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Impact Charitable

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471180598 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Impact Charitable?

Impact Charitable is a Denver, Colorado-based nonprofit organization that aims to improve financial security for individuals across the state by providing emergency assistance through direct cash payments. They are a catalyst connecting philanthropists, community partners, foundations, financial institutions, social enterprises, and government entities to distribute funds in innovative ways to a larger population. With a staff of six dedicated individuals, Impact Charitable's most notable initiative is the Left Behind Workers Fund, which offers essential financial aid to undocumented residents during the COVID-19 pandemic, helping to create a safety net for those overlooked by existing support systems.


Official website here: www.impactcharitable.org

Is Impact Charitable legitimate?

Impact Charitable is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Charitable submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,068

For more financial information, click here


Official website here: www.impactcharitable.org

What is the mission statement of Impact Charitable?

Impact Charitable brings together catalytic philanthropists, community partners, foundations, financial institutions, social enterprises, and government entities to facilitate the transfer of more funds to a greater number of people and places. The organization continues to operate the Left Behind Workers Fund, providing emergency financial assistance in the form of direct cash payments to undocumented individuals across various states, including Colorado. This initiative aims to enhance financial security, expedite recovery related to the impacts of COVID-19, and create a safety net for individuals who have been overlooked by existing social support systems. By connecting various stakeholders, Impact Charitable aims to broaden the scope and reach of philanthropic efforts and foster a more equitable distribution of resources.


Official website here: www.impactcharitable.org

Who is the CEO of Impact Charitable?

Rich Hoops is the President of Impact Charitable.


Official website here: www.impactcharitable.org

What is the revenue of Impact Charitable?

Impact Charitable's revenue in 2022 was $17,937,020.


Official website here: www.impactcharitable.org

Who are the executives of Impact Charitable and what are their salaries?

The average compensation at Impact Charitable during 2022 was $38,845. There are 6 employees and 5 volunteers at Impact Charitable.

Here are 7 key members and their salaries:

    Emily Allred Laintz (Finance & Investments Director)
  • Compensation: $100,025
  • Related: $0
  • Other: $0

    • Rich Hoops (Executive Director)
  • Compensation: $75,000
  • Related: $0
  • Other: $0

    • Ed Briscoe (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sondra Greene (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Howell (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Newhouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.impactcharitable.org

    Where can I find the form 990 for Impact Charitable?

    The Impact Charitable’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.impactcharitable.org

    Learn more at the official website: www.impactcharitable.org

    Mission Statement of Impact Charitable

    Impact Charitable, a catalytic philanthropic organization, brings together philanthropists, community partners, foundations, financial institutions, social enterprises, and government entities to channel more financial resources, in various forms, to a larger population and diverse locations. The mission of this charitable entity is geared towards mobilizing catalytic philanthropists and fostering collaborations that facilitate the transfer of funds, employing innovative methods, to extend a helping hand to an extensive array of individuals and communities in need.

    Impact Charitable continues to oversee the Left Behind Workers Fund, an initiative that provides emergency financial aid in the form of direct cash payments to undocumented individuals across Colorado. The primary objective of this fund is to enhance the financial security of these individuals, expedite their recovery from the economic repercussions of COVID-19, and create a safety net for those overlooked by our current social support systems. By addressing the financial needs of this marginalized community, Impact Charitable aims to contribute significantly to their overall well-being and empower them to rebuild their lives.

    Impact

    This information is meant to be a general summary of Impact Charitable. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Impact Charitable's impact is seen in its operation of the Left Behind Workers Fund, providing emergency assistance in the form of direct cash payments to undocumented individuals across the state of Colorado. This initiative aims to improve financial security, accelerate recovery related to the impacts of COVID-19, and create a safety net for neighbors left behind by current social support systems.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $26,907
  • Program Service Revenue: $89,579
  • Gross Receipts: $18,462,134

    • Assets and Liabilities:
  • Total Assets: $13,547,870
  • Total Liabilities: $6,088,517
  • Net Assets: $7,459,353
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INVESTMENT MGMT

    Revenue

    $35,800

    PROJECT MGMT

    Revenue

    $24,945

    HOUSING PROJECT

    Revenue

    $15,000

    GI PILOT PROJECT

    Revenue

    $13,834

    Organization Details

    Founding Year

    2014

    Principal Officer

    Rich Hoops

    Main Address

    1536 WYNKOOP STREET 223, DENVER, CO, 80202

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Impact Charitable and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.