Impact Hub Academy

Nonprofit profile at a glance

EIN
813677784
IRS 990-EZ coverage
2017–2018
Forms available
Form 990-EZ 2018, Form 990-N 2016
Location
Boulder, CO, USA
Phone
3033580685
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$103,482
Expenses
$121,225
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RICHARD HOOPS (President)

People named in this filing

  • RICHARD HOOPS (President)
  • SARAH KRAFT (Secretary)
  • JOELLEN RADERSTORF (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization has a direct mission of supporting enterprising ideas for sustainable impact through education, connection, and inspiration. The organization fulfills this mission by providing education and support directed at a wide and diverse spectrum of businesses, their founders, governments and other non-business organizations, and individuals (social agents), who share a common goal of creating positive social and environmental impact. Through these activities, the organization intends to play a key role in improving social conditions (e.g., reducing poverty and economic inequality) and environmental conditions.

What it reported doing in 2018

The impact hub academy, positioned as backbone organization in the boulder area and beyond focused on supporting aligned activities in order to address complex local and global challenges. With an emphasis on women's leadership, youth entrepreneurship and environmental impact. Impact hub academy reached over 7,000 people co-hosting events with local organizations in these subject areas from january through july, 2018.a sampling of collective programming include:-emerging women leadership series-changemaker chats women leadership series-dream tank youth collaboration-watershed youth collaborations-startup weekend - food collaboration w/ techstars-startup week - social good track-city council candidate forum

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -17.1%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: -31.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -55.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2017 to 2018
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.