Impact46 Inc

Nonprofit profile at a glance

EIN
813592697
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-EZ 2019
Location
Lawrenceville, GA, USA
Phone
7708917882
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,211,052
Expenses
$1,054,007
Assets
$1,663,281
Liabilities
$174,133

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JENNIFER YOUNG (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JENNIFER YOUNG (EXECUTIVE DIRECTOR): $145,791 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Builds partnerships with a purpose for community impact

What it reported doing in 2024

Partnering with cities to assist families living in extended stays with the pathway to permanent housing through barrier elimination and community support. We provide the following:- relocation stipend and moving financial assistance- intensive case management- relocation navigator- community resources to eliminate barriers (i.e. Financial literacy, ready to hire employment opportunities, etc.)the summer ofimpact was designed to transform lawrenceville thru strategic internships that did the following: - decreased the opportunity gap for students in the 30046 zip code.- expand the social, personal, and professional networks of the next generation workforce.- create enrichment opportunities for children and students thru leadership development and community engagement.- engage the 6 sectors of a community thru employing rising juniors and seniors from central gwinnett high school.as lawrenceville embraces it's changing culture, there are many opportunities to learn from others and embrace new neighbors. Our community listening conversations training to learnhow to listen to our community. As a result we will build relationships and networks that, in hopes, will allow us to begin using assets to solve issues facing lawrenceville.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.8%; rating input score 56
  • Program expense ratio: 64.1%; rating input score 64
  • Fundraising efficiency: $3.09 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 24.5% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 37.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 55.8% of revenue deployed · 64.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $676K in reported program spending
  • Leadership: top reported pay $146K · 9 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 9/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.