Net Impact

Nonprofit profile at a glance

EIN
030552976
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
El Cerrito, CA, USA
Phone
3109093611
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$2,102,455
Expenses
$2,572,844
Assets
$240,510
Liabilities
$759,383

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

Leadership & pay

17 people listed

Executive titles in this filing

  • KAREN JOHNS (CEO)

Highest reported compensation

  • KAREN JOHNS (CEO): $251,127 total reported compensation
  • SAM CHARNER (MANAGING DIR., PROGRAMS & COMMUNITY): $149,126 total reported compensation
  • MONICA V RODRIGUES SMIT (ASSOCIATE DIRECTOR, UP TO US): $121,622 total reported compensation

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

Overview

Mission

Transformational forces for good through platforms, programs and partnerships.

What it reported doing in 2024

Student programs & chapters engagement: net impact develops and hosts programs and leadership development opportunities for the net impact community and many others around the world. Programs engage thousands of undergraduate and graduate students, as well as professionals, on a variety of topics including climate action, corporate sustainability, civic engagement, and more, aimed to develop and activate empowered members of the global workforce who leverage their skills and careers to drive transformational change for people and planet. 86% of participants report they gained knowledge/skills/connections for career goals, 75% reported feeling better equipped to make change. The net impact global community is comprised of 300+ campus and professional chapters. Net impact educates and connects emerging leaders around the globe to drive social and environmental change throughout their education and careers. Chapters host approximately 4,000 networking, educational, and community service events and projects annually, many of which are open to the public. Net impact's chapters do not meet the definition of local chapters or affiliates for part vi, question 10a on form 990 as the organization does not have financial or programmatic oversight of local chapters.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 65
  • Accountability: 95
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86%; rating input score 86
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $10 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -22.4%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 3.16; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 20.3%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -2.6% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -3.8% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 86% of revenue deployed · 70.3% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $251K · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.