New Impact

Nonprofit profile at a glance

EIN
844671011
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Seattle, WA, USA
Phone
4253985103
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Coalitions

Official website

Reported finances

Revenue
$247,260
Expenses
$266,472
Assets
$25,531
Liabilities
$18,772

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JENS MOLBAK (DIRECTOR & PRESIDENT)
  • JON DIAMOND (DIRECTOR & VICE PRESIDENT)

Highest reported compensation

  • ELISABETH R ROBERTS (SENIOR PRODUCT MANAGER): $140,400 total reported compensation

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

Overview

Mission

We passionately work to catalyze and scale innovation that positively impacts humanity by inspiring, enabling, and activating a community of tri-sector innovators from companies, nonprofits, and government agencies. Their innovations will accelerate impact by leveraging existing resources and aligning interests from the private, social, and public sectors -providing benefits for people and the planet. Our goal is that tri-sector innovation will be as widely accepted and widely practiced as design thinking, agile development, and human-centered design.

What it reported doing in 2024

Other 2024 programs: newimpact's other 2024 programs, focused on advancing tri-sector innovation (tsi) through education, workshops, and resource development to promote tri-sector problem solving and innovation:- ball state university: delivered a tsi introduction as part of miller school of business reimagining business education speaker series and led a community workshop on a public utility model for food insecurity. - blue ridge labs: conducted a three-hour workshop for impact-centered start-ups in the blue ridge labs accelerator, focused on building stronger and more impactful business models through principles, followed by mentorship support. - green phoenix collaborative: provided educational resources, an interactive workshop, and community facilitation to introduce tsi principles. - newimpact wiki database: maintained and provided ongoing access to the newimpact wiki, a free and open online platform designed to help entrepreneurs, managers, and policymakers identify cross-sector resources and potential collaborators, integrating tools for exploring government, nonprofit, and private-sector initiatives.- tri-sector innovation teaching hub: an educational resource to help universities and training programs integrate tsi concepts. The project includes instructional content, learning modules, and teaching best practices, with development still in progress.these initiatives support newimpact's mission to promote tri-sector collaboration by equipping communities, organizations, start-ups, and universities with practical tools, frameworks, and resources for problem-solving and impact-driven innovation.

Operating model

Revenue model
Donor-supported. 87% 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

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 15
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 15
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.3%; rating input score 17
  • Program expense ratio: 16.1%; rating input score 16
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.8%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 52.7%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -32.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -10.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 17.3% of revenue deployed · 16.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $43K in reported program spending
  • Leadership: top reported pay $140K · 4 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 17/100.
  • High — Financial Efficiency: Program expense ratio scored 16/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.