Impact Hub
- Assets
- $367.9k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Vashon, WA
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 81-4127514
Organization Overview
Impact Hub is located in Vashon, WA. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Hub is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Impact Hub generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 55.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Impact Hub has awarded 11 individual grants totaling $822,257. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE A GLOBAL ECOSYSTEM FOR THE GROWTH OF SOCIAL ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM TO SUPPORT THE DEVELOPMENT OF THE SOCIAL ENTERPRISE LANDSCAPE IN RUSSIA AND STRENGTHEN THE IMPACT OF EXISTING SOCIAL ENTREPRENEURS (SES). ALSO, A PROGRAM TO TRAIN GIRLS IN IT PROFESSIONS AND CREATE A CHANNEL ABOUT GIRLS IN THE FIELD OF IT.
GENERATION IMPACT FELLOWSHIP PROGRAM IS A MULTI-CITY ENTREPRENEURSHIP PROGRAM DESIGNED FOR YOUNG FUTURE LEADERS AIMED TO INSPIRE, SELECT AND SUPPORT INNOVATIVE IDEAS WITH THE POTENTIAL TO GROW TO BE SUSTAINABLE VENTURES. THIS PROGRAM INVOLVES 9 IMPACT HUB LOCATIONS IN THE ASIA PACIFIC REGION: JAKARTA, KUALA LUMPUR, KYOTO, MANILA, PHNOM PENH, SHANGHAI, TAIPEI, YANGON AND WAIKATO.
PROGRAM TO SUPPORT WOMEN OF COLOR ENTREPRENEURS WHO ARE BUILDING GREAT BUSINESSES THROUGH LONG-TERM MENTORSHIP, COMBINED WITH TAILORED PROGRAMMING, PEER SUPPORT, AND CURATED ACCESS TO POTENTIAL CUSTOMERS, LENDERS AND INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Howe Board President | OfficerTrustee | 1 | $0 |
Alfredo Villalonga Secretary | OfficerTrustee | 1 | $0 |
Grace Rodriguez Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,985,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,985,834 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,985,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $704,958 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $925,144 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,237 |
| Fees for services: Accounting | $1,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,662,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $367,854 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $59,894 |
| Net assets with donor restrictions | $307,960 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $367,854 |
Grants Awarded
Over the last fiscal year, Impact Hub has awarded $700,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
R & B YOGA PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |
HOOD HEALTH PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |
AHMAUD ARBERY FOUNDATION PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |
HEALHAUS LLC PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |
NAAYA WELLNESS LLC PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |
SPIKED SPIN LLC PURPOSE: CULTIVATE AND B.L.O.O.M. SOCIAL IMPACT ACCELERATOR SCHOLARSHIP AWARD | $100,000 |