New Impact is located in Seattle, WA. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, New Impact employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Impact 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 12/2023, New Impact generated $314.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $313.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEWIMPACT IS A SEATTLE-BASED, HUMANITY-BENEFIT NONPROFIT (501C3) DEDICATED TO CHANGING THE WAY THE WORLD FINDS OPPORTUNITIES AND SOLVES PROBLEMS. BY FORGING A TRI-SECTOR MINDSET, WE AIM TO CATALYZE AND SCALE INNOVATION BY LEVERAGING EXISTING RESOURCES FROM AND ALIGNING INTERESTS OF THE PRIVATE, SOCIAL, AND PUBLIC SECTORS, IN ORDER TO ACHIEVE PROGRESS THAT BENEFITS PEOPLE AND THE PLANET. OUR CURRENT SYSTEMS FOR CHANGE ARE SLOW-MOVING, HEAVILY SILOED, AND INEFFICIENT. OUR SOLUTIONS ARE DESIGNED TO BE SCALABLE AND SELF-SUSTAINING, AND WE BELIEVE IN FULL TRANSPARENCY WHEN IT COMES TO SHARING OUR TOOLS, RESEARCH, AND FINDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCENTRIC ADVISORS TRI-SECTOR INNOVATION WORKSHOP:NEWIMPACT DESIGNED A FOUR-HOUR INTERACTIVE WORKSHOP, SLATED FOR DELIVERY IN JANUARY 2024, TAILORED FOR THE TEAM AT CONCENTRIC SERVICES, A PRIVATE SECTOR SECURITY ADVISOR AND SERVICES PROVIDER. THE HALF-DAY SESSION WILL REVOLVE AROUND GENERATING INNOVATIONS ALIGNED WITH CONCENTRIC'S OBJECTIVES THROUGH THE TSI FRAMEWORK, PUSHING BOUNDARIES AND UNCOVERING NEW OPPORTUNITIES.THE WORKSHOP INCLUDES AN INTRODUCTION TO TSI, EXPLORATION OF POTENTIAL IMPACT AREAS BEYOND CURRENT PERSPECTIVES, DEEP DIVES INTO REAL COMPANY CHALLENGES, COLLABORATIVE BRAINSTORMING FOR CROSS-SECTOR OPPORTUNITIES, AND IDENTIFICATION OF RESOURCES AND MODEL DESIGN TO EXPAND POSSIBILITIES.THIS INITIATIVE REFLECTS NEWIMPACT'S DEDICATION TO FOSTERING INNOVATIVE THINKING WITHIN THE PRIVATE SECTOR. THE ALLOCATED FUNDS WILL COVER ESSENTIAL WORKSHOP LOGISTICS, MATERIALS, AND TOOLS, ENSURING A TRANSFORMATIVE AND IMPACTFUL SESSION FOR CONCENTRIC SERVICES.
BLUE RIDGE LABS TRI-SECTOR INNOVATION WORKSHOP:NEWIMPACT DEVELOPED AND LED A TARGETED 2-HOUR WORKSHOP FOR IMPACT-CENTERED START-UPS IN THE BLUE RIDGE LABS ACCELERATOR, FOCUSED ON FORTIFYING THEIR BUSINESS MODELS. EMPHASIZING TRI-SECTOR INNOVATION'S KEY CONCEPTS, RESOURCES, SECTORS, AND SELF-INTERESTS NEWIMPACT TRAINED AND ADVISED COHORTS IN BUILDING STRONGER AND MORE IMPACTFUL BUSINESS MODELS. POST-WORKSHOP, NEWIMPACT PROVIDED FURTHER SUPPORT THROUGH A FOLLOW-UP PRESENTATION AND TEAM-COACHING SESSION. INDIVIDUAL ON-DEMAND OFFICE HOURS WERE PROVIDED FOR TAILORED MENTORSHIP, AIMING TO ELEVATE IMPACT AND EFFECTIVENESS FOR EACH TEAM.THIS INITIATIVE REFLECTS NEWIMPACT'S COMMITMENT TO FOSTERING THE DEVELOPMENT AND SUSTAINABILITY OF SOCIAL IMPACT START-UPS. FINANCIAL ALLOCATIONS COVERED WORKSHOP LOGISTICS, MATERIALS, COACHING, AND ADMINISTRATIVE NEEDS.
NOTLEY TRI-SECTOR INNOVATION WORKSHOP:NEWIMPACT DESIGNED AND DELIVERED A TARGETED THREE-HOUR TRI-SECTOR INNOVATION (TSI) WORKSHOP FOR IMPACT-ORIENTED BUSINESSES IN THE NOTLEY NETWORK ACROSS AUSTIN, SAN ANTONIO, DENVER, AND COLUMBUS. THE SESSION AIMED TO HELP ORGANIZATIONS ADDRESS CHALLENGES, ENHANCE IMPACT, AND THRIVE IN THEIR MARKETS.GUIDED BY RESPONSES TO A PRE-WORKSHOP SURVEY, THE SESSION-DESIGN ALLOWED FOCUS ON EACH ORGANIZATION'S SPECIFIC CHALLENGES AND INTERESTS. PARTICIPANTS TACKLED KEY BUSINESS AND IMPACT QUESTIONS, LEARNING TO STRENGTHEN THEIR BUSINESS MODELS AND INTEGRATE PROFIT AND PURPOSE THROUGH TSI. THE WORKSHOP INTRODUCED THE TSI MINDSET, PROCESS, AND TOOLS, ENABLING ORGANIZATIONS TO REPURPOSE RESOURCES ACROSS SECTORS FOR INCREASED CUSTOMER REACH, VALUE DELIVERY, COMPETITIVE ADVANTAGE, SUSTAINABLE GROWTH, FUNDING, AND OVERALL IMPACT.BEYOND THEORETICAL LEARNING, PARTICIPANTS ENGAGED HANDS-ON WITH TSI CONCEPTS, COLLABORATING WITH NEWIMPACT AND FELLOW NOTLEY NETWORK MEMBERS. PRACTICAL APPLICATION WAS FACILITATED USING THE TSI CANVAS EXPLORATORY INNOVATION TOOL AND OTHER INNOVATION TOOLS.THIS INITIATIVE REFLECTS NEWIMPACT'S COMMITMENT TO FOSTERING IMPACTFUL CHANGE THROUGH HELPING ORGANIZATIONS UNITE PROFIT AND PURPOSE AND THRIVE. ALLOCATED FUNDS COVERED ESSENTIAL WORKSHOP LOGISTICS, MATERIALS, AND TOOLS, ENSURING A SUCCESSFUL AND ENRICHING EXPERIENCE.
WIKI DATABASE:PROJECT TO CREATE A FREE AND OPEN ONLINE CATALOG/DIRECTORY OF INFORMATION ABOUT ORGANIZATIONS, RESOURCES AND DATASETS ORGANIZED BY GEOGRAPHIES (HQ AND REGIONS SERVED) AND IMPACT, AND AN INTERACTIVE VISUALIZATION WIKI DATA. IT SURFACES RESOURCES CONTAINED WITHIN RELATED ORGANIZATIONS TO BE USED FOR INNOVATION AROUND THE IDENTIFIED OPPORTUNITIES. DATA ARE ORGANIZED BY UN SDGS, SPI, AND OTHER IMPACT FRAMEWORKS AS DESIRED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jens Molbak Director & President | OfficerTrustee | 40 | $0 |
Jon Diamond Director & Vice President | OfficerTrustee | 0.8 | $0 |
Robert Lilleness Director, Secretary & Trea | OfficerTrustee | 0.8 | $0 |
Elisabeth R Roberts Senior Product Manager | 40 | $140,400 |
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 | $302,600 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $302,600 |
Total Program Service Revenue | $10,000 |
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 | $314,007 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
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 | $206,161 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,030 |
Payroll taxes | $17,192 |
Fees for services: Management | $0 |
Fees for services: Legal | $466 |
Fees for services: Accounting | $8,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $13,106 |
Advertising and promotion | $6,500 |
Office expenses | $7,752 |
Information technology | $26,305 |
Royalties | $0 |
Occupancy | $0 |
Travel | $9,002 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,123 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,988 |
All other expenses | $0 |
Total functional expenses | $313,204 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,491 |
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 | $8,036 |
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 | $39,527 |
Accounts payable and accrued expenses | $13,556 |
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 | $13,556 |
Net assets without donor restrictions | $25,971 |
Net assets with donor restrictions | $0 |
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 | $39,527 |