Better Business Bureau Report for
Impact 100

Better Business Bureau Report issued June 2009
Better Business Bureau Report expires June 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Impact 100
Address: PMB 314, 2692 Madison Road NI
  Cincinnati, OH 45208-1320
Phone: (513) 624-9509
Web Address: www.impact100.org
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Better Business Bureau Comments

Year, State Incorporated: 2001, Ohio
Affiliates: None
Stated Purpose: Impact 100 empowers women to dramatically improve lives by collectively funding significant grants that make a lasting impact in our community.

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Evaluation Conclusions

               

Impact 100 meets the 20Standards for Charity Accountability.
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BBB Accreditation

               

A BBB Accredited Charity since 08/27/2008.

BBB has determined that in addition to meeting BBB's 20 Standards for Charity Accountability, Impact 100 adheres to the BBB Code of Business Practices, which includes a commitment to make a good faith effort to resolve any complaints.  Charities that display the BBB Accredited Charity Seal pay a fee for review / monitoring and for support of BBB's services to the public. 

BBB accreditation does not mean that the charity's programs or services have been evaluated or endorsed by BBB or that BBB has made a determination as to the charity's competency in performing services.

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Programs

               

Impact 100 was formed as an idea to promote philanthropy among women and according to the organization, in 2007, 246 women were members of the organization. Members ranged in age from their 20’s to their 70’s and are from Ohio, Kentucky, and Indiana. Each member of Impact 100 is entitled to one vote when selecting recipient organizations. By pooling contributions together, members have invested in nonprofits that provide sustainable solutions for people who lack access to basic necessities such as healthcare, quality shelter, education, and job training. According to the organization, Impact 100 has given over $1,400,000 to nonprofits in the Greater Cincinnati and Northern Kentucky community.

For the fiscal year ended December 31, 2007, Impact 100's program expenses were:

  
Program Services 234,323
Total Program Expenses: $234,323
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Governance

               

Chief Executive :
Compensation*:

Chair of the Board: Ms. Jenny Berg
Chair's Profession / Business Affiliation: Not Provided

Board Size: 20

Paid Staff Size:

*Impact 100 is run by an all-volunteer board of directors. The organization does not have a compensated Executive Director.
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Fund Raising

               

Method(s) Used:

grant proposals, Internet, membership appeals
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $307,527, are donations received as a result of fundraising activities.)
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Tax Status

               

This charity is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Impact 100's audited financial statements for the year ended December, 31 2007.

Source of Funds  
Membership Dues 277,202
Foundation Contributions 17,500
Interest and Dividend Income 7,906
Friends Contributions 7,092
Special Events 5,733
Unrealized Gains (Losses) -209
Realized Gains (Losses) -1,280
Total Income $313,944


chart



Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 1%  Administrative: 3% 

Total income   $313,944
  Program expenses $234,323
  Fund raising expenses 3,432
  Administrative expenses 6,124
 
Total expenses   $243,879
Income in Excess of Expenses   70,065
Beginning net assets   121,608
Ending net assets   191,673
Total liabilities  
Total assets   $191,673


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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