COMMON IMPACT INC

EIN: 300440394 501(c)(3) Unknown

BROOKLYN, NY

Total Revenue
$3,682,373
Total Expenses
$3,966,022
Total Assets
$3,822,119
Net Assets
$2,542,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MA
Principal Officer
RACHEL HUTCHISSON
Phone
6464939977
Tax Period
2023-01-01 to 2023-12-31

COMMON IMPACT INC, founded in 2007, is a community nonprofit in the Unknown sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

COMMON IMPACT'S MISSION IS TO STRENGTHEN THE CAPACITY OF SOCIAL CHANGE ORGANIZATIONS, ENABLING THEM TO BETTER RUN AND SCALE THEIR PROGRAMS. THROUGH ITS PARTNERSHIP WITH COMPANIES, COMMON IMPACT TAPS INTO THE BUSINESS SKILLS AND EXPERTISE OF THE CORPORATE SECTOR TO SUPPORT DEFINED, HIGH-IMPACT PROJECTS WITH NONPROFITS, SOCIAL ENTERPRISES, AND PUBLIC AGENCIES.

Program Service Accomplishments

Program 1
Expenses: $2,547,080 Revenue: $3,022,152

STRATEGY CONSULTING CONSULTING SUPPORT IS CUSTOMIZED TO COMPANY GOALS AND DESIGNED TO HELP COMPANIES BUILD OR EVOLVE AN EMPLOYEE ENGAGEMENT, SOCIAL IMPACT, OR SKILLED VOLUNTEERING PROGRAM THAT...

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STRATEGY CONSULTING CONSULTING SUPPORT IS CUSTOMIZED TO COMPANY GOALS AND DESIGNED TO HELP COMPANIES BUILD OR EVOLVE AN EMPLOYEE ENGAGEMENT, SOCIAL IMPACT, OR SKILLED VOLUNTEERING PROGRAM THAT DELIVERS VALUE FOR CORPORATE EMPLOYEES AND NONPROFIT PARTNERS. YOU ACHIEVE YOUR VISION. THIS ENGAGEMENT IS AIMED TO:- DESIGN AND IMPLEMENT A SKILLS-BASED VOLUNTEER PROGRAM FOR THE FIRST TIME OR EXPAND THE IMPACT OF AN EXISTING ONE.- BETTER ALIGN A COMPANY'S OPERATIONAL STRATEGY WITH TALENT DEVELOPMENT, EMPLOYEE ENGAGEMENT, AND PHILANTHROPIC GOALS- UNDERSTAND HOW SOCIAL IMPACT OR EMPLOYEE ENGAGEMENT PROGRAM COMPARES TO PEER COMPANIES.- ZERO IN ON AND SOLVE FOR PAIN POINTS OR PROGRAM CHALLENGES.

Program 2
Expenses: $154,434 Revenue: $183,238

TEAM CONSULTING FUNCTIONAL OR CROSS-FUNCTIONAL TEAMS COLLABORATE ACROSS 6 WEEKS - 6 MONTHS ON A NONPROFIT'S CONSULTING OR IMPLEMENTATION CHALLENGE RELATED TO OPERATIONS, STRATEGIC PLANNING...

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TEAM CONSULTING FUNCTIONAL OR CROSS-FUNCTIONAL TEAMS COLLABORATE ACROSS 6 WEEKS - 6 MONTHS ON A NONPROFIT'S CONSULTING OR IMPLEMENTATION CHALLENGE RELATED TO OPERATIONS, STRATEGIC PLANNING, TECHNOLOGY, FINANCE, HR, OR MARKETING. - PROJECTS ARE DESIGNED AS A LEADERSHIP DEVELOPMENT TOOL FOR VOLUNTEERS-TIMELINE: THE OVERALL ENGAGEMENT CAN TAKE 9 WEEKS - 6 MONTHS INCLUDING SOURCING & SCOPING NONPROFIT PROJECTS FROM PROJECT KICK-OFF -RECRUITMENT: ENGAGES A TARGET GROUP OF EMPLOYEES I.E., EMERGING LEADERS, EXECUTIVES, BUSINESS RESOURCE GROUPS-PROJECTS ARE SCOPED WITH AN ASSUMPTION OF A DELIVERED STAND-ALONE RESOURCE THAT SUPPORTS ORGANIZATIONAL OR CROSS-PROGRAM CAPACITY BUILDING -ENGAGEMENT MANAGEMENT: CI TEAM MEMBERS IDENTIFY PROJECT NEEDS, SOURCE VOLUNTEERS, KICK-OFF PROJECT WITH NONPROFIT AND VOLUNTEERS AND ATTEND WEEKLY MEETINGS. CI TEAM MEMBERS FACILITATE THE CONVERSATION VS. ACTING AS AN ADDITIONAL SBV VOLUNTEER.

Program 3
Expenses: $126,842 Revenue: $150,500

DAY OF SERVICE EMPLOYEE TEAMS ARE MATCHED TO A NONPROFIT CHALLENGE THAT ALIGNS WITH THEIR COLLECTIVE SKILLSET AS PART OF A GROUP EVENT THAT OCCURS EITHER VIRTUALLY OR IN-PERSON DURING A SINGLE DAY OR...

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DAY OF SERVICE EMPLOYEE TEAMS ARE MATCHED TO A NONPROFIT CHALLENGE THAT ALIGNS WITH THEIR COLLECTIVE SKILLSET AS PART OF A GROUP EVENT THAT OCCURS EITHER VIRTUALLY OR IN-PERSON DURING A SINGLE DAY OR VIRTUALLY IN TWO PARTS ACROSS TWO DAYS. EVENTS CAN INCLUDE UP TO 20 NONPROFITS.- TIMELINE: 5-8 HOURS WITH A MINIMUM OF 10 WEEKS PREP TIME. - VIRTUAL OR IN-PERSON AS DETERMINED BY CORPORATE CLIENT AND DEPENDENT ON EVENT SCALE AND SIZE - NONPROFIT CHALLENGES ARE SCOPED WITH THE ASSUMPTION THAT A PROJECT CAN BE COMPLETED IN APPROXIMATELY 8 HOURS. - EVENT CONSISTS OF 3-4 PARTS: DISCOVERY, INCUBATION TANK, OPTIONAL COMMUNITY PROGRAMMING, AND PRESENTATION. - CAN INCLUDE UP TO 20 NONPROFITS AS PART OF A SINGLE VIRTUAL OR IN-PERSON EVENT WITH 5-8 VOLUNTEERS PER TEAM OR UP TO 40 NONPROFITS AS PART OF A TWO DAY VIRTUAL EVENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,351
Program Service Revenue $3,355,890
Investment Income $62,381
Other Revenue $3,751
TOTAL REVENUE $3,682,373

Expense Breakdown

Grants Paid $75,000
Salaries & Benefits $2,973,947
Fundraising Expenses $125,300
Program Expenses $2,828,356
Other Expenses $917,075
TOTAL EXPENSES $3,966,022

Year-over-Year Comparison

2023 2022 Change
Revenue $3,682,373 $3,780,610 0.0%
Expenses $3,966,022 $3,597,312 +0.1%
Net Income $-283,649 $183,298 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
27
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$500,954
Total Directors
14
$0
Key Employees
1
$210,366
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN CARNEY PRESIDENT 1.00
Officer Director
$0 $0 $0
LAUREN ARNOLD BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
JIHYE GYDE BOARD VICE CHAIR, THRU 12/1/23 1.00
Officer Director
$0 $0 $0
DORRI MCWHORTER TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN CAVANAUGH SECRETARY 1.00
Officer Director
$0 $0 $0
ANNE AMES DIRECTOR 1.00
Director
$0 $0 $0
CHERYL CALL DIRECTOR 1.00
Director
$0 $0 $0
RACHEL HUTCHISSON DIRECTOR 1.00
Director
$0 $0 $0
DEAN MARSH DIRECTOR 1.00
Director
$0 $0 $0
BRIDGET NEIBERGALL DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SCALIA DIRECTOR 1.00
Director
$0 $0 $0
CONOR SUTHERLAND DIRECTOR 1.00
Director
$0 $0 $0
GINA TESLA DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE ZHANG DIRECTOR 1.00
Director
$0 $0 $0
LEILA M SAAD CHEIF EXECUTIVE OFFICER 40.00
Officer
$223,217 $59,943 $283,160
IHEYINWA O DURU CHIEF OPERATING OFFICER 40.00
Officer
$193,063 $24,731 $217,794
LORI A MURPHY CHIEF PARTNERSHIPS OFFICER 40.00
Key Emp
$170,381 $39,985 $210,366
CHRISTINA V RENE CHIEF OF STAFF 40.00
Highest
$136,314 $14,496 $150,810
TESSA E VITHAYATHIL DIRECTOR PROGRAMS 40.00
Highest
$122,420 $43,728 $166,148
ALANA FRANCIS DE GOVIA CHIEF PROGRAMS OFFICER 40.00
Highest
$108,758 $29,347 $138,105
CHANNELL V MELLISH DIRECTOR OF MARKETING 40.00
Highest
$100,161 $14,496 $114,657
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,682,373 $3,966,022 $3,822,119 $-283,649
2022 $3,780,610 $3,597,312 $4,111,651 $183,298
2021 $3,225,585 $2,432,255 $4,223,654 $793,330
2020 $2,615,908 $2,122,559 $2,580,350 $493,349
2019 $2,573,500 $2,022,653 $1,993,537 $550,847
2018 $1,723,095 $1,242,069 $1,294,125 $481,026
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