Nexus Impact Center Inc

EIN: 830524812 501(c)(3) Religion

Indianapolis, IN

Total Revenue
$551,181
Total Expenses
$553,603
Total Assets
$268,345
Net Assets
$176,745
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IN
Principal Officer
Justin Farrell
Phone
3177403965
Tax Period
2023-01-01 to 2023-12-31

Nexus Impact Center Inc, founded in 2018, is a small nonprofit in the Religion sector that reported $551K in total revenue in fiscal year 2023.

Mission

The Nexus Impact Center unites, inspires and resources people to cultivate impact-driven business models. We work with both nonprofits and for-profit organizations providing like-minded community, economical space, advocacy for impact-based business models and support through connecting members to programs and resources.

Program Service Accomplishments

Program 1
Expenses: $200,118 Revenue: $298,604

Economical space for impact-based businesses and nonprofits to work, meet and hold events. We had a 95% occupancy rate throughout 2023. Impact is through employment, product/services, giving and...

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Economical space for impact-based businesses and nonprofits to work, meet and hold events. We had a 95% occupancy rate throughout 2023. Impact is through employment, product/services, giving and equitable supply chains

Program 2
Expenses: $200,117 Revenue: $147,973

Shared space for start-ups, solopreneurs and freelancers to launch and grow their businesses. We averaged 100 active coworking members throughout 2023 who utilized the shared space and connected with...

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Shared space for start-ups, solopreneurs and freelancers to launch and grow their businesses. We averaged 100 active coworking members throughout 2023 who utilized the shared space and connected with the community. We helped connect many of them to resources and programs to keep their business going through the ongoing impact from the pandemic/inflation. Many of which found ways to continue to pivot and grow.

Program 3
Revenue: $1,953

Economical office amenities (mailbox, furniture rental) to lower barriers for impact-based businesses and nonprofits. We have sought to find the tools and services our members need and provide things...

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Economical office amenities (mailbox, furniture rental) to lower barriers for impact-based businesses and nonprofits. We have sought to find the tools and services our members need and provide things like locked mailboxes, storage space and furniture for suites at a very low monthly cost so they can focus on their businesses

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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 $104,209
Program Service Revenue $446,972
Investment Income $0
Other Revenue $0
TOTAL REVENUE $551,181

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,331
Fundraising Expenses $0
Program Expenses $400,235
Other Expenses $417,272
TOTAL EXPENSES $553,603

Year-over-Year Comparison

2023 2022 Change
Revenue $551,181 $527,059 +0.0%
Expenses $553,603 $505,046 +0.1%
Net Income $-2,422 $22,013 -1.1%
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
3
Independent Members
3
Employees
8
Volunteers
1

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robin Lee Executive Director 50.00
$32,768 $0 $32,768
Justin Farrell Chairman 2.00
Officer
$0 $0 $0
Luke Edgerton Vice Chairman 2.00
Officer
$0 $0 $0
Julia Doffin Secretary 2.00
Officer
$0 $0 $0
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 $551,181 $553,603 $268,345 $-2,422
2022 $527,059 $505,046 $289,652 $22,013
2021 $400,399 $359,789 $267,902 $40,610
2020 $322,011 $313,749 $217,822 $8,262
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