2024-11-15T10:41:48-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2023-01-01 300440394 COMMON IMPACT INC COMM 6464939977 44 COURT STREET 1217-1070 BROOKLYN NY 11201 RACHEL HUTCHISSON INTERIM CEO 6464939977 2024-11-15 1 1 MELISSA MODELSON P01603524 9143818900 2024-11-14 2023 2024-10-15 13:58:12Z X RACHEL HUTCHISSON 44 COURT STREET 1217-1070 BROOKLYN NY 11201 3682373 0 X WWW.COMMONIMPACT.ORG X 2007 MA COMMON IMPACT BUILDS THE CAPACITY OF HIGH PERFORMING NONPROFIT ORGANIZATIONS, ENABLING THEM TO SCALE PROVEN MODELS OF SOCIAL IMPACT. WE PARTNER WITH COMPANIES TO ENGAGE THEIR MOST STRATEGIC PHILANTHROPIC ASSET, THEIR PEOPLE, IN TARGETED SKILLS-BASED VOLUNTEER PROGRAMS THAT CREATE VALUE FOR THOSE COMPANIES AND THE COMMUNITIES IN WHICH THEY OPERATE. THESE PROGRAMS - WHICH INCLUDE DAYS OF SERVICE, IN-DEPTH CONSULTING ENGAGEMENTS, EXECUTIVE COACHING AND BOARD SERVICE - CREATE LONG TERM, SUSTAINABLE PARTNERSHIPS BETWEEN THE CORPORATE AND NONPROFIT SECTORS. 13 13 27 14 0 0 171964 260351 3604191 3355890 4455 62381 0 3751 3780610 3682373 0 75000 0 0 2547285 2973947 0 0 125300 1050027 917075 3597312 3966022 183298 -283649 4111651 3822119 1284171 1279901 2827480 2542218 X 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. 0 0 2547080 75000 3022152 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. 154434 183238 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. 126842 150500 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. 2828356 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY MA X X RACHEL HUTCHISSON INTERIM CEO 6464939977 44 COURT STREET 1217-1070 BROOKLYN NY 11201 ALLEN CARNEY PRESIDENT 1.00 X X 0 0 0 LAUREN ARNOLD BOARD VICE CHAIR 1.00 X X 0 0 0 JIHYE GYDE BOARD VICE CHAIR, THRU 12/1/23 1.00 X X 0 0 0 DORRI MCWHORTER TREASURER 1.00 X X 0 0 0 KEVIN CAVANAUGH SECRETARY 1.00 X X 0 0 0 ANNE AMES DIRECTOR 1.00 X 0 0 0 CHERYL CALL DIRECTOR 1.00 X 0 0 0 RACHEL HUTCHISSON DIRECTOR 1.00 X 0 0 0 DEAN MARSH DIRECTOR 1.00 X 0 0 0 BRIDGET NEIBERGALL DIRECTOR 1.00 X 0 0 0 CHRIS SCALIA DIRECTOR 1.00 X 0 0 0 CONOR SUTHERLAND DIRECTOR 1.00 X 0 0 0 GINA TESLA DIRECTOR 1.00 X 0 0 0 MAGGIE ZHANG DIRECTOR 1.00 X 0 0 0 LEILA M SAAD CHEIF EXECUTIVE OFFICER 40.00 X 223217 0 59943 IHEYINWA O DURU CHIEF OPERATING OFFICER 40.00 X 193063 0 24731 LORI A MURPHY CHIEF PARTNERSHIPS OFFICER 40.00 X 170381 0 39985 CHRISTINA V RENE CHIEF OF STAFF 40.00 X 136314 0 14496 TESSA E VITHAYATHIL DIRECTOR PROGRAMS 40.00 X 122420 0 43728 ALANA FRANCIS DE GOVIA CHIEF PROGRAMS OFFICER 40.00 X 108758 0 29347 CHANNELL V MELLISH DIRECTOR OF MARKETING 40.00 X 100161 0 14496 1054314 0 226726 7 0 1 0 0 260351 260351 OUTSOURCED PRGM MANAGE 541610 3022152 3022152 EDUCATION AND TRAINING 611430 183238 183238 DAYS OF SERVICE 900099 150500 150500 3355890 62381 62381 MISCELLANEOUS INCOME 900099 3751 3751 3751 3682373 3355890 0 66132 75000 75000 710821 314098 308536 88187 1802391 1621948 160037 20406 19140 17834 700 606 242676 217984 24338 354 198919 155477 35599 7843 127504 127504 321246 159504 161742 67250 37563 29687 14671 2196 12475 184199 122183 58605 3411 113951 89065 20393 4493 8301 5697 2604 43026 9807 33219 4025 4025 11034 11034 MISCELLANEOUS EXPENSES 21868 21868 3966022 2828356 1012366 125300 1260612 551177 2517596 2635178 233310 578496 42619 37557 52707 32996 26689 19711 30825 0 4111651 3822119 99415 104661 1037378 1031529 147378 143711 1284171 1279901 X 2804480 2542218 23000 0 2827480 2542218 4111651 3822119 X -283649 -1613 X X 0 1 X 1 0 X 151005 268586 378284 171964 260351 1230190 2415286 2342821 2845870 3604191 3355890 14564058 2566291 2611407 3224154 3776155 3616241 15794248 90500 10000 30947 21628 5000 158075 0 90500 10000 30947 21628 5000 158075 15636173 7209 4501 1431 4455 62381 79977 7209 4501 1431 4455 62381 79977 3751 3751 2573500 2615908 3225585 3780610 3682373 15877976 0.98480 0.98550 0.00500 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52707 32996 19711 19711 ECONOMIC INJURY DISASTER LOAN 143711 143711 X 3682373 0 3682373 0 3682373 3967635 1613 1613 3966022 0 3966022 PART X, LINE 2: COMMON IMPACT, INC. RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 1,613. 1 FREEDMEN'S TOWN COMMUNITY INVESTMENT PROJECT 414 MILAM STREET 3305 HOUSTON TX 77002 932393507 75000 0 GENERAL SUPPORT 1 PART I, LINE 2: THE ORGANIZATION IS ACTING AS THE FISCAL SPONSOR FOR FREEDMEN'S TOWN COMMUNITY INVESTMENT PROJECT. THE ORGANIZATION RECEIVED FUNDS ON BEHALF OF THE CHARITABLE PROJECT WHICH WERE DISBURSED TO THE PROJECT BASED ON A GRANT DISTRIBUTION SCHEDULE. THE PROJECT MAINTAINS INTERIM AND FINAL REPORTS, AS REQUIRED BY THE FUNDING ORGANIZATIONS TO PROVIDE TO THE FUNDER AS TO THE USE OF THE FUNDS FOR THE PROJECT. THE REPORTS INCLUDE A NARRATIVE AND FINANCIAL REPORT ON THE MANNER IN WHICH THE FUNDS WERE SPENT, AND THE PROJECT'S STRATEGIC PLAN FOR THE FOLLOWING YEAR. X X X X 0 0 0 0 0 0 0 1 0 LEILA M SAAD CHEIF EXECUTIVE OFFICER 223217 0 0 0 0 0 1846 0 58097 0 283160 0 0 0 IHEYINWA O DURU CHIEF OPERATING OFFICER 188063 0 5000 0 0 0 3732 0 20999 0 217794 0 0 0 LORI A MURPHY CHIEF PARTNERSHIPS OFFICER 165381 0 5000 0 0 0 0 0 39985 0 210366 0 0 0 TESSA E VITHAYATHIL DIRECTOR PROGRAMS 119070 0 3350 0 0 0 2576 0 41152 0 166148 0 0 0 CHRISTINA V RENE CHIEF OF STAFF 127922 0 5000 0 3392 0 0 0 14496 0 150810 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II) FOR THE APPLICABLE INDIVIDUALS. FORM 990, PART VI, SECTION B, LINE 11B COMMON IMPACT, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE CHIEF EXECUTIVE OFFICER, BOARD AND SELECT BOARD MEMBERS, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTERST POLICY. THE POLICY IS APPLICABLE TO THE DIRECTORS, OFFICERS OR TRUSTTES, AND ANY KEY EMPLOYEES. IF THERE IS AN ACTUAL CONFLICT, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER PRIVATE INTEREST IN AND THE MATERIAL FACTS RELATING TO A PROPOSED TRANSACTION OR ARRANGEMENT TO THE BOARD OR TO THE MEMBERS OF ANY COMMITTEE WITH BOARD-DELEGATED POWERS CONSIDERING THE TRANSACTION OR ARRANGEMENT. THE ORGANIZATION REGULARLY AND CONSISTANTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. EACH YEAR THE BOARD MEMBERS MUST DISCLOSE IF THEY HAVE CONFLICTS TO REPORT. FORM 990, PART VI, SECTION B, LINE 15 COMMON IMPACT LAST REVIEWED ITS CEO AND LEADERSHIP TEAM COMPENSATION IN 2022. IT PARTNERED WITH EXTERNAL CONSULTANT EDGILITY TO REVIEW COMPENSATION PRACTICES. THE COMPENSATION REVIEW PROCESS WAS EMPLOYED FOR ALL POSITIONS AT THE ORGANIZATION, INCLUDING THE CEO AND LEADERSHIP. THE PROCESS INVOLVED THE FOLLOWING: 1) REVIEWING 3 DATA SOURCES (KENEXA COMPANALYST, 990 RETURNS, GUIDESTAR NONPROFIT COMPENSATION REPORT) PLUS PEER ORGANIZATIONS' DATA, 2) ALIGNING ON MARKET BENCHMARKS AND SALARIES, AND 3) DEVELOPING A SALARY STRUCTURE BASED ON TARGETED PERCENTILE. THE LEADERSHIP TEAM AT THE TIME REVIEWED THE RESEARCH DATA AND MADE SALARY ADJUSTMENT RECOMMENDATIONS BASED ON A TIERED SYSTEM FOR ALL EMPLOYEES (INCLUDING THEMSELVES) FOR THE BOARD TO CONSIDER. THE BOARD APPROVED THE FINAL DECISION ON SALARIES, JOB LEVELS, AND TITLES. THE REVIEW BY THE BOARD WAS NOT DOCUMENTED IN ANY OFFICIAL DOCUMENT OR MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF FIXED ASSETS -1,613. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.