Nexus Impact Center Inc
- Assets
- $289.7k
- Revenue
- $527.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Indianapolis, IN
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-0524812
Organization Overview
Nexus Impact Center Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Nexus Impact Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexus Impact Center Inc 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 12/2022, Nexus Impact Center Inc generated $527.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $505.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMICAL SPACE FOR IMPACT-BASED BUSINESSES AND NONPROFITS TO WORK, MEET AND HOLD EVENTS. ACCOMPLISHMENTS: 28 OF OUR 30 OFFICES WERE LEASED AT YEAR-END. EIGHT WERE NONPROFITS, FOUR WERE SOCIAL ENTERPRISES, AND 17 WERE IMPACT-BASED BUSINESSES WHICH HAVE BEEN EMBEDDING IMPACT INTO THEIR BUSINESS MODELS. IMPACT IS THROUGH EMPLOYMENT, PRODUCT/SERVICES, GIVING AND EQUITABLE SUPPLY CHAINS.
ECONOMICAL OFFICE AMENITIES (MAILBOX, FURNITURE RENTAL) TO LOWER BARRIERS FOR IMPACT-BASED BUSINESSES AND NONPROFITS. ACCOMPLISHMENTS: 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.
SHARED SPACE FOR START-UPS, SOLOPRENEURS AND FREELANCERS TO LAUNCH AND GROW THEIR BUSINESSES. ACCOMPLISHMENTS: WE HAD 108 COWORKING MEMBERS THROUGHOUT 2022 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.
WE HOSTED A COHORT TO BRING TOGETHER DIVERSE BOARD CANDIDATES WITH NONPROFIT BOARDS WHO WERE SEEKING EQUITY AND INCLUSION IN THE BOARD ROOM. INDIVIDUALS DID SELF-STUDIES AROUND EQUITY AND INCLUSION, MET IN MONTHLY ALLY GROUPS FOR SHARED LEARNING AND QUARTERLY AT POWER PLAYS TO START A LONG-TERM POWERHOUSE NETWORK OF DIVERSE PROFESSIONALS COMMITTED TO EQUITY AND INCLUSION IN THE BOARD ROOM, THEREBY CREATING INNOVATION FOR REAL SOCIAL IMPACT. OF THE ORIGINAL GROUP, EIGHTEEN COMPLETED THE PROGRAM AND EARNED CERTIFICATES OF COMPLETION TO GO ON AND IMPACT THE MANY BOARDS THEY DO AND WILL SERVE ON THROUGHOUT THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Lee Executive Director | Officer | 50 | $54,583 |
Bryan Orander Secretary | OfficerTrustee | 1 | $0 |
Derrin Slack Director | Trustee | 1 | $0 |
Jessica Rodriguez Hernandez Director | Trustee | 1 | $0 |
Sundaresh Ramanathn Director | Trustee | 2 | $0 |
Katrina Simmons Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,791 |
| Noncash contributions included in lines 1a–1f | $107,757 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,030 |
| Total Program Service Revenue | $400,026 |
| 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 | $527,059 |
| 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. | $56,511 |
| Compensation of current officers, directors, key employees. | $14,838 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,392 |
| Advertising and promotion | $10,327 |
| Office expenses | $20,111 |
| Information technology | $13,938 |
| Royalties | $0 |
| Occupancy | $251,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,282 |
| Interest | $1,944 |
| Payments to affiliates | $6,839 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,926 |
| Total functional expenses | $505,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,855 |
| 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 | $12,650 |
| Net Land, buildings, and equipment | $144,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,652 |
| Accounts payable and accrued expenses | $2,018 |
| Grants payable | $0 |
| Deferred revenue | $8,427 |
| 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 | $66,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,393 |
| Total liabilities | $97,866 |
| Net assets without donor restrictions | $191,786 |
| 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 | $289,652 |