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Impact Shares Corp

Impact Shares Corp

Frisco, TX
Tax ID47-1726660

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About this organization

Revenue

$812,396

Expenses

$561,314

Mission

The platform's mandate is to partner with leading non-profits to build low-cost equity solutions that are designed to promote collaboration between the investing public, corporate America and non-profits. These solutions are anticipated to be offered in low cost Exchange-Traded Funds (ETFs) built around corporate responsibility criteria designed by non-profits with deep social sector expertise and public brand awareness. Impact Shares successfully build three products intended to build a new channel for retail and institutional investors to use their capital to engage with social causes while earning an equity market return. The grant supported the financial and legal development of three initial funds (The Impact Shares NAACP Minority Empowerment Fund, The Impact Shares YWCA Women's Empowerment Fund and The Impact Shares SDG Global Equity ETF in collaboration with the United Nations Capital Development Fund) and create engagement between the investing public, the private/nonprofits.

About

Launched the SDG Exchange Traded Fund ticker: SDGA. We have raised modest assets. Additionally, we have had over 25 unique articles covering the fund.

Interesting data from their 2019 990 filing

The mission of the non-profit, as stated in the filing, is “The platform's mandate is to partner with leading non-profits to build low-cost equity solutions that are designed to promote collaboration between the investing public, corporate america and non-profits. these solutions are anticipated to be offered in low cost exchange-traded funds (etfs) built around corporate responsibility criteria designed by non-profits with deep social sector expertise and public brand awareness. impact shares successfully build three products intended to build a new channel for retail and institutional investors to use their capital to engage with social causes while earning an equity market return. the grant supported the financial and legal development of three initial funds (the impact shares naacp minority empowerment fund, the impact shares ywca women's empowerment fund and the impact shares sdg global equity etf in collaboration with the united nations capital development fund) and create engagement between the investing public, the private/nonprofits.”.

When referring to its tasks, they were described as: “The platform's mandate is to partner with leading non-profits to build low-cost equity solutions that are designed to promote collaboration between the investing public, corporate america and non-profits. these solutions are anticipated to be offered in low cost exchange-traded funds (etfs) built around corporate responsibility criteria designed by non-profits with deep social sector expertise and public brand awareness. impact shares successfully build three products intended to build a new channel for retail and institutional investors to use their capital to engage with social causes while earning an equity market return. the grant supported the financial and legal development of three initial funds (the impact shares naacp minority empowerment fund, the impact shares ywca women's empowerment fund and the impact shares sdg global equity etf in collaboration with the united nations capital development fund) and create engagement between the investing public, the private/nonprofits.”.

  • The non-profit is operating legally in the state of TX.
  • The non-profit's address for the year 2019 is listed as 2189 Broken Bend, Frisco, TX, 75036 in the filing.
  • The form submitted by the non-profit organization for 2019 reports 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $251,082.
  • The CEO compensation package within the organization is established through a review and approval process by an independent body.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 0 independent voting members.
  • The organization was formed in 2017.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $90,000 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization grants to a related person.

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