Impact Hub Minneapolis St. Paul

aka Impact Hub Minneapolis St. Paul   |   Minneapolis, MN   |  https://minneapolis.impacthub.net/

Mission

Impact Hub Minneapolis St Paul is a membership based coworking and event space dedicated to purpose driven professionals who are working to create a world that works for all. Impact Hub MSP’s mission is to accelerate social impact by: ● Curating experiences that activate economic participation ● Cultivating peer learning and industry-to-industry collaboration ● Building a state-of-the-art physical space for entrepreneurs and innovators ● Connecting to a global network of changemakers as an Impact Hub

Ruling year info

2009

Executive Director

Katie Kalkman

Main address

825 Washington Avenue SE Suite 200

Minneapolis, MN 55414 USA

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Formerly known as

Acara Institute

EIN

27-0540267

NTEE code info

Alliance/Advocacy Organizations (S01)

Alliance/Advocacy Organizations (W01)

Management & Technical Assistance (B02)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Those entrepreneur seeking to make the world a better place have difficulty finding one another and instead often operate in isolation. They need to find one another to build a collective system of support and shared knowledge. They also need specialized business tools and a place to nurture their ideas. Without a supportive environment these innovators loose motivation and their important ideas are not pursued. We live in a time that screams for new solutions to vexing problems. Impact Hub MSP responds by offering support, tools, connections access to business training and more.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

SPACES FOR IDEAS TO GROW

Members and guests can work in the space for hours, days,or all week long. They learn from one another and form experts available at Impact Hub MSP. We provide desks, office support, connections to experts and others pursuing impactful change in the community.

The space and related services allow members to work the way that best meets their needs: a place that hosts events that enable connections to like-minded while working elsewhere; a place to hold customer meetings instead of coffee shops while working out of their home; a place to work in weekly or daily to get work done; an address for their business use with mail access daily; a place to offer their training services; an office for their growing staff; and more. Others may need a well-equipped training space; an event space for larger groups or a location across town to better connect with their customers or members. Impact Hub MSP is now in a space that can meet those needs

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of organization members

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Total active members for some or all of the year.

Number of job skills training courses/workshops conducted

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

All workshops since March 2020 and in all of 2021 were virtual due to Covid. Covid effect the frequency of offerings and attendance levels.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Impact Hub MSP members fall along a continuum related to their ventures:
• Those with ideas for a social business,
• Those who have begun and maybe ready to reassess,
• Those who are growing and need new solutions to cope with challenges
• Those who are seeking to join into an existing social business
They are of all ages, genders and orientations and races. Their businesses may make products or services, but all are intent on making the world a better place by what they create, how they create it and what they do with the profits the business earns.

Outcomes promised to social entrepreneurs and innovators:
1. Strong connections with others to enhance ideas and increase effectiveness
2. Access to entrepreneurial support and resources that make it easier to launch or grow a change making venture
3. Office space, support, and staff training that reduces their administrative costs significantly
4. Opportunities to share their knowledge and expertise, work with other professionals, and find new market opportunities

Outcomes promised to organizations supporting social purpose ventures:
1. More interconnections to enhance the sector in the Twin Cities Minnesota region & reduce redundancy
2. Access to event and meeting space at reasonable and reduced rates including marketing support
3. Connections to a global network of changemakers, expanding the resources available to organizations in this region

1. Membership grows significantly; Members are retained longer & are happy
2. Earned Income grows & new streams of income added
3. Internal operating systems apply best business practices, create quality information for decision-making, are applied consistently, and are easy to use
4. Governance practices move from start-up to growth leadership, from hands on to policy guidance role

Financials

Impact Hub Minneapolis St. Paul
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Impact Hub Minneapolis St. Paul

Board of directors
as of 07/13/2022
SOURCE: Self-reported by organization
Board chair

Kate Dehmer

Michelle Maryns

We Sparkle PBC

Kate Dehmer

FreeWill

Judy Jandro

Community Reinvestment Fund

Miranda Noll

Target Corporation

Terri Barreiro

Cogent Consulting PBC

Archana Shah

Impact Hub New York Metro

Ned Zimmerman-Bence

GogyUp

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 6/22/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.