IIF - Impact Innovation Foundation Inc
Where The Innovation Of One Changes The Lives Of Millions
IIF - Impact Innovation Foundation Inc
EIN: 88-1212423
as of September 2023
as of September 18, 2023
Programs and results
What we aim to solve
Social impact startups differ from traditional business ventures as they strive to make the world a better place through their business. Unfortunately, they face barriers that limit their success. Barrier 1: Stereotype There is a persistent idea that only nonprofits can and should solve pressing social issues. Barrier 2: Not Prepared Many social impact startups do not have a business plan or model, which in turn leads to running out of money for those able to secure funding. Barrier 3: No Access To Funding - Usually, impact investors seek more advanced businesses, deeming early-stage social enterprises as too risky. - In 2020, only 2% of all investable assets went to impact companies. - Grants and other public funding is extremely slow, with lengthy application, and reporting requirements that require inordinate amounts of time and resources for compliance. - Accelerator programs need to provide more than just pitch days and mentorship.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Business Education Program
We provide business and social impact education to innovators, entrepreneurs and social impact startups. Four times a year we run our live virtual course where we work with individuals to design and build the planning pieces of their business. The course is intended for those looking to start a social impact company or those who have recently started their own business and are in need of some direction. At the end of this course students will have their business mapped out in a detailed business plan to begin their implementation.
Business Fellowship Program
We provide guidance and support to social impact startups for them go to market, gain traction, create revenue, and prove to future investors that they are not a risk; that they have the experience to manage people and a company with limited resources.
Our six-month fellowship is a continuation of our education program in that it equips and mentors qualified startups and their leaders. At the end of the fellowship, startups walk away with a 12-24 Month Startup Launch Packet customized to their business that provides a detailed weekly guide or roadmap on how to take their business plan and officially launch into the market to begin building traction and create revenue. Prerequisite: Complete our Virtual Education Cohort or submit a completed business plan when applying.
Innovation Fund & Research Program
Social startups can apply for grants, no interest loans, and investments to secure early-stage capital to officially launch, build traction, and begin generating revenue. We combine customized research projects with awards of $50k or greater to document and track the impact of the business.
Where we work
External reviews

Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of new grants received
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
We are starting to apply for grants and raise funds Summer of 2023
Number of people trained
This metric is no longer tracked.Totals By Year
Related Program
Business Education Program
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The
Solution
We provide the guidance, support, education, and early-stage funding for social impact startups to go to market, gain traction, create revenue, and prove to future investors that they are not a risk; that they have the experience to manage people and a company with limited resources.
What are the organization's key strategies for making this happen?
Our strategy is to focus on the five following social impact areas:
1. Climate Change
It is time to get innovative with how to improve climate change to impact the whole world.
2. Education
Focus Areas:
• 21st Century Education
• Quality Education
3. Health
Focus Areas:
• Med-Tech
• EMS
• Emerging Health Innovations
4. Technology for Human Betterment
Focus Areas:
• Emerging Innovations
• Artificial Intelligence
• XR / VR
• Web3
• Spatial Computing
5. Mental Health (Youth)
We are looking for innovations that will support our youth in the area of mental health.
Within these 5 social impact areas we will have our 3 programs:
1. Education Program
2. Business Fellowship Program
3. Impact Innovation Program
(View Our Program Area For More Information)
Within our Innovation Fund & Research Program, IIF has partnered with GatherVerse Ventures to create the Human Capital Initiative (HCI). Collaboration is key in making an impactful and global change. HCI is critical in expanding IIF’s reach in supporting and empowering social impact startups and organizations around the world. HCI is comprise of 2 parts:
Human Capital Community
A community of nonprofits working toward a common goal of providing services, education, and support to startups focused on using technology for the betterment of humankind.
Human Capital Fund
• Provides capital to social impact startups & NGOs
• Allows Leading Nonprofits to provide education and fellowships to startups & NGOs
• Covers the management of HCI
The Human Capital Fund of Impact Innovation Foundation (IIF) aims to raise over $300,000,000 for the first three years to address the urgent and complex challenges faced by social impact startups and organizations worldwide. This substantial funding is crucial to support the growth, scalability, and sustainability of these ventures, enabling them to develop innovative solutions and make a lasting impact on society.
By raising $300,000,000, we can provide financial resources, fellowships, and educational opportunities to empower social impact startups and organizations, fostering a culture of innovation and driving meaningful change across critical areas such as climate change, education, technology, youth empowerment, and the metaverse. Your support in reaching this ambitious fundraising goal will catalyze a wave of positive transformation, amplifying the efforts of social impact entrepreneurs and creating a better future for generations to come.
What are the organization's capabilities for doing this?
IIF's Capabilities for Leading and Achieving Our Goals
1. Extensive Experience: Lead by a team with years of experience in the social impact sector, Impact Innovation Foundation (IIF) has developed deep expertise in supporting and empowering social impact startups and organizations. Our leader's individual track records of successful programs and initiatives demonstrates our ability to effectively address complex social challenges.
2. Strategic Vision: IIF possesses a strategic vision that aligns with the goals of the Human Capital Fund. We understand the importance of providing financial resources, mentorship, and educational opportunities to social impact startups and organizations, enabling them to scale their solutions and create meaningful change.
3. Global Network: Our extensive network of subject matter experts, visionaries, and strategic partners from around the world allows us to access a wide range of resources and opportunities. This network provides valuable insights, connections, and support to the startups and organizations we work with, maximizing their potential for success.
4. Collaborative Approach: IIF believes in the power of collaboration and actively seeks partnerships with stakeholders who share our commitment to social impact. By bringing together diverse perspectives and expertise, we create an ecosystem that fosters innovation, learning, and mutual support.
5. Robust Resource Management: IIF is committed to efficient and effective resource management. We ensure that every dollar entrusted to us is utilized with integrity and transparency, maximizing its impact in supporting social impact startups and organizations.
6. Adaptive and Agile: The ever-evolving landscape of social impact requires adaptability and agility. IIF stays abreast of emerging trends, technologies, and best practices, allowing us to adapt our strategies and approaches to meet the evolving needs of the startups and organizations we support.
7. Impact Measurement and Evaluation: IIF recognizes the importance of measuring and evaluating the impact of our programs and initiatives. We employ rigorous impact assessment frameworks to monitor progress, learn from successes and challenges, and continually improve our strategies and interventions.
8. Commitment to Diversity and Inclusion: IIF is dedicated to fostering diversity, inclusion, and equity within our organization and the social impact ecosystem. By embracing diverse perspectives and experiences, we ensure that our efforts are truly representative and address the needs of diverse communities.
With these capabilities, Impact Innovation Foundation is well-positioned to lead and achieve the goals of the Human Capital Fund. Through our expertise, strategic vision, collaborative approach, and commitment to impact, we are confident in our ability to empower social impact startups and organizations, enabling them to make a lasting difference in the world.
What have they accomplished so far and what's next?
We are currently raising funds to begin our mission and work in 2024.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
Financials
Financial data
IIF - Impact Innovation Foundation Inc
Revenue & expensesFiscal Year: 2022
SOURCE: Self-reported by organization
Revenue | |
---|---|
Contributions, Grants, Gifts | $600 |
Program Services | $0 |
Membership Dues | $0 |
Special Events | $0 |
Other Revenue | $0 |
Total Revenue | $600 |
Expenses | |
---|---|
Program Services | $0 |
Administration | $0 |
Fundraising | $0 |
Payments to Affiliates | $0 |
Other Expenses | $0 |
Total Expenses | $5,715 |
IIF - Impact Innovation Foundation Inc
Balance sheetFiscal Year: 2022
SOURCE: Self-reported by organization
Assets | |
---|---|
Total Assets | $0 |
Liabilities | |
---|---|
Total Liabilities | $0 |
Fund balance (EOY) | |
---|---|
Net Assets | $0 |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO
Diane Tucker
Over the past 15 years Diane has become an expert in scaling and designing business operations across various industries. Led by a heart of compassion and positive attitude, Diane builds and mentors teams that have fun while taking companies to the next level. Her knowledge is paramount in creating the necessary platforms that enable the ability to create streamlined processes and exceptional storytelling that builds branding and creates partner relationships to expand business ventures. Diane is one of the most reliable collaborators in the technology, education, and entertainment industries.
There are no officers, directors or key employees recorded for this organization
There are no highest paid employees recorded for this organization.
IIF - Impact Innovation Foundation Inc
Board of directorsas of 08/16/2023
Board of directors data
Diane Tucker
IIF - Impact Innovation Foundation
Term: 2022 -
Bethany Stasko
Tracey Serio
Jason Weil
Chisom Shitanishi
Diane Tucker
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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? Not applicable
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
Equity strategies
Last updated: 06/23/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.