Healthcare IT and Management Consulting
About Impact Makers
Impact Makers is a management and technology consulting company based in Richmond, Virginia. They are a for profit company but have no shareholders and donate their profits to local, healthcare-related nonprofit community partners. Impact Makers provides consulting services in Management, IT, Project and Portfolio Management, Digital and Governance, Risk and Compliance.
Impact Makers and B Lab have a shared mission to generally promote social purpose organizations. Both organizations are creating innovative ways to insert and enforce the social mission of corporations into the founding principles of organizations. Impact Makers has a unique "hybrid" social enterprise model that goes beyond the already rigorous requirements of all B corporations − Impact Makers does not have any equity ownership (no shareholders) and exists to solely maximize community stakeholder value.
Impact Makers transforms economic value into social value for their community. Specifically, Impact Makers is innovative in that it provides professional services at market prices, competes with other firms to win business, pays market salaries to its employees, has a volunteer Board of Directors and books open to the public, and contributes strategic consulting, and profits, to charitable community organizations.
The Change We Seek®
Impact Makers’ vision is to transform the way businesses support employees and communities, and to proliferate their business model to achieve this lofty goal. Their specific model turns profits into wealth creation for the community rather than for shareholders.
In addition to contributing profits to their community partners, Impact Makers encourages its employees to support nonprofits by spending part of each week working with their partner organizations, or any community organization they prefer, while being paid by Impact Makers. In this way, their support and partnership with local nonprofits deepens well beyond the fiscal support the company supplies and provides the opportunity for employees to make a personal impact on the community.
They are proud to be partnered with Rx Partnership (www.RxPartnership.org), an innovative nonprofit that provides free medication to thousands of low-income, uninsured Virginians each year. Rx Partnership creates a streamlined and cost-effective process that helps connect pharmaceutical companies to free clinics and community health centers in Virginia, resulting in the shipment of free medication for eligible, uninsured people who need it for the treatment of many chronic conditions like diabetes and high blood pressure. In 2012, Impact Makers’ financial and in-kind contributions to Rx Partnership resulted in more than 9,954 free and vital prescriptions for 1,851 uninsured people in Virginia. Additionally, they provided pro bono technical support and strategic consulting.
Impact Makers is also partnered with Family Lifeline (www.familylifeline.org). Family Lifeline provides programs for children’s health and prevention. In 2012, more than 90% of participating children had a doctor and dentist, received all recommended immunizations and were routinely screened for developmental delays. Impact Makers also provided pro bono consulting in leadership coaching and the development of a change leadership process.
What makes us a better company?
B Impact Report
The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.
The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.
The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.
The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.
|Overall B Score||80|
80 out of 200 is eligible for certification
*Of all businesses that have completed the B Impact Assessment
*Median scores will not add up to overall
Environment: >50% of all office supplies come from recycled materials
Employees: Health insurance is 100% paid for all full-time employees, >5% net profits included in bonus plan, 6+ weeks of maternity and 2+weeks of paternity leave offered
Community: 100% of profits given to charity, >60% local suppliers, >50%employees work in low-income communities, >75% employees took paid time off for community service last year
Leadership: The board chooses charitable partners (secular, apolitical, charitable 501c3s), assists with business development and leads volunteer committees.
- Impact Makers Ranks 514th on the 2013 Inc. 500|5000 with 3-Year Growth of 887% Go »
- Impact Makers 2012 Highlights and Impact Report Go »
- Governing Magazine Features Two Impact Makers’ Clients Using Kanban Go »
- Impact Makers Ranks 360th on the 2012 Inc. 500|5000 with 3-Year Growth of 1,030% Go »
- Fast Company: “You’re Nuts!” Why–And How–Impact Makers Gives Away All Its Profits Go »