Management and IT Consulting
About Impact Makers
Impact Makers is a management and technology consulting company based in Richmond, Virginia. The company provides services in Management and IT Consulting, Program and Project Management, Digital Services, Governance, Risk and Compliance, and Healthcare Solutions. Impact Makers is a for profit company that has gifted its ownership to the community and contributes 100% of its net profits to charities over the life of the company.
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 contributes strategic consulting, and profits, to charitable community organizations.
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 is owned by nonprofit foundations and exists to solely maximize community stakeholder value.
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 the following nonprofit organizations.
- Rx Partnership provides free prescription medication to thousands of low-income, each year.
- Family Lifeline supports children, at-risk families, the disabled and seniors with intensive visitations and counseling.
- FLiPM (Future Leaders in Project Management) provides project management training and to high school students.
- Peter Paul Development Center is a community center in the East End of Richmond, Virginia supports youth, families and seniors, with after-school and senior programs and a community food bank.
What makes us a better company?
B Impact Report
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.
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 Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).
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 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.
|Overall B Score||55|
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 Gifts Company to the Community Go »
- Impact Makers makes the Inc. 5000 list of Fastest Growing Companies for the 4th year Go »
- Impact Makers’ 2014 Highlights and Impact Report Go »
- Inc. Magazine featured Impact Makers in “From Corporate Consulting to Giving Away the Company Profits” Go »
- Governing Magazine Features Two Impact Makers’ Clients Using Kanban Go »
- Fast Company: “You’re Nuts!” Why–And How–Impact Makers Gives Away All Its Profits Go »