ImpactV gives agencies one high impact, scalable, cost effective business solution
LOUISVILLE, Ky. (Sept. 6, 2017) – Five Louisville area nonprofits are exhibiting innovation and efficiency, coming together to create ImpactV, a shared services group that will deliver strategic, professional, and highly productive business solutions to nonprofit organizations.
Founding agencies of ImpactV are Family & Children’s Place, Boys & Girls Haven, The Center for Women and Families, Dreams With Wings, and Zoom Group. The agencies, pillars in the community in their respective service areas, have combined budgets nearing $27 million and employ more than 400 individuals.
“While human service agencies have worked together in different ways and for different needs in the past, this is the first time a group of nonprofits have come together to create a single enterprise solution that streamlines the work and in time will cost less and delivers the greatest possible impact from each donor dollar,” said Pam Darnall, president and CEO of Family & Children’s Place.
Family & Children’s place works with children and families hurt by violence and abuse, and neglect; Boys and Girls Haven works with abandoned, abused and neglected children; and The Center for Women and Families provides comprehensive services to individuals and families impacted by sexual assault, intimate partner violence and domestic violence. Dreams With Wings and Zoom Group support individuals with disabilities.
“The board and staff of Boys and Girls Haven are extremely excited to partner on this innovative resource for social impact agencies in our community,” said Jeff Hadley, Boys and Girls Haven CEO. “Our ImpactV founding team brings an entrepreneurial vision to tackling the challenges all charitable organizations face.”
“Dreams With Wings is excited to embark on this unique opportunity!” said Jenifer Frommeyer, executive director. “The board and staff look forward to five well trained teams combining their energy and knowledge. We know this will serve to make us stronger and more viable as we move into the future.”
The name, ImpactV, partners say, embodies the new company’s purpose, delivering professional expertise, best practices, and gold standards, first to the founding agencies’ finance operations and, in the future, other administrative services and to other nonprofits that might contract for services.
“We are challenged to create new ways to lead nonprofits,” said Marta Miranda-Straub, president and chief empowerment officer, The Center for Women and Families. “ImpactV is an innovative, bold and strategic collaboration that will catapult our capacity to develop a strong backbone by which we can sustain our missions.”
“ImpactV brings stability, professional expertise, and band-width to nonprofits, reducing general and administrative overhead, boosting resources available for direct programming,” said Melissa A. Marvel, president and CEO of Zoom Group.
A team from Encore Louisville, a Leadership Louisville Center program, advised ImpactV during the business planning process. Local foundations supporting the founding agencies in this enterprise include the James Graham Brown Foundation, Gheens Foundation, and Lift a Life Foundation.
“The support from Encore and these foundations helped make it possible to create this collaborative enterprise. They understand the opportunities for savings and efficiencies, and we are honored to have their generous support,” said Darnall.
Before the creation of ImpactV, each of the agencies supported individual, full time financial departments. This new enterprise will share resources and funding, reducing costs and risks, improving purchasing power and operating efficiency, while ensuring access to and delivery of high-quality services, furthering collaboration, which leads to even more innovation.
The founding agencies will celebrate the new enterprise from 4 to 6 p.m., Thursday, Sept. 14, at the Zoom Group offices, 1904 Embassy Square Blvd., in East Louisville. Sponsors of the launch party are R.H. Clarkson Insurance Group, Oasis Solutions and Paycom.
# # #