What is Team IMPACT?
Team IMPACT operates as a 501(c)(3) nonprofit, driven by a mission to improve the quality of life for children facing severe health challenges. The organization achieves this by drafting these children onto college athletic teams, making them official members from their 'Draft Day' through to their graduation. This initiative aims to provide social, psychological, physical, and academic support, fostering a sense of belonging and resilience. Team IMPACT envisions a future where such team-based support is widely accessible to children navigating adverse medical conditions, thereby significantly enhancing their overall well-being and providing collegiate teams with greater awareness of medical and disease communities.
How much funding has Team IMPACT raised?
Team IMPACT has raised a total of $943K across 2 funding rounds:
Debt
$350K
Debt
$593K
Debt (2020): $350K with participation from PPP
Debt (2021): $593K led by PPP
Key Investors in Team IMPACT
Undisclosed Investor
This entity, identified as PPP, participated in the debt financing rounds, indicating a form of governmental or institutional support crucial for the nonprofit's operations.
Undisclosed Investor
The nature of the 'PPP' investor suggests a role in providing essential capital, likely through loan programs designed to support organizations during critical periods.
Undisclosed Investor
Further details on the specific nature and focus of the 'PPP' investor are not available, but their involvement highlights the importance of diverse funding streams for nonprofit sustainability.
What's next for Team IMPACT?
With the recent strategic investment and the overall capital secured, Team IMPACT is poised to further its impactful work. The enterprise-level financing will likely be directed towards scaling its program, reaching more children and collegiate teams across the nation. This strategic backing is expected to bolster operational capacity, enhance program development, and potentially expand outreach efforts. The continued support signifies a strong belief in the organization's model and its capacity to create lasting positive change in the lives of children and their families, while also enriching the collegiate athletic experience.
See full Team IMPACT company page
