Building On Your Core Strength

Building on our Core Strengths

Net Impact 2006 Year in Review

NI NET IMPACT

Board of Directors Teresa Whalen LeFevre Board Chair Supplier Diversity Development Manager, Federal-Mogul Corporation

Table of Contents

Jonathan Carson Chairman and CEO, cMarket Marcus Chung Senior Manager, Social Responsibility Strategic Planning & Communications, Gap, Inc.

2006 Year in Review.........................................2

Michael Fields Sr. Community Relations Manager, Booz Allen Hamilton Bethany Heath Senior Manager, Corporate Responsibility, Chiquita Brands Kellee James Economist, Chicago Climate Exchange

The Network........................................................3

The Conference..................................................5

Cleveland Justis Executive Director, Headlands Institute Bob Langert Vice President, Corporate Citizenship & Issues Management, McDonald’s Corporation Jo Mackness CSR Integration Leader, Corporate Social Responsibility, Ernst & Young, LLP Kellie McElhaney Adj. Asst. Professor, John C. Whitehead Distinguished Faculty Fellow; Executive Director, Center For Responsible Business, Hass School of Business, UC Berkeley

Member Education and Career.....................7

Members as Change-makers........................9

Members in the Community........................11

Ben Packard Director of Environmental Affairs, Starbucks Coffee Company Lynelle Preston Board Secretary Director of CSER Marketing and Strategy, Hewlett-Packard Company Will Rosenzweig Board Vice Chair Managing Director, Physic Ventures

Communicating our Impact.......................13

Organization......................................................15

Jim Schorr Board Treasurer Executive Director, Juma Ventures Anita Sharpe Co-Founding Editor, Motto Magazine

Financials............................................................17

Valerie Cook Smith Vice President, Environmental Affairs, Citigroup Gene Takagi Attorney, Law Office of Gene Takagi John Wood Founder and CEO, Room to Read

1

Advisory Council

Dear friends and colleagues,

2006 Year in Review

2006 was an exciting year for Net Impact. While in 2005 we focused on laying the foundation for our organization after becoming an independent 501c3 nonprofit, in 2006 we were able to take the organization and our programs to the next level. Our overall membership grew 17%, with member ratings of Net Impact programs and services growing as well. Our chapter network grew, netting 19 new chapters, including 9 international chapters. We strengthened our member value proposition, with new educational and career resources. We helped to expand our network impact through two campus change initiatives and laying the foundation for a workplace change project. We added two additional staff members, six new Board members, and launched an Advisory Council. And finally, we held another inspirational and sold-out conference with the Kellogg School of Management in Chicago, IL. We also ended the year on solid financial footing, coming in slightly under budget while exceeding revenue projections. We continued to diversify our funding by adding six new corporate sponsors to our network, doubling our dollars raised through individual philanthropy, and adding another earned revenue stream to the mix with job posting fees. In the following report, we have outlined both major accomplishments and where we will focus on improving for 2007. Our goal is to present an honest evaluation of work; while proud of our successes, we strive to continually grow and improve. We invite any comments or questions on this report and our plans for 2007 to [email protected].

Judith Samuelson Board Chair Emeritus Executive Director, Business and Society Program, The Aspen Institute Anne Marie Burgoyne Director, Draper Richards Foundation Woodrow Clark Senior Fellow, Milken Institute; CEO/Managing Director, Clark Communications, LLC Chip Conley Founder, Chairman, and CEO, Joie de Vivre Hospitality Jed Emerson Senior Fellow, Generation Foundation David Gershon Standard & Poor’s Healthcare Economics and Policy Advisor, Industry Leader, Empowerment Institute Joel Makower Founder, GreenBiz.com Judith Katz Executive Vice President, The Kaleel Jamison Consulting Group Maisie Greenawalt Director of Communications & Strategic Initiatives, Bon Appetit Management Company Seth Goldman Co-Founder and Tea-EO, Honest Tea R. Paul Herman CEO & Founder, HIP Investor

Additionally, if you would like to speak with someone about supporting our work - either personally, or by involving your company - please call Liz at 415 984 3300.

Lloyd Kurtz Senior Portfolio Manager, Nelson Capital Management

Thank you for your interest in Net Impact!

Steven Lydenberg Chief Investment Officer, Domini Social Investments LLC

Sincerely, Liz Maw Executive Director

Teresa Whalen LeFevre Board Chair

Dave Stangis Director, Corporate Responsibility, Intel Corporation Robin Ratcliff Vice President, Special Assistant to the President, ACCION International Marcello Palazzi Member of the Board, Tallberg Foundation

2

Net Impact members network at the 2006 Net Impact Conference

2006: Building on our Core Strengths

The Network

Net Impact’s mission is to make a positive impact on society by growing and strengthening a community of new leaders who use business to improve the world. Growth is an important part of our mission, and our most important growth metrics are dues-paying members and chapters. In 2006, we grew dues-paying membership by an overall 17%, from 3,180 to 3,731. After cleaning out member records with no activity before mid 2005, our overall membership numbers remain slightly over 10,000. There were two major areas we sought to improve in 2006, based on analysis of our member retention and member feedback. One was our focus on new members: we heard that some of our newer members were not aware of all the benefits and opportunities membership in Net Impact offers, and thus we implemented new member orientation calls and check-in emails. In addition, the team increased our internal focus on member service. Member service training is now a core part of staff orientation, and a priority focus of our team. Our chapter network also grew significantly in 2006, with a net gain of 19 chapters, including 9 international chapters. Our team focused not only on chapter growth, but also on strengthening resources for existing chapter leaders. This included new chapter leader orientations, improved and enhanced web resources, and a leadership training session at the annual conference. In 2006, we also identified key opportunity areas for growth and improvement. The first opportunity is the upgrade of graduating students to professional members. Last year, we converted 12% of graduating students to dues paying professionals; our goal for 2007 is 17%, which we are planning to do through a membership special appeal, targeted outreach, and analysis of our professional value proposition. We are also looking to build our chapter network in less represented regions, specifically in the US Southeast (home to the 2007 Conference in Nashville, TN) and internationally.

2006: What Worked Well

2007: Where We Can Build

• Chapter and member growth of 17% • Chapter leader rating of Net Impact responsiveness

• International value proposition • Member rating of Net Impact staff member service • Conversion of graduating students to professional members

• Increased chapter support

3

2006: NEW CHAPTERS

NET IMPACT 2006 INTERNATIONAL CHAPTERS

Athens Professional Bangladesh Professional Baruch College Columbia University - SIPA Copenhagen Business School ESSEC Fordham University Hanken: Swedish School of Economics and Business Administration IMD Lausanne INCAE Instituto de Empresa (re-launch) London Professional Marywood University Minneapolis Professional Norwegian University of Science and Technology (NTNU) Nottingham University Orange County Professional Purdue University Salt Lake City Professional Santa Clara University Seoul Professional South Florida Professional University of Alabama University of Geneva University of Kansas University of San Diego

Manchester

Nottingham

Rotterdam

Trondheim Helsinki Copenhagen

Toronto London Montreal Paris Fontainebleau

Edmonton Vancouver

Madrid

Geneva Berlin

Seoul Bangladesh

Barcelona Athens

Bangkok

Alajuela

Hyderabad

Melbourne

NET IMPACT 2006 U.S. CHAPTERS WA MT

ME

ND MN

OR

ID WI

SD

NY

MI

WY

UT

PA IL

CO

KS

CA AZ

University of Michigan - The Stephen M. Ross School of Business

RI

IA

NE

NV

Chapter of the year award Recipients

OK NM TX

AK

OH

IN

VA

KY SC AL GA

LA FL

University of California, Davis Graduate School of Management

HI

NET IMPACT Chapter Growth 134 115

100

92

37

39

45

47

59

64 Student U.S.

26 16 6 0 1993 1994 1995

1996

1997 1998

Professional International Professional U.S. Student International

83

50

MD

NC

TN AR

Pepperdine University - Graziado School of Business and Management

52

NJ DE

WV

MO

MS

Yale School of Management University of North Carolina Kenan-Flagler Business School

150

VT NH MA

1999 2000 2001 2002 2003 2004 2005 2006

4

KEY

Student Professional

100% of the top 30 MBA programs as ranked by U.S. News & World Report in 2006 have Net Impact Chapters

Andy Lock, Executive Vice President and Chief Administrative Officer of Herman Miller, Inc. delivers a keynote address

2006: Building on our Core Strengths

2006 nET iMPACT

cONFERENCE The 2006 Net Impact Conference, held in October at the Kellogg School of Management and in Chicago, IL, featured inspirational keynotes, a dynamic curriculum, and a Saturday night reception in Chicago’s historic Union Station. For the first time, Net Impact offered a professionals-only curriculum, with keynote speakers and panels designed for and by Net Impact professionals. The Conference theme, chosen by student leaders at the Kellogg School, was “Navigating Global Change,” reflecting the Conference’s intention to help attendees navigate their future impact on the world. Conference goers told us that the Conference inspired them to change the world: “this year’s Net Impact Conference at Kellogg confirmed my resolve to seek out employment in a company where I can use business for positive change in the world upon graduation. Meeting with like-minded people was an invigorating experience that added to my personal momentum going forward.” - 2nd year MBA student, York University In planning for the 2006 Conference, we faced a difficult problem – how to maintain capacity from 2005. The Kellogg School, selected as the 2006 host before our 2005 Conference sold out, had excellent but slightly smaller facilities than our 2005 host, and we found our capacity to be capped at 1,000. We decided to undertake the difficult task of adding a separate venue for professionals. While many professionals enjoyed the advanced curriculum, others told us that they missed the student energy, and many told us that the logistics of venues in both Evanston and Chicago were too difficult. Our choice of venues for the 2007 Conference in Nashville reflects that feedback, with a more centralized location and larger capacity.

2006: What Worked Well

2007: Where We Can Build

• Curriculum and keynotes • Professional focus

• Higher capacity after three years of sell-out • Smoother logistics • More interaction between professionals and students

5

75%

Keynote Speakers Andy Lock Executive Vice President and Chief Administrative Officer, Herman Miller, Inc. Hunter Lovins President, Founder Natural Capitalism, Inc.

of Members polled reported that their participation in the 2006 Net Impact Conference increased their commitment to the Net Impact network

Maria Otero President & CEO, ACCION International Barry Salzberg Managing Partner, Deloitte and Touche USA Bobbi Silten Chief Foundation Officer, Gap, Inc.

Capstone Speakers Janet Froetscher President and CEO, United Way of Metropolitan Chicago Sheryl O’Loughlin CEO, Clif Bar & Co. Desiree Rogers President, Peoples Gas and North Shore Gas Richard Sandor Chairman and CEO, Chicago Climate Exchange, Inc. Alan Webber Co-Founder, Fast Company

“

In my career I’ve attended more than enough conferences and have organized a number of large ones. I can tell you without reservation that the Net Impact conference was exceptional — from the outstanding program to the very thoughtful care you provided speakers.

John Wood Founder and CEO, Room To Read

”

- 2006 Net Impact Conference speaker

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Two of our leading membership drivers are our career services and educational offerings. In 2006, we significantly enhanced both. To improve our educational offerings, we launched a redesigned Learning Center that is updated weekly with news and resources on corporate social responsibility, social entrepreneurship, international development, environment, and more. We also launched a call series entitled “Issues in Depth,” which invited accomplished professionals to speak to groups of members about their company, career path, or industry. Over 850 members participated in these calls, and provided us with outstanding feedback on this unique benefit. Our team invested significant time in building our member career resources. We upgraded the functionality and design of our career website, increased the number of job and internship postings by 42% from 2005, and developed new resources such as a career handbook. Members continue to demand more and more recruiting opportunities through us, and the team is focusing on building the number of job postings and recruiting companies at the conference Career Expo.

2006: What Worked Well

2007: Where We Can Build

• New member benefits of Learning Center and Issues in Depth calls

• Even more job postings

• Improved career technology • More job postings • Increased support for career services through job posting revenue

MEmber education

and career 2006: Building on our Core Strengths

Conference attendee gets information from a recruiter at the 2006 Net Impact Career Fair and Expo

7

“

42%

If you are looking for MBA backgrounds for social sector positions, Net Impact is the most efficient place to find candidates.

”

Increase in the number of jobs posted on the Net Impact Job Board from 2005 to 2006

- Partner, nonprofit consulting company

topics and Speakers: Sample Issues in DeptH calls A Social Enterprise Conversation

Careers in CSR

Seth Goldman

Atlanta McIlwraith

Honest Tea

The Timberland Company

Change Management

Creating an authentic CSR Message

Barbara Waugh

Marcus Chung

Hewlett-Packard

Gap Inc.

The High-Purpose Company

Internet Giving and the New Face of Philanthropy

Christine Arena

Dennis Whittle

Author and Corporate Strategist

Global Giving

Marketing and Company Culture

Marketing that Matters

in Social Enterprise

Eric Friedenwald-Fishman

Chip Conley

The Metropolitan Group

Joie de Vivre Hospitality Maximizing Returns and Minimizing Risks:

Organic Food

Using Market Intelligence to Succeed in

Sam Fromartz

Developing-Country Business

Author of Organic, Inc.

Brooke Patridge Vital Wave Consultants

“ 851

The Learning Center has been an excellent resource for me: an expansive amount of information, all readily available at one convenient portal. Thank you for sharing this great library of information! - Professional member

Members registered to participate in Issues in Depth Calls in 2006

8

”

Conference attendee participates in a Net Impact Conference panel discussion

2006: Building on our Core Strengths

MEmbers as

change-makers Net Impact members are leaders, entrepreneurs, and change-makers. In 2007, we identified a number of key opportunities to provide members with the inspiration, structure, and community to create change in their campus or workplace. We launched two programs for graduate students: the Campus Greening Initiative and the Curriculum Change program. Over 30 schools participated in one or both programs, with students identifying specific, measurable goals to green their campuses or influence their curriculum. Having a structured, community of change-makers, tips, and best practices in place inspired many students to achieve progress on their campuses; a report on specific outcomes will be available summer 2007. Last year, we also set the groundwork for a program for professionals called “Impact at Work.” This program inspires and supports professionals who are not directly responsible for corporate citizenship in their job function, but who are interested in helping their company to be more socially or environmentally responsible. In 2006 we acquired seed funding for the program from the Levi Strauss Foundation, as well as sponsorship for a contest from Seventh Generation and Office Depot, and our team set the stage for a successful launch in the first quarter of 2007.

2006: What Worked Well

2007: Where We Can Build

• Launch of Campus Greening and Curriculum Change programs

• Capturing results and success stories • Implementing Impact at Work for professionals

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77%

Meet Member Diana Rothschild

Second year MBA Stanford Graduate School of Business

Bio

Members who say they are currently changing the world through business

Diana first became interested in socially responsible business while working at WalMart in Arkansas as a Global Supplier Development Profiler. After analyzing the global business of Wal-Mart’s top suppliers and developing strategic and financial business plans with top management teams, she had an epiphany. “What would happen if companies in Arkansas got it? What if they understood they could make a socially responsible and environmental impact? And what if they could make money doing it?” She brought her thoughts to the CFO of Wal-Mart, Tom Schoewe, the next week. He loved the idea, and offered to put her in touch with the CEO regarding a project to understand Wal-Mart’s environmental impact. While she was able to make a difference in this role, helping Wal-Mart reap the business and environmental benefits of sourcing organic cotton, she felt with an MBA she could make an even bigger impact. In 2005, Diana enrolled at the Stanford Graduate School of Business to learn how to make environmental and socially-sustainable business models work as a holistic measure of corporate strategy.

Upon graduation in Spring of 2007, Diana plans to work as a Sustainability Business Consultant at Blu Skye Sustainability Consulting. Says Diana “I’d love to help market leaders gain competitive advantage by thinking about their business model through an environmental and social sustainability lens; I want to help them understand why their current business models won’t be rewarded in the same way in the future, and find innovative solutions to flip it upside down.”

How has net Impact helped you to magnify your impact?

How are you using business to better the world?

“I’d already met a great group of people at school, but the 2005 Net Impact Conference made me realize that the movement was a lot larger. Then, it showed me that there are many avenues to go about finding change. I had an amazing career coaching session at the 2006 Net Impact Conference and realized that consulting was what I wanted to do. Net Impact is a platform that allows people to realize what they’re passionate about. Net Impact shows people how to make changes in their everyday jobs, and shows companies that change is possible.”

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A Net Impact member speaks up at the 2006 Net Impact Conference

2006: Building on our Core Strengths

MEmbers in

the community Net Impact continued one of our core programs, Service Corps, in 2006, inspiring almost 200 Net Impact members to work in teams providing pro bono consulting to local nonprofit organizations. In 14 cities throughout the U.S. , members helped local nonprofits to develop business plans, strengthen their marketing outreach, and improve program operations. One example from Philadelphia, PA, is a team of seven of our members who worked with the Friends Neighborhood Guild on a marketing and branding strategy project. The Guild was thrilled with the project: “it was wonderful to get a fresh perspective on our marketing and branding strategy.” The volunteers also benefited from the experience, with one commenting that “participating in the Service Corps project was a highlight in my MBA education. The project offered an opportunity to apply my experience and classroom learning to a real world situation and, at the same time, to feel good about helping a worthy nonprofit in my area.” We also started a program called Board Fellows that gives members an alternative to the time-intensive, group projects of Service Corps. Modeled after successful Board Fellowship projects at a number of leading business schools, Board Fellows places members on nonprofit boards as non-voting members who conduct a special project for the organization. In 2006, we piloted Board Fellows with 2 chapters, setting the stage for roll-out to up to 10 in 2007.

2006: What Worked Well

2007: Where We Can Build

• Increasing volunteer satisfaction with the program • Building our library of best practices and deliverables

• Changing the timeline to better meet nonprofit needs • Growing Board Fellows after pilot phase

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“

Bianca Philippi Creative Insights

When I first volunteered with Service Corps, most of my professional clients were corporate and I was unsure of how to make the transition to the nonprofit sector. Service Corps allowed me to explore the nonprofit world and cross that bridge, without having to make a huge financial investment or time commitment. Service Corps has played an integral role in helping me achieve my objective of creating a completely values-based business. Because my experience as a Service Corps volunteer was so eye-opening and meaningful, I wanted to help provide a similar experience to others. Serving as a Service Corps City Manager in Los Angeles for the past two years has continued to be an opportunity for personal and professional growth. I enjoy doing outreach on behalf of Net Impact. It’s given me entry and exposure to a host of programs going on around the city, from universities to nonprofits as well as corporations. Being able to see the incredible work that so many nonprofit organizations, social entrepreneurs, and partners across sectors are doing throughout the city is exciting to share with Service Corps volunteers and learn about as a consulting professional. It’s a lot of fun to match up students and professional chapter members with organizations that would greatly benefit from their skills and experiences. Service Corps is also a networking opportunity as much as it is a professional development opportunity for Net Impact members. Being able to connect people and organizations through Net Impact has been very rewarding. A lot of people’s lives are impacted in positive ways through this program.

”

Service Corps Project Types

Service Corps 2006

14 44 29

New Program Development Volunteers research and recommend sustainable revenue-generating models, analyze funding options, review support materials, and create presentation materials for products and services

Cities in the U.S.

Nonprofit projects completed

Market Analysis Participants review the competitive landscape, assess trends, and make recommendations for improvements to programs Brand Audit Volunteers assess how current marketing materials reinforce the brand and recommend messaging changes to more effectively communicate a desired brand identity

Net Impact chapters participated

12

Last year, we realized that while our organization and network were active and thriving, we were not fully communicating the excitement and dynamism of Net Impact. Starting the year by hiring a marketing and communications team member, we made strives in improving the professionalism and look and feel of our materials, website, and newsletters. We also had a more robust press outreach strategy, resulting in an increase of press mentions from 6 in 2005 to 12 in 2006. We received in-kind advertising donations from media sponsors worth $70,000, an increase of 75% from 2006. In addition, Net Impact authored and released two publications designed to bring our member and stakeholder opinions to the forefront. The first, Business as UNusual: The 2006 Net Impact Student Guide to Graduate Business Programs, is a 120-page compilation of student feedback on how their graduate business programs are doing in addressing social and environmental topics through curriculum, career services, and extracurricular clubs. The second, New Leaders, New Perspectives: A Net Impact Survey of MBA Student Opinions on the Relationship between Business and Social/Environmental Issues, surveyed over 2,100 MBA students to measure current perspectives on the role of business in society, how business schools are doing at preparing future values-based leaders, and MBA’s interest in finding socially responsible careers. The findings were encouraging: see page 14 for examples. For a summary of results, see www.netimpact.org/publications. There were over 2,300 downloads of Business as UNusual directly from our website. We have heard from many faculty members that New Leaders, New Perspectives helped them to build the case for student interest in Net Impact themed curriculum. We are already building on the 2006 results with plans for a more in-depth analysis of MBA Perspectives, as well as a similar survey conducted with undergraduates in the first quarter of 2007.

2006: What Worked Well

2007: Where We Can Build

• New publications and reports • Improved design and content of publications • Increase in press hits

• Website usability study • Email analysis tool

Communicating

our impact 2006: Building on our Core Strengths

Attendees exchange information at the 2006 Net Impact Conference

13

60% “

Business as UNusual is the guide I wish had existed when I applied to business school. Thanks for putting it together!

Increase in web page views from 2005 to 2006

”

- Professional member

Key Results from New Leaders, New Perspectives MBA Survey

78% on MBAs agree with the statement that CSR (corporate social responsibility) should be integrated into core (required) business school curriculum

79%

of all respondents say that during their career they will seek a job that is socially

responsible

81%

of MBA students think that business professionals should take into account social and

environmental impacts when making business decisions

81% of students surveyed who are interested in Net Impact believe that businesses should work towards the betterment of society such as a healthier environment, the eradication of poverty, and other societal issues

Only

24%

of students believe that most corporations are currently working towards the

betterment of society

2006 Media Sponsors

Sustainable Industries Journal

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Top row: Andrea Schuenke, Jon Overnan, Will Morrison, William Critzman; middle row: Dara Kosberg, Abbey Banks, Abby Monroe, Andi Davids, Alejandra Villalobos, Liz Maw; front row: Karin Cooke, Felice Espiritu

2006: Building on our Core Strengths

Organization Staff We added two new staff positions in 2006, retained 100% of our full-time staff from 2005, and welcomed four new AmeriCorps*VISTA volunteers and four interns over the course of the year. The achievements above are due in large part to the fantastic work of the following staff members in 2006: Renee Baiorunos, Abbey Banks, Karin Cooke, William Critzman, Andrea Davids, Felice Espiritu, Kristen Haynes, Tiffany Liu, Sara Martinez, Liz Maw, Ryan McVay, Abby Monroe, Dara Kosberg, Billie Morrow, Sean O’Driscoll, Lars Olson, Jon Overman, Emily Schroeder, Lindsay Schedeler.

Governance Our Board of Directors grew in 2006 from 13 to 19. We are privileged to have leaders in the for-profit, nonprofit, academic, legal, and media fields as Board Members; a full list of Board members is found on page 1. In 2006, we also launched an Advisory Council, a body of advisors interested in providing expertise and connections to Net Impact. This list is found on page 2.

Walking the Talk We strive to ensure that our office environment and culture adheres to the values of our network. In 2006, for the first time Net Impact went carbon neutral! Our downtown San Francisco location is such that no staff drive to work, and we conserve and recycle where possible. We also invest in the training of our staff through internal trainings and outside workshops. In addition, our team annually completes a service project for a local nonprofit organization. At the end of 2006, we formed an Office Culture / Environment committee to get a wide range of team members involved in planning activities and events to create an enjoyable, productive, and inclusive culture for all.

Strategy 2006 marked the first of three years in our current strategic plan. The plan was created as a living document, and at the end of 2006, the Board and staff evaluated our progress to date and updated the strategy as appropriate. We are pleased to see that we are on track with our metrics and accomplishments, and believe we are poised to fulfill the plan objectives in the next two years.

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sTRATEGIC pRIORITIES 2006-2008

Net Impact’s mission Increase member engagement and impact

is to make a positive impact on society

Expand the member lifecycle

by growing and

Build inclusive, diverse and international network

strengthening a Build relationships with key Net Impact

community of new

stakeholders outside the membership

leaders who use

Diversify and increase funding sources

business to improve

Contribute to broader social change through

the world.

raising awareness, building our brand, and thought leadership

“

Guiding Strategy: Theory of Change

I think your central Net Impact office is one of the best-run organizations I’ve ever had the privilege of working with. E ve r y t h i n g i s p ro fe ss i o n a l , organized, and responsive to member needs - and you all seem to go out of your way on a regular basis to anticipate more needs. So when your question of “what else can we do?” is met with a lot of silence, I think it may in part be an indication that you’re already doing an amazing job.

Equipping members for impact

Inspiring ideas, collaboration, and action

Members

Broader Social Broader social Change change

”

- Lifetime Net Impact member Building a global network of change makers

16

2006: Building on our Core Strengths

Financials Our fundraising and revenue generation was strong in 2006. We came in under budget and slightly exceeded our revenue goal, ending the year with a cushion of $115k, or about 12% of budget. We increased our number of corporate sponsors from 10 to 16, with a 90% retention rate from 2005, and we received support from a number of foundations. 100% of our Board of Directors and 100% of our full-time staff members made personal donations to Net Impact in 2006. We also received donations from our Advisory Council as well as dedicated Net Impact members. The full list of donors follows.

ASSETS Cash / Liquid Assets Property and Equipment Net Pre-paid Expenses Sponsorship receivables Grant receivables

TOTAL ASSETS

$607,876 $11,901 $25,000 $32,500 $135,000

$644,777

LIABILITIES AND EQUITY Accrued Vacations Designated Chapter Funds Unearned Grant Income: Cash Received TOTAL LIABILITIES FUND BALANCE (EQUITY)

TOTAL LIABILITIES & EQUITY

$11,207 $8,695 $126,000 $145,902 $498,875

$644,777

REVENUES Foundation grants Individual Contributions Sponsorship / Corp Contributions Career Revenue Membership Income Conference Registration Other

$230,000 $15,645 $301,039 $26,146 $155,453 $300,937 $7,645

Payroll & Fringe Consultant/Prof Services Occ & Opp I/T Direct Program Expenses

$492,895 $19,248 $83,178 $47,156 $279,769

Total Cash Out Net Cash In (Out)

$922,245 $114,619

TOtal Cash In Cash Out

$1,036,864

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Net Impact Donors INDIVIDUAL DONORS Shilpa Andalkar Wade Armstrong Abbey Banks Carolyn Beia Andy Berliner Eric Bleitz Charles Bradley Jay Brandeis Brandon Buckner Anne Marie Burgoyne Jonathan & Diana Carson Bharath Chandar Linda Cheng Marcus Chung Jennifer Churchill Karin Cooke William Critzman Adarsh Das Maryline Daviaud-Lewett Edward Eisenman Kirsten Ekdahl Michael Fairchilds Allison Fansler Michael C. Fields Daniel Flanagan Dmitry Fokin Andy Frost Seth Goldman Jeff Gowdy Jan Gravemaker Morlee Griswold Bethany Heath Daniel Henderson Paul Herman & Gayle Keck Arnold Hiatt Michael Hirschhorn Sue Igoe Jamie Iosue Kellee James Cleveland & Rachel Justis

Hadar Kramer Martin Ku Cynthia Kutka Bob Langert Teresa LeFevre June Liang Trevor Lobo Steve Lydenberg Ranald Macdonald Jo Mackness David Matsu Liz Maw Kellie McElhaney Jordan Michel Abby Monroe Deborah Neff Jesse Nishinaga Michael Niyompong Julie Obbard Charmaine Ong Jon Overman Ben Packard Richard Perl Joshua Polasky Caroline Pollak Lila Preston Lynelle Preston Marilyn Raffensperger Patricia Riedl William Rosenzweig Jenny Schmidt Jim Schorr Pamela Scovill Garima Sharma Anita Sharpe Catherine Sheehy Valerie Smith Todd Steiner Stephanie Stern Robert Strand Gene Takagi

Jennifer Taylor Hovig Tchalian Eleanor Tesoro Senoe Torgerson Luca Torre Sonya Waitman Eric Weaver Heather Webb John Wood Jessica Droste Yagan Douglas Young Lifetime Members Mark Albion Waqar Ali Jason Anderson Mark Anderson Abbey Banks Peter Banks Brendan Bechtel Christophe Behr Jem Bendell Brigid Bergin Andrew Berman Elizabeth Boomgard Krista Bradford Jamesa Brown Glenda Bye Grant Campany Jonathan Carson Brian Cayce Deepa Challa Jennifer Chavez Jacqueline Chu Karin Cooke Jesse Cool Robin Cutler Cheryl Davie Gina Del Vecchio Iddo Dror

Neil Dunn Sandy Eapen Jessica Elengical Ellie Esty Annik Fet Ian Fisk Jared Fletcher Chris Gaskell Karen Geiffert Alec Gizzi Rachel Grainger Jonathan Greene David Guendelman Cecilia Haskins Bethany Heath Corey Jamison Melissa Jones Arie Jongejan Christina Keller Satkartar Khalsa Amy Koo Sara Krenicki Adam Kretowicz Sarosh Kumana Hainz Landau Robert Langert Alex Lavidge Molly Lavik Teresa LeFevre Mary Letson Lorrie Loverman Chau Ly James Macon Carolyn Mattick Elizabeth Maw Jason McBriarty Kellie McElhaney Stephanie McGillivray Susan McLaughlin Cory Mehalechko Monisha Merchant

Quentin Messer Alexis Morgan Linda Mullen Ben Packard Nivi Padhy Sverre Panduro David Parker Jennifer Parks Peter Patch Michael Payne Michael Pearce Betsy Peters Tom Petersen Lila Preston Chris Rezek Srikumar Rao Richard Robbins Rosnel Rodriguez John Rogers Gregg Rosenthal Margaret Ross Kevin Salwen Arthur Scott Paul Selby Michael Seo Graham Sinclair Lori Sitko Suzanne Steffens Blake Stephenson Tambra Stevenson Kamael Sugrim Onur Tekinturhan Keith Timko Melvin Tobaru Kevin Triemstra Melissa Tritter Joanne Van Vlack Lisa Voss William Weihl Sanjay Wagle Claudia Weiss

Felix Wolfinger Christopher Wong Grace Wong Jean Woo Danna Zhu Robert Ziel In-Kind Donors Aspen Institute Brown-Forman Corporation Clif Bar & Co. Corazonas Foods Ethos Water Honest Tea The Natural Dentist Random House, Inc. Schedeler&Company Stonyfield Farms Sweetriot Templeton Design Waste Management Foundation Support WK Kellogg Foundation Price Institute for Entrepreneurial Studies Alfred P. Sloan Foundation Gordon & Betty Moore Foundation Levi Strauss Foundation Saga Foundation The Broad Center The Surdna Foundation

Corporate Sponsors and donors

Calvert Group The Walt Disney Company Domini Social Investments

Herman Miller McDonald’s Corporation McKesson Corporation

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Microsoft Corporation Office Depot Seventh Generation

United Technologies

NI NET IMPACT

660 Market St., Suite 210 • San Francisco, CA 94104 T (415) 984-3300 • F (415) 984-3301 • www.netimpact.org