We're on a mission to improve Financial Literacy Skills and make Financial Planning more accessible to people in our community. As a part time start up, micro business with fewer than 30 operating hours a month we are not able to meet full metrics for a B Lab B corporation certification; particularly in areas of environmental impact; as we strive to achieve full operations and have a more significant impact, there are areas where we will improve.
A B Lab B Impact Review supplies a 34.5 score compared to 80 – 140 range for other businesses during FY 2016. However, the ranking is based on an expectation of full operations where Investment Republic is in start up mode and is fully owner financed at this point in time.
During FY 2016, the firm organized as a Benefit Corporation in the State of NH, developed banking relationships with a credit union, the owner engaged in efforts to achieve status as a Certified Financial Literacy instructor. Operations were assessed in December of 2016 and a decision was made to reorganize operations during FY 2016.
Areas of weakness noted include environmental and charitable contribution. However the many of the environmental questions are inapplicable to the organizational structure (ie – leased office space over which there is no control of water utilization for instance) and since the organization is in start up mode, it is operating a loss and not a profit and had not reached a cash flow positive state for FY 2016 and pro bono work was performed for proof of concept. Further as the business operationalizes, attacts customers and reaches a cash flow positive state and profitability; charitable contributions will be made. There is already pro-bono work being done. A portion of profits will be donated to two identified 501c3 charitable organizations (WIFE.org; the Women’s Institute for Financial Education)
It will be very exciting as the business evolves and fulfills it's mission!
Below is information extracted from the first B Lab Review that has been voluntarily performed to assess operations.
B Lab B Impact Review
This report shows how your company's responses to each question compare to other businesses.
For Calendar Year Ending: Dec 31, 2016
Above Average Responses
Below Average Responses
Above Average Responses
Customer Impact Business Model Introduction
Chemical Reduction Methods
Social or Environmental Screening of Suppliers
Impactful Banking Services
Community Service Policy
Non-accredited Investor Ownership
Mission Statement Characteristics
Total Customer Organizations
Environmental Business Model
Total Scope 3 GHGs
Total Scope 2 GHGs
Total Scope 1 GHGs
Total Waste Recycled
Total Waste Disposed
Total Water Use
Total Renewable Energy Use
Total Energy Use
Type of Facilities
Community-Oriented Business Models
Significant Supplier Descriptions
Geographic Structure and Scope
Charitable Organizations Supported
Total Amount of Charitable Donations
Total Amount of Volunteer Service Hours
Ownership from Underrepresented Groups
Net Income Year Before Last
Net Income Last Year
Earnings Before Interest & Taxes Year Before Last
Earnings Before Interest & Taxes Last Year
Revenue Last Year
Last Fiscal Year
Social/Environmental Key Performance Indicators
Level of Impact Focus
Below Average Responses
Hazardous Waste Disposal
Monitoring Greenhouse Gas Emissions
Water Conservation Practices
Facility Energy Efficiency
Increasing Renewable Energy
Low Impact Renewable Energy Use
Monitoring Water Usage
Monitoring Energy Usage
Facility Improvement with Landlord
Virtual Office Stewardship
Environmental Management Systems
Green Building Standards
Revenue from Certified Products
Independent Contractor Practices
Supplier Evaluation Practices
Supplier Screen Topics
Spending on Local Suppliers
% of Revenue Donated
Volunteer Service Per Capita
Supplier Diversity Policy
Supplier Ownership Diversity
Directors from Underrepresented Populations
Directors from Low-income Communities
Board of Directors Diversity
Public Feedback Channel
Client Protection Warranty
Reviewed / Audited Financials
Governing Body Stakeholder Representation
Governing Body Characteristics
Board Review of Social/Environmental Performance
For FY 2016 which is the inception of Investment Republic, this is our first annual report. The business plan it to allow for organic growth on a part time basis. This is not an investor funded corporation. I am the only investor and working to gain traction by investing my own financial and professional resources to build a profitable Benefit Corporation under new legislation in New Hampshire. The concept is new, and requires proof of concept. There will be periods of learning and opportunities to improve.
Develop the knowledge to make informed decisions about retirement income, government benefits, and health care in a non sales environment.
Develop Basic, Intermediate or Advanced Skills and Understanding.
2016 Annual Report
Improving your financial life through knowledge and planning.
A club to enable women to collaborate, discuss challenges and learn more about money and the unique issues they face in a facilitated, motivating and supportive environment.