Institute for Media, Policy and Civil Society

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Organization Type: 
NGO - Non Government Organization

IMPACS to cease operations

Mar 23 2007

From the Institute for Media Policy and Civil Society (IMPACS)
"The Board of Directors of IMPACS - Institute for Media Policy and Civil Society - regrets to announce that IMPACS has ceased operations and made a voluntary assignment into bankruptcy effective March 21, 2007. C. Topley & Company Ltd. has been appointed as trustee in bankruptcy and will be administering the affairs of IMPACS for the benefit of its creditors. A meeting of creditors will be held on Wednesday, April 11, 2007 at 11 a.m. at the offices of C. Topley & Company Ltd. (Suite 200 - 260 West Esplanade, North Vancouver, BC, V7M 3G7).
"The experience of IMPACS is, regrettably, not an isolated instance. There are numerous non-governmental organizations and charities in Canada's community non-profit sector that are facing many of the same financial stresses. Chief among them is the lack of what is often called 'core-funding,' i.e. revenue sources from operations or grants from governments or foundations that can sustain what is even the modest central management function at the heart of any organization.
"In addition to the matter of inadequate core funding, another major challenge has been the ripple effect of cut-backs to federal grants and contributions announced last summer. This has had an adverse effect on the ability of numerous organizations in the non-profit sector to afford the services of the IMPACS Communications Centre, a social-enterprise model, moderate-cost provider of high quality communications services to non-profit and public-sector organizations."

Street Address: 
910 - 207 West Hastings St
British Columbia
Postal/ZIP Code: 
V6B 1H6
Internal Notes : 
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