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Griffiss Institute Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030500249 ✦ Rome, NY ✦ Designated as a 501(c)(3)

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Overview

What is Griffiss Institute Inc?

Griffiss Institute Inc is a New York-based nonprofit organization situated at 592 Hangar Road 2nd Floor, Rome, New York, with a staff of 334 employees. Their primary mission is to foster collaboration between private industry, academia, and government to develop the next generation of STEM talent and defense technologies. By doing so, they aim to bolster U.S. national security and generate economic opportunities for their region, state, and the nation. The Griffiss Institute is committed to elevating talent, empowering innovation, and enabling experiences.


Official website here: www.griffissinstitute.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: Three-Star out of Four Stars (85%)

Griffiss Institute Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in the area of Accountability & Finance. This rating indicates that the organization is effectively managing its finances and adhering to best practices in governance, which is critical for building trust and ensuring transparency with donors and stakeholders.

The organization excels in several key areas, including having a fully independent board with a high percentage of independent members and comprehensive financial oversight mechanisms in place. Their commitment to policies such as conflict of interest, whistleblower protections, and proper document management further underscores their dedication to accountability and ethical practices.

However, there are areas for improvement, particularly concerning their liabilities to assets ratio, which scored lower compared to other metrics. This suggests that while they manage program expenses effectively, there may be concerns regarding their overall financial health that could benefit from closer examination.


This AI summary has been generated from information found on Charity Navigator.

Is Griffiss Institute Inc legitimate?

Griffiss Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Griffiss Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,751,590

For more financial information, click here


Official website here: www.griffissinstitute.org

What is the mission statement of Griffiss Institute Inc?

The Griffiss Institute is dedicated to cultivating the next generation of STEM talent and advancing defense technologies. By fostering collaboration between private industry, academia, and government, the Institute aims to strengthen U.S. national security and generate economic opportunities at the regional, state, and national levels. The primary objective of the Griffiss Institute is to advocate for and facilitate partnerships that develop innovative STEM talent and cutting-edge defense technologies.


Official website here: www.griffissinstitute.org

Who is the CEO of Griffiss Institute Inc?

Heather Hage is the Vice Chairman of Griffiss Institute Inc. The CEO's salary of Griffiss Institute Inc is $278,835 and their total compensation is $314,720.


Official website here: www.griffissinstitute.org

What is the revenue of Griffiss Institute Inc?

Griffiss Institute Inc's revenue in 2022 was $16,897,734.


Official website here: www.griffissinstitute.org

Who are the executives of Griffiss Institute Inc and what are their salaries?

The average compensation at Griffiss Institute Inc during 2022 was $14,226. There are 334 employees at Griffiss Institute Inc.


Here are 13 key members and their salaries (Griffiss Institute Inc's CEO's salary is $278,835 and their total compensation is $314,720):


William R Gray (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shiu-Kai Chin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Dimeo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Baskinger (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurel Mcadoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Baildon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Joseph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Vanshufflin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Marsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Hage (Current President & Ceo)
  • Compensation: $278,835
  • Related: $0
  • Other: $35,885
Regan Johnson (Secretary)
  • Compensation: $112,094
  • Related: $0
  • Other: $43,601
John Salerno (Program Deputy Director)
  • Compensation: $115,097
  • Related: $0
  • Other: $9,114


Official website here: www.griffissinstitute.org

Where can I find the form 990 for Griffiss Institute Inc?

Griffiss Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.griffissinstitute.org

Learn more at the official website: www.griffissinstitute.org

Mission Statement of Griffiss Institute Inc

Griffiss Institute Inc, a leading nonprofit organization, is dedicated to fostering the next generation of STEM talent and defense technologies. By doing so, it aims to bolster U.S. national security and generate economic opportunities for the region, state, and nation. The institute functions as a bridge, encouraging collaboration among private industry, academia, and government. Through this cooperation, Griffiss Institute Inc strives to cultivate innovative STEM talent and cutting-edge defense technologies that ensure the United States remains at the forefront of technological advancements.

The organization's primary objective is to advocate and facilitate partnerships between key stakeholders in the scientific community. By doing so, Griffiss Institute Inc plays a pivotal role in shaping the future of STEM education and research. Its mission extends beyond the realm of academia, as it also focuses on the practical applications of these advancements in the realm of national security. In this way, the institute not only empowers individuals to reach their full potential but also contributes to the greater good of the nation.

The Griffiss Institute Inc's commitment to excellence is driven by its belief that the development of both STEM talent and defense technologies go hand in hand. By focusing on both aspects, the organization ensures that the United States remains competitive on the global stage. It is through this holistic approach that Griffiss Institute Inc creates a ripple effect, benefiting not only the individuals involved but also the wider community, economy, and country as a whole.

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Impact




October, 2024

Griffiss Institute Inc plays a crucial role in shaping the future of STEM talent and defense technologies, directly impacting U.S. national security and fostering economic opportunities at local, state, and national levels. By promoting collaboration among private industry, academia, and government, the Institute enhances the development of innovative solutions and skilled professionals necessary for the ever-evolving defense landscape. Its commitment to elevating talent and empowering innovation not only supports the mission of safeguarding national interests but also cultivates a skilled workforce that drives regional economic growth. The Institute's strategic initiatives ensure that advancements in science and technology translate into practical applications that benefit society while bolstering America's defense capabilities.




This information is meant to be a general summary of Griffiss Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,897,734 (2022)
Expenses
$16,716,597 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $282,845
  • Gross Receipts: $16,897,734

Assets and Liabilities:

  • Total Assets: $7,136,257
  • Total Liabilities: $4,234,813
  • Net Assets: $2,901,444

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUPPORT SERVICES

Revenue

$108,780

HOSTED MEETINGS

Revenue

$63,507

TRAINING PROGRAMS

Revenue

$726

Organization Details

Founding Year

2002

Principal Officer

Heather Hage

Main Address

592 HANGAR ROAD 2ND FLOOR, ROME, NY, 13441

NTEE Category

Code: U41 - Science research

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