Overview
What is Design Management Institute Inc?
Design Management Institute Inc, located at 24 Thorndale Street, Cambridge, MA 02141, is a distinguished nonprofit organization devoted to advancing design management globally. Their primary focus is to provide educational services, conferences, and publications, aiming to enhance organizations worldwide by integrating and managing design principles effectively for economic, social, and environmental benefits. This institute aspires to be the global authority, resource, and advocate in design management, working tirelessly to improve and promote the field. With a modest team of two dedicated individuals, Design Management Institute Inc continues to contribute significantly to this essential field.
Official website here: www.dmi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
Design Management Institute Inc has received a low rating of 54% from Charity Navigator, which reflects concerns regarding its accountability and financial practices. While it boasts a fully independent board with 87% of its members being independent, significant gaps exist in its financial transparency, as the organization has not provided any financial statements, leading to a score of 0 in that area.
On a positive note, the organization has demonstrated strong program expense management, with 90% of its expenses being directed towards its programs. Additionally, it has shown good governance in some areas, such as maintaining minutes of board meetings and not experiencing material diversion of assets. However, the absence of essential policies, including conflict of interest and whistleblower protections, raises questions about its operational integrity.
Overall, while the Design Management Institute Inc has strengths in board independence and program spending, its lack of financial documentation and critical governance policies contributes to its low rating. This situation may deter potential donors who prioritize transparency and accountability when choosing where to allocate their funds.
This AI summary has been generated from information found on Charity Navigator.
Is Design Management Institute Inc legitimate?
Design Management Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Design Management 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: $170,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,297
For more financial information, click here
Official website here: www.dmi.org
What is the mission statement of Design Management Institute Inc?
Design Management Institute Inc's mission is to serve as a global authority, resource, and advocate for the field of design management. Their objective is to improve organizations worldwide by promoting the effective integration and management of design principles, aiming for economic, social, and environmental benefits. To achieve this, they provide educational services, including discussions, conferences, publications, and other reading materials, primarily for their members.
Official website here: www.dmi.org
Who is the CEO of Design Management Institute Inc?
Carole Bilson is the President of Design Management Institute Inc.
Official website here: www.dmi.org
What is the revenue of Design Management Institute Inc?
Design Management Institute Inc's revenue in 2022 was $545,497.
Official website here: www.dmi.org
Who are the executives of Design Management Institute Inc and what are their salaries?
The average compensation at Design Management Institute Inc during 2022 was $130,296. There are 2 employees at Design Management Institute Inc.
Here are 8 key members and their salaries:
- Compensation: $170,296
- Related: $0
- Other: $0
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- Compensation: $0
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Official website here: www.dmi.org
Where can I find the form 990 for Design Management Institute Inc?
Design Management Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dmi.org
Learn more at the official website: www.dmi.org
Mission Statement of Design Management Institute Inc
Design Management Institute Inc, as a leading authority, strives to advocate, resource, and serve as an international authority in the realm of design management. Their mission is centered around enhancing organizations globally by promoting the effective integration and management of design principles. This approach aims to yield economic, social, and environmental benefits for various organizations. The Institute's primary activities include sponsoring educational services, such as discussion sessions, conferences, publications, and other reading materials, to cater to its members. By doing so, Design Management Institute Inc aims to play a pivotal role in facilitating the improvement of organizations worldwide, thereby contributing to a more productive and sustainable society.
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Impact
July, 2024
Design Management Institute Inc has a significant impact on organizations worldwide by providing educational services, conferences, and publications that promote the effective integration and management of design principles for economic, social, and environmental benefit. Through its activities, the institute helps improve the way organizations approach design, contributing to their overall success and sustainability. With a mission to be the international authority, resource, and advocate in design management, Design Management Institute Inc plays a crucial role in advancing the field of design and enabling positive outcomes for businesses and society.
This information is meant to be a general summary of Design Management 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20
- Program Service Revenue: $242,808
- Gross Receipts: $545,497
Assets and Liabilities:
- Total Assets: $212,418
- Total Liabilities: $210,084
- Net Assets: $2,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE
Revenue
$201,507
PUBLICATION
Revenue
$41,301
Organization Details
Founding Year
1981
Phone
(617) 338-6380Principal Officer
Carole Bilson
Main Address
24 THORNDIKE STREET, CAMBRIDGE, MA, 02141
Website
www.dmi.orgNTEE Category
Code: A03 - Arts
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