Overview
What is Lean Enterprise Institute Inc?
Lean Enterprise Institute Inc, located at 867 Boylston Street, Boston, Massachusetts, is a nonprofit organization with a focus on promoting efficiency and productivity in various sectors, including manufacturing, services, and healthcare. They achieve this by conducting research and offering educational workshops that cover the fundamental elements of Lean knowledge. Their mission is to foster the widespread adoption of Lean thinking, a set of ideas designed to enhance overall performance and productivity. With a team of 22 individuals, Lean Enterprise Institute Inc plays an essential role in sharing practical and comprehensive Lean knowledge, empowering organizations to implement these strategies effectively.
Official website here: www.lean.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Lean Enterprise Institute Inc has achieved a high score of 96%, reflecting strong performance in accountability and finance. The organization demonstrates a commitment to transparency with a majority of independent board members and effective oversight through its Audit and Oversight Committee. Its financial practices are robust, with no material diversion of assets reported.
The nonprofit showcases a solid program expense ratio of 90.87%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, it adheres to best practices with established policies on conflicts of interest, whistleblower protections, and document retention. These strengths contribute to its high rating and reinforce its credibility as a responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lean Enterprise Institute Inc legitimate?
Lean Enterprise Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lean Enterprise 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: $1,278,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,076,693
For more financial information, click here
Official website here: www.lean.org
What is the mission statement of Lean Enterprise Institute Inc?
The Lean Enterprise Institute Inc's mission is to promote the widespread adoption of a concept known as Lean Thinking. This organization aims to achieve this by providing research and education, striving to enhance efficiency and productivity in various sectors such as manufacturing, services, and healthcare. To accomplish this, the Institute conducts Lean workshops, offering comprehensive and practical content on the fundamental elements of Lean knowledge and their implementation.
Official website here: www.lean.org
Who is the CEO of Lean Enterprise Institute Inc?
Joshua Howell is the Director (Until Nov 2022) of Lean Enterprise Institute Inc.
Official website here: www.lean.org
What is the revenue of Lean Enterprise Institute Inc?
Lean Enterprise Institute Inc's revenue in 2022 was $7,052,473.
Official website here: www.lean.org
Who are the executives of Lean Enterprise Institute Inc and what are their salaries?
The average compensation at Lean Enterprise Institute Inc during 2022 was $107,057. There are 22 employees at Lean Enterprise Institute Inc.
Here are 17 key members and their salaries:
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- Compensation: $282,441
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- Compensation: $185,674
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- Compensation: $335,763
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- Compensation: $174,597
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- Other: $14,951
- Compensation: $232,301
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- Other: $3,136
- Compensation: $311,356
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- Other: $5,870
- Compensation: $142,015
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- Other: $12,239
- Compensation: $358,050
- Related: $0
- Other: $27,385
Official website here: www.lean.org
Where can I find the form 990 for Lean Enterprise Institute Inc?
Lean Enterprise Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lean.org
Learn more at the official website: www.lean.org
Mission Statement of Lean Enterprise Institute Inc
Lean Enterprise Institute Inc, a renowned organization, is committed to promoting the widespread adoption of a set of ideas known as Lean Thinking. Their mission is to encourage the use of these principles in various sectors, including manufacturing, services, and healthcare, with the aim of enhancing efficiency and productivity. By doing so, they aim to contribute to the betterment of these industries, ultimately improving overall performance.
In pursuit of this mission, Lean Enterprise Institute Inc conducts comprehensive and practical workshops. These workshops provide participants with a deep understanding of the key elements of Lean Knowledge and equip them with the necessary skills to implement these concepts effectively. This approach allows organizations to streamline their operations, reduce waste, and improve their overall output, thereby achieving greater success. In essence, the Lean Enterprise Institute Inc serves as a catalyst for transformation, helping businesses and institutions adopt Lean Thinking and reap its numerous benefits.
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Impact
July, 2024
Lean Enterprise Institute Inc has a significant impact on industries by providing research and education to create greater efficiency and productivity in manufacturing, services, and healthcare. Through their lean workshops, the organization delivers practical and comprehensive content on key elements of lean knowledge and how to implement them. By promoting the widespread adoption of lean thinking, Lean Enterprise Institute Inc is driving positive change in various sectors, ultimately contributing to overall community improvement.
This information is meant to be a general summary of Lean Enterprise 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: $3,071
- Program Service Revenue: $7,046,506
- Gross Receipts: $7,052,473
Assets and Liabilities:
- Total Assets: $3,751,454
- Total Liabilities: $1,818,653
- Net Assets: $1,932,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CO-LEARNINGS PARTNER R
Revenue
$5,280,996
PUBLICATIONS REVENUE
Revenue
$988,704
CONFERENCE FEES
Revenue
$635,186
EVENT FEES
Revenue
$141,620
Organization Details
Founding Year
1997
Phone
(617) 871-2900Principal Officer
Joshua Howell
Main Address
867 BOYLSTON STREET 5TH FLOOR, BOSTON, MA, 02116
Website
www.lean.orgNTEE Category
Code: S410 - Community improvement
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