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Investment And Research In Education Inc

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

EIN: 061372326 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Investment And Research In Education Inc?

Investment and Research in Education Inc, based in Houston, Texas, serves as a nonprofit organization with a distinct mission. Their primary focus is to gather and allocate funds for the construction of seminaries, schools, and churches, contributing to the promotion of religious and educational pursuits. By collecting donations, the organization supports the building of educational facilities and engages in various religious and educational activities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 72%)

Investment And Research In Education Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates accountability and financial integrity, there are areas that require improvement. The organization scores well in governance, with a fully independent board and comprehensive policies for conflict of interest, whistleblower protection, and document retention.

Strengths include a high program expense ratio of 77.68%, which suggests a significant portion of its resources is allocated toward its educational initiatives. Additionally, the organization has no material diversion of assets, indicating responsible management of its resources. However, it faces challenges regarding its liabilities to assets ratio, currently at 59.58%, which may imply financial strain or potential risks that need to be addressed to ensure long-term sustainability.


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

Is Investment And Research In Education Inc legitimate?

Investment And Research In Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Investment And Research In Education 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: $0

For more financial information, click here

What is the mission statement of Investment And Research In Education Inc?

Investment and Research in Education Inc. is a non-profit organization with a mission to collect and utilize donations to support the construction of seminaries, schools, and churches, as well as engage in various religious and educational activities. The primary goal of the organization is to provide financial aid for building educational facilities, contributing to the advancement of knowledge and faith. By offering grants, Investment and Research in Education Inc. contributes to the development of learning environments, fostering both spiritual growth and intellectual enrichment.

Who is the CEO of Investment And Research In Education Inc?

Jose Gerardo Cardenas Jimenez is the Director And President of Investment And Research In Education Inc.

What is the revenue of Investment And Research In Education Inc?

Investment And Research In Education Inc's revenue in 2022 was $6,883,224.

Who are the executives of Investment And Research In Education Inc and what are their salaries?


Here are 6 key members and their salaries:


John Connor (Director And President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hernan Jimenez (Director & Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andreas Schoggl (Secretary & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jose G Cardenas (Treasurer & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesus Villagrasa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Formolo (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Investment And Research In Education Inc?

Investment And Research In Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Investment And Research In Education Inc

Investment and Research in Education Inc, as its name suggests, is a nonprofit organization dedicated to collecting and utilizing donations for religious and educational purposes. Their mission is twofold: firstly, they aim to accumulate funds to construct seminaries, schools, and churches. Secondly, they engage in various religious and educational activities beyond just building structures. By providing grants, Investment and Research in Education Inc contributes to the construction of schools, seminaries, and churches in line with their religious and educational objectives. Their activities are geared towards furthering religious and educational causes, making a significant impact in these sectors.

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Impact




July, 2024

Investment And Research In Education Inc has a significant impact on communities by providing grants to build schools, seminaries, and churches in furtherance of religious and educational purposes. Through their efforts, they are able to support the growth and development of educational and religious institutions, contributing to the overall well-being and enrichment of society. Their dedication to collecting and utilizing contributions for these noble causes demonstrates a commitment to fostering education and religious activities in their community.




This information is meant to be a general summary of Investment And Research In Education 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
$6,883,224 (2022)
Expenses
$3,865,903 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $29,056
  • Gross Receipts: $30,801,408

Assets and Liabilities:

  • Total Assets: $32,878,693
  • Total Liabilities: $19,591,047
  • Net Assets: $13,287,646

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Organization Details

Founding Year

1993

Principal Officer

Jose Gerardo Cardenas Jimenez

Main Address

C/O R CASTRO 12335 SHADOWHOLLOW DR, Houston, TX, 77082

NTEE Category

Code: X20 - Religion related

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