Overview
What is Public Assets Institute Inc?
Public Assets Institute Inc, based in Montpelier, Vermont, is a nonprofit organization dedicated to enhancing the well-being of Vermonters and promoting racial, social, and economic justice. They achieve this goal through research, fiscal analysis, public engagement, empowerment, and by advocating for policies that state government can implement. Their primary focus is on budget priorities and policies, especially those affecting human services and low-income children and families. They effectively communicate their research and analysis to policy makers and the media, demonstrating a quick response capability on tax and budget issues. Additionally, they collaborate with other organizations to ensure their work is responsive to their needs and interests, and they educate interest groups about policies that benefit low-income families and the public good. Overall, Public Assets Institute Inc works towards improving the lives of Vermonters and advocating for policies that promote justice and equality.
Official website here: www.publicassets.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Public Assets Institute Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization received a perfect score for its financial management practices, which indicates strong oversight and responsible stewardship of resources. The 80% independent board members and comprehensive conflict of interest policies further enhance the organization's credibility and governance structure.
The nonprofit demonstrates a solid commitment to transparency, as evidenced by its adherence to policies such as whistleblower protections and document retention. Its program expense ratio of 74.83% shows a significant portion of its expenditures is directed towards its mission-related programs, which is a positive indicator of its operational effectiveness.
However, while the organization excels in financial accountability, there is no mention of its programmatic impact or community outcomes, which are equally important factors for assessing a nonprofit's overall effectiveness. As such, potential donors and supporters may wish to seek additional information regarding the direct impact of Public Assets Institute Inc's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Public Assets Institute Inc legitimate?
Public Assets Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Public Assets 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: $99,349
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,719
For more financial information, click here
Official website here: www.publicassets.org
What is the mission statement of Public Assets Institute Inc?
The Public Assets Institute Inc works towards improving the well-being of all Vermonters and advocates for racial, social, and economic justice. They accomplish this by conducting research, providing fiscal analysis, engaging in public dialogue, and empowering individuals. The Institute develops and promotes policies that state government can implement, aiming to make a positive impact on the lives of Vermonters, particularly low-income children and families. They communicate their research and analysis effectively to policymakers and the media, responding swiftly to tax and budget issues. They collaborate with other organizations to ensure their work is responsive to their needs and interests, and they educate interest groups about policies that benefit the public good. They disseminate reports, analyses, fact sheets, and issue briefs to appropriate audiences and conduct workshops and briefings on significant budget and tax issues.
Official website here: www.publicassets.org
Who is the CEO of Public Assets Institute Inc?
Paul Cillo is the President of Public Assets Institute Inc.
Official website here: www.publicassets.org
What is the revenue of Public Assets Institute Inc?
Public Assets Institute Inc's revenue in 2022 was $739,196.
Official website here: www.publicassets.org
Who are the executives of Public Assets Institute Inc and what are their salaries?
The average compensation at Public Assets Institute Inc during 2022 was $77,214. There are 5 employees at Public Assets Institute Inc.
Here are 10 key members and their salaries:
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Official website here: www.publicassets.org
Where can I find the form 990 for Public Assets Institute Inc?
Public Assets Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.publicassets.org
Learn more at the official website: www.publicassets.org
Mission Statement of Public Assets Institute Inc
The Public Assets Institute Inc, a nonprofit organization, strives to improve the wellbeing of all Vermonters and promote racial, social, and economic justice. They achieve this mission through various means, including conducting credible research, fiscal analysis, public engagement, and empowerment. The institute develops and advocates for policies that state government can enact, aiming to positively impact the lives of low-income children and families.
In detail, the Public Assets Institute Inc produces and disseminates reliable research and analysis on state-level budget priorities, policies, and tax and revenue issues. They communicate their findings effectively to state policy makers and the news media, demonstrating a quick response capability on tax and budget issues. The institute also collaborates with other organizations and individuals, ensuring that its work is responsive to their needs and interests.
Furthermore, the Public Assets Institute Inc educates interest groups about policies that benefit low-income children and families, and the public good. They widely disseminate reports, analyses, fact sheets, and issue briefs to appropriate audiences, and conduct workshops and briefings on significant budget and tax issues. In essence, the Public Assets Institute Inc is dedicated to improving the lives of Vermonters by providing valuable insights and advocating for policies that promote social justice and wellbeing.
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Impact
October, 2024
Public Assets Institute Inc significantly influences the wellbeing of Vermont's residents by advancing racial, social, and economic justice. Through rigorous research, fiscal analysis, and public engagement, the organization develops and promotes policies that state government can enact to enhance the quality of life for all Vermonters.
By conducting credible and accessible research, Public Assets Institute provides timely insights on state-level budget priorities, tax, and revenue issues, focusing particularly on challenges faced by low-income children and families. Their effective communication strategies ensure that their findings reach policymakers and the public, enabling informed discussions on vital issues.
The Institute actively collaborates with various organizations and individuals to ensure its work addresses the needs of the community, while also educating interest groups about policies that can positively affect low-income families and the broader public good. Through workshops and briefings, Public Assets Institute fosters a deeper understanding of significant budget and tax issues, empowering communities to advocate for necessary change.
Overall, the impact of Public Assets Institute Inc is seen in its commitment to enhancing social equity, informing policy decisions, and mobilizing public engagement to create a more just and equitable Vermont.
This information is meant to be a general summary of Public Assets 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: $1,158
- Program Service Revenue: $10,500
- Gross Receipts: $739,196
Assets and Liabilities:
- Total Assets: $528,161
- Total Liabilities: $42,704
- Net Assets: $485,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPEAKING FEESCONSULT
Revenue
$10,500
Organization Details
Founding Year
2003
Principal Officer
Paul Cillo
Main Address
PO BOX 942, MONTPELIER, VT, 05601
Website
www.publicassets.orgNTEE Category
Code: W20 - Public benefit
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