Overview
What is Leonard Wood Institute?
Leonard Wood Institute, located at 197 Replacement Ave, Fort Leonard Wood, MO 65473, is a nonprofit organization that focuses on funded research projects centered on Fort Leonard Wood and the Maneuver Support Center of Excellence. Their primary objective is to foster or preserve technology-based businesses, safeguard or generate new employment opportunities, and introduce innovative products or processes. By doing so, they aim to increase research funding and facilitate the transition of research and development technology into the marketplace. The institute competitively awards, manages, and collaborates in projects to meet Army capability requirements. With a team of three individuals, Leonard Wood Institute contributes significantly to advancing technological development and job creation in the specified areas.
Official website here: www.leonardwoodinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Leonard Wood Institute has achieved a perfect score of 100% on Charity Navigator, indicating strong accountability and financial health. This high rating reflects the organization's commitment to transparency, with an entirely independent board and robust financial oversight practices in place. The institute demonstrates exemplary governance standards, ensuring that all board members are independent and that comprehensive policies, including conflict of interest and whistleblower protections, are clearly defined.
In terms of financial performance, the organization maintains a healthy liabilities-to-assets ratio of 50.60%, showcasing its fiscal responsibility. Additionally, an impressive 91.99% of its expenses are dedicated to program activities, which highlights the institute's focus on fulfilling its mission rather than on administrative costs. This strong financial management reinforces donor confidence and supports the institute’s ongoing efforts to achieve its goals.
There are no significant limitations noted in the available data, indicating that the Leonard Wood Institute operates with a high level of integrity and effectiveness. Overall, this nonprofit stands out as a model of best practices in the nonprofit sector, particularly in financial accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard Wood Institute legitimate?
Leonard Wood Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard Wood Institute 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: $127,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $280,070
For more financial information, click here
Official website here: www.leonardwoodinstitute.org
What is the mission statement of Leonard Wood Institute?
The Leonard Wood Institute's primary objective is to foster and preserve technology-related businesses, create or retain jobs, generate new products or processes, increase research funding, and facilitate the transfer of technology from research and development to the marketplace. This organization achieves this by funding applied research projects, competitively awarding, managing, and collaborating in projects to develop technologies and services that meet military capability requirements. The institute's activities aim to enhance the technological capabilities and competitiveness of relevant industries.
Official website here: www.leonardwoodinstitute.org
Who is the CEO of Leonard Wood Institute?
Dorsey Newcomb is the Executive Di of Leonard Wood Institute.
Official website here: www.leonardwoodinstitute.org
What is the revenue of Leonard Wood Institute?
Leonard Wood Institute's revenue in 2022 was $2,513,056.
Official website here: www.leonardwoodinstitute.org
Who are the executives of Leonard Wood Institute and what are their salaries?
The average compensation at Leonard Wood Institute during 2022 was $135,857. There are 3 employees and 15 volunteers at Leonard Wood Institute.
Here are 14 key members and their salaries:
- Compensation: $127,500
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Official website here: www.leonardwoodinstitute.org
Where can I find the form 990 for Leonard Wood Institute?
Leonard Wood Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leonardwoodinstitute.org
Learn more at the official website: www.leonardwoodinstitute.org
Mission Statement of Leonard Wood Institute
The Leonard Wood Institute, a renowned organization, is primarily dedicated to achieving several objectives in the realm of technology. Its primary mission involves the creation or retention of technology-related businesses, saving or creating new jobs, generating new products or processes, and increasing research funding. Furthermore, the institute strives to facilitate the transfer of technology from research and development to the marketplace. This multi-faceted approach aims to foster innovation, drive economic growth, and bridge the gap between cutting-edge research and practical applications. The institute competitively awards, manages, and collaborates on projects to develop technologies and services that meet the Army's capability requirements. This mission is instrumental in driving technological advancements, fostering innovation, and enhancing the Army's operational capabilities.
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Impact
October, 2024
The Leonard Wood Institute drives significant economic and technological advancement in the Fort Leonard Wood region. By focusing on the creation and retention of technology-related businesses, it plays a crucial role in job preservation and generation. The institute actively fosters innovation by facilitating the development of new products and processes, while also working to increase research funding.
Its impact is particularly notable in applied research, as the LWI manages and collaborates on projects that specifically address the technology needs of the Army and the Maneuver Support Center of Excellence. This ensures that research not only contributes to academic knowledge but also translates into practical solutions that enhance military capability. Through its efforts, the institute bridges the gap between research and the marketplace, ensuring that innovative technologies are effectively brought to the forefront of industry and defense applications.
This information is meant to be a general summary of Leonard Wood Institute. 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: $552
- Program Service Revenue: $25,559
- Gross Receipts: $2,513,056
Assets and Liabilities:
- Total Assets: $438,388
- Total Liabilities: $140,537
- Net Assets: $297,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AIRPORT
Revenue
$21,585
ISSP
Revenue
$3,974
Organization Details
Founding Year
2003
Phone
(573) 329-8502Principal Officer
Dorsey Newcomb
Main Address
197 REPLACEMENT AVE, FORT LEONARD WOOD, MO, 65473
Website
www.leonardwoodinstitute.orgNTEE Category
Code: U99 - Science research
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