Overview
What is Criterion Institute?
The Criterion Institute is a nonprofit organization situated in Haddam, Connecticut. Their mission revolves around broadening the factors considered in economic decisions by amplifying the influence and power of various entities in the process of reinventing the economy. They achieve this through research, training, and institutional engagement. The organization seeks partnerships with institutions where objectives align, fostering mutual learning and advancement of each entity's mission. This unique approach challenges traditional power dynamics and control, even in interactions with larger organizations. The Criterion Institute strives to empower institutions to utilize their power to influence financial systems, ultimately driving social change, with a team of six dedicated employees.
Official website here: www.criterioninstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Criterion Institute has received a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 67% reflects strengths in certain areas, such as having a fully independent board and effective fundraising efficiency, with a notable program expense ratio of 72.65%. This suggests that a significant portion of their funds is directed towards their programs, which is a positive aspect of their operations.
However, the organization exhibits serious limitations in accountability and transparency. They lack crucial policies such as conflict of interest, whistleblower, and document retention policies, which collectively resulted in a low score in these categories. Additionally, the absence of financial statements raises concerns about the transparency of their financial practices.
Overall, while Criterion Institute shows potential through effective program funding and board independence, the significant gaps in governance policies and financial reporting diminish their overall rating and could impact trust among potential donors and stakeholders. Improvements in these areas are essential for enhancing their accountability and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Criterion Institute legitimate?
Criterion Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Criterion 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: $122,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,594
For more financial information, click here
Official website here: www.criterioninstitute.org
What is the mission statement of Criterion Institute?
The Criterion Institute strives to broaden the considerations in economic decision-making by amplifying the influence and power of various groups in the process of reinventing the economy. They achieve this through research, training, and institutional engagement. The organization seeks collaborations with institutions that share similar goals, fostering mutual learning and advancement of each party's mission. This approach challenges traditional power dynamics, allowing smaller organizations like Criterion to assert their influence even in dealings with larger entities. By empowering large institutions to engage financial systems, Criterion aims to drive social change.
Official website here: www.criterioninstitute.org
What is the revenue of Criterion Institute?
Criterion Institute's revenue in 2022 was $2,239,651.
Official website here: www.criterioninstitute.org
Who are the executives of Criterion Institute and what are their salaries?
The average compensation at Criterion Institute during 2022 was $73,561. There are 6 employees and 25 volunteers at Criterion Institute.
Here are 8 key members and their salaries:
- Compensation: $122,772
- Related: $0
- Other: $32,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.criterioninstitute.org
Where can I find the form 990 for Criterion Institute?
Criterion Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.criterioninstitute.org
Learn more at the official website: www.criterioninstitute.org
Mission Statement of Criterion Institute
Criterion Institute, a nonprofit organization, aims to broaden the scope of considerations in economic decision-making by amplifying the voices and influence of underrepresented groups. Through their mission, they strive to reinvent the economy by conducting research, providing training, and engaging with institutions. This approach seeks to challenge traditional power dynamics and control structures, even when collaborating with larger organizations. By fostering mutual learning and advancing each organization's mission, Criterion Institute disrupts conventional power structures and encourages larger institutions to utilize their power to foster social change, utilizing finance systems to bring about positive change.
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Impact
October, 2024
Criterion Institute significantly impacts the economic landscape by reshaping who holds power and influence in shaping economic decisions. By fostering partnerships with like-minded institutions, it emphasizes mutual learning and collective advancement of goals, thereby disrupting traditional power dynamics within the economic sector.
Through its research, training, and institutional engagement, Criterion empowers both smaller entities and larger organizations to recognize and exercise their power in rethinking financial systems. This collaborative approach encourages large institutions to leverage their resources effectively, driving systemic change that aligns financial practices with social justice principles. By broadening perspectives on what matters in economic decisions, Criterion actively contributes to reinventing the economy for the betterment of society.
This information is meant to be a general summary of Criterion 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.
- Program Service Revenue: $564,422
- Gross Receipts: $2,239,651
Assets and Liabilities:
- Total Assets: $714,359
- Total Liabilities: $289,665
- Net Assets: $424,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTITUTIONAL ENGAGEME
Revenue
$474,114
TRAINING
Revenue
$73,375
RESEARCH
Revenue
$16,933
Organization Details
Founding Year
2010
Principal Officer
Joy Anderson
Website
www.criterioninstitute.orgNTEE Category
Code: Z99 - Unknown
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