Overview
What is Tesseract Research Center Inc?
Tesseract Research Center Inc, based in Washington D.C., is a nonprofit organization committed to disseminating knowledge about public policy, the economy, and the significance of a strong democracy. They achieve this through various means, such as public education, research, publications, and events. The center does not align with any political party, maintaining its neutrality in the process. Their primary focus is on promoting understanding and fostering informed discussions in these areas. The organization employs approximately 30 individuals to carry out its mission. In addition to its core activities, Tesseract Research Center Inc has recently been involved in a lawsuit against the Trump Corporation and its family members, seeking compensation for legal fees and expenses related to a consumer-facing training programs and business opportunities endorsement case. This case is one of the organization's recent endeavors, demonstrating its dedication to upholding justice and advocating for its beliefs.
Official website here: www.patrioticmillionaires.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Tesseract Research Center Inc has received an 88% rating from Charity Navigator, which reflects a strong emphasis on accountability and financial health. The charity has achieved a Three-Star rating based solely on its Accountability & Finance score, indicating its commitment to maintaining transparency and responsible financial practices. The organization has demonstrated an impressive track record with no material diversion of assets and full compliance with various governance policies.
The nonprofit boasts an independent board with 80% of its members independent, which is a positive indicator of its governance structure. Additionally, the organization effectively manages its financials, with a high program expense ratio of 93.08%, which shows that the majority of its funds are directed towards its mission-related activities. Furthermore, its fundraising efficiency is commendable at $0.09 per dollar raised, reflecting prudent financial management.
However, Tesseract Research Center Inc has a working capital ratio of 0.35 years, which suggests some potential liquidity challenges. While the organization is overall in good standing, it may need to monitor its financial reserves to ensure sustainability in the long term. Overall, Tesseract Research Center Inc demonstrates solid accountability and a strong focus on its mission, with some areas for potential improvement in financial liquidity.
This AI summary has been generated from information found on Charity Navigator.
Is Tesseract Research Center Inc legitimate?
Tesseract Research Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tesseract Research Center 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: $213,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,232,149
For more financial information, click here
Official website here: www.patrioticmillionaires.org
What is the mission statement of Tesseract Research Center Inc?
Tesseract Research Center Inc is a non-profit, non-partisan organization committed to promoting knowledge about public policy, the economy, and the significance of a strong democracy. They achieve this goal through public education, research, publications, and events. The center's mission is to foster and promote understanding of public policy through rigorous research, publications, and educational events. By doing so, they aim to contribute to informed discussions and decision-making in various policy areas.
Official website here: www.patrioticmillionaires.org
Who is the CEO of Tesseract Research Center Inc?
Erica Payne is the President of Tesseract Research Center Inc.
Official website here: www.patrioticmillionaires.org
What is the revenue of Tesseract Research Center Inc?
Tesseract Research Center Inc's revenue in 2022 was $2,256,273.
Official website here: www.patrioticmillionaires.org
Who are the executives of Tesseract Research Center Inc and what are their salaries?
The average compensation at Tesseract Research Center Inc during 2022 was $48,193. There are 30 employees and 4 volunteers at Tesseract Research Center Inc.
Here are 6 key members and their salaries:
- Compensation: $180,000
- Related: $120,000
- Other: $24,699
- Compensation: $107,077
- Related: $71,384
- Other: $19,228
- 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.patrioticmillionaires.org
Where can I find the form 990 for Tesseract Research Center Inc?
Tesseract Research Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patrioticmillionaires.org
Learn more at the official website: www.patrioticmillionaires.org
Mission Statement of Tesseract Research Center Inc
Tesseract Research Center Inc, a non-profit organization, is committed to promoting understanding of public policy, economics, and the significance of a robust democracy. This is achieved through various means, including public education, research, publications, and events. The center's mission is to foster and propagate knowledge about public policy, actively engaging in research and disseminating findings through publications and events. By doing so, Tesseract Research Center Inc aims to contribute to informed decision-making and a more informed public.
In practical terms, Tesseract Research Center Inc carries out its mission by undertaking various activities. For instance, it provides a platform for public education, enabling individuals to gain a better understanding of public policy issues. Additionally, the center conducts research in this field, contributing valuable insights and findings that can inform policy-making processes. The center also engages in publishing and hosting events, providing opportunities for experts and stakeholders to share their perspectives and engage in discussions. Overall, Tesseract Research Center Inc plays a vital role in promoting knowledge about public policy, economics, and democracy, thereby contributing to more informed and effective policy-making.
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Impact
October, 2024
Tesseract Research Center Inc significantly influences public understanding and discourse surrounding public policy, the economy, and democracy. Through its dedication to education and research, the organization engages the community by disseminating knowledge that empowers citizens to participate more effectively in democratic processes.
One notable initiative involves funding litigation expenses for cases addressing consumer-facing training programs and business opportunities, particularly those associated with high-profile individuals like Donald Trump and his family. This not only aids in the pursuit of justice but also highlights the center's commitment to scrutinizing the ethics and implications of corporate practices in the marketplace.
Furthermore, Tesseract Research Center Inc organizes events and publishes research that fosters informed discussions on policy issues, thereby promoting transparency and accountability in governance. By facilitating these dialogues, the center contributes to a stronger democratic framework and encourages civic engagement, ultimately shaping a more educated electorate.
This information is meant to be a general summary of Tesseract Research Center 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: $2,103
- Gross Receipts: $2,256,273
Assets and Liabilities:
- Total Assets: $2,940,697
- Total Liabilities: $83,612
- Net Assets: $2,857,085
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Organization Details
Founding Year
2010
Phone
(202) 403-2289Principal Officer
Erica Payne
Main Address
1629 K STREET NW STE 300, WASHINGTON, DC, 20006
NTEE Category
Code: B01 - Education
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