Overview
What is The Incentive Research Foundation?
The Incentive Research Foundation (IRF) is a nonprofit organization situated in McLean, Virginia. Its primary focus is on conducting research and providing education to promote and enhance the understanding and proper application of incentive and motivational programs. By funding various studies and developing educational programs, IRF aims to contribute to the global incentive industry. The organization's initiatives are geared towards presenting practical research, emphasizing the significance and effectiveness of incentive and motivational programs. Through these efforts, IRF assists businesses in developing effective strategies for motivation and performance improvement.
Official website here: www.theirf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Incentive Research Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall accountability and financial management. While the organization excels in culture, community engagement, and leadership, achieving perfect scores in these areas, it struggles with financial metrics, particularly in program expense ratio and liabilities to assets ratio, which significantly impact its overall rating.
Strengths of the organization include a fully independent board and robust audit practices, which reflect positive governance. The Foundation demonstrates a strong commitment to feedback collection and usage, indicating that it values stakeholder input and adapts accordingly. However, the absence of a whistleblower policy raises concerns regarding transparency and accountability.
In summary, while The Incentive Research Foundation shows strong performance in leadership and community engagement, it faces challenges in financial stewardship that need addressing to improve its overall rating. The organization should focus on enhancing its financial practices to better align with its governance strengths and improve its standing with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Incentive Research Foundation legitimate?
The Incentive Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Incentive Research Foundation 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.
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Official website here: www.theirf.org
What is the mission statement of The Incentive Research Foundation?
The Incentive Research Foundation (IRF) is dedicated to advancing the understanding and appropriate utilization of incentive and motivational programs. They accomplish this by funding research studies and developing educational programs tailored to various sectors within the global incentive industry. The IRF's initiatives primarily focus on pragmatic research, emphasizing the potential and efficacy of incentive and motivational programs. By doing so, the IRF assists businesses in designing effective strategies for motivation and performance improvement.
Official website here: www.theirf.org
Who is the CEO of The Incentive Research Foundation?
Stephanie Harris is the Chair of The Incentive Research Foundation.
Official website here: www.theirf.org
What is the revenue of The Incentive Research Foundation?
The Incentive Research Foundation's revenue in 2022 was $1,341,040.
Official website here: www.theirf.org
Who are the executives of The Incentive Research Foundation and what are their salaries?
Here are 20 key members and their salaries:
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Official website here: www.theirf.org
Where can I find the form 990 for The Incentive Research Foundation?
The Incentive Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theirf.org
Learn more at the official website: www.theirf.org
Mission Statement of The Incentive Research Foundation
The Incentive Research Foundation, a renowned organization, is dedicated to advancing the understanding and application of incentive and motivational programs. Its mission is multifaceted, encompassing the funding of research studies and the development of educational programs. The foundation focuses on pragmatic research, emphasizing the premise and the potent impact of incentive and motivational schemes. By engaging in these initiatives, the Incentive Research Foundation aids businesses in formulating effective motivation and performance enhancement strategies. Through its research-driven approach, the organization seeks to provide valuable insights and tools, thereby contributing significantly to the global incentive industry.
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Impact
October, 2024
The Incentive Research Foundation significantly impacts the global incentive industry by advancing the science, awareness, and proper application of incentive and motivational programs. Through rigorous research and educational initiatives, it focuses on pragmatic studies that highlight the effectiveness of these programs in enhancing productivity and performance.
One of the key contributions of the organization is the development of the productivity model, which assists businesses in creating motivational strategies tailored to their specific needs. By producing and distributing valuable insights and fostering discussions around the application of incentives, the Foundation equips organizations with the tools to improve employee engagement and overall performance.
With a commitment to serving all segments of the incentive industry, the Foundation's efforts aid companies in understanding the dynamics of motivational programs, ultimately leading to better performance outcomes and enhanced workforce satisfaction. The knowledge generated through its research informs best practices, helping businesses craft strategies that drive success and productivity in their operations.
This information is meant to be a general summary of The Incentive Research Foundation. 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: $21,810
- Program Service Revenue: $125,925
- Gross Receipts: $2,740,832
Assets and Liabilities:
- Total Assets: $885,617
- Total Liabilities: $108,862
- Net Assets: $776,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH
Revenue
$71,950
EDUCATION DAY
Revenue
$53,975
Organization Details
Founding Year
2006
Phone
(703) 651-8189Principal Officer
Stephanie Harris
Main Address
1660 INTERNATIONAL DRIVE STE 600, MCLEAN, VA, 22102
Website
www.theirf.orgNTEE Category
Code: J05 - Employment
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