Overview
What is Adagio Institute Inc?
Adagio Institute Inc, based on the provided information, is a nonprofit organization committed to promoting financial education. Their mission involves advocating for the widespread adoption of risk-adjusted investment analysis to make exclusive investment performance more accessible to a broader audience. They accomplish this goal through education and the provision of third-party risk analytics services. Adagio Institute's activities are centered around financial education, aiming to democratize investment opportunities for a more inclusive financial landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Adagio Institute Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 79%. This score indicates that the organization demonstrates a commitment to transparency and effective financial management. The rating is based entirely on financial metrics, suggesting that while the overall performance is commendable, a broader evaluation of other factors may be necessary for a comprehensive assessment.
The organization excels in several key areas: it has a fully independent board with no material diversions of assets, a comprehensive conflict of interest policy, and a whistleblower policy in place. These strengths contribute positively to its governance and ethical standards. Additionally, the program expense ratio of 88.51% indicates a strong focus on its mission-related activities, ensuring that a significant portion of its resources is directed toward programs rather than administrative costs.
However, while Adagio Institute Inc shows strengths in financial accountability and governance, the reliance on a single beacon score highlights that other aspects of performance, such as impact and program effectiveness, are not evaluated in this rating. Future assessments may benefit from a more holistic view of the organization's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Adagio Institute Inc legitimate?
Adagio Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adagio 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: $37,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Adagio Institute Inc?
Adagio Institute Inc's mission is centered around promoting financial education and fostering the widespread use of risk-adjusted investment analysis. This initiative aims to make exclusive investment performance more accessible to a broader audience. Adagio Institute achieves this goal through educational programs and services such as third-party risk analytics. In essence, their mission is to democratize investment knowledge, making it more equitable and understandable for all.
Who is the CEO of Adagio Institute Inc?
Benjamin D Summers is the Summers of Adagio Institute Inc.
What is the revenue of Adagio Institute Inc?
Adagio Institute Inc's revenue in 2022 was $772,344.
Who are the executives of Adagio Institute Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $37,597
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Adagio Institute Inc?
Adagio Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Adagio Institute Inc
Adagio Institute, a nonprofit organization, is dedicated to promoting financial education and advocating for the widespread adoption of risk-adjusted investment analysis. Their mission is to democratize access to exclusive investment performance, ensuring that this crucial financial knowledge is not limited to a select few. To achieve this goal, Adagio Institute provides education and utilizes services such as third-party risk analytics. By doing so, they aim to make financial literacy more accessible and equitable, empowering individuals to make informed investment decisions.
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Impact
October, 2024
Adagio Institute Inc has a significant impact on financial education by promoting risk-adjusted investment analysis. Their efforts aim to democratize access to exclusive investment performance, allowing a broader audience to make informed financial decisions. Through educational initiatives and services like third-party risk analytics, they equip individuals and investors with the tools needed for effective financial planning and investment strategies. This not only enhances individual financial literacy but also contributes to a more equitable financial landscape, where more people can participate in wealth-building opportunities. Ultimately, Adagio Institute fosters a culture of informed investing, empowering individuals to take control of their financial futures.
This information is meant to be a general summary of Adagio 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: $9,611
- Program Service Revenue: $762,733
- Gross Receipts: $772,344
Assets and Liabilities:
- Total Assets: $1,188,856
- Total Liabilities: $24,539
- Net Assets: $1,164,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Financial Education
Revenue
$762,733
Organization Details
Founding Year
2017
Phone
(713) 775-1011Principal Officer
Benjamin D Summers
Main Address
5100 WESTHEIMER RD STE 115, HOUSTON, TX, 77056
NTEE Category
Code: B60 - Education
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