Overview
What is Consiliumbots Inc?
Consiliumbots Inc is a New York-based nonprofit organization dedicated to enhancing educational opportunities for low- and middle-income students. By utilizing cutting-edge technology and government data, Consiliumbots aims to provide affordable, evidence-based advice on crucial educational decisions. In 2022, they successfully interacted with over 2 million individuals globally, including students, parents, and teachers, through their smart-platforms and virtual assistants. These platforms helped users choose schools or post-secondary education options, with each beneficiary costing approximately 0.4 dollars. Consiliumbots expanded its reach in post-secondary education, implementing personalized tools in Colombia and Chile. They also launched a virtual counselor program, Choosing a Better Future, which taught students about higher education possibilities and reached nearly 1,000 students in 2022. Consiliumbots collaborated with educational institutions in both countries to improve their assignment algorithms and outreach services. The organization's work in Chile even led to the creation of a new organization, Tether Education, to further develop these ideas.
Official website here: www.consiliumbots.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Consiliumbots Inc has received a two-star rating from Charity Navigator, indicating that while they have some strengths, there are areas that require significant improvement. The organization boasts a perfect score in Accountability & Finance, with 100% of board members being independent and demonstrating strong financial oversight with no material diversion of assets reported. Additionally, the organization maintains a high program expense ratio of 84.46%, suggesting that a substantial portion of their funds is allocated towards their programs.
Despite these positive aspects, Consiliumbots Inc has notable deficiencies, particularly in governance policies. They have missing whistleblower and document retention policies, which are critical for transparency and accountability. Furthermore, the nonprofit has not posted their tax form on their website, which limits public access to their financial information and could hinder donor trust.
The organization's liabilities to assets ratio is concerning at 116.50%, indicating that they may have more liabilities than assets. This financial situation could pose risks to their sustainability and operational effectiveness. Overall, while Consiliumbots Inc shows promise in certain areas, attention to governance and financial health will be essential for future improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Consiliumbots Inc legitimate?
Consiliumbots Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Consiliumbots 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: $87,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $364,873
For more financial information, click here
Official website here: www.consiliumbots.com
What is the mission statement of Consiliumbots Inc?
Consiliumbots Inc's mission is focused on enhancing educational opportunities for low- to middle-income students. They achieve this by supporting research and innovation, leveraging new technological innovations and government data, to provide affordable, rigorously tested, and easily scalable advice for crucial educational decisions. During the year 2022, Consiliumbots successfully reached over 2 million individuals across 7 countries, offering assistance in choosing schools or post-secondary education options. They expanded their interventions in post-secondary education, offering personalized feedback and financing tools in Colombia and Chile, and a virtual counselor program in Chile and Colombia, reaching nearly 1,000 students. Additionally, they collaborated with the Chilean Ministry of Education to streamline the admission process for over 500,000 applicants and provided outreach and evaluation services.
Official website here: www.consiliumbots.com
Who is the CEO of Consiliumbots Inc?
Christopher Neilson is the CEO of Consiliumbots Inc The CEO's salary of Consiliumbots Inc is $0 and their total compensation is $0.
Official website here: www.consiliumbots.com
What is the revenue of Consiliumbots Inc?
Consiliumbots Inc's revenue in 2023 was $653,705.
Official website here: www.consiliumbots.com
Who are the executives of Consiliumbots Inc and what are their salaries?
The average compensation at Consiliumbots Inc during 2023 was $452,623. There is 1 employee and 6 volunteers at Consiliumbots Inc.
Here are 7 key members and their salaries (Consiliumbots Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $87,750
- 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.consiliumbots.com
Where can I find the form 990 for Consiliumbots Inc?
Consiliumbots Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.consiliumbots.com
Learn more at the official website: www.consiliumbots.com
Mission Statement of Consiliumbots Inc
Consiliumbots Inc, a nonprofit organization, is committed to boosting the educational attainment and long-term earnings of low- and middle-income students. They achieve this by backing research and innovation that leverages cutting-edge technological advancements and government data. The organization's goal is to develop affordable, rigorously tested, and easily scalable advice for crucial educational decisions.
In pursuit of its mission, Consiliumbots Inc has demonstrated significant achievements. During the year ending December 31, 2022, over 2 million individuals in seven countries interacted with Consiliumbots' smart-platforms or virtual assistants while making decisions about schools or post-secondary education options. The nonprofit's impact is cost-effective, with each beneficiary costing around 0.4 dollars, a figure expected to decrease further as economies of scale are realized.
Consiliumbots' interventions have extended to the post-secondary education decision-making and admission process. In Colombia and Chile, the organization partnered with respective educational bodies to implement virtual assistants aiding students in selecting higher education specialties and learning how to finance them. Additionally, Consiliumbots launched a virtual counselor program, Choosing for a Better Future, in both countries, teaching students about the value of education and the opportunities for further studies after high school. The program reached nearly 1,000 students in 2022.
Furthermore, Consiliumbots collaborated with the Chilean Ministry of Education to implement an assignment algorithm for over half a million applicants, providing outreach and feedback services while the government collected preferences and registered families. Consiliumbots also worked with affiliated researchers to evaluate the informational interventions, demonstrating their commitment to rigorous testing and evidence-based approaches.
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Impact
October, 2024
Consiliumbots Inc has made a significant impact on educational decision-making for low- and middle-income students across multiple countries. Their innovative approach leverages technology and government data to enhance educational attainment and lifetime earnings. In 2022 alone, over 2 million individuals—students, parents, and teachers—from seven countries engaged with the smart-platforms and virtual assistants offered by Consiliumbots during critical educational choices, spending approximately just $0.40 per beneficiary.
The organization has expanded its interventions in post-secondary education decision-making, introducing personalized feedback reports, chatbots, and exploration websites. Notable implementations in Colombia and Chile have provided students with tailored guidance on selecting higher education specialties and navigating financial options. In Colombia, this initiative was executed in collaboration with the Colombian Institute for the Promotion of Higher Education, while a similar partnership with the Chilean Ministry of Education enhanced service delivery and outreach.
Moreover, Consiliumbots played an essential role in Chile by assisting the Ministry of Education with the admission process for over 500,000 applicants, enhancing feedback services and gathering data on family preferences. Their virtual counselor program, "Choosing for a Better Future," also reached nearly 1,000 students, illuminating the value of education and highlighting pathways for further studies.
Through the development of advanced smart-platforms such as the school explorer and application assistant, Consiliumbots is not only addressing immediate educational needs but also ensuring sustainability with the establishment of Tether Education, a spin-off dedicated to the ongoing development of these educational tools. Overall, Consiliumbots Inc is poised to reshape educational landscapes, making a lasting difference in the lives of countless individuals seeking higher educational opportunities.
This information is meant to be a general summary of Consiliumbots 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 2023.
- Program Service Revenue: $106,705
- Gross Receipts: $653,705
Assets and Liabilities:
- Total Assets: $405,670
- Total Liabilities: $472,623
- Net Assets: -$66,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fee Revenue
Revenue
$106,705
Organization Details
Founding Year
2018
Principal Officer
Maria J Lavin
Website
www.consiliumbots.comNTEE Category
Code: B90 - Education
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