Overview
What is Institute Of Gas Technology?
The Institute of Gas Technology, also known as GTI Energy, is a nonprofit organization based in Des Plaines, Illinois, with a total of 371 employees. Situated at 1700 S Mount Prospect Road, their primary mission involves conducting sponsored energy and environmental research and development. The institute invests directly in projects, serving approximately 226 clients, and does not allocate indirect costs. GTI Energy transforms technological innovations and insights into valuable solutions for customers worldwide. Their programs focus on addressing significant energy challenges, delivering exceptional value in various industries.
Official website here: www.gti.energy/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Institute of Gas Technology has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored particularly well in areas such as having a completely independent board and maintaining comprehensive financial policies. These aspects contribute to the charity's transparency and effective governance.
One of the key strengths of the Institute is its high ratio of liabilities to assets, demonstrating a stable financial position. Additionally, the organization effectively monitors its financial practices, as evidenced by its audit and oversight committee. The inclusion of important policies, such as conflict of interest and whistleblower policies, further enhances their reputation for accountability.
However, while the program expense ratio is relatively good at 64.33%, there may be room for improvement in program spending relative to overall expenses. Overall, the Institute of Gas Technology appears to be a reliable nonprofit with a commitment to transparency and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Gas Technology legitimate?
Institute Of Gas Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Gas Technology 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: $10,102,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,023,011
For more financial information, click here
Official website here: www.gti.energy/
What is the mission statement of Institute Of Gas Technology?
The Institute of Gas Technology, also known as GTI Energy, is dedicated to addressing significant energy challenges on a global scale. By harnessing technology and valuable insights, this organization transforms them into effective solutions that yield exceptional value for its clients. Through its research and development efforts, GTI Energy aims to deliver tangible benefits that address the energy needs of various industries and communities worldwide. Its mission is to make a lasting impact on the energy sector by providing innovative and practical solutions.
Official website here: www.gti.energy/
Who is the CEO of Institute Of Gas Technology?
James Ingold is the President & Ceo- Retired 7/22 of Institute Of Gas Technology. The CEO's salary of Institute Of Gas Technology is $695,198 and their total compensation is $764,147.
Official website here: www.gti.energy/
What is the revenue of Institute Of Gas Technology?
Institute Of Gas Technology's revenue in 2022 was $112,325,761.
Official website here: www.gti.energy/
Who are the executives of Institute Of Gas Technology and what are their salaries?
The average compensation at Institute Of Gas Technology during 2022 was $110,850. There are 371 employees at Institute Of Gas Technology.
Here are 32 key members and their salaries (Institute Of Gas Technology's CEO's salary is $695,198 and their total compensation is $764,147):
- Compensation: $1,516,208
- Related: $0
- Other: $1,244,693
- Compensation: $682,520
- Related: $0
- Other: $374,502
- Compensation: $695,198
- Related: $0
- Other: $68,949
- Compensation: $646,381
- Related: $0
- Other: $73,762
- Compensation: $624,488
- Related: $0
- Other: $80,297
- Compensation: $612,460
- Related: $0
- Other: $72,162
- Compensation: $354,548
- Related: $0
- Other: $78,336
- Compensation: $318,322
- Related: $0
- Other: $80,986
- Compensation: $305,489
- Related: $0
- Other: $68,702
- Compensation: $283,166
- Related: $0
- Other: $67,505
- Compensation: $279,343
- Related: $0
- Other: $70,291
- Compensation: $292,528
- Related: $0
- Other: $52,385
- Compensation: $267,567
- Related: $0
- Other: $62,250
- Compensation: $259,901
- Related: $0
- Other: $62,352
- Compensation: $265,972
- Related: $0
- Other: $53,962
- Compensation: $285,371
- Related: $0
- Other: $30,459
- Compensation: $258,019
- Related: $0
- Other: $35,972
- Compensation: $190,269
- Related: $0
- Other: $62,839
- Compensation: $183,678
- Related: $0
- Other: $53,101
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.gti.energy/
Where can I find the form 990 for Institute Of Gas Technology?
Institute Of Gas Technology's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gti.energy/
Learn more at the official website: www.gti.energy/
Mission Statement of Institute Of Gas Technology
The Institute of Gas Technology, a renowned organization, tackles significant energy challenges globally, translating technological innovations and insights into valuable solutions for its clients. With a clear objective, GTI Energy focuses on creating exceptional value for its customers by addressing their unique energy needs. The Institute's mission is geared towards tackling complex energy issues and delivering effective, customized solutions. Through its research and development efforts, the Institute aims to uncover groundbreaking advancements and implement them to address pressing energy concerns. By harnessing the power of technology and expertise, GTI Energy plays a pivotal role in shaping a sustainable energy future for all.
The Institute of Gas Technology's dedication to its clients is evident in its approach to sponsoring energy and environmental research and development. Its projects focus directly on the clients' specific needs, with the aim of providing practical and efficient solutions. The Institute's commitment to its mission has led to an impressive roster of 226 clients, who have all benefited from its innovative approach and technical prowess. By turning cutting-edge technology and insight into tangible solutions, the Institute of Gas Technology continues to make a significant impact on the energy landscape. With its customer-centric focus and commitment to research and development, the Institute stands as a beacon of innovation in the energy sector.
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Impact
October, 2024
The Institute of Gas Technology, known as GTI Energy, plays a pivotal role in addressing critical energy challenges globally. By transforming technology and insights into actionable solutions, GTI Energy creates significant value for its clients, which include 226 organizations across various sectors. Their work encompasses sponsored energy and environmental research and development, focusing on innovative approaches to enhance energy systems and sustainability.
Located in Des Plaines, IL, GTI Energy emphasizes direct project costs in its program services, ensuring that resources are allocated efficiently to tackle pressing energy issues. Their mission centers on leveraging advanced scientific research to offer practical answers that benefit a wide range of stakeholders, thereby contributing to the evolution of energy technologies and environmental best practices. The impact of GTI Energy is evident in its ability to foster innovation and drive meaningful advancements in energy efficiency and sustainability on a global scale.
This information is meant to be a general summary of Institute Of Gas Technology. 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: $1,523,535
- Program Service Revenue: $51,827,285
- Gross Receipts: $128,155,003
Assets and Liabilities:
- Total Assets: $146,565,519
- Total Liabilities: $62,657,733
- Net Assets: $83,907,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDUSTRY SPONSORED RESEARCH
Revenue
$48,877,484
EDUCATION/PROGRAM DEVELOPMENT
Revenue
$2,949,686
LIBRARY SERVICES
Revenue
$115
Organization Details
Founding Year
1941
Phone
(847) 768-0500Principal Officer
James Ingold
Main Address
1700 S Mount Prospect Road, Des Plaines, IL, 600181804
Website
www.gti.energy/NTEE Category
Code: U330 - Science research
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