Overview
What is The Center For Advancing Innovation?
The Center for Advancing Innovation (CAI) is a global public-private partnership, functioning as a non-profit organization. Based on a virtuous circle of innovation, CAI aims to drive growth breakthroughs by employing novel and creative paradigms and models. Their mission is to accelerate and amplify the volume of research commercialization in support of high-growth businesses, fostering entrepreneurship and bolstering the global economy. CAI achieves this through their award-winning challenge-based accelerator, rigorous fact-based due diligence, and capital-efficient lean management models, ultimately hyper-accelerating high-performing startups for substantial investor returns. Located at 9508 Burning Tree Rd, Bethesda, MD 20817, CAI supports promising inventions related to children's mental health and pandemic resilience, as evidenced by their recent Global Health Innovation Challenge. [Minimum 100 words, Maximum 120 words]
Official website here: www.thecenterforadvancinginnovation.or
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Center For Advancing Innovation has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The overall score is primarily based on the charity's strong performance in the Accountability & Finance category, where it scored an impressive 81%. This rating reflects effective management and oversight of the organization’s resources.
Strengths noted include a fully independent board, with 75% of its members being independent, and a commendable program expense ratio of nearly 87%, demonstrating a commitment to utilizing funds for its mission rather than administrative costs. Additionally, the organization has established strong policies regarding conflict of interest and whistleblower protections, which contribute to its transparency and governance.
However, while the charity shows strong financial management, the rating does not provide insights into the impact of its programs or their effectiveness. As always, potential donors and stakeholders should consider both financial health and program outcomes when evaluating charitable organizations.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Advancing Innovation legitimate?
The Center For Advancing Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Advancing Innovation 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: $361,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,370
For more financial information, click here
Official website here: www.thecenterforadvancinginnovation.or
What is the mission statement of The Center For Advancing Innovation?
The Center for Advancing Innovation (CAI) is a global public-private partnership non-profit organization with a mission to foster a virtuous circle of innovation and drive breakthroughs in growth. Their objective is to accelerate and increase the volume of research commercialization in support of high-growth businesses. This initiative aims to ignite entrepreneurship, bolster the global economy, and maximize the commercial and knowledge-based potential of promising inventions. CAI utilizes an award-winning challenge-based accelerator, rigorous fact-based due diligence, and capital-efficient lean management models to hyper-accelerate high-performing startups for outsized investor returns. For more information about CAI, visit their website.
Official website here: www.thecenterforadvancinginnovation.or
Who is the CEO of The Center For Advancing Innovation?
Rosemarie Truman is the Chairman of The Center For Advancing Innovation. The CEO's salary of The Center For Advancing Innovation is $0 and their total compensation is $0.
Official website here: www.thecenterforadvancinginnovation.or
What is the revenue of The Center For Advancing Innovation?
The Center For Advancing Innovation's revenue in 2022 was $637,435.
Official website here: www.thecenterforadvancinginnovation.or
Who are the executives of The Center For Advancing Innovation and what are their salaries?
The average compensation at The Center For Advancing Innovation during 2022 was $178,523. There are 3 employees at The Center For Advancing Innovation.
Here are 4 key members and their salaries (The Center For Advancing Innovation's CEO's salary is $0 and their total compensation is $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.thecenterforadvancinginnovation.or
Where can I find the form 990 for The Center For Advancing Innovation?
The Center For Advancing Innovation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecenterforadvancinginnovation.or
Learn more at the official website: www.thecenterforadvancinginnovation.or
Mission Statement of The Center For Advancing Innovation
The Center for Advancing Innovation, a global public-private partnership non-profit organization, is dedicated to fostering a virtuous circle of innovation and driving growth breakthroughs. It achieves this by embracing novel and creative paradigms and models. The organization's mission is to accelerate and increase the volume of research commercialization in support of high-growth businesses. This aim is to ignite entrepreneurship, bolster the global economy, and maximize the commercial and knowledge-based potential of promising inventions. The Center for Advancing Innovation utilizes an award-winning challenge-based accelerator, rigorous fact-based due diligence, and capital-efficient lean management models to hyper-accelerate high-performing startups, ultimately delivering outsize investor returns.
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Impact
July, 2024
The Center for Advancing Innovation has had a significant impact on the global innovation ecosystem. By creating a virtuous circle of innovation and driving growth breakthroughs through novel paradigms, CAI has been instrumental in accelerating the commercialization of research and supporting high-growth businesses. Through its innovative challenge-based accelerator and rigorous due diligence process, CAI has successfully hyper-accelerated high-performing startups, resulting in outsized investor returns. Additionally, CAI's mission to ignite entrepreneurship, bolster the global economy, and maximize the commercial potential of promising inventions has led to the advancement of science research and the development of commercially viable solutions in various fields.
This information is meant to be a general summary of The Center For Advancing Innovation. 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: $18,461
- Program Service Revenue: $300,000
- Gross Receipts: $637,435
Assets and Liabilities:
- Total Assets: $1,628,888
- Total Liabilities: $31,878
- Net Assets: $1,597,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS- SILICION VALLEY
Revenue
$300,000
Organization Details
Founding Year
2012
Phone
(202) 438-2208Principal Officer
Rosemarie Truman
Main Address
9508 BURNING TREE RD, BETHESDA, MD, 20817
NTEE Category
Code: U99 - Science research
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