Overview
What is The Krell Institute?
The Krell Institute is a nonprofit organization based in Ames, Iowa, with a suite located at 1609 Golden Aspen Drive. They are dedicated to the advancement of computational science by administering the Department of Energy Computational Science Graduate Fellowship (DOE CSGF) and Stewardship Science Graduate Fellowship programs for the United States Department of Energy. They support highly qualified students in their PhD studies, enabling them to conduct research in computational science and engineering disciplines crucial to the Department of Energy. Fellows must study at a United States research university, complete a research practicum at a Department of Energy laboratory, and attend an annual program review. During FY2023, 39 students were selected and 40 fellows completed their fellowships, bringing the total number of fellows to 128. The organization also manages smaller projects related to computational science as needed and provides communication support to the Department of Energy. Their mission is to promote the application of modern computing, communication, and information technologies to national priorities. The Krell Institute currently employs 24 individuals.
Official website here: www.krellinst.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator indicates that The Krell Institute is performing well overall, earning a Three-Star out of Four Star rating. The organization excels in Accountability & Finance with a score of 93%, reflecting strong governance practices, including an independent board and comprehensive financial audits. The high program expense ratio of 91.17% suggests that a significant portion of their funds is directed towards their programs rather than administrative costs.
Strengths highlighted in the evaluation include the presence of a fully independent board and a robust set of policies ensuring accountability, such as conflict of interest and whistleblower policies. The organization also demonstrates an effective culture of community involvement, with perfect scores in feedback collection and usage, indicating that they actively seek and incorporate stakeholder input into their operations.
However, one area of concern is the liabilities to assets ratio, which stands at 66.31%, signaling potential financial risk. While this does not detract significantly from their overall rating, it is worth noting for potential donors considering the organization's long-term sustainability. Overall, The Krell Institute shows strong performance in key areas, making it a reputable choice for donations.
This AI summary has been generated from information found on Charity Navigator.
Is The Krell Institute legitimate?
The Krell Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Krell Institute 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: $807,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,082,485
For more financial information, click here
Official website here: www.krellinst.org
What is the mission statement of The Krell Institute?
The Krell Institute supports the advancement of computational science by administering fellowship programs for the U.S. Department of Energy. Its mission is to promote the application of modern computing, communication, and information technologies to national priorities. The institute manages the Computational Science Graduate Fellowship and the Stewardship Science Graduate Fellowship, providing research and academic support to highly qualified students in the field of computational science and engineering. Fellows complete a program of study at a U.S. research university, work on a research project at a Department of Energy laboratory, and attend an annual program review. In fiscal year 2023, 39 students were selected to receive fellowships, bringing the total number of fellows in the program to 128. A significant number of program alumni continue to work in the field or have graduated and are employed at Department of Energy laboratories.
Official website here: www.krellinst.org
Who is the CEO of The Krell Institute?
Shelly Olsan is the President of The Krell Institute.
Official website here: www.krellinst.org
What is the revenue of The Krell Institute?
The Krell Institute's revenue in 2023 was $16,793,664.
Official website here: www.krellinst.org
Who are the executives of The Krell Institute and what are their salaries?
The average compensation at The Krell Institute during 2023 was $78,756. There are 24 employees and 86 volunteers at The Krell Institute.
Here are 8 key members and their salaries:
- Compensation: $254,274
- Related: $0
- Other: $57,170
- Compensation: $176,640
- Related: $0
- Other: $52,401
- Compensation: $167,729
- Related: $0
- Other: $41,063
- Compensation: $145,478
- Related: $0
- Other: $34,546
- Compensation: $102,223
- Related: $0
- Other: $21,559
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.krellinst.org
Where can I find the form 990 for The Krell Institute?
The Krell Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.krellinst.org
Learn more at the official website: www.krellinst.org
Mission Statement of The Krell Institute
The Krell Institute, a renowned non-profit organization, is dedicated to advancing the discipline of computational science by administering fellowship programs for the US Department of Energy (DoE). Its primary mission is to promote the application of modern computing, communication, and information technologies to national priorities.
The Institute's flagship initiatives include the Computational Science Graduate Fellowship (CSGF) and the Stewardship Science Graduate Fellowship, which support high-performing students pursuing PhDs in computational science and engineering fields that align with the DoE's Office of Science and National Nuclear Security Administration. The fellows undertake a comprehensive program of study at a US research university, spend a considerable time at a DoE laboratory working on a research project, and attend an annual program review to share experiences with fellow students and DoE staff. During FY2023, 39 students were selected to receive fellowships, bringing the total number to 128. These scholars were enrolled at 47 different research universities across the United States.
Upon completion of their fellowship, the majority of the graduates continue their PhD studies, become post-doctoral students, or have already graduated and entered the workforce. A significant portion of them, 14%, secured employment with DoE laboratories. Thus, The Krell Institute plays a vital role in fostering the next generation of computational scientists by providing them with valuable research opportunities and connections to the scientific community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Krell Institute significantly enhances the field of computational science through its management of critical fellowship programs and projects that align with national priorities. By administering the Computational Science Graduate Fellowship (CSGF) and the Stewardship Science Graduate Fellowship, it supports the educational and research endeavors of highly qualified Ph.D. students in disciplines crucial to the U.S. Department of Energy's missions.
The CSGF program not only funds students for up to four years but also ensures they gain practical experience by spending time at Department of Energy laboratories, which facilitates critical research that benefits the nation. In fiscal year 2023 alone, 40 fellows completed their research practicum, and 39 new fellows were selected, raising the total to 128 across 47 universities. This illustrates the program's expansive reach and its role in fostering a diverse and skilled workforce in computational science.
Alumni of the fellowship demonstrate ongoing success, with 100% of those who completed their fellowship reporting continued academic engagement or employment, including 14% currently working at Department of Energy laboratories. The Krell Institute's efforts promote the application of modern computing technologies to meet national challenges, solidifying its impact in advancing science and engineering education.
This information is meant to be a general summary of The Krell Institute. 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.
- Investment Income: $12,907
- Program Service Revenue: $161,809
- Gross Receipts: $16,793,664
Assets and Liabilities:
- Total Assets: $2,414,467
- Total Liabilities: $1,601,312
- Net Assets: $813,155
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNICATIONS PROJECT
Revenue
$104,013
BETTER SCIENTIFIC SOFTWARE
Revenue
$57,796
Organization Details
Founding Year
1996
Phone
(515) 956-3696Principal Officer
Shelly Olsan
Main Address
1609 GOLDEN ASPEN DRIVE SUITE 101, AMES, IA, 500108078
Website
www.krellinst.orgNTEE Category
Code: B500 - Education
If you are a representative of The Krell Institute and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.