Overview
What is Ingenuityne Inc?
Ingenuityne Inc, operating as NE FIRST, is a nonprofit organization based in Bloomfield, Connecticut. Their primary mission is to inspire young individuals to become leaders in the fields of science and technology, fostering a passion for these subjects through engaging mentor-led programs. The organization, which employs three individuals, runs the FIRST Robotics Competition (FRC). In this program, students work in teams to construct robots from standard components, aiming to meet challenges, win awards, and learn valuable skills like teamwork and problem-solving. The objective of FRC is to provide real-world engineering experience, promoting innovation and well-rounded life abilities, such as self-confidence and leadership.
Official website here: www.nefirst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Ingenuityne Inc has received a Three-Star rating from Charity Navigator based on its 77% score, which reflects a strong emphasis on Accountability & Finance. The rating indicates that the organization is mostly transparent with its financial practices, showcasing a commitment to responsible management of funds and resources. The score is derived entirely from accountability metrics, emphasizing the importance of financial integrity in assessing the organization’s performance.
The organization boasts a fully independent board, with 100% of its members meeting independence criteria, which enhances its governance and oversight capabilities. Additionally, it has achieved full marks in various accountability categories, such as having an established audit and oversight committee, a conflict of interest policy, and whistleblower protections. The program expense ratio is also commendable at 76.84%, signaling that a significant portion of its funding is allocated directly to its programs.
However, the organization has a notably high liabilities to assets ratio at 86.31%, which raises concerns regarding its financial stability and ability to meet its obligations. While the charity excels in several areas of accountability, potential donors may want to consider this financial aspect when evaluating their support for Ingenuityne Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ingenuityne Inc?
100% of reviewers on Facebook recommend Ingenuityne Inc, with a total of 5 reviews highlighting their positive experiences. Here’s a summary of their insights:
Feedback indicates that clients are highly satisfied with their collaboration with Ingenuityne Inc, particularly appreciating the quality of events organized by the nonprofit. Participants have noted that the year has been rewarding and engaging, reflecting a strong commitment to providing valuable experiences.
Overall, the sentiment towards Ingenuityne Inc is overwhelmingly positive, showcasing their ability to effectively fulfill their mission and deliver on promises to those they serve. This indicates a strong connection with their community and a dedication to their initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Ingenuityne Inc legitimate?
Ingenuityne Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ingenuityne 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: $137,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,947
For more financial information, click here
Official website here: www.nefirst.org
What is the mission statement of Ingenuityne Inc?
Ingenuityne Inc was established with a mission to inspire young individuals to become leaders in the fields of science, engineering, and technology. This is achieved through engaging them in mentor-led programs that not only build their technical skills but also foster well-rounded life capabilities, such as self-confidence, communication, and leadership. The organization's primary activity is the First Robotics Competition (FRC), where teams of students work together under mentorship to build robots from common parts, competing for awards based on various achievements, including teamwork and innovation. This experience provides students with the opportunity to apply science and technology to solve a challenge under time constraints, thereby developing their technical skills and teamwork abilities.
Official website here: www.nefirst.org
Who is the CEO of Ingenuityne Inc?
Michael Fantom is the Executive Director of Ingenuityne Inc.
Official website here: www.nefirst.org
What is the revenue of Ingenuityne Inc?
Ingenuityne Inc's revenue in 2022 was $1,178,583.
Official website here: www.nefirst.org
Who are the executives of Ingenuityne Inc and what are their salaries?
The average compensation at Ingenuityne Inc during 2022 was $99,761. There are 3 employees and 4268 volunteers at Ingenuityne Inc.
Here are 8 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $4,589
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- 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.nefirst.org
Where can I find the form 990 for Ingenuityne Inc?
Ingenuityne Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nefirst.org
Learn more at the official website: www.nefirst.org
Mission Statement of Ingenuityne Inc
IngenuityNE Inc, a nonprofit organization, was established with the aim of inspiring young individuals to become leaders in the fields of science, engineering, and technology. They accomplish this by engaging youth in exhilarating mentor-based programs. These programs are meticulously designed to foster the development of essential skills such as science, engineering, and technology, as well as nurturing innovation and promoting well-rounded life capabilities, including self-confidence, communication, and leadership.
The primary program through which IngenuityNE Inc achieves its mission is the First Robotics Competition (FRC). In this program, teams of students, working alongside mentors, construct robots using kits of common parts. These robots are built to meet a specified challenge. The students compete for various awards, including those for game scores, safety practices, teamwork, and other qualitative achievements. This competition emphasizes the values of cooperation and inclusion, providing students with the opportunity to apply science and technology to accomplish a specific challenge under time constraints. This experience not only develops their technical skills but also enhances their teamwork abilities and their ability to cope with the satisfaction and disappointments inherent in a real engineering project.
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Impact
July, 2024
Ingenuityne Inc's impact can be seen in its commitment to inspiring young people to become leaders in science and technology. Through engaging mentor-based programs, such as the FIRST Robotics Competition (FRC), the organization provides students with opportunities to develop their skills in engineering and technology. By participating in FRC, students not only gain hands-on experience in building robots to meet specific challenges but also learn the values of cooperation, teamwork, and inclusion.
This experience helps students develop technical skills, teamwork abilities, and the resilience needed to navigate the ups and downs of real engineering projects. Ingenuityne Inc's focus on fostering well-rounded life capabilities, including self-confidence, communication, and leadership, demonstrates its dedication to preparing young individuals for success in both the STEM field and beyond.
This information is meant to be a general summary of Ingenuityne 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: $19
- Program Service Revenue: $284,985
- Gross Receipts: $1,178,583
Assets and Liabilities:
- Total Assets: $491,767
- Total Liabilities: $470,367
- Net Assets: $21,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$254,850
OTHER PROGRAM
Revenue
$30,135
Organization Details
Founding Year
2012
Phone
(860) 819-3300Principal Officer
Michael Fantom
Main Address
PO BOX 940, BLOOMFIELD, CT, 06002
Website
www.nefirst.orgNTEE Category
Code: O50 - Youth development
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