Overview
What is The Character Lab Inc?
The Character Lab Inc, situated in Philadelphia, Pennsylvania, is a dedicated nonprofit organization focused on enhancing the well-being of young individuals across the nation. By bridging the gap between researchers and educators, they aim to increase our understanding of the factors that contribute to positive youth development. Their efforts have led to the facilitation of 485 studies, the publication of over 50 articles in esteemed journals, and collaborations with partners like HopeLab and Common Sense Media. In 2022-2023, they welcomed 150 young individuals into their Character Lab Internship Program (CLIP). Their mission, to advance scientific insights, is geared towards helping kids thrive, as they actively participate in discussions on youth voice at events by leading institutions. With a team of 35 employees, The Character Lab Inc continues to contribute to the betterment of young lives.
Official website here: www.characterlab.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Star rating).
The Character Lab Inc demonstrates a strong commitment to accountability and financial transparency, achieving an impressive overall score of 97%. This high rating signifies that the organization effectively manages its resources, with no reported material diversion of assets and a solid program expense ratio of 80.03%, indicating that a significant portion of its funds directly supports its mission.
The organization benefits from a well-structured governance framework, with an independent board comprising 88% independent members and robust policies in place, including conflict of interest and whistleblower policies. The financial health of The Character Lab is further reinforced by a favorable liabilities to assets ratio of 15.43% and an excellent fundraising efficiency of just $0.02 per dollar raised.
While The Character Lab showcases numerous strengths, potential donors may wish to consider its working capital ratio of 0.81 years, which suggests that the organization might face challenges in sustaining operations without additional funding or revenue. Overall, The Character Lab Inc exemplifies strong ethical practices and efficient financial management, making it a trustworthy choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is The Character Lab Inc legitimate?
The Character Lab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Character Lab 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: $563,418
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,951,281
For more financial information, click here
Official website here: www.characterlab.org
What is the mission statement of The Character Lab Inc?
The Character Lab Inc's mission is centered around advancing scientific insights that aid in the prosperity of children. By bridging the gap between researchers and educators, they aim to expand knowledge about factors contributing to the well-being of young people nationwide. The organization has achieved notable milestones, including facilitating over 485 studies, helping researchers publish over 50 articles in leading journals, and collaborating with reputable organizations on surveys focusing on teenage social media usage and mental health. The Character Lab Internship Program (CLIP) has also welcomed over 150 young individuals to its next cohort, and they have spearheaded discussions on youth voice at notable events.
Official website here: www.characterlab.org
Who is the CEO of The Character Lab Inc?
Dave Hersh is the Executive Director of The Character Lab Inc. The CEO's salary of The Character Lab Inc is $26,128 and their total compensation is $30,505.
Official website here: www.characterlab.org
What is the revenue of The Character Lab Inc?
The Character Lab Inc's revenue in 2023 was $6,497,664.
Official website here: www.characterlab.org
Who are the executives of The Character Lab Inc and what are their salaries?
The average compensation at The Character Lab Inc during 2023 was $71,849. There are 35 employees and 9 volunteers at The Character Lab Inc.
Here are 16 key members and their salaries (The Character Lab Inc's CEO's salary is $26,128 and their total compensation is $30,505):
- Compensation: $267,059
- Related: $0
- Other: $23,547
- Compensation: $136,105
- Related: $0
- Other: $17,266
- Compensation: $134,179
- Related: $0
- Other: $8,007
- Compensation: $124,346
- Related: $0
- Other: $17,281
- Compensation: $114,136
- Related: $0
- Other: $25,803
- Compensation: $111,562
- Related: $0
- Other: $18,344
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $26,128
- Related: $0
- Other: $4,377
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.characterlab.org
Where can I find the form 990 for The Character Lab Inc?
The Character Lab Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.characterlab.org
Learn more at the official website: www.characterlab.org
Mission Statement of The Character Lab Inc
The Character Lab Inc, a nonprofit organization, is committed to advancing scientific insights that contribute to the well-being of children across the nation. By bridging the gap between researchers and educators, Character Lab aims to expand our understanding of the factors that promote prosperity in young people. Through its efforts, the organization has facilitated numerous studies, resulting in over 50 publications in prominent journals, and has collaborated with organizations such as HopeLab and Common Sense Media on significant projects, including a nationwide survey on teenage social media usage and mental health. In addition, Character Lab's internship program, CLIP, has welcomed over 150 young individuals to its next cohort, furthering its mission to engage with the upcoming generation of scholars and practitioners. Character Lab has also been instrumental in sparking discussions on youth voice at prominent educational events, such as the International Society for Technology in Education (ISTE), SXSW Education, and the American Educational Research Association (AERA).
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Impact
July, 2024
The Character Lab Inc has made a significant impact by facilitating 485 studies to date, helping researchers publish over 50 articles in leading journals, and partnering with organizations to conduct a nationwide survey on teenage social media usage and mental health. Additionally, their Character Lab Internship Program (CLIP) welcomed 150 young people to their next cohort. The organization has also spearheaded discussions on youth voice at events by leading institutions such as the International Society for Technology in Education (ISTE), SXSW Education, and American Educational Research Association (AERA). Through these efforts, The Character Lab Inc is advancing scientific insights that help kids thrive.
This information is meant to be a general summary of The Character Lab 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.
- Investment Income: $7,918
- Program Service Revenue: $37,081
- Gross Receipts: $7,340,789
Assets and Liabilities:
- Total Assets: $5,551,434
- Total Liabilities: $856,898
- Net Assets: $4,694,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH SERVICES
Revenue
$37,081
Organization Details
Founding Year
2012
Phone
(646) 422-7767Principal Officer
Dave Hersh
Main Address
PO BOX 37635 PMB 47960, PHILADELPHIA, PA, 191010635
Website
www.characterlab.orgNTEE Category
Code: B05 - Education
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