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Institute For Construction Economic Research

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463515444 ✦ East lansing, MI ✦ Designated as a 501(c)(3)

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Overview

What is Institute For Construction Economic Research?

The Institute for Construction Economic Research is a nonprofit organization based in East Lansing, Michigan. Its primary focus is to conduct high-quality research on the challenges facing the construction industry, such as workforce sustainability, safety, productivity, and technology integration. The institute collaborates with existing construction researchers and encourages new investigators to join the field of construction research. It disseminates its findings through a working paper series, web presence, and conferences, aiming to provide practical solutions to the industry's issues. The Institute for Construction Economics Research also works to build a network of researchers focused on construction-related problems and ongoing programs.


Official website here: www.iceres.org/

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star Rating. The Institute For Construction Economic Research has received this rating primarily due to its score in Accountability & Finance, which stands at 73%. This score indicates that while the organization has some strengths, there are several areas for improvement that impact its overall standing.

Strengths of the organization include a strong program expense ratio of 84%, suggesting that a significant portion of its funds are allocated to its programs rather than administrative costs. Additionally, the organization has a high score for material diversion of assets and a solid liabilities to assets ratio, indicating financial stability. The independent board size is also commendable, achieving full points in this area.

However, key limitations are evident, especially concerning governance. The charity scored zero points for having a majority of independent board members and for not having a whistleblower or document retention policy. These deficiencies in governance could raise concerns about transparency and accountability within the organization. Overall, while there are positive aspects, the Institute For Construction Economic Research must address its governance practices to improve its standing.


This AI summary has been generated from information found on Charity Navigator.

Is Institute For Construction Economic Research legitimate?

Institute For Construction Economic Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Construction Economic Research 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: $133,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iceres.org/

What is the mission statement of Institute For Construction Economic Research?

The Institute for Construction Economic Research is dedicated to supporting high-quality research on the challenges facing the construction industry. Recognizing the pressing long-term issues surrounding workforce sustainability, safety, productivity, and technology integration, the organization aims to discover and disseminate practical solutions. Through non-partisan research collaborations with existing construction researchers and attracting new investigators, the Institute for Construction Economic Research aspires to develop a network of researchers focused on construction issues. In addition to its research support, the organization disseminates findings through a working paper series, a web presence, and conferences.


Official website here: www.iceres.org/

Who is the CEO of Institute For Construction Economic Research?

Julie Brockman is the President of Institute For Construction Economic Research.


Official website here: www.iceres.org/

What is the revenue of Institute For Construction Economic Research?

Institute For Construction Economic Research's revenue in 2022 was $185,354.


Official website here: www.iceres.org/

Who are the executives of Institute For Construction Economic Research and what are their salaries?

There 10 volunteers at Institute For Construction Economic Research.


Here are 9 key members and their salaries:


Russ Ormiston Phd (President)
  • Compensation: $72,974
  • Related: $0
  • Other: $0
Dale Belman Phd (Member)
  • Compensation: $21,174
  • Related: $0
  • Other: $0
Kevin Duncan Phd (Member)
  • Compensation: $15,000
  • Related: $0
  • Other: $0
Julie Brockman Phd (Executive Director)
  • Compensation: $14,000
  • Related: $0
  • Other: $0
Cihan Bilginsoy Phd (Member)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Chris Trahan Cain (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Waddoups Phd (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Littlehale (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Bodah Phd (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iceres.org/

Where can I find the form 990 for Institute For Construction Economic Research?

Institute For Construction Economic Research's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iceres.org/

Learn more at the official website: www.iceres.org/

Mission Statement of Institute For Construction Economic Research

The Institute for Construction Economic Research is dedicated to supporting high-quality research on the challenges facing the construction industry. Its mission is centered around addressing pressing long-term issues such as workforce sustainability, safety, productivity, and the integration of technology within the construction sector. The organization aims to find and disseminate practical solutions to these challenges and other construction-related problems through non-partisan research.

To achieve this, the Institute collaborates with existing construction researchers and attracts new investigators into the field of construction research. It develops a network of researchers, fostering ongoing programs on construction issues. The Institute also disseminates this research through various channels, including a working paper series, a web presence, and conferences. This ensures that the findings of these studies reach a wide audience within the construction industry, contributing to a more informed and proactive response to the challenges facing the sector.

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Impact




October, 2024

The Institute for Construction Economic Research significantly impacts the construction industry by addressing critical long-term challenges such as workforce sustainability, safety, productivity, and technology integration. By supporting high-quality non-partisan research, the Institute endeavors to develop and share pragmatic solutions to these pressing issues.

Through its initiatives, it creates a working paper series that provides valuable insights and findings, a robust online presence that facilitates knowledge sharing, and hosts conferences that foster collaboration among industry stakeholders. By attracting new researchers and collaborating with established academics, the Institute contributes to a growing pool of expertise dedicated to the advancement of construction research.

Overall, its efforts help to enhance understanding within the industry, promote effective practices, and build a network of informed professionals committed to improving the construction sector.




This information is meant to be a general summary of Institute For Construction Economic Research. 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.

Revenue
$185,354 (2022)
Expenses
$251,011 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $703
  • Program Service Revenue: $154,651
  • Gross Receipts: $185,354

Assets and Liabilities:

  • Total Assets: $173,940
  • Total Liabilities: $42,300
  • Net Assets: $131,640

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESEARCH

Revenue

$154,651

Organization Details

Founding Year

2013

Principal Officer

Julie Brockman

Main Address

PO BOX 4729, EAST LANSING, MI, 48826

NTEE Category

Code: B99 - Education

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