Overview
What is Innovateedu Inc?
Innovateedu Inc is a dedicated nonprofit organization based in Brooklyn, New York. Their primary focus lies in enhancing research and development infrastructure within the education sector. By facilitating collaboration among stakeholders in education, Innovateedu aims to address common challenges such as staffing, technology, and supporting students with disabilities. Their mission is to eliminate the achievement gap by fostering innovation in education, specifically by accelerating the development of Common Core-aligned, next-generation learning models and tools that enhance teaching and learning experiences. With a workforce of 93 individuals, Innovateedu is committed to making a significant impact in the field of education.
Official website here: www.innovateedunyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Innovateedu Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The charity boasts a high Accountability & Finance score of 92 and an impressive Culture & Community score of 95, indicating a well-structured organization guided by a fully independent board. Their policies on conflict of interest and whistleblowing, along with transparent tax form disclosures, further underscore their dedication to ethical practices.
The organization demonstrates significant efficiency in its operations, with a program expense ratio of 84.25%, indicating that a large portion of funds goes directly to its programs. Additionally, the fundraising efficiency ratio of just $0.01 suggests that they keep fundraising costs minimal, maximizing the impact of donations. A low liabilities to assets ratio of 7.59% and a working capital ratio of 1.44 years also point to a sound financial position.
Feedback from constituents highlights the organization’s effectiveness, as evidenced by a perfect score in both feedback collection and usage. This strong engagement reflects Innovateedu Inc's commitment to understanding and addressing the needs of those it serves. Overall, while the organization excels in many areas, continued focus on maintaining transparency and responsiveness will be vital for sustaining its stellar reputation and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Innovateedu Inc legitimate?
Innovateedu Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovateedu 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: $272,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,745,955
For more financial information, click here
Official website here: www.innovateedunyc.org
What is the mission statement of Innovateedu Inc?
Innovateedu Inc's mission is centered around eliminating the achievement gap in education. They aim to accomplish this by fostering innovation in learning models and tools that align with Common Core standards and are suitable for the next generation. This mission is carried out by accelerating the development of these resources, which serve to enhance, inform, and support both teaching and learning processes. The organization actively collaborates with stakeholders in the education field to address common challenges, including staffing, technology, and supporting students with disabilities. By doing so, Innovateedu Inc strives to improve the overall education system.
Official website here: www.innovateedunyc.org
Who is the CEO of Innovateedu Inc?
Erin Mote is the Member / Executive Director of Innovateedu Inc.
Official website here: www.innovateedunyc.org
What is the revenue of Innovateedu Inc?
Innovateedu Inc's revenue in 2022 was $5,723,231.
Official website here: www.innovateedunyc.org
Who are the executives of Innovateedu Inc and what are their salaries?
The average compensation at Innovateedu Inc during 2022 was $21,706. There are 93 employees and 6 volunteers at Innovateedu Inc.
Here are 11 key members and their salaries:
- Compensation: $240,597
- Related: $0
- Other: $28,376
- Compensation: $131,820
- Related: $0
- Other: $4,699
- Compensation: $112,813
- Related: $0
- Other: $18,809
- Compensation: $102,017
- Related: $0
- Other: $28,195
- Compensation: $109,859
- Related: $0
- Other: $17,205
- 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.innovateedunyc.org
Where can I find the form 990 for Innovateedu Inc?
Innovateedu Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovateedunyc.org
Learn more at the official website: www.innovateedunyc.org
Mission Statement of Innovateedu Inc
Innovateedu Inc, a nonprofit organization, is committed to eliminating the achievement gap in education. They achieve this by accelerating innovation in learning models and tools that are aligned with Common Core standards and designed for the next generation. This mission is aimed at serving, informing, and enhancing teaching and learning processes. By bringing together stakeholders in the educational field, Innovateedu Inc seeks to improve research and development infrastructure, addressing challenges related to staffing, technology, and supporting students with disabilities.
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Impact
July, 2024
Innovateedu Inc is working towards eliminating the achievement gap by accelerating innovation in common core-aligned, next-generation learning models and tools. Through their activities, they aim to improve research and development infrastructure in education by bringing stakeholders together to solve shared challenges related to staffing, technology, and supporting students with disabilities. Their efforts in the field of education in Brooklyn, NY, are geared towards enhancing teaching and learning to address the achievement gap.
This information is meant to be a general summary of Innovateedu 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: $29
- Program Service Revenue: $793,793
- Gross Receipts: $5,723,231
Assets and Liabilities:
- Total Assets: $5,320,526
- Total Liabilities: $494,854
- Net Assets: $4,825,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FELLOWSHIP SERVICES
Revenue
$793,793
Organization Details
Founding Year
2013
Phone
(347) 593-8369Principal Officer
Erin Mote
Main Address
PO BOX 25796, BROOKLYN, NY, 11202
Website
www.innovateedunyc.orgNTEE Category
Code: B90 - Education
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