Overview
What is Innovative Policy Lab Research Improving Peoples Lives?
Innovative Policy Lab, referred to as RIPL, is a nonprofit organization based in Providence, Rhode Island. Their primary mission is to conduct economic research for the public's benefit, aiming to enhance policies and improve lives using data, science, and technology. RIPL's flagship program, named DOORS, partners with state and local governments to provide a customized implementation of a reskilling solution. DOORS assists jobseekers in discovering, training, and transitioning into successful new careers in growing industries. It uses a three-stage approach to deliver personalized career recommendations, direct workers to effective workforce training programs, and match residents to the best-fit job opportunities. In 2022, RIPL launched DOORS in four states, including Hawaii, Maryland, Colorado, and New Jersey. With a staff of 31, RIPL plays a significant role in helping governments utilize data and technology for policy improvement and societal betterment.
Official website here: www.ripl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Innovative Policy Lab Research Improving Peoples Lives has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The rating is based solely on their accountability and finance score, which stands at 90%. This high score indicates effective financial management and transparency, essential for gaining public trust and support.
The organization demonstrates robust governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies. Their financial health is highlighted by a favorable liabilities to assets ratio, a solid program expense ratio of 76.34%, and a notably efficient fundraising cost of just $0.08 per dollar raised. These metrics suggest that the nonprofit effectively utilizes its funds to maximize impact.
However, the organization does have a limitation in its independent board size, receiving a score of 0 out of 10 in that area, which may raise questions about the breadth of oversight. Overall, the Innovative Policy Lab Research Improving Peoples Lives exemplifies good financial practices and transparency, making it a reliable choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Policy Lab Research Improving Peoples Lives legitimate?
Innovative Policy Lab Research Improving Peoples Lives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Policy Lab Research Improving Peoples Lives 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: $780,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,869,163
For more financial information, click here
Official website here: www.ripl.org
What is the mission statement of Innovative Policy Lab Research Improving Peoples Lives?
Innovative Policy Lab Research Improving Peoples Lives, a tech-driven nonprofit, focuses on conducting economic research to benefit the public. Their mission is to empower policy leaders to create effective policies that deliver measurable improvements for Americans in need, ensuring that each dollar spent yields significant results. The organization partners with state and local governments to implement the Data for Opportunity in Occupational Reskilling Solution (DOORS), which provides tools for jobseekers to discover, train, and transition into successful careers in growing industries. The three-stage approach of DOORS delivers personalized career recommendations, directs workers to proven workforce training programs, and matches residents to suitable job opportunities. In 2022, the organization launched DOORS in four states, including Hawaii, Maryland, Colorado, and New Jersey.
Official website here: www.ripl.org
Who is the CEO of Innovative Policy Lab Research Improving Peoples Lives?
Scott Jensen is the CEO of Innovative Policy Lab Research Improving Peoples Lives The CEO's salary of Innovative Policy Lab Research Improving Peoples Lives is $139,789 and their total compensation is $182,861.
Official website here: www.ripl.org
What is the revenue of Innovative Policy Lab Research Improving Peoples Lives?
Innovative Policy Lab Research Improving Peoples Lives's revenue in 2023 was $3,349,508.
Official website here: www.ripl.org
Who are the executives of Innovative Policy Lab Research Improving Peoples Lives and what are their salaries?
The average compensation at Innovative Policy Lab Research Improving Peoples Lives during 2023 was $125,858. There are 29 employees and 4 volunteers at Innovative Policy Lab Research Improving Peoples Lives.
Here are 15 key members and their salaries (Innovative Policy Lab Research Improving Peoples Lives's CEO's salary is $139,789 and their total compensation is $182,861):
- Compensation: $13,600
- 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: $139,789
- Related: $0
- Other: $43,072
- Compensation: $167,927
- Related: $0
- Other: $15,344
- Compensation: $168,203
- Related: $0
- Other: $16,669
- Compensation: $188,622
- Related: $0
- Other: $27,495
- Compensation: $172,240
- Related: $0
- Other: $18,431
- Compensation: $161,924
- Related: $0
- Other: $38,351
- Compensation: $184,553
- Related: $0
- Other: $19,327
- Compensation: $156,770
- Related: $0
- Other: $7,526
- Compensation: $145,649
- Related: $0
- Other: $26,546
Official website here: www.ripl.org
Where can I find the form 990 for Innovative Policy Lab Research Improving Peoples Lives?
Innovative Policy Lab Research Improving Peoples Lives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ripl.org
Learn more at the official website: www.ripl.org
Mission Statement of Innovative Policy Lab Research Improving Peoples Lives
Innovative Policy Lab, a tech-for-social-impact organization, is dedicated to utilizing data, science, and technology to enhance policy and improve lives. This nonprofit works closely with governments, equipping them with the necessary tools to create effective policies that deliver measurable improvements for individuals in need, ensuring that each dollar spent yields the maximum benefit.
The primary program of Innovative Policy Lab is the implementation of the Data for Opportunity in Occupational Reskilling Solution (DOORS). DOORS is a customized service that unlocks previously inaccessible government administrative data and puts it to use for state residents. It employs a three-stage approach to deliver personalized career recommendations in growing industries, direct workers to workforce training programs proven to re-employ them in those industries, and match residents with the best-fit job opportunities available. In 2022, Innovative Policy Lab launched DOORS in four states, including Hawaii, Maryland, Colorado, and New Jersey.
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Impact
July, 2024
Innovative Policy Lab Research Improving Peoples Lives, through its program DOORS, has had a significant impact on improving people's lives. By partnering with state and local governments in Hawaii, Maryland, Colorado, and New Jersey, this organization has provided job seekers across America with the tools they need to discover, train, and transition into successful new careers.
DOORS utilizes government administrative data in a three-staged approach to deliver personalized career recommendations, direct workers to workforce training programs, and match residents to available job opportunities. This innovative initiative has unlocked previously inaccessible data and put it to work for state residents, ultimately helping individuals find their best-fit career paths.
The impact of Innovative Policy Lab Research Improving Peoples Lives can be seen in the measurable improvement per dollar spent for Americans in need. By equipping policy leaders with data, science, and technology, this organization is helping governments improve policies and ultimately enhance the lives of individuals seeking new opportunities in the workforce.
This information is meant to be a general summary of Innovative Policy Lab Research Improving Peoples Lives. 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: $21,125
- Program Service Revenue: $1,660,129
- Gross Receipts: $3,349,508
Assets and Liabilities:
- Total Assets: $2,595,434
- Total Liabilities: $292,529
- Net Assets: $2,302,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,660,129
Organization Details
Founding Year
2013
Principal Officer
Justine Hastings
Website
www.ripl.orgNTEE Category
Code: B90 - Education
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