Overview
What is Iqm Research Institute?
The Iqm Research Institute, also known as IQMRI, is a nonprofit organization based in Ann Arbor, Michigan. Situated at 24 Frank Lloyd Wright Drive, the institute primarily focuses on conducting fundamental and applied research as part of a United States government contract. With a mission to serve both governmental and educational institutions as well as private industry, their research contributes to the advancement of high technology within the state of Michigan. The institute currently employs a team of 19 individuals, dedicated to carrying out this important mission in the public interest.
Official website here: www.iqmri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Iqm Research Institute has received a "Needs Improvement" rating from Charity Navigator, with an overall score of 66%. This rating highlights concerns in certain areas of accountability and financial management, particularly the low percentage of independent board members, which stands at 42%. While the organization demonstrates strengths in its financial statements oversight and conflict of interest policies, the lack of independent governance may impact its operational transparency.
The organization performs well in financial auditing and has no reported material diversion of assets, indicating a strong commitment to financial integrity. However, its liabilities to assets ratio is notably high at 69.77%, which may raise concerns regarding financial stability and sustainability. The program expense ratio is relatively favorable at 64.47%, suggesting that a significant portion of funds is directed towards its programs.
Despite these strengths, the absence of the tax form on the nonprofit's website reflects a gap in transparency that could affect donor trust. Overall, while Iqm Research Institute shows commitment to certain governance practices, there are significant areas that require improvement to enhance its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Iqm Research Institute legitimate?
Iqm Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iqm Research Institute 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: $355,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $880,448
For more financial information, click here
Official website here: www.iqmri.org
What is the mission statement of Iqm Research Institute?
The Iqm Research Institute is dedicated to carrying out fundamental and applied research in the public interest. This mission serves both governmental and educational institutions as well as private industry. The primary goal is to attract high technology to the state of Michigan by conducting research. This institute's work is not limited to the United States government contract alone, but it extends its research scope for the betterment of society at large.
Official website here: www.iqmri.org
Who is the CEO of Iqm Research Institute?
Michael Dudzik is the President And Ceo of Iqm Research Institute. The CEO's salary of Iqm Research Institute is $186,080 and their total compensation is $186,080.
Official website here: www.iqmri.org
What is the revenue of Iqm Research Institute?
Iqm Research Institute's revenue in 2022 was $3,164,974.
Official website here: www.iqmri.org
Who are the executives of Iqm Research Institute and what are their salaries?
The average compensation at Iqm Research Institute during 2022 was $65,032. There are 19 employees and 3 volunteers at Iqm Research Institute.
Here are 9 key members and their salaries (Iqm Research Institute's CEO's salary is $186,080 and their total compensation is $186,080):
- Compensation: $186,080
- Related: $0
- Other: $0
- Compensation: $161,005
- Related: $0
- Other: $0
- Compensation: $121,535
- Related: $0
- Other: $0
- Compensation: $114,303
- Related: $0
- Other: $0
- Compensation: $51,083
- Related: $21,983
- Other: $0
- Compensation: $3,702
- 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.iqmri.org
Where can I find the form 990 for Iqm Research Institute?
Iqm Research Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iqmri.org
Learn more at the official website: www.iqmri.org
Mission Statement of Iqm Research Institute
Iqm Research Institute, a renowned organization, is dedicated to performing both fundamental and applied research. Their mission is primarily focused on serving governmental and educational institutions, as well as private industry. The institute aims to attract high technology to the state of Michigan by conducting research in the public interest. By engaging in this endeavor, Iqm Research Institute aims to contribute to the advancement of knowledge and technology, ultimately benefiting society as a whole. The institute's work is not limited to basic research, as it also extends to applied research, ensuring its findings can be practically applied in various fields.
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Impact
July, 2024
Iqm Research Institute's impact lies in performing fundamental and applied research for governmental and educational institutions. By conducting basic research for a United States government contract, this institute contributes to advancing scientific knowledge and innovation. Their mission of conducting research in the public interest for various sectors helps attract high technology to the state of Michigan. Through their dedication to science research, Iqm Research Institute plays a crucial role in driving technological advancements and fostering collaboration between academia, government, and industry.
This information is meant to be a general summary of Iqm Research Institute. 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: $1,822
- Program Service Revenue: $501,193
- Gross Receipts: $3,164,974
Assets and Liabilities:
- Total Assets: $1,135,301
- Total Liabilities: $792,133
- Net Assets: $343,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$501,193
Organization Details
Founding Year
2014
Phone
(801) 224-1717Principal Officer
Michael Dudzik
Main Address
24 FRANK LLOYD WRIGHT DR H1200, ANN ARBOR, MI, 48105
Website
www.iqmri.orgNTEE Category
Code: U20 - Science research
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