Overview
What is Thinkwell Institute?
Thinkwell Institute is a nonprofit organization situated in Leander, Texas. Their primary focus is the Strategic Purchasing for Primary Health Care (SP4PHC) project, which aims to enhance the way governments procure primary health care services, particularly in the areas of family planning and maternal, newborn, and child health. This project is currently being implemented in five countries: Burkina Faso, Indonesia, Kenya, the Philippines, and Uganda. Thinkwell Institute collaborates with public purchasers, such as national health ministries, sub-national health departments, and health insurers, to make informed decisions about which services to cover, which providers to contract, and the payment methods and rates to use. The ultimate goal is to improve the accessibility and quality of primary health care services while controlling costs, ultimately contributing to the overall well-being of society globally.
Official website here: www.thinkwell.institute
What are the reviews and ratings of this charity?
**Thinkwell Institute (EIN: 474007262) - 67% Rating (Two Stars on Charity Navigator)**
The Thinkwell Institute has received a Two-Star out of Four Star rating on Charity Navigator, indicating some areas of concern in its financial management and accountability practices. While it excels in several accountability areas such as independent board membership, material diversion of assets, and having well-structured financial oversight policies, it struggles with document retention and lacks an accessible tax form on its website. These limitations may affect its overall transparency and public trust.
On the positive side, the organization demonstrated a strong commitment to feedback collection and usage, scoring 100% in this category. This suggests Thinkwell Institute values stakeholder input and actively incorporates it into its operations. However, the low fundraising efficiency ratio and working capital ratios indicate potential challenges in financial sustainability, which may warrant further scrutiny from concerned donors and stakeholders.
User reviews from GreatNonprofits are currently unavailable, limiting insights into the experience of beneficiaries and volunteers with the organization. Overall, while Thinkwell Institute shows strengths in community engagement and accountability practices, its financial health and transparency issues may raise questions among potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Thinkwell Institute legitimate?
Thinkwell Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thinkwell 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: $136,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,963,090
For more financial information, click here
Official website here: www.thinkwell.institute
What is the mission statement of Thinkwell Institute?
Thinkwell Institute's mission is to drive organizations and change agents worldwide to spearhead significant improvements in societal well-being. By leveraging its expertise, Thinkwell Institute encourages these entities to implement transformative changes that positively impact various sectors. One of its notable projects, the Strategic Purchasing for Primary Health Care (SP4PHC), aims to enhance how governments procure primary health care services, particularly in areas like family planning and maternal, newborn, and child health. The project operates in five countries, including Burkina Faso, Indonesia, Kenya, the Philippines, and Uganda, assisting public purchasers in making informed decisions about health services coverage, provider selection, and payment methods, ultimately leading to improved access to high-quality primary health care services while controlling costs.
Official website here: www.thinkwell.institute
Who is the CEO of Thinkwell Institute?
Unavailable
Official website here: www.thinkwell.institute
What is the revenue of Thinkwell Institute?
Thinkwell Institute's revenue in 2021 was $8,446,076.
Official website here: www.thinkwell.institute
Who are the executives of Thinkwell Institute and what are their salaries?
There 2 volunteers at Thinkwell Institute.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,313
- Related: $0
- Other: $0
- Compensation: $126,040
- Related: $0
- Other: $10,223
Official website here: www.thinkwell.institute
Where can I find the form 990 for Thinkwell Institute?
Thinkwell Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.thinkwell.institute
Learn more at the official website: www.thinkwell.institute
Mission Statement of Thinkwell Institute
Thinkwell Institute, as a nonprofit organization, is committed to propelling organizations and change-makers worldwide to initiate significant improvements in society's well-being. Their mission lies in empowering these entities to bring about groundbreaking advancements that positively impact societal welfare. In particular, their focus is on primary healthcare services, with a primary emphasis on family planning and maternal, newborn, and child health. The organization works closely with various governments, health ministries, sub-national health departments, and health insurers in five countries: Burkina Faso, Indonesia, Kenya, the Philippines, and Uganda. Their objective is to assist these entities in making more thoughtful decisions regarding which services to cover, which providers to collaborate with, and the appropriate payment methods and rates to employ. By doing so, Thinkwell Institute aims to enhance access to high-quality primary healthcare services while effectively managing costs.
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Impact
July, 2024
Thinkwell Institute propels organizations and change makers across the globe to make groundbreaking improvements to the well-being of society. One of their impactful projects is the Strategic Purchasing for Primary Health Care (SP4PHC) project, which aims to improve how governments purchase primary health care services with a focus on family planning and maternal, newborn, and child health. The project works in five countries - Burkina Faso, Indonesia, Kenya, the Philippines, and Uganda - to help them engage and pay healthcare providers effectively to improve access to high-quality primary health care services while containing costs. By working with public purchasers like national health ministries and health insurers, Thinkwell Institute's country-based teams help make deliberate decisions on service coverage, provider contracting, and payment methods with the ultimate goal of improving health outcomes. This initiative showcases the institute's significant impact in driving positive change in the global health sector.
This information is meant to be a general summary of Thinkwell 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 2021.
- Investment Income: $971
- Gross Receipts: $8,446,076
Assets and Liabilities:
- Total Assets: $7,820,043
- Total Liabilities: $7,574,450
- Net Assets: $245,593
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Organization Details
Founding Year
2015
Phone
(202) 996-9056Main Address
PO BOX 2208, Leander, TX, 78646
Website
www.thinkwell.instituteNTEE Category
Code: Q30 - International
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