Overview
What is Conservation X Labs Inc?
Conservation X Labs Inc is a Washington, D.C.-based nonprofit organization with a team of 22 individuals. Their mission is to apply technology and innovation to prevent the sixth mass extinction by improving the efficacy, speed, cost, sustainability, and scaling of conservation solutions. They achieve this through harnessing exponential technology, innovation, and entrepreneurship. In 2022, they announced winners for the Artisanal Mining Grand Challenge and the Global Microfiber Innovation Challenge, focusing on making artisanal gold mining more environmentally responsible and socially equitable and addressing microfiber pollution, respectively. They also started scoping the Fire Grand Challenge in 2022, seeking solutions to transform local and systemic fire stewardship through engagement and cutting-edge innovation, science, and technology. They held "Little Thinks" in San Francisco, California, and Medellin, Colombia, and plan to host more events in the first quarter of 2023 in the North American West, the Amazon, and Indonesia.
Official website here: www.conservationxlabs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Stars
Conservation X Labs Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 100 in Accountability & Finance, the organization demonstrates a high level of transparency and ethical governance, including a majority independent board and robust financial oversight processes. Their low liabilities to assets ratio and high program expense ratio indicate that most of their resources are directed toward fulfilling their mission.
In addition to its financial strength, Conservation X Labs also excels in leadership and adaptability, scoring a perfect 100 in these areas. The organization shows a clear commitment to developing its leadership capabilities and has demonstrated adaptability in response to changing external circumstances. This resilience is vital for sustaining operations and impact in a dynamic nonprofit landscape.
Despite its strong performance, there are no highlighted limitations in the feedback, suggesting robust operational practices. Overall, Conservation X Labs Inc stands out as a well-managed nonprofit with a clear focus on conservation efforts and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Conservation X Labs Inc legitimate?
Conservation X Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conservation X Labs 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: $367,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,810,374
For more financial information, click here
Official website here: www.conservationxlabs.org
What is the mission statement of Conservation X Labs Inc?
Conservation X Labs Inc is dedicated to improving the effectiveness, affordability, sustainability, and scalability of conservation solutions through the use of exponential technology, innovation, and entrepreneurship. Their mission is to prevent human-induced extinction by addressing environmental and social issues in various sectors. In late 2022, they announced the winners of the Artisanal Mining Grand Challenge, focusing on solutions for more responsible and equitable gold mining in the Amazon. In 2021, they launched the Global Microfiber Innovation Challenge, providing funding and support for promising innovations to address microfiber pollution and bring them to market. In 2022, they started the Fire Grand Challenge, aiming to reimagine fire stewardship by combining local knowledge with cutting-edge innovation, science, and technology. They held "Little Thinks" in San Francisco, CA, and Medellin, Colombia, and plan to host events in Indonesia and the first quarter of 2023. Their team focuses on challenge design and fundraising throughout the year.
Official website here: www.conservationxlabs.org
Who is the CEO of Conservation X Labs Inc?
Alex Dehgan is the Ceo of Conservation X Labs Inc. The CEO's salary of Conservation X Labs Inc is $179,228 and their total compensation is $183,975.
Official website here: www.conservationxlabs.org
What is the revenue of Conservation X Labs Inc?
Conservation X Labs Inc's revenue in 2022 was $7,235,002.
Official website here: www.conservationxlabs.org
Who are the executives of Conservation X Labs Inc and what are their salaries?
The average compensation at Conservation X Labs Inc during 2022 was $99,015. There are 22 employees and 7 volunteers at Conservation X Labs Inc.
Here are 9 key members and their salaries (Conservation X Labs Inc's CEO's salary is $179,228 and their total compensation is $183,975):
- Compensation: $179,228
- Related: $0
- Other: $4,747
- Compensation: $179,228
- Related: $0
- Other: $4,747
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.conservationxlabs.org
Where can I find the form 990 for Conservation X Labs Inc?
Conservation X Labs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.conservationxlabs.org
Learn more at the official website: www.conservationxlabs.org
Mission Statement of Conservation X Labs Inc
Conservation X Labs Inc, a forward-thinking organization, is dedicated to preventing the sixth mass extinction by enhancing the efficiency, speed, cost, sustainability, and scalability of conservation solutions. They harness exponential technology, innovation, and entrepreneurship to address human-induced extinction. The team at Conservation X Labs has announced the winners of several challenges aimed at creating more environmentally responsible and socially equitable practices in industries like artisanal mining and microfiber production.
In the Amazon, Conservation X Labs identified four grand prize-winning innovator teams through the Artisanal Mining Grand Challenge, which took place over the course of six months. These teams were chosen for their potential to minimize the environmental impact and improve social conditions in artisanal and small-scale gold mining. In 2022, the Global Microfiber Innovation Challenge winners were also announced, with a focus on creating solutions to combat microfiber pollution. The organization provided funding and support to these promising innovators to bring their creations to market, ensure financial sustainability, and scale their impact.
Conservation X Labs is currently working on the Fire Grand Challenge, with the goal to transform local and systemic fire stewardship by combining place-based engagement and knowledge with cutting-edge innovation, science, and technology. Collaborative events, known as "Little Thinks," have taken place in the North American West and the Amazon regions as part of the competition design and fundraising process for this challenge. The team is focused on creating solutions that can reimagine how we live with fire and contribute to a more sustainable future.
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Impact
October, 2024
Conservation X Labs Inc drives significant change by harnessing technology and innovation to combat the looming threat of the sixth mass extinction. Through initiatives such as the Artisanal Mining Grand Challenge, it addresses the environmental and social challenges posed by small-scale gold mining in the Amazon, promoting more responsible practices. The recent winners of this challenge exemplify transformative solutions that prioritize both ecological health and community welfare.
Additionally, the organization has made notable strides in tackling microfiber pollution, as demonstrated by the Global Microfiber Innovation Challenge. By providing funding and support to innovative thinkers, they facilitate the development of sustainable solutions aimed at mitigating this pervasive environmental issue.
Looking ahead, Conservation X Labs is scoping the Fire Grand Challenge, aiming to redefine how communities interact with fire. This initiative emphasizes localized engagement paired with advanced scientific and technological approaches, aiming to enhance fire stewardship in key regions like North America, the Amazon, and Indonesia.
Overall, Conservation X Labs Inc is committed to improving the efficacy, speed, cost, sustainability, and scalability of conservation solutions, thereby playing a vital role in preventing human-induced extinction and fostering a healthier planet.
This information is meant to be a general summary of Conservation X Labs 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: $1,052
- Gross Receipts: $7,235,002
Assets and Liabilities:
- Total Assets: $4,325,104
- Total Liabilities: $219,871
- Net Assets: $4,105,233
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Organization Details
Founding Year
2015
Phone
(919) 694-3784Principal Officer
Alex Dehgan
Main Address
1066 31ST STREET NW, WASHINGTON, DC, 20007
Website
www.conservationxlabs.orgNTEE Category
Code: D31 - Animals
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