Overview
What is The Jain Family Institute?
The Jain Family Institute, a New York-based nonprofit located at 568 BROADWAY 601, New York, NY 10012, is dedicated to addressing pressing social issues by identifying and cultivating high-impact policy interventions. With a team of 42 employees, the institute conducts applied research and fosters social entrepreneurship to translate global policy theories into practical solutions. Its projects primarily focus on guaranteed income, higher education finance, social wealth, digital ethics and governance. The institute also manages a publication called Phenomenal World, which features rigorous and innovative writings on economics, history, finance, policy, and politics. Additionally, the Jain Family Institute assists in designing and incubating new philanthropic initiatives, which in 2022 resulted in the creation of the New Institute of Political Economy and the Center for Active Stewardship. The Fund for Guaranteed Income, incubated by the institute since 2020, became an independent 501(c)(3) organization in 2022.
Official website here: www.jainfamilyinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Jain Family Institute has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are several areas in need of improvement. With an overall score of 62%, the organization demonstrates a reasonable level of accountability and finance management, though specific areas such as fundraising efficiency and the independent board's size raise concerns. While the majority of board members are independent, the low number of independent members limits effective governance.
Strengths of the organization include a high program expense ratio of 85.68%, reflecting a strong commitment to utilizing funds for its mission-driven activities. Additionally, the organization has established comprehensive policies related to conflict of interest, whistleblower protections, and document retention, which contribute positively to its accountability framework. The absence of material asset diversion indicates a solid operational integrity.
However, the organization faces challenges with its financial structure, as evidenced by a high liabilities to assets ratio of 88.61% and an exceptionally low working capital ratio of just 0.02 years. These factors suggest potential financial instability and raise questions about its long-term sustainability. Overall, while The Jain Family Institute shows promise in its programmatic focus, addressing its financial management practices is critical for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Jain Family Institute legitimate?
The Jain Family Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jain Family 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: $642,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,244,843
For more financial information, click here
Official website here: www.jainfamilyinstitute.org
What is the mission statement of The Jain Family Institute?
The Jain Family Institute is an applied research organization with a mission to address pressing social problems by identifying and building high-impact policy interventions. They serve as a platform for research and social entrepreneurship, translating global policy theory into practical applications. Their active projects span various areas such as guaranteed income, higher education finance, social wealth, and digital ethics & governance. They also manage a publication, Phenomenal World, focusing on rigorous and innovative writing on economics, history, finance, policy, and politics. Furthermore, the institute assists in designing and incubating new philanthropic initiatives, recently launching the New Institute of Political Economy and the Center for Active Stewardship. The Fund for Guaranteed Income, incubated by the institute since 2020, became an independent 501(c)(3) in 2022.
Official website here: www.jainfamilyinstitute.org
Who is the CEO of The Jain Family Institute?
Michael Stynes is the President/Chairman of The Jain Family Institute. The CEO's salary of The Jain Family Institute is $200,259 and their total compensation is $234,235.
Official website here: www.jainfamilyinstitute.org
What is the revenue of The Jain Family Institute?
The Jain Family Institute's revenue in 2022 was $5,246,560.
Official website here: www.jainfamilyinstitute.org
Who are the executives of The Jain Family Institute and what are their salaries?
The average compensation at The Jain Family Institute during 2022 was $68,755. There are 42 employees and 2 volunteers at The Jain Family Institute.
Here are 10 key members and their salaries (The Jain Family Institute's CEO's salary is $200,259 and their total compensation is $234,235):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $200,259
- Related: $0
- Other: $33,976
- Compensation: $149,006
- Related: $0
- Other: $21,527
- Compensation: $199,744
- Related: $0
- Other: $38,367
- Compensation: $138,383
- Related: $0
- Other: $35,600
- Compensation: $138,383
- Related: $0
- Other: $14,949
- Compensation: $132,141
- Related: $0
- Other: $24,839
- Compensation: $130,333
- Related: $0
- Other: $5,534
- Compensation: $118,310
- Related: $0
- Other: $6,808
Official website here: www.jainfamilyinstitute.org
Where can I find the form 990 for The Jain Family Institute?
The Jain Family Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jainfamilyinstitute.org
Learn more at the official website: www.jainfamilyinstitute.org
Mission Statement of The Jain Family Institute
The Jain Family Institute, an applied research organization, is committed to addressing pressing social problems by identifying and building high-impact policy interventions. Its mission is to bridge the gap between policy theory and real-world progress, serving as a platform for research and social entrepreneurship. By focusing on areas such as guaranteed income, higher education finance, social wealth, and digital ethics & governance, the institute aims to translate global policy into practical solutions. The Jain Family Institute also helps design and incubate new philanthropic initiatives, collaborating with partners from various sectors, including government, industry, academia, and others. In 2022, two new initiatives were launched: the New Institute of Political Economy, focusing on macroeconomic policy, history, and law, and the Center for Active Stewardship, examining the relationship between the asset management industry and private sector action on climate change. The Fund for Guaranteed Income, incubated by the institute since 2020, became an independent 501(c)(3) organization in 2022.
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Impact
July, 2024
The Jain Family Institute has a significant impact on addressing pressing social problems by identifying and building high-impact policy interventions. Some of their active projects include work in the areas of guaranteed income, higher education finance, social wealth, and digital ethics & governance. They also manage Phenomenal World, a publication dedicated to rigorous and innovative writing on economics, history, finance, policy, and politics. Additionally, the institute collaborates with partners in government, industry, academia, and other sectors to design and incubate new philanthropic initiatives.
In 2022, the Jain Family Institute introduced two new initiatives: the New Institute of Political Economy, focused on macroeconomic policy, history, and law, and the Center for Active Stewardship, focused on the relationship between the asset management industry and private sector action on climate change. Their Fund for Guaranteed Income, which was incubated by the institute in 2020, became an independent 501(c)(3) organization in 2022.
Overall, the Jain Family Institute's work translates global policy from theory to practice, making real-world progress towards solving social challenges.
This information is meant to be a general summary of The Jain Family 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: $111
- Program Service Revenue: $110,979
- Gross Receipts: $5,246,560
Assets and Liabilities:
- Total Assets: $1,293,147
- Total Liabilities: $1,145,897
- Net Assets: $147,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVISORY FEE
Revenue
$110,979
Organization Details
Founding Year
2015
Phone
(917) 488-3995Principal Officer
Michael Stynes
Main Address
568 BROADWAY 601, NEW YORK, NY, 10012
Website
www.jainfamilyinstitute.orgNTEE Category
Code: B80 - Education
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