Overview
What is Council On Competitiveness?
The Council On Competitiveness is a nonprofit organization situated in Washington D.C. Its primary mission is to tackle the significant challenges confronting the United States' innovation agenda. By engaging with influential private-sector leaders, the council aims to surpass global competitors in innovation capacity, capability, and competitiveness. Its objective is to establish a strategic action plan that stimulates economic growth and enhances the living standards for all Americans. The council, with a workforce of four individuals, actively works towards this goal.
Official website here: www.compete.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%
The Council on Competitiveness has received a One-Star out of Four Star rating from Charity Navigator, indicating significant areas for improvement. While the organization boasts strong governance indicators, such as a high percentage of independent board members and robust policies for conflicts of interest and whistleblower protections, these strengths are overshadowed by its low program expense and fundraising efficiency ratios. The program expense ratio of 53.07% suggests that a considerable portion of its funding may not be directly benefiting its intended programs.
Furthermore, the organization’s fundraising efficiency ratio is notably low, at $0.032, raising questions about the effectiveness of its fundraising efforts. The working capital ratio of 0.16 years also highlights potential concerns regarding financial sustainability and liquidity. These financial metrics indicate that the Council on Competitiveness may struggle to efficiently allocate resources towards its mission, impacting its overall operational effectiveness.
In summary, while the Council on Competitiveness maintains strong governance and accountability practices, its financial performance metrics reveal critical weaknesses. Addressing these issues could enhance its capacity to fulfill its mission and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Council On Competitiveness legitimate?
Council On Competitiveness is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council On Competitiveness 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: $1,045,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,321
For more financial information, click here
Official website here: www.compete.org
What is the mission statement of Council On Competitiveness?
The Council on Competitiveness is dedicated to establishing a strategic agenda that fosters economic growth and enhances the living standards for all Americans. To achieve this, they engage with influential private-sector leaders to tackle the significant challenges impeding the U.S. innovation agenda. Their goal is to ignite momentum in the United States, enabling it to surpass other nations in innovation capacity, capability, and competitiveness, as per the National Innovation Commission.
Official website here: www.compete.org
Who is the CEO of Council On Competitiveness?
Deborah L Wince-Smith is the Chair of Council On Competitiveness.
Official website here: www.compete.org
What is the revenue of Council On Competitiveness?
Council On Competitiveness's revenue in 2022 was $3,189,798.
Official website here: www.compete.org
Who are the executives of Council On Competitiveness and what are their salaries?
The average compensation at Council On Competitiveness during 2022 was $296,963. There are 4 employees at Council On Competitiveness.
Here are 8 key members and their salaries:
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- Compensation: $507,000
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- Other: $63,397
- Compensation: $350,978
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- Other: $17,824
- Compensation: $134,263
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- Other: $22,985
Official website here: www.compete.org
Where can I find the form 990 for Council On Competitiveness?
Council On Competitiveness's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.compete.org
Learn more at the official website: www.compete.org
Mission Statement of Council On Competitiveness
The Council on Competitiveness, a distinguished organization, is committed to establishing an action plan that stimulates economic growth and enhances the standard of living for all Americans. In pursuit of this mission, the Council actively engages with prominent private-sector leaders to confront and surmount the critical challenges that impede the United States' innovation agenda. By doing so, they aim to generate momentum in the nation, allowing it to outperform the rest of the world in terms of innovation capacity, capability, and competitiveness. The Council on Competitiveness strives to drive economic development and improve living standards for the American populace through strategic collaboration and problem-solving.
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Impact
July, 2024
The Council on Competitiveness plays a crucial role in driving economic growth and improving the standard of living for all Americans. Through its National Innovation Commission, the organization actively engages private-sector leaders to address and overcome the critical challenges facing the U.S. innovation agenda. By creating momentum and fostering innovation capacity, capability, and competitiveness, the Council on Competitiveness paves the way for the United States to outpace the rest of the world in these key areas.
This information is meant to be a general summary of Council On Competitiveness. 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: $1,444
- Gross Receipts: $3,189,798
Assets and Liabilities:
- Total Assets: $4,127,976
- Total Liabilities: $3,558,336
- Net Assets: $569,640
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Organization Details
Founding Year
1994
Phone
(202) 682-4292Principal Officer
Deborah L Wince-Smith
Main Address
900 17TH STREET NW NO 700, WASHINGTON, DC, 20006
Website
www.compete.orgNTEE Category
Code: W20 - Public benefit
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