Overview
What is Institute For Operations Research And The Management Sciences?
The Institute For Operations Research And The Management Sciences, also known as INFORMS, is a prominent nonprofit organization located at 5521 Research Park Drive 200, Catonsville, Maryland, 21228. With a team of 55 dedicated professionals, INFORMS is committed to advancing the science and practice of operations research, analytics, and management science. They produce seventeen scientific and scholarly journals, published on a monthly, bi-monthly, and quarterly basis, which showcase the latest operations research and analytics methods and applications. INFORMS' mission is to lead in the development, dissemination, and implementation of knowledge, research, and technologies in the fields of operations research, analytics, management sciences, and related methods for improving operational processes, decision making, and management.
Official website here: www.informs.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates a Four-Star out of Four Star rating for the Institute for Operations Research and the Management Sciences (INFORMS). This high score reflects the organization's strong commitment to accountability and financial management, which received a remarkable 93% of the rating. The independent board structure, robust financial oversight, and transparency in reporting contribute to the charity's positive standing.
Strengths include a fully independent board and exemplary policies regarding conflict of interest and whistleblower protections. The organization has demonstrated effective financial management with a program expense ratio of 90.18%, meaning that a significant portion of funds is directed toward its mission-driven activities. Additionally, the charity excels in fostering a positive culture and community engagement, achieving a perfect score in these areas.
While the summary highlights significant strengths, there are no specific limitations noted in the data. However, the comprehensive evaluation across various criteria suggests that INFORMS adheres to best practices in nonprofit governance and operational effectiveness. This positions the organization as a trustworthy entity for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Institute For Operations Research And The Management Sciences?
100% of the six reviewers on Facebook recommend the Institute for Operations Research and the Management Sciences. Here's a summary of their insights:
The reviews highlight a strong appreciation for the organization, particularly emphasizing its focus on operations research as a valuable application of mathematics. The positive commentary indicates that users find the institute's work to be both relevant and impactful.
Overall, the sentiment is overwhelmingly favorable, suggesting that the nonprofit effectively meets the expectations of its supporters and contributes meaningfully to the field of operations research.
This AI summary has been generated from reviews found on Facebook.
Is Institute For Operations Research And The Management Sciences legitimate?
Institute For Operations Research And The Management Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Operations Research And The Management Sciences 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: $536,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,428,385
For more financial information, click here
Official website here: www.informs.org
What is the mission statement of Institute For Operations Research And The Management Sciences?
The Institute For Operations Research And The Management Sciences (INFORMS) is committed to advancing the field of operations research, analytics, and management science. This institution plays a pivotal role in the development, dissemination, and implementation of knowledge, research, and technologies in these areas. INFORMS produces seventeen scientific and scholarly journals that showcase the latest methods and applications in operations research and analytics, as well as an industry and membership magazine. The organization's mission is to lead in the expansion of operational processes, decision making, and management through the application of these disciplines and related methods.
Official website here: www.informs.org
Who is the CEO of Institute For Operations Research And The Management Sciences?
Elena Gerstmann is the President of Institute For Operations Research And The Management Sciences.
Official website here: www.informs.org
What is the revenue of Institute For Operations Research And The Management Sciences?
Institute For Operations Research And The Management Sciences's revenue in 2022 was $12,689,693.
Official website here: www.informs.org
Who are the executives of Institute For Operations Research And The Management Sciences and what are their salaries?
The average compensation at Institute For Operations Research And The Management Sciences during 2022 was $72,087. There are 55 employees and 4500 volunteers at Institute For Operations Research And The Management Sciences.
Here are 22 key members and their salaries:
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- Other: $1,526
Official website here: www.informs.org
Where can I find the form 990 for Institute For Operations Research And The Management Sciences?
Institute For Operations Research And The Management Sciences's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.informs.org
Learn more at the official website: www.informs.org
Mission Statement of Institute For Operations Research And The Management Sciences
The Institute For Operations Research And The Management Sciences, often referred to as INFORMS, is a renowned organization committed to advancing the field of operations research, analytics, and management science. In doing so, it strives to contribute to the development, dissemination, and implementation of knowledge, research, and technologies in these areas.
With a strong focus on operations research and analytics, INFORMS publishes a total of seventeen scholarly journals on a monthly, bi-monthly, and quarterly basis. These publications serve as a platform for sharing the latest methods and applications in operations research and analytics, providing value to both academia and industry. In addition to these journals, INFORMS also produces an industry and membership magazine that delivers news from across the profession.
By leading in the field of operations research, analytics, and management science, INFORMS plays a crucial role in improving operational processes, decision-making, and management. Through its publications and various initiatives, the organization plays a vital part in shaping the future of these disciplines. INFORMS' dedication to the advancement of knowledge in this field ultimately benefits organizations and individuals, driving progress and innovation.
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Impact
October, 2024
The Institute for Operations Research and the Management Sciences (INFORMS) significantly advances the field of operations research, analytics, and management science. By facilitating the development, dissemination, and implementation of cutting-edge knowledge and research, INFORMS contributes to improved operational processes and decision-making across various industries.
One of its primary avenues for impact is through the production of seventeen scientific and scholarly journals. These publications, appearing monthly, bi-monthly, and quarterly, showcase the latest methods and applications in operations research and analytics, keeping the professional community informed about groundbreaking findings and innovative practices.
Additionally, INFORMS publishes an industry and membership magazine that shares news and insights from the profession, fostering a vibrant community of practitioners and researchers. This engagement not only enhances individual knowledge but also promotes collaboration and the sharing of best practices within the field.
Ultimately, INFORMS leads the way in enhancing the science and practice of operations research and analytics, thereby strengthening decision-making frameworks and improving outcomes in various sectors.
This information is meant to be a general summary of Institute For Operations Research And The Management Sciences. 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: -$1,144,526
- Program Service Revenue: $11,576,586
- Gross Receipts: $16,065,132
Assets and Liabilities:
- Total Assets: $24,048,596
- Total Liabilities: $8,351,463
- Net Assets: $15,697,133
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATIONS
Revenue
$5,378,113
CONFERENCE
Revenue
$4,433,488
MEMBERSHIP DUES
Revenue
$1,414,205
SUBDIVISIONS
Revenue
$344,310
COMMITTEE & PROGRAMS
Revenue
$6,470
Organization Details
Founding Year
1995
Phone
(443) 757-3500Principal Officer
Elena Gerstmann
Main Address
5521 RESEARCH PARK DRIVE 200, CATONSVILLE, MD, 21228
Website
www.informs.orgNTEE Category
Code: V22 - Social research
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