Overview
What is Resource Innovation Institute?
Resource Innovation Institute is a non-profit organization dedicated to promoting sustainability in agriculture by evaluating, validating, and recognizing the most efficient agricultural practices. Their mission is to foster a more prosperous future for humanity by implementing these practices globally. They achieve this through various programs, such as creating a guide for facility design and construction best practices, and initiating a water circularity working group. The organization's ultimate goal is to cultivate a more sustainable agricultural landscape, thereby contributing to a better world for everyone. With their initiatives, Resource Innovation Institute aims to drive positive change in the agricultural sector.
Official website here: www.resourceinnovation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star rating)
The Resource Innovation Institute holds a low rating of 41% on Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization has achieved full points for having a majority independent board and implementing key governance policies, highlighting some structural strengths. However, the overall score is heavily impacted by critical weaknesses in financial transparency, with no financial statements available for review.
The institute's financial ratios raise further red flags, particularly with a program expense ratio of only 10.43%, suggesting that a minimal portion of its resources is directed toward programmatic activities. Additionally, the liabilities to assets ratio stands at 113.08%, indicating a precarious financial position. While the organization has established policies for conflict of interest and document retention, these do not mitigate the serious concerns highlighted by its financial performance.
In summary, while the Resource Innovation Institute demonstrates strong governance practices, its lack of financial transparency and low program expenditure could deter potential donors and supporters. The critical feedback regarding its financial health emphasizes the need for improvement in fiscal accountability to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Resource Innovation Institute legitimate?
Resource Innovation Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resource Innovation 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: $219,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $306,193
For more financial information, click here
Official website here: www.resourceinnovation.org/
What is the mission statement of Resource Innovation Institute?
The Resource Innovation Institute is dedicated to measuring, verifying, and recognizing the world's most efficient agricultural ideas to foster a more sustainable future for all humanity. Their mission involves celebrating and promoting innovative agricultural practices that contribute to a better future for all. Among their activities, they publish a guide on facility design and construction best practices and initiate a water circularity working group.
Official website here: www.resourceinnovation.org/
Who is the CEO of Resource Innovation Institute?
Derek Smith is the Executive Director of Resource Innovation Institute.
Official website here: www.resourceinnovation.org/
What is the revenue of Resource Innovation Institute?
Resource Innovation Institute's revenue in 2022 was $768,082.
Official website here: www.resourceinnovation.org/
Who are the executives of Resource Innovation Institute and what are their salaries?
The average compensation at Resource Innovation Institute during 2022 was $131,415. There are 4 employees and 8 volunteers at Resource Innovation Institute.
Here are 10 key members and their salaries:
- Compensation: $128,220
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- Other: $0
- Compensation: $91,247
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- Other: $0
Official website here: www.resourceinnovation.org/
Where can I find the form 990 for Resource Innovation Institute?
Resource Innovation Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.resourceinnovation.org/
Learn more at the official website: www.resourceinnovation.org/
Mission Statement of Resource Innovation Institute
The Resource Innovation Institute, a pioneering organization, is committed to measuring, verifying, and celebrating the world's most efficient agricultural ideas. By doing so, they aim to cultivate a better future for all of humanity. Their mission is geared towards recognizing and promoting agricultural practices that are both resource-efficient and sustainable.
To achieve this, the Institute has developed programs that focus on the publication of a facility design and construction best practices guide, and the initiation of a water circularity working group. Through these initiatives, they strive to share knowledge, facilitate collaboration, and drive innovation in agricultural practices, ultimately leading to a more sustainable and efficient food production system.
In essence, the Resource Innovation Institute is dedicated to driving positive change in the agricultural sector, fostering the development of more efficient and sustainable farming methods that will benefit humanity for generations to come.
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Impact
June, 2024
Resource Innovation Institute's impact lies in its efforts to measure, verify, and promote the most efficient agricultural practices globally. By focusing on sustainability and innovation, the organization is contributing to a better future for all of humanity. Through programs like publishing best practices guides for facility design and construction, as well as leading initiatives like the water circularity working group, Resource Innovation Institute is helping to drive positive change in the agricultural industry. Its work not only benefits the environment but also sets a standard for efficiency and sustainability that can inspire others to follow suit.
This information is meant to be a general summary of Resource Innovation 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.
- Program Service Revenue: $44,274
- Gross Receipts: $768,082
Assets and Liabilities:
- Total Assets: $189,303
- Total Liabilities: $168,822
- Net Assets: $20,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING AND EDUCATIO
Revenue
$27,474
EVENT SPONSORSHIP
PROGRAM SERVICE FEES
PROGRAM INCOME OTHER
Revenue
$16,500
OTHER INCOME
Revenue
$300
Organization Details
Founding Year
2016
Principal Officer
Derek Smith
Main Address
PO BOX 5981, PORTLAND, OR, 97228
Website
www.resourceinnovation.org/NTEE Category
Code: C30 - Environment
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