Overview
What is Credential Engine Inc?
Credential Engine Inc is a dedicated nonprofit organization located in Washington, D.C., specifically at 2021 L Street NW Suite 101-342. Their primary objective is to foster credential transparency, revealing the intricate credential marketplace and encouraging credential literacy. By establishing a centralized Credential Registry, they ensure up-to-date information about all available credentials is readily accessible. Furthermore, they have developed a common description language, enabling easy comparison of different credentials. Credential Engine's suite of web-based services empowers individuals to make informed decisions about credentials and their value, supporting the creation of customized applications to search and retrieve credential data. The organization currently employs 14 individuals in its mission to revolutionize the credential landscape.
Official website here: www.credentialengine.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Star rating)
Credential Engine Inc has received a commendable three-star rating from Charity Navigator, reflecting its strong accountability and financial stability. The organization excels with a perfect score in key governance areas such as having a fully independent board and effective financial oversight mechanisms. Their program expense ratio is notably high at 84.01%, indicating a strong commitment to utilizing resources for their mission.
Despite these strengths, Credential Engine Inc does face some limitations in governance practices. Specifically, the organization does not have a whistleblower policy or a document retention and destruction policy in place, which are essential for maintaining transparency and accountability. Additionally, their tax form is not posted on their website, which could hinder public access to important financial information.
Overall, while Credential Engine Inc demonstrates commendable financial health and governance practices, addressing the noted gaps in their policies could further enhance their transparency and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Credential Engine Inc legitimate?
Credential Engine Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Credential Engine 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: $253,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,211,266
For more financial information, click here
Official website here: www.credentialengine.org
What is the mission statement of Credential Engine Inc?
Credential Engine Inc's mission, as a non-profit organization, is centered around promoting transparency in the credential marketplace. Their primary goal is to increase credential literacy and empower individuals to make informed decisions about the value of different credentials. To accomplish this, Credential Engine has developed a suite of web-based services, including a centralized Credential Registry and a common description language for credential comparability. By providing these tools, they aim to support customized applications that allow users to search and retrieve information about various credentials. In essence, Credential Engine's mission is to break down the barriers of understanding in the credential sphere, enabling everyone to make informed decisions based on accurate and up-to-date information.
Official website here: www.credentialengine.org
Who is the CEO of Credential Engine Inc?
Scott Cheney is the Director of Credential Engine Inc.
Official website here: www.credentialengine.org
What is the revenue of Credential Engine Inc?
Credential Engine Inc's revenue in 2022 was $4,467,140.
Official website here: www.credentialengine.org
Who are the executives of Credential Engine Inc and what are their salaries?
The average compensation at Credential Engine Inc during 2022 was $104,621. There are 14 employees and 100 volunteers at Credential Engine Inc.
Here are 16 key members and their salaries:
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- Compensation: $125,218
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- Compensation: $118,642
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- Other: $6,246
Official website here: www.credentialengine.org
Where can I find the form 990 for Credential Engine Inc?
Credential Engine Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.credentialengine.org
Learn more at the official website: www.credentialengine.org
Mission Statement of Credential Engine Inc
Credential Engine Inc, a non-profit organization, is dedicated to promoting credential transparency and increasing credential literacy. Their mission is twofold: firstly, they aim to unveil the intricacies of the credential marketplace, making it more accessible and understandable for everyone. Secondly, they strive to empower individuals to make informed decisions about credentials and their value. To achieve these goals, Credential Engine provides a range of web-based services. They have developed a centralized Credential Registry, a first-of-its-kind platform that houses up-to-date information about all types of credentials. This registry is essential in enabling comparability between different credentials, breaking down barriers that often hinder individuals from making informed choices. Furthermore, Credential Engine has created a common description language, a tool that enhances the understanding and comparison of various credentials. Lastly, they offer a platform that supports customized applications, enabling users to search and retrieve information about credentials with ease. In essence, Credential Engine Inc is committed to fostering a more transparent and informed credential marketplace, thereby empowering individuals to make wise decisions about their future.
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Impact
July, 2024
Credential Engine Inc's impact is significant in the field of education and credentialing. By creating a centralized Credential Registry, using a common description language, and offering a platform for accessing credential data, Credential Engine is empowering individuals to make informed decisions about credentials. This transparency in the credential marketplace increases credential literacy and helps users understand the value of different credentials. Overall, Credential Engine's work contributes to a more transparent and accessible credentialing system.
This information is meant to be a general summary of Credential Engine 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.
- Program Service Revenue: $2,958,798
- Gross Receipts: $4,467,140
Assets and Liabilities:
- Total Assets: $3,908,540
- Total Liabilities: $302,751
- Net Assets: $3,605,789
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract revenue
Revenue
$2,958,798
Organization Details
Founding Year
2016
Phone
(202) 257-0279Principal Officer
Scott Cheney
Main Address
2021 L Street NW Suite 101-342, Washington, DC, 20036
Website
www.credentialengine.orgNTEE Category
Code: B40 - Education
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