Overview
What is Lean Construction Institute Inc?
Lean Construction Institute Inc, located at 62 Berwick Street, Belmont, Massachusetts 02478, is a nonprofit organization with a mission to revolutionize the building industry by transforming its practices and culture. The institute brings together professionals from various disciplines through the LCI Congress, offering a platform for knowledge sharing, earning continuing education credits, and networking with industry leaders. With a vision of a thriving building industry delivering exceptional project outcomes consistently, Lean Construction Institute Inc is dedicated to driving positive change within the industry. The organization currently employs a team of eight individuals.
Official website here: www.leanconstruction.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Lean Construction Institute Inc has received an overall score of 84%, reflecting a solid performance in accountability and finance. This rating is particularly significant as it is derived from a single beacon score, which indicates a strong emphasis on financial health and transparency. The organization has demonstrated effective governance with a fully independent board and solid financial oversight.
Strengths of the organization include the high percentage of independent board members and a well-structured audit and oversight committee, both of which contribute to its accountability. Additionally, their low liabilities-to-assets ratio and a strong program expense ratio signify that funding is being efficiently allocated towards their initiatives, enhancing their impact in the sector.
However, there are some limitations noted in the data, particularly regarding the absence of a conflict of interest policy and whistleblower policy. While these factors did not significantly affect the overall score, they highlight areas where the organization may need to improve its governance practices to further enhance transparency and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lean Construction Institute Inc legitimate?
Lean Construction Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lean Construction Institute 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: $733,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $504,933
For more financial information, click here
Official website here: www.leanconstruction.org
What is the mission statement of Lean Construction Institute Inc?
The Lean Construction Institute Inc's mission is to spearhead transformations in the building industry's practices and culture. Their vision envisions a robust and flourishing industry consistently delivering exceptional project outcomes for all parties involved. The organization hosts the LCI Congress, a platform that fosters knowledge sharing across disciplines, provides opportunities for continuing education, and allows professionals to engage with innovative lean methods and network with peers and industry leaders.
Official website here: www.leanconstruction.org
What is the revenue of Lean Construction Institute Inc?
Lean Construction Institute Inc's revenue in 2023 was $4,468,506.
Official website here: www.leanconstruction.org
Who are the executives of Lean Construction Institute Inc and what are their salaries?
The average compensation at Lean Construction Institute Inc during 2023 was $154,848. There are 8 employees and 285 volunteers at Lean Construction Institute Inc.
Here are 22 key members and their salaries:
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- Other: $17,860
Official website here: www.leanconstruction.org
Where can I find the form 990 for Lean Construction Institute Inc?
Lean Construction Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leanconstruction.org
Learn more at the official website: www.leanconstruction.org
Mission Statement of Lean Construction Institute Inc
Lean Construction Institute Inc, a leading organization in the building industry, is dedicated to leading a transformation in the sector's practices and culture. Their mission is twofold: firstly, to inspire a healthy and thriving building industry that consistently delivers exceptional project outcomes for everyone involved, and secondly, to do so every time. This vision is underpinned by a commitment to transforming the industry's culture and practices, ultimately aiming to achieve outstanding results across the board.
The Lean Construction Institute Inc accomplishes this mission through various means. One such method is by hosting the LCI Congress, an event that brings together the lean community for knowledge sharing across various disciplines. This gathering provides an opportunity for professionals to earn continuing education credits, engage with innovative lean methods, and network with like-minded individuals and influential lean leaders within the industry. By fostering this collaborative environment, the Lean Construction Institute Inc is instrumental in driving the necessary changes to realize its mission and vision for a transformed building industry.
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Impact
July, 2024
Lean Construction Institute Inc's impact can be seen in its mission to lead the building industry in transforming its practices and culture. By focusing on promoting lean methods and principles, this organization is driving positive change within the industry. Through events like the LCI Congress, professionals can come together for knowledge-sharing, education, and networking opportunities, ultimately leading to better project outcomes. This commitment to continuous improvement is not only benefiting the building industry but also contributing to overall community improvement.
This information is meant to be a general summary of Lean Construction Institute 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 2023.
- Investment Income: $128,619
- Program Service Revenue: $4,184,773
- Gross Receipts: $5,510,305
Assets and Liabilities:
- Total Assets: $5,078,079
- Total Liabilities: $817,496
- Net Assets: $4,260,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH MEETINGS
Revenue
$2,191,668
MEMBERSHIP DUES
Revenue
$1,560,472
CHAPTER MEETING INCOME
Revenue
$233,240
WEBINAR INCOME
Revenue
$128,525
CERTIFICATION PROGRAM
Revenue
$44,008
Organization Details
Founding Year
2000
Principal Officer
Dan Heinemeier
Website
www.leanconstruction.orgNTEE Category
Code: S50 - Community improvement
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