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Akadimi Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820596598 ✦ Minnetonka, MN ✦ Designated as a 501(c)(3)

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Overview

What is Akadimi Foundation?

The Akadimi Foundation is a nonprofit organization situated in Minnetonka, Minnesota. Their primary focus is to provide consulting services to health care organizations and facilities, aiming to enhance their governance and ultimately improve community health outcomes. This mission extends beyond the United States, aiming to ensure enhanced health through improved health system governance and leadership in various countries worldwide.


Official website here: www.governakadimi.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Star rating)

The Akadimi Foundation has achieved a commendable Four-Star rating with a score of 90%, reflecting strong accountability and financial health. This rating is derived entirely from its Accountability & Finance score, indicating that the organization maintains high standards in these areas. The foundation has demonstrated a solid commitment to transparency, with an independent board consisting entirely of members who have no conflicts of interest.

Strengths of the Akadimi Foundation include its high program expense ratio of 84.32%, which suggests that a significant portion of its resources is dedicated to its charitable activities. Additionally, the organization has no noted issues regarding the diversion of assets, and it has robust policies in place for conflict of interest and document retention. These factors collectively contribute to its strong fiscal responsibility.

However, the foundation is noted to be missing a whistleblower policy, which could be a potential area for improvement. While the overall financial practices are sound, addressing this gap could enhance its governance framework. Overall, the Akadimi Foundation stands out for its accountability and effective use of funds, making it a trustworthy choice for donors.


This AI summary has been generated from information found on Charity Navigator.

Is Akadimi Foundation legitimate?

Akadimi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akadimi Foundation 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.governakadimi.com

What is the mission statement of Akadimi Foundation?

The Akadimi Foundation's mission is to contribute to the enhancement of global health by promoting improved health system governance and leadership. This goal extends beyond the United States, encompassing other countries worldwide. Through their consulting services, they assist healthcare organizations and facilities in improving their governance, ultimately aiming to enhance community health outcomes.


Official website here: www.governakadimi.com

Who is the CEO of Akadimi Foundation?

James A Rice is the President of Akadimi Foundation.


Official website here: www.governakadimi.com

What is the revenue of Akadimi Foundation?

Akadimi Foundation's revenue in 2022 was $75,466.


Official website here: www.governakadimi.com

Who are the executives of Akadimi Foundation and what are their salaries?


Here are 3 key members and their salaries:


James A Rice (President)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Brian E Rice (Treasurer/Se)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Carin R Baumgartner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.governakadimi.com

Where can I find the form 990 for Akadimi Foundation?

Akadimi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.governakadimi.com

Learn more at the official website: www.governakadimi.com

Mission Statement of Akadimi Foundation

Akadimi Foundation, a nonprofit organization, is committed to ensuring that enhanced health can be derived from enhanced health system governance and leadership, not just within the United States, but also in countries beyond its borders. In essence, their mission is to improve health outcomes globally by strengthening the leadership and governance of healthcare systems. They provide consulting services to various healthcare organizations and facilities to help them enhance their governance and ultimately, improve their community health outcomes.

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Impact




August, 2024

Akadimi Foundation's impact lies in its commitment to enhancing health through improved health system governance and leadership both in the United States and internationally. By providing consulting services to healthcare organizations and facilities, Akadimi Foundation works towards improving governance practices that ultimately lead to better community health outcomes. This proactive approach serves to create a positive ripple effect in healthcare systems, benefiting individuals and communities beyond borders.




This information is meant to be a general summary of Akadimi Foundation. 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.

Revenue
$75,466 (2022)
Expenses
$71,645 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $64,000
  • Gross Receipts: $75,466

Assets and Liabilities:

  • Total Assets: $38,480
  • Total Liabilities: $72
  • Net Assets: $38,408

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REVENUE - CONSULTING

Revenue

$64,000

Organization Details

Founding Year

2018

Principal Officer

James A Rice

Main Address

2095 SHERWOOD LANE, MINNETONKA, MN, 55305

NTEE Category

Code: Q33 - International

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