Overview
What is Applied Economics Clinic Inc?
Applied Economics Clinic Inc, located in Boston, Massachusetts, is a nonprofit organization with a mission to offer low-cost and pro bono expert services to public interest groups focusing on energy, environment, consumer protection, and equity. This mission is twofold: firstly, they aim to educate the upcoming generation of technical experts and analysts by providing them with on-the-job learning experiences as part of their graduate studies in related fields. Secondly, the organization strives to promote diversity in the fields of economics, engineering, mathematics, and sciences. With a workforce of 22 dedicated individuals, Applied Economics Clinic Inc plays a crucial role in supporting various public interest groups by utilizing their expertise to contribute to vital societal issues.
Official website here: www.aeclinic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Applied Economics Clinic Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 58% reflects various shortcomings, particularly in areas such as financial transparency and the absence of critical policies like whistleblower and document retention. While the organization has a majority of independent board members and shows no material diversion of assets, the lack of financial statements and a tax form on its website are notable gaps.
On a positive note, the clinic demonstrates a commendable program expense ratio of 74.97%, suggesting that a substantial portion of its resources is directed towards its mission-related activities. Additionally, the organization has implemented some important governance practices, including a conflict of interest policy and proper documentation of board meeting minutes. However, the absence of a whistleblower policy and document retention practices raises questions about its operational integrity.
Overall, while Applied Economics Clinic Inc shows strengths in some governance areas and program expenditure, its poor financial accountability indicators and missing key policies highlight important areas for improvement. It is essential for the organization to address these shortcomings to enhance transparency and trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Applied Economics Clinic Inc legitimate?
Applied Economics Clinic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Applied Economics Clinic 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: $172,739
Professional Fundraising Fees: $0
Other Salaries and Wages: $811,665
For more financial information, click here
Official website here: www.aeclinic.org
What is the mission statement of Applied Economics Clinic Inc?
The Applied Economics Clinic's mission is centered around providing affordable and pro bono expert services to public interest groups focusing on energy, environment, consumer protection, and equity. The organization also serves as a platform for training the next generation of technical experts and analysts in related fields, offering them practical, on-the-job learning experiences. Furthermore, the clinic is committed to actively supporting and promoting diversity within the fields of economics, engineering, math, and sciences.
Official website here: www.aeclinic.org
Who is the CEO of Applied Economics Clinic Inc?
Elizabeth A Stanton is the President of Applied Economics Clinic Inc.
Official website here: www.aeclinic.org
What is the revenue of Applied Economics Clinic Inc?
Applied Economics Clinic Inc's revenue in 2022 was $1,101,141.
Official website here: www.aeclinic.org
Who are the executives of Applied Economics Clinic Inc and what are their salaries?
The average compensation at Applied Economics Clinic Inc during 2022 was $44,746. There are 22 employees at Applied Economics Clinic Inc.
Here are 7 key members and their salaries:
- Compensation: $172,739
- Related: $0
- Other: $5,182
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $104,723
- Related: $0
- Other: $7,253
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $80,427
- Related: $0
- Other: $5,902
- Compensation: $159,708
- Related: $0
- Other: $12,526
Official website here: www.aeclinic.org
Where can I find the form 990 for Applied Economics Clinic Inc?
Applied Economics Clinic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aeclinic.org
Learn more at the official website: www.aeclinic.org
Mission Statement of Applied Economics Clinic Inc
Applied Economics Clinic Inc is dedicated to serving the public interest by offering low-cost and pro bono expert services in the fields of energy, environment, consumer protection, and equity. The primary objective of this nonprofit organization is to support public interest groups in these areas. Additionally, Applied Economics Clinic Inc plays a significant role in nurturing the next generation of technical experts and analysts by providing them with hands-on learning experiences as graduate students in related fields. This organization is also committed to promoting diversity within the fields of economics, engineering, math, and sciences, working actively to ensure representation and inclusion in these sectors.
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Impact
July, 2024
Applied Economics Clinic Inc's impact is significant in providing low-cost and pro bono expert services to public interest groups in the critical areas of energy, environment, consumer protection, and equity. By offering these services, they empower these organizations to make informed decisions and advocate for positive change in these sectors. Additionally, their dedication to training the next generation of technical witnesses and analysts through hands-on learning experiences for graduate students helps foster a new wave of skilled professionals in related fields. Furthermore, their proactive efforts to support and promote diversity in economics, engineering, math, and sciences contribute to a more inclusive and robust workforce in these crucial areas of study. Applied Economics Clinic Inc's work ultimately amplifies the impact of public interest groups and cultivates a more diverse and knowledgeable community of experts for the future.
This information is meant to be a general summary of Applied Economics Clinic 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: $660,791
- Gross Receipts: $1,101,141
Assets and Liabilities:
- Total Assets: $301,256
- Total Liabilities: $279,468
- Net Assets: $21,788
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$660,021
OTHER INCOME
Revenue
$770
Organization Details
Founding Year
2017
Phone
(781) 819-3232Principal Officer
Elizabeth A Stanton
Main Address
6 LIBERTY SQUARE 98162, BOSTON, MA, 02109
Website
www.aeclinic.orgNTEE Category
Code: V22 - Social research
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