Overview
What is Adaptiv Inc?
Adaptiv Inc, headquartered in Beverly, Massachusetts, is a nonprofit organization dedicated to providing planning and architecture services to emerging communities worldwide. Employing a community-centric, collaborative approach, Adaptiv leverages research and design thinking to address the ever-evolving needs of the communities they serve. Their methodology involves problem-solving and the development of resilient solutions that adapt to changing circumstances. Adaptiv is committed to continuous innovation, learning from past experiences and projects to improve efficiencies. Their collaborative model encourages strategic partnerships with like-minded entities and community stakeholders, aiming to optimize their reach and leverage resources effectively. With a total of 3 employees, Adaptiv Inc is making a significant impact in the global community development sector.
Official website here: www.adaptiv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Adaptiv Inc has received a low rating of 56%, indicating significant areas for improvement in governance and accountability. The lack of independent board members and the absence of key policies such as conflict of interest and whistleblower protections raise concerns about the organization's oversight and ethical standards. While the organization does well in terms of financial management, as evidenced by a high program expense ratio, these governance issues negatively affect its overall score.
Despite the weaknesses in board independence and policy adherence, Adaptiv Inc has demonstrated a commitment to using the majority of its funds for program expenses, with an impressive 88.43% allocation. This suggests that when resources are allocated to programs, they are likely to be effectively utilized for their intended purposes. However, the absence of crucial documentation and governance practices may hinder the organization’s credibility and effectiveness in the long term.
In summary, while Adaptiv Inc shows promise in financial management, its low rating reflects significant governance deficiencies that need to be addressed. Improving board independence and establishing necessary policies could enhance its accountability and potentially lead to a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Adaptiv Inc legitimate?
Adaptiv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adaptiv 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: $204,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,684
For more financial information, click here
Official website here: www.adaptiv.org
What is the mission statement of Adaptiv Inc?
Adaptiv Inc's mission is centered around providing planning and architecture services to emerging communities globally. Their strategy involves a community-centric, collaborative methodology, incorporating research and design thinking to solve complex issues and create resilient solutions that adapt to the evolving needs of the communities they serve. Adaptiv continually strives for innovation by learning from past experiences and projects, continually building, measuring, and refining their approach. Their model encourages collaboration and strategic partnerships with like-minded entities and community stakeholders to optimize their reach and leverage complementary skill sets.
Official website here: www.adaptiv.org
Who is the CEO of Adaptiv Inc?
Robert Freni is the Managing Director of Adaptiv Inc.
Official website here: www.adaptiv.org
What is the revenue of Adaptiv Inc?
Adaptiv Inc's revenue in 2022 was $462,023.
Official website here: www.adaptiv.org
Who are the executives of Adaptiv Inc and what are their salaries?
The average compensation at Adaptiv Inc during 2022 was $76,734. There are 3 employees at Adaptiv Inc.
Here are 2 key members and their salaries:
- Compensation: $89,154
- Related: $0
- Other: $0
- Compensation: $89,154
- Related: $0
- Other: $0
Official website here: www.adaptiv.org
Where can I find the form 990 for Adaptiv Inc?
Adaptiv Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adaptiv.org
Learn more at the official website: www.adaptiv.org
Mission Statement of Adaptiv Inc
Adaptiv Inc, a provider of planning and architecture services, is dedicated to serving emerging communities globally. Their approach is centered around a community-focused, collaborative methodology that combines research and design thinking to address complex issues and develop solutions that can adapt to the ever-changing needs of the communities they serve. Adaptiv consistently strives for innovation by learning from past experiences and projects, continually building and measuring their progress to improve the efficiency of their final products. The organization encourages collaboration and strategic partnerships with like-minded entities and community stakeholders, leveraging their skill sets to optimize their reach. This mission aims to not only solve problems but also create resilient solutions that can withstand the test of time in the dynamic environments of the communities Adaptiv serves.
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Impact
July, 2024
Adaptiv Inc's impact is reflected in its provision of planning and architecture services to emerging communities across the globe. Through a community-centric and collaborative approach, Adaptiv engages in research and design thinking to develop resilient solutions that cater to the evolving needs of the communities it serves. By continuously learning from past experiences and projects, Adaptiv strives for constant innovation to enhance the efficiency of its final products. The organization's model promotes collaboration and strategic partnerships with like-minded entities and community stakeholders, maximizing its impact and reach.
This information is meant to be a general summary of Adaptiv 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.
- Investment Income: $55
- Program Service Revenue: $446,370
- Gross Receipts: $462,023
Assets and Liabilities:
- Total Assets: $271,240
- Total Liabilities: $12,065
- Net Assets: $259,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARCHITECTURAL & PLANNI
Revenue
$446,370
Organization Details
Founding Year
2019
Phone
(508) 932-9706Principal Officer
Robert Freni
Main Address
44 CORNING ST, BEVERLY, MA, 01915
Website
www.adaptiv.orgNTEE Category
Code: T50 - Philanthropy
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