Overview
What is Thames River Innovation Places Inc?
Thames River Innovation Places Inc is a non-profit organization located in Groton, Connecticut. Its mission revolves around fostering prosperity and innovation in the Thames River region through collaboration and diverse partnerships. This unique coalition of public, private, and non-profit sectors in the communities of New London and Groton, Connecticut, collaborate to design a future-focused blueprint that integrates existing plans and projects with new ideas, leveraging the unique characteristics of the region located at the mouth of the Thames River. The organization, supported by CTNEXT, primarily focuses on addressing challenges within the growing blue tech industrial sector, specifically Naval Submarine shipbuilding and offshore wind supply chains within and around New England. Despite its small workforce of one employee, Thames River Innovation Places Inc strives to make a significant impact in the prosperity and development of the region.
Official website here: www.thamesriverinnovation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76%, Three-Star out of Four Star rating.
Thames River Innovation Places Inc has received a Three-Star rating from Charity Navigator, primarily due to its strong performance in Accountability and Finance, which is essential for maintaining donor trust. The organization showcases significant strengths, such as having a fully independent board of directors and no reported material diversion of assets, which contribute positively to its accountability.
However, there are some notable limitations in the organization's governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy indicates areas where governance could be improved. While the organization has a solid program expense ratio, demonstrating effective use of funds, these missing policies may raise concerns about transparency and best practices in governance.
Overall, while Thames River Innovation Places Inc shows commendable accountability and financial management, addressing its governance deficiencies could enhance its overall rating and strengthen stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Thames River Innovation Places Inc legitimate?
Thames River Innovation Places Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thames River Innovation Places 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: $64,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thamesriverinnovation.org
What is the mission statement of Thames River Innovation Places Inc?
Thames River Innovation Places Inc is committed to fostering prosperity through authentic innovation, collaboration, and diverse partnerships. This unique alliance of public, private, and nonprofit sectors aims to design a blueprint for the future, integrating existing plans and projects with innovative ideas that leverage and enhance the unique characteristics of the region. The goal is to enhance the prosperity of the identified area, with the support of CTNext.
Official website here: www.thamesriverinnovation.org
Who is the CEO of Thames River Innovation Places Inc?
Kimberly Kelly is the Executive Di of Thames River Innovation Places Inc.
Official website here: www.thamesriverinnovation.org
What is the revenue of Thames River Innovation Places Inc?
Thames River Innovation Places Inc's revenue in 2022 was $297,873.
Official website here: www.thamesriverinnovation.org
Who are the executives of Thames River Innovation Places Inc and what are their salaries?
The average compensation at Thames River Innovation Places Inc during 2022 was $64,083. There is 1 employee and 10 volunteers at Thames River Innovation Places Inc.
Here are 11 key members and their salaries:
- Compensation: $49,583
- Related: $0
- Other: $0
- Compensation: $14,500
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thamesriverinnovation.org
Where can I find the form 990 for Thames River Innovation Places Inc?
Thames River Innovation Places Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thamesriverinnovation.org
Learn more at the official website: www.thamesriverinnovation.org
Mission Statement of Thames River Innovation Places Inc
Thames River Innovation Places Inc is a unique alliance of public, private, and non-profit sectors, working together to drive prosperity in the region through authentic innovation, collaboration, and diverse partnerships. The mission of this nonprofit organization is to design a forward-thinking blueprint for their communities, integrating existing plans and projects with new ideas that leverage and enhance the unique qualities of the area, specifically located at the mouth of the Thames River. The collaboration between major institutions aims to create a future that is prosperous and innovative, ultimately enhancing the quality of life in the region. This endeavor is supported by CTNEXT, further emphasizing the organization's commitment to fostering growth and improvement in the community.
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Impact
June, 2024
Thames River Innovation Places Inc is instrumental in fostering prosperity in the Thames River region through genuine innovation, collaboration, and diverse partnerships. This organization, supported by CTNext, has formed an unprecedented alliance of public, private, and non-profit sectors in the communities of New London and Groton in southeastern Connecticut. By integrating existing plans with new ideas, they are crafting a blueprint for the future that leverages the unique attributes of this area at the mouth of the Thames River. One of their key initiatives includes the Naval Maritime Consortium (NMC), which focuses on the blue tech industrial sector, specifically naval submarine shipbuilding and offshore wind supply chains within and around New England. The NMC facilitates collaboration among member companies, community partners, and Original Equipment Manufacturers (OEMs) to address challenges, share solutions, and develop opportunities in these sectors. Through their innovative programs and partnerships, Thames River Innovation Places Inc is driving economic growth and sustainability in the region.
This information is meant to be a general summary of Thames River Innovation Places 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.
- Gross Receipts: $297,873
Assets and Liabilities:
- Total Assets: $126,042
- Total Liabilities: $5,585
- Net Assets: $120,457
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Organization Details
Founding Year
2018
Phone
(860) 383-5939Principal Officer
Kimberly Kelly
Main Address
93 SHENNECOSSETT RD, GROTON, CT, 063405115
NTEE Category
Code: C34 - Environment
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