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Radicalxchange Foundation Ltd

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

EIN: 832183139 ✦ Moraga, CA ✦ Designated as a 501(c)(3)

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Overview

What is Radicalxchange Foundation Ltd?

Radicalxchange Foundation Ltd is a charitable organization, established with a mission to promote education and research in the field of fair and efficient institutions. Based in Moraga, California, this nonprofit has a small team of five individuals. Their work primarily involves advancing institutional design through various projects, such as collaborating with the State of Colorado on citizen feedback and consultation initiatives. They also engage in community events centered around democracy and technology, and conduct research on topics like local currency, shared property, and platform governance. The foundation's activities aim to foster a more equitable and effective institutional landscape.


Official website here: www.radicalxchange.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 65% (Two-Star out of Four Star rating)

The Radicalxchange Foundation Ltd has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance. While the organization has demonstrated strong governance practices, such as having a majority of independent board members and maintaining a good liabilities to assets ratio, it lacks critical financial transparency, which significantly impacts its score.

Strengths include a high percentage of independent board members and a solid program expense ratio, reflecting a commitment to its mission. However, the absence of key policies, such as those addressing conflicts of interest and whistleblower protections, raises concerns about governance practices. Additionally, the lack of available financial statements limits stakeholders' ability to assess the organization's financial health comprehensively.

Overall, while Radicalxchange shows some positive attributes in governance and spending dedication, the deficiencies in financial reporting and essential policies highlight areas for improvement. Strengthening these aspects could enhance its credibility and support from donors moving forward.


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

Is Radicalxchange Foundation Ltd legitimate?

Radicalxchange Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Radicalxchange Foundation Ltd 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: $187,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,973

For more financial information, click here


Official website here: www.radicalxchange.org

What is the mission statement of Radicalxchange Foundation Ltd?

The RadicalxChange Foundation Ltd was established with a charitable purpose, focusing on advancing education and research related to fair and efficient institutions. Their mission is centered around promoting awareness and improvement in institutional design. The foundation has been actively involved in citizen feedback and consultation projects, collaborating with the State of Colorado. They also organize community events that explore the intersection of democracy and technology. The foundation's research extends to various topics such as local currency, shared property, and platform governance, aiming to contribute to the development of more equitable and efficient institutions.


Official website here: www.radicalxchange.org

Who is the CEO of Radicalxchange Foundation Ltd?

Jennifer Lyn Marone is the CEO of Radicalxchange Foundation Ltd The CEO's salary of Radicalxchange Foundation Ltd is $93,462 and their total compensation is $93,462.


Official website here: www.radicalxchange.org

What is the revenue of Radicalxchange Foundation Ltd?

Radicalxchange Foundation Ltd's revenue in 2022 was $1,278,007.


Official website here: www.radicalxchange.org

Who are the executives of Radicalxchange Foundation Ltd and what are their salaries?

The average compensation at Radicalxchange Foundation Ltd during 2022 was $76,999. There are 5 employees at Radicalxchange Foundation Ltd.

Here are 7 key members and their salaries (Radicalxchange Foundation Ltd's CEO's salary is $93,462 and their total compensation is $93,462):


Matthew Prewitt (President/Treas)
  • Compensation: $93,558
  • Related: $0
  • Other: $0
Jennifer Lyn Marone (Ceo)
  • Compensation: $93,462
  • Related: $0
  • Other: $0
Glen Weyl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Tang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vitalik Buterin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fanny Lakoubay (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.radicalxchange.org

Where can I find the form 990 for Radicalxchange Foundation Ltd?

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


Official website here: www.radicalxchange.org

Learn more at the official website: www.radicalxchange.org

Mission Statement of Radicalxchange Foundation Ltd

Radicalxchange Foundation Ltd was established with a charitable purpose to promote education and research in the realm of fair and efficient institutions. The organization's mission is centered around advancing knowledge and understanding in this area. To fulfill this mission, Radicalxchange Foundation has engaged in various projects. They have collaborated with the State of Colorado on citizen feedback and consultation projects, aiming to improve institutional designs. Furthermore, the foundation organizes community events that focus on democracy and technology, fostering a dialogue and promoting innovative ideas. Additionally, Radicalxchange Foundation conducts research in diverse areas such as local currency, shared property, and platform governance, contributing to the broader discourse on institutions and their efficiency.

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Impact




July, 2024

Radicalxchange Foundation Ltd's impact has been significant in advancing education and research concerning fair and efficient institutions. They have conducted research on various topics such as local currency, shared property, platform governance, and more. Additionally, the foundation has worked on citizen feedback and consultation projects with the State of Colorado, organized community events related to democracy and technology, and engaged in educational initiatives to inform the public about institutional design. Through their efforts, Radicalxchange Foundation has contributed to raising awareness and fostering dialogue around important societal issues.




This information is meant to be a general summary of Radicalxchange Foundation Ltd. 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
$1,278,007 (2022)
Expenses
$993,623 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$115,572
  • Program Service Revenue: $74,793
  • Gross Receipts: $1,834,229

Assets and Liabilities:

  • Total Assets: $1,169,985
  • Total Liabilities: $9,086
  • Net Assets: $1,160,899

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Programs

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

Consulting Income

Revenue

$70,000

Ticket Sales

Revenue

$4,793

Organization Details

Founding Year

2018

Principal Officer

Matthew Prewitt

NTEE Category

Code: V22 - Social research

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