Overview
What is American Idea Foundation Inc?
The American Idea Foundation Inc is a nonprofit organization based in Janesville, Wisconsin, with a mission to promote policies and individuals who believe that one's birth circumstances should not dictate their life's outcome. They operate at the intersection of grassroots, community-driven efforts to expand opportunities and national policymakers who can implement change. Adopting an evidence-based approach, the foundation identifies successful initiatives and equips policymakers with the necessary information to enhance federal government efforts. They also connect practitioners with elected officials to replicate these success stories in other communities in need. Committed to expanding the adoption and use of evidence-based public policies, the American Idea Foundation has promoted efforts to increase their scope through events, virtual gatherings, and written products. They aim to highlight solutions that combat poverty, foster upward mobility, and grow the economy, leveraging Speaker Paul Ryan's public profile to ensure his career's legislative achievements are implemented effectively. The foundation collaborates with academic partners and researchers to validate community-based group initiatives and successes with data and empirical evidence, bringing policymakers and stakeholders to local organizations to explain why these programs are achieving results.
Official website here: www.americanideafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The American Idea Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 77% overall, with a focus exclusively on accountability and finance metrics. This rating suggests that the foundation is well-managed in terms of financial practices, governance, and transparency.
Strengths of the organization include a fully independent board with a perfect score for board size and majority independence. Additionally, the foundation has a comprehensive set of policies in place, including conflict of interest and whistleblower policies, and it demonstrates good oversight with its financial statements. The lack of asset diversion and a strong liabilities-to-assets ratio further emphasize its sound financial health.
However, the foundation's program expense ratio was notably low, scoring only 6 out of 25 points. This might raise questions about the proportion of funds directed towards its programs compared to administrative costs. While the accountability measures are robust, the effectiveness of its programmatic impact may need further investigation based on this financial allocation.
This AI summary has been generated from information found on Charity Navigator.
Is American Idea Foundation Inc legitimate?
American Idea Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Idea Foundation 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: $802,332
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,099
For more financial information, click here
Official website here: www.americanideafoundation.com
What is the mission statement of American Idea Foundation Inc?
The American Idea Foundation Inc is a non-profit organization committed to promoting policies and individuals who believe that one's birth circumstances should not dictate the course of their life. Their mission is rooted in the conviction that opportunities should be accessible to all, irrespective of their background. The foundation operates at the intersection of grassroots initiatives and national policymakers, working towards expanding opportunities. They employ an evidence-based approach to identify successful initiatives, providing policymakers with the necessary information to enhance their efforts and linking practitioners with elected officials to replicate these success stories in other communities in need. The American Idea Foundation aims to demonstrate that it is the bottom-up dynamism of individuals and communities that truly makes America a land of opportunity and prosperity.
Official website here: www.americanideafoundation.com
Who is the CEO of American Idea Foundation Inc?
Andrew Speth is the President of American Idea Foundation Inc.
Official website here: www.americanideafoundation.com
What is the revenue of American Idea Foundation Inc?
American Idea Foundation Inc's revenue in 2022 was $597,542.
Official website here: www.americanideafoundation.com
Who are the executives of American Idea Foundation Inc and what are their salaries?
The average compensation at American Idea Foundation Inc during 2022 was $125,062. There are 7 employees and 6 volunteers at American Idea Foundation Inc.
Here are 11 key members and their salaries:
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- Compensation: $276,000
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- Other: $49,985
- Compensation: $169,853
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- Other: $13,901
- Compensation: $28,337
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- Other: $13,642
- Compensation: $81,855
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- Other: $4,946
- Compensation: $157,402
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- Other: $6,411
Official website here: www.americanideafoundation.com
Where can I find the form 990 for American Idea Foundation Inc?
American Idea Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanideafoundation.com
Learn more at the official website: www.americanideafoundation.com
Mission Statement of American Idea Foundation Inc
The American Idea Foundation Inc is a non-profit organization committed to advocating for policies and individuals who believe that the circumstances of one's birth should not dictate the course of their life. The foundation's mission is rooted in the conviction that opportunities should be universally accessible, regardless of an individual's background. It operates at the intersection of grassroots, community-driven initiatives aimed at expanding opportunities and national policymakers who can bring about change.
The American Idea Foundation takes an evidence-based approach to identify successful, real-world initiatives that are making a positive impact. By arming policymakers with this information, the foundation seeks to improve the efforts of the federal government. Furthermore, it links practitioners with elected officials to replicate these successful stories in other communities in need. Through its work, the American Idea Foundation aims to demonstrate that it is the bottom-up dynamism of individuals and communities that truly makes America a land of opportunity and prosperity.
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Impact
July, 2024
American Idea Foundation Inc works tirelessly to promote policies and individuals who believe that one's birth circumstances should not dictate the outcome of their life. They actively educate policymakers and connect practitioners with elected officials to advocate for evidence-based public policies that improve outcomes and expand economic opportunities. By utilizing Speaker Paul Ryan's public profile, they ensure that impactful laws are properly implemented. Their commitment to validating community-based initiatives through data and empirical evidence sets them apart, enabling them to scale and replicate successful solutions nationwide. Ultimately, American Idea Foundation Inc shines a light on ideas and solutions that combat poverty, promote upward mobility, and foster economic growth, making a significant impact in the realm of civil rights and societal progress.
This information is meant to be a general summary of American Idea Foundation 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: -$306,360
- Gross Receipts: $2,533,149
Assets and Liabilities:
- Total Assets: $8,202,975
- Total Liabilities: $83,523
- Net Assets: $8,119,452
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Organization Details
Founding Year
2019
Phone
(608) 754-8099Principal Officer
Andrew Speth
Main Address
101 S MAIN ST 300, JANESVILLE, WI, 53545
NTEE Category
Code: R19 - Civil rights
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