Overview
What is The Variis Institute?
The Variis Institute, a 501c(3) nonprofit organization situated in Ypsilanti, Michigan, has devoted its efforts towards enhancing the quality of Science, Technology, Engineering, and Mathematics (STEM) education within the community. Throughout the past year, they have significantly contributed to this cause by hosting five STEM camps focused on robotics and drone technologies, providing enriching experiences and fostering creativity and innovation among the youth. Additionally, they donated $50,000 worth of advanced Micro:bit and DFRobot Robotics equipment to facilitate cutting-edge technology exposure and hands-on learning experiences for students. To further engage and develop their skills, The Variis Institute organized three major student-centered events, offering additional platforms for experiential learning in STEM. In summary, The Variis Institute aims to empower today's youth with the skills of tomorrow by providing integrated, project-based STEM and exploratory learning experiences in an engaging environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 32% (Zero-Star out of Four Star rating)
The Variis Institute has received a low rating of 32% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scores well in having a fully independent board, which is a positive aspect, but it fails to meet several crucial operational standards. Notably, the lack of a conflict of interest policy, whistleblower policy, and proper document retention practices has contributed to its low overall score.
While the organization demonstrates some financial strengths, such as a low material diversion of assets and a reasonable program expense ratio of 53.89%, the liabilities to assets ratio of 64.90% raises caution regarding its financial stability. The absence of essential information on its website, including tax forms and other key documents, further detracts from its transparency and accountability.
Overall, The Variis Institute exhibits weaknesses in governance and operational policies, which are critical for building trust with donors and stakeholders. Prospective supporters should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Variis Institute legitimate?
The Variis Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Variis Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Variis Institute?
The Variis Institute, as a 501c(3) organization, is committed to empowering today's youth with the skills necessary for the future. They achieve this goal by offering integrated, project-based learning experiences in STEM (science, technology, engineering, and mathematics) and exploratory subjects, all presented in an engaging environment. Throughout the past year, the institute has made significant strides in enhancing STEM education in the community. They have organized five STEM camps focused on robotics and drone technology, providing enriching educational experiences and fostering creativity and innovation. In addition, they have donated advanced Micro:bit and DFRobot Robotics equipment worth $50,000 to facilitate exposure to cutting-edge technology and hands-on learning experiences for students. Furthermore, the institute has organized student-centered events to offer additional platforms for skills development and experiential learning in STEM.
Who is the CEO of The Variis Institute?
Frank Norton is the CEO of The Variis Institute The CEO's salary of The Variis Institute is $0 and their total compensation is $0.
What is the revenue of The Variis Institute?
The Variis Institute's revenue in 2024 was $10,000.
Who are the executives of The Variis Institute and what are their salaries?
Here are 2 key members and their salaries (The Variis Institute's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Variis Institute?
The Variis Institute's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Variis Institute
The Variis Institute, as a 501c(3) organization, is committed to empowering today's youth with the skills essential for the future. It achieves this by offering integrated, project-based learning experiences in the fields of Science, Technology, Engineering, and Mathematics (STEM), all within an engaging environment. The Institute's mission is to inspire creativity and innovation among the youth, fostering an environment that nurtures their tech-savviness.
Over the past year, The Variis Institute has taken significant strides towards enhancing STEM education in the community. One of its key initiatives has been the hosting of comprehensive STEM camps focused on robotics and drone technologies. These camps provide enriching educational experiences, encouraging creativity and fostering a spirit of innovation among the youth. Additionally, the organization has made a significant contribution by donating $50,000 worth of advanced Micro:bit and DFRobot Robotics equipment. This donation aims to facilitate cutting-edge technology exposure and hands-on learning experiences for students, further enhancing their STEM education.
The Variis Institute also recognizes the importance of providing additional platforms for engagement, skills development, and experiential learning in STEM. Towards this end, it has organized three major student-centered events. These events offer additional opportunities for the youth to engage with STEM concepts, develop their skills, and gain practical, real-world experience. By providing these integrated, project-based learning experiences in an engaging environment, The Variis Institute is dedicated to empowering today's youth with the skills they need for tomorrow.
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Impact
October, 2024
The Variis Institute significantly impacts the community by enhancing access to high-quality STEM education for youth. Through its innovative approach, it offers integrated, project-based learning experiences that inspire creativity and critical thinking.
In the past year, the institute hosted five comprehensive STEM camps focused on robotics and drone technologies, fostering technological fluency among participants. These camps not only engaged students but also equipped them with crucial skills for the future.
A major contribution to the community was the donation of $50,000 worth of advanced robotics equipment, including Micro:bit and DFRobot tools. This initiative enabled hands-on learning opportunities, allowing students to explore cutting-edge technology and apply their knowledge in practical settings.
Additionally, The Variis Institute organized three significant student-centered events, providing further platforms for engagement and experiential learning in STEM. Overall, the organization's commitment to empowering youth positions them for success in a rapidly evolving technological landscape.
This information is meant to be a general summary of The Variis Institute. 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 2024.
- Program Service Revenue: $10,000
- Gross Receipts: $10,000
Assets and Liabilities:
- Total Assets: $36,731
- Total Liabilities: $12,309
- Net Assets: $24,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Development Unrestrict
Revenue
$10,000
Organization Details
Founding Year
2019
Principal Officer
Frank Norton
NTEE Category
Code: B30 - Education
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