Overview
What is Alliance For Innovative Regulation Institute?
The Alliance for Innovative Regulation Institute is a 501(c)(3) nonprofit organization, headquartered in Washington D.C., specifically at 1331 4th Street SE Suite 905. Its core mission is to promote the use of "responsible innovation" to address systemic challenges in financial services. This includes tackling issues like financial exclusion, race and gender bias, predatory practices, financial crimes such as human trafficking, and climate change. The institute demonstrated its commitment to this mission by organizing a global virtual anti-corruption Tech sprint in 2022, in collaboration with the U.S. Department of State and the U.S. Department of the Treasury. This event brought together over 500 individuals from over 70 countries to explore how technology could combat corruption. The Tech sprint featured teams presenting innovative concepts using blockchain, smart contracts, AI, machine learning, and geospatial analytics. The institute also hosted a conference featuring 43 speakers and launched a Technology Solution Resource Center. The work from the Tech sprint was later showcased at an international anti-corruption conference in Washington D.C. The institute currently employs 11 individuals.
Official website here: www.regulationinnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
The Alliance For Innovative Regulation Institute has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization excels in governance, evidenced by its fully independent board and comprehensive financial oversight practices. This dedication is highlighted by its perfect scores in areas such as board independence, audit committee functionality, and conflict of interest policies.
Despite its strengths, the institute faces challenges in financial ratios, particularly in fundraising efficiency and program expense ratios. While the organization demonstrates a commendable program expense ratio of 63.34%, its fundraising efficiency is notably low at just $0.02 per dollar raised. This indicates potential difficulties in generating funds relative to its operational costs, which may impact its long-term sustainability.
Overall, the Alliance For Innovative Regulation Institute shows a commendable commitment to transparency and effective governance but must address its fundraising strategies to enhance overall financial health and programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Innovative Regulation Institute legitimate?
Alliance For Innovative Regulation Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Innovative Regulation 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: $540,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $722,418
For more financial information, click here
Official website here: www.regulationinnovation.org
What is the mission statement of Alliance For Innovative Regulation Institute?
The Alliance for Innovative Regulation Institute, a non-partisan 501(C)(3) organization, promotes the use of responsible innovation to address systemic challenges in the financial services sector. Its mission includes combating financial exclusion, addressing issues of race and gender bias, curbing predatory practices, preventing financial crimes such as human trafficking, and mitigating the impact of climate change. In 2022, the institute organized a global virtual anti-corruption techsprint in collaboration with the US Department of State and the Department of the Treasury, which aimed to leverage technology to combat corruption and foster multilateral cooperation. The event attracted over 500 participants from over 70 countries, showcasing innovative concepts utilizing blockchain, smart contracts, AI, machine learning, and geospatial analytics. The institute also hosted a conference featuring 43 speakers and launched a technology solution resource center for Techsprint participants.
Official website here: www.regulationinnovation.org
Who is the CEO of Alliance For Innovative Regulation Institute?
Jo Ann Barefoot is the Vice President of Alliance For Innovative Regulation Institute. The CEO's salary of Alliance For Innovative Regulation Institute is $234,090 and their total compensation is $271,189.
Official website here: www.regulationinnovation.org
What is the revenue of Alliance For Innovative Regulation Institute?
Alliance For Innovative Regulation Institute's revenue in 2022 was $2,733,673.
Official website here: www.regulationinnovation.org
Who are the executives of Alliance For Innovative Regulation Institute and what are their salaries?
The average compensation at Alliance For Innovative Regulation Institute during 2022 was $114,810. There are 11 employees and 49 volunteers at Alliance For Innovative Regulation Institute.
Here are 11 key members and their salaries (Alliance For Innovative Regulation Institute's CEO's salary is $234,090 and their total compensation is $271,189):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $234,090
- Related: $0
- Other: $37,099
- Compensation: $248,591
- Related: $0
- Other: $20,715
- Compensation: $125,315
- Related: $0
- Other: $54,979
- Compensation: $113,409
- Related: $0
- Other: $33,639
- Compensation: $108,279
- Related: $0
- Other: $10,102
- Compensation: $106,307
- Related: $0
- Other: $15,289
Official website here: www.regulationinnovation.org
Where can I find the form 990 for Alliance For Innovative Regulation Institute?
Alliance For Innovative Regulation Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.regulationinnovation.org
Learn more at the official website: www.regulationinnovation.org
Mission Statement of Alliance For Innovative Regulation Institute
The Alliance for Innovative Regulation Institute, a non-partisan 501(C)(3) organization, aims to promote the use of responsible innovation in addressing systemic challenges within the financial services sector. Its mission is twofold. Firstly, the institute aims to tackle issues such as financial exclusion, racial and gender bias, predatory practices, financial crimes like human trafficking, and climate change. Secondly, it strives to create a financial system that serves everyone, ensuring it is fair, equitable, and free from corruption.
In pursuit of this mission, the Alliance for Innovative Regulation Institute leverages digital modernization. It believes that technology can play a pivotal role in solving these complex issues. The institute has demonstrated this through its participation in the White House Summit for Democracy in 2022, where it organized a global virtual anti-corruption TechSprint for the U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL), and the Office of Terrorist Financing and Financial Crimes (TFFC) of the U.S. Department of the Treasury. This event brought together participants, experts, speakers, judges, and observers from over 70 countries to explore how technology could be utilized to combat corruption.
The TechSprint featured competing teams presenting innovative concepts that utilized cutting-edge technologies such as blockchain, smart contracts, AI, machine learning, and geospatial analytics. The event not only fostered multilateral cooperation but also demonstrated the potential of TechSprints as a digital innovation tool to combat crime. The Alliance for Innovative Regulation Institute also hosted a conference featuring 43 speakers and launched a Technology Solution Resource Center for TechSprint participants, which was later made available for broader consumption.
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Impact
July, 2024
Alliance For Innovative Regulation Institute leverages digital modernization to build a financial system that serves everyone. One of its impactful initiatives was the global virtual anti-corruption TechSprint in collaboration with the U.S. Department of State and the U.S. Department of the Treasury. This event brought together over 500 individuals from 70 countries to explore how technology could combat corruption. The TechSprint showcased innovative concepts using blockchain, smart contracts, AI, machine learning, and geospatial analytics. Furthermore, AIR hosted a conference with 43 speakers and launched a technology solution resource center for participants. This work was later featured at the International Anti-Corruption Conference in Washington DC, demonstrating AIR's commitment to responsible innovation in combating financial crime and promoting multilateral cooperation.
This information is meant to be a general summary of Alliance For Innovative Regulation 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 2022.
- Investment Income: $36
- Program Service Revenue: $33,469
- Gross Receipts: $2,733,673
Assets and Liabilities:
- Total Assets: $1,797,134
- Total Liabilities: $999,717
- Net Assets: $797,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE REVENUE
Revenue
$33,469
Organization Details
Founding Year
2019
Phone
(917) 446-5425Principal Officer
Jo Ann Barefoot
Main Address
1331 4TH STREET SE SUITE 905, WASHINGTON, DC, 20003
Website
www.regulationinnovation.orgNTEE Category
Code: B11 - Education
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