Overview
What is Material Innovation Institute?
Material Innovation Institute is a nonprofit organization based in Napa, California, dedicated to promoting the development and adoption of animal-free and environmentally-friendly materials in the fashion, home goods, and automotive industries. They facilitate connections between companies, technologies, and investors to secure funding for next-generation materials, making them more accessible. The Institute's mission is to accelerate the availability of high-quality, high-performance materials that are not only animal-free but also environmentally preferred. They achieve this by fast-tracking the development of next-gen materials through plant-based and lab-grown innovations, and by researching untapped sources, particularly in biological materials. They also publish industry white papers, technology overviews, and readiness assessments to identify key areas for additional research. Additionally, they collaborate with material manufacturers and biotech companies to provide information on the impact of innovation in this field.
Official website here: www.materialinnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Material Innovation Initiative (MII) has achieved a remarkable Four-Star rating on Charity Navigator, reflecting high standards in accountability, financial management, impact measurement, and leadership adaptability. The organization boasts a 100% independent board and excels in collecting and utilizing feedback, which illustrates its commitment to transparency and responsiveness to stakeholder needs.
User feedback from various sources underscores MII's significant impact in the sustainable materials sector. Reviewers praise the organization's innovative approach, collaborative efforts with industry leaders, and its dedication to advancing animal welfare through non-animal-based materials. Volunteers and partners express gratitude for the supportive and inclusive work environment, highlighting the leadership's ability to inspire and foster professional growth.
While the reviews are overwhelmingly positive, they primarily reflect the experiences of dedicated supporters and industry professionals. This focus indicates that while MII is making strides in its mission, continued outreach and engagement with a broader audience may enhance its visibility and impact in the wider community. Overall, MII is recognized as a crucial player in promoting sustainability and innovation within the materials industry.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Material Innovation Institute legitimate?
Material Innovation Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Material Innovation 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: $190,517
Professional Fundraising Fees: $52,500
Other Salaries and Wages: $503,658
For more financial information, click here
Official website here: www.materialinnovation.org
What is the mission statement of Material Innovation Institute?
The Material Innovation Institute's mission is centered around expediting the development and availability of high-quality, high-performance, animal-free, and environmentally preferred materials. The Institute actively collaborates with various industries, including fashion, automotive, and home goods, to help fast-track the creation of next-generation materials using plant-based and lab-grown innovations. Additionally, they aim to reduce the environmental impact of existing fibers such as synthetics and cellulose. They achieve this by identifying untapped sources, particularly in biological materials, conducting research, and publishing industry reports. Furthermore, they provide information to material manufacturers and biotech companies to assess impact through innovation. The Institute also engages with brands to help increase their alternative material cache and addresses the practical uses of these materials.
Official website here: www.materialinnovation.org
Who is the CEO of Material Innovation Institute?
Nicole Rawling is the President (Thru March) of Material Innovation Institute. The CEO's salary of Material Innovation Institute is $126,000 and their total compensation is $126,000.
Official website here: www.materialinnovation.org
What is the revenue of Material Innovation Institute?
Material Innovation Institute's revenue in 2022 was $1,886,970.
Official website here: www.materialinnovation.org
Who are the executives of Material Innovation Institute and what are their salaries?
The average compensation at Material Innovation Institute during 2022 was $86,772. There are 8 employees and 11 volunteers at Material Innovation Institute.
Here are 14 key members and their salaries (Material Innovation Institute's CEO's salary is $126,000 and their total compensation is $126,000):
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Official website here: www.materialinnovation.org
Where can I find the form 990 for Material Innovation Institute?
Material Innovation Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.materialinnovation.org
Learn more at the official website: www.materialinnovation.org
Mission Statement of Material Innovation Institute
The Material Innovation Institute, an organization dedicated to revolutionary advancements, focuses on accelerating the development of next-generation materials for the fashion, automotive, and home goods industries. Its mission is threefold: to expedite the availability of high-quality, high-performance, animal-free, and environmentally preferred materials.
The Material Innovation Institute works tirelessly to identify and support companies and technologies in the development of animal-free and environmentally friendly next-generation materials. By tapping into untapped sources, particularly biological materials, the Institute aims to create materials with a significantly reduced environmental footprint compared to existing fibers such as synthetics and cellulose.
In addition, the Material Innovation Institute collaborates with material manufacturers and biotech companies, providing them with information on the impact of innovation. This collaboration is designed to facilitate the sharing of knowledge and resources, ultimately making next-generation materials more accessible. Furthermore, the Institute engages with brands to assist them in expanding their alternative material cache and addresses how these materials can be effectively utilized.
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Impact
June, 2024
Material Innovation Institute's impact lies in accelerating the availability of high-quality, high-performance, animal-free, and environmentally preferred materials. By focusing on the development of next-gen materials for industries such as fashion, automotive, and home goods, the institute works to fast-track the adoption of plant-based and lab-grown innovations. Through research, collaboration with material manufacturers and biotech companies, and engagement with brands, Material Innovation Institute is driving significant progress towards reducing the environmental footprint of existing fibers and promoting sustainable alternatives. This impact is crucial in reshaping industries towards more sustainable practices and promoting innovation for a better future.
This information is meant to be a general summary of Material Innovation 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.
- Program Service Revenue: $311,965
- Gross Receipts: $1,886,970
Assets and Liabilities:
- Total Assets: $1,302,142
- Total Liabilities: $58,319
- Net Assets: $1,243,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$296,697
PROGRAM SERVICE REVENUE
Revenue
$15,268
Organization Details
Founding Year
2019
Phone
(929) 242-8512Principal Officer
Nicole Rawling
Main Address
952 SCHOOL ST 175, NAPA, CA, 94559
Website
www.materialinnovation.orgNTEE Category
Code: C20 - Environment
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