Overview
What is The Welch Institute?
The Welch Institute is a charitable organization based in Houston, Texas, with a mission to collaborate with Rice University and The Robert A. Welch Foundation to excel in the field of advanced materials research. By integrating resources from both entities in the areas of chemistry, physics, engineering, artificial intelligence, and data science, they aim to create a world-class advanced materials research organization. The Institute's objectives include advancing scientific knowledge in advanced materials, addressing fundamental challenges, accelerating applications, and offering educational opportunities. The organization currently has a team of one employee.
Is The Welch Institute legitimate?
The Welch Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Welch 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: $107,996
For more financial information, click here
What is the mission statement of The Welch Institute?
The Welch Institute is a charitable organization dedicated to advancing the science of advanced materials through research and education. It aims to integrate the knowledge and resources of William Marsh Rice University and The Robert A. Welch Foundation to create a leading research organization in the fields of chemistry, physics, engineering, artificial intelligence, and data science. The Institute's objectives include advancing the science of advanced materials, addressing fundamental challenges in the field, accelerating the application of new knowledge, and providing educational opportunities for students and scientists in the field of chemistry and advanced materials.
Who is the CEO of The Welch Institute?
Unavailable
What is the revenue of The Welch Institute?
The Welch Institute's revenue in 2022 was $13,207,850.
Who are the executives of The Welch Institute and what are their salaries?
The average compensation at The Welch Institute during 2022 was $107,996. There is 1 employee and 11 volunteers at The Welch Institute.
Here are 12 key members and their salaries:
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- Related: $1,318,981
- Other: $945,444
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- Related: $631,601
- Other: $149,699
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- Related: $490,215
- Other: $80,202
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- Related: $532,467
- Other: $65,982
- Compensation: $0
- Related: $222,630
- Other: $53,933
Where can I find the form 990 for The Welch Institute?
The Welch Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Welch Institute
The Welch Institute, a charitable organization, is dedicated to fostering collaboration between William Marsh Rice University and The Robert A. Welch Foundation in the realm of chemistry and related disciplines, including physics, engineering, artificial intelligence, and data science. By merging their collective knowledge, expertise, and resources, the Institute strives to create a world-renowned advanced materials research organization.
In pursuit of its mission, The Welch Institute is committed to advancing the scientific understanding and development of advanced materials. It aspires to address the fundamental challenges that persist in this field and expedite the application of newfound knowledge to tackle global challenges. Furthermore, the organization aims to offer educational opportunities for both students and scientists to expand their comprehension of chemistry and advanced materials.
Operating under the umbrella of charitable purposes, The Welch Institute is exclusively focused on benefiting Rice University and its affiliated tax-exempt organizations. It works to further the objectives of these entities by focusing on the research, discovery, and innovation of advanced materials. The Institute's initiatives are geared towards making significant strides in this field, ultimately contributing to the advancement of science and technology.
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Impact
October, 2024
The Welch Institute has made a significant impact by advancing the science and technology of advanced materials, a critical area in numerous fields, including chemistry, physics, engineering, and artificial intelligence. By leveraging the combined expertise and resources of Rice University and the Welch Foundation, the Institute serves as a world-leading research organization focused on addressing fundamental challenges in material science.
Its mission encompasses several key areas: solving complex problems related to advanced materials, accelerating the application of innovative discoveries to address global challenges, and creating educational opportunities for students and researchers. This approach ensures that the knowledge generated at the Institute is translated into real-world solutions, positioning it as a vital contributor to scientific progress and innovation.
Through its collaborative environment, The Welch Institute fosters an ecosystem where interdisciplinary research flourishes, ultimately enhancing the understanding of materials and their applications. This commitment not only drives scientific advancement but also prepares the next generation of scientists and engineers, reinforcing its role as a cornerstone in the ongoing evolution of advanced materials research.
This information is meant to be a general summary of The Welch 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.
- Gross Receipts: $13,207,850
Assets and Liabilities:
- Total Assets: $14,552,341
- Total Liabilities: $0
- Net Assets: $14,552,341
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Organization Details
Founding Year
2020
Phone
(713) 348-0000Main Address
6100 Main Street MS 70, Houston, TX, 77005
NTEE Category
Code: U33 - Science research
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