Overview
What is The Independent Institute?
The Independent Institute is a nonprofit organization situated in Oakland, California. With a dedicated workforce of 26 individuals, their mission is to foster peaceful, prosperous, and free societies, underpinned by a commitment to human worth and dignity. They achieve this through innovative thinking, advocating for solutions in various domains such as business, housing, healthcare, entitlements, the environment, and global prosperity. The organization's approach involves highlighting wrongdoings, offering practical tech-forward solutions, and sharing these insights with civic leaders, the media, and the public. Their efforts have contributed to significant reforms, including the elimination of the individual healthcare mandate in California and reforms within the California Department of Water Resources and Department of Forestry and Fire Prevention. The Independent Institute's initiatives include award-winning books, studies, and multimedia campaigns, as well as the California Golden Fleece Awards, which recognize government waste and mismanagement.
Official website here: www.independent.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Independent Institute has achieved a perfect score of 100%, reflecting a strong commitment to accountability and financial health. This rating is based entirely on financial metrics, indicating that the organization operates with a high level of transparency and ethical governance. With 81% of its board members being independent, the institute demonstrates good practices in avoiding conflicts of interest.
Financially, The Independent Institute shows impressive ratios, including an 82.11% program expense ratio, indicating that the majority of its funds are directed towards its mission-related activities. Additionally, with a fundraising efficiency of just $0.12, the organization effectively manages its fundraising costs, ensuring that a large portion of donations goes to programs rather than administrative expenses.
There are no noted limitations or concerns regarding material diversions of assets or conflicts of interest, suggesting a well-structured organization with sound financial practices. Overall, the Independent Institute stands out as a highly credible nonprofit with a strong focus on its mission and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is The Independent Institute legitimate?
The Independent Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Independent 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: $211,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,680,609
For more financial information, click here
Official website here: www.independent.org
What is the mission statement of The Independent Institute?
The Independent Institute, a non-profit and non-partisan organization, is committed to promoting peaceful, prosperous, and free societies. Established in the spirit of innovation, it utilizes bold thinking to advance these societies, grounded in a belief in human worth and dignity. The organization sparks entrepreneurship and innovation by challenging government growth, highlighting wrongdoings, and offering practical, tech-forward solutions based on natural law. Its impact is seen in various sectors, including business, healthcare, entitlements, the environment, and global prosperity. The Independent Institute shares its solutions through its Golden Fleece Awards, books, studies, a Spanish website, and multi-media campaigns, reaching civic leaders, the media, and the public. Its work has influenced national legislation, contributed to policy changes, and has been implemented in legislation in California.
Official website here: www.independent.org
Who is the CEO of The Independent Institute?
Mary L G Theroux is the Director of The Independent Institute. The CEO's salary of The Independent Institute is $0 and their total compensation is $0.
Official website here: www.independent.org
What is the revenue of The Independent Institute?
The Independent Institute's revenue in 2022 was $5,449,140.
Official website here: www.independent.org
Who are the executives of The Independent Institute and what are their salaries?
The average compensation at The Independent Institute during 2022 was $72,781. There are 26 employees at The Independent Institute.
Here are 14 key members and their salaries (The Independent Institute's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $171,898
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- Compensation: $134,204
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- Compensation: $121,866
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- Compensation: $183,227
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- Compensation: $107,405
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- Other: $0
Official website here: www.independent.org
Where can I find the form 990 for The Independent Institute?
The Independent Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.independent.org
Learn more at the official website: www.independent.org
Mission Statement of The Independent Institute
The Independent Institute, established in the entrepreneurial spirit of Silicon Valley, is a non-profit, non-partisan organization that employs innovative thinking to advance peaceful, prosperous, and free societies grounded in a commitment to human worth and dignity. Its mission is to reverse government growth by spotlighting wrongdoing and offering practical, tech-forward solutions. The Institute generates solutions in various sectors, including business, housing, healthcare, entitlements, the environment, and global prosperity. Its California Golden Fleece Awards, award-winning books, studies, Spanish website, and multi-media campaigns share these solutions with civic leaders, the media, and the public. The work of The Independent Institute has been introduced in national legislation, contributed to the elimination of the individual healthcare mandate, motivated reform in the California Department of Water Resources and Department of Forestry and Fire Prevention, and has been signed into law in California.
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Impact
July, 2024
The Independent Institute sparks entrepreneurship and innovation by spotlighting governmental wrongdoing and offering practical, tech-forward solutions grounded in natural law. Their work in various sectors such as business, housing, healthcare, entitlements, the environment, and global prosperity has contributed to national legislation changes, the elimination of the individual healthcare mandate, reforms in the California Department of Water Resources and Department of Forestry and Fire Prevention, and the signing of laws in California. Their initiatives have impacted civic leaders, the media, and the public, advancing the vision of peaceful, prosperous, and free societies rooted in human worth and dignity.
This information is meant to be a general summary of The Independent 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: $480,094
- Program Service Revenue: $94,271
- Gross Receipts: $7,488,512
Assets and Liabilities:
- Total Assets: $9,064,012
- Total Liabilities: $701,106
- Net Assets: $8,362,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTIONS AND ROYALTIES
Revenue
$94,271
Organization Details
Founding Year
1986
Phone
(510) 632-1366Principal Officer
Mary L G Theroux
Main Address
100 SWAN WAY, OAKLAND, CA, 94621
Website
www.independent.orgNTEE Category
Code: W05 - Public benefit
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