Overview
What is Institute For Market Transformation?
The Institute for Market Transformation is a Washington, D.C.-based nonprofit organization that plays a pivotal role in engaging various sectors to create effective and affordable policies for reducing emissions across diverse building types. They strive to address community priorities such as equity, resilience, and public health. They are a strategic and technical partner to government leaders at all levels, as well as community-based organizations, using their expertise in building science, energy, and real estate business practices to develop building decarbonization policy solutions. The primary mission of the Institute is to catalyze demand for high-performing buildings, working towards the improvement of building efficiency and sustainability. They currently have 38 employees dedicated to this cause.
Official website here: www.imt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Institute For Market Transformation has achieved a high rating of 96% from Charity Navigator, reflecting its strong performance in both accountability and finance. The organization boasts a perfect score for having a fully independent board and demonstrates robust financial oversight, with no material diversion of assets reported. These factors contribute to its credibility and transparency as a nonprofit.
Strengths of the organization include an impressive program expense ratio of 90.22%, indicating that a significant portion of its expenditures is directed towards its programs and mission. Additionally, the organization maintains a favorable working capital ratio, suggesting it is well-positioned financially to sustain its operations in the long term. The presence of comprehensive policies, such as conflict of interest and whistleblower policies, reinforces its commitment to ethical governance.
Despite its strengths, the organization has a slightly lower score in the Culture & Community category with 85 points, indicating there may be areas for improvement in fostering community engagement and organizational culture. Nevertheless, the overall high ratings suggest the Institute For Market Transformation effectively manages its resources and upholds a strong commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Market Transformation legitimate?
Institute For Market Transformation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Market Transformation 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: $706,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,030,173
For more financial information, click here
Official website here: www.imt.org
What is the mission statement of Institute For Market Transformation?
The Institute for Market Transformation's mission is geared towards stimulating demand for energy-efficient, high-performing buildings. In pursuit of this goal, the organization engages with public sector entities, working to create building performance policies that are both effective and affordable for various building types. The policies aim to address community priorities such as equity, resilience, and public health. The Institute functions as a strategic and technical partner to government leaders and community-based organizations, employing their expertise in building science, energy, and real estate business practices to develop solutions for building decarbonization. These policy solutions are designed to help reduce greenhouse gas emissions.
Official website here: www.imt.org
What is the revenue of Institute For Market Transformation?
Institute For Market Transformation's revenue in 2023 was $8,826,978.
Official website here: www.imt.org
Who are the executives of Institute For Market Transformation and what are their salaries?
The average compensation at Institute For Market Transformation during 2023 was $91,142. There are 41 employees at Institute For Market Transformation.
Here are 20 key members and their salaries:
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- Compensation: $191,849
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- Compensation: $166,633
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- Other: $17,876
- Compensation: $160,286
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- Other: $18,817
- Compensation: $108,734
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- Compensation: $144,335
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- Compensation: $143,217
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- Other: $5,791
- Compensation: $138,007
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- Other: $30,962
- Compensation: $131,417
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- Other: $3,943
- Compensation: $125,520
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- Other: $20,767
Official website here: www.imt.org
Where can I find the form 990 for Institute For Market Transformation?
Institute For Market Transformation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.imt.org
Learn more at the official website: www.imt.org
Mission Statement of Institute For Market Transformation
The Institute for Market Transformation (IMT) is an organization dedicated to catalyzing demand for high-performing buildings. Its mission is centered around promoting the design of buildings that are energy-efficient and reduce emissions, while also addressing community priorities such as equity, resilience, and public health.
IMT engages with public sector entities to develop building performance policies that are effective, affordable, and beneficial for all building types. In this role, IMT serves as a strategic and technical partner to state, local, and federal government leaders, as well as community-based organizations. Leveraging its expertise in building science, energy, and real estate business practices, IMT works to advance building decarbonization policy solutions.
By collaborating with government leaders and community organizations, IMT seeks to create policies that effectively reduce emissions from buildings, ultimately contributing to a more sustainable future. The organization's efforts aim to address the pressing issue of climate change while also considering the needs and priorities of various communities.
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Impact
June, 2024
The Institute for Market Transformation catalyzes demand for high-performing buildings by advancing building performance policies that effectively reduce emissions for all building types. Through strategic and technical partnerships with government leaders and community-based organizations, IMT leverages expertise in building science, energy, and real estate business practices to drive building decarbonization policy solutions. IMT's impact is felt in promoting equity, resiliency, and public health priorities within communities.
This information is meant to be a general summary of Institute For Market Transformation. 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 2023.
- Investment Income: $138,854
- Program Service Revenue: $1,376,063
- Gross Receipts: $8,826,978
Assets and Liabilities:
- Total Assets: $4,499,701
- Total Liabilities: $730,822
- Net Assets: $3,768,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$1,224,598
MEMBERSHIP DUES
Revenue
$151,465
Organization Details
Founding Year
1996
Phone
(202) 525-2883Principal Officer
Alex Dews
Main Address
PO BOX 66526, WASHINGTON, DC, 20035
Website
www.imt.orgNTEE Category
Code: C35Z - Environment
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