Institute For Social And Economic Innovation Inc
- Assets
- $59.6k
- Revenue
- $2.8k
- Investments
- $57.7k
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-1373302
Organization Overview
Institute For Social And Economic Innovation Inc is located in Brookline, MA. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Social And Economic Innovation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Institute For Social And Economic Innovation Inc generated $2.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $6.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC OBJECTIVES AND PURPOSES OF THE INSTITUTE FOR SOCIAL AND ECONOMIC INNOVATION, INC. (ISEI) SHALL BE: CONDUCTING RELATED RESEARCH, ORGANIZING ACADEMIC AND CULTURAL ACTIVITIES. THE DETAILS ARE AS FOLLOWS: A. CONDUCT RELATED RESEARCH. THE RESEARCH WILL CONCENTRATE ON INNOVATIVE SOCIAL AND ECONOMIC POLICY, REFINE EXISTING PRACTICES AND DEVELOPS POWERFUL TOOLS TO BEAR IN SOLVING THE MOST PRESSING SOCIAL CHALLENGES IN LESS DEVELOPED COMMUNITIES. THROUGH THE RESEARCH THE ORGANIZATION WILL DEVELOP EXPERTISE ON SOCIETY-WIDE PROBLEMS ON A WIDER SCALE AND USE A COMBINATION OF ACADEMIC AND PRACTICAL METHODS, WITH COLLABORATION BETWEEN BUSINESS ENTITIES AND OTHER NONPROFIT ORGANIZATIONS. THE RESEARCH AGENDA OF ISEI IS WIDE RANGING INCLUDING, (1) BIG DATA AND ITS APPLICATION IN GOVERNANCE; (2) AI FOR OPEN SOCIETY; (3) SUSTAINABLE DEVELOPMENT AND POLICY, B. ACADEMIC AND CULTURAL ACTIVITIES. ISEI WILL ROUTINELY ORGANIZE ACADEMIC AND CULTURAL ACTIVITIES SUCH AS SYMPOSIUMS AND FORUMS THAT ARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ning Jiang Prs, Trs, Cl | 1 | $0 | |
Ruopeng An Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,600 |
| Interest on Savings | $208 |
| Dividends & Interest | $276 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$320 |
| Total Revenue | $2,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $6,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279 |
| Savings and temporary cash investments | $1,010 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $562 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $57,739 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $59,590 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,000 |
| Total liabilities | $7,000 |
Grants Awarded
Over the last fiscal year, Institute For Social And Economic Innovation Inc has awarded $10,218 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD SEED FOR SOCIAL INNOVATION PURPOSE: SUPPORT/PROMOTING INTERNATIONAL | $5,215 |
- A GSAS STUDENT ORGANIZATION PURPOSE: COMMUNITY & COMMUNICATION | $1 |
X PURPOSE: X | $1 |
HARVARD KENNEDY SCHOOL - PURPOSE: SUPPORT/PROMOTING INTERNATIONAL | $5,000 |
CHINA SOCIETY PURPOSE: COMMUNITY & COMMUNICATION | $1 |