Activity for Innovation and Economic Growth

Nonprofit profile at a glance

EIN
260505830
IRS 990-EZ coverage
2010–2018
Forms available
Form 990-EZ 2018
Location
Alexandria, VA, USA
Phone
2022552779
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$22,968
Expenses
$25,453
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • GEORGE W HANDY (MANAGING DIRECTOR,BOARD ME)
  • ANDERS ASLUND (BOARD MEMBER)
  • NORMAN P NEUREITER (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The activity for innovation and economic growth (aieg) is a project driven organization. Its projects advance education of the public and private sectors in four priority areas of economic growth in the euro-atlantic community for which government, private and foundation funding has been received. These priorities are innovation, health care, infrastructure and security.

What it reported doing in 2018

Organization and management of cooperation in the euro-atlantic region during 2018 focused on selected projects and events in poland and for polish-american cooperation, the closeout of aieg, the start-up of a successor nonprofit organization and the transition of continuing projects and the network to this new organization. Projects advanced health care with emphasis on oncology and application of information technology to advance innovation in health care. Project related activity included a major meeting of polish and american oncologists in chicago, three vists to the united states by major polish delegations and polish-american meetings in richmond, Virginia. Projects and project related activities involved the 200 person international netowrk of aieg. The results deepened polish-american cooperation in health care and science. The closeout of aieg was approved by the board for december 31, 2018 with this information being shared with the aieg network. Aieg consluded activities as planned on december 31, 2018. During 2018, activity included support for the start-up of a nonprofit organization based in poland with planned presence in the united states. This effort was successful with that organization being legally registered in poland, followed by transition of aieg continuing projects and network of participants and experts from aieg to the new organization completed effective december 31, 2018.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.2%; rating input score 94
  • Program expense ratio: 85%; rating input score 85

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -10.8%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 47.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -8.4% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: -19.7% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 94.2% of revenue deployed · 85% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.