The Welch Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853543248 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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.

Here 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?
What is the revenue of The Welch Institute?
Who are the executives of The Welch Institute and what are their salaries?
Where can I find the form 990 for The Welch Institute?

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.

Impact

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.




Thursday, August 15, 2024

The Welch Institute's impact lies in its mission to advance the science and learning of advanced materials through the integration of knowledge and resources from Rice University and the Welch Foundation. By focusing on chemistry and related disciplines such as physics, engineering, artificial intelligence, and data science, the Institute aims to establish itself as a global leader in advanced materials research. Its efforts in solving fundamental challenges in this field and applying new knowledge to address global challenges contribute to the advancement of scientific knowledge and innovation. Additionally, the Institute provides valuable educational opportunities for students and scientists to deepen their understanding of chemistry and advanced materials, making a significant impact on the future generation of researchers in these fields.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $13,207,850

    • Assets and Liabilities:
  • Total Assets: $14,552,341
  • Total Liabilities: $0
  • Net Assets: $14,552,341
  • Organization Details

    Founding Year

    2020

    Main Address

    6100 Main Street MS 70, Houston, TX, 77005

    NTEE Category

    Code: U33 - Science research

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