Overview
What is Foundation For Biomedical Research?
The Foundation for Biomedical Research, located in Washington D.C., serves as a vital advocate for the community on the topic of animal research. With a mission to foster understanding, they utilize various media outlets to promote the essential role of humane and responsible animal research in medical progress. The organization accomplishes this by creating and disseminating educational materials to the general public, media, students, and the research community. With a small team of just two employees, the Foundation plays a significant role in shaping public perception and advocating for the importance of animal research in advancing medical breakthroughs.
Official website here: www.fbresearch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Stars
The Foundation for Biomedical Research has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scores exceptionally well in its oversight and governance, with 100% of its board members being independent, which showcases a strong commitment to transparency and ethical practices. The charity's financial statements are thoroughly audited, and it maintains a low liabilities-to-assets ratio, underscoring its financial stability.
Strengths highlighted in the data include a solid program expense ratio of 68.67%, suggesting that a significant portion of its resources is directed towards its mission. The foundation adheres to best practices in governance, with policies in place regarding conflict of interest, whistleblower protections, and document retention. Additionally, the organization ensures that its tax forms are accessible to the public, further promoting transparency.
While the overall rating is highly favorable, it is important for potential donors to remain informed about the specific programs and initiatives supported by the foundation. No limitations or concerns were noted in the available data, reinforcing the notion that the Foundation for Biomedical Research operates with integrity and sound financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Biomedical Research legitimate?
Foundation For Biomedical Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Biomedical Research 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $406,296
For more financial information, click here
Official website here: www.fbresearch.org
What is the mission statement of Foundation For Biomedical Research?
The Foundation for Biomedical Research's mission is centered around creating and disseminating educational materials to various audiences, including the general public, students, the media, and the research community. This initiative aims to highlight the crucial role that humane and responsible animal research plays in driving continued medical progress. The organization serves as a spokesperson for the community on animal research, promoting public understanding through various media outlets. By doing so, they aim to foster a positive perception of animal research and its significant contributions to medical advancements.
Official website here: www.fbresearch.org
Who is the CEO of Foundation For Biomedical Research?
Matthew R Bailey is the Vice Chair of Foundation For Biomedical Research.
Official website here: www.fbresearch.org
What is the revenue of Foundation For Biomedical Research?
Foundation For Biomedical Research's revenue in 2022 was $3,400,871.
Official website here: www.fbresearch.org
Who are the executives of Foundation For Biomedical Research and what are their salaries?
The average compensation at Foundation For Biomedical Research during 2022 was $203,148. There are 2 employees at Foundation For Biomedical Research.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $139,500
- Related: $0
- Other: $0
Official website here: www.fbresearch.org
Where can I find the form 990 for Foundation For Biomedical Research?
Foundation For Biomedical Research's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fbresearch.org
Learn more at the official website: www.fbresearch.org
Mission Statement of Foundation For Biomedical Research
The Foundation for Biomedical Research is committed to fulfilling a significant mission. This mission involves the creation and dissemination of educational materials aimed at various audiences, including the general public, the media, students, and the research community. The primary objective of these materials is to highlight the indispensable role that humane and responsible animal research plays in the ongoing progress of medical advancements.
By adopting this mission, the Foundation serves as a vital spokesperson for the community on the topic of animal research. It strives to promote a comprehensive understanding of this subject through various media outlets. This proactive approach helps to bridge the gap between public perception and the reality of the role animal research plays in driving medical progress. By taking on this mission, the Foundation for Biomedical Research contributes significantly to the advancement of medical knowledge, ultimately benefitting humanity as a whole.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Foundation for Biomedical Research's impact lies in creating and disseminating educational materials that highlight the essential role humane and responsible animal research plays in medical progress. By serving as a spokesperson for the community on animal research through various media outlets, the foundation promotes public understanding and awareness of the importance of this type of research. Through their efforts, they contribute to fostering a deeper appreciation for the critical role that animal research plays in advancing medical knowledge and improving healthcare outcomes.
This information is meant to be a general summary of Foundation For Biomedical Research. 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: $2,889,136
- Gross Receipts: $16,109,112
Assets and Liabilities:
- Total Assets: $17,068,301
- Total Liabilities: $289,309
- Net Assets: $16,778,992
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1981
Phone
(202) 457-0654Principal Officer
Matthew R Bailey
Main Address
1909 K STREET NW 300, WASHINGTON, DC, 20006
Website
www.fbresearch.orgNTEE Category
Code: H92Z - Medical research
If you are a representative of Foundation For Biomedical Research and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.