Overview
What is Foundation For Neurologic Diseases Inc?
The Foundation for Neurologic Diseases Inc, located in Newburyport, Massachusetts, is a nonprofit organization with a mission to unravel the mysteries behind complex, chronic brain disorders such as Alzheimer's, Multiple Sclerosis, and Parkinson's disease. With a dedicated workforce of three individuals, the foundation is committed to supporting research aimed at discovering the underlying causes and developing effective treatments for these debilitating conditions, to ultimately preserve brain function. The foundation's headquarters can be found at 10 State Street in Newburyport, Massachusetts.
Official website here: www.fndboston.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
The Foundation For Neurologic Diseases Inc has achieved an impressive Four-Star rating from Charity Navigator, primarily reflecting its strong accountability and financial management practices. With a perfect score of 100% in their Accountability & Finance category, the organization demonstrates a commitment to transparency and responsible stewardship of its resources.
Strengths of the foundation include a fully independent board, which scored 8 out of 8 points, along with a well-structured audit and oversight committee. The organization maintains a high program expense ratio of 90.78%, indicating that a significant portion of its funds directly supports its mission. Additionally, it adheres to best practices with documented policies for conflict of interest, whistleblower protections, and record retention.
While the overall rating is excellent, the summary primarily focuses on financial and governance metrics without addressing specific programmatic impact or community feedback. This might leave potential donors wanting more insight into the direct outcomes of their contributions. However, the organization's fiscal health and governance structures suggest a reliable option for philanthropy.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Neurologic Diseases Inc legitimate?
Foundation For Neurologic Diseases Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Neurologic Diseases Inc 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: $459,006
For more financial information, click here
Official website here: www.fndboston.org
What is the mission statement of Foundation For Neurologic Diseases Inc?
The Foundation for Neurologic Diseases Inc is committed to uncovering the underlying causes and developing effective treatments for debilitating brain functions disorders, such as Alzheimer's, Multiple Sclerosis, and Parkinson's disease. Their mission is to contribute significantly to the medical community by providing groundbreaking research in the field of neurological diseases. The organization's primary focus is on advancing our understanding of these conditions, ultimately leading to improved healthcare outcomes for affected individuals. The Foundation supports numerous research initiatives aimed at identifying potential therapies and interventions for these chronic neurological disorders.
Official website here: www.fndboston.org
Who is the CEO of Foundation For Neurologic Diseases Inc?
Dennis Selkoe is the President of Foundation For Neurologic Diseases Inc.
Official website here: www.fndboston.org
What is the revenue of Foundation For Neurologic Diseases Inc?
Foundation For Neurologic Diseases Inc's revenue in 2022 was $4,406,988.
Official website here: www.fndboston.org
Who are the executives of Foundation For Neurologic Diseases Inc and what are their salaries?
The average compensation at Foundation For Neurologic Diseases Inc during 2022 was $153,002. There are 3 employees at Foundation For Neurologic Diseases Inc.
Here are 9 key members and their salaries:
- Compensation: $247,706
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- Other: $0
- Compensation: $62,000
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- Other: $0
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- Other: $0
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- Compensation: $149,300
- Related: $0
- Other: $0
Official website here: www.fndboston.org
Where can I find the form 990 for Foundation For Neurologic Diseases Inc?
Foundation For Neurologic Diseases Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fndboston.org
Learn more at the official website: www.fndboston.org
Mission Statement of Foundation For Neurologic Diseases Inc
The Foundation for Neurologic Diseases Inc is committed to a noble cause: identifying the origins and procuring effective treatments for intricate, prolonged ailments that prematurely impair brain function. Their primary focus lies in Alzheimer's, Multiple Sclerosis, and Parkinson's diseases. The organization's mission is centered around two fundamental objectives: discovering the underlying causes of these neurological disorders and developing viable treatments to alleviate their debilitating effects. By dedicating their resources to this critical area, the Foundation for Neurologic Diseases Inc aims to make a significant impact in improving the lives of those affected by these debilitating conditions.
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Impact
July, 2024
Foundation For Neurologic Diseases Inc is making a significant impact in the field of medical research by focusing on finding the causes of and providing treatments for complex, chronic diseases that prematurely destroy Brain Function. Specifically, the Foundation's dedication to supporting research in Alzheimer's disease is crucial in advancing our understanding of this debilitating condition. By directing efforts towards Alzheimer's, Multiple Sclerosis, and Parkinson's disease, the Foundation is actively contributing to the development of treatments that have the potential to improve the lives of those affected by these conditions.
This information is meant to be a general summary of Foundation For Neurologic Diseases Inc. 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: $3,161,471
- Program Service Revenue: $642,512
- Gross Receipts: $4,406,988
Assets and Liabilities:
- Total Assets: $29,946,123
- Total Liabilities: $180,561
- Net Assets: $29,765,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research Income
Revenue
$642,512
Organization Details
Founding Year
1998
Phone
(978) 465-0008Principal Officer
Dennis Selkoe
Main Address
10 State Street, Newburyport, MA, 019506604
Website
www.fndboston.orgNTEE Category
Code: H960 - Medical research
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