Overview
What is The Laboratory Safety Institute Inc?
The Laboratory Safety Institute Inc is a nonprofit organization that prioritizes laboratory safety. They achieve this mission by conducting seminars, providing safety consulting services, and selling or renting safety-related audiovisual materials and newsletters. Their primary goal is to foster a secure environment in laboratories, thereby contributing to the overall well-being of individuals working in these settings. The Institute's offerings are instrumental in raising awareness and implementing safety protocols, thereby making laboratories a safer place.
Official website here: www.labsafetyinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Laboratory Safety Institute Inc has achieved an impressive 93% rating from Charity Navigator, reflecting strong accountability and financial health. The organization demonstrates a commitment to transparency, with 83% of its board members being independent and maintaining essential policies such as conflict of interest and whistleblower protections. Its program expense ratio of 84.88% indicates that a significant portion of its funds is allocated directly to its mission-related activities.
The organization scores well across various metrics that contribute to its overall rating. There are no reported material diversions of assets, and it complies with regulations by listing its website on its tax forms. Additionally, board meeting minutes are documented, showing a level of diligence in governance practices.
One area that could be improved is the liabilities to assets ratio, which stands at 54.80%. While this is still within a reasonable range, it suggests that the organization may have a considerable amount of liabilities compared to its assets, which could merit further monitoring. Overall, The Laboratory Safety Institute Inc showcases strong financial practices and governance but may want to address its financial leverage moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Laboratory Safety Institute Inc legitimate?
The Laboratory Safety Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Laboratory Safety Institute 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: $278,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,355
For more financial information, click here
Official website here: www.labsafetyinstitute.org
What is the mission statement of The Laboratory Safety Institute Inc?
The Laboratory Safety Institute's mission is centered around advocating for laboratory safety. They achieve this by providing seminars and safety consulting, as well as selling and renting safety-related audiovisual materials and newsletters. By doing so, they aim to enhance the safety standards and practices within various laboratory settings. This organization plays a significant role in promoting a safer environment for those working in laboratories, thereby reducing risks and ensuring the well-being of individuals involved.
Official website here: www.labsafetyinstitute.org
Who is the CEO of The Laboratory Safety Institute Inc?
Rajeev Santhappa is the President Emeritus of The Laboratory Safety Institute Inc.
Official website here: www.labsafetyinstitute.org
What is the revenue of The Laboratory Safety Institute Inc?
The Laboratory Safety Institute Inc's revenue in 2022 was $574,699.
Official website here: www.labsafetyinstitute.org
Who are the executives of The Laboratory Safety Institute Inc and what are their salaries?
The average compensation at The Laboratory Safety Institute Inc during 2022 was $60,675. There are 6 employees and 20 volunteers at The Laboratory Safety Institute Inc.
Here are 14 key members and their salaries:
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- Compensation: $110,532
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- Other: $7,594
Official website here: www.labsafetyinstitute.org
Where can I find the form 990 for The Laboratory Safety Institute Inc?
The Laboratory Safety Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.labsafetyinstitute.org
Learn more at the official website: www.labsafetyinstitute.org
Mission Statement of The Laboratory Safety Institute Inc
The Laboratory Safety Institute, an organization dedicated to promoting laboratory safety, achieves its mission by providing various services. One of its key offerings is conducting safety seminars, aiming to educate individuals on how to work safely in laboratory environments. Additionally, the Institute offers safety consulting services, helping laboratories identify potential hazards and develop strategies to mitigate them. Furthermore, The Laboratory Safety Institute sells and rents safety-related audiovisual materials and newsletters, providing resources for laboratories to promote and enforce safety practices within their facilities. By offering these services, The Laboratory Safety Institute plays a vital role in ensuring the well-being of laboratory workers and maintaining safe working conditions in laboratories.
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Impact
July, 2024
The Laboratory Safety Institute Inc plays a crucial role in promoting laboratory safety by offering seminars, safety consulting services, and providing safety-related audiovisual materials and newsletters. This organization's impact lies in its mission to educate and equip laboratory professionals with the necessary tools and knowledge to maintain safe working environments. Through their efforts, they contribute to reducing the risk of accidents and injuries in laboratories, ultimately safeguarding the well-being of personnel and protecting the integrity of scientific research.
This information is meant to be a general summary of The Laboratory Safety Institute 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: $144
- Program Service Revenue: $493,757
- Gross Receipts: $581,338
Assets and Liabilities:
- Total Assets: $300,475
- Total Liabilities: $106,136
- Net Assets: $194,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COURSE TUITION REVENUE
Revenue
$359,481
CONSULTING
Revenue
$134,276
Organization Details
Founding Year
1994
Phone
(508) 647-1900Principal Officer
Rajeev Santhappa
Main Address
192 WORCESTER ROAD, NATICK, MA, 017602522
Website
www.labsafetyinstitute.orgNTEE Category
Code: B99 - Education
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