Overview
What is Progeria Research Foundation Inc?
Progeria Research Foundation Inc, based in Peabody, Massachusetts, is a dedicated nonprofit organization with a mission to uncover treatments and potentially cure Progeria and its age-related disorders, such as heart disease. They have demonstrated their commitment by funding 84 research projects, totaling $9.17 million, through a rigorous peer-review process. With a team of 15 individuals, the foundation provides financial support to innovative researchers, helping to drive progress in the field.
Official website here: www.progeriaresearch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The Progeria Research Foundation Inc has achieved a perfect 100% rating, indicating exceptional accountability and financial management. This score reflects the organization's strong governance practices, with 88% of its board members being independent, and robust financial oversight procedures in place. Their successful audit and comprehensive conflict of interest policies further enhance their credibility, assuring donors that funds are managed responsibly.
User feedback highlights the nonprofit's unique commitment to addressing Progeria, a rare genetic disorder that affects children. A donor expressed satisfaction with the organization's efforts, noting significant advancements in understanding the disease, including the identification of the gene responsible for Progeria and ongoing clinical studies aimed at finding effective treatments. This focus positions the foundation as a leader in its field, dedicated to improving the lives of those affected.
While the foundation's financial health is commendable, ongoing transparency and communication with stakeholders will be vital in maintaining trust and support. Overall, the Progeria Research Foundation demonstrates a strong capacity to make a meaningful impact within its niche, backed by a solid financial and operational framework.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Progeria Research Foundation Inc legitimate?
Progeria Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Progeria Research Foundation 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: $215,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $568,761
For more financial information, click here
Official website here: www.progeriaresearch.org
What is the mission statement of Progeria Research Foundation Inc?
The Progeria Research Foundation Inc's mission is centered around discovering treatments and potential cures for Progeria and its aging-related disorders, including heart disease. Through rigorous peer review, the foundation has granted funding to 84 research projects, totaling $9.17 million, to support innovative research in the field. These grants, worth up to $75,000 annually for two years, have significantly contributed to the advancement of research in Progeria.
Official website here: www.progeriaresearch.org
Who is the CEO of Progeria Research Foundation Inc?
Audrey Gordon Esq is the Director of Progeria Research Foundation Inc.
Official website here: www.progeriaresearch.org
What is the revenue of Progeria Research Foundation Inc?
Progeria Research Foundation Inc's revenue in 2022 was $1,793,850.
Official website here: www.progeriaresearch.org
Who are the executives of Progeria Research Foundation Inc and what are their salaries?
The average compensation at Progeria Research Foundation Inc during 2022 was $52,284. There are 15 employees and 75 volunteers at Progeria Research Foundation Inc.
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- Compensation: $170,000
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- Other: $25,500
Official website here: www.progeriaresearch.org
Where can I find the form 990 for Progeria Research Foundation Inc?
Progeria Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.progeriaresearch.org
Learn more at the official website: www.progeriaresearch.org
Mission Statement of Progeria Research Foundation Inc
The Progeria Research Foundation Inc is dedicated to an ambitious goal: uncovering treatments and ultimately a cure for Progeria and its age-related disorders, including heart disease. This mission is at the heart of their activities, driven by a desire to combat these conditions and improve the lives of those affected. The foundation achieves this by awarding research grants through a rigorous peer-review process, ensuring that the funds support innovative and promising research in the field of Progeria. Their financial commitment totals $9.17 million, distributed across 84 projects, providing crucial backing for groundbreaking work in this area. The grants, worth up to $75,000 per year for two years, have played a significant role in fostering the growth of new research in Progeria, contributing to the broader aim of finding effective treatments and, ultimately, a cure.
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Impact
July, 2024
Progeria Research Foundation Inc has made a significant impact in the field of medical research by focusing on discovering treatments and a cure for Progeria and related aging disorders, including heart disease. The organization has awarded 84 research grants totaling $9.17 million through a peer review process by their volunteer medical research committee. These grants, offering up to $75,000 per year for up to two years, have facilitated innovative new research in Progeria, allowing advancements in understanding and potentially treating this rare genetic condition. Their dedication to advancing medical knowledge in this area is crucial for improving the lives of individuals affected by Progeria and related conditions.
This information is meant to be a general summary of Progeria Research Foundation 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: -$362,102
- Gross Receipts: $13,435,755
Assets and Liabilities:
- Total Assets: $47,596,733
- Total Liabilities: $772,349
- Net Assets: $46,824,384
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Organization Details
Founding Year
1999
Phone
(978) 535-2594Principal Officer
Audrey Gordon Esq
Main Address
PO BOX 3453, PEABODY, MA, 019613453
Website
www.progeriaresearch.orgNTEE Category
Code: H122 - Medical research
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