Overview
What is Ocean State Research Institute Inc?
Ocean State Research Institute Inc is a nonprofit organization, specifically dedicated to supporting the research and educational initiatives at the Providence VA Medical Center. Their primary objective is to contribute to the advancement of knowledge and healthcare within this medical center. By providing essential backing for these programs, the Institute aims to foster innovation and improvement in the medical field.
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star Rating
Ocean State Research Institute Inc has received a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The charity's high score is based entirely on its Accountability & Finance metrics, where it scored 91%. This rating indicates a robust approach to overseeing its financial practices and governance.
The organization boasts a fully independent board, with all members meeting independence criteria. It also has strong policies in place, such as comprehensive conflict of interest and whistleblower policies, ensuring transparency and ethical governance. Furthermore, the financial oversight is commendable, as the institute has no instances of material asset diversion, which enhances its credibility.
However, while the financial health indicators are positive, the liabilities to assets ratio stands at 56.97%, suggesting a need for monitoring financial leverage. Overall, Ocean State Research Institute Inc demonstrates strong operational integrity and a high level of program expense ratio, ensuring that a significant portion of its funding is directed toward its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean State Research Institute Inc legitimate?
Ocean State Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean State Research 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: $78,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,063,126
For more financial information, click here
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
What is the mission statement of Ocean State Research Institute Inc?
The Ocean State Research Institute Inc is dedicated to supporting the research and educational initiatives at the Providence VA Medical Center. Their mission is centered around enhancing these programs, contributing to the advancement of medical knowledge and patient care. By providing this support, the Institute plays a crucial role in the medical community, fostering innovation and progress in healthcare research.
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
Who is the CEO of Ocean State Research Institute Inc?
Mary T Ford is the Executive Director of Ocean State Research Institute Inc.
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
What is the revenue of Ocean State Research Institute Inc?
Ocean State Research Institute Inc's revenue in 2022 was $5,112,381.
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
Who are the executives of Ocean State Research Institute Inc and what are their salaries?
The average compensation at Ocean State Research Institute Inc during 2022 was $54,926. There are 39 employees at Ocean State Research Institute Inc.
Here are 11 key members and their salaries:
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Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
Where can I find the form 990 for Ocean State Research Institute Inc?
Ocean State Research Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providence.va.gov/research/ocean_state_research_institute.asp
Learn more at the official website: www.providence.va.gov/research/ocean_state_research_institute.asp
Mission Statement of Ocean State Research Institute Inc
Ocean State Research Institute, as a nonprofit organization, dedicates its mission towards supporting the research and educational programs at the Providence VA Medical Center. This mission involves providing essential resources and assistance to facilitate the advancement of medical knowledge and improve patient care. By collaborating with the Providence VA Medical Center, Ocean State Research Institute contributes to the development of innovative treatments, therapies, and procedures, ultimately benefiting the veterans and the broader healthcare community. The organization's role is instrumental in fostering an environment conducive to learning and discovery, thereby contributing to the medical field's continuous evolution.
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Impact
July, 2024
Ocean State Research Institute Inc's impact can be seen through its support for the research and educational programs at the Providence VA Medical Center. By focusing on medical research, the institute plays a crucial role in advancing knowledge and improving healthcare outcomes for veterans and the broader community. This support helps facilitate innovative research projects, educational initiatives, and ultimately contributes to the well-being of individuals who benefit from the outcomes of these efforts.
This information is meant to be a general summary of Ocean State Research 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: $3,138
- Program Service Revenue: $5,109,243
- Gross Receipts: $5,112,381
Assets and Liabilities:
- Total Assets: $2,864,500
- Total Liabilities: $1,781,096
- Net Assets: $1,083,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research revenue
Revenue
$5,109,243
Organization Details
Founding Year
1988
Phone
(401) 457-3066Principal Officer
Mary T Ford
Main Address
830 Chalkstone Avenue, Providence, RI, 02908
NTEE Category
Code: H00Z - Medical research
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