Overview
What is Connecticut United For Research Excellence Inc?
Connecticut United For Research Excellence Inc, located at 93 Shennecosett Rd, Groton, CT, is a nonprofit organization with a mission to educate and inform the public about biomedical research and biotechnology. They aim to advance these fields by fostering connections between pharmaceutical companies, biotech firms, and colleges and universities in Connecticut. By organizing educational seminars, events, and meetings, they promote Connecticut as a favorable state for biotech and pharmaceutical industries. With a team of five dedicated individuals, their activities focus on strengthening relationships between industry and education, ultimately contributing to the growth and development of biomedical research and technology in Connecticut.
Official website here: www.bioct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Connecticut United For Research Excellence Inc has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score is based entirely on its Accountability & Finance metrics, which reflect a commitment to transparency and effective management of resources during the most recent fiscal year.
The nonprofit boasts an impressive 95.65% program expense ratio, signifying that the vast majority of its expenditures are directed towards its mission-related activities. Additionally, the organization maintains a fully independent board of directors, with 87% of its members being independent, which contributes to its strong governance practices. The presence of comprehensive policies, such as conflict of interest and whistleblower protection, further enhances its credibility and ethical standards.
While the organization excels in accountability and financial stability, it is important for potential donors and stakeholders to understand that this rating focuses solely on financial metrics. Future evaluations may consider program effectiveness and impact, which are not reflected in this rating alone. Overall, Connecticut United For Research Excellence Inc demonstrates a solid framework for responsible management and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut United For Research Excellence Inc legitimate?
Connecticut United For Research Excellence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut United For Research Excellence 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: $163,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,785
For more financial information, click here
Official website here: www.bioct.org
What is the mission statement of Connecticut United For Research Excellence Inc?
Connecticut United For Research Excellence Inc's mission is centered around educating and informing the public about biomedical research and biotechnology. The organization strives to advance these fields by fostering connections between pharmaceutical companies, biotech firms, and educational institutions. They promote Connecticut as a favorable environment for biotech and pharmaceutical industries through educational seminars, events, and meetings. The organization also provides a platform for entrepreneurs to discuss their start-ups and hosts conferences to further the advancement of biomedical research and technology.
Official website here: www.bioct.org
Who is the CEO of Connecticut United For Research Excellence Inc?
Stanley Choy is the President & of Connecticut United For Research Excellence Inc.
Official website here: www.bioct.org
What is the revenue of Connecticut United For Research Excellence Inc?
Connecticut United For Research Excellence Inc's revenue in 2022 was $831,236.
Official website here: www.bioct.org
Who are the executives of Connecticut United For Research Excellence Inc and what are their salaries?
The average compensation at Connecticut United For Research Excellence Inc during 2022 was $66,857. There are 5 employees at Connecticut United For Research Excellence Inc.
Here are 16 key members and their salaries:
- Compensation: $125,000
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- Other: $6,997
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Official website here: www.bioct.org
Where can I find the form 990 for Connecticut United For Research Excellence Inc?
Connecticut United For Research Excellence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bioct.org
Learn more at the official website: www.bioct.org
Mission Statement of Connecticut United For Research Excellence Inc
Connecticut United for Research Excellence Inc, as a nonprofit organization, is dedicated to enlightening and informing the general public about the intricacies of biomedical research and biotechnology. Its primary mission is to foster advancements in these fields by promoting and encouraging such research and technology. The organization aims to bridge the gap between pharmaceutical companies, biotech firms, and educational institutions, fostering relationships that can benefit both industries. By organizing educational seminars, events, and conferences, Connecticut United for Research Excellence Inc works towards positioning Connecticut as a hospitable environment for biotech and pharmaceutical industries. Additionally, the organization provides a platform for entrepreneurs to discuss their start-ups, thereby encouraging innovation and growth in the biotech sector.
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Impact
July, 2024
Connecticut United For Research Excellence Inc, working with 200 members, focuses on fostering connectedness among pharmaceutical companies, biotech firms, and colleges and universities. This organization aims to form relationships between industry and education, while also promoting Connecticut as a biotech and pharmaceutical-friendly state through educational seminars, events, meetings for entrepreneurs to discuss their start-ups, and conferences. This initiative plays a crucial role in advancing biomedical research and biotechnology by facilitating collaboration and knowledge sharing within the industry.
This information is meant to be a general summary of Connecticut United For Research Excellence 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.
- Program Service Revenue: $259,615
- Gross Receipts: $831,236
Assets and Liabilities:
- Total Assets: $829,464
- Total Liabilities: $330,625
- Net Assets: $498,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOPS AND SPECIAL EVENTS
Revenue
$259,615
Organization Details
Phone
(203) 470-2720Principal Officer
Stanley Choy
Main Address
93 SHENNECOSSETT RD, GROTON, CT, 06340
Website
www.bioct.orgNTEE Category
Code: H45I - Medical research
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