Overview
What is Seeding Labs A Non-Profit Corporation?
Seeding Labs A Non-Profit Corporation, based in Boston, Massachusetts, is an organization dedicated to fostering scientific discoveries worldwide. Under its 'Instrumental Access' program, it collaborates with over 200 scientific entities, such as manufacturers, companies, universities, and individuals, to enhance resource access for researchers and students in developing countries. In 2022 alone, it supported 12 institutions across 9 countries with 29 tons of laboratory equipment and supplies worth over $1.1 million. Seeding Labs has been active for over a decade, benefiting more than 106 institutions in 40 countries through its online Telescience platform. This platform connects scientists globally, sharing knowledge that accelerates STEM teaching and research, aligning with its mission to ensure equal opportunities for scientific discoveries that improve our planet. The organization currently employs 14 individuals.
Official website here: www.seedinglabs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
Seeding Labs has achieved a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization boasts an impressive Accountability & Finance Score of 94, highlighting its robust governance practices, including 100% independent board members and strong financial oversight mechanisms. The charity also has strong constituent feedback practices, demonstrating a commitment to engaging and responding to the communities it serves.
While the program expense ratio is commendable at nearly 80%, indicating that a significant portion of resources are directed towards its programs, the fundraising efficiency ratio is notably low at $0.06. This suggests that the organization may face challenges in fundraising efforts relative to the costs incurred, which could impact its sustainability in the long run. However, the organization’s significant working capital ratio of 2.15 years indicates it has a solid financial buffer to support its operations.
The charity also shows a commitment to equity with a score of 79 out of 100 in equity strategies, though there is room for improvement in the equity policies and processes area. Overall, Seeding Labs demonstrates strong financial health and accountability, with effective practices in place for feedback and engagement, while also needing to address its fundraising efficiency to bolster its ongoing impact.
This AI summary has been generated from information found on Charity Navigator.
Is Seeding Labs A Non-Profit Corporation legitimate?
Seeding Labs A Non-Profit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seeding Labs A Non-Profit Corporation 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: $241,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $585,212
For more financial information, click here
Official website here: www.seedinglabs.org
What is the mission statement of Seeding Labs A Non-Profit Corporation?
Seeding Labs A Non-Profit Corporation's mission is centered around empowering scientists globally. Their goal is to ensure equal opportunities for scientific discoveries that can positively impact our planet. The organization's programs aim to unleash the full potential of scientists worldwide, focusing on combating global diseases, feeding the growing population, and protecting our environment. In 2022, under the Instrumental Access program, Seeding Labs significantly increased access to resources for researchers and students in developing countries, supporting 12 institutions in 9 countries with over 29 tons of laboratory equipment and supplies worth over $1.1 million. For over a decade, researchers and students at more than 106 institutions in 40 countries have benefited from Instrumental Access. Seeding Labs' online Telescience platform connects scientists globally, sharing knowledge that accelerates STEM teaching and research.
Official website here: www.seedinglabs.org
Who is the CEO of Seeding Labs A Non-Profit Corporation?
Melissa Wu is the Chair of Seeding Labs A Non-Profit Corporation. The CEO's salary of Seeding Labs A Non-Profit Corporation is $130,146 and their total compensation is $130,616.
Official website here: www.seedinglabs.org
What is the revenue of Seeding Labs A Non-Profit Corporation?
Seeding Labs A Non-Profit Corporation's revenue in 2022 was $5,710,275.
Official website here: www.seedinglabs.org
Who are the executives of Seeding Labs A Non-Profit Corporation and what are their salaries?
The average compensation at Seeding Labs A Non-Profit Corporation during 2022 was $59,017. There are 14 employees and 1 volunteer at Seeding Labs A Non-Profit Corporation.
Here are 14 key members and their salaries (Seeding Labs A Non-Profit Corporation's CEO's salary is $130,146 and their total compensation is $130,616):
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- Compensation: $130,146
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- Other: $470
- Compensation: $108,536
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- Other: $1,875
- Compensation: $121,389
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- Other: $550
Official website here: www.seedinglabs.org
Where can I find the form 990 for Seeding Labs A Non-Profit Corporation?
Seeding Labs A Non-Profit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seedinglabs.org
Learn more at the official website: www.seedinglabs.org
Mission Statement of Seeding Labs A Non-Profit Corporation
Seeding Labs A Non-Profit Corporation is committed to empowering every scientist globally to contribute to transforming our world. Their mission is twofold: firstly, to ensure that everyone has an equal opportunity to make scientific discoveries that can improve our planet. Secondly, their programs aim to unleash the full potential of scientists worldwide, enabling them to combat global diseases, feed our growing population, and protect our environment.
Under this mission, Seeding Labs has been instrumental in increasing access to resources for researchers and students in developing countries. Through their Instrumental Access program, they leverage a network of over 200 scientific entities to provide laboratory equipment and supplies worth over $1.1 million to 12 institutions across 9 countries in 2022 alone. This initiative has been supporting researchers and students at over 106 institutions across 40 countries for over a decade, contributing significantly to scientific advancements in these regions.
Beyond physical resources, Seeding Labs also operates an online Telescience platform (https://telescience.seedingslabs.org), connecting scientists worldwide. This platform facilitates the sharing of knowledge, accelerating STEM teaching and research, thereby fostering a global community of scientists working towards a common goal of improving our world.
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Impact
July, 2024
Seeding Labs A Non-Profit Corporation empowers scientists worldwide by significantly increasing access to resources for researchers and students in developing countries. Through their "Instrumental Access" program, Seeding Labs has supported 12 institutions across 9 countries with more than 29 tons of laboratory equipment and supplies valued at over $1.1 million. Over the years, more than 106 institutions in 40 countries have benefited from this initiative.
Additionally, Seeding Labs' online Telescience platform connects scientists globally, facilitating knowledge sharing that accelerates STEM teaching and research. Their goal is to ensure that everyone has an equal opportunity to make scientific discoveries that improve our planet, focusing on fighting global diseases, feeding the growing population, and protecting the environment.
This information is meant to be a general summary of Seeding Labs A Non-Profit Corporation. 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: $829
- Program Service Revenue: $721,747
- Gross Receipts: $5,710,275
Assets and Liabilities:
- Total Assets: $5,907,368
- Total Liabilities: $68,135
- Net Assets: $5,839,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EQUIP MGMT CONTRACTS
Revenue
$372,847
FREIGHT/EQUIP HANDLING
Revenue
$348,900
Organization Details
Founding Year
2007
Phone
(617) 500-3014Principal Officer
Melissa Wu
Main Address
25 DORCHESTER AVENUE 51914, BOSTON, MA, 02205
Website
www.seedinglabs.orgNTEE Category
Code: U052 - Science research
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