Overview
What is Narrows Institute For Biomedical Research Inc?
Narrows Institute For Biomedical Research Inc is a nonprofit organization situated in Brooklyn, New York, with a primary focus on medical research. Their mission is to contribute to the advancement of knowledge related to the causes, diagnosis, treatment, or prevention of physical diseases, specifically for the Department of Veterans Affairs. This institution aims to enhance the effectiveness of the Veteran Health Service and Research Administration's primary functions. With a workforce of 38 individuals, they are dedicated to conducting research that can significantly impact the healthcare field, particularly for the veteran community.
Official website here: www.thenarrowsinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Narrows Institute For Biomedical Research Inc has received a rating of 72% from Charity Navigator, indicating that while there are some strengths, there are significant areas in need of improvement. The organization demonstrates strong financial oversight with a perfect score on its Audit and Oversight Committee and effectively manages its program expenses, allocating over 84% towards programs. However, the accountability measures related to board independence reveal a concerning gap, with only 28% of board members being independent.
The organization has established several critical policies, including conflict of interest and whistleblower policies, and they have maintained transparency by documenting board meeting minutes. However, the absence of their tax form on the nonprofit's website is a notable limitation that may affect stakeholders' ability to access financial information. Additionally, the liabilities to assets ratio suggests potential financial vulnerabilities that merit closer scrutiny.
Overall, Narrows Institute For Biomedical Research Inc displays a commitment to its mission through substantial program spending and adherence to governance policies, yet it must address board independence and improve financial transparency to enhance its rating and foster greater trust among donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Narrows Institute For Biomedical Research Inc legitimate?
Narrows Institute For Biomedical Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Narrows Institute For Biomedical Research 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: $108,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,616,608
For more financial information, click here
Official website here: www.thenarrowsinstitute.org
What is the mission statement of Narrows Institute For Biomedical Research Inc?
The Narrows Institute for Biomedical Research Inc was established with a mission to support the Department of Veterans Affairs in conducting more effective medical research. Its primary objective is to enhance the primary functions of the Veterans Health Service and Research Administration. The organization is dedicated to medical research, aiming to discover, develop, or verify knowledge related to the causes, diagnosis, treatment, or prevention of physical diseases. This research is intended to contribute to the betterment of healthcare services for veterans.
Official website here: www.thenarrowsinstitute.org
Who is the CEO of Narrows Institute For Biomedical Research Inc?
Bethanne Wenzel Ms is the Executive Di of Narrows Institute For Biomedical Research Inc.
Official website here: www.thenarrowsinstitute.org
What is the revenue of Narrows Institute For Biomedical Research Inc?
Narrows Institute For Biomedical Research Inc's revenue in 2022 was $2,872,861.
Official website here: www.thenarrowsinstitute.org
Who are the executives of Narrows Institute For Biomedical Research Inc and what are their salaries?
The average compensation at Narrows Institute For Biomedical Research Inc during 2022 was $45,391. There are 38 employees at Narrows Institute For Biomedical Research Inc.
Here are 8 key members and their salaries:
- Compensation: $108,254
- Related: $0
- Other: $0
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- Other: $200
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thenarrowsinstitute.org
Where can I find the form 990 for Narrows Institute For Biomedical Research Inc?
Narrows Institute For Biomedical Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thenarrowsinstitute.org
Learn more at the official website: www.thenarrowsinstitute.org
Mission Statement of Narrows Institute For Biomedical Research Inc
Narrows Institute for Biomedical Research Inc is established with a mission to aid the Department of Veterans Affairs in conducting more effective primary functions of the Veteran Health Service and Research Administration. Specifically, the organization facilitates medical research to uncover, develop, or verify knowledge related to the causes, diagnosis, treatment, or prevention of physical diseases. By doing so, Narrows Institute for Biomedical Research Inc aims to contribute to the overall goal of enhancing healthcare services for veterans.
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Impact
July, 2024
Narrows Institute For Biomedical Research Inc's impact is significant in advancing medical research specifically aimed at discovering, developing, or verifying knowledge related to the causes, diagnosis, treatment, or prevention of physical diseases. Through its activities, the organization plays a crucial role in facilitating medical research for the Department of Veterans Affairs, thereby enhancing the primary functions of the Veteran Health Service and Research Administration. By focusing on medical research, Narrows Institute contributes to the advancement of healthcare and the development of new strategies to improve the health and well-being of individuals, particularly veterans.
This information is meant to be a general summary of Narrows Institute For Biomedical Research 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: $139
- Program Service Revenue: $2,872,722
- Gross Receipts: $2,872,861
Assets and Liabilities:
- Total Assets: $2,377,253
- Total Liabilities: $1,468,596
- Net Assets: $908,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH GRANTS - FEDERAL
Revenue
$1,161,601
RESEARCH GRANTS - NON-FEDERAL
Revenue
$742,953
IPA REVENUE
Revenue
$540,030
ASSESSMENT/OVERHEAD
Revenue
$340,038
IRB REVENUE
Revenue
$88,100
Organization Details
Founding Year
1990
Phone
(718) 630-3645Principal Officer
Bethanne Wenzel Ms
Main Address
800 POLY PLACE, BROOKLYN, NY, 11209
Website
www.thenarrowsinstitute.orgNTEE Category
Code: H90 - Medical research
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