Overview
What is American Federation For Aging Research Inc?
The American Federation for Aging Research Inc, based in New York City, is a nonprofit organization dedicated to advancing scientific research on aging. They invest in promising scientists and research centers, awarding $12.3 million to 83 recipients in 2022. Their mission is to improve the quality of life for older adults and alleviate suffering through biomedical research. By fostering opportunities for collaboration and knowledge exchange, AFAR encourages innovative thinking and significant breakthroughs in preventing and treating age-related diseases. Additionally, they address the shortage of healthcare professionals trained to care for an aging population by partnering with various organizations to offer unique grant opportunities. In summary, AFAR is a pioneering nonprofit committed to supporting the science of healthier aging and accelerating discoveries for a better tomorrow.
Official website here: www.afar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The American Federation For Aging Research Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a 100% score in Accountability & Finance. This high rating indicates strong financial health and adherence to best practices, showcasing the organization’s commitment to transparency and responsible management of resources.
One of the standout features of this organization is its governance structure, which includes a wholly independent board composed of 35 members. The charity has effectively implemented comprehensive policies, including conflict of interest and whistleblower policies, and has a rigorous audit and oversight committee to ensure financial integrity. Additionally, the organization has demonstrated exemplary program expenditure, with over 90% of its funds directed towards its mission-related activities.
In terms of financial ratios, the organization shows strong performance with a low liabilities-to-assets ratio and remarkable fundraising efficiency, indicating effective use of donations. However, while the current data reflects a solid operational foundation, ongoing transparency and adherence to these standards will be essential to maintain this positive assessment moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is American Federation For Aging Research Inc legitimate?
American Federation For Aging Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Federation For Aging 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: $723,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,155
For more financial information, click here
Official website here: www.afar.org
What is the mission statement of American Federation For Aging Research Inc?
The American Federation for Aging Research (AFAR) is dedicated to enhancing the quality of life for individuals as they age by supporting biomedical research on aging. The organization focuses on funding early-career scientists whose research explores the biology of aging and the causes of age-related diseases. AFAR identifies and funds a broad range of cutting-edge research most likely to expand the body of knowledge on the biology of aging and lead to significant medical breakthroughs in preventing and treating diseases and increasing healthy lifespans. Furthermore, AFAR addresses the critical shortage of physicians adequately trained to care for an aging society by collaborating with various foundations, corporations, and individuals to offer unique grant opportunities.
Official website here: www.afar.org
Who is the CEO of American Federation For Aging Research Inc?
Stephanie Lederman is the Executive Director of American Federation For Aging Research Inc.
Official website here: www.afar.org
What is the revenue of American Federation For Aging Research Inc?
American Federation For Aging Research Inc's revenue in 2022 was $15,127,134.
Official website here: www.afar.org
Who are the executives of American Federation For Aging Research Inc and what are their salaries?
The average compensation at American Federation For Aging Research Inc during 2022 was $170,784. There are 11 employees and 325 volunteers at American Federation For Aging Research Inc.
Here are 43 key members and their salaries:
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Official website here: www.afar.org
Where can I find the form 990 for American Federation For Aging Research Inc?
American Federation For Aging Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afar.org
Learn more at the official website: www.afar.org
Mission Statement of American Federation For Aging Research Inc
The American Federation for Aging Research (AFAR) is a leading non-profit organization dedicated to enhancing the quality of life for older adults through biomedical research on aging. The mission of AFAR is to support emerging scientists and their research exploring the biology of aging and the causes of age-related diseases. By identifying and funding a diverse range of cutting-edge research, AFAR increases the body of knowledge on the biology of aging and drives significant medical breakthroughs in preventing and treating diseases associated with aging.
In addition to funding research, AFAR addresses the critical shortage of physicians trained to care for an aging society. The organization collaborates with foundations, corporations, and individuals to offer unique grant opportunities, helping to build a workforce capable of addressing the complex health needs of older adults. With a commitment to advancing the science of healthier aging and alleviating suffering, AFAR is at the forefront of efforts to extend healthy lifespans and improve the lives of older adults.
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Impact
October, 2024
The American Federation For Aging Research Inc. significantly enhances the quality of life and alleviates suffering by promoting biomedical research focused on aging. With a commitment to supporting scientists and clinicians, AFAR allocates substantial funding, as evidenced by the over $12 million awarded in 2022 to 83 researchers and research centers. This funding is crucial for advancing our understanding of the biological processes of aging and the diseases that accompany it.
AFAR creates valuable opportunities for knowledge exchange among researchers through conferences and collaborative initiatives, fostering innovative thinking that is essential for scientific advancements. By focusing on early-career scientists, AFAR ensures that fresh ideas and new approaches are nurtured in the field of aging research. Their support addresses the critical shortage of physicianstrained to care for an aging population, ultimately contributing to significant breakthroughs in medical science that can enhance longevity and quality of life. Through these efforts, AFAR plays a pivotal role in shaping the future of healthcare for older adults.
This information is meant to be a general summary of American Federation For Aging 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: $412,743
- Gross Receipts: $18,338,810
Assets and Liabilities:
- Total Assets: $33,818,934
- Total Liabilities: $10,668,833
- Net Assets: $23,150,101
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Organization Details
Founding Year
1980
Phone
(212) 703-9977Principal Officer
Stephanie Lederman
Main Address
55 WEST 39TH STREET 16TH FLOOR, NEW YORK, NY, 10018
Website
www.afar.orgNTEE Category
Code: V360 - Social research
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