Overview
What is Project Als Inc?
Project Als Inc, located at 2585 BROADWAY STE 202, New York, NY 10032, is a dedicated nonprofit organization focusing on scientific medical research. Their primary mission is to find effective treatments and, ultimately, a cure for Amyotrophic Lateral Sclerosis (ALS), a motor neuron disease that is often fatal. They achieve this goal by fostering collaboration and information sharing among researchers working on related diseases like Parkinson's and Multiple Sclerosis. A significant aspect of their work involves the development of Prosetin, which is being prepared for submission to the FDA for clinical drug trial approval. Project Als Inc employs a team of 8 individuals, all of whom are committed to advancing our understanding and treatment of ALS, also known as Lou Gehrig's Disease.
Official website here: www.projectals.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75%, Three-Star out of Four Star rating.
Project ALS Inc demonstrates a solid level of accountability and financial transparency, achieving a 75% score primarily due to its strong performance in the Accountability & Finance beacon. The organization boasts a fully independent board, with 89% of its members being independent, ensuring effective governance. Additionally, there are no reported material diversions of assets, and the charity adheres to best practices with comprehensive policies related to conflict of interest, whistleblower protections, and document retention.
The financial metrics are also impressive, as evidenced by an 88.36% program expense ratio, indicating that a significant portion of its budget is directed toward its mission-related activities. Their fundraising efficiency is notably high, requiring only $0.05 to raise a dollar, which reflects effective resource management. Despite these strengths, the overall score of 75% suggests there may still be areas for improvement, but the current data portrays Project ALS Inc as a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Project Als Inc legitimate?
Project Als Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Als 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: $464,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,408
For more financial information, click here
Official website here: www.projectals.org
What is the mission statement of Project Als Inc?
Project Als Inc's mission is centered around combating Amyotrophic Lateral Sclerosis (ALS), also known as Lou Gehrig's disease. Their primary objective is to recruit renowned researchers and clinicians worldwide, encouraging collaboration to gain a profound understanding of ALS and develop the first effective treatments for this debilitating motor neuron disease. The organization funds scientific medical research, promoting information sharing among researchers for related diseases such as Parkinson's and Multiple Sclerosis. They are also working on Prosetin for potential approval by the FDA for clinical drug trials.
Official website here: www.projectals.org
What is the revenue of Project Als Inc?
Project Als Inc's revenue in 2023 was $3,776,913.
Official website here: www.projectals.org
Who are the executives of Project Als Inc and what are their salaries?
The average compensation at Project Als Inc during 2023 was $117,014. There are 7 employees and 10 volunteers at Project Als Inc.
Here are 29 key members and their salaries:
- Compensation: $194,350
- Related: $0
- Other: $11,070
- Compensation: $194,350
- Related: $0
- Other: $26,362
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.projectals.org
Where can I find the form 990 for Project Als Inc?
Project Als Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.projectals.org
Learn more at the official website: www.projectals.org
Mission Statement of Project Als Inc
Project Als Inc, a renowned organization, is dedicated to advancing our understanding and seeking effective treatments for Amyotrophic Lateral Sclerosis (ALS), often referred to as Lou Gehrig's disease. Their mission is to assemble the world's leading research scientists and clinicians, encouraging collaboration and information sharing among them. This collective effort aims to unravel the mysteries of ALS, a fatal motor neuron disease, and other related conditions such as Parkinson's and Multiple Sclerosis.
In pursuit of this goal, Project Als Inc provides funding for medical research. By promoting collaboration and information exchange among researchers, the organization strives to accelerate the discovery of treatments and, ultimately, a cure for ALS. One of their significant projects involves the development of Prosetin, which is currently undergoing the necessary procedures for submission to the Food and Drug Administration (FDA) for approval of clinical drug trials. This initiative highlights Project Als Inc's commitment to tackling ALS head-on, leveraging scientific research to bring hope and potential solutions to those affected by this debilitating disease.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Project ALS Inc is making significant strides in the fight against amyotrophic lateral sclerosis (ALS) by funding crucial scientific research focused on understanding and treating this devastating motor neuron disease. By facilitating collaboration among researchers and clinicians, Project ALS enhances the exchange of knowledge essential for breakthroughs in treatment.
The organization plays a pivotal role in the development and submission of promising therapies, such as Prosetin, for FDA approval, advancing the quest for effective clinical drug trials. Their proactive approach not only targets ALS but also addresses related neurodegenerative diseases like Parkinson's and multiple sclerosis, broadening the impact of their efforts.
Through the recruitment of top-tier scientists and clinicians, Project ALS Inc is dedicated to fostering innovation and accelerating progress toward viable treatments and, ultimately, a cure for ALS, offering hope to patients and families affected by this life-altering condition.
This information is meant to be a general summary of Project Als 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 2023.
- Investment Income: $829
- Gross Receipts: $4,349,693
Assets and Liabilities:
- Total Assets: $1,177,668
- Total Liabilities: $1,595,143
- Net Assets: -$417,475
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Principal Officer
Meredith Estess Hulbert
Website
www.projectals.orgNTEE Category
Code: G50 - Disease
If you are a representative of Project Als Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.