Overview
What is Albany Research Institute Inc?
Albany Research Institute Inc, situated in Albany, New York, is a nonprofit organization that primarily receives funding from both the U.S. government and private corporations. These grants are then directed towards individual investigators for research in various health areas, specifically focusing on patients with compromised immune systems. The institute's primary mission is to support and facilitate approved biomedical research and development activities at the Samuel S. Stratton VA Medical Center. The organization employs a total of 26 individuals, dedicated to contributing to scientific advancements in healthcare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Albany Research Institute Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in having a fully independent board, demonstrating a commitment to governance that is crucial for transparency and ethical management. The score indicates that the charity is well-managed and prioritizes fiscal responsibility, ensuring that a significant portion of its resources is directed toward its programs.
The financial health of Albany Research Institute is noteworthy, with an impressive program expense ratio of 85.63%, indicating that most of its expenditures directly support its mission. Their accountability measures are robust, including a conflict of interest policy, a whistleblower policy, and comprehensive financial audits, all of which contribute to its high rating. The organization also maintains a low liabilities-to-assets ratio, which suggests sound financial practices and sustainability.
While the data reveals strong performance in several key areas, continued focus on transparency and governance will help reinforce donor confidence and support future growth. Overall, the organization stands out as a reliable choice for potential donors interested in supporting a nonprofit committed to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Albany Research Institute Inc legitimate?
Albany Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany Research Institute 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: $138,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,092,555
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What is the mission statement of Albany Research Institute Inc?
Albany Research Institute Inc's mission is centered around supporting and facilitating approved biomedical research and development activities. This mission is carried out at the Samuel S. Stratton VA Medical Center. Grants received from both the U.S. government and private corporations are allocated to individual investigators, enabling them to conduct research in various health areas, particularly focusing on patients with impaired immune systems. The institute's purpose is to contribute to advancements in medical research and development.
Who is the CEO of Albany Research Institute Inc?
Dr Donald Higgins is the Principal Officer of Albany Research Institute Inc.
What is the revenue of Albany Research Institute Inc?
Albany Research Institute Inc's revenue in 2022 was $2,371,366.
Who are the executives of Albany Research Institute Inc and what are their salaries?
The average compensation at Albany Research Institute Inc during 2022 was $47,358. There are 26 employees at Albany Research Institute Inc.
Here are 8 key members and their salaries:
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- Compensation: $38,260
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Where can I find the form 990 for Albany Research Institute Inc?
Albany Research Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Albany Research Institute Inc
Albany Research Institute, a nonprofit organization, is dedicated to supporting and facilitating approved biomedical research and development activities at the Samuel S. Stratton VA Medical Center. The primary mission of Albany Research Institute is to provide grants from both the U.S. government and private corporations. These grants are then allocated to individual investigators, allowing them to conduct research in various health areas, notably focusing on patients with compromised immune systems. The Institute's role is instrumental in furthering medical knowledge and potentially leading to advancements in healthcare, all while working within the confines of the Samuel S. Stratton VA Medical Center.
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Impact
October, 2024
Albany Research Institute Inc plays a critical role in advancing biomedical research and development at the Samuel S. Stratton VA Medical Center. By securing grants from the U.S. government and private corporations, it allocates funds to individual investigators working on vital health issues. The focus on patients with impaired immune systems is particularly significant, as it addresses a pressing need within the healthcare community. Through its dedicated support of research initiatives, the institute fosters innovation and contributes to the improvement of patient care, ultimately impacting the lives of many individuals facing health challenges.
This information is meant to be a general summary of Albany Research Institute 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: $278
- Gross Receipts: $2,371,366
Assets and Liabilities:
- Total Assets: $972,858
- Total Liabilities: $208,777
- Net Assets: $764,081
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Organization Details
Founding Year
1989
Phone
(518) 626-5618Principal Officer
Dr Donald Higgins
Main Address
113 HOLLAND AVE RM A608, ALBANY, NY, 12208
NTEE Category
Code: U5XZ - Science research
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