Overview
What is Hauptman-Woodward Medical Research Institute Inc?
Hauptman-Woodward Medical Research Institute Inc, located in Buffalo, New York, is a nonprofit organization with a mission to unlock the mysteries of various human diseases through rigorous research. Guided by its motto, "CURE-OSITY," this institute employs 34 researchers who conduct fundamental studies, often focusing on identifying proteins linked to diseases. This allows for more targeted treatments and potential cures. One of their current projects involves the use of advanced technologies like hard X-ray free electron lasers (XFELs) to study biological cell structure and its role in diseases. Their work in Endocrine Biochemistry and Molecular Biophysics aims to uncover disease causes and develop effective therapies. The National Science Foundation BioXFEL Science & Technology Center, a collaborative effort, allows them to observe bimolecular machines at work using X-ray lasers, enabling a deeper understanding of life at the molecular level. The institute's research contributions are crucial in providing new tools and training for the wider scientific community.
Official website here: www.hwi.buffalo.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Hauptman-Woodward Medical Research Institute Inc has achieved a perfect score of 100%, signifying exceptional performance in accountability and finance. This high rating is indicative of the organization's strong governance practices, including an independent board comprised of 92% independent members and a robust financial oversight structure. Their financial statements are well-audited, ensuring transparency and integrity in their operations.
The institute demonstrates a solid commitment to ethical practices, as evidenced by the presence of key policies such as conflict of interest, whistleblower protections, and proper document retention and destruction protocols. Furthermore, their program expense ratio of 86.27% indicates that a significant majority of their funds are directed towards their core programs, reflecting an effective allocation of resources to fulfill their mission.
While the data presents a highly favorable view of the Hauptman-Woodward Medical Research Institute, it's important to consider the broader context of their work and impact in the medical research field. Overall, their strong financial health and governance structures position them as a reliable organization dedicated to advancing medical research.
This AI summary has been generated from information found on Charity Navigator.
Is Hauptman-Woodward Medical Research Institute Inc legitimate?
Hauptman-Woodward Medical Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hauptman-Woodward Medical 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: $754,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,212,202
For more financial information, click here
Official website here: www.hwi.buffalo.edu
What is the mission statement of Hauptman-Woodward Medical Research Institute Inc?
The Hauptman-Woodward Medical Research Institute Inc, guided by the motto "CURE-OSITY," is dedicated to uncovering novel strategies and technologies to combat various human diseases. Their researchers delve into fundamental, basic studies, aiming to lay the groundwork for future therapeutic approaches. Often, their work focuses on identifying proteins associated with diseases, enabling more targeted treatments. Current projects encompass breast cancer, prostate cancer, multiple myeloma, and the impact of gravity on cells, among others. Utilizing high-throughput crystallization and hard X-ray free electron lasers (XFELs), they strive to determine biological cell structures for numerous diseases. The Institute's mission is to explore and comprehend the origins of diseases and potential cures through research in Endocrine Biochemistry and Molecular Biophysics.
Official website here: www.hwi.buffalo.edu
Who is the CEO of Hauptman-Woodward Medical Research Institute Inc?
Edward Snell is the Board Member/President & Ceo of Hauptman-Woodward Medical Research Institute Inc. The CEO's salary of Hauptman-Woodward Medical Research Institute Inc is $146,762 and their total compensation is $241,137.
Official website here: www.hwi.buffalo.edu
What is the revenue of Hauptman-Woodward Medical Research Institute Inc?
Hauptman-Woodward Medical Research Institute Inc's revenue in 2022 was $6,895,666.
Official website here: www.hwi.buffalo.edu
Who are the executives of Hauptman-Woodward Medical Research Institute Inc and what are their salaries?
The average compensation at Hauptman-Woodward Medical Research Institute Inc during 2022 was $57,855. There are 34 employees and 23 volunteers at Hauptman-Woodward Medical Research Institute Inc.
Here are 31 key members and their salaries (Hauptman-Woodward Medical Research Institute Inc's CEO's salary is $146,762 and their total compensation is $241,137):
- Compensation: $146,762
- Related: $56,249
- Other: $38,126
- Compensation: $202,776
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- Other: $14,132
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- Compensation: $127,039
- Related: $0
- Other: $23,084
- Compensation: $139,000
- Related: $0
- Other: $8,419
- Compensation: $122,796
- Related: $0
- Other: $21,524
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Official website here: www.hwi.buffalo.edu
Where can I find the form 990 for Hauptman-Woodward Medical Research Institute Inc?
Hauptman-Woodward Medical Research Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hwi.buffalo.edu
Learn more at the official website: www.hwi.buffalo.edu
Mission Statement of Hauptman-Woodward Medical Research Institute Inc
Hauptman-Woodward Medical Research Institute Inc, guided by its motto "CURE-OSITY," is dedicated to conducting fundamental research aimed at promoting the understanding, prevention, and treatment of various human diseases. The institute's mission lies in the field of Endocrine Biochemistry and Molecular Biophysics. They aim to discover the root causes of diseases and develop potential therapies with curative potential. Their research often focuses on identifying proteins involved in disease, enabling treatments to be more effective by targeting these specific proteins. The institute is currently engaged in various projects, including breast cancer, prostate cancer, multiple myeloma, and studying the impact of gravity on cells. Furthermore, they utilize hard X-ray free electron lasers (XFELs) and high-throughput crystallization to determine biological cell structure for nearly all diseases. This research not only provides a foundation for future therapeutic approaches but also contributes to the wider scientific community through the invention, discovery, and development of new tools and training.
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Impact
October, 2024
The Hauptman-Woodward Medical Research Institute Inc has a significant impact on the field of biomedical research by pioneering novel strategies and technologies that advance our understanding of human diseases. Guided by its motto, CURE-OSITY, the institute focuses on uncovering the underlying mechanisms of various health conditions, which enables the development of targeted therapeutic approaches.
By conducting fundamental research, HWI scientists are making strides in identifying proteins associated with diseases like breast cancer, prostate cancer, and multiple myeloma. This protein-targeting strategy aims to enhance the effectiveness of treatments. Moreover, the institute leverages cutting-edge techniques such as hard X-ray free electron lasers (XFELs) and high-throughput crystallization to unlock the biological structure of cells and study how they interact with different diseases.
The National Science Foundation's BioXFEL Science & Technology Center plays a pivotal role in HWI's mission by enabling researchers to observe biomolecular machines in action, contributing to a deeper understanding of life at the molecular level. This research not only furthers our knowledge of disease mechanisms but also equips the wider scientific community with new tools and training essential for ongoing innovation in medical research. Overall, Hauptman-Woodward serves as a crucial hub for advancing therapeutic strategies and improving health outcomes through scientific discovery.
This information is meant to be a general summary of Hauptman-Woodward Medical 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: $54,078
- Program Service Revenue: $2,342,852
- Gross Receipts: $6,895,666
Assets and Liabilities:
- Total Assets: $23,417,551
- Total Liabilities: $6,041,055
- Net Assets: $17,376,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Macromolecular
Revenue
$2,051,453
Fee for Service
Revenue
$291,399
Organization Details
Founding Year
1956
Phone
(716) 898-8600Principal Officer
Edward Snell
Main Address
700 Ellicott Street, Buffalo, NY, 14203
Website
www.hwi.buffalo.eduNTEE Category
Code: H20Z - Medical research
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