Overview
What is Regenmed Development Organization?
The Regenmed Development Organization (REMDO) is a distinguished nonprofit organization situated in Winston-Salem, North Carolina. Its primary mission is to expedite the transition of regenerative medicine technologies from research to clinical practice. To achieve this goal, REMDO conducts research to mitigate risks and secure funding for innovative manufacturing processes in the realm of regenerative medicine products. The organization has assembled a prestigious consortium of leading experts in regenerative medicine research and development, both within academic and commercial sectors, to spearhead advanced biomanufacturing initiatives. REMDO's funding for these projects has been granted by the Medical Technology Enterprise Consortium, a nonprofit entity sustained by the Department of Defense. Its core purpose is to accelerate the development and application of novel therapies for diseases, ultimately translating these therapies into treatments for patients through the field of regenerative medicine.
Official website here: www.remdo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Regenmed Development Organization has received a two-star rating from Charity Navigator, indicating that it has significant areas needing enhancement. With a score of 66%, the organization shows strengths in its financial oversight, including a fully compliant audit and oversight committee, and a strong program expense ratio. However, the lack of independent board members and issues related to its liabilities to assets ratio raise concerns about governance and financial health.
The organization has established several important policies, such as conflict of interest and whistleblower policies, which are commendable. Nevertheless, its performance in transparency metrics is lacking, specifically regarding the posting of tax forms on its website. This lack of transparency could hinder donor trust and engagement, suggesting a need for better communication with stakeholders.
Overall, while Regenmed Development Organization has implemented some strong governance practices, the weaknesses in board independence and financial stability are critical areas that need to be addressed for improved rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Regenmed Development Organization legitimate?
Regenmed Development Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regenmed Development Organization 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: $11,147
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,179
For more financial information, click here
Official website here: www.remdo.org
What is the mission statement of Regenmed Development Organization?
The Regenmed Development Organization's mission is centered around accelerating the discovery and development of new therapies for various diseases. Utilizing the science of regenerative medicine, their goal is to translate these therapies into treatments for patients. They achieve this mission by securing federal and other grant funds, and by collaborating with other organizations in the field of regenerative medicine and product development. The organization's primary focus is to advance regenerative medicine technologies and bring them to the patient bedside.
Official website here: www.remdo.org
What is the revenue of Regenmed Development Organization?
Regenmed Development Organization's revenue in 2023 was $1,168,019.
Official website here: www.remdo.org
Who are the executives of Regenmed Development Organization and what are their salaries?
There 5 volunteers at Regenmed Development Organization.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $1,465,039
- Other: $54,475
- Compensation: $0
- Related: $867,249
- Other: $56,067
- Compensation: $0
- Related: $690,571
- Other: $108,874
- Compensation: $0
- Related: $254,322
- Other: $19,081
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.remdo.org
Where can I find the form 990 for Regenmed Development Organization?
Regenmed Development Organization's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.remdo.org
Learn more at the official website: www.remdo.org
Mission Statement of Regenmed Development Organization
Regenmed Development Organization, a nonprofit organization, is committed to accelerating the discovery and development of novel therapies for various diseases. Their mission lies in translating these discoveries into treatments that can directly benefit patients, all through the science of regenerative medicine. To achieve this mission, Regenmed Development Organization actively pursues federal and other grant funds, collaborating with other organizations in the field of regenerative medicine and product development. The organization's efforts are geared towards fostering the advancement of regenerative medicine technologies and ultimately improving health outcomes for patients.
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Impact
October, 2024
Regenmed Development Organization (REMDO) plays a pivotal role in advancing regenerative medicine technologies, significantly impacting the acceleration of innovative therapies from research to clinical application. By conducting research to de-risk these technologies, REMDO helps streamline the transition of regenerative medicine solutions into practical treatments for patients suffering from various diseases.
The organization has forged a consortium of world-class leaders in both commercial and academic realms, focusing on enhancing advanced biom manufacturing initiatives. This collaborative effort bolsters the production and accessibility of regenerative medicine products. The funding received from the Medical Technology Enterprise Consortium, which operates under the auspices of the Department of Defense, underscores the strategic importance of REMDO's work in supporting the U.S. Army Medical Research and Materiel Command.
REMDO’s mission is not just to explore new therapeutic applications but to ensure that these discoveries translate effectively into viable treatments. Through strategic partnerships and grant acquisition, REMDO is at the forefront of improving patient outcomes by expediting the development of advanced regenerative therapies. This commitment to bridging the gap between innovation and patient care positions REMDO as a critical player in the future of medical research and treatment options.
This information is meant to be a general summary of Regenmed Development Organization. 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.
- Gross Receipts: $1,168,019
Assets and Liabilities:
- Total Assets: $3,206,554
- Total Liabilities: $3,226,722
- Net Assets: -$20,168
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Organization Details
Founding Year
2005
Principal Officer
Anthony Atala Md
Website
www.remdo.orgNTEE Category
Code: H12 - Medical research
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