Overview
What is Cbset Inc?
Cbset Inc, based in Lexington, Massachusetts, is a research-focused nonprofit organization. Their primary mission encompasses the advancement of science and education in the realm of novel diagnostic, therapeutic, surgical medical devices, and imaging technologies. These developments aim to facilitate early disease diagnosis and the creation of innovative treatments for complex conditions. The organization specializes in minimally invasive techniques in various fields, including cardiology, endoscopy, surgery, drug and device delivery, drug and device safety, and diagnostic imaging. Cbset Inc's commitment extends beyond research, as they also work to improve regulatory insight and research methods.
Official website here: www.cbset.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star Rating
Cbset Inc has received an overall rating of 80% from Charity Navigator, reflecting a commendable Three-Star designation. This score is based solely on their Accountability & Finance metrics, which suggest a solid commitment to transparency and responsible financial management. The charity demonstrated strong governance practices, including a board composed of 75% independent members and compliance with various policy standards.
The organization excels in several key areas, such as having no material diversion of assets and a robust program expense ratio of 80.81%. Their well-defined conflict of interest, whistleblower, and document retention policies contribute positively to their accountability framework. Additionally, the charity maintains appropriate financial ratios, indicating a balanced approach to liabilities and assets.
However, while the accountability metrics are strong, the overall rating reflects the limitation of being based exclusively on financial data, with no additional beacon scores for areas like impact or results provided. This suggests that while Cbset Inc is financially sound, potential donors may want to consider other factors when evaluating the charity's effectiveness and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cbset Inc legitimate?
Cbset Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cbset 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,389,101
For more financial information, click here
Official website here: www.cbset.org
What is the mission statement of Cbset Inc?
Cbset Inc is committed to driving research, education, and advancement in the field of early stage technologies. Their mission is to assist their sponsors in creating distinctive tools and innovative methods, focusing on early diagnosis and effective treatments for intricate diseases. Cbset Inc excels in the development and implementation of novel minimally invasive techniques, primarily in the areas of cardiology, endoscopy, surgery, drug and device delivery, diagnostic imaging, drug safety, and device safety.
Official website here: www.cbset.org
Who is the CEO of Cbset Inc?
Peter Markham is the Director of Cbset Inc.
Official website here: www.cbset.org
What is the revenue of Cbset Inc?
Cbset Inc's revenue in 2022 was $25,153,452.
Official website here: www.cbset.org
Who are the executives of Cbset Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $648,600
- Related: $0
- Other: $25,480
- Compensation: $286,112
- Related: $0
- Other: $15,744
- Compensation: $264,907
- Related: $0
- Other: $26,910
- Compensation: $247,894
- Related: $0
- Other: $27,829
- Compensation: $250,389
- Related: $0
- Other: $25,152
Official website here: www.cbset.org
Where can I find the form 990 for Cbset Inc?
Cbset Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbset.org
Learn more at the official website: www.cbset.org
Mission Statement of Cbset Inc
Cbset Inc, a dedicated organization, is committed to driving research, education, and advancement in the realm of early-stage technologies. With a mission to help their sponsors, Cbset Inc focuses on developing distinctive tools and innovative methods for promoting early diagnosis and discovering groundbreaking treatments for intricate diseases. The organization boasts expertise in various fields, including cardiology, endoscopy, surgery, drug and device delivery, drug and device safety, and diagnostic imaging.
Cbset Inc's unwavering dedication to innovation is evident in the novel minimally invasive techniques it specializes in. These techniques have the potential to revolutionize industries such as cardiology, endoscopy, and surgery, providing new solutions to complex medical challenges. Through their work, Cbset Inc not only strives to push the boundaries of science but also aims to improve healthcare outcomes and enhance the quality of life for patients.
In the fields of cardiology, for instance, Cbset Inc's research and development efforts may lead to the creation of advanced diagnostic tools or minimally invasive surgical procedures. In endoscopy, the organization's innovative techniques could pave the way for less invasive and more efficient diagnostic procedures. And in surgery, Cbset Inc's work may result in the development of less invasive surgical methods, reducing the risk of complications and recovery time for patients.
Overall, Cbset Inc's mission is to support and accelerate the development of unique solutions for complex diseases, with a focus on early diagnosis and novel treatments. Their specialized knowledge and expertise in various fields make them an invaluable partner for organizations and institutions seeking to make a difference in the realm of healthcare.
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Impact
October, 2024
Cbset Inc significantly impacts the medical field by advancing research and development in early-stage technologies related to diagnostics and treatments. Their focus on innovative medical devices, imaging technologies, and minimally invasive techniques plays a crucial role in improving patient care and outcomes.
By specializing in novel methods for early diagnosis and treatment of complex diseases, Cbset Inc helps to enhance regulatory insights and research methodologies. This commitment to science and education fosters the development of unique tools that not only address existing medical challenges but also pave the way for breakthroughs in various healthcare domains, including cardiology, endoscopy, and surgical procedures.
Ultimately, Cbset Inc's efforts contribute to better diagnosis and treatment strategies, which have the potential to transform patient experiences and enhance the effectiveness of healthcare systems. Their work ensures that emerging technologies are aligned with the needs of modern medicine, driving improvements in health outcomes and overall public well-being.
This information is meant to be a general summary of Cbset 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: $69,403
- Program Service Revenue: $25,084,049
- Gross Receipts: $25,153,452
Assets and Liabilities:
- Total Assets: $23,766,998
- Total Liabilities: $12,122,718
- Net Assets: $11,644,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDY INCOME - GENERAL
Revenue
$23,172,793
STUDY INCOME - HEARING
Revenue
$1,616,913
SUPPLIES INCOME
Revenue
$162,260
REVENUE - GRAFTON
Revenue
$82,083
CONSULTING INCOME
Revenue
$50,000
Organization Details
Founding Year
2006
Phone
(781) 541-5555Principal Officer
Peter Markham
Main Address
500 SHIRE WAY, LEXINGTON, MA, 02421
Website
www.cbset.orgNTEE Category
Code: E05 - Health
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