Overview
What is Gromo Foundation For Medical Ed - Research Inc?
Gromo Foundation For Medical Ed - Research Inc, situated in Buffalo, New York, is a nonprofit organization dedicated to advancing knowledge and understanding of inflammatory diseases affecting the upper and lower airways, as well as other mucous membranes. Their mission encompasses both public education and professional enlightenment, focusing on notable conditions such as sinusitis and asthma. The organization is deeply committed to conducting research in these areas, contributing significantly to the medical field. Their primary goal is to disseminate information about breakthroughs and diseases, ultimately improving healthcare for those affected.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
The Gromo Foundation For Medical Ed - Research Inc has received a 65% rating from Charity Navigator, indicating a moderate level of accountability and financial transparency. The rating is primarily influenced by its strong performance in various accountability metrics, notably its 100% independent board members and a high program expense ratio of nearly 90%. These factors suggest that the organization is committed to using its resources effectively towards its stated mission.
While the organization demonstrates strengths in governance and program spending, it faces a significant challenge with a liabilities to assets ratio of 108.69%. This indicates that the foundation has more liabilities than assets, which could be a potential concern for sustainability and financial health. However, the presence of a conflict of interest policy and documented board meeting minutes shows an effort to maintain transparency and ethical standards within its operations.
Overall, while the Gromo Foundation shows commendable accountability practices, potential donors and stakeholders should be cautious about its financial liabilities. Interested parties may want to monitor the organization's financial situation closely to ensure it can continue fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Gromo Foundation For Medical Ed - Research Inc legitimate?
Gromo Foundation For Medical Ed - Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gromo Foundation For Medical Ed - Research 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: $0
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What is the mission statement of Gromo Foundation For Medical Ed - Research Inc?
The Gromo Foundation for Medical Ed - Research Inc is committed to enlightening both the public and the professional community about advancements and diseases, particularly focusing on conditions like sinusitis and asthma. In addition to spreading awareness, the organization actively conducts research in this field. Their mission is to contribute to the understanding and potential treatments of inflammatory diseases that affect the upper and lower airways and other mucous membranes.
Who is the CEO of Gromo Foundation For Medical Ed - Research Inc?
Jens Ponikau is the Director of Gromo Foundation For Medical Ed - Research Inc.
What is the revenue of Gromo Foundation For Medical Ed - Research Inc?
Gromo Foundation For Medical Ed - Research Inc's revenue in 2022 was $31,684.
Who are the executives of Gromo Foundation For Medical Ed - Research Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Gromo Foundation For Medical Ed - Research Inc?
Gromo Foundation For Medical Ed - Research Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gromo Foundation For Medical Ed - Research Inc
Gromo Foundation for Medical Ed - Research Inc is dedicated to enlightening both the public and the professional community about advancements and conditions such as sinusitis and asthma. Beyond just disseminating information, the organization is actively engaged in conducting research in these areas, focusing on inflammatory diseases of the upper and lower airways, as well as other mucous membranes. By combining education and research, Gromo Foundation for Medical Ed - Research Inc aims to contribute significantly to the understanding and potential treatments of these diseases.
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Impact
August, 2024
The Gromo Foundation For Medical Ed - Research Inc is making a significant impact in the field of medical research and education. Focused on inflammatory diseases of the upper and lower airways and other mucous membranes, this organization educates the public and professionals about advances and diseases such as sinusitis and asthma. Through its active research efforts, it is contributing valuable insights and knowledge to improve understanding and treatment of these conditions. Based in Buffalo, NY, the foundation's mission to educate and conduct research in this crucial area is crucial for advancing medical knowledge and ultimately improving patient care.
This information is meant to be a general summary of Gromo Foundation For Medical Ed - Research 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.
- Gross Receipts: $53,981
Assets and Liabilities:
- Total Assets: $577,009
- Total Liabilities: $627,200
- Net Assets: -$50,191
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Organization Details
Founding Year
2006
Phone
(507) 319-7956Principal Officer
Jens Ponikau
Main Address
1237 DELAWARE AVE, BUFFALO, NY, 14209
NTEE Category
Code: H60 - Medical research
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