Overview
What is Salisbury Foundation For Research And Education Inc?
Salisbury Foundation for Research and Education Inc., based in Salisbury, North Carolina, is a dedicated nonprofit organization with a focus on medical research. Their primary mission is to investigate various health issues that affect military veterans, with the ultimate goal of discovering a cure or improving their quality of life. The foundation is committed to expanding its research program to better serve an extensive range of military veterans. With approximately 20 employees, they strive to contribute significantly to the well-being of those who have served their country.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The Salisbury Foundation For Research And Education Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong level of accountability and transparency within the organization. With an impressive score of 94% overall, the foundation demonstrates effective financial management and adherence to ethical standards, which is essential for fostering public trust and donor confidence.
One of the foundation's notable strengths is its governance structure, featuring 100% independent board members. This independence fosters unbiased decision-making, crucial for maintaining the integrity of the organization. Furthermore, the foundation excels in its financial oversight, reflected in its perfect scores for audit and oversight committee practices, as well as for its conflict of interest and whistleblower policies.
Despite its high ratings, it is essential for potential donors to consider the implications of the financial metrics. The foundation has a remarkably low liabilities to assets ratio of 0.03% and allocates a significant portion of its budget (97.19%) to program expenses, indicating a strong commitment to its mission. Overall, the Salisbury Foundation For Research And Education Inc appears to be a well-managed nonprofit dedicated to its goals and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Salisbury Foundation For Research And Education Inc legitimate?
Salisbury Foundation For Research And Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salisbury Foundation For Research And Education 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: $53,502
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What is the mission statement of Salisbury Foundation For Research And Education Inc?
The Salisbury Foundation for Research and Education Inc is dedicated to expanding its research program with the objective of improving the lives of all military veterans. This commitment to research is aimed at investigating various medical ailments that affect military veterans, with the ultimate goal of either discovering a cure or enhancing their quality of life. The foundation's mission is centered around advancing medical knowledge in this area, thereby contributing to the well-being of the veteran community.
Who is the CEO of Salisbury Foundation For Research And Education Inc?
Lawrence Sama is the President of Salisbury Foundation For Research And Education Inc.
What is the revenue of Salisbury Foundation For Research And Education Inc?
Salisbury Foundation For Research And Education Inc's revenue in 2023 was $553,341.
Who are the executives of Salisbury Foundation For Research And Education Inc and what are their salaries?
The average compensation at Salisbury Foundation For Research And Education Inc during 2023 was $2,675. There are 20 employees at Salisbury Foundation For Research And Education Inc.
Here are 6 key members and their salaries:
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- Compensation: $34,935
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Where can I find the form 990 for Salisbury Foundation For Research And Education Inc?
Salisbury Foundation For Research And Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Salisbury Foundation For Research And Education Inc
The Salisbury Foundation for Research and Education Inc is dedicated to advancing its research program with the primary goal of improving the lives of all military veterans. Their commitment lies in exploring various medical ailments that affect these veterans, with the hope of discovering cures or at least enhancing their quality of life. This nonprofit organization is driven by the mission to grow its research program, aiming to serve military veterans more effectively.
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Impact
July, 2024
The Salisbury Foundation for Research and Education Inc is making a significant impact by focusing on providing research into various medical afflictions suffered by military veterans. Their commitment to growing the research program aims to not only discover potential cures but also to enhance the quality of life for these veterans. By dedicating resources and efforts to medical research in this specific area, the foundation is actively working towards improving the well-being of military veterans.
This information is meant to be a general summary of Salisbury Foundation For Research And Education 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 2023.
- Investment Income: $31,339
- Program Service Revenue: $394,002
- Gross Receipts: $553,341
Assets and Liabilities:
- Total Assets: $2,393,698
- Total Liabilities: $821
- Net Assets: $2,392,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL STUDIES
Revenue
$394,002
Organization Details
Founding Year
2006
Phone
(704) 638-9000Principal Officer
Lawrence Sama
Main Address
1601 BRENNER AVE, SALISBURY, NC, 281442515
NTEE Category
Code: H99 - Medical research
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