Overview
What is Friends Of The Garvan Institute Of Medical Research?
Friends of the Garvan Institute of Medical Research is a nonprofit organization, headquartered in Darien, Connecticut. The primary objective of this organization is to support medical research and the staff at the Garvan Institute of Medical Research. Their mission involves providing financial aid to advance scientific discoveries and contribute to the institute's ongoing projects. By doing so, they aim to contribute to the broader medical community and potentially pave the way for significant medical breakthroughs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62% (Two-Star out of Four Stars)
Friends Of The Garvan Institute Of Medical Research has received a moderate rating of 62% from Charity Navigator, indicating some areas of concern that may affect donor confidence. The organization has a solid financial performance with a program expense ratio of 99.84%, suggesting that nearly all funds are directed towards its mission-related activities. However, the lack of independent board members and missing financial documents on its website are significant red flags regarding governance and transparency.
The organization does maintain several positive governance policies, such as a conflict of interest policy, a whistleblower policy, and a documented retention and destruction policy. These policies may provide some assurance to stakeholders about the integrity of the organization's operations. However, the absence of independent oversight, as evidenced by a board composed entirely of non-independent members, raises questions about accountability in decision-making.
Additionally, the charity faces criticism for not providing its tax form online and failing to document board meeting minutes. These shortcomings in transparency can hinder the trust potential donors and supporters might have in the organization, despite its strong commitment to its programs. Overall, while there are commendable aspects of Friends Of The Garvan Institute, significant improvements in governance and transparency are needed to enhance its rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Garvan Institute Of Medical Research legitimate?
Friends Of The Garvan Institute Of Medical Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Garvan Institute Of Medical Research 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 Friends Of The Garvan Institute Of Medical Research?
Friends of the Garvan Institute of Medical Research's mission is centered around supporting medical research and the staff at the Garvan Institute of Medical Research. The organization fulfills this mission by granting funds to further scientific studies and research initiatives within the institute. By doing so, Friends of the Garvan Institute aims to contribute to advancements in medical knowledge and potentially impact the health and wellbeing of individuals globally. The organization's activities primarily focus on providing financial support to the Garvan Institute, thereby empowering its researchers to pursue groundbreaking discoveries in the field of medical science.
Who is the CEO of Friends Of The Garvan Institute Of Medical Research?
Howard Morgan is the President of Friends Of The Garvan Institute Of Medical Research.
What is the revenue of Friends Of The Garvan Institute Of Medical Research?
Friends Of The Garvan Institute Of Medical Research's revenue in 2022 was $1,529,512.
Who are the executives of Friends Of The Garvan Institute Of Medical Research and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Friends Of The Garvan Institute Of Medical Research?
Friends Of The Garvan Institute Of Medical Research's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Garvan Institute Of Medical Research
Friends of the Garvan Institute of Medical Research is an organization committed to supporting medical research at the Garvan Institute of Medical Research. Their mission is to provide grants for this purpose, thereby contributing to the ongoing research and staff development at the institute. By doing so, they aim to advance the field of medical research and potentially contribute to breakthroughs in healthcare. The organization's support is crucial in funding innovative projects and fostering a conducive environment for medical researchers to pursue their work.
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Impact
October, 2024
Friends Of The Garvan Institute Of Medical Research plays a crucial role in advancing medical research by providing essential funding and support to the Garvan Institute. Through their grants, they facilitate innovative research initiatives and bolster the workforce at the institute, helping to uncover new insights in medical science. Operating from Darien, CT, their mission is centered on enhancing the capabilities of the Garvan Institute, ultimately contributing to significant health advancements and breakthroughs. The organization's commitment directly impacts the development of treatments and therapies, underscoring the importance of collaborative efforts in the medical research community.
This information is meant to be a general summary of Friends Of The Garvan Institute Of Medical Research. 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: $1
- Gross Receipts: $1,529,512
Assets and Liabilities:
- Total Assets: $3,406
- Total Liabilities: $2,500
- Net Assets: $906
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Organization Details
Founding Year
2006
Phone
(212) 588-6480Principal Officer
Howard Morgan
Main Address
C/O HOWARD MORGAN 1 PEACH HILL ROAD, DARIEN, CT, 06820
NTEE Category
Code: H05 - Medical research
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