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Network For Open Scientific Innovation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205912017 ✦ Carlsbad, CA ✦ Designated as a 501(c)(3)

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Overview

What is Network For Open Scientific Innovation?

The Network For Open Scientific Innovation, situated in Carlsbad, California, operates as a nonprofit organization. Their primary focus is on exploring, fostering, and championing the open-source model within the field of biotechnology. With a team of only one dedicated individual, their mission is to educate the public about biotechnology and related topics by conducting scientific research. Their work aims to advance the understanding and application of biotechnology, contributing to its broader societal impact.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 50% (One-Star out of Four Stars)

The Network For Open Scientific Innovation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The rating is based entirely on the charity's performance in the Accountability & Finance category, where it scored poorly in several key areas, including the absence of financial statements and missing policy documents.

Despite having a fully independent board, with all eight members being independent, the organization struggles with transparency. The lack of posted financial documentation on its website, as well as missing conflict of interest and whistleblower policies, raises questions about its governance and operational practices. The charity does, however, demonstrate good financial health in terms of its liabilities to assets ratio.

Overall, while the organization shows promise through independent board membership and a relatively healthy balance sheet, the severe limitations in financial transparency and governance practices are concerning. Potential donors and stakeholders may want to consider these factors when evaluating their support.


This AI summary has been generated from information found on Charity Navigator.

Is Network For Open Scientific Innovation legitimate?

Network For Open Scientific Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Network For Open Scientific Innovation 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: $101,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Network For Open Scientific Innovation?

The Network for Open Scientific Innovation is committed to advancing and enlightening the public on biotechnology and related topics through scientific research. Their mission is to promote the open source model in the field of biotechnology, fostering both study and development in this area. By engaging in this endeavor, they aim to educate the public and contribute to the broader understanding of these subjects.

Who is the CEO of Network For Open Scientific Innovation?

Joseph P Jackson Iii is the Chief Executive Officer of Network For Open Scientific Innovation. The CEO's salary of Network For Open Scientific Innovation is $101,717 and their total compensation is $101,717.

What is the revenue of Network For Open Scientific Innovation?

Network For Open Scientific Innovation's revenue in 2022 was $630,170.

Who are the executives of Network For Open Scientific Innovation and what are their salaries?

The average compensation at Network For Open Scientific Innovation during 2022 was $101,717. There is 1 employee at Network For Open Scientific Innovation.


Here are 2 key members and their salaries (Network For Open Scientific Innovation's CEO's salary is $101,717 and their total compensation is $101,717):


Joseph P Jackson Iii (Chief Executive Officer)
  • Compensation: $101,717
  • Related: $0
  • Other: $0
Michael Yamashita (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Network For Open Scientific Innovation?

Network For Open Scientific Innovation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Network For Open Scientific Innovation

The Network for Open Scientific Innovation, as a nonprofit organization, is dedicated to the advancement and education of the public on biotechnology and various related subjects. They achieve this mission through the conduction of scientific research. The primary focus of their activities is to promote the open-source model in the context of biotechnology. By studying and developing this open-source approach, the Network for Open Scientific Innovation aims to contribute to the broader scientific community and make scientific knowledge more accessible to the general public. This mission is essential in fostering a better understanding of biotechnology and its potential applications, ultimately benefiting society as a whole.

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Impact




July, 2024

Network For Open Scientific Innovation has made a significant impact by advancing and educating the public on biotechnology and related matters through scientific research. Their focus on studying, developing, and promoting the open source model in the context of biotechnology has contributed to greater accessibility and collaboration in this crucial field. Through their efforts, they have enhanced transparency, knowledge sharing, and innovation, ultimately benefiting both the scientific community and society at large.




This information is meant to be a general summary of Network For Open Scientific Innovation. 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.

Revenue
$630,170 (2022)
Expenses
$694,563 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $630,170
  • Gross Receipts: $630,170

Assets and Liabilities:

  • Total Assets: $86,346
  • Total Liabilities: $3,125
  • Net Assets: $83,221

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LABORATORY RESEARCH SE

Revenue

$630,170

Organization Details

Founding Year

2006

Principal Officer

Joseph P Jackson Iii

Main Address

6076 CORTE DEL CEDRO, CARLSBAD, CA, 92011

NTEE Category

Code: U41 - Science research

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