Overview
What is Oregon Translational Research And Development Institute?
The Oregon Translational Research and Development Institute (OTRADI) is a nonprofit research and development organization, partially funded by the state of Oregon, with a mission to foster growth in Oregon's bioscience sector. They accomplish this by collaborating with both public and private sector entities within the bioscience community. OTRADI's work involves discovering, developing, and commercializing therapeutics, vaccines, diagnostics, and other life sciences products that are vital for human health. Additionally, they provide the necessary expertise and equipment to support this development process, as well as offering mentoring and internship opportunities for students and other affiliates. With a team of seven individuals, OTRADI plays a significant role in promoting job creation and innovation in Oregon's bioscience industry.
Official website here: www.otradi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 71% (Two-Star out of Four Star rating)
The Oregon Translational Research And Development Institute has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain accountability and finance practices. While the organization scored well in areas such as board independence and the presence of an audit committee, it has significant shortcomings regarding policies related to whistleblowers, document retention, and the accessibility of financial documents on its website.
Strengths include a high level of independent board members and a robust program expense ratio, suggesting that a substantial portion of its funds is allocated to its mission-driven activities. These factors contribute positively to the organization's overall transparency and governance. However, the high liabilities-to-assets ratio raises concerns about its financial health and stability.
In summary, while the Oregon Translational Research And Development Institute demonstrates a commitment to good governance through its independent board and oversight practices, critical areas for policy improvement and financial management require attention to enhance its overall effectiveness and trustworthiness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Oregon Translational Research And Development Institute legitimate?
Oregon Translational Research And Development Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Translational Research And Development Institute 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: $159,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,374
For more financial information, click here
Official website here: www.otradi.org
What is the mission statement of Oregon Translational Research And Development Institute?
The Oregon Translational Research and Development Institute (OTRADI) is a non-profit research and development organization, partially funded by the state of Oregon. Its mission is to foster the expansion of the bioscience industry and create job opportunities in Oregon. OTRADI achieves this objective by collaborating with both private and public sector entities within the bioscience community. Their efforts focus on discovering, developing, and commercializing therapeutics, vaccines, diagnostics, and other life sciences products that are essential for human health. By doing so, OTRADI contributes significantly to the advancement of healthcare solutions.
Official website here: www.otradi.org
Who is the CEO of Oregon Translational Research And Development Institute?
Heather Ellis is the Executive Director of Oregon Translational Research And Development Institute.
Official website here: www.otradi.org
What is the revenue of Oregon Translational Research And Development Institute?
Oregon Translational Research And Development Institute's revenue in 2022 was $2,222,628.
Official website here: www.otradi.org
Who are the executives of Oregon Translational Research And Development Institute and what are their salaries?
The average compensation at Oregon Translational Research And Development Institute during 2022 was $73,740. There are 7 employees at Oregon Translational Research And Development Institute.
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- Compensation: $159,804
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Official website here: www.otradi.org
Where can I find the form 990 for Oregon Translational Research And Development Institute?
Oregon Translational Research And Development Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.otradi.org
Learn more at the official website: www.otradi.org
Mission Statement of Oregon Translational Research And Development Institute
Oregon Translational Research and Development Institute (OTRADI) is a non-profit research and development organization, partially funded by the state of Oregon. Its mission is to drive the growth and creation of jobs in Oregon's bioscience industry. OTRADI achieves this goal by collaborating with both private and public sector entities within the bioscience community. Through this collaboration, OTRADI works on discovering, developing, and commercializing therapeutics, vaccines, diagnostics, and other life sciences products that are crucial for human health. By fostering collaborative partnerships and leveraging its resources, OTRADI plays a significant role in promoting bioscience industry development and contributing to advancements in human health.
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Impact
October, 2024
Oregon Translational Research And Development Institute (OTRADI) directly fosters bioscience industry growth and job creation in Oregon. By collaborating with private and public sector partners, OTRADI plays a critical role in the discovery, development, and commercialization of therapeutics, vaccines, diagnostics, and other vital life sciences products that enhance human health.
OTRADI provides essential expertise and state-of-the-art equipment necessary for advancing the development of innovative health solutions, especially those addressing infectious diseases. Through its partnerships, the institute not only contributes to significant scientific advancements but also stimulates economic development within the bioscience sector.
Additionally, OTRADI emphasizes education and workforce development by offering mentoring and internship opportunities to students and postgraduates. This approach ensures the cultivation of a skilled workforce equipped to advance the bioscience field, thus further amplifying the institute’s impact on the local economy and health outcomes. Overall, OTRADI serves as a pivotal entity in promoting Oregon's role in the national and global bioscience landscape.
This information is meant to be a general summary of Oregon Translational Research And Development Institute. 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: $824
- Program Service Revenue: $627,162
- Gross Receipts: $2,222,628
Assets and Liabilities:
- Total Assets: $16,344,117
- Total Liabilities: $12,378,846
- Net Assets: $3,965,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OBI RENTAL INCOME
Revenue
$614,607
OBI REIMBURSED EXPENSE
Revenue
$12,555
Organization Details
Founding Year
2007
Phone
(503) 227-1814Principal Officer
Heather Ellis
Main Address
4640 SW MACADAM AVE SUITE 240, PORTLAND, OR, 97239
Website
www.otradi.orgNTEE Category
Code: B19 - Education
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