Overview
What is Hope For Children Research Found?
Hope for Children Research Found is a small, yet impactful nonprofit organization situated in Ramsey, New Jersey. With a single employee, this foundation is dedicated to supporting continued research in pediatric neurological diseases at Columbia Presbyterian Hospital. The organization provides annual funding ranging from $50,000 to $300,000, depending on the revenue generated and budget requests submitted by the research laboratory. Moreover, it offers an additional $10,000 to cover an annual lecture series that welcomes renowned speakers and guests in the field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating.
Hope For Children Research Found has received a low rating primarily due to its accountability and financial management scores. While the organization has a strong board composition, with 83% independent members and no identified material diversion of assets, it lacks key policies such as a whistleblower policy and a document retention and destruction policy. These omissions impact its overall accountability score significantly.
The organization's program expense ratio is also concerning, as only 26.51% of its expenses are directed towards its programs, raising questions about its operational efficiency. Additionally, the liabilities to assets ratio of 43.90% suggests potential financial instability, which could affect its ability to fulfill its mission effectively.
Overall, while Hope For Children Research Found demonstrates some strengths in governance, the lack of essential policies and low program spending raises red flags. Prospective donors should consider these factors carefully when evaluating the charity's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hope For Children Research Found legitimate?
Hope For Children Research Found is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope For Children Research Found 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: $80,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hope For Children Research Found?
Hope For Children Research Foundation's mission is centered around providing financial support for ongoing research in pediatric neurological diseases. This is carried out at the Columbia Presbyterian Hospital. The foundation's primary goal is to contribute annual funding, ranging from $50,000 to $300,000, based on revenue raised and budget requests made by the laboratory. Additionally, the foundation may provide an additional $10,000 to cover an annual lecture series, which attracts notable speakers and guests. In summary, Hope For Children Research Foundation plays a significant role in advancing research in pediatric neurological diseases through its funding contributions.
Who is the CEO of Hope For Children Research Found?
Margaret Minassian is the Director of Hope For Children Research Found.
What is the revenue of Hope For Children Research Found?
Hope For Children Research Found's revenue in 2022 was $83,421.
Who are the executives of Hope For Children Research Found and what are their salaries?
The average compensation at Hope For Children Research Found during 2022 was $80,440. There is 1 employee at Hope For Children Research Found.
There is 1 key member and their salary:
- Compensation: $80,440
- Related: $0
- Other: $5,000
Where can I find the form 990 for Hope For Children Research Found?
Hope For Children Research Found's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope For Children Research Found
Hope For Children Research Foundation is committed to supporting ongoing research in pediatric neurological diseases at Columbia Presbyterian Hospital. This nonprofit organization provides annual funding ranging from $50,000 to $300,000, dependent on the revenue raised and budget requests made by the laboratory. Furthermore, the foundation may contribute an additional $10,000 to cover an annual lecture series. This series invites renowned speakers and guests, contributing to the advancement of knowledge in the field. The foundation's mission is instrumental in driving continued research and potential breakthroughs in pediatric neurological diseases.
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Impact
October, 2024
Hope For Children Research Found significantly impacts the field of pediatric neurological diseases through its dedicated funding for research at Columbia Presbyterian Hospital. By providing annual financial support ranging from $50,000 to $300,000, the organization enables laboratories to advance their research initiatives based on specific budget requests and revenue generation. This financial backing not only facilitates groundbreaking studies but also attracts skilled professionals and researchers in the field.
Additionally, the foundation promotes education and collaboration by sponsoring an annual lecture series, offering up to $10,000 for esteemed speakers and experts in pediatric neurology. This series fosters dialogue, innovation, and knowledge-sharing, enhancing the research community's understanding of neurological diseases affecting children. Through these efforts, Hope For Children Research Found plays a crucial role in driving progress and improving outcomes in pediatric healthcare.
This information is meant to be a general summary of Hope For Children Research Found. 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: $257
- Gross Receipts: $182,371
Assets and Liabilities:
- Total Assets: $78,126
- Total Liabilities: $34,300
- Net Assets: $43,826
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Organization Details
Founding Year
1985
Phone
(201) 962-8686Principal Officer
Margaret Minassian
Main Address
700D LAKE STREET, RAMSEY, NJ, 07446
NTEE Category
Code: G50 - Disease
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