Overview
What is The Nobel Foundation?
The Nobel Foundation, established in 1900, is a nonprofit organization based in Stockholm, Sweden. Its primary mission is to manage the assets bequeathed by Alfred Nobel for the purpose of awarding the prestigious Nobel Prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace. Since 1901, the foundation has granted a total of 989 Nobel Prizes. Through this mission, the Nobel Foundation plays a pivotal role in recognizing and honoring exceptional individuals and their groundbreaking achievements in various fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star rating
The Nobel Foundation has achieved an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived entirely from the Accountability & Finance beacon, showcasing the organization's commitment to responsible financial practices and transparency in operations.
One of the key strengths of the Nobel Foundation includes its independent governance structure, with 85% of board members being independent, which ensures unbiased decision-making. Additionally, the organization has demonstrated strong financial oversight, with a perfect score for its audit and oversight committee, and no material diversion of assets reported, further reflecting its integrity.
However, while the Foundation shows a commendable program expense ratio of 85.77%, indicating that a significant portion of its expenses supports its mission, the overall rating suggests there may be room for improvement in other areas not detailed in the rating. Overall, the Nobel Foundation demonstrates a solid performance in accountability and finance, which is essential for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Nobel Foundation legitimate?
The Nobel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nobel Foundation 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: $211,630
Professional Fundraising Fees: $0
Other Salaries and Wages: $531,059
For more financial information, click here
What is the mission statement of The Nobel Foundation?
The Nobel Foundation oversees the assets bequeathed by Alfred Nobel for the granting of the prestigious Nobel Prizes in the fields of Physics, Chemistry, Physiology or Medicine, Literature, and Peace. Established in 1900, its primary mission is to manage these resources and facilitate the prize awards process. To date, a total of 989 Nobel Prizes have been bestowed. The foundation plays a crucial role in recognizing and appreciating exceptional achievements in these fields, fostering innovation and progress for the betterment of humanity.
Who is the CEO of The Nobel Foundation?
Annica Lager is the Chairman of The Nobel Foundation.
What is the revenue of The Nobel Foundation?
The Nobel Foundation's revenue in 2022 was $14,447,937.
Who are the executives of The Nobel Foundation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $8,426
- Related: $0
- Other: $0
- Compensation: $1,719
- Related: $0
- Other: $0
- Compensation: $3,814
- Related: $0
- Other: $0
- Compensation: $4,547
- Related: $0
- Other: $0
- Compensation: $4,547
- Related: $0
- Other: $0
- Compensation: $1,171
- Related: $0
- Other: $0
- Compensation: $4,547
- Related: $0
- Other: $0
- Compensation: $3,151
- Related: $0
- Other: $0
- Compensation: $3,151
- Related: $0
- Other: $0
- Compensation: $5,047
- Related: $0
- Other: $0
- Compensation: $171,509
- Related: $0
- Other: $0
Where can I find the form 990 for The Nobel Foundation?
The Nobel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Nobel Foundation
The Nobel Foundation, established in 1900, serves as the financial backbone for the esteemed Nobel Prizes. Founded through the will of Alfred Nobel, this organization manages the assets designated for recognizing achievements in Physics, Chemistry, Physiology or Medicine, Literature, and Peace. By overseeing these funds, The Nobel Foundation enables the annual presentation of these prestigious awards. To date, the organization has bestowed a total of 989 Nobel Prizes since their inception in 1901.
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Impact
October, 2024
The Nobel Foundation plays a significant role in recognizing and promoting excellence in various fields, including Physics, Chemistry, Physiology or Medicine, Literature, and Peace. By managing the assets bequeathed by Alfred Nobel, it ensures that the Nobel Prizes can continue to honor individuals and organizations who have made substantial contributions to humanity.
Since its establishment in 1900, the Foundation has facilitated the awarding of 989 Nobel Prizes, fostering global awareness and appreciation of scientific and literary achievements as well as the importance of peace. The impact of these awards is far-reaching; they not only celebrate groundbreaking discoveries and transformative ideas but also inspire future generations of scientists, writers, and activists.
Moreover, by drawing attention to pressing social issues and humanitarian efforts, the Nobel Prizes stimulate dialogue and action within the international community, leading to advancements in a variety of fields and encouraging collaborative efforts to address global challenges. The Foundation's mission ultimately elevates the standards of research and creativity, reinforcing the value of intellectual and artistic contributions to society.
This information is meant to be a general summary of The Nobel Foundation. 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: $12,531,297
- Gross Receipts: $57,349,524
Assets and Liabilities:
- Total Assets: $389,681,008
- Total Liabilities: $6,348,970
- Net Assets: $383,332,038
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Organization Details
Founding Year
1900
Phone
(468) 663-0920Principal Officer
Annica Lager
NTEE Category
Code: U00 - Science research
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