Overview
What is A Foundation Building Strength Inc?
A Foundation Building Strength Inc is a nonprofit organization dedicated to combating nemaline myopathy, a muscular disorder. Their primary mission involves funding research grants, both domestically and internationally, to organizations specializing in nemaline myopathy science. The organization's focus is particularly on testing inhibitory molecules affecting the protein myostatin and exploring gene replacement technology. By doing so, A Foundation Building Strength Inc aims to discover effective treatments for nemaline myopathy, ultimately improving the lives of those affected by this condition.
Official website here: www.buildingstrength.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.
A Foundation Building Strength Inc has received a solid Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. With an impressive 90% score in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and effective conflict of interest policies. Their program expense ratio is notably high at 91.65%, suggesting that a significant portion of their funds is directed towards their programs rather than administrative costs.
The organization excels in leadership, achieving a perfect score in this area, which reflects its commitment to developing leadership within its ranks. All necessary policies, such as whistleblower and conflict of interest, are properly documented, indicating a well-structured operational framework. Additionally, the lack of material diversion of assets and a favorable liabilities to assets ratio further reinforce the organization's solid financial standing.
Despite its strengths, the overall rating suggests that while the charity is performing well, there may be areas for improvement, particularly in increasing its transparency and adaptability to changing circumstances. However, the current data demonstrates that A Foundation Building Strength Inc is making effective use of its resources and maintaining strong ethical standards in its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about A Foundation Building Strength Inc?
94% of reviewers on Facebook support A Foundation Building Strength Inc. Here is a summary of their comments:
Many users express gratitude for the organization’s efforts, particularly highlighting the dedication demonstrated during events like the recent conference. The commitment to their mission resonates well with the community, as the feedback reflects a strong appreciation for the hard work put in by the staff.
Overall, the sentiment is highly positive, showcasing that the foundation effectively meets the needs of those it serves. Users feel supported and value the impact of the organization’s initiatives.
This AI summary has been generated from reviews found on Facebook.
Is A Foundation Building Strength Inc legitimate?
A Foundation Building Strength Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Foundation Building Strength Inc 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.buildingstrength.org
What is the mission statement of A Foundation Building Strength Inc?
A Foundation Building Strength Inc, in its mission, is dedicated to discovering treatments for nemaline myopathy. The organization awards research grants to both domestic and international organizations, primarily focusing on studies related to nemaline myopathy, particularly investigating the inhibitory molecule linked to the protein myostatin and gene replacement technology. The ultimate goal is to advance scientific understanding and potential therapies for this specific muscle disorder.
Official website here: www.buildingstrength.org
Who is the CEO of A Foundation Building Strength Inc?
Marc Guillet is the President of A Foundation Building Strength Inc.
Official website here: www.buildingstrength.org
What is the revenue of A Foundation Building Strength Inc?
A Foundation Building Strength Inc's revenue in 2022 was $1,839,492.
Official website here: www.buildingstrength.org
Who are the executives of A Foundation Building Strength Inc and what are their salaries?
There 13 volunteers at A Foundation Building Strength Inc.
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Official website here: www.buildingstrength.org
Where can I find the form 990 for A Foundation Building Strength Inc?
A Foundation Building Strength Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buildingstrength.org
Learn more at the official website: www.buildingstrength.org
Mission Statement of A Foundation Building Strength Inc
A Foundation Building Strength, a nonprofit organization, is dedicated to finding effective treatments for nemaline myopathy. Their mission is accomplished through the provision of research grants to both domestic and international organizations that focus on nemaline myopathy science. Specifically, they support research on the inhibitory molecule to the protein myostatin and gene replacement technology. The goal is to advance the understanding and potential cures for this condition. By funding these organizations, A Foundation Building Strength contributes to the global effort to develop treatments for nemaline myopathy, offering hope to those affected by this condition.
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Impact
October, 2024
A Foundation Building Strength Inc significantly impacts the landscape of medical research by focusing on nemaline myopathy, a rare and challenging muscle disorder. The organization actively funds research initiatives, providing grants to both domestic and international entities dedicated to advancing our understanding and treatment of this condition. This includes cutting-edge studies on the inhibition of the myostatin protein, which is crucial in muscle development, and exploring gene replacement therapies that hold promise for affected individuals. Through its commitment to fostering scientific inquiry and innovation, the foundation is contributing to the potential development of effective treatments, ultimately aiming to improve the quality of life for those impacted by nemaline myopathy. Based in Palo Alto, CA, the foundation emphasizes collaboration among researchers and institutions, thereby amplifying the reach and efficacy of its efforts in the medical community.
This information is meant to be a general summary of A Foundation Building Strength Inc. 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: $4,713
- Gross Receipts: $1,862,716
Assets and Liabilities:
- Total Assets: $2,925,120
- Total Liabilities: $133,524
- Net Assets: $2,791,596
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Organization Details
Founding Year
2008
Phone
(650) 320-8000Principal Officer
Marc Guillet
Main Address
3825 EL CAMINO REAL, PALO ALTO, CA, 94306
Website
www.buildingstrength.orgNTEE Category
Code: H12 - Medical research
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