Overview
What is The Jacobs Institute Inc?
The Jacobs Institute Inc, based in Buffalo, New York, was established in 2008 with a mission to advance research, teaching, public awareness, and clinical treatment of global vascular diseases. With a workforce of 60 employees, this nonprofit organization aims to make Western New York a global hub for world-class expertise in minimally-invasive surgical treatments for vascular diseases. Founded on Schedule O, the institute's operations focus on investigation and due diligence to ensure all activities are carried out as planned.
Official website here: www.jacobsinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Jacobs Institute Inc has received a rating of 86%, reflecting a strong focus on accountability and financial management. This rating indicates that the organization demonstrates a commitment to transparency, with 100% of its board members being independent, which enhances governance integrity. Additionally, the institute has effectively implemented policies for conflict of interest, whistleblower protections, and document retention, all of which contribute positively to its accountability score.
Financially, the organization exhibits a respectable program expense ratio of approximately 66%, indicating that a significant portion of its budget is directed toward its mission-driven programs. Furthermore, it has shown no material diversion of assets, which reinforces trust in its financial practices. The auditing and oversight mechanisms in place are robust, marking it as a responsible entity in managing its resources.
However, the liability to assets ratio of over 56% suggests that while the organization is functioning well, it may have significant obligations relative to its assets. This aspect could be a potential concern for stakeholders looking for long-term financial stability. Overall, The Jacobs Institute Inc appears to maintain a solid standing in terms of accountability and financial ethics, with a few areas that could benefit from further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is The Jacobs Institute Inc legitimate?
The Jacobs Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jacobs Institute 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:
Executive Compensation: $1,764,355
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,986,427
For more financial information, click here
Official website here: www.jacobsinstitute.org
What is the mission statement of The Jacobs Institute Inc?
The Jacobs Institute Inc, established in 2008, is dedicated to achieving global excellence in research, teaching, public awareness, and clinical advances in minimally-invasive surgical treatment for vascular diseases. Their mission is to make significant strides in this field, contributing to the betterment of health and wellbeing for individuals worldwide. The Institute conducts thorough investigation and due diligence to ensure the successful implementation of all its activities. Their primary focus is on advancing knowledge and skills in the realm of vascular disease treatment through innovative research and educational programs.
Official website here: www.jacobsinstitute.org
Who is the CEO of The Jacobs Institute Inc?
Adnan H Siddiqui is the Principal Officer of The Jacobs Institute Inc. The CEO's salary of The Jacobs Institute Inc is $750,000 and their total compensation is $750,000.
Official website here: www.jacobsinstitute.org
What is the revenue of The Jacobs Institute Inc?
The Jacobs Institute Inc's revenue in 2022 was $12,864,398.
Official website here: www.jacobsinstitute.org
Who are the executives of The Jacobs Institute Inc and what are their salaries?
The average compensation at The Jacobs Institute Inc during 2022 was $79,180. There are 60 employees at The Jacobs Institute Inc.
Here are 21 key members and their salaries (The Jacobs Institute Inc's CEO's salary is $750,000 and their total compensation is $750,000):
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- Compensation: $750,000
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- Compensation: $139,507
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- Other: $20,941
- Compensation: $124,000
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- Other: $19,759
Official website here: www.jacobsinstitute.org
Where can I find the form 990 for The Jacobs Institute Inc?
The Jacobs Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacobsinstitute.org
Learn more at the official website: www.jacobsinstitute.org
Mission Statement of The Jacobs Institute Inc
The Jacobs Institute Inc, a visionary organization, was established in 2008 to transform western New York into a global hub for research, teaching, public awareness, and clinical advances in minimally-invasive surgical treatment of vascular diseases. The Institute's ultimate goal is to make strides in this field and bring world-class expertise and innovation to the forefront.
In pursuit of its mission, The Jacobs Institute Inc conducts extensive investigation and due diligence to implement all activities related to research, education, and treatment of vascular diseases. The organization's efforts are geared towards making significant contributions to the medical community and improving the lives of those affected by vascular diseases. By fostering a culture of innovation and collaboration, The Jacobs Institute Inc sets the standard for excellence in the field.
The Jacobs Institute Inc's commitment to research and teaching is evident through its dedicated team of professionals who work tirelessly to advance the understanding of vascular diseases and develop new, minimally-invasive surgical treatments. The organization's public awareness initiatives aim to educate the general public and raise awareness about the importance of addressing vascular diseases and the potential benefits of minimally-invasive surgical treatments. With a focus on improving clinical outcomes and patient care, The Jacobs Institute Inc strives to be at the forefront of global progress in the realm of vascular disease research and treatment.
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Impact
October, 2024
The Jacobs Institute Inc. has significantly contributed to establishing Western New York as a leading hub for research and education in the field of vascular disease treatment. Since its formation in 2008, it has focused on advancing clinical and minimally-invasive surgical techniques, enhancing public awareness, and fostering excellence in medical teaching.
By facilitating innovative research and providing educational resources, The Jacobs Institute drives the development and implementation of cutting-edge technologies and methods in vascular surgery. Through its commitment to advancing clinical practices and improving treatment outcomes, the Institute not only benefits local patients but also influences practices in the broader medical community on a global scale. Its impact extends to enhancing the quality of care, promoting public health initiatives, and training the next generation of healthcare professionals, thereby shaping the future of vascular disease treatment.
This information is meant to be a general summary of The Jacobs Institute 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.
- Program Service Revenue: $8,592,681
- Gross Receipts: $12,864,398
Assets and Liabilities:
- Total Assets: $7,681,956
- Total Liabilities: $4,308,904
- Net Assets: $3,373,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGULATORY SERVICE REVENUE
Revenue
$1,985,124
TRAINING AND MEDIA PRODUCTION SER
Revenue
$1,626,948
PRODUCT TESTING SERVICES
Revenue
$1,428,668
CONFERENCE REVENUE
Revenue
$1,097,228
MODEL DESIGN, DEVELOPMENT & MANUF
Revenue
$1,067,200
Organization Details
Founding Year
2008
Phone
(716) 888-4800Principal Officer
Adnan H Siddiqui
Main Address
875 ELLICOTT STREET 5TH FLOOR, BUFFALO, NY, 14203
Website
www.jacobsinstitute.orgNTEE Category
Code: H50 - Medical research
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