Overview
What is Sage Bionetworks?
Sage Bionetworks is a nonprofit research organization based in Seattle, Washington, with a mission to coordinate and link biomedical researchers, patients, and citizens through a unique platform. They strive to conduct research, particularly in the area of network models of disease, while building a computational platform for the Commons to modernize how biomedical data and insights are collected, managed, and used. Their work involves developing and applying community practices to address barriers in computational biomedical research and partnering with scientists in academia, industry, and the nonprofit sector to ensure data-intensive science programs yield tangible results. Sage Bionetworks also pioneers the evaluation and improvement of algorithms in biomedical domains and hosts challenges to facilitate collaboration and community building. With a team of around 140 employees, they have engaged in various projects, including AMP AD, Boston Children's Hospital VEIOBD, and RADx Long Covid.
Official website here: www.sagebionetworks.org
What are the reviews and ratings of this charity?
Charity Navigator rates Sage Bionetworks with a score of 86%, granting it a Three-Star out of Four Star rating. This rating reflects a strong commitment to accountability and finance, with a score of 83, and a notable impact and measurement score of 87. The organization excels in leadership and adaptability, achieving a perfect score of 100, which indicates effective governance and strategic planning.
Sage Bionetworks demonstrates financial responsibility, with a program expense ratio of 93.60%, indicating that a significant portion of its expenses is directed towards its mission-related programs. The organization maintains an independent board, comprising seven members, all of whom are independent, which reinforces transparency and integrity in its governance practices. Furthermore, the charity has established robust policies for audit oversight, conflict of interest, and whistleblower protections.
Despite its strengths, the organization has a liability to assets ratio of 67.39%, which signals potential financial risks that may need to be addressed. Overall, Sage Bionetworks shows a solid foundation in both leadership and financial management, though attention to its financial liabilities may enhance its sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Sage Bionetworks legitimate?
Sage Bionetworks is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sage Bionetworks 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: $1,557,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,614,969
For more financial information, click here
Official website here: www.sagebionetworks.org
What is the mission statement of Sage Bionetworks?
Sage Bionetworks is a nonprofit research organization dedicated to accelerating the application of data-intensive science in medicine. Founded in 2009, the organization focuses on modernizing how biomedical data is collected, managed, and used. Sage Bionetworks' mission includes conducting research on network models of disease, developing the computational platform for a Commons to facilitate researcher cooperation, and promoting public engagement. By addressing barriers and leveraging community practices, the organization aims to ensure that data-driven research leads to tangible outcomes. Sage Bionetworks partners with scientists in academia, industry, and nonprofits to bring data-intensive science programs to fruition.
Official website here: www.sagebionetworks.org
Who is the CEO of Sage Bionetworks?
Luca Foschini is the Chief Technology Officer of Sage Bionetworks.
Official website here: www.sagebionetworks.org
What is the revenue of Sage Bionetworks?
Sage Bionetworks's revenue in 2022 was $23,911,041.
Official website here: www.sagebionetworks.org
Who are the executives of Sage Bionetworks and what are their salaries?
The average compensation at Sage Bionetworks during 2022 was $94,089. There are 140 employees and 7 volunteers at Sage Bionetworks.
Here are 19 key members and their salaries:
- Compensation: $277,785
- Related: $0
- Other: $28,424
- Compensation: $272,938
- Related: $0
- Other: $25,471
- Compensation: $219,103
- Related: $0
- Other: $27,326
- Compensation: $198,315
- Related: $0
- Other: $34,388
- Compensation: $188,942
- Related: $0
- Other: $38,543
- Compensation: $185,555
- Related: $0
- Other: $40,818
- Compensation: $185,581
- Related: $0
- Other: $34,521
- Compensation: $188,114
- Related: $0
- Other: $28,377
- Compensation: $184,548
- Related: $0
- Other: $26,661
- Compensation: $178,989
- Related: $0
- Other: $28,474
- Compensation: $128,450
- Related: $0
- Other: $19,237
- Compensation: $33,686
- Related: $0
- Other: $5,805
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sagebionetworks.org
Where can I find the form 990 for Sage Bionetworks?
Sage Bionetworks's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sagebionetworks.org
Learn more at the official website: www.sagebionetworks.org
Mission Statement of Sage Bionetworks
Sage Bionetworks, a pioneering nonprofit research organization, was established in 2009 with a mission to revolutionize the way biomedical data is shared, managed, and used. By fostering collaboration between academic, commercial, and individual researchers, as well as patients and citizens, Sage Bionetworks aims to accelerate the translation of data-intensive science into medicine.
The organization's primary objectives include conducting research on network models of disease, building a robust computational platform for the Commons, and engaging the public in the scientific process. Sage Bionetworks' approach to modernizing biomedical research addresses the barriers that hinder the implementation and interpretation of data-driven studies, ultimately leading to actionable results.
By promoting open science practices and transforming the way biomedical data is collected, managed, and utilized, Sage Bionetworks plays a pivotal role in the scientific community. The organization partners with scientists from various sectors, such as academia, industry, and the nonprofit world, to ensure that data-intensive science initiatives yield tangible outcomes. In doing so, Sage Bionetworks bridges the gap between cutting-edge research and practical applications, ultimately contributing to advancements in the medical field.
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Impact
October, 2024
Sage Bionetworks significantly impacts the biomedical research landscape by fostering collaboration and innovation across diverse fields. By connecting academic and commercial researchers, patients, and the general public, Sage Bionetworks creates an open and dynamic Commons that encourages the sharing of complex biological data, redefining the norms around data usage and intellectual property in genomics.
The organization spearheads initiatives that enhance scientific coordination, encompassing hypothesis generation, data curation, analysis, interpretation, and dissemination. This multifaceted approach allows for a more robust exploration of diseases, leading to valuable insights and predictive tools that can directly inform health strategies and clinical practices.
Sage Bionetworks also addresses the increasing complexity of data-intensive research by developing frameworks to evaluate and improve algorithms crucial for biomedical analysis. Through its collaboration with the DREAM community, Sage hosts open challenges that motivate teams to tackle fundamental questions in systems biology and translational medicine, thus driving innovation and community building.
Moreover, the organization’s commitment to public engagement ensures that the outcomes of its research are accessible and beneficial to broader populations. By modernizing the management and interpretation of biomedical data, Sage Bionetworks plays a vital role in accelerating the translation of scientific discoveries into real-world medical applications, ultimately enhancing patient care and outcomes.
This information is meant to be a general summary of Sage Bionetworks. 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: $120
- Program Service Revenue: $4,767,966
- Gross Receipts: $23,911,041
Assets and Liabilities:
- Total Assets: $11,242,073
- Total Liabilities: $7,577,144
- Net Assets: $3,664,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Scientific Collaborations
Revenue
$4,767,966
Organization Details
Founding Year
2009
Phone
(206) 928-8250Principal Officer
Luca Foschini
Main Address
2901 Third Ave Ste 330, Seattle, WA, 98121
Website
www.sagebionetworks.orgNTEE Category
Code: U50 - Science research
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