Overview
What is The Galien Foundation?
The Galien Foundation is a distinguished nonprofit organization situated in New York City, New York. Its primary mission is to acknowledge and commend exceptional technical, scientific, and clinical research abilities that contribute to the creation of innovative medicines and medical devices. This recognition, often referred to as the 'Nobel Prize' of the biomedical industry, fosters advancements in this field. With a small team of dedicated professionals, the foundation actively promotes biomedical research, thereby driving progress in medical science.
Official website here: www.prix-galien-usa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating) from Charity Navigator.
The Galien Foundation has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The overall score of 92% reflects a solid commitment to transparency and effective financial management, with a particular emphasis on the absence of material asset diversions and comprehensive auditing practices.
Strengths noted include a fully independent board composed of ten members, effective financial ratios, and a high program expense ratio of 88.03%. The organization demonstrates excellent fundraising efficiency, incurring minimal costs to raise funds, which suggests that the majority of donations directly support its programs. Furthermore, a range of governance policies is in place, including a whistleblower policy and a conflict of interest policy, adding to its accountability.
However, the foundation's board size is noted as a limitation, with only three independent members. This may raise concerns about the diversity of perspectives within the governance structure. Overall, the Galien Foundation exemplifies a strong nonprofit organization with reliable financial practices and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Galien Foundation legitimate?
The Galien Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Galien 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: $290,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.prix-galien-usa.com
What is the mission statement of The Galien Foundation?
The mission of The Galien Foundation is centered around recognizing and honoring exceptional technical, scientific, and clinical research skills. This organization aims to foster the development of innovative medicines and medical devices by bestowing its prestigious accolade, often regarded as the biomedical industry's equivalent of the Nobel Prize. By acknowledging these achievements, The Galien Foundation seeks to encourage and inspire continued advancements in the field of biomedical research.
Official website here: www.prix-galien-usa.com
Who is the CEO of The Galien Foundation?
Bruno Cohen is the President of The Galien Foundation.
Official website here: www.prix-galien-usa.com
What is the revenue of The Galien Foundation?
The Galien Foundation's revenue in 2022 was $3,051,061.
Official website here: www.prix-galien-usa.com
Who are the executives of The Galien Foundation and what are their salaries?
The average compensation at The Galien Foundation during 2022 was $290,000. There is 1 employee and 3 volunteers at The Galien Foundation.
Here are 4 key members and their salaries:
- Compensation: $214,564
- 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.prix-galien-usa.com
Where can I find the form 990 for The Galien Foundation?
The Galien Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prix-galien-usa.com
Learn more at the official website: www.prix-galien-usa.com
Mission Statement of The Galien Foundation
The Galien Foundation, a distinguished entity in the biomedical industry, is dedicated to recognizing and honoring technical, scientific, and clinical research skills essential for the advancement of innovative medicines and medical devices. This esteemed organization serves as a beacon, bestowing upon recipients an accolade considered the equivalent of the Nobel Prize in the realm of biomedical research. The Galien Foundation's mission is to celebrate and elevate the individuals and teams behind groundbreaking discoveries that significantly contribute to improving human health.
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Impact
October, 2024
The Galien Foundation has a profound impact on the biomedical research landscape by recognizing and honoring the technical, scientific, and clinical research skills that are essential for developing innovative medicines and medical devices. This recognition not only celebrates individual and collective achievements within the biomedical community but also serves to inspire further advancements in healthcare.
By presenting awards that are regarded as the equivalent of the Nobel Prize in biomedicine, the Galien Foundation elevates the profiles of researchers and innovators, facilitating increased visibility and support for their contributions. This recognition helps to foster an environment that encourages collaboration, investment, and the pursuit of groundbreaking discoveries.
In doing so, the Foundation plays a critical role in advancing the mission of improving global health through innovation. The collective impact of these efforts not only enhances the development of new therapeutics and technologies but also ensures that the biomedical industry continues to push the boundaries of what is possible, ultimately benefiting patients worldwide.
This information is meant to be a general summary of The Galien 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: $1,412
- Gross Receipts: $3,051,061
Assets and Liabilities:
- Total Assets: $3,804,930
- Total Liabilities: $837,162
- Net Assets: $2,967,768
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Organization Details
Founding Year
2009
Phone
(212) 685-1593Principal Officer
Bruno Cohen
Main Address
99 John Street APT 2502, New York, NY, 10038
Website
www.prix-galien-usa.comNTEE Category
Code: H19 - Medical research
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