Overview
What is Bent Creek Institute Inc?
Bent Creek Institute Inc, a nonprofit organization situated in Asheville, North Carolina, focuses on research and economic development in the field of plant-derived wellness products. In collaboration with the North Carolina Arboretum, they manage botanical ingredient authentication and testing services at the US Botanical Safety Laboratory (USBSL). USBSL also offers formulation services to small businesses, providing access to GMP-compliant prototyping and manufacturing services. The institute maintains regional partnerships, such as with the Bionetwork Laboratory, to establish an accessible hub for the production of value-added products from Western North Carolina's alternative agriculture. Additionally, Bent Creek Institute Inc provides USFDA New Dietary Ingredient Notification (NDIN) and related compliance services to various botanical products companies in Western North Carolina. With a team of four dedicated individuals, the institute works tirelessly to advance research, development, and production of safe and effective plant-based wellness products.
Official website here: www.usbsl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
Bent Creek Institute Inc has achieved a remarkable score of 97%, reflecting strong performance in accountability and finance, which is critical for donor confidence. This score is derived entirely from the Accountability & Finance beacon, showcasing the charity's commitment to transparency and responsible financial management.
The organization demonstrates excellence in governance, with an independent board consisting of 100% independent members. Additionally, it has established robust policies regarding conflicts of interest, whistleblower protections, and document retention, all of which contribute to a solid framework for accountability. Furthermore, its program expense ratio of 79.48% indicates that a significant portion of its funds is directed towards its mission-related programs.
Despite the high rating, potential donors should consider that the evaluation is solely based on financial metrics and does not account for qualitative measures such as program effectiveness or impact. However, the financial health and governance practices of Bent Creek Institute Inc suggest a well-managed nonprofit that prioritizes ethical standards and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Bent Creek Institute Inc legitimate?
Bent Creek Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bent Creek 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,717
For more financial information, click here
Official website here: www.usbsl.org
What is the mission statement of Bent Creek Institute Inc?
The Bent Creek Institute Inc, functioning as a non-profit research and economic development organization, focuses on accelerating the research, development, and production of safe plant-derived wellness products. It collaborates with various entities to authenticate and test botanical ingredients, provide formulation services, and ensure compliance with regulations. The organization's mission aims to support small businesses in the region, providing access to GMP-compliant prototyping and manufacturing services, and anchoring a hub for the production of value-added products from alternative agriculture.
Official website here: www.usbsl.org
Who is the CEO of Bent Creek Institute Inc?
Gregory W Cumberford is the Vice Chair And Treasurer of Bent Creek Institute Inc.
Official website here: www.usbsl.org
What is the revenue of Bent Creek Institute Inc?
Bent Creek Institute Inc's revenue in 2022 was $190,158.
Official website here: www.usbsl.org
Who are the executives of Bent Creek Institute Inc and what are their salaries?
The average compensation at Bent Creek Institute Inc during 2022 was $26,929. There are 4 employees at Bent Creek Institute Inc.
Here are 8 key members and their salaries:
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Official website here: www.usbsl.org
Where can I find the form 990 for Bent Creek Institute Inc?
Bent Creek Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usbsl.org
Learn more at the official website: www.usbsl.org
Mission Statement of Bent Creek Institute Inc
Bent Creek Institute Inc, a non-profit organization, focuses on accelerating research, development, and production of safe plant-derived wellness products. Their mission is to contribute to this field in Western North Carolina. In collaboration with the North Carolina Arboretum, Bent Creek Institute Inc manages botanical ingredient authentication and testing services at the US Botanical Safety Laboratory (USBSL). This laboratory also provides formulation services to small businesses, offering access to Good Manufacturing Practice (GMP) compliant prototyping and manufacturing services. Bent Creek Institute Inc's partnerships with regional organizations, such as the Bionetwork Laboratory (a division of the community college system), establish an accessible hub for the production of value-added products from alternative agriculture in Western North Carolina. The USBSL also offers US Food and Drug Administration (FDA) New Dietary Ingredient Notification (NDIN) and related compliance services to various botanical products companies, further supporting the wellness industry in the region.
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Impact
October, 2024
Bent Creek Institute Inc. significantly contributes to the advancement of safe plant-derived wellness products in Western North Carolina by accelerating research, development, and production initiatives within the region. Through its collaboration with the North Carolina Arboretum, the organization manages crucial botanical ingredient authentication and testing services at the US Botanical Safety Laboratory. This facility not only supports small businesses by providing access to Good Manufacturing Practices (GMP) compliant prototyping and manufacturing services but also fosters regional partnerships, such as with the BioNetwork Laboratory, creating an accessible hub for producing value-added products from alternative agriculture in the area.
By delivering valuable services, including US FDA New Dietary Ingredient Notification (NDIN) and compliance assistance, Bent Creek Institute ensures that local botanical companies can navigate regulatory requirements effectively. This support enhances the credibility and marketability of wellness products originating from Western North Carolina, ultimately bolstering the local economy and promoting sustainability within the agricultural sector. Their work not only fuels economic development but also champions the safe use of plant-based ingredients, contributing to the broader wellness and natural products industries.
This information is meant to be a general summary of Bent Creek 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.
- Investment Income: $86
- Program Service Revenue: $140,403
- Gross Receipts: $190,158
Assets and Liabilities:
- Total Assets: $221,349
- Total Liabilities: $103,958
- Net Assets: $117,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USBSL CONTRACT SERVICES
Revenue
$71,086
USBSL TESTING INCOME
Revenue
$69,317
Organization Details
Founding Year
2008
Principal Officer
Gregory W Cumberford
Main Address
100 FREDERICK LAW OLMSTED WAY, ASHEVILLE, NC, 28806
Website
www.usbsl.orgNTEE Category
Code: U055 - Science research
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