Overview
What is Usher Iii Initiative Inc?
Usher III Initiative Inc, based in Chicago, Illinois, is a nonprofit organization dedicated to exploring potential treatments for Usher Syndrome Type 3. Their mission involves identifying therapies, treatments, and ultimately, a cure for this condition. The initiative has pursued a strategic approach, focusing on small molecule chaperone therapy, aiming to slow or potentially reverse the vision loss associated with Usher III. Their primary activity includes conducting research, pre-clinical safety studies, and manufacturing of a lead drug compound for this purpose.
Official website here: www.usheriii.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Usher Iii Initiative Inc has demonstrated high standards in accountability and finance, achieving an impressive 96% score. This rating indicates a strong commitment to transparency and effective financial management practices, reflecting the organization’s responsibility toward its donors and stakeholders. The overall score is derived solely from its Accountability & Finance beacon, highlighting a concentrated effort in these areas.
Notably, the organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has a high program expense ratio of approximately 94%, suggesting that most of its resources are directed toward its mission rather than administrative costs. This financial efficiency is further supported by the absence of any material diversion of assets.
While the organization excels in various financial metrics and policies, the summary does not provide insights into its programmatic impact or community feedback. Future evaluations may benefit from exploring these dimensions to give a more comprehensive view of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Usher Iii Initiative Inc legitimate?
Usher Iii Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usher Iii Initiative 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.
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Official website here: www.usheriii.org
What is the mission statement of Usher Iii Initiative Inc?
The Usher III Initiative Inc's mission is centered around identifying potential therapies, treatments, and ultimately, a cure for Usher Syndrome Type III. Their primary objective is to develop a treatment that can slow down or potentially reverse the vision loss associated with this condition. To achieve this goal, the initiative has adopted an approach focused on small molecule chaperone therapy. Currently, they are engaged in the continued development of a lead drug compound for Usher Syndrome Type 3, involving research, pre-clinical safety studies, and manufacturing processes.
Official website here: www.usheriii.org
Who is the CEO of Usher Iii Initiative Inc?
Alicia Derrah is the President of Usher Iii Initiative Inc.
Official website here: www.usheriii.org
What is the revenue of Usher Iii Initiative Inc?
Usher Iii Initiative Inc's revenue in 2022 was $1,771,984.
Official website here: www.usheriii.org
Who are the executives of Usher Iii Initiative Inc and what are their salaries?
There 10 volunteers at Usher Iii Initiative Inc.
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Official website here: www.usheriii.org
Where can I find the form 990 for Usher Iii Initiative Inc?
Usher Iii Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usheriii.org
Learn more at the official website: www.usheriii.org
Mission Statement of Usher Iii Initiative Inc
The Usher III Initiative Inc is committed to identifying potential therapies, treatments, and, ultimately, a cure for Usher Syndrome Type III. Their primary goal is to develop a treatment that can slow down or potentially reverse the vision loss associated with this condition. To achieve this, the initiative has adopted an approach centered on small molecule chaperone therapy. Currently, they are focused on furthering the development of a lead drug compound for Usher Syndrome Type 3, involving rigorous research, pre-clinical safety studies, and manufacturing processes.
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Impact
October, 2024
Usher Iii Initiative Inc is dedicated to identifying therapies and treatments for Usher Syndrome Type III, significantly impacting the lives of individuals affected by this condition. By focusing on the development of a lead drug compound aimed at treating Usher Syndrome type 3, the initiative actively undertakes essential research, pre-clinical safety studies, and manufacturing processes. Located in Chicago, Illinois, it emphasizes a unique approach that centers on small molecule chaperone therapy, which seeks to slow or potentially reverse the vision loss associated with Usher Syndrome III. This initiative not only fosters hope within the affected community but also drives forward scientific understanding and advancements in treating this rare disorder.
This information is meant to be a general summary of Usher Iii Initiative 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: $975
- Gross Receipts: $1,771,984
Assets and Liabilities:
- Total Assets: $2,080,401
- Total Liabilities: $118,224
- Net Assets: $1,962,177
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Organization Details
Founding Year
2010
Phone
(312) 896-2509Principal Officer
Alicia Derrah
Main Address
191 N WACKER DRIVE 1790, CHICAGO, IL, 60606
Website
www.usheriii.orgNTEE Category
Code: G122 - Disease
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