Overview
What is Chan Soon-Shiong Nanthealth Foundation?
The Chan Soon-Shiong Nanthealth Foundation is a nonprofit organization based in El Segundo, California, with a single employee. Their primary mission is to engage in continuous, active medical research in collaboration with hospitals. Initially, they partnered with Providence Saint John's Health Center for research and development of personalized molecular medical therapies for unmet medical needs. Currently, they are working with Windber Hospital and Johns Hopkins University on parallel research projects. The organization provides funding, data, and expertise, and performs support services for these projects, including custom engineering, regulatory, and medical support. They also plan to conduct medical research projects in collaboration with various universities, particularly those led by faculty from the University of California and partner institutions. The foundation dedicates a significant portion of its resources to medical research, annually spending at least 3.5% or more of its endowment's fair market value on research projects or devoting more than half of its assets to research. As of June 23, 2020, a final report was issued for a research project led by Mark Kelly, M.D., focusing on identifying prostate cancer patients suitable for cryoablation treatment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
The Chan Soon-Shiong Nanthealth Foundation has received a low rating of 57%, which reflects significant concerns regarding its accountability and financial practices. This rating is solely based on a single beacon score, emphasizing the importance of accountability and transparency in nonprofit operations. The foundation's overall score indicates a need for improvement in various governance aspects, particularly in board independence and size.
Strengths of the foundation include a strong performance in certain areas, such as a complete absence of asset diversion and a commendable conflict of interest policy. Additionally, the organization maintains a low liabilities to assets ratio, suggesting a stable financial footing. However, the foundation's weaknesses are notable, including the lack of independent board members and failure to provide essential documentation like its website and tax forms, which are critical for fostering trust and transparency.
Overall, while the Chan Soon-Shiong Nanthealth Foundation demonstrates some positive governance practices, its poor rating highlights significant shortcomings that potential donors and supporters should consider. Without addressing these issues, the foundation may struggle to build credibility and effectively fulfill its mission in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chan Soon-Shiong Nanthealth Foundation legitimate?
Chan Soon-Shiong Nanthealth Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chan Soon-Shiong Nanthealth 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: $319,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Chan Soon-Shiong Nanthealth Foundation?
The Chan Soon-Shiong Nanthealth Foundation is dedicated to engaging in continuous, active medical research in conjunction with hospitals. This organization's primary focus is on research and technology development in personalized molecular medicine, aiming to address unmet medical needs. The concept of personalized molecular medicine allows for the customization of healthcare, with decisions and practices tailored to individual patients at the molecular level. The foundation contributes to this field by working with various types of hospitals, including those recognized as 501(c)(3), federal hospitals, and instrumentalities of governmental units.
Who is the CEO of Chan Soon-Shiong Nanthealth Foundation?
Patrick Soon-Shiong is the Director Of Govt. Relations of Chan Soon-Shiong Nanthealth Foundation.
What is the revenue of Chan Soon-Shiong Nanthealth Foundation?
Chan Soon-Shiong Nanthealth Foundation's revenue in 2022 was $49,958.
Who are the executives of Chan Soon-Shiong Nanthealth Foundation and what are their salaries?
The average compensation at Chan Soon-Shiong Nanthealth Foundation during 2022 was $319,746. There is 1 employee at Chan Soon-Shiong Nanthealth Foundation.
Here are 5 key members and their salaries:
- Compensation: $309,236
- 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
Where can I find the form 990 for Chan Soon-Shiong Nanthealth Foundation?
Chan Soon-Shiong Nanthealth Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chan Soon-Shiong Nanthealth Foundation
The Chan Soon-Shiong Nanthealth Foundation is committed to engaging in continuous, active medical research in collaboration with hospitals. This organization's primary focus is on hospitals that fall under Section 501(c)(3) of the tax code, federal hospitals, or instrumentalities of a governmental unit referred to in Section 170(c)(1) of the code. The foundation is dedicated to the realm of research and technology development in personalized molecular medicine. This approach to healthcare involves tailoring decisions and practices to individual patients at the molecular level, aiming to address unmet medical needs. Essentially, the Chan Soon-Shiong Nanthealth Foundation seeks to revolutionize healthcare by providing customized treatments based on an individual's unique molecular profile.
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Impact
August, 2024
The Chan Soon-Shiong Nanthealth Foundation's impact is focused on engaging in continuous active medical research in conjunction with hospitals to advance personalized molecular medicine for the treatment of unmet medical needs. The organization collaborates with various clinical settings and hospitals, providing funding, data, expertise, and support services for research projects. Their efforts aim to drive innovations in healthcare by tailoring treatments to individual patients at the molecular level. They have been involved in significant research projects, such as exploring the use of MRIs and biomarkers in identifying appropriate treatments for patients with elevated PSA levels, particularly related to prostate cancer management. Their dedication to medical research and technology development underscores their commitment to addressing healthcare challenges and improving patient outcomes.
This information is meant to be a general summary of Chan Soon-Shiong Nanthealth 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: $49,958
- Gross Receipts: $49,958
Assets and Liabilities:
- Total Assets: $23,830,252
- Total Liabilities: $83,056
- Net Assets: $23,747,196
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Organization Details
Founding Year
2010
Phone
(310) 836-6400Principal Officer
Patrick Soon-Shiong
Main Address
2040 E MARIPOSA AVENUE, EL SEGUNDO, CA, 90245
NTEE Category
Code: H90 - Medical research
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