Overview
What is The Lam Foundation?
The Lam Foundation, based in Cincinnati, Ohio, serves as a dedicated nonprofit organization. Its primary mission revolves around addressing Lymphangioleiomyomatosis (LAM), a rare and often life-threatening lung disease. In 2022, the foundation granted $410,000 to support five innovative research projects aimed at finding better treatments and, ultimately, a cure for LAM. The organization also hosts events like the International LAM Research Conference, where leading scientists, researchers, and clinicians share their latest advancements in LAM science. The LAM Foundation Early Career Network (TEN) is another initiative, providing a platform for young investigators to collaborate and discuss their LAM research and career goals. This network fosters a sense of community and encourages the next generation of LAM researchers.
Official website here: www.thelamfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Lam Foundation has achieved an exceptional rating of 100%, signifying a strong commitment to accountability and finance. This rating is exclusively derived from its impeccable score in the Accountability & Finance category, which highlights the organization's transparency, efficient use of funds, and strong governance structures, including a fully independent board and effective oversight mechanisms.
User feedback consistently praises the foundation for its invaluable support and resources, particularly for those diagnosed with Lymphangioleiomyomatosis (LAM). Many clients have expressed profound gratitude for the emotional and informational support provided, as well as the foundation's efforts in connecting patients with knowledgeable medical professionals. The foundation's initiatives, such as the LAMposium, offer opportunities for education and community building, which are vital for individuals facing this rare disease.
While the foundation is recognized for its strengths, some limitations are inherent due to the rarity of LAM itself, which results in a small patient population. Nonetheless, the overwhelming sentiment from users is one of hope and appreciation for the foundation's role in advocating for research and treatment options, making it a critical resource for those affected by LAM.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Lam Foundation?
94% of reviewers on Facebook recommend The Lam Foundation. Here is a summary of their reviews:
Many users appreciate the organization for its supportive role in connecting patients, families, and healthcare providers. The foundation is praised for its mission to enhance the quality of life for individuals affected by LAM, indicating that it effectively addresses the needs of those it serves.
Overall, the sentiment is overwhelmingly positive, with contributors highlighting the foundation's dedication to improving patient experiences and fostering a sense of community among those impacted by LAM. This suggests that The Lam Foundation is making a meaningful impact in the lives of patients and their families.
This AI summary has been generated from reviews found on Facebook.
Is The Lam Foundation legitimate?
The Lam Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lam 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: $208,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $394,119
For more financial information, click here
Official website here: www.thelamfoundation.org
What is the mission statement of The Lam Foundation?
The Lam Foundation is committed to finding safe and effective treatments and, ultimately, a cure for LAM. This non-profit organization actively funds research in this area, as demonstrated by the $410,000 awarded for five new projects in 2022. The International LAM Research Conference, hosted by the organization, showcases the latest advancements in LAM science, attracting over 100 prominent scientists, researchers, and clinicians. The LAM Foundation also encourages young investigators through the establishment of the Early Career Network (TEN), providing a platform for them to discuss their LAM research and career goals.
Official website here: www.thelamfoundation.org
Who is the CEO of The Lam Foundation?
Susan Sherman is the Ceo of The Lam Foundation. The CEO's salary of The Lam Foundation is $202,970 and their total compensation is $208,958.
Official website here: www.thelamfoundation.org
What is the revenue of The Lam Foundation?
The Lam Foundation's revenue in 2022 was $1,571,673.
Official website here: www.thelamfoundation.org
Who are the executives of The Lam Foundation and what are their salaries?
The average compensation at The Lam Foundation during 2022 was $86,154. There are 7 employees and 100 volunteers at The Lam Foundation.
Here are 15 key members and their salaries (The Lam Foundation's CEO's salary is $202,970 and their total compensation is $208,958):
- Compensation: $202,970
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Official website here: www.thelamfoundation.org
Where can I find the form 990 for The Lam Foundation?
The Lam Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelamfoundation.org
Learn more at the official website: www.thelamfoundation.org
Mission Statement of The Lam Foundation
The Lam Foundation, a dedicated organization, is committed to an urgent mission: to discover safe and effective treatments and ultimately find a cure for LAM. This rare and life-threatening lung disease affects women primarily, making the foundation's work of paramount importance. The organization funds research projects, investing $410,000 in five new projects in 2022 alone. Their efforts extend beyond financial support, as they also provide a platform for young investigators to discuss their LAM research and career goals through the LAM Foundation Early Career Network (TEN). This independent platform fosters collaboration and knowledge exchange, accelerating the pursuit of a cure for LAM. The foundation's commitment to research is further demonstrated by hosting the International LAM Research Conference, showcasing the latest innovations in LAM science and providing a forum for leading-edge scientists, early career researchers, and clinicians. Overall, The Lam Foundation is relentless in its pursuit of a cure for LAM, investing in research, supporting young investigators, and fostering a collaborative environment in the scientific community.
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Impact
October, 2024
The Lam Foundation plays a critical role in advancing research and treatment options for Lymphangioleiomyomatosis (LAM). In 2022, it awarded $410,000 to support five innovative research projects, significantly contributing to the scientific understanding of the disease. The foundation also hosted the International LAM Research Conference, which brought together 102 distinguished scientists, early career researchers, and clinicians to share the latest breakthroughs in LAM science.
At this conference, a poster reception highlighted 39 research initiatives, fostering collaboration and knowledge exchange among the scientific community. To further bolster emerging talent in LAM research, The Lam Foundation established the Early Career Network (TEN), offering young investigators a platform to discuss their research ambitions and career goals. Through these initiatives, The Lam Foundation not only drives forward the search for effective treatments and a potential cure but also nurtures the next generation of researchers dedicated to advancing knowledge in this area.
This information is meant to be a general summary of The Lam 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: $5,832
- Program Service Revenue: $156,627
- Gross Receipts: $1,571,673
Assets and Liabilities:
- Total Assets: $2,903,030
- Total Liabilities: $306,334
- Net Assets: $2,596,696
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Registration
Revenue
$156,627
Organization Details
Founding Year
1995
Phone
(513) 777-6889Principal Officer
Susan Sherman
Main Address
4520 Cooper Road 300, Cincinnati, OH, 45242
Website
www.thelamfoundation.orgNTEE Category
Code: T30 - Philanthropy
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