Overview
What is Tissue Bank Asbestos Research Charitable Trust?
The Tissue Bank Asbestos Research Charitable Trust is a dedicated nonprofit organization situated in Lanham, Maryland. Their main objective is to safeguard and improve the health and well-being of their membership. Through their mission, they aim to stimulate and finance research that strives to discover a cure and develop treatments for mesothelioma and other asbestos-related diseases. The primary focus of this charitable trust is to achieve the goal of reducing the devastating impact of these diseases and, eventually, finding a cure for the ailments linked to asbestos exposure.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Tissue Bank Asbestos Research Charitable Trust has received a low rating of 52%, earning it a One-Star status primarily due to concerns surrounding its accountability and financial practices. The overall score is based entirely on a single beacon score focused on Accountability & Finance, where the organization has significant shortcomings, particularly in governance and transparency.
One notable area of weakness is the lack of independent board members, scoring 0% in this category, which raises potential questions about oversight and decision-making within the organization. Additionally, several essential policies, such as a conflict of interest policy and a whistleblower policy, are missing, reflecting a lack of established safeguards that could protect the organization and its stakeholders.
On a positive note, the organization has demonstrated sound financial management with a 0.00% liabilities to assets ratio, indicating that it is not currently in debt. Furthermore, it has maintained a reasonable program expense ratio of 58.15%, suggesting a commitment to its mission despite the governance and transparency issues that need to be addressed.
This AI summary has been generated from information found on Charity Navigator.
Is Tissue Bank Asbestos Research Charitable Trust legitimate?
Tissue Bank Asbestos Research Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tissue Bank Asbestos Research Charitable Trust 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: $0
For more financial information, click here
What is the mission statement of Tissue Bank Asbestos Research Charitable Trust?
The Tissue Bank Asbestos Research Charitable Trust, as a non-profit organization, is committed to promoting and funding research aimed at discovering a cure and developing treatments for mesothelioma and other asbestos-related diseases. Their primary mission is to reduce the devastating impact of these diseases and ultimately find a cure, as exposure to asbestos often leads to severe health complications. The trust works towards safeguarding and improving the health and well-being of its membership, contributing to the scientific community and potentially saving countless lives.
Who is the CEO of Tissue Bank Asbestos Research Charitable Trust?
Terrance Larkin is the Trustee of Tissue Bank Asbestos Research Charitable Trust.
What is the revenue of Tissue Bank Asbestos Research Charitable Trust?
Tissue Bank Asbestos Research Charitable Trust's revenue in 2022 was $1,398,052.
Who are the executives of Tissue Bank Asbestos Research Charitable Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $365,787
- Other: $13,570
- Compensation: $0
- Related: $232,502
- Other: $23,289
- Compensation: $0
- Related: $281,070
- Other: $35,254
- Compensation: $0
- Related: $257,703
- Other: $29,334
Where can I find the form 990 for Tissue Bank Asbestos Research Charitable Trust?
Tissue Bank Asbestos Research Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tissue Bank Asbestos Research Charitable Trust
Tissue Bank Asbestos Research Charitable Trust, a non-profit organization, is dedicated to promoting and funding research aimed at finding a cure and developing treatments for mesothelioma and other asbestos-related diseases. Their primary mission is to significantly reduce the devastating impact of these diseases associated with asbestos exposure and ultimately aim to discover a cure. This trust is committed to protecting and enhancing the health and well-being of its membership, contributing to the betterment of those affected by these asbestos-related diseases.
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Impact
October, 2024
The Tissue Bank Asbestos Research Charitable Trust plays a crucial role in advancing medical research focused on mesothelioma and other diseases associated with asbestos exposure. By promoting and funding research initiatives, the organization aims to develop effective treatments and, ultimately, a cure for these devastating conditions.
Through its efforts, the Trust not only supports scientific inquiry but also enhances the health and well-being of individuals affected by asbestos-related diseases. By fostering collaboration among researchers and healthcare professionals, the Trust contributes to a deeper understanding of these illnesses, paving the way for improved patient outcomes. Its commitment to reducing the impact of asbestos-related diseases reflects a targeted approach to addressing a significant public health issue, making a meaningful difference in the lives of those affected and their families.
This information is meant to be a general summary of Tissue Bank Asbestos Research Charitable Trust. 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: $184,176
- Program Service Revenue: $1,213,476
- Gross Receipts: $3,083,732
Assets and Liabilities:
- Total Assets: $9,400,428
- Total Liabilities: $0
- Net Assets: $9,400,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERS DUES AND ASSESSMENTS
Revenue
$1,213,476
Organization Details
Founding Year
2013
Phone
(301) 731-9101Principal Officer
Terrance Larkin
Main Address
9602 MARTIN LUTHER KING JR HWY, LANHAM, MD, 20706
NTEE Category
Code: H45 - Medical research
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