Overview
What is Cray Medical Research Foundation?
The Cray Medical Research Foundation is a nonprofit organization that is dedicated to conducting extensive, long-term research on diabetes mellitus in collaboration with the University of Kansas Medical Center. As a medical research foundation, their primary objective, as outlined in the Internal Revenue Code (IRC) section 170 (b) (1) (a) (iii), is to contribute to the field of medical research, specifically focusing on diabetes mellitus. Their mission is to provide this research over an extended period, contributing to a better understanding and potential advancements in the treatment and management of diabetes.
What are the reviews and ratings of this charity?
Charity Navigator rating: 72%, Two-Star out of Four Star rating.
The Cray Medical Research Foundation has received a Two-Star rating, indicating some areas of concern despite strengths in governance and financial practices. The organization showcases a fully independent board and demonstrates strong accountability, with no material diversions of assets and a solid liability to assets ratio. The foundation has a conflict of interest policy in place and regularly documents board meeting minutes, which speaks to its commitment to transparency.
However, the organization falls short in terms of fundraising efficiency and program expense ratio, scoring only 14 out of 25 for program expenses, which suggests that a significant portion of funds may not be directed towards its core mission. Additionally, while the fundraising efficiency ratio is noted to be $0.00, this raises questions about how effectively the foundation is bringing in resources for its initiatives. Overall, while there are commendable aspects of accountability and structure, potential donors might want to consider these limitations before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Cray Medical Research Foundation legitimate?
Cray Medical Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cray Medical Research 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,150
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What is the mission statement of Cray Medical Research Foundation?
The Cray Medical Research Foundation, as a medical research foundation, is dedicated to conducting long-term research on diabetes mellitus. In collaboration with the University of Kansas Medical Center, their mission is to provide this research for an extended period. According to Internal Revenue Code Section 170 (b) (1) (a) (iii), this organization is established for the purpose of conducting medical research. Their primary focus is on diabetes mellitus, aiming to contribute to the understanding and potential advancements in the field.
Who is the CEO of Cray Medical Research Foundation?
Karen Seaberg is the Director of Cray Medical Research Foundation.
What is the revenue of Cray Medical Research Foundation?
Cray Medical Research Foundation's revenue in 2022 was $2,306,810.
Who are the executives of Cray Medical Research Foundation and what are their salaries?
The average compensation at Cray Medical Research Foundation during 2022 was $4,012. There are 13 employees at Cray Medical Research Foundation.
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Where can I find the form 990 for Cray Medical Research Foundation?
Cray Medical Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cray Medical Research Foundation
The Cray Medical Research Foundation, as a recognized medical research foundation, is dedicated to conducting long-term studies on diabetes mellitus. In line with its mission, it collaborates with the University of Kansas Medical Center to provide extensive research in this field. The organization's primary objective is to contribute to the advancement of diabetes mellitus research for an indefinite period, as outlined in the Internal Revenue Code section 170 (b) (1) (a) (iii).
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Impact
October, 2024
The Cray Medical Research Foundation significantly advances the understanding of diabetes mellitus through long-term research initiatives. Collaborating with the University of Kansas Medical Center, the foundation focuses on comprehensive studies that aim to uncover new insights into diabetes management and treatment. By fostering rigorous research, the foundation contributes to the development of innovative therapies and strategies that can improve patient outcomes and enhance the quality of life for individuals affected by this chronic condition. Its commitment to long-term research ensures that findings will deepen the medical community's understanding of diabetes and lead to impactful advancements in healthcare.
This information is meant to be a general summary of Cray Medical Research 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: $648,067
- Gross Receipts: $3,798,124
Assets and Liabilities:
- Total Assets: $6,569,072
- Total Liabilities: $7,413
- Net Assets: $6,561,659
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Organization Details
Founding Year
1981
Phone
(913) 367-1480Principal Officer
Karen Seaberg
Main Address
221 NORTH 6TH STREET, ATCHISON, KS, 66002
NTEE Category
Code: H800 - Medical research
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