Overview
What is Institute For Basic And Applied Research In Surgery Inc?
Institute for Basic and Applied Research in Surgery Inc. is a renowned nonprofit organization based in Long Lake, Minnesota. Known for its significant contributions to surgery research, the institute supports and sponsors basic and applied research in 21 surgical subspecialties at nationally recognized academic surgery training programs. Notably, its Bariatric and Metabolism Surgery Research Center, under the direction of Dr. Henry Buchwald, played a crucial role in the largest research grant ever given by the National Institutes of Health (NIH), leading to improved health outcomes for obese patients worldwide. Additionally, the organization collaborates with various entities, such as the NFL Players Association, Living Heart Foundation, and Athletes Health, to provide medical screenings for NFL players. The institute also offers specialized training programs, like the Plastic and Reconstructive Surgery Fellowship, and conducts humanitarian missions in Guatemala to address medical needs. Overall, Institute for Basic and Applied Research in Surgery Inc. is committed to advancing surgical research and enhancing patient care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Institute For Basic And Applied Research In Surgery Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid 80% score primarily based on its accountability and finance practices. This rating indicates a well-managed organization that adheres to sound financial principles, which is essential for building trust with donors and stakeholders.
The organization demonstrates strong governance, with 83% of its board members being independent, ensuring objectivity in decision-making. It also maintains a low liabilities to assets ratio of 0.00%, indicating strong financial health. Additionally, the charity allocates a significant portion of its budget (84.41%) to program expenses, highlighting its commitment to its mission rather than administrative costs.
While the rating is positive, it is important to note that the overall score is derived solely from the Accountability & Finance beacon, suggesting a limited evaluation of other areas such as Impact or Leadership & Adaptability. This concentrated assessment may not provide a complete picture of the organization’s effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Basic And Applied Research In Surgery Inc legitimate?
Institute For Basic And Applied Research In Surgery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Basic And Applied Research In Surgery 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Institute For Basic And Applied Research In Surgery Inc?
The Institute For Basic And Applied Research In Surgery Inc's mission is to support promising young surgical investigators by providing additional research funding across North America. This organization focuses on funding and supporting research within various surgical subspecialty areas at nationally recognized academic surgery training programs. One notable achievement is the Bariatric and Metabolism Surgery Research Center, which contributed to significant reductions in morbidity and mortality for obese patients. The institute also collaborates with organizations like the NFL Players Association and Living Heart Foundation to provide medical screenings for NFL players. In addition, it conducts research into the degenerative effects of chronic brain injury and develops safer football helmets. The institute also offers a surgical fellowship training program in plastic and reconstructive surgery, focusing on advanced microsurgical repair. It also supports life-saving medical missions abroad and provides operational support for surgical residents.
Who is the CEO of Institute For Basic And Applied Research In Surgery Inc?
Sarah Kostial is the President of Institute For Basic And Applied Research In Surgery Inc.
What is the revenue of Institute For Basic And Applied Research In Surgery Inc?
Institute For Basic And Applied Research In Surgery Inc's revenue in 2022 was $69,681.
Who are the executives of Institute For Basic And Applied Research In Surgery Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $66,000
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Where can I find the form 990 for Institute For Basic And Applied Research In Surgery Inc?
Institute For Basic And Applied Research In Surgery Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute For Basic And Applied Research In Surgery Inc
The Institute for Basic and Applied Research in Surgery Inc, abbreviated as IBARS, is dedicated to providing additional research funding support to promising young surgical investigators across North America. Its mission is to promote, sponsor, and facilitate basic and applied research among surgical subspecialty areas at nationally recognized academic surgery training programs. IBARS focuses on supporting surgeons within the Department of Surgery at the University of Minnesota, Regions Hospital, St. Paul, MN; the VA Medical Center, Minneapolis, MN; and other outstanding academic surgical training programs throughout North America.
IBARS plays a significant role in advancing medical research, particularly in bariatric and metabolism surgery. Dr. Henry Buchwald's Bariatric and Metabolism Surgery Research Center serves as the research tail for the POSCH study, a large-scale research grant awarded by the National Institutes of Health (NIH). This research has led to significant reductions in morbidity and mortality for obese patients worldwide. Additionally, IBARS collaborates with the NFL/PA, Living Heart Foundation, and Athletes Health to conduct a medical screening program for NFL players, providing quarterly screenings and follow-up care.
IBARS also supports various surgical subspecialties, including plastic and reconstructive surgery. Dr. Umar Chaudry's Plastic and Reconstructive Surgery Program offers a three-year surgical fellowship training experience, focusing on microsurgical repair, limb, organ, facial reconstruction, and organ transplantation. The Metabolism Surgery Research Center, under the direction of Dr. Roderick Barker, conducts outstanding metabolism and wound healing research activities, integrating efforts with other departments to provide comprehensive research support.
In cooperation with local and international organizations, IBARS also carries out humanitarian missions, addressing medical and surgical needs in underserved communities, such as Guatemala. The International Humanitarian Surgical Team, under the direction of Dr. Warren Schubert and Mrs. Naomi Quillopa, RN, implements life-saving medical missions in the Philippines and other parts of the Far East. These humanitarian efforts are integral to the plastic and hand surgery training program at St. Paul Regions Hospital, providing opportunities for physicians and other healthcare professionals to make a meaningful impact on the lives of patients in need.
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Impact
August, 2024
Institute For Basic And Applied Research In Surgery Inc has had a significant impact in the field of surgery and medical research. They provide promising young surgical investigators with additional research funding support across North America.
One of their notable achievements is the Bariatric and Metabolism Surgery Research Center's involvement in the groundbreaking POSCH Study, which has led to significant improvements in the health outcomes of obese patients worldwide. Additionally, their collaboration with organizations like the National Football League Players Association and the Living Heart Foundation has resulted in essential medical screening programs for athletes, as well as research into the effects of chronic brain injury and the development of safer football helmets.
Their programs also encompass plastic and reconstructive surgery, metabolism and wound healing research, international humanitarian missions, organ transplantation, surgical oncology, and neurological research. These initiatives have not only advanced the knowledge and practice of surgery but have also improved the quality of life for countless individuals, including those in underserved communities.
Through their dedication to supporting surgical trainees and researchers, Institute For Basic And Applied Research In Surgery Inc continues to play a crucial role in advancing medical knowledge and providing innovative solutions to complex health challenges.
This information is meant to be a general summary of Institute For Basic And Applied Research In Surgery 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: $42,811
- Gross Receipts: $69,681
Assets and Liabilities:
- Total Assets: $1,800,136
- Total Liabilities: $0
- Net Assets: $1,800,136
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Organization Details
Founding Year
1984
Phone
(612) 751-9323Principal Officer
Sarah Kostial
Main Address
2095 DANIELS STREET SUITE 74, LONG LAKE, MN, 55356
NTEE Category
Code: G6BZ - Disease
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