Overview
What is Lumind Idsc Foundation?
Lumind Idsc Foundation is a nonprofit organization situated in Burlington, Massachusetts. Their primary mission is to accelerate research aimed at enhancing the availability of therapeutic, diagnostic, and medical care options for individuals with Down syndrome. This, in turn, aims to improve their health and independence. The foundation also empowers families by providing them with education, connections, and support. Their Community Research Program encourages research awareness, participation, and empowers families with resources, medical information, and research participation opportunities. This includes supporting the IDSC's My Down Syndrome Community Platform (MyDSC). With a staff of 21 individuals, Lumind Idsc Foundation is dedicated to positively impacting the lives of individuals with Down syndrome and their families.
Official website here: www.lumindrds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Lumind Idsc Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance with a fully independent board and no reported material diversion of assets. Highlights include high scores for their financial statements and adherence to conflict of interest and whistleblower policies, which points to a commitment to transparency and ethical operations.
The foundation excels in its program expense ratio, dedicating a significant portion of its funds to its mission-related activities, which is crucial for nonprofit effectiveness. Its fundraising efficiency is also commendable, indicating that it can generate funds effectively with minimal expenses. However, the organization's liabilities to assets ratio and working capital ratio suggest potential financial vulnerabilities and may require attention to ensure long-term stability.
While Lumind Idsc Foundation has solid financial practices and governance, the lower scores in some financial ratios indicate that they may face challenges in managing their liabilities effectively. Stakeholders and potential donors should consider these aspects when evaluating the organization's overall financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lumind Idsc Foundation legitimate?
Lumind Idsc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lumind Idsc 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: $907,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $911,951
For more financial information, click here
Official website here: www.lumindrds.org
What is the mission statement of Lumind Idsc Foundation?
The Lumind Idsc Foundation's mission is centered around accelerating research to expand the availability of therapeutic, diagnostic, and medical care options for individuals with Down Syndrome. This aims to enhance their health and promote independence. Furthermore, the foundation seeks to empower families by providing education, fostering connections, and offering support. They achieve this through various initiatives, including a community research program that raises awareness and encourages participation in research, as well as by equipping families with resources, medical information, and opportunities for research participation. This is further supported by the Idsc's My Down Syndrome Community Platform (MyDSC), which may involve associated costs.
Official website here: www.lumindrds.org
Who is the CEO of Lumind Idsc Foundation?
Hampus Hillerstrom is the President And Ceo of Lumind Idsc Foundation. The CEO's salary of Lumind Idsc Foundation is $318,264 and their total compensation is $342,309.
Official website here: www.lumindrds.org
What is the revenue of Lumind Idsc Foundation?
Lumind Idsc Foundation's revenue in 2022 was $2,742,364.
Official website here: www.lumindrds.org
Who are the executives of Lumind Idsc Foundation and what are their salaries?
The average compensation at Lumind Idsc Foundation during 2022 was $86,638. There are 21 employees and 50 volunteers at Lumind Idsc Foundation.
Here are 15 key members and their salaries (Lumind Idsc Foundation's CEO's salary is $318,264 and their total compensation is $342,309):
- Compensation: $318,264
- Related: $0
- Other: $24,045
- Compensation: $211,409
- Related: $0
- Other: $24,045
- Compensation: $213,833
- Related: $0
- Other: $0
- Compensation: $163,933
- Related: $0
- Other: $24,045
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.lumindrds.org
Where can I find the form 990 for Lumind Idsc Foundation?
Lumind Idsc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lumindrds.org
Learn more at the official website: www.lumindrds.org
Mission Statement of Lumind Idsc Foundation
The Lumind IDSC Foundation, with a mission to stand out, is dedicated to accelerating research that aims to increase the availability of therapeutic, diagnostic, and medical care options for individuals with Down syndrome. The ultimate goal is to enhance their health and promote independence. Alongside this, the foundation seeks to empower families by providing them with education, connections, and support. This mission is carried out through various initiatives, such as the Community Research Program, which aims to raise awareness about research, encourage participation, and offer families resources, medical information, and opportunities to participate in research. The foundation also maintains the IDSC's My Down Syndrome Community Platform (MYDSC), which incurs associated costs.
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Impact
July, 2024
Lumind Idsc Foundation accelerates research to enhance therapeutic, diagnostic, and medical care options for individuals with Down syndrome. This work aims to improve the health and independence of people with Down syndrome, while also empowering families through education, connections, and support. Their community research program raises awareness and encourages active participation in research. Additionally, the foundation provides resources, medical information, and research participation opportunities to families. Through initiatives like the My Down Syndrome Community platform, Lumind Idsc Foundation is making a significant impact in advancing research and support for individuals with Down syndrome and their families.
This information is meant to be a general summary of Lumind Idsc 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: $2,465
- Gross Receipts: $2,830,368
Assets and Liabilities:
- Total Assets: $2,166,575
- Total Liabilities: $720,107
- Net Assets: $1,446,468
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Organization Details
Founding Year
2003
Principal Officer
Hampus Hillerstrom
Main Address
20 BURLINGTON MALL ROAD STE 200, BURLINGTON, MA, 01803
Website
www.lumindrds.orgNTEE Category
Code: G25 - Disease
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