Overview
What is Sparrow Clinical Research Institute?
Sparrow Clinical Research Institute, located at 1200 E Michigan Avenue Suite 550, Lansing, MI 48912, is a dedicated medical research organization with a charitable purpose. It operates in collaboration with non-profit 501(C)(3) hospitals, actively conducting continuous medical research. The institute's primary mission is to administer funds, furthering the charitable objectives of the corporation. Currently, it is engaged in a research study titled "ANT 006 - RIVAROXABAN COMPARED TO ABELAC FOR ATRIAL FIBRILLATION", contributing to the advancement of medical knowledge and healthcare. The institute employs a team of nine individuals, all committed to this noble cause.
Official website here: www.sparrow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Sparrow Clinical Research Institute has received a Two-Star rating from Charity Navigator, indicating a score of 66% based solely on its Accountability & Finance metrics. This rating suggests some concerns regarding governance and board independence, as the organization scored zero on both the majority independent board members and independent board size measures. However, it did receive full points on several important governance practices, such as conflict of interest and whistleblower policies.
The organization demonstrates strengths in financial oversight, including a solid score for its audit and oversight committee and a strong program expense ratio. These factors indicate that Sparrow Clinical Research Institute allocates a significant portion of its resources toward its programmatic activities, which is a positive aspect of its financial management.
Nonetheless, the organization’s liabilities to assets ratio and transparency measures, such as not posting its tax form on its website, raise red flags. These limitations, particularly in board composition and financial transparency, may affect potential donors' confidence in the nonprofit's operations and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Sparrow Clinical Research Institute legitimate?
Sparrow Clinical Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sparrow Clinical Research Institute 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: $66,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,644
For more financial information, click here
Official website here: www.sparrow.org
What is the mission statement of Sparrow Clinical Research Institute?
The Sparrow Clinical Research Institute operates as a medical research organization, actively engaged in the continuous conduct of medical research. It collaborates with non-profit 501(C)(3) hospitals, aiming to further the charitable purpose of the corporation by administering funds. The primary objective of the institute is to contribute to the advancement of medical knowledge through ongoing research.
Official website here: www.sparrow.org
What is the revenue of Sparrow Clinical Research Institute?
Sparrow Clinical Research Institute's revenue in 2023 was $582,246.
Official website here: www.sparrow.org
Who are the executives of Sparrow Clinical Research Institute and what are their salaries?
The average compensation at Sparrow Clinical Research Institute during 2023 was $61,238.
Here are 7 key members and their salaries:
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Official website here: www.sparrow.org
Where can I find the form 990 for Sparrow Clinical Research Institute?
Sparrow Clinical Research Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sparrow.org
Learn more at the official website: www.sparrow.org
Mission Statement of Sparrow Clinical Research Institute
Sparrow Clinical Research Institute, as a medical research organization, is principally engaged in the continuous and active conduct of medical research. This mission is carried out in collaboration with any non-profit 501(C)(3) hospital, with the ultimate goal of furthering the charitable purpose of the corporation. The institute administers funds to support this research endeavor, contributing to advancements in medical knowledge and potentially improving patient care.
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Impact
July, 2024
Sparrow Clinical Research Institute's impact is significant in the field of medical research, particularly in the continuous and active conduct of research related to various medical conditions. By operating directly in conjunction with nonprofit hospitals and administering funds to further their charitable purposes, Sparrow Clinical Research Institute plays a crucial role in advancing medical knowledge and improving healthcare outcomes. Their specific activities, such as the ANT 006 - RIVAROXABAN COMPARED TO ABELAC FOR ATRIAL FIBRILLATION study, demonstrate their commitment to conducting research that can potentially lead to medical advancements and better treatments for patients. The institute's focus on medical research underscores their dedication to contributing valuable insights to the healthcare industry.
This information is meant to be a general summary of Sparrow Clinical Research Institute. 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 2023.
- Investment Income: $5,679
- Program Service Revenue: $562,356
- Gross Receipts: $582,246
Assets and Liabilities:
- Total Assets: $1,120,377
- Total Liabilities: $1,943,447
- Net Assets: -$823,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND REVENUE
Revenue
$562,356
Organization Details
Founding Year
1992
Principal Officer
Theodore Glynn Md
Website
www.sparrow.orgNTEE Category
Code: H90 - Medical research
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