Overview
What is Wicell Research Institute Inc?
Wicell Research Institute Inc, situated in Madison, Wisconsin, is a distinguished nonprofit organization dedicated to advancing stem cell technology research at the University of Wisconsin-Madison. Their primary goal is to develop and disseminate stem cell applications globally, aiming to contribute to diagnosing, treating, or preventing diseases, as well as repairing or replacing defective or injured body parts or systems. The institute accepts stem cell deposits from other academic institutions, characterizes these cells, and distributes them to the research community. In 2009, Wicell introduced a core service program to ensure that UW stem cell researchers have access to necessary supplies for their research. The institute's operations include a laboratory located in the UW Research Park, used for cell distribution, core services, and characterization activities.
Official website here: www.wicell.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Needs Improvement (Two Stars)**
Wicell Research Institute Inc has received a Two-Star out of Four Star rating from Charity Navigator, signaling the need for improvement, particularly in the accountability and finance segments. With a score of 73%, the organization demonstrates strengths in governance, as evidenced by an independent board comprising 87% members. While it has established various policies, including conflict of interest and whistleblower protections, the lack of financial statements is a significant drawback that limits transparency.
The financial health of Wicell is somewhat encouraging, with a liabilities-to-assets ratio of 17.53% and a program expense ratio of 63.69%. These figures indicate a reasonable balance between operational costs and program spending. However, the organization has yet to demonstrate measurable impact and adaptability, which are critical for assessing long-term effectiveness and community engagement.
User reviews from GreatNonprofits could not be fetched, so insights from their platform remain unavailable. Overall, Wicell's operational transparency and financial governance show some promise, but clarity on impact measurement and community engagement is essential for improving its public perception and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wicell Research Institute Inc legitimate?
Wicell Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wicell Research Institute 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: $365,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,438,891
For more financial information, click here
Official website here: www.wicell.org
What is the mission statement of Wicell Research Institute Inc?
The Wicell Research Institute's primary mission is to support research in stem cell technologies at the University of Wisconsin-Madison and develop applications of stem cells globally. The institute accepts deposits from various academic institutions into its stem cell bank repository, characterizes, and distributes the stem cell lines to the research community. The objective of the research conducted by Wicell and other institutions is to eventually utilize stem cells for diagnosing, treating, or preventing diseases, and repairing or replacing defective or injured body parts or systems. In addition, Wicell operates a laboratory for cell distribution, core services, and characterization services activities. In 2009, the institute launched a core service program to ensure that UW stem cell researchers receive necessary supplies for their research.
Official website here: www.wicell.org
Who is the CEO of Wicell Research Institute Inc?
Robert Drape is the Chief Executive Officer of Wicell Research Institute Inc. The CEO's salary of Wicell Research Institute Inc is $276,093 and their total compensation is $324,513.
Official website here: www.wicell.org
What is the revenue of Wicell Research Institute Inc?
Wicell Research Institute Inc's revenue in 2023 was $7,838,212.
Official website here: www.wicell.org
Who are the executives of Wicell Research Institute Inc and what are their salaries?
The average compensation at Wicell Research Institute Inc during 2023 was $62,327. There are 45 employees at Wicell Research Institute Inc.
Here are 12 key members and their salaries (Wicell Research Institute Inc's CEO's salary is $276,093 and their total compensation is $324,513):
- Compensation: $276,093
- Related: $0
- Other: $48,420
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $188,330
- Related: $0
- Other: $29,606
- Compensation: $153,518
- Related: $0
- Other: $45,787
Official website here: www.wicell.org
Where can I find the form 990 for Wicell Research Institute Inc?
Wicell Research Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wicell.org
Learn more at the official website: www.wicell.org
Mission Statement of Wicell Research Institute Inc
Wicell Research Institute, a prominent organization, is primarily dedicated to supporting stem cell technology research at the University of Wisconsin-Madison. Beyond this, the institution aims to develop stem cell applications globally. Wicell accepts deposits from various academic institutions, characterizes the stem cell lines, and distributes them to the research community, contributing to the broader scientific community. Additionally, the institute operates a laboratory for cell distribution, core services, and characterization services activities. In 2009, Wicell introduced a core service program to ensure that University of Wisconsin stem cell researchers receive essential supplies necessary for their work. The ultimate objective of Wicell's efforts is to utilize stem cells for diagnosing, treating, or preventing diseases, as well as repairing or replacing defective or injured body parts or systems. This work also seeks to enhance our understanding of early human development.
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Impact
July, 2024
Wicell Research Institute Inc's impact can be seen in its support for stem cell technology research at the University of Wisconsin-Madison and the development of stem cell applications worldwide. By operating a laboratory in the UW Research Park for cell distribution, core services, and characterization activities, Wicell plays a crucial role in advancing scientific research aimed at using stem cells to diagnose, treat, or prevent diseases. Additionally, Wicell's stem cell bank repository allows for the deposit, characterization, and distribution of cell lines to the research community, further fostering innovation and collaboration in the field of regenerative medicine. Through its core service program established in 2009, Wicell ensures that UW stem cell researchers have access to the necessary supplies for their research, thereby facilitating breakthroughs in understanding human development and potentially enabling the repair or replacement of damaged body parts. In essence, Wicell Research Institute Inc's work transcends boundaries and contributes significantly to the progress of medical research and the potential for transformative treatments in the future.
This information is meant to be a general summary of Wicell Research Institute 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 2023.
- Investment Income: $26,408
- Program Service Revenue: $7,810,753
- Gross Receipts: $7,838,212
Assets and Liabilities:
- Total Assets: $6,085,759
- Total Liabilities: $1,067,374
- Net Assets: $5,018,385
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WICELL STEM CELL BANK
Revenue
$3,849,511
CHARACTERIZATION SERVICES
Revenue
$3,616,206
CORE SERVICES
Revenue
$345,036
Organization Details
Founding Year
1999
Phone
(608) 316-4717Principal Officer
Robert Drape
Main Address
504 S ROSA ROAD 101, MADISON, WI, 537077365
Website
www.wicell.orgNTEE Category
Code: H90 - Medical research
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