Overview
What is Mindspec Inc?
Mindspec Inc, located at 8280 Greensboro Drive 150, McLean, Virginia, is a nonprofit organization that specializes in the study of neurodevelopmental conditions, with a particular focus on autism. Their mission involves conducting meaningful, measurable research to discover and develop treatments that alleviate symptoms associated with these conditions. They utilize advanced bioinformatic tools and current technology platforms to create an unbiased, dynamic, and up-to-date view of autism research. Mindspec Inc collects and analyzes scientific literature on autism, organizes the information, and presents it in a publicly accessible web site. This nonprofit employs 12 individuals in its mission to advance the understanding and treatment of autism.
Official website here: www.mindspec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (56%)
Mindspec Inc has received a low rating of 56%, indicating significant concerns regarding its accountability and financial practices. The organization does not have any independent board members, which raises questions about governance and oversight. Additionally, the absence of financial statements and vital policies, such as a whistleblower policy and document retention protocols, further diminishes confidence in its operations.
The nonprofit does score well in certain areas such as its liabilities to assets ratio and program expense ratio, demonstrating some fiscal responsibility in those respects. However, the lack of transparency is notable, with missing documentation that is essential for public trust. The organization has also been rated poorly for not posting its tax form on its website, which is a standard practice for transparency in the nonprofit sector.
Overall, while Mindspec Inc has some strengths in financial ratios, the significant gaps in governance, reporting, and documentation ultimately hinder its credibility and effectiveness as a nonprofit organization. Potential donors and stakeholders may want to consider these factors carefully when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Mindspec Inc legitimate?
Mindspec Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mindspec 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: $222,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,770
For more financial information, click here
Official website here: www.mindspec.org
What is the mission statement of Mindspec Inc?
Mindspec Inc's mission is centered around conducting significant, quantifiable research into prevalent neurodevelopmental conditions, such as autism. The primary goal is to uncover and develop treatments that can alleviate the symptoms experienced by affected individuals. This research findings are then disseminated through an innovative, publicly accessible, web-based autism gene database, making advanced knowledge readily available. Utilizing advanced bioinformatic tools and current information technology platforms, Mindspec Inc strives to provide an unbiased, cutting-edge, dynamic, and up-to-date perspective on the entirety of autism research. The organization collects, analyzes, and presents scientific literature on autism, and then organizes and presents this integrated information on a publicly accessible website.
Official website here: www.mindspec.org
Who is the CEO of Mindspec Inc?
Sharmila B Basu is the President of Mindspec Inc.
Official website here: www.mindspec.org
What is the revenue of Mindspec Inc?
Mindspec Inc's revenue in 2022 was $695,426.
Official website here: www.mindspec.org
Who are the executives of Mindspec Inc and what are their salaries?
The average compensation at Mindspec Inc during 2022 was $36,777. There are 12 employees at Mindspec Inc.
Here are 4 key members and their salaries:
- Compensation: $218,050
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
Official website here: www.mindspec.org
Where can I find the form 990 for Mindspec Inc?
Mindspec Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mindspec.org
Learn more at the official website: www.mindspec.org
Mission Statement of Mindspec Inc
Mindspec Inc, a pioneering organization, is dedicated to conducting meaningful and measurable research into common neurodevelopmental conditions, such as autism. Their mission is twofold: firstly, to unearth potential treatments that can alleviate the symptoms experienced by those affected; and secondly, to disseminate the findings of this research through an innovative, web-based, publicly accessible autism gene database.
To achieve this mission, Mindspec Inc employs cutting-edge bioinformatic tools and contemporary information technology platforms, which have been successful in other fields. By doing so, they aim to create an unbiased, dynamic, and up-to-date perspective on the entire spectrum of autism research. This approach enables Mindspec Inc to collect, analyze, and present integrated information on autism in a comprehensive and easily accessible format on their public website.
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Impact
July, 2024
Mindspec Inc's impact lies in conducting meaningful and measurable research into common neurodevelopmental conditions, particularly autism. By fostering discovery and developing treatments that alleviate the symptoms of affected individuals, Mindspec Inc contributes significantly to advancing our understanding and management of autism. The organization's creation of a web-based, publicly available autism gene database provides a valuable resource for researchers, clinicians, and individuals affected by autism to access integrated information on the condition. Mindspec Inc's innovative use of bioinformatic tools and information technology platforms enhances their ability to present a comprehensive and current view of autism research, ultimately leading to progress in the field of medical research.
This information is meant to be a general summary of Mindspec 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: $298
- Program Service Revenue: $694,849
- Gross Receipts: $695,426
Assets and Liabilities:
- Total Assets: $921,345
- Total Liabilities: $3,843
- Net Assets: $917,502
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Autism Research
Revenue
$694,849
Organization Details
Founding Year
2006
Phone
(703) 863-2756Principal Officer
Sharmila B Basu
Main Address
8280 Greensboro Drive 150, Mclean, VA, 22102
Website
www.mindspec.orgNTEE Category
Code: H84 - Medical research
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