Overview
What is Igem Foundation Inc?
Igem Foundation Inc, based in Cambridge, Massachusetts, is a nonprofit organization dedicated to fostering scientific research and education in the field of synthetic biology. They accomplish this through the organization and operation of the International Genetically Engineered Machine (iGEM) Competition, the premier student synthetic biology competition. Additionally, Igem Foundation Inc maintains the Registry of Standard Biological Parts, a community collection of biological components, to further promote research and education. The organization encourages collaboration and open community among students, practitioners, and industry professionals in schools, laboratories, research institutes, and industries. With a mission to advance synthetic biology and education, Igem Foundation Inc has a rich history of engaging students and the public in this innovative field.
Official website here: www.igem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Igem Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. With an overall score of 88%, the organization demonstrates strong governance practices, including a fully independent board and effective financial oversight mechanisms. The high program expense ratio of 74.16% suggests that a significant portion of their funds is directed towards their programs.
However, there are some areas for improvement identified in their evaluation. The foundation lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring transparency and accountability. Additionally, the absence of their tax form on the nonprofit's website may hinder public access to important financial information.
In summary, while the Igem Foundation Inc showcases commendable financial practices and governance, addressing the noted limitations could enhance its overall transparency and trustworthiness in the eyes of stakeholders and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Igem Foundation Inc legitimate?
Igem Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Igem Foundation 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: $382,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,982
For more financial information, click here
Official website here: www.igem.org
What is the mission statement of Igem Foundation Inc?
The Igem Foundation Inc is committed to promoting education and competition in the field of synthetic biology. They achieve this by organizing and operating the Igem Competition, the premier student synthetic biology competition. Additionally, the foundation establishes and operates the Registry of Standard Biological Parts, a community collection of biological components. The organization fosters scientific research and education by developing an open community of students and practitioners in various educational institutions and industries. The Igem Foundation has a history of involving students and the public in the development of synthetic biology, contributing significantly to the advancement of this new field.
Official website here: www.igem.org
Who is the CEO of Igem Foundation Inc?
Randall Rettberg is the Ceo/President/Director of Igem Foundation Inc. The CEO's salary of Igem Foundation Inc is $236,554 and their total compensation is $236,737.
Official website here: www.igem.org
What is the revenue of Igem Foundation Inc?
Igem Foundation Inc's revenue in 2022 was $5,016,663.
Official website here: www.igem.org
Who are the executives of Igem Foundation Inc and what are their salaries?
The average compensation at Igem Foundation Inc during 2022 was $68,409. There are 13 employees and 6 volunteers at Igem Foundation Inc.
Here are 8 key members and their salaries (Igem Foundation Inc's CEO's salary is $236,554 and their total compensation is $236,737):
- Compensation: $236,554
- Related: $0
- Other: $183
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $145,787
- Related: $0
- Other: $2,369
Official website here: www.igem.org
Where can I find the form 990 for Igem Foundation Inc?
Igem Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.igem.org
Learn more at the official website: www.igem.org
Mission Statement of Igem Foundation Inc
The Igem Foundation Inc, dedicated to education and competition, strives to advance synthetic biology and foster an open community and collaboration. It achieves this mission by organizing and operating the Igem Competition, the premier student synthetic biology competition. This event serves as a platform for scientific research and education, drawing students and the public into the development of synthetic biology.
In addition to the competition, the foundation establishes and operates the Registry of Standard Biological Parts, a community collection of biological components. This resource promotes scientific research and education by providing a shared pool of biological components for researchers and students in various institutions, including schools, laboratories, research institutes, and industry.
The Igem Foundation Inc also develops an open community of students and practitioners in the field of synthetic biology. By promoting collaboration and openness, the organization aims to accelerate the advancement of science and education in this emerging field. The Igem community has a rich history of involving students and the public in the development of synthetic biology, contributing to its growth and broader understanding.
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Impact
July, 2024
The impact of the iGEM Foundation Inc is significant in the field of synthetic biology and scientific research. Through organizing the iGEM competition, a premier student synthetic biology competition, the organization provides a platform for students to showcase their skills, creativity, and innovation in this cutting-edge field.
Additionally, by establishing and operating the Registry of Standard Biological Parts, a community collection of biological components, iGEM Foundation Inc contributes to the advancement of synthetic biology research and education. This resource enables researchers and students to access standardized biological parts, facilitating collaboration and accelerating progress in the field.
Moreover, iGEM Foundation Inc's emphasis on developing an open community of students and practitioners in schools, laboratories, research institutes, and industry promotes knowledge sharing, networking, and collective learning. By involving students and the public in the development of synthetic biology, the organization contributes to the growth and awareness of this emerging scientific discipline.
Overall, the iGEM Foundation Inc's dedication to education, competition, and the development of an open community in the field of synthetic biology has a positive impact on scientific research, innovation, and collaboration.
This information is meant to be a general summary of Igem Foundation 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: $17,344
- Program Service Revenue: $4,345,699
- Gross Receipts: $5,016,663
Assets and Liabilities:
- Total Assets: $2,021,042
- Total Liabilities: $456,051
- Net Assets: $1,564,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGREM FEES
Revenue
$3,898,699
SPONSOR REVENUE
Revenue
$447,000
Organization Details
Founding Year
2011
Phone
(617) 500-3106Principal Officer
Randall Rettberg
Main Address
45 PROSPECT STREET, CAMBRIDGE, MA, 02139
Website
www.igem.orgNTEE Category
Code: U03 - Science research
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