Overview
What is Bay Area Lyme Foundation?
Bay Area Lyme Foundation is a nonprofit organization based in Portola Valley, California, dedicated to accelerating the development of reliable diagnostic tools for Lyme disease and working towards a cure for late-stage Lyme through funding innovative scientific research. The foundation partners with leading researchers and institutions nationwide, focusing on well-designed projects with a rigorous screening and monitoring process to ensure efficient use of funds. In 2022, Bay Area Lyme Foundation funded 10 research grants, awarding $2,657,436 to various institutions across the country, with a significant focus on improving diagnostics, therapies, and prevention through education. Duke University and the lab of Dr. Charles Chiu at UCSF were among the grant recipients, contributing to ongoing Lyme disease research.
Official website here: www.bayarealyme.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Bay Area Lyme Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid overall score primarily based on its Accountability & Finance metrics. The organization demonstrates strong governance, with a majority of independent board members and comprehensive financial oversight, contributing to its high marks in several areas of accountability.
Strengths include an excellent program expense ratio, indicating that a significant portion of funds is directed towards its mission-related activities. The foundation maintains rigorous financial practices, such as having a conflict of interest policy and whistleblower protections, which further enhance its credibility and operational integrity.
However, some areas raise concerns, particularly in fundraising efficiency and working capital. The foundation reported very low fundraising efficiency, which may impact its sustainability and ability to grow its programs over time. Additionally, a relatively low working capital ratio suggests potential challenges in financial flexibility. Overall, while the foundation has a strong framework, these limitations indicate areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Area Lyme Foundation legitimate?
Bay Area Lyme Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Lyme 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: $122,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,572
For more financial information, click here
Official website here: www.bayarealyme.org
What is the mission statement of Bay Area Lyme Foundation?
The Bay Area Lyme Foundation's mission is twofold. Firstly, it aims to accelerate the development of reliable diagnostic tools for Lyme disease across all stages and find a cure for late-stage Lyme disease through funding innovative scientific research. Secondly, it strives to foster prevention through education and awareness building. The organization partners with leading researchers to support promising projects in Lyme disease research, ensuring funds are spent effectively on well-designed projects. In 2022, the foundation funded various grants, allocating a significant portion to improved diagnostics and therapies for Lyme disease and other tick-borne infections.
Official website here: www.bayarealyme.org
Who is the CEO of Bay Area Lyme Foundation?
Laure Woods Pres Director is the Executive Director/Secretary of Bay Area Lyme Foundation.
Official website here: www.bayarealyme.org
What is the revenue of Bay Area Lyme Foundation?
Bay Area Lyme Foundation's revenue in 2022 was $3,112,927.
Official website here: www.bayarealyme.org
Who are the executives of Bay Area Lyme Foundation and what are their salaries?
The average compensation at Bay Area Lyme Foundation during 2022 was $140,458. There are 2 employees and 15 volunteers at Bay Area Lyme Foundation.
Here are 5 key members and their salaries:
- Compensation: $249,000
- Related: $0
- Other: $9,879
- Compensation: $142,000
- Related: $0
- Other: $8,367
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bayarealyme.org
Where can I find the form 990 for Bay Area Lyme Foundation?
Bay Area Lyme Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayarealyme.org
Learn more at the official website: www.bayarealyme.org
Mission Statement of Bay Area Lyme Foundation
The Bay Area Lyme Foundation, an independent nonprofit organization, is dedicated to advancing the development of reliable diagnostic tools for Lyme disease across all stages and finding a cure for late-stage Lyme through funding innovative scientific research. This mission is twofold: firstly, the foundation aims to accelerate the creation of accurate diagnostic tools for Lyme disease and other tick-borne infections, and secondly, it strives to foster prevention through education and awareness-building.
To accomplish its mission, Bay Area Lyme partners with leading researchers and institutions nationwide, supporting projects that show promise in Lyme disease research. The organization employs a rigorous screening and monitoring process, grant contingencies, and project reporting to ensure that funds are effectively allocated and well-spent on well-designed research projects. In 2022, the foundation funded ten grants, averaging $266,000 per award, to various institutions across the country for a total of $2,657,436. The focus areas for these grants included improved diagnostics, therapy improvements, and ecology and awareness projects.
In particular, Bay Area Lyme awarded $857,268 to projects focused on improving Lyme disease diagnostics and other tick-borne infection diagnoses. Significant funding was also granted to projects aimed at enhancing Lyme disease therapies, totaling $1,696,936. Notably, Duke University received a grant of $725,876 for the late Dr. Neil Spector's Lyme disease research, while the lab of Dr. Charles Chiu received a grant of $1,047,721 for the establishment of the UCSF Lyme Clinical Trial Center. The 2022 Emerging Leader Awards, totaling $200,000, were awarded to diagnostic projects at Stanford University and Tufts University, further underscoring Bay Area Lyme's commitment to its mission.
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Impact
July, 2024
Bay Area Lyme Foundation's impact is significant in the fight against Lyme disease. Through funding innovative research projects, the foundation is accelerating the development of reliable diagnostic tools for all stages of Lyme disease and working towards finding a cure for late-stage Lyme. By partnering with leading researchers and institutions nationwide, Bay Area Lyme Foundation ensures that breakthroughs in Lyme disease research are effectively designed and funds are well spent. In 2022 alone, the foundation awarded grants totaling $2,657,436 to various institutions, with a focus on improving diagnostics, therapies, and raising awareness about Lyme disease. Notable projects funded include continuing the work of Dr. Neil Spector at Duke University and supporting the establishment of the UCSF Lyme Clinical Trial Center. Through these efforts, Bay Area Lyme Foundation is making a tangible impact in the battle against Lyme disease.
This information is meant to be a general summary of Bay Area Lyme 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: $49,919
- Gross Receipts: $3,606,750
Assets and Liabilities:
- Total Assets: $2,238,720
- Total Liabilities: $1,614,393
- Net Assets: $624,327
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Organization Details
Founding Year
2011
Phone
(650) 530-2439Principal Officer
Laure Woods Pres Director
Main Address
884 PORTOLA RD Suite A7, PORTOLA VALLEY, CA, 94028
Website
www.bayarealyme.orgNTEE Category
Code: T20 - Philanthropy
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