Overview
What is The Oms Life Foundation?
The Oms Life Foundation, located in Cypress, Texas, is a dedicated nonprofit organization that focuses on advancing research and generating awareness about rare diseases. A significant aspect of their work involves managing the NORD OMS Patient Registry, which incurs necessary expenses. Beyond this, they offer various programs, such as providing a research grant for the Biobank Registry at Boston Children's Hospital. The foundation's mission is to actively contribute to the scientific community by promoting research and enhancing understanding of these uncommon health conditions to ultimately improve patient care and outcomes.
Official website here: www.omslifefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Oms Life Foundation has earned a Three-Star rating from Charity Navigator, showcasing a solid performance in its Accountability & Finance metrics. The organization has achieved an overall score of 83%, indicating a strong commitment to financial transparency and ethical practices. This rating is derived entirely from its Accountability & Finance score, which reflects a well-managed nonprofit.
Strengths of the Oms Life Foundation include having a fully independent board, with all members demonstrating a commitment to governance. The foundation has also shown responsible financial management, with a high program expense ratio of 95.13%, meaning that the majority of its resources are directed towards its mission-related programs. Additionally, the absence of material diversion of assets and a favorable ratio of liabilities to assets signal robust financial health.
However, the organization does have areas needing improvement, particularly in its governance policies. Notably, it lacks a Whistleblower Policy and a Document Retention and Destruction policy, which are critical for ensuring accountability and safeguarding organizational integrity. Overall, while the Oms Life Foundation demonstrates strong financial stewardship, addressing these policy gaps could enhance its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Oms Life Foundation legitimate?
The Oms Life Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Oms Life 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.omslifefoundation.org
What is the mission statement of The Oms Life Foundation?
The Oms Life Foundation's primary mission is focused on fostering research and increasing awareness about rare diseases. To accomplish this, the foundation manages the NORD OMS Patient Registry, incurring expenses associated with patient registries. Beyond this, the foundation offers various programs, including a research grant for the Biobank Registry at Boston Children's Hospital. The Oms Life Foundation's objective is to contribute significantly to the understanding and management of rare diseases through its initiatives.
Official website here: www.omslifefoundation.org
Who is the CEO of The Oms Life Foundation?
Mike C Michaelis is the President of The Oms Life Foundation.
Official website here: www.omslifefoundation.org
What is the revenue of The Oms Life Foundation?
The Oms Life Foundation's revenue in 2022 was $57,100.
Official website here: www.omslifefoundation.org
Who are the executives of The Oms Life Foundation and what are their salaries?
There 20 volunteers at The Oms Life Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.omslifefoundation.org
Where can I find the form 990 for The Oms Life Foundation?
The Oms Life Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omslifefoundation.org
Learn more at the official website: www.omslifefoundation.org
Mission Statement of The Oms Life Foundation
The Oms Life Foundation is dedicated to advancing research and fostering awareness regarding rare diseases. At the heart of its mission, the organization manages the NORD OMS Patient Registry, an initiative that requires substantial financial investment. Beyond this, The Oms Life Foundation extends its support through various programs, one of which is a research grant for the Biobank Registry at Boston Children's Hospital. By engaging in these initiatives, The Oms Life Foundation strives to make significant strides in the understanding and treatment of rare diseases.
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Impact
August, 2024
The Oms Life Foundation's impact lies in its promotion of research and awareness of rare diseases. By managing the NORD OMS Patient Registry and providing programs like a research grant for the Biobank Registry at Boston Children's Hospital, the foundation contributes significantly to advancing knowledge and understanding of these lesser-known illnesses. Additionally, its presence in Cypress, TX, serves as a hub for fostering collaboration and support in the realm of rare diseases.
This information is meant to be a general summary of The Oms Life 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.
- Gross Receipts: $57,112
Assets and Liabilities:
- Total Assets: $147,358
- Total Liabilities: $0
- Net Assets: $147,358
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Organization Details
Founding Year
2012
Principal Officer
Mike C Michaelis
Main Address
15715 Lake Loop Drive, Cypress, TX, 77433
Website
www.omslifefoundation.orgNTEE Category
Code: E86 - Health
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