Overview
What is Arhealth Ventures Inc?
Arhealth Ventures Inc, based in Little Rock, Arkansas, is a nonprofit organization with a focus on supporting the University of Arkansas for Medical Sciences (UAMS) in its operations, management, and commercialization of medical, pharmaceutical, life science, and healthcare-related innovations, discoveries, inventions, processes, and information. Specifically, they manage a technology incubator building and certain intellectual property assets, all with the objective of enhancing the health, healthcare, and well-being of Arkansans. By providing resources to selected businesses in line with UAMS's mission, Arhealth Ventures Inc aims to contribute to the improvement of healthcare in Arkansas through education, patient care, and research programs.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates that Arhealth Ventures Inc has a solid performance in terms of accountability and finance, reflected in its Three-Star out of Four Star rating. This score is primarily based on its strong governance practices, including a fully independent board and a high score for audit oversight.
The organization demonstrates a commitment to transparency, with no material diversion of assets and an established conflict of interest policy. Additionally, the lack of liabilities highlights its financial stability. However, the absence of a whistleblower policy and document retention guidelines could be viewed as weaknesses in its governance framework.
While the program expense ratio of 64.30% suggests that a significant portion of its budget is directed towards programmatic activities, there is room for improvement in this area as well. Overall, Arhealth Ventures Inc is positioned as a responsible organization with strong financial practices but should address its governance shortcomings to enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Arhealth Ventures Inc legitimate?
Arhealth Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arhealth Ventures 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $448,188
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What is the mission statement of Arhealth Ventures Inc?
Arhealth Ventures Inc's mission is centered around providing resources to businesses aligned with the mission of the University of Arkansas for Medical Sciences (UAMS). The objective is to enhance the health, healthcare, and well-being of people in Arkansas. This is achieved through UAMS's education, patient care, and research programs. Arhealth Ventures Inc supports UAMS in managing and commercializing medical, pharmaceutical, life science, and healthcare-related innovations, discoveries, inventions, processes, and information. This includes managing a technology incubator building and specific intellectual property assets.
Who is the CEO of Arhealth Ventures Inc?
Amanda George is the Vice Chairma of Arhealth Ventures Inc.
What is the revenue of Arhealth Ventures Inc?
Arhealth Ventures Inc's revenue in 2022 was $2,822,318.
Who are the executives of Arhealth Ventures Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Arhealth Ventures Inc?
Arhealth Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arhealth Ventures Inc
Arhealth Ventures Inc, as a resource provider, is dedicated to supporting businesses that align with the mission of the University of Arkansas for Medical Sciences (UAMS), a division of the University of Arkansas. Their primary objective is to enhance the health, healthcare, and well-being of Arkansans through educational, patient care, and research programs. In order to achieve this, Arhealth Ventures Inc assists UAMS in managing and commercializing medical, pharmaceutical, life science, and healthcare-related innovations, discoveries, inventions, processes, and information. This support extends to the management of a technology incubator building and specified intellectual property assets. By doing so, Arhealth Ventures Inc plays a crucial role in fostering advancements in healthcare and improving the overall well-being of the people of Arkansas.
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Impact
July, 2024
Arhealth Ventures Inc supports the University of Arkansas for Medical Sciences in improving the health, health care, and well-being of Arkansans through its education, patient care, and research programs. The organization focuses on managing and commercializing medical, pharmaceutical, life science, and healthcare-related innovations, discoveries, inventions, processes, and information. By operating a technology incubator building and managing specified intellectual property assets, Arhealth Ventures Inc plays a crucial role in advancing healthcare innovation and contributing to the overall well-being of the community.
This information is meant to be a general summary of Arhealth Ventures 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: $59,831
- Program Service Revenue: $1,702,235
- Gross Receipts: $2,822,318
Assets and Liabilities:
- Total Assets: $7,787,879
- Total Liabilities: $0
- Net Assets: $7,787,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTIES
Revenue
$1,597,745
RENTAL INCOME
Revenue
$104,490
Organization Details
Founding Year
2012
Principal Officer
Amanda George
Main Address
4301 WEST MARKHAM ST SLOT 632, LITTLE ROCK, AR, 72205
NTEE Category
Code: E12 - Health
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