Overview
What is The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc?
The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc is a nonprofit organization based in Sunny Isles Beach, Florida. Their primary focus is on conducting medical research in collaboration with hospitals, aiming to discover, develop, or verify knowledge related to the causes, diagnosis, treatment, prevention, or control of diseases. In 2022, they did not generate revenue associated with these services. The organization operates directly and actively in medical research, with all their activities centered around this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
The Icahn Medical Research Foundation has received a rating of 64%, indicating room for improvement in its accountability and finance practices. The organization scored particularly well on its financial statements audit and demonstrated a high program expense ratio, suggesting that a significant percentage of its spending goes directly to its programs. However, the lack of independent board members raises concerns regarding governance and oversight.
In terms of compliance, the foundation has established several key policies, such as conflict of interest and whistleblower policies, which are essential for transparency and accountability. Nevertheless, the absence of an independent board and missing tax form postings on its website are notable weaknesses. These factors contribute to its overall lower score and suggest that the organization should enhance its governance practices to build stronger donor trust and improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc legitimate?
The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc 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: $2,699,133
For more financial information, click here
What is the mission statement of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc?
The Icahn Medical Research Foundation's mission, as stated, is to conduct medical research in collaboration with one or more hospitals. Their primary goal is to uncover, develop, or verify knowledge related to the causes, diagnosis, treatment, prevention, or control of diseases. The foundation actively engages in continuous medical research with Mount Sinai Hospital, focusing on discovering and advancing knowledge in the field. In 2022, the foundation did not generate revenue associated with these services.
Who is the CEO of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc?
Carl C Icahn is the President, Director of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc.
What is the revenue of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc?
The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc's revenue in 2022 was $1,891,008.
Who are the executives of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc and what are their salaries?
Here are 11 key members and their salaries:
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- Compensation: $160,604
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- Compensation: $106,613
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- Other: $9,000
- Compensation: $103,580
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- Other: $20,956
Where can I find the form 990 for The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc?
The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc
The Icahn Medical Research Foundation, an organization dedicated to medical advancements, collaborates with hospitals to conduct research aimed at treating and preventing diseases. Its mission is twofold: to discover, develop, or verify knowledge related to the causes, diagnosis, treatment, prevention, or control of diseases. By actively engaging in continuous medical research, the foundation seeks to contribute to the medical community's understanding of various health conditions. Notably, in 2022, the foundation did not generate revenue from these research services.
The Icahn Medical Research Foundation's partnership with hospitals serves as a significant platform for its work. By working closely with these institutions, it can leverage their resources and expertise to further its research objectives. The foundation's primary activity involves conducting research, with a focus on uncovering new insights and potential solutions for various health concerns. This mission is driven by a commitment to improving healthcare and addressing the complex challenges posed by diseases. The foundation's research activities are ongoing, reflecting its dedication to making a meaningful impact in the medical field.
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Impact
July, 2024
The Icahn Medical Research Foundation, operated by Icahn Associates Holding LLC, conducts medical research in collaboration with hospitals to discover, develop, or verify knowledge related to the causes, diagnosis, treatment, prevention, or control of disease. This research is actively conducted with Mount Sinai Hospital. The impact of the foundation's work is in advancing medical knowledge and potentially leading to improved treatments and prevention strategies for various diseases.
This information is meant to be a general summary of The Icahn Medical Research Foundation C/O Icahn Associates Holding Llc. 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: $1,105
- Gross Receipts: $1,891,008
Assets and Liabilities:
- Total Assets: $116,319,039
- Total Liabilities: $110,203,990
- Net Assets: $6,115,049
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Organization Details
Founding Year
2012
Phone
(305) 422-4000Principal Officer
Carl C Icahn
Main Address
16690 COLLINS AVE 12TH FLOOR, SUNNY ISLES BEACH, FL, 33160
NTEE Category
Code: E05 - Health
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