Overview
What is The California Medical Innovations Institute Inc?
The California Medical Innovations Institute Inc, situated in San Diego, California, is a research-focused nonprofit organization. Their mission is to tackle significant health care challenges, particularly heart and vascular disease, obesity, and metabolic disorders. They achieve this by integrating physical and life science researchers, clinicians, engineers, and computational scientists in a collaborative environment. Their work involves a multi-scale understanding of organ systems, employing both experimental and computational disciplines. In the realm of heart failure, they've made strides in diagnostic and therapeutic approaches. Furthermore, they've made significant progress in understanding and treating vascular disease, including next-generation diagnostics for coronary and peripheral artery disease and therapies for neo-vascularization of veins. The Institute's research team regularly shares their findings through public presentations, lectures, publications, and similar programs. Word count: 120
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating
The California Medical Innovations Institute Inc has received a rating of 64% from Charity Navigator, indicating a two-star status. This score reflects its performance in accountability and finance, with notable strengths in financial transparency and adherence to policies like conflict of interest and whistleblower protections. However, the organization struggles with board independence and size, which detracts from its overall governance rating.
While the organization excels in maintaining audited financial statements and has shown no material diversion of assets, it falls short in several key areas of accountability. The absence of independent board members and the lack of a published tax form on its website raises concerns about its governance practices. Furthermore, the liabilities to assets ratio suggests potential financial vulnerability.
Despite these challenges, the California Medical Innovations Institute shows commitment to its mission through a solid program expense ratio, ensuring that funds are directed toward its initiatives. Addressing governance issues could enhance its operational effectiveness and donor confidence in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The California Medical Innovations Institute Inc legitimate?
The California Medical Innovations Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The California Medical Innovations Institute 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: $618,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,288,306
For more financial information, click here
What is the mission statement of The California Medical Innovations Institute Inc?
The California Medical Innovations Institute Inc is a research-focused organization with a mission to combat significant health challenges, specifically heart and vascular disease, obesity, and metabolic disorders. They achieve this by bringing together physical and life science researchers, clinicians, engineers, and computational scientists in a collaborative environment. The institute's research approach is multidisciplinary, utilizing both experimental and computational disciplines. The experimental approach dissects biological systems into molecular, cellular, and tissue components, while the computational approach synthesizes these parts using principles of physics and chemistry to understand the whole organ system. The Institute's ultimate goal is to advance human health and disease understanding.
Who is the CEO of The California Medical Innovations Institute Inc?
Ghassan Kassab is the Chairman of The California Medical Innovations Institute Inc.
What is the revenue of The California Medical Innovations Institute Inc?
The California Medical Innovations Institute Inc's revenue in 2022 was $4,347,402.
Who are the executives of The California Medical Innovations Institute Inc and what are their salaries?
The average compensation at The California Medical Innovations Institute Inc during 2022 was $45,392. There are 42 employees at The California Medical Innovations Institute Inc.
Here are 7 key members and their salaries:
- Compensation: $198,972
- Related: $0
- Other: $46,351
- Compensation: $190,099
- Related: $0
- Other: $33,090
- Compensation: $118,176
- Related: $0
- Other: $31,465
- Compensation: $119,431
- Related: $0
- Other: $23,764
- Compensation: $102,142
- Related: $0
- Other: $29,830
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The California Medical Innovations Institute Inc?
The California Medical Innovations Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The California Medical Innovations Institute Inc
The California Medical Innovations Institute, a distinguished scientific research center, is committed to conducting both fundamental and applied research aimed at enhancing our understanding of human diseases, specifically heart and vascular disease, obesity, and metabolic disorders. The Institute fosters a collaborative and innovative research environment, bringing together experts from various disciplines, including physical and life science researchers, clinicians, engineers, and computational scientists. This multi-disciplinary approach allows for a comprehensive understanding of these health challenges by dissecting them at the molecular, cellular, and tissue levels using the experimental reductionist approach, and synthesizing the parts using computational methods that integrate the laws of physics and chemistry to grasp the whole organ system. By adopting this innovative and collaborative approach, the California Medical Innovations Institute strives to advance human health and contribute to the discovery of novel solutions to significant health care problems.
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Impact
July, 2024
The California Medical Innovations Institute Inc has had a significant impact in advancing the understanding and treatment of heart and vascular diseases. Through their research and collaborative approach involving physical and life science researchers, clinicians, engineers, and computational scientists, the Institute has made substantial progress in developing diagnostic and therapeutic approaches for heart failure. They have also made significant advancements in the understanding and treatment of vascular diseases, including Next Generation diagnostics for coronary and peripheral artery disease, as well as therapeutics for neovascularization of veins. Additionally, their work on biomaterial tissue constructs to replace arteries or veins, and percutaneous prosthetic venous valves for chronic venous insufficiency, demonstrates their commitment to improving human health through innovative research.
This information is meant to be a general summary of The California Medical Innovations Institute 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.
- Program Service Revenue: $660,737
- Gross Receipts: $4,347,402
Assets and Liabilities:
- Total Assets: $3,274,586
- Total Liabilities: $3,217,580
- Net Assets: $57,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$20,673
FELLOWSHIP REVENUE
Revenue
$45,674
VENDOR SERVICES
Revenue
$594,390
Organization Details
Founding Year
2013
Phone
(858) 249-7407Principal Officer
Ghassan Kassab
Main Address
11107 ROSELLE STREET 211, SAN DIEGO, CA, 92121
NTEE Category
Code: B99 - Education
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