Overview
What is The Foundation For Embryonic Competence Inc?
The Foundation for Embryonic Competence Inc., established in 2013, is a New Jersey-based nonprofit organization located at 140 Allen Road, Basking Ridge. Their mission revolves around advancing knowledge and improving outcomes in embryonic research, diagnosis, and education. The foundation accomplishes this through various activities, such as providing enhanced embryonic diagnostic testing services, sponsoring research into new diagnostics and technologies, and offering continuing medical education and graduate fellowship education related to their mission. Their primary goal is to improve the likelihood of having a baby unaffected by genetic conditions for individuals with a known genetic condition, as well as supporting research and educational initiatives to advance the field of embryonic competence globally. The organization, with a workforce of 26 individuals, strives to provide a clear pathway to improved clinical outcomes and reduced complications for In Vitro Fertilization (IVF) patients.
Official website here: www.feclabs.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 2 Stars (Needs Improvement)**
The Foundation For Embryonic Competence Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization needs improvement. The rating is based on an Accountability & Finance score of 73%. While the charity boasts a fully independent board and high program expense ratio of 89.25%, it lacks several key financial documents and policies, such as a whistleblower policy and documentation retention protocols, which have negatively impacted its overall score.
The organization demonstrates some strengths, including good governance with all board members being independent and a low liabilities-to-assets ratio, signaling sound financial management. However, the absence of critical financial transparency measures raises concerns regarding its accountability practices. This gap in available financial documentation could hinder potential donors' confidence in the organization's operations.
Unfortunately, user reviews from GreatNonprofits could not be accessed, limiting insights into public sentiment. As such, while the organization's financial health appears managed, stakeholders might benefit from improved transparency and adherence to best practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Embryonic Competence Inc legitimate?
The Foundation For Embryonic Competence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Embryonic Competence 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: $297,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,432
For more financial information, click here
Official website here: www.feclabs.org
What is the mission statement of The Foundation For Embryonic Competence Inc?
The Foundation for Embryonic Competence Inc, originally known as The Foundation for the Assessment and Enhancement of Embryonic Competence Inc, is an organization dedicated to advancing knowledge and improving outcomes in embryonic research, diagnosis, and education. They achieve this mission through various activities, including providing broad access to single gene disorder diagnostics for individuals with a known genetic condition. This allows them to evaluate their embryos, potentially increasing the likelihood of having a baby unaffected by the genetic condition.
In addition, the foundation sponsors research that advances the field of embryonic competence, aiming to provide a clear pathway to improved clinical outcomes and reduced complications for IVF patients. They also support continuing medical education, graduate-level educational initiatives, and other educational activities to enhance our understanding and application of embryonic diagnostics worldwide.
Official website here: www.feclabs.org
What is the revenue of The Foundation For Embryonic Competence Inc?
The Foundation For Embryonic Competence Inc's revenue in 2023 was -$3,532,420.
Official website here: www.feclabs.org
Who are the executives of The Foundation For Embryonic Competence Inc and what are their salaries?
The average compensation at The Foundation For Embryonic Competence Inc during 2023 was $82,761. There are 6 employees at The Foundation For Embryonic Competence Inc.
Here are 7 key members and their salaries:
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- Compensation: $273,750
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Official website here: www.feclabs.org
Where can I find the form 990 for The Foundation For Embryonic Competence Inc?
The Foundation For Embryonic Competence Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.feclabs.org
Learn more at the official website: www.feclabs.org
Mission Statement of The Foundation For Embryonic Competence Inc
The Foundation for Embryonic Competence Inc, originally known as The Foundation for the Assessment and Enhancement of Embryonic Competence Inc, is a non-profit organization with a mission to advance knowledge and enhance outcomes in embryonic research, diagnosis, and education. This mission is carried out through various activities, primarily focused on providing broad access to single gene disorder diagnostics. The goal is to enable individuals with a known genetic condition to evaluate their embryos, improving their likelihood of having a baby unaffected by the genetic disorder.
In addition to this, The Foundation for Embryonic Competence Inc sponsors research that advances the field of embryonic competence, aiming to provide a clear pathway to improved clinical outcomes and reduced complications for In Vitro Fertilization (IVF) patients. The organization also supports continuing medical education (CME), graduate-level educational initiatives, and other educational activities to advance our understanding and the application of embryonic diagnostics worldwide. By doing so, The Foundation for Embryonic Competence Inc contributes to the betterment of embryonic research and diagnosis, ultimately improving the chances of successful and healthy pregnancies for individuals with genetic conditions.
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Impact
July, 2024
The Foundation For Embryonic Competence Inc is dedicated to advancing knowledge and enhancing outcomes in embryonic research, diagnosis, and education. Their impact can be seen through the enhanced embryo diagnostic testing services they provide, along with sponsoring and issuing grants for research into new diagnostics and technologies. Additionally, they offer continuing medical education and graduate fellowship education related to their mission, ultimately contributing to the advancement of the field of embryonic competence. Through their work, they support broader access to single gene disorder diagnostics, sponsor research that improves clinical outcomes for IVF patients, and promote educational initiatives to enhance our understanding and application of embryonic diagnostics worldwide.
This information is meant to be a general summary of The Foundation For Embryonic Competence 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 2023.
- Investment Income: $183,831
- Program Service Revenue: $2,893,746
- Gross Receipts: $901,980
Assets and Liabilities:
- Total Assets: $16,430,730
- Total Liabilities: $365,526
- Net Assets: $16,065,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMBRYO DIAG TESTING
Revenue
$2,893,746
Organization Details
Founding Year
2013
Principal Officer
Chaim G Jalas
Website
www.feclabs.orgNTEE Category
Code: H20 - Medical research
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