Overview
What is Altius Institute For Biomedical Sciences?
The Altius Institute for Biomedical Sciences is a nonprofit research organization based in Seattle, Washington, with a team of 156 employees. Their primary goal is to advance the field of gene regulation for the betterment of human health. Through their own laboratories and academic collaborations, they conduct extensive research in genetics, genomics, and biotechnology. Their research focuses on gaining a deeper understanding of human cell function in health and disease to develop innovative approaches for diagnosis and therapy. Altius' scientific expertise was leveraged during the pandemic, providing COVID-19 genetic testing services to governmental agencies and local educational organizations, while also conducting research on COVID-19 epidemiology and variants. Their unique scientific discovery environment fosters innovation, enabling scientists to move from ideas to data rapidly.
Official website here: www.altiusinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Altius Institute For Biomedical Sciences has earned a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial performance. The charity's overall score is entirely derived from its Accountability & Finance metrics, indicating a high level of transparency in its operations. With 75% of its board members being independent, the organization showcases a robust governance structure, further strengthened by its adherence to financial oversight and ethical practices.
The organization demonstrates excellent financial management, with a program expense ratio of 85.62%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, Altius has successfully avoided material diversions of assets and maintains a healthy liabilities to assets ratio of 33.29%. These metrics suggest a stable financial standing and prudent resource allocation.
However, the charity's fundraising efficiency ratio is notably low at $0.002, which may raise questions regarding its fundraising strategies and effectiveness in attracting donations. While the organization excels in many areas of financial accountability, this limitation indicates a potential need for improvement in its fundraising approaches to enhance overall financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Altius Institute For Biomedical Sciences legitimate?
Altius Institute For Biomedical Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altius Institute For Biomedical Sciences 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: $1,360,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,949,473
For more financial information, click here
Official website here: www.altiusinstitute.org
What is the mission statement of Altius Institute For Biomedical Sciences?
The Altius Institute for Biomedical Sciences is dedicated to advancing the field of gene regulation for the betterment of human health. Through the use of new technologies and approaches, Altius aims to illuminate cell and tissue functions in both healthy and diseased states. By fostering a scientific discovery environment designed for rapid innovation, Altius enables its scientists to transition from ideas to data more quickly than in any other academic or biotechnology setting. The institute continually strives to translate its data and technology into novel diagnostics, treatments, and strategies for improving human health.
Official website here: www.altiusinstitute.org
Who is the CEO of Altius Institute For Biomedical Sciences?
John Stamatoyannopoulos is the Scientific Director & Treasurer of Altius Institute For Biomedical Sciences.
Official website here: www.altiusinstitute.org
What is the revenue of Altius Institute For Biomedical Sciences?
Altius Institute For Biomedical Sciences's revenue in 2022 was $55,346,565.
Official website here: www.altiusinstitute.org
Who are the executives of Altius Institute For Biomedical Sciences and what are their salaries?
The average compensation at Altius Institute For Biomedical Sciences during 2022 was $98,141. There are 156 employees and 2 volunteers at Altius Institute For Biomedical Sciences.
Here are 11 key members and their salaries:
- Compensation: $879,375
- Related: $0
- Other: $45,921
- Compensation: $47,500
- Related: $0
- Other: $0
- Compensation: $47,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $278,333
- Related: $0
- Other: $61,856
- Compensation: $600,000
- Related: $0
- Other: $51,596
- Compensation: $534,375
- Related: $0
- Other: $42,245
- Compensation: $396,667
- Related: $0
- Other: $68,461
- Compensation: $309,375
- Related: $0
- Other: $56,854
- Compensation: $275,000
- Related: $0
- Other: $61,254
Official website here: www.altiusinstitute.org
Where can I find the form 990 for Altius Institute For Biomedical Sciences?
Altius Institute For Biomedical Sciences's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.altiusinstitute.org
Learn more at the official website: www.altiusinstitute.org
Mission Statement of Altius Institute For Biomedical Sciences
The Altius Institute for Biomedical Sciences, a pioneering nonprofit organization, is dedicated to propelling the field of gene regulation forward for the betterment of human health. By embracing innovative technologies and approaches, Altius aims to illuminate cell and tissue functions in both health and disease states.
In pursuit of its mission, Altius has established a cutting-edge scientific and technological discovery environment. This unique setting is designed to catalyze groundbreaking innovations, allowing its researchers to swiftly progress from ideas to data, surpassing the capabilities of any other academic or biotechnology setting.
Altius' ultimate objective is to translate its data and technology into novel methods for diagnosing and treating diseases and enhancing human health. This mission is underpinned by its commitment to radical advancements in biomedical discovery, making Altius a trailblazer in the realm of scientific research.
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Impact
October, 2024
Altius Institute For Biomedical Sciences significantly impacts human health by advancing the science of gene regulation. The institute conducts a robust program of basic science research in genetics, genomics, and biotechnology, primarily within its Seattle laboratories and in collaboration with major academic research hospitals.
Its mission focuses on enhancing our understanding of human cell function in both health and disease, paving the way for innovative diagnostic and therapeutic approaches. The institute employs cutting-edge technologies such as genetic and genomic analyses, genome engineering, and high-resolution cell imaging to reveal new insights into cellular responses, ultimately aiding in the discovery of new medicines.
During the COVID-19 pandemic, Altius leveraged its expertise to provide critical genetic testing services, facilitating community health responses and conducting research on viral epidemiology and variants in partnership with government and academic organizations. This proactive approach showcases Altius's commitment to applying its research for immediate community benefit while continuing to drive biomedical discovery and innovation. Through these efforts, Altius is not only pushing the frontiers of research but also translating its findings into practical applications that have a direct positive impact on public health.
This information is meant to be a general summary of Altius Institute For Biomedical Sciences. 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: -$128,964
- Program Service Revenue: $12,797,574
- Gross Receipts: $55,545,324
Assets and Liabilities:
- Total Assets: $39,729,559
- Total Liabilities: $13,226,158
- Net Assets: $26,503,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COVID LAB RESEARCH
Revenue
$12,535,074
COLLABORATE MILESTONE
Revenue
$262,500
Organization Details
Founding Year
2014
Phone
(206) 267-1091Principal Officer
John Stamatoyannopoulos
Main Address
2211 ELLIOTT AVENUE 600, SEATTLE, WA, 98121
Website
www.altiusinstitute.orgNTEE Category
Code: H20 - Medical research
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