Overview
What is The Sumaira Foundation Inc?
The Sumaira Foundation Inc, established as a 501(C)(3) organization, is primarily situated at 485 Foley Street, Somerville, Massachusetts 02145. Dedicated to Neuromyelitis Optica Spectrum Disorder (NMOSD), this nonprofit organization strives to generate global awareness, fund research for a potential cure, and cultivate a supportive community for patients and their caregivers. Their efforts are primarily funded through grants and various fundraising events.
Official website here: www.sumairafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Sumaira Foundation Inc has achieved a noteworthy Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial management. The rating, which stands at 96%, indicates that the foundation has made significant efforts to ensure transparency and effective use of resources. This score is entirely derived from accountability and finance metrics, highlighting the organization’s commitment to ethical practices and responsible financial stewardship.
Strengths of The Sumaira Foundation include its strong governance structure, with 60% of its board members being independent, and a comprehensive set of policies addressing conflict of interest, whistleblower protections, and document management. The foundation also received full marks for its audited financial statements and reported no material diversion of assets, underscoring its integrity and reliability as a nonprofit organization.
However, while the financial indicators are strong, the summary does not provide insights into the foundation's programmatic impact or outreach effectiveness. Focusing on both financial health and program outcomes could provide a more holistic view of the organization's overall effectiveness in fulfilling its mission. Nonetheless, the foundation's robust financial practices set a solid foundation for its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Sumaira Foundation Inc legitimate?
The Sumaira Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sumaira Foundation 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: $435,258
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sumairafoundation.org
What is the mission statement of The Sumaira Foundation Inc?
The Sumaira Foundation Inc, a 501(C)(3) organization, is dedicated to raising global awareness about Neuromyelitis Optica Spectrum Disorder (NMOSD), funding research to find a cure, and creating a supportive community for patients and their caregivers. They primarily achieve this through grants and fundraising events. The foundation aims to foster understanding and provide resources for individuals affected by NMOSD, serving as a reliable source of support for patients and healthcare providers. The organization's efforts focus on generating awareness, funding research, and establishing a network of support for those affected by NMOSD.
Official website here: www.sumairafoundation.org
Who is the CEO of The Sumaira Foundation Inc?
Sumaira Ahmed is the President of The Sumaira Foundation Inc.
Official website here: www.sumairafoundation.org
What is the revenue of The Sumaira Foundation Inc?
The Sumaira Foundation Inc's revenue in 2022 was $1,457,691.
Official website here: www.sumairafoundation.org
Who are the executives of The Sumaira Foundation Inc and what are their salaries?
There 4 volunteers at The Sumaira Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $224,539
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $210,719
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sumairafoundation.org
Where can I find the form 990 for The Sumaira Foundation Inc?
The Sumaira Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sumairafoundation.org
Learn more at the official website: www.sumairafoundation.org
Mission Statement of The Sumaira Foundation Inc
The Sumaira Foundation, Inc., a 501(c)(3) organization, is committed to raising global awareness about Neuromyelitis Optica Spectrum Disorder (NMOSD). Their mission extends beyond awareness, as they also aim to fund research to discover a cure for this condition. Additionally, they strive to create a supportive community for patients and their caregivers. The organization primarily relies on grants and fundraising events to accomplish these objectives.
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Impact
July, 2024
The Sumaira Foundation Inc's impact is significant in generating global awareness of Neuromyelitis Optica Spectrum Disorder (NMOSD) and funding research for the treatment of this disease. By raising funds and hosting events, the organization plays a crucial role in supporting research efforts aimed at finding a cure for NMOSD and Myelin Oligodendrocyte Glycoprotein Antibody Disease. Additionally, The Sumaira Foundation Inc creates a community of support for patients and their caregivers, providing valuable resources and a network of understanding. Through its dedication to medical research and patient advocacy, The Sumaira Foundation Inc is making a meaningful difference in the lives of those affected by NMOSD.
This information is meant to be a general summary of The Sumaira Foundation 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.
- Gross Receipts: $1,645,259
Assets and Liabilities:
- Total Assets: $457,112
- Total Liabilities: $224,218
- Net Assets: $232,894
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Organization Details
Founding Year
2014
Phone
(617) 842-9282Principal Officer
Sumaira Ahmed
Main Address
485 FOLEY ST 631, SOMERVILLE, MA, 02145
Website
www.sumairafoundation.orgNTEE Category
Code: H96 - Medical research
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