Overview
What is Clayton Medical Research Foundation Inc?
Clayton Medical Research Foundation Inc, located in Carson City, Nevada, is a charitable non-profit organization established to support medical and scientific research. Their primary mission, as a supporting entity of the Clayton Foundation, is to fund research aimed at discovering the causes, prevention, and cure of various diseases for the betterment of humanity. The Foundation achieves this by funding projects at the University of California, San Diego, focusing on developing compounds for cancer therapy. These compounds are synthesized with proteins and toxins, targeting cancer stem cells and hormones, specifically for ovarian tumors and other epithelial tumors. Patent applications have been filed for these technologies, with collaborations established for drug development and manufacturing.
Is Clayton Medical Research Foundation Inc legitimate?
Clayton Medical Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clayton Medical Research 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: $76,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Clayton Medical Research Foundation Inc?
The Clayton Medical Research Foundation Inc, functioning as a supporting organization to the Clayton Foundation for Research, was established with a charitable purpose. Its primary mission is to financially back medical research aimed at identifying the causes, prevention, and potential cures for various diseases, benefiting humanity as a whole. The secondary objective of the Foundation is to translate these research discoveries from the lab into practical applications, such as developing drugs or other products, through patenting and licensing the technology to Clayton's other supporting entities for public use.
What is the revenue of Clayton Medical Research Foundation Inc?
Clayton Medical Research Foundation Inc's revenue in 2023 was $2,839,778.
Who are the executives of Clayton Medical Research Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $13,813
- Related: $649,643
- Other: $97,800
- Compensation: $13,813
- Related: $649,643
- Other: $97,800
- Compensation: $13,813
- Related: $649,643
- Other: $97,800
- Compensation: $9,920
- Related: $490,166
- Other: $88,019
- Compensation: $13,813
- Related: $331,493
- Other: $50,086
- Compensation: $11,479
- Related: $275,483
- Other: $16,600
- Compensation: $0
- Related: $210,000
- Other: $81,846
- Compensation: $0
- Related: $113,678
- Other: $39,925
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Clayton Medical Research Foundation Inc?
Clayton Medical Research Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Clayton Medical Research Foundation Inc
The Clayton Medical Research Foundation Inc, as a charitable organization, was established with a primary mission to support medical and scientific research. Acting as a supporting entity to the Clayton Foundation for Research, its primary goal is to finance investigations aimed at discovering the causes, prevention, and potential cures for various diseases. The Foundation's secondary mission extends beyond the research lab, focusing on translating these discoveries into practical applications for the general public. This is achieved by patenting and licensing the resulting technology, enabling the development of drugs or other products that can benefit mankind. In essence, the Clayton Medical Research Foundation Inc plays a crucial role in bridging the gap between scientific discoveries and real-world applications, ultimately working towards improving human health.
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Impact
October, 2024
Clayton Medical Research Foundation Inc significantly advances the field of medical research, particularly in cancer therapy. Through its Tumor Targeting Toxins grant to the University of California, San Diego, the foundation supports groundbreaking research aimed at discovering and developing innovative compounds designed for more effective cancer treatments. This initiative focuses on creating compounds that utilize proteins linked by a sortase reaction, which enhances their potential efficacy against ovarian and other epithelial tumors.
By backing research that develops cancer stem cell and hormone-targeting ligands coupled with toxins, the foundation is at the forefront of exploring targeted therapies that could revolutionize how cancer is treated. The patent applications filed for these technologies demonstrate a commitment to safeguarding intellectual property, ensuring that successful innovations can transition from laboratory research to practical applications. Collaborations with scientists, commercial entities, and consultants further amplify the impact of their initiatives, facilitating the manufacturing and development of drugs for human cancer indications.
Ultimately, the foundation’s mission to fund medical research and transform laboratory discoveries into accessible treatments not only contributes to the global fight against cancer but also enhances the overall health and wellbeing of mankind. Through these efforts, Clayton Medical Research Foundation Inc plays a crucial role in shaping the future of medical advancements.
This information is meant to be a general summary of Clayton Medical Research 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 2023.
- Investment Income: $1,873,578
- Gross Receipts: $10,076,839
Assets and Liabilities:
- Total Assets: $77,997,012
- Total Liabilities: $2,351,890
- Net Assets: $75,645,122
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Organization Details
Founding Year
1989
Principal Officer
Robert M Wallace
NTEE Category
Code: H30 - Medical research
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