Overview
What is Friends Research Institute Inc?
Friends Research Institute Inc, located in Baltimore, Maryland, is a nonprofit organization primarily dedicated to promoting health and well-being. They achieve this mission through research, grants administration, and treatment in the fields of medicine, mental health, and drug abuse. Funded by various federal government grants, their research studies aim to address a diverse range of objectives, as detailed in the grant documentation. The institute employs 77 individuals, demonstrating a significant commitment to their cause.
Official website here: www.friendsresearch.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that Friends Research Institute Inc has achieved a Four-Star out of Four Star rating, reflecting a high level of accountability and financial health. This score is based solely on their Accountability & Finance metrics, where the organization excelled, showcasing a commitment to responsible financial management and transparency.
The organization stands out with 100% of its board members being independent, which enhances its governance structure. It effectively maintains rigorous policies such as conflict of interest and whistleblower protections, further demonstrating its accountability. Additionally, there is no record of asset diversion, and the financial statements are overseen by an audit committee, showcasing strong internal controls.
However, while the financial stability is commendable, the overview does not provide insights into programmatic impact or service delivery effectiveness. The high program expense ratio of 76.65% suggests that a significant portion of resources is directed towards its programs, yet more information on outcomes and community impact would be beneficial for a complete assessment of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Research Institute Inc legitimate?
Friends Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Research 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: $795,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,016,079
For more financial information, click here
Official website here: www.friendsresearch.org
What is the mission statement of Friends Research Institute Inc?
The Friends Research Institute Inc is dedicated to enhancing health and well-being. They achieve this through conducting research, administering grants, and providing treatment. Their primary objective is to improve health and well-being by funding various medical, mental health, and drug abuse research studies, with the specifics of each study outlined in the grant documentation. The Institute's mission encompasses a holistic approach to health, focusing on research, grant administration, and treatment to foster a healthier society.
Official website here: www.friendsresearch.org
Who is the CEO of Friends Research Institute Inc?
Frank Vocci is the Chairman of Friends Research Institute Inc.
Official website here: www.friendsresearch.org
What is the revenue of Friends Research Institute Inc?
Friends Research Institute Inc's revenue in 2023 was $10,784,781.
Official website here: www.friendsresearch.org
Who are the executives of Friends Research Institute Inc and what are their salaries?
The average compensation at Friends Research Institute Inc during 2023 was $62,484. There are 77 employees at Friends Research Institute Inc.
Here are 20 key members and their salaries:
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- Other: $9,994
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- Compensation: $210,289
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- Other: $21,432
Official website here: www.friendsresearch.org
Where can I find the form 990 for Friends Research Institute Inc?
Friends Research Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.friendsresearch.org
Learn more at the official website: www.friendsresearch.org
Mission Statement of Friends Research Institute Inc
Friends Research Institute Inc, a research-focused nonprofit organization, strives to promote health and well-being for individuals and communities. Through the means of research, grants administration, and treatment, Friends Research Institute Inc works tirelessly to foster a better quality of life.
Their primary mission encompasses investigating various aspects of medical, mental health, and drug abuse conditions, with the aim of improving the understanding and treatment of these issues. These research studies are funded by various federal government grants, with the objectives of each study carefully detailed in the grant documentation.
In essence, Friends Research Institute Inc serves as a beacon of hope for those seeking advancements in health and well-being, leveraging the power of research, grants administration, and treatment to pave the way for a healthier future.
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Impact
June, 2024
Friends Research Institute Inc's impact is significant in promoting health and well-being through research, treatment, and grants administration. Its focus on medical, mental health, and drug abuse research studies funded by various federal government grants contributes to advancing knowledge and improving interventions in these critical areas. By conducting research and providing treatment services, Friends Research Institute Inc plays a crucial role in addressing mental health challenges and substance abuse issues, ultimately benefiting individuals and communities.
This information is meant to be a general summary of Friends Research 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 2023.
- Investment Income: $136,361
- Program Service Revenue: $4,352,744
- Gross Receipts: $11,327,524
Assets and Liabilities:
- Total Assets: $6,513,614
- Total Liabilities: $1,815,525
- Net Assets: $4,698,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS AND STUDIES
Revenue
$4,252,900
CONSULTING SERVICES
Revenue
$99,844
Organization Details
Founding Year
1955
Phone
(410) 837-3977Principal Officer
Frank Vocci
Main Address
1040 PARK AVENUE SUITE 103, BALTIMORE, MD, 21201
Website
www.friendsresearch.orgNTEE Category
Code: F050 - Mental health
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