Overview
What is Foundation For Chemistry Research And Initiatives?
The Foundation for Chemistry Research and Initiatives is a nonprofit organization located in Washington D.C. Their primary mission is to advance the understanding, safe use, and positive impact of chemistry on society. They achieve this by providing information and participating in education to promote safe chemistry production, distribution, and use. The foundation also supports and promotes scientific research for science-based public policy in chemical management. Furthermore, they champion initiatives that demonstrate chemistry's contributions and benefits to society. The organization has supported research in areas such as microplastics and formaldehyde, contributing to several peer-reviewed publications.
Official website here: www.foundationforchemistry.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 69% (Two-Star out of Four Star rating)
The Foundation For Chemistry Research And Initiatives has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations. While the organization scores exceptionally well in Accountability & Finance, achieving a perfect 100%, it falls short in key governance areas, particularly in board independence and the presence of essential policies such as conflict of interest and whistleblower protections.
Despite its strong program expense ratio of 97.24%, reflecting a commitment to its core mission, the foundation's lack of independent board members and missing policies highlight significant governance weaknesses. The absence of independent oversight may raise concerns about transparency and accountability, which are crucial for stakeholder trust.
Moving forward, the organization has the opportunity to bolster its governance practices by addressing these shortcomings. By implementing necessary policies and increasing board independence, the Foundation For Chemistry Research And Initiatives can improve its overall rating and enhance its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Chemistry Research And Initiatives legitimate?
Foundation For Chemistry Research And Initiatives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Chemistry Research And Initiatives 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundationforchemistry.org
What is the mission statement of Foundation For Chemistry Research And Initiatives?
The Foundation for Chemistry Research and Initiatives aims to enhance the understanding, safe usage, and positive impact of chemistry on society. To accomplish this mission, the foundation supports several goals. Firstly, it participates in education and provides information promoting the safe production, distribution, and use of chemistry. Secondly, it supports and advocates for scientific research to develop science-based public policies for chemicals management. Lastly, it backs initiatives that demonstrate chemistry's contributions and benefits to society. The foundation's activities are geared towards promoting the responsible and beneficial application of chemistry in various sectors.
Official website here: www.foundationforchemistry.org
What is the revenue of Foundation For Chemistry Research And Initiatives?
Foundation For Chemistry Research And Initiatives's revenue in 2023 was $741,004.
Official website here: www.foundationforchemistry.org
Who are the executives of Foundation For Chemistry Research And Initiatives and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $329,380
- Other: $71,703
- Compensation: $0
- Related: $239,678
- Other: $43,986
- Compensation: $0
- Related: $272,711
- Other: $71,759
- Compensation: $0
- Related: $318,199
- Other: $77,313
- Compensation: $0
- Related: $675,295
- Other: $100,280
- Compensation: $0
- Related: $294,168
- Other: $65,676
- Compensation: $0
- Related: $148,468
- Other: $27,487
Official website here: www.foundationforchemistry.org
Where can I find the form 990 for Foundation For Chemistry Research And Initiatives?
Foundation For Chemistry Research And Initiatives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundationforchemistry.org
Learn more at the official website: www.foundationforchemistry.org
Mission Statement of Foundation For Chemistry Research And Initiatives
The Foundation for Chemistry Research and Initiatives is committed to advancing the understanding, safe use, and positive impact of chemistry in society. To accomplish this mission, the organization focuses on three primary goals. First, it provides information and participates in education that promotes the safe production, distribution, and use of chemistry. This involves engaging in activities that raise awareness and encourage responsible practices in the chemical industry.
Second, the Foundation supports and promotes scientific research for science-based public policy in chemical management. By investing in research, the organization aims to inform policy decisions that ensure the safe and effective use of chemicals, protecting both human health and the environment.
Third, the Foundation supports initiatives demonstrating chemistry's contribution and benefits to society. This could involve showcasing the various ways in which chemistry is integral to everyday life, from medicine and technology to agriculture and energy production. By highlighting the positive impact of chemistry, the Foundation seeks to foster a better understanding and appreciation of the role of chemistry in society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Foundation For Chemistry Research And Initiatives has had a significant impact in advancing the understanding, safe use, and positive impact of chemistry on society. Their initiatives have included supporting research on microplastics to better understand their impacts on human health and the environment, funding studies on formaldehyde to improve understanding and leading to peer-reviewed publications, as well as sponsoring projects aligned with the chemical industry's research priorities in various issue areas. Through their work, they have contributed to promoting science-based public policy for chemicals management and demonstrating the beneficial contribution of chemistry to society.
This information is meant to be a general summary of Foundation For Chemistry Research And Initiatives. 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: $57,610
- Gross Receipts: $741,004
Assets and Liabilities:
- Total Assets: $4,229,565
- Total Liabilities: $58,032
- Net Assets: $4,171,533
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1995
Principal Officer
Robert J Simon Jr
NTEE Category
Code: V30 - Social research
If you are a representative of Foundation For Chemistry Research And Initiatives and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.