Overview
What is Foundation For The National Institutes Of Health Inc?
The Foundation For The National Institutes of Health Inc, based in North Bethesda, Maryland, is a not-for-profit organization that connects leading public and private entities to accelerate biomedical breakthroughs for patients. With a mission to create and lead alliances and public-private partnerships, they aim to advance groundbreaking discoveries and enhance people's lives. Their activities include managing programs like the Accelerating Medicines Partnership (AMP), which focuses on improving understanding of disease pathways, identifying targets for treatment, and reducing development timelines for life-saving therapies. The FNIH manages the AMP program with a commitment to making data and analyses arising from collaborations publicly accessible to benefit the broader biomedical community. Their initiatives span various fields, such as heart failure and non-alcoholic steatohepatitis (NASH), with the ultimate goal of delivering new and effective therapies to patients.
Official website here: www.fnih.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100% (Four-Star out of Four Star rating)
The Foundation For The National Institutes Of Health Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's high score is based entirely on its accountability and finance metrics, indicating a robust oversight structure and responsible financial practices.
One of the organization's standout features is its governance, with 96% of board members being independent, enhancing its decision-making processes. The charity has a comprehensive set of policies in place, including conflict of interest and whistleblower protections, ensuring transparency and ethical management. Furthermore, it maintains a favorable liabilities-to-assets ratio and program expense ratio, which indicates efficient allocation of resources towards its mission.
However, the foundation's fundraising efficiency ratio is notably low, suggesting that it may not be as effective in generating funds relative to expenses. While this could be seen as a limitation, the overall financial health and programmatic dedication of the nonprofit overshadow this concern, positioning it as a trustworthy and responsible organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The National Institutes Of Health Inc legitimate?
Foundation For The National Institutes Of Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The National Institutes Of Health 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: $2,577,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,378,822
For more financial information, click here
Official website here: www.fnih.org
What is the mission statement of Foundation For The National Institutes Of Health Inc?
The Foundation for the National Institutes of Health (FNIH) is a charitable organization that connects leading public and private organizations to accelerate biomedical breakthroughs for patients, regardless of their disease or location. Its mission is to create and lead alliances and public-private partnerships that advance discoveries in healthcare. The FNIH manages programs, like the Accelerating Medicines Partnership (AMP), with the goal of improving understanding of disease pathways, identifying targets for treatment, and reducing development timelines for life-saving therapies. The organization prioritizes making data and analyses arising from collaborations publicly accessible to benefit the broader scientific community. One of its recent initiatives, Activ, was formed to develop a research strategy for COVID-19 vaccines and therapeutics, coordinating efforts among various agencies, biopharmaceutical companies, and non-profit organizations.
Official website here: www.fnih.org
Who is the CEO of Foundation For The National Institutes Of Health Inc?
Donald M Hill is the Chairman of Foundation For The National Institutes Of Health Inc. The CEO's salary of Foundation For The National Institutes Of Health Inc is $314,575 and their total compensation is $324,506.
Official website here: www.fnih.org
What is the revenue of Foundation For The National Institutes Of Health Inc?
Foundation For The National Institutes Of Health Inc's revenue in 2022 was $70,585,199.
Official website here: www.fnih.org
Who are the executives of Foundation For The National Institutes Of Health Inc and what are their salaries?
The average compensation at Foundation For The National Institutes Of Health Inc during 2022 was $110,621. There are 90 employees and 24 volunteers at Foundation For The National Institutes Of Health Inc.
Here are 36 key members and their salaries (Foundation For The National Institutes Of Health Inc's CEO's salary is $314,575 and their total compensation is $324,506):
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Official website here: www.fnih.org
Where can I find the form 990 for Foundation For The National Institutes Of Health Inc?
Foundation For The National Institutes Of Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fnih.org
Learn more at the official website: www.fnih.org
Mission Statement of Foundation For The National Institutes Of Health Inc
The Foundation For The National Institutes of Health Inc, or FNIH, is a charitable organization with a mission to bring together leading public and private organizations to accelerate biomedical breakthroughs for patients, regardless of their background or health condition. This mission is accomplished through managing public-private partnerships that improve the quality of people's lives by advancing new therapies, diagnostics, and potential cures.
At the heart of the FNIH's efforts is the Accelerating Medicines Partnership (AMP) program. This initiative aims to understand disease pathways, facilitate the identification of targets for treatment, and identify platforms and processes to accelerate new and effective therapies to patients. The collaborative research projects under the AMP program operate under the principle of delivering pre-competitive advancements to the research and medical fields and enabling the broadest possible access and use of research discoveries. The FNIH also requires individual AMP projects to make data and analyses arising from the collaboration publicly accessible to benefit the wider biomedical community.
In response to the COVID-19 pandemic, the FNIH and the National Institutes of Health (NIH) assembled a government-industry-academia coalition called ACTIV (Accelerating COVID-19 Therapeutic Interventions and Vaccines). This partnership aimed to develop a research strategy for prioritizing and speeding the development of the most promising COVID-19 vaccines and therapeutics. ACTIV replaced numerous small, individual trials with a national research agenda for developing therapeutic countermeasures to the pandemic, providing support for vaccine development efforts, and showcasing how the biomedical research community can effectively mobilize during a global public health crisis.
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Impact
October, 2024
Foundation for the National Institutes of Health Inc (FNIH) plays a pivotal role in advancing biomedical research and improving patient outcomes. By connecting leading public and private organizations, FNIH accelerates the development of innovative therapies, diagnostics, and potential cures for a wide range of diseases. Their programs like the Accelerating Medicines Partnership (AMP) seek to deepen the understanding of disease pathways, allowing for better-targeted treatments.
FNIH's initiatives, such as the ACTIV partnership forged during the COVID-19 pandemic, exemplify their capacity to mobilize diverse stakeholders—including government, academia, and industry—to coordinate comprehensive research efforts. This collaboration not only streamlines vaccine and therapeutic development but also serves as a model for managing future public health crises.
Their commitment to enhancing global health equity is evident through their Biomarkers Consortium, which addresses critical needs in disease diagnosis and treatment through cross-sector collaboration. Furthermore, programs like the NIMBLE initiative aim to revolutionize how conditions like nonalcoholic steatohepatitis (NASH) are diagnosed, significantly reducing patient risks associated with invasive procedures.
By fostering alliances and focusing on innovative research strategies, FNIH significantly impacts the biomedical landscape, ultimately improving the quality of life for patients worldwide.
This information is meant to be a general summary of Foundation For The National Institutes Of Health 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.
- Investment Income: $1,459,757
- Program Service Revenue: $50,000
- Gross Receipts: $209,200,907
Assets and Liabilities:
- Total Assets: $216,582,542
- Total Liabilities: $18,255,107
- Net Assets: $198,327,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE REVENUE
Revenue
$50,000
Organization Details
Founding Year
1996
Phone
(301) 402-5311Principal Officer
Donald M Hill
Main Address
11400 ROCKVILLE PIKE 600, NORTH BETHESDA, MD, 20852
Website
www.fnih.orgNTEE Category
Code: H920 - Medical research
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