Overview
What is Institute For In Vitro Sciences Inc?
Institute for In Vitro Sciences Inc is a nonprofit organization committed to promoting the global acceptance and utilization of non-animal testing methods. Based in Gaithersburg, Maryland, the institute collaborates with over 60 companies to develop and implement alternative testing strategies, conducting tests on over 880 compounds and products. Their mission is threefold: to optimize and apply scientifically robust in vitro methods globally, create a collaborative platform for industry, regulatory agencies, and animal welfare organizations, and develop educational programs to expand the adoption of non-animal testing methods worldwide. Notably, the institute has successfully employed human precision cut lung slices (HPCLS) as an alternative to animal testing for inhalation and respiratory endpoints, leading to inquiries for their use in other laboratories.
Official website here: www.iivs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating
The Institute For In Vitro Sciences Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 89%, primarily based on its Accountability & Finance performance. This signifies a strong commitment to financial transparency and good governance practices, as evidenced by their independent board composition and adherence to sound financial policies.
One of the organization’s strengths lies in its high program expense ratio of 92.14%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated strong oversight mechanisms with no material diversion of assets reported and multiple policies in place, such as conflict of interest and whistleblower policies, which enhance its accountability.
However, there are areas for improvement, particularly regarding its liabilities to assets ratio, which stands at 59.95%. This figure suggests that the organization has notable liabilities compared to its assets, which could be a potential concern for sustainability. Overall, while the Institute For In Vitro Sciences Inc shows robust financial management, attention to its financial structure may further bolster its operational stability.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For In Vitro Sciences Inc legitimate?
Institute For In Vitro Sciences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For In Vitro Sciences 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: $386,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,857,774
For more financial information, click here
Official website here: www.iivs.org
What is the mission statement of Institute For In Vitro Sciences Inc?
The Institute for In Vitro Sciences Inc's mission is focused on promoting the use and acceptance of non-animal testing methods globally. This is achieved by driving the optimization and application of robust in vitro methods that are accepted by regulatory agencies and adopted by the industry worldwide. The organization serves as a platform for industry, regulatory agencies, and animal welfare organizations to collaborate in developing humane scientific tools for testing. Additionally, they utilize their expertise to create educational and outreach programs aimed at expanding the adoption of non-animal test methods on a global scale.
Official website here: www.iivs.org
Who is the CEO of Institute For In Vitro Sciences Inc?
Rodger D Curren is the CEO of Institute For In Vitro Sciences Inc The CEO's salary of Institute For In Vitro Sciences Inc is $51,077 and their total compensation is $52,148.
Official website here: www.iivs.org
What is the revenue of Institute For In Vitro Sciences Inc?
Institute For In Vitro Sciences Inc's revenue in 2023 was $6,877,981.
Official website here: www.iivs.org
Who are the executives of Institute For In Vitro Sciences Inc and what are their salaries?
The average compensation at Institute For In Vitro Sciences Inc during 2023 was $60,075. There are 54 employees and 5 volunteers at Institute For In Vitro Sciences Inc.
Here are 14 key members and their salaries (Institute For In Vitro Sciences Inc's CEO's salary is $51,077 and their total compensation is $52,148):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $51,077
- Related: $0
- Other: $1,071
- Compensation: $138,367
- Related: $0
- Other: $6,590
- Compensation: $153,112
- Related: $0
- Other: $25,023
- Compensation: $15,575
- Related: $0
- Other: $1,294
- Compensation: $145,496
- Related: $0
- Other: $23,064
- Compensation: $156,494
- Related: $0
- Other: $14,731
- Compensation: $142,627
- Related: $0
- Other: $25,692
- Compensation: $106,201
- Related: $0
- Other: $28,231
- Compensation: $114,995
- Related: $0
- Other: $16,432
Official website here: www.iivs.org
Where can I find the form 990 for Institute For In Vitro Sciences Inc?
Institute For In Vitro Sciences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iivs.org
Learn more at the official website: www.iivs.org
Mission Statement of Institute For In Vitro Sciences Inc
The Institute for In Vitro Sciences Inc is committed to advancing the use and acceptance of non-animal testing methods globally. Their mission encompasses three key objectives. Firstly, they strive to optimize and apply scientifically robust in vitro methods that are recognized and adopted by regulatory agencies and industries worldwide. Secondly, they aim to establish a platform where industry, regulatory agencies, and animal welfare organizations can collaborate in developing humane, scientific tools for testing. Lastly, utilizing their expertise, they create educational and outreach programs to promote the adoption of non-animal test methods globally. The Institute for In Vitro Sciences Inc plays a significant role in fostering a harmonious relationship between scientific advancement, animal welfare, and regulatory compliance, ultimately contributing to the development of more humane testing methods.
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
Institute For In Vitro Sciences Inc's impact lies in driving the optimization and application of scientifically robust in vitro methods that are accepted by regulatory agencies and adopted by industry worldwide. By working with over sixty companies to determine appropriate non-animal testing strategies, conducting testing, and assisting in data interpretation, IIVS has tested over 880 compounds/products at their laboratory, most in more than one test.
Furthermore, IIVS continues to optimize and standardize in vitro methods to make them suitable for industry and regulatory needs, often collaborating with stakeholders such as industry, government, and NGOs. Their advancements are shared with the scientific community through presentations and publications, enabling other industry and regulatory scientists to benefit from their work.
One notable contribution is the development and promotion of Human Precision Cut Lung Slices (HPCLS) for potential regulatory application as an alternative to using animals for inhalation and respiratory endpoints. Based on successful in-house studies, stakeholders have inquired about procuring HPCLS tissues for use in their own laboratories. Notably, IIVS prepared and qualified HPCLS tissues for 17 sponsor-run laboratory studies that would have otherwise used animals.
Through their mission to increase the use and acceptance of non-animal test methods worldwide, IIVS is making a significant impact in the scientific community and promoting humane scientific tools for testing.
This information is meant to be a general summary of Institute For In Vitro Sciences 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: $5,609
- Program Service Revenue: $5,815,193
- Gross Receipts: $6,878,469
Assets and Liabilities:
- Total Assets: $6,566,155
- Total Liabilities: $3,936,613
- Net Assets: $2,629,542
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH & TESTING
Revenue
$5,746,011
EDUCATION
Revenue
$69,182
Organization Details
Founding Year
1997
Principal Officer
Amanda K Ulrey
Website
www.iivs.orgNTEE Category
Code: B28 - Education
If you are a representative of Institute For In Vitro Sciences Inc 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.