Overview
What is Carilion Biomedical Institute?
Carilion Biomedical Institute, situated in Roanoke, Virginia, serves as a research and development center dedicated to advancing core biomedical services. Its mission is to establish itself as a world-class institute in biomedical science, engineering, and technology, focusing on research and development. The Institute provides services and support to Virginia Tech and Carilion Clinic, both local entities, with the ultimate goal of enhancing healthcare not only in the United States but globally. The Institute's activities are centered on improving healthcare, leveraging its resources and expertise to contribute to the betterment of global health.
Official website here: www.biomedicalinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Carilion Biomedical Institute has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is primarily derived from the Accountability & Finance beacon, where the organization scored poorly on several governance standards, particularly in board independence and missing key policies like conflict of interest and whistleblower protections.
Strengths of the institute include a high program expense ratio of 69.98%, suggesting a substantial portion of its expenses is directed towards its programs. Additionally, it has shown no material diversion of assets, which is a positive indicator of financial integrity. However, the absence of independent board members and missing critical governance policies raises questions about its oversight and transparency.
Overall, while the Carilion Biomedical Institute demonstrates a commitment to programmatic spending, its lack of adherence to essential governance practices highlights areas for improvement. Stakeholders may wish to consider these factors when evaluating the organization's trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Carilion Biomedical Institute legitimate?
Carilion Biomedical Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carilion Biomedical Institute 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.biomedicalinstitute.org
What is the mission statement of Carilion Biomedical Institute?
The Carilion Biomedical Institute aims to establish itself as a leading institute in biomedical science, engineering, and technology, focusing on research and development. Its primary goal is to offer services and support to Carilion Clinic, Virginia Tech, and the University of Virginia, with a vision to enhance healthcare globally. The institute conducts research and development in core biomedical services, aiming to improve healthcare not just in the United States but worldwide.
Official website here: www.biomedicalinstitute.org
Who is the CEO of Carilion Biomedical Institute?
G Robert Vaughan Jr is the Director of Carilion Biomedical Institute.
Official website here: www.biomedicalinstitute.org
What is the revenue of Carilion Biomedical Institute?
Carilion Biomedical Institute's revenue in 2022 was $684.
Official website here: www.biomedicalinstitute.org
Who are the executives of Carilion Biomedical Institute and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $2,498,861
- Other: $158,310
- Compensation: $0
- Related: $1,027,399
- Other: $266,876
- Compensation: $0
- Related: $415,087
- Other: $180,417
- Compensation: $0
- Related: $80,084
- Other: $13,867
Official website here: www.biomedicalinstitute.org
Where can I find the form 990 for Carilion Biomedical Institute?
Carilion Biomedical Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biomedicalinstitute.org
Learn more at the official website: www.biomedicalinstitute.org
Mission Statement of Carilion Biomedical Institute
Carilion Biomedical Institute (CBI) aims to establish itself as a distinguished global leader in biomedical science, engineering, and technology. Its primary focus is on conducting research and development, offering services and support to renowned institutions such as Carilion Clinic, Virginia Tech, and the University of Virginia. The institute's ultimate objective is to enhance healthcare not only within the United States but also globally. By engaging in cutting-edge research and development, CBI strives to contribute significantly to the advancement of biomedical services, ultimately improving healthcare outcomes worldwide.
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Impact
October, 2024
Carilion Biomedical Institute (CBI) has established a significant impact in the realms of biomedical science and healthcare innovation. By focusing on research and development, CBI collaborates with esteemed institutions such as Virginia Tech, Carilion Clinic, and the University of Virginia, fostering a synergy that enhances the quality and effectiveness of healthcare solutions.
The institute aims to become a world-class center for biomedical science, engineering, and technology, driving advancements that seek to improve healthcare on both domestic and global fronts. Through its core biomedical services, CBI is dedicated to addressing pressing health challenges, contributing to the overall wellbeing of communities, and paving the way for breakthroughs that enhance patient care and treatment strategies.
By leveraging cutting-edge research and technology, CBI not only supports local healthcare providers but also plays a crucial role in shaping the future of medical practices and healthcare delivery. Its commitment to improving global healthcare outcomes cements its position as a vital entity in the ongoing evolution of the biomedical field.
This information is meant to be a general summary of Carilion Biomedical Institute. 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.
- Gross Receipts: $684
Assets and Liabilities:
- Total Assets: $660,306
- Total Liabilities: $2,723
- Net Assets: $657,583
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Organization Details
Founding Year
2000
Phone
(540) 581-0120Principal Officer
G Robert Vaughan Jr
Main Address
101 ELM AVE SE, ROANOKE, VA, 240132222
Website
www.biomedicalinstitute.orgNTEE Category
Code: E05 - Health
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