Overview
What is Personalized Medicine Coalition?
The Personalized Medicine Coalition (PMC) is a nonprofit organization situated in Washington, D.C. With a modest workforce of eight individuals, PMC serves as a bridge between innovators, scientists, patients, providers, and payers, advocating for the development and widespread adoption of personalized medicine tests and therapies. To achieve this, PMC actively engages with regulatory bodies and policymakers, advocating for ongoing investments in biomedical research and modernized policies that support access to personalized medicine. By promoting understanding and integration of personalized medicine concepts, services, and products, PMC strives to improve patient outcomes and contribute positively to the healthcare system.
Official website here: www.personalizedmedicinecoalition.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%
The Personalized Medicine Coalition has received a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scored 92% overall, with a perfect score in several key areas including independent board membership, audit oversight, and conflict of interest policies. This high rating indicates that donors can trust the Coalition to manage funds responsibly while maintaining transparency.
Organizational strengths include a fully independent board and robust financial practices, which contribute to their high program expense ratio of 78.72%. This suggests that a significant portion of their funding is directed towards programmatic efforts, reinforcing their mission in the realm of personalized medicine. Furthermore, the implementation of policies such as whistleblower protections and document retention supports a culture of accountability.
However, the organization has a liabilities to assets ratio of 55.63%, which, while not alarming, indicates some level of financial obligation that could be scrutinized by potential donors. Overall, the Personalized Medicine Coalition demonstrates strong financial health and governance, positioning itself as a reputable entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Personalized Medicine Coalition legitimate?
Personalized Medicine Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Personalized Medicine Coalition 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: $454,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.personalizedmedicinecoalition.org
What is the mission statement of Personalized Medicine Coalition?
The Personalized Medicine Coalition (PMC) serves as a platform for innovators, scientists, patients, providers, and payers, promoting the understanding and adoption of personalized medicine concepts, services, and products to benefit patients and the healthcare system. Their mission, in essence, is to foster the growth of personalized medicine by engaging with regulators and policymakers to advocate for continued investments in biomedical research and modernized regulatory, coverage, and payment policies that ensure access to personalized medicine. The coalition's activities aim to advance personalized medicine, ultimately leading to improved patient outcomes and an enhanced healthcare system.
Official website here: www.personalizedmedicinecoalition.org
Who is the CEO of Personalized Medicine Coalition?
Edward Abrahams Phd is the President of Personalized Medicine Coalition.
Official website here: www.personalizedmedicinecoalition.org
What is the revenue of Personalized Medicine Coalition?
Personalized Medicine Coalition's revenue in 2022 was $3,614,837.
Official website here: www.personalizedmedicinecoalition.org
Who are the executives of Personalized Medicine Coalition and what are their salaries?
The average compensation at Personalized Medicine Coalition during 2022 was $56,872. There are 8 employees and 24 volunteers at Personalized Medicine Coalition.
Here are 30 key members and their salaries:
- Compensation: $431,399
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- Other: $23,580
- Compensation: $241,389
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- Compensation: $203,399
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- Other: $31,315
- Compensation: $177,393
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- Other: $30,877
- Compensation: $134,793
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- Other: $14,618
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Official website here: www.personalizedmedicinecoalition.org
Where can I find the form 990 for Personalized Medicine Coalition?
Personalized Medicine Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.personalizedmedicinecoalition.org
Learn more at the official website: www.personalizedmedicinecoalition.org
Mission Statement of Personalized Medicine Coalition
The Personalized Medicine Coalition, comprising innovators, scientists, patients, providers, and payers, aims to foster an understanding and widespread adoption of personalized medicine concepts, services, and products. This organization promotes its mission by advocating for continued investments in biomedical research, as well as for modernized regulatory, coverage, and payment policies that support access to personalized medicine. By engaging with regulators and policymakers, the Coalition seeks to facilitate the development of personalized medicine tests and therapies, ultimately benefiting patients and the healthcare system as a whole.
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Impact
July, 2024
The Personalized Medicine Coalition's impact lies in promoting the understanding and adoption of personalized medicine concepts, services, and products to benefit patients and the health system. By representing innovators, scientists, patients, providers, and payers, PMC plays a crucial role in advocating for continued investments in biomedical research and modernized regulatory, coverage, and payment policies. This advocacy work helps facilitate the development of personalized medicine tests and therapies, ultimately supporting access to personalized medicine for better patient outcomes.
This information is meant to be a general summary of Personalized Medicine Coalition. 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: $48,376
- Program Service Revenue: $1,393,964
- Gross Receipts: $3,614,837
Assets and Liabilities:
- Total Assets: $2,207,870
- Total Liabilities: $550,004
- Net Assets: $1,657,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admission Fees- Non-Mem.
Revenue
$163,934
Research Project Revenue
Revenue
$1,230,030
Organization Details
Founding Year
2003
Phone
(202) 589-1770Principal Officer
Edward Abrahams Phd
Main Address
1710 RHODE ISLAND AVE NW 700, WASHINGTON, DC, 20036
NTEE Category
Code: G05 - Disease
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