Overview
What is Association Of Biomolecular Resource Facilities Inc?
The Association of Biomolecular Resource Facilities Inc. is a distinguished membership association, headquartered in Lexington, Kentucky, with a significant presence of over 700 members across various sectors, including government, academia, research, industry, and commercial settings. This organization, representing over 340 laboratories and administrative offices, aims to foster the education and career advancement of scientists by organizing conferences, publishing a quarterly journal, and sponsoring research group studies. Their annual meetings serve as platforms for members to engage with new and emerging biotechnology, through lectures, workshops, and networking opportunities with colleagues from various fields. Additionally, the ABRF supports multi-center research studies, enabling its members to incorporate new biotechnologies into their laboratories.
Official website here: www.abrf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Association of Biomolecular Resource Facilities Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization achieved an impressive score of 96% in Accountability & Finance for the most recent fiscal year, demonstrating effective financial management practices and transparency in operations.
A highlight of the organization's structure is its governance, with a fully independent board comprising nine members. This independence, coupled with robust policies such as conflict of interest and whistleblower protections, underscores the organization's commitment to ethical standards. Additionally, the organization's program expense ratio stands at 74.09%, indicating that a significant portion of its resources is directed toward its mission-driven activities.
While the organization showcases several strengths, potential supporters may want to consider their specific interests in the biomolecular field when assessing alignment with its programs. Overall, the Association of Biomolecular Resource Facilities Inc exemplifies strong financial stewardship and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Association Of Biomolecular Resource Facilities Inc legitimate?
Association Of Biomolecular Resource Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association Of Biomolecular Resource Facilities 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.
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Official website here: www.abrf.org
What is the mission statement of Association Of Biomolecular Resource Facilities Inc?
The Association of Biomolecular Resource Facilities Inc (ABRF) is a membership organization that comprises over 700 members working within or supporting biotechnology research laboratories. These members, representing over 340 laboratories and administrative offices, hail from various sectors such as government, academia, research, industry, and commercial settings. The ABRF's primary mission is to promote the education and career advancement of scientists. They achieve this by organizing conferences, publishing a quarterly journal, releasing research group studies, and offering conference travel awards. Furthermore, the ABRF sponsors multi-center research studies aimed at helping its members incorporate new biotechnologies into their laboratories.
Official website here: www.abrf.org
Who is the CEO of Association Of Biomolecular Resource Facilities Inc?
Ken Schoppmann is the Executive Dir. of Association Of Biomolecular Resource Facilities Inc.
Official website here: www.abrf.org
What is the revenue of Association Of Biomolecular Resource Facilities Inc?
Association Of Biomolecular Resource Facilities Inc's revenue in 2022 was $1,807,615.
Official website here: www.abrf.org
Who are the executives of Association Of Biomolecular Resource Facilities Inc and what are their salaries?
There 150 volunteers at Association Of Biomolecular Resource Facilities Inc.
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Official website here: www.abrf.org
Where can I find the form 990 for Association Of Biomolecular Resource Facilities Inc?
Association Of Biomolecular Resource Facilities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abrf.org
Learn more at the official website: www.abrf.org
Mission Statement of Association Of Biomolecular Resource Facilities Inc
The Association of Biomolecular Resource Facilities Inc, a membership association comprising over 700 members, plays a significant role in the biotechnology industry. Its members, representing over 340 laboratories and administrative offices, are primarily based in government, academic, research, industry, and commercial settings. The organization's mission is twofold: firstly, it promotes the education and career advancement of scientists. This is achieved through various means, including hosting conferences, publishing a quarterly journal, publishing research group studies, and offering conference travel awards. Secondly, the Association of Biomolecular Resource Facilities Inc sponsors multi-center research studies aimed at helping its members integrate new biotechnologies into their laboratories. By doing so, the association contributes to the advancement of biotechnology research and the professional development of its members.
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Impact
July, 2024
The Association of Biomolecular Resource Facilities Inc's impact lies in its unique membership association comprising over 700 members working within or in support of resource and research biotechnology laboratories. With members representing over 340 laboratories and administrative offices in various sectors such as government, academia, research, industry, and commercial settings, ABRF plays a significant role in promoting the education and career advancement of scientists.
Through conferences, a quarterly journal, publication of research group studies, conference travel awards, and sponsorship of multi-center research studies, ABRF facilitates the incorporation of new biotechnologies into laboratories. By fostering collaboration between disciplines and enhancing problem-solving in biomedical research, ABRF contributes to the professional development of its members and the advancement of science research.
This information is meant to be a general summary of Association Of Biomolecular Resource Facilities 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: $26,429
- Program Service Revenue: $445,028
- Gross Receipts: $1,807,615
Assets and Liabilities:
- Total Assets: $1,700,623
- Total Liabilities: $408,050
- Net Assets: $1,292,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$142,520
Registration Fees
Revenue
$302,508
Organization Details
Founding Year
1988
Phone
(859) 514-9150Principal Officer
Ken Schoppmann
Main Address
201 East Main Street Suite 810, Lexington, KY, 40507
Website
www.abrf.orgNTEE Category
Code: U50Z - Science research
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