Overview
What is Biomedical Research Foundation Of Northwest Louisiana?
The Biomedical Research Foundation of Northwest Louisiana, established in 1986, is a nonprofit organization initiated by the Shreveport Chamber of Commerce to stimulate economic growth in the north Louisiana region. As the local economy was heavily reliant on the oil and gas industry, which was negatively impacted by plummeting oil prices, the Chamber entrusted BRF with the mission to invest in new sectors and diversify the economy. This mission has attracted a dedicated team of local civic leaders and skilled professionals from across the United States. Their efforts aim to foster positive economic change in north Louisiana.
Official website here: www.brfla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Biomedical Research Foundation of Northwest Louisiana has earned a commendable Three-Star rating from Charity Navigator, reflecting strong accountability and financial practices. With a score calculated entirely from its accountability and finance beacon, the organization demonstrates a commitment to transparency and effective governance.
Strengths of the foundation include an independent board comprising 93% independent members, ensuring unbiased decision-making. The organization has no material diversion of assets, and it has robust policies in place for conflict of interest and whistleblowing, further enhancing its credibility. Additionally, the foundation has allocated a high percentage of its expenses, 77.06%, directly towards its programs, indicating a focus on fulfilling its mission.
While the overall rating is positive, it is worth noting that the score is based on a single beacon, which may limit insights into other operational aspects. Nevertheless, the foundation's strong financial practices present a solid foundation for trust among stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Biomedical Research Foundation Of Northwest Louisiana?
100% of 9 reviewers on Facebook recommend the Biomedical Research Foundation Of Northwest Louisiana. Here is a summary of their reviews:
The organization has received high praise for its educational initiatives, particularly in teaching students about business processes and entrepreneurship. Reviewers appreciate the foundation's commitment to fostering new entrepreneurs who can make a meaningful impact in Louisiana and beyond.
Overall, the sentiment is overwhelmingly positive, with users expressing gratitude for the foundation's contributions to the community and its role in preparing students for future success.
This AI summary has been generated from reviews found on Facebook.
Is Biomedical Research Foundation Of Northwest Louisiana legitimate?
Biomedical Research Foundation Of Northwest Louisiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biomedical Research Foundation Of Northwest Louisiana 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: $2,935,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,516,106
For more financial information, click here
Official website here: www.brfla.org
What is the mission statement of Biomedical Research Foundation Of Northwest Louisiana?
The Biomedical Research Foundation of Northwest Louisiana was established in 1986 by the Shreveport Chamber of Commerce with a mission to drive economic growth and development in the region. As the north Louisiana economy was heavily reliant on the oil and gas industry and facing challenges due to plummeting oil prices, the foundation was tasked with expanding the economic sectors. The all-volunteer board, comprised of local civic leaders and professionals from across the United States, has been instrumental in the foundation's efforts to act as a catalyst for positive economic change.
Official website here: www.brfla.org
Who is the CEO of Biomedical Research Foundation Of Northwest Louisiana?
John F George Md is the Principal Officer of Biomedical Research Foundation Of Northwest Louisiana. The CEO's salary of Biomedical Research Foundation Of Northwest Louisiana is $664,900 and their total compensation is $704,747.
Official website here: www.brfla.org
What is the revenue of Biomedical Research Foundation Of Northwest Louisiana?
Biomedical Research Foundation Of Northwest Louisiana's revenue in 2022 was $17,971,196.
Official website here: www.brfla.org
Who are the executives of Biomedical Research Foundation Of Northwest Louisiana and what are their salaries?
The average compensation at Biomedical Research Foundation Of Northwest Louisiana during 2022 was $83,782. There are 77 employees and 16 volunteers at Biomedical Research Foundation Of Northwest Louisiana.
Here are 29 key members and their salaries (Biomedical Research Foundation Of Northwest Louisiana's CEO's salary is $664,900 and their total compensation is $704,747):
- Compensation: $664,900
- Related: $0
- Other: $39,847
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- Compensation: $488,779
- Related: $0
- Other: $33,281
- Compensation: $171,053
- Related: $0
- Other: $15,696
- Compensation: $456,887
- Related: $0
- Other: $28,962
- Compensation: $261,503
- Related: $0
- Other: $13,967
- Compensation: $253,388
- Related: $0
- Other: $20,550
- Compensation: $174,959
- Related: $0
- Other: $23,821
- Compensation: $176,339
- Related: $0
- Other: $17,124
- Compensation: $135,350
- Related: $0
- Other: $21,574
- Compensation: $129,534
- Related: $0
- Other: $16,844
- Compensation: $166,612
- Related: $0
- Other: $16,043
- Compensation: $114,719
- Related: $0
- Other: $20,263
- Compensation: $112,061
- Related: $0
- Other: $13,274
- Compensation: $103,713
- Related: $0
- Other: $18,678
Official website here: www.brfla.org
Where can I find the form 990 for Biomedical Research Foundation Of Northwest Louisiana?
Biomedical Research Foundation Of Northwest Louisiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brfla.org
Learn more at the official website: www.brfla.org
Mission Statement of Biomedical Research Foundation Of Northwest Louisiana
The Biomedical Research Foundation of Northwest Louisiana, or BRF, was established in 1986 by the Shreveport Chamber of Commerce with a mission to instigate economic transformation in north Louisiana. At a time when the local economy was heavily reliant on the oil and gas industry and grappling with the aftermath of plummeting oil prices, BRF was tasked with spearheading economic growth in new sectors.
The organization's founding members, comprised of prominent local civic leaders and accomplished professionals from across the United States, shared a vision to make a significant impact on the regional economy. Inspired by this mission, BRF set out to attract businesses, create jobs, and foster innovation in the scientific research sector.
BRF's commitment to being a catalyst for positive change in north Louisiana has been realized through the dedication of its all-volunteer board. With a passion for driving progress in their community, these visionary individuals have harnessed their expertise and resources to propel the foundation forward. The BRF's mission continues to resonate as a beacon of hope and opportunity in the region, attracting innovation and investment to create a more diverse and sustainable economy.
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Impact
October, 2024
The Biomedical Research Foundation of Northwest Louisiana plays a significant role in transforming and diversifying the regional economy. Established in 1986 during a period of economic downturn due to declining oil prices, the foundation's mission focuses on catalyzing positive economic change by investing in emerging sectors beyond traditional industries.
By leveraging the expertise of an all-volunteer board consisting of local civic leaders and professionals from across the nation, the foundation has successfully navigated the challenges of economic dependency on oil and gas. It has fostered growth in the biomedical research sector, which not only creates jobs but also attracts investment and stimulates innovation in healthcare technologies.
This effort has positioned Shreveport as a hub for medical research, contributing to broader economic resilience in north Louisiana. Consequently, the foundation's impact extends beyond just economic metrics; it enhances community well-being through improved healthcare solutions and educational opportunities, ultimately enriching the region's quality of life.
This information is meant to be a general summary of Biomedical Research Foundation Of Northwest Louisiana. 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: -$2,338,372
- Program Service Revenue: $19,015,624
- Gross Receipts: $20,503,350
Assets and Liabilities:
- Total Assets: $99,874,255
- Total Liabilities: $15,242,283
- Net Assets: $84,631,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,312,515
LOCAL GOVERNMENT OPERATING REVENU
Revenue
$2,863,251
OMICRON SERVICES
Revenue
$2,854,974
POSITRON EMISSION TOMOGRAPHY
Revenue
$1,565,391
RADIOPHARMACEUTICAL SALES
Revenue
$896,014
Organization Details
Founding Year
1986
Phone
(318) 716-4108Principal Officer
John F George Md
Main Address
POST OFFICE BOX 38050, SHREVEPORT, LA, 711338050
Website
www.brfla.orgNTEE Category
Code: H920 - Medical research
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