Overview
What is Pennington Biomedical Research Foundation?
The Pennington Biomedical Research Foundation is a nonprofit organization situated in Baton Rouge, Louisiana. Its primary mission is to support the work of LSU's Pennington Biomedical Research Center, aiming to uncover the causes of chronic diseases through groundbreaking research. This research endeavor is funded annually by the foundation, which offers endowed chairs, professorships, and postdoctoral fellowships. These endowments cover faculty supplements, research equipment, supplies, travel, and other essential research expenses. The foundation, with a team of 16 employees, is committed to improving human health through innovative research at the Pennington Biomedical Research Center.
Official website here: www.pbrf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
The Pennington Biomedical Research Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its robust performance in accountability and finance with a perfect score in several key areas. The organization boasts an impressive 100% independent board, ensuring impartial governance, and has demonstrated effective management of its resources, with a notable program expense ratio of 74.27%. This indicates that a significant portion of its funds is directed towards its mission rather than administrative costs.
Strengths highlighted include the absence of material diversion of assets, a well-maintained conflict of interest policy, and comprehensive documentation practices. The foundation's whistleblower policy and transparency regarding board meeting minutes further underscore its commitment to ethical practices and governance. Additionally, with a low liabilities to assets ratio of 29.50% and an outstanding working capital ratio of 3.73 years, the organization appears to be in a solid financial position.
While the data showcases the foundation's strong financial health and governance standards, potential donors should remain aware that the effectiveness of its programs and the impact on its mission are not detailed in this summary. Overall, the Pennington Biomedical Research Foundation demonstrates a strong commitment to responsible financial practices and accountability, making it a worthy consideration for support.
This AI summary has been generated from information found on Charity Navigator.
Is Pennington Biomedical Research Foundation legitimate?
Pennington Biomedical Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennington Biomedical Research Foundation 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: $326,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,285,326
For more financial information, click here
Official website here: www.pbrf.org
What is the mission statement of Pennington Biomedical Research Foundation?
The Pennington Biomedical Research Foundation supports the work of LSU's Pennington Biomedical Research Center. The center's mission is to uncover the triggers of chronic diseases through innovative research, ultimately improving human health. The foundation provides annual funding for endowed chairs, professorships, and postdoctoral fellowships at the research center. This funding aids faculty, covers research expenses, and supplies necessary resources for the center's operations. The foundation currently maintains several endowed positions, including chairs, professorships, and fellowships, contributing to the center's research endeavors.
Official website here: www.pbrf.org
Who is the CEO of Pennington Biomedical Research Foundation?
Rebecca F Schutte is the Ex-Officio of Pennington Biomedical Research Foundation. The CEO's salary of Pennington Biomedical Research Foundation is $185,068 and their total compensation is $199,136.
Official website here: www.pbrf.org
What is the revenue of Pennington Biomedical Research Foundation?
Pennington Biomedical Research Foundation's revenue in 2022 was $5,462,788.
Official website here: www.pbrf.org
Who are the executives of Pennington Biomedical Research Foundation and what are their salaries?
The average compensation at Pennington Biomedical Research Foundation during 2022 was $100,708. There are 16 employees and 50 volunteers at Pennington Biomedical Research Foundation.
Here are 30 key members and their salaries (Pennington Biomedical Research Foundation's CEO's salary is $185,068 and their total compensation is $199,136):
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Official website here: www.pbrf.org
Where can I find the form 990 for Pennington Biomedical Research Foundation?
Pennington Biomedical Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pbrf.org
Learn more at the official website: www.pbrf.org
Mission Statement of Pennington Biomedical Research Foundation
The Pennington Biomedical Research Foundation's mission is centered around supporting the work of LSU's Pennington Biomedical Research Center. This research center is dedicated to uncovering the root causes of chronic diseases through innovative and pioneering research that ultimately improves human health. The Foundation plays a crucial role in this endeavor by providing annual funding for various research-related expenses. This funding extends to endowed chairs, professorships, and postdoctoral fellowships, which in turn support faculty supplements, research equipment, supplies, travel, and other essential research costs. As of now, the Foundation maintains nine endowed chairs, six endowed professorships, and two endowed postdoctoral fellowships, thereby bolstering the research capabilities and advancements at the Pennington Biomedical Research Center.
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Impact
July, 2024
Pennington Biomedical Research Foundation's impact lies in supporting LSU's Pennington Biomedical Research Center, which focuses on discovering the triggers of chronic diseases through innovative research to improve human health. The foundation provides annual funding for endowed chairs, professorships, and postdoctoral fellowships at the research center. This financial support helps in various areas such as faculty supplements, research equipment, supplies, travel expenses, and other vital research costs. The foundation currently maintains 9 endowed chairs, 6 endowed professorships, and 2 endowed postdoctoral fellowships.
This information is meant to be a general summary of Pennington Biomedical Research Foundation. 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: $1,305,616
- Gross Receipts: $11,960,696
Assets and Liabilities:
- Total Assets: $29,937,917
- Total Liabilities: $7,229,455
- Net Assets: $22,708,462
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Organization Details
Founding Year
1988
Phone
(225) 763-2500Principal Officer
Rebecca F Schutte
Main Address
6400 PERKINS ROAD, BATON ROUGE, LA, 70808
Website
www.pbrf.orgNTEE Category
Code: H92Z - Medical research
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