Overview
What is Foundation For Applied Molecular Evolution Inc?
The Foundation For Applied Molecular Evolution Inc is a nonprofit organization situated in Alachua, Florida. Its primary purpose is to foster an innovative environment for a select group of molecular and life scientists to conduct research in commerce and medicine. The organization has been engaged in various research projects, such as exploring and developing faster and less expensive diagnostic tools in lower-resource environments (MCB-1939086), and engineering bacteria with expanded DNA alphabets (MCB-2123995). Their research focuses on Darwinian evolution, diagnostics, and surveillance, as well as synthetic and systems biology approaches. With a dedicated team of 34 employees, the Foundation is committed to pushing the boundaries of scientific knowledge and technological advancement.
Official website here: www.ffame.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Foundation For Applied Molecular Evolution Inc has achieved a high score of 96%, reflecting its strong commitment to accountability and finance. The organization's rating is based entirely on its performance in these areas, showcasing its dedication to transparency and responsible financial management.
The nonprofit displays several organizational strengths, including a fully independent board and comprehensive financial audits. It has received full marks in critical areas such as financial statements, conflict of interest policies, and the management of board meeting minutes. Additionally, it maintains a low liabilities to assets ratio, indicating sound financial health.
While the organization excels in accountability, no notable limitations were reported in the data reviewed. Its solid program expense ratio further emphasizes its focus on utilizing funds effectively for its mission. Overall, the Foundation For Applied Molecular Evolution Inc stands out for its robust governance and commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Applied Molecular Evolution Inc legitimate?
Foundation For Applied Molecular Evolution Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Applied Molecular Evolution 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $128,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,341,127
For more financial information, click here
Official website here: www.ffame.org
What is the mission statement of Foundation For Applied Molecular Evolution Inc?
The Foundation for Applied Molecular Evolution Inc provides an innovative environment for a select group of molecular and life scientists to conduct research, aiming to seize opportunities in commerce and medicine. Their mission encompasses hosting scientific and technological research to explore and address various challenges. The organization has undertaken several projects, such as MCB-1939086, which aims to create a synthetic chemical system supporting Darwinian evolution, and R01AI135146-01A1, focused on developing faster and less expensive diagnostic tools for lower resource environments. Another project, MCB-2123995, involves engineering bacterial strains capable of replicating, evolving, and utilizing artificially expanded genetic information systems.
Official website here: www.ffame.org
Who is the CEO of Foundation For Applied Molecular Evolution Inc?
Steven Benner is the Board Chair & Ceo of Foundation For Applied Molecular Evolution Inc. The CEO's salary of Foundation For Applied Molecular Evolution Inc is $128,832 and their total compensation is $128,832.
Official website here: www.ffame.org
What is the revenue of Foundation For Applied Molecular Evolution Inc?
Foundation For Applied Molecular Evolution Inc's revenue in 2022 was $3,458,871.
Official website here: www.ffame.org
Who are the executives of Foundation For Applied Molecular Evolution Inc and what are their salaries?
The average compensation at Foundation For Applied Molecular Evolution Inc during 2022 was $43,234. There are 34 employees at Foundation For Applied Molecular Evolution Inc.
Here are 4 key members and their salaries (Foundation For Applied Molecular Evolution Inc's CEO's salary is $128,832 and their total compensation is $128,832):
- Compensation: $128,832
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Official website here: www.ffame.org
Where can I find the form 990 for Foundation For Applied Molecular Evolution Inc?
Foundation For Applied Molecular Evolution Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffame.org
Learn more at the official website: www.ffame.org
Mission Statement of Foundation For Applied Molecular Evolution Inc
The Foundation for Applied Molecular Evolution Inc serves as a hub for a select group of molecular and life scientists, offering an innovative environment to conduct research that can potentially impact both commerce and medicine. This nonprofit's mission is to foster a setting where these scientists can explore and capitalize on emerging opportunities in their fields.
In line with its mission, the Foundation has undertaken several research projects. One such project aims to develop a synthetic chemical system that supports Darwinian evolution, featuring an alien or artificial genome and a polymerase capable of replicating it. Another project focuses on diagnostics and surveillance in lower resource environments, aiming to create faster and less expensive diagnostic tools and enhance the robustness of multiplexed pathogen detection products. Lastly, the Foundation is involved in a project that involves the engineering of bacterial strains capable of replicating, evolving, and utilizing artificially expanded genetic information systems. These endeavors reflect the Foundation's commitment to advancing the frontiers of molecular and life sciences for the betterment of society.
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Impact
July, 2024
Foundation For Applied Molecular Evolution Inc's impact lies in its pioneering research projects that push the boundaries of molecular and life sciences. Through initiatives like developing a synthetic chemical system supporting Darwinian evolution and exploring faster diagnostic tools for lower resource environments, the organization is driving innovation in fields such as synthetic and systems biology. By hosting a select group of scientists dedicated to cutting-edge research, Foundation For Applied Molecular Evolution Inc is at the forefront of scientific exploration with potential implications for both commerce and medicine.
This information is meant to be a general summary of Foundation For Applied Molecular Evolution 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: $48,841
- Program Service Revenue: $252,384
- Gross Receipts: $3,458,871
Assets and Liabilities:
- Total Assets: $3,051,095
- Total Liabilities: $320,104
- Net Assets: $2,730,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT PROGRAM REVEN
Revenue
$252,384
Organization Details
Founding Year
1997
Phone
(386) 418-8085Principal Officer
Steven Benner
Main Address
13709 PROGRESS BLVD 7, ALACHUA, FL, 326159495
Website
www.ffame.orgNTEE Category
Code: B820 - Education
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