Overview
What is Stanley J Glaser Foundation Fbo?
The Stanley J Glaser Foundation Fbo is a nonprofit organization that operates solely for charitable, educational, scientific, or literary purposes. It provides grants to organizations exempt from federal income tax, specifically those classified under Section 501(c)(3), 2055(a), and 2522(a). The foundation's main mission is to support research aimed at discovering and curing diseases. In line with this, it has provided a grant to the University of Miami for such purposes. The foundation's activities are aligned with its mission, focusing on advancing knowledge and finding solutions to medical challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Stanley J Glaser Foundation Fbo has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its organizational practices. With an overall score of 69%, the foundation demonstrates strong governance in areas such as having a majority of independent board members and a clear conflict of interest policy. However, the organization falls short in several critical areas, including the minimal size of its independent board and a lack of a whistleblower policy.
Strengths include a solid performance in managing assets, reflected in a liability to assets ratio of 0.00%, which suggests the foundation is not burdened by debt. The program expense ratio stands at 63.91%, which shows that a significant portion of its funds is directed toward its programs. This is a positive indicator of the foundation's commitment to its mission, despite some governance weaknesses.
Limitations noted include the absence of an independent board, which can impact oversight and decision-making. Additionally, the lack of a whistleblower policy raises concerns about transparency and accountability within the organization. Overall, while the Stanley J Glaser Foundation Fbo has strengths in certain operational aspects, it has several areas that require attention for improved effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Stanley J Glaser Foundation Fbo legitimate?
Stanley J Glaser Foundation Fbo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stanley J Glaser Foundation Fbo 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: $88,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Stanley J Glaser Foundation Fbo?
The Stanley J Glaser Foundation Fbo operates primarily for charitable, educational, scientific, or literary purposes. One of its main objectives is to make distributions to organizations that are exempt from federal income tax and fall under sections 501(A), 170(C), 501(C)(3), 2055(A), and 2522(A). The foundation specifically aims to provide grants to further research in areas that could potentially lead to the discovery and cure of various diseases. Its mission is to contribute to scientific advancements and ultimately improve public health.
Who is the CEO of Stanley J Glaser Foundation Fbo?
Unavailable
What is the revenue of Stanley J Glaser Foundation Fbo?
Stanley J Glaser Foundation Fbo's revenue in 2022 was $111,647.
Who are the executives of Stanley J Glaser Foundation Fbo and what are their salaries?
There is 1 key member and their salary:
- Compensation: $88,480
- Related: $0
- Other: $0
Where can I find the form 990 for Stanley J Glaser Foundation Fbo?
Stanley J Glaser Foundation Fbo's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stanley J Glaser Foundation Fbo
Stanley J Glaser Foundation Fbo is committed to operating for charitable, educational, scientific, or literary purposes. Their primary objective is to offer grants to organizations that are exempt from federal income tax under sections 501(A), 170(C), 501(C)(3), 2055(A), and 2522(A). The foundation's mission is specifically focused on providing financial support to research initiatives in fields that aim to discover and cure various diseases. By funding such projects, Stanley J Glaser Foundation Fbo contributes to the advancement of medical science and the betterment of human health. Their goal is to contribute to the ultimate eradication of diseases, thereby improving the quality of life for countless individuals worldwide.
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Impact
October, 2024
The Stanley J Glaser Foundation Fbo significantly impacts the advancement of research aimed at discovering and curing diseases. By providing grants to organizations dedicated to charitable, educational, scientific, and literary pursuits, the foundation fosters innovative research projects and educational initiatives. A notable partnership includes their support for the University of Miami, which contributes to cutting-edge research efforts.
Through its financial contributions, the foundation not only supports individual research endeavors but also promotes collaboration among various entities engaged in similar goals. This collective impact enhances the potential for breakthroughs in medical science, ultimately benefiting the wider community. By focusing on areas with significant health challenges, the foundation plays a pivotal role in advancing knowledge and solutions that can lead to improved health outcomes and disease prevention.
This information is meant to be a general summary of Stanley J Glaser Foundation Fbo. 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: $111,647
- Gross Receipts: $3,454,547
Assets and Liabilities:
- Total Assets: $6,025,267
- Total Liabilities: $0
- Net Assets: $6,025,267
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Organization Details
Founding Year
1992
Phone
(312) 630-6000Main Address
PO BOX 803878, CHICAGO, IL, 60680
NTEE Category
Code: B110 - Education
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