Overview
What is Biomedical Research Foundation?
The Biomedical Research Foundation is a nonprofit organization situated in Little Rock, Arkansas, specifically at 4300 WEST 7TH STREET. Their primary mission is to enhance the research and educational initiatives of the Department of Veterans Affairs by funding projects at the John L. McClellan Memorial Veterans Hospital. This support primarily focuses on clinical and basic research projects aimed at improving the understanding and treatment of diseases, with a particular emphasis on those affecting the veteran population. The foundation has backed around 30 studies at the hospital, primarily in the fields of cardiovascular, vascular, renal function, hypertension, PTSD, and aging. The results of these studies have led to multiple peer-reviewed publications. The organization employs a team of 26 individuals.
Official website here: www.biomedicalresearchfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Biomedical Research Foundation has achieved an impressive four-star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 96%. This rating indicates a commitment to transparency and effective management, which is critical for donor trust and engagement. The foundation's entire score is derived from its accountability and finance metrics, showcasing a robust financial framework.
One of the notable strengths of the Biomedical Research Foundation is its governance structure, with 100% of its board members being independent. The foundation has established comprehensive policies, including conflict of interest and whistleblower policies, which are crucial for maintaining ethical standards and accountability. Additionally, it has no reported material diversion of assets, further reinforcing its commitment to responsible management.
Despite these strengths, it's essential to consider that the rating is solely based on accountability and finance metrics. While these are critical factors, potential donors may also want to evaluate the foundation's programmatic impact and effectiveness in achieving its mission, which is not reflected in this specific rating. Overall, the Biomedical Research Foundation stands out for its strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Biomedical Research Foundation legitimate?
Biomedical Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $127,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $844,776
For more financial information, click here
Official website here: www.biomedicalresearchfoundation.org
What is the mission statement of Biomedical Research Foundation?
The Biomedical Research Foundation's mission is to contribute to the research and education mission of the Department of Veterans Affairs. It achieves this by supporting research-related activities, specifically focusing on human diseases that affect veterans. The foundation primarily supports clinical and basic research projects, with a focus on areas such as cardiovascular, vascular, renal function, hypertension, PTSD, and aging. The supported studies, numbering around 30, yielded several peer-reviewed publications, contributing to a better understanding and treatment of these conditions.
Official website here: www.biomedicalresearchfoundation.org
Who is the CEO of Biomedical Research Foundation?
Alan Wolfman is the President of Biomedical Research Foundation.
Official website here: www.biomedicalresearchfoundation.org
What is the revenue of Biomedical Research Foundation?
Biomedical Research Foundation's revenue in 2022 was $1,219,275.
Official website here: www.biomedicalresearchfoundation.org
Who are the executives of Biomedical Research Foundation and what are their salaries?
The average compensation at Biomedical Research Foundation during 2022 was $37,382. There are 26 employees at Biomedical Research Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $391,994
- Other: $107,943
- Compensation: $0
- Related: $331,059
- Other: $91,785
- Compensation: $0
- Related: $314,435
- Other: $86,617
- Compensation: $0
- Related: $311,310
- Other: $69,115
- Compensation: $0
- Related: $295,185
- Other: $83,280
- Compensation: $127,161
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.biomedicalresearchfoundation.org
Where can I find the form 990 for Biomedical Research Foundation?
Biomedical Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biomedicalresearchfoundation.org
Learn more at the official website: www.biomedicalresearchfoundation.org
Mission Statement of Biomedical Research Foundation
The Biomedical Research Foundation is committed to advancing the research and educational mission of the Department of Veterans Affairs. Specifically, it supports research-related activities at the John L. McClellan Memorial Veterans Hospital in Little Rock, Arkansas. This nonprofit organization aims to enhance our understanding and treatment of various human diseases, with a particular focus on those affecting the veteran population. Through its efforts, approximately 30 clinical and basic research projects were funded, covering areas such as cardiovascular, vascular, renal function, hypertension, PTSD, and aging. The foundation's contributions have led to numerous peer-reviewed publications, derived from the results of these studies.
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Impact
July, 2024
Biomedical Research Foundation has made a significant impact by advancing the research and education mission of the Department of Veterans Affairs at the John L. McClellan Memorial Veterans Hospital in Little Rock, Arkansas. The foundation has supported both clinical and basic research projects aimed at improving the treatment and understanding of human diseases, with a specific focus on the veteran population.
Approximately 30 studies at the VA Medical Center have been supported through foundation funding, covering areas such as cardiovascular health, vascular diseases, renal function, hypertension, PTSD, and aging. The research efforts have led to multiple peer-reviewed publications that are poised to contribute valuable insights to the field of medical research.
Overall, Biomedical Research Foundation's dedication to supporting research related activities at the veterans hospital in Little Rock has undoubtedly enhanced the quality of healthcare and treatment options available to veterans, ultimately contributing to the advancement of medical science and improving outcomes for those who have served our country.
This information is meant to be a general summary of 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: $3,781
- Program Service Revenue: $1,214,351
- Gross Receipts: $1,219,275
Assets and Liabilities:
- Total Assets: $1,305,966
- Total Liabilities: $101,055
- Net Assets: $1,204,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IPA REVENUE
Revenue
$693,260
FEDERAL CONTRACT & GRANT REV
Revenue
$413,720
NON-FED CONTRACT & GRANT REV
Revenue
$107,371
Organization Details
Founding Year
1989
Phone
(501) 257-4516Principal Officer
Alan Wolfman
Main Address
4300 WEST 7TH STREET, LITTLE ROCK, AR, 72205
NTEE Category
Code: H90 - Medical research
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