Overview
What is Baromedical Research Institute Ltd?
Baromedical Research Institute Ltd is a nonprofit organization situated in New Orleans, Louisiana. Their primary mission is to pioneer advancements in hyperbaric oxygen medical research. This work aims to develop novel treatments for patients facing seemingly insurmountable circumstances, such as those recovering from catastrophic injuries. By leveraging hyperbaric oxygen therapy, the institute strives to restore hope and improve their patients' quality of life. The organization is dedicated to this cause, using its resources to drive meaningful research and contribute to the medical community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (2-Star out of Four Star rating, 65%)
The Baromedical Research Institute Ltd has received a rating of "Needs Improvement" from Charity Navigator, indicating some significant concerns in its operational transparency and adherence to best practices. While the organization excels in accountability and finance, boasting a perfect score in this category, it struggles with transparency, particularly in the area of financial disclosures.
The organization's strengths lie in its independent board governance, with all members being independent and demonstrating a strong oversight capability. Additionally, the program expense ratio is remarkably high at 94.83%, reflecting a commitment to utilizing funds directly for its mission-related programs. However, the nonprofit has notable limitations concerning its financial statements and essential governance policies, all scoring zero, which indicates a lack of publicly accessible documentation and policies that are typically expected from organizations of its standing.
These weaknesses in transparency and documentation may raise concerns among potential donors and stakeholders who value accountability. Without the proper disclosures and policies in place, it may be difficult for the public to assess the organization's financial health and operational effectiveness fully.
This AI summary has been generated from information found on Charity Navigator.
Is Baromedical Research Institute Ltd legitimate?
Baromedical Research Institute Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baromedical Research Institute Ltd 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Baromedical Research Institute Ltd?
The Baromedical Research Institute Ltd is committed to driving forward hyperbaric oxygen medical research. Their primary objective is to develop new treatments, offering hope to patients who were previously considered beyond recovery from catastrophic injuries. By advancing this field, the institute aims to assist patients in their journey towards healing. Their mission is centered around utilizing hyperbaric oxygen therapy to transform the lives of those in desperate situations.
Who is the CEO of Baromedical Research Institute Ltd?
Keith Van Meter is the Director of Baromedical Research Institute Ltd.
What is the revenue of Baromedical Research Institute Ltd?
Baromedical Research Institute Ltd's revenue in 2023 was $768,776.
Who are the executives of Baromedical Research Institute Ltd and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Baromedical Research Institute Ltd?
Baromedical Research Institute Ltd's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Baromedical Research Institute Ltd
Baromedical Research Institute Ltd is committed to driving forward hyperbaric oxygen medical research with the goal of developing novel treatments. This mission is centered around reviving patients who were previously considered beyond help and aiding them in their recovery from devastating injuries. The institute's objective is to revolutionize the medical field and provide new alternatives for patients who may have been left with few options. By focusing on hyperbaric oxygen therapy, Baromedical Research Institute Ltd seeks to unlock the potential of this treatment method and bring about life-changing outcomes for patients.
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Impact
July, 2024
Baromedical Research Institute Ltd's impact lies in advancing hyperbaric oxygen medical research to develop new treatments for patients facing otherwise hopeless situations due to catastrophic injuries. By focusing on pioneering research in this field, the institute has the potential to bring back to life and aid in the recovery of individuals who may not have had access to such life-saving interventions otherwise. Their work in New Orleans, LA, is centered around pushing the boundaries of medical research to improve patient outcomes and provide hope where it may have been lacking.
This information is meant to be a general summary of Baromedical Research Institute Ltd. 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 2023.
- Investment Income: $17
- Program Service Revenue: $642,908
- Gross Receipts: $768,776
Assets and Liabilities:
- Total Assets: $538,265
- Total Liabilities: $0
- Net Assets: $538,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Van Meter & Associates
Revenue
$642,908
Organization Details
Founding Year
1984
Phone
(504) 366-1513Principal Officer
Keith Van Meter
Main Address
17 Carriage Ln, New Orleans, LA, 701146724
NTEE Category
Code: H00 - Medical research
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