Overview
What is California Biotechnology Foundation?
The California Biotechnology Foundation, located in Sacramento, California, serves as an informational resource for the public on biotechnology and healthcare-related issues. They actively engage with policymakers through email updates, newsletters, and social media, positioning themselves as a go-to source for learning about life sciences in California. The foundation shares updates on emerging health challenges such as COVID-19 and MPox, providing fact sheets and timelines to dispel misinformation and highlight advancements in testing, treatments, and vaccines. They also maintain relationships with stakeholders, amplifying their news and events through social media campaigns. Additionally, the foundation hosts events and tours to showcase the role of life sciences in combating diseases, such as COVID-19.
Official website here: www.cabiotech.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 60%, earning a Two-Star out of Four Star rating. The California Biotechnology Foundation has been given a two-star rating which indicates that there are significant areas that require improvement in terms of accountability and financial practices. The foundation scores particularly well in its program expense ratio, which stands at 86.74%, suggesting that a substantial portion of its funds are directed toward its programs rather than administrative costs.
Strengths of the organization include having a majority of independent board members, contributing positively to governance structure. Additionally, the foundation demonstrates a solid liabilities to assets ratio of 0.00%, indicating no financial liabilities, which is a positive indicator of financial health. However, the overall accountability score reflects several shortcomings, particularly the lack of financial statements and essential governance policies such as conflict of interest and whistleblower policies.
On the downside, the California Biotechnology Foundation has several areas that need improvement, including missing financial documentation and governance policies. The absence of published tax forms and board meeting minutes raises concerns about transparency. These deficiencies may affect trust among donors and stakeholders, highlighting the need for the organization to enhance its accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is California Biotechnology Foundation legitimate?
California Biotechnology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Biotechnology 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: $207,162
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cabiotech.org
What is the mission statement of California Biotechnology Foundation?
The California Biotechnology Foundation's primary objective is to educate the public about biotechnology and healthcare-related issues. The foundation achieves this by publishing weekly COVID-19 updates, utilizing social media and digital advertising to share information, and engaging with policymakers. They aim to position themselves as a reliable source of information about California's life sciences industry. The foundation also develops fact sheets on various topics, such as the timeline of life science medical innovations, and maintains relationships with stakeholders. They execute social media campaigns to educate stakeholders and bring offline activities into a digital environment.
Official website here: www.cabiotech.org
Who is the CEO of California Biotechnology Foundation?
Patricia Cooper is the Treasurer of California Biotechnology Foundation.
Official website here: www.cabiotech.org
What is the revenue of California Biotechnology Foundation?
California Biotechnology Foundation's revenue in 2022 was $872,550.
Official website here: www.cabiotech.org
Who are the executives of California Biotechnology Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $169,180
- Related: $0
- Other: $37,982
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cabiotech.org
Where can I find the form 990 for California Biotechnology Foundation?
California Biotechnology Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cabiotech.org
Learn more at the official website: www.cabiotech.org
Mission Statement of California Biotechnology Foundation
California Biotechnology Foundation, in its mission, aims to enlighten the public about biotechnology and healthcare-related matters. The organization actively works towards this goal by educating the public through various means. This includes publishing weekly COVID-19 update newsletters, sharing updates on emerging public health challenges like MPox, and creating fact sheets to dispel misinformation related to vaccine development and deployment. The foundation also engages policymakers through regular email updates, newsletter content, and social media, positioning itself as a reliable resource for learning about California's life sciences industry.
In addition to education, California Biotechnology Foundation engages in various activities to promote stakeholder relationships. This includes attending stakeholder meetings, highlighting stakeholders at events, and sharing their latest news and events on social media. The foundation also executes social media and digital display campaigns to educate stakeholders, strategically deploying digital resources to bring offline activities into a digital environment. During awareness months like Hispanic Heritage Month and Breast Cancer Awareness Month, the foundation highlights healthcare stakeholders on social media. Overall, California Biotechnology Foundation's mission is to educate the public about biotechnology and healthcare, engage with stakeholders, and promote the life sciences industry in California.
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Impact
July, 2024
California Biotechnology Foundation's impact can be seen in its dedication to educating the public about the advancements in biotechnology and healthcare-related fields. The foundation has made significant strides in highlighting the life science industry's efforts to combat COVID-19 and other illnesses.
In 2022, the foundation continued to publish a weekly COVID-19 update newsletter, providing emerging news and relevant information on life science advancements in testing, treatments, and vaccines. Through social media, the website, and digital advertising, the foundation shared updates on the emerging MPox public health challenge, emphasizing efforts to prevent it from reaching pandemic status. Additionally, the foundation developed a COVID-19 timeline fact sheet detailing vaccines, tests, and treatments for its monthly newsletter.
Furthermore, the foundation has engaged policymakers through regular email updates, newsletter content, and social media platforms, positioning itself as a go-to informational resource for learning more about California's life sciences industry. It has also organized events, such as a tour of Washington's life sciences sector with industry representatives, to provide valuable insights and foster collaboration.
Through collateral such as facts sheets, updates, and newsletters, the foundation has disseminated crucial information on various topics, including the role of California in developing approaches to combat COVID-19, the impact of the 340B Drug Discount Program, and health plan expenditures. By maintaining stakeholder relationships, attending meetings, and amplifying the latest news and events, the foundation has further solidified its role in the life sciences community.
Moreover, the foundation has executed social media campaigns to leverage facts about life sciences in California, designing and deploying multiple campaigns to educate stakeholders. By embracing digital platforms and maintaining a robust organic social media presence, the foundation has successfully brought traditionally offline activities into a digital environment, reaching a broader audience and increasing awareness about the vital work being done in the field.
This information is meant to be a general summary of California Biotechnology 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.
- Gross Receipts: $872,550
Assets and Liabilities:
- Total Assets: $40,661
- Total Liabilities: $0
- Net Assets: $40,661
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Organization Details
Founding Year
2008
Phone
(916) 233-3499Principal Officer
Patricia Cooper
Main Address
1215 K ST 970, SACRAMENTO, CA, 95814
Website
www.cabiotech.orgNTEE Category
Code: U99 - Science research
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