Overview
What is Mho Research Foundation Inc?
Mho Research Foundation Inc, established in New York, New York, is a compact nonprofit organization with a dedicated team of two individuals. Its primary purpose is to conduct and support research focused on hematologic and oncologic diseases. By investing in this field, the foundation aims to contribute to medical advancements and potentially improve the lives of those affected by these diseases. The foundation's activities are centered around supporting groundbreaking research, fostering collaboration, and driving progress in the understanding and treatment of hematologic and oncologic disorders.
Official website here: www.mhony.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Overall Score: 73%
The Mho Research Foundation Inc received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization demonstrates strong governance with a fully independent board and no material diversion of assets, it lacks essential policies such as conflict of interest and whistleblower protections, which are critical for maintaining transparency and trust.
Financially, the foundation appears to manage its resources well, with a program expense ratio of nearly 72%, suggesting that a significant portion of its funds is directed towards its mission-related activities. Additionally, it maintains a low liabilities to assets ratio, reflecting a stable financial position. However, the absence of certain disclosures, including the nonprofit's website and tax forms, raises concerns about accessibility and openness.
While the foundation shows promise in its financial management and governance, the noted deficiencies in policy documentation and public transparency present limitations that could affect donor confidence and stakeholder trust. Addressing these issues would be vital for improving its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mho Research Foundation Inc legitimate?
Mho Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mho Research Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,324
For more financial information, click here
Official website here: www.mhony.com
What is the mission statement of Mho Research Foundation Inc?
The Mho Research Foundation Inc was established with a mission to conduct and support research focused on hematologic and oncologic diseases. Their primary goal is to contribute to the advancement of knowledge in these fields, ultimately aiming to make significant strides in finding solutions and treatments for these diseases. The foundation's activities primarily revolve around supporting research efforts, with a focus on hematological and oncological conditions. By doing so, they aim to contribute to the broader medical community and potentially improve the lives of those affected by these diseases.
Official website here: www.mhony.com
What is the revenue of Mho Research Foundation Inc?
Mho Research Foundation Inc's revenue in 2023 was $50,467.
Official website here: www.mhony.com
Who are the executives of Mho Research Foundation Inc and what are their salaries?
The average compensation at Mho Research Foundation Inc during 2023 was $47,662. There are 2 employees at Mho Research Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mhony.com
Where can I find the form 990 for Mho Research Foundation Inc?
Mho Research Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mhony.com
Learn more at the official website: www.mhony.com
Mission Statement of Mho Research Foundation Inc
Mho Research Foundation Inc is dedicated to conducting and supporting research related to hematologic and oncologic diseases. The organization's mission is to delve into these medical conditions, seeking innovative solutions and advancements. By focusing on hematologic and oncologic diseases, Mho Research Foundation Inc aims to contribute significantly to the medical field, potentially leading to improved treatments and better outcomes for patients battling these ailments.
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Impact
August, 2024
Mho Research Foundation Inc, through its focused efforts on conducting and supporting research concerning hematologic and oncologic diseases, is making a significant impact in the field of medical research. By dedicating its resources to advancing the understanding and treatment of these diseases, Mho Research Foundation Inc is contributing valuable knowledge and insights that have the potential to improve the lives of many individuals impacted by hematologic and oncologic conditions. Its mission-driven work in New York serves as a crucial pillar in the ongoing fight against these diseases, ultimately leading to advancements in healthcare and patient outcomes.
This information is meant to be a general summary of Mho Research Foundation 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 2023.
- Investment Income: $706
- Gross Receipts: $50,467
Assets and Liabilities:
- Total Assets: $215,176
- Total Liabilities: $357
- Net Assets: $214,819
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Organization Details
Founding Year
2016
Principal Officer
Alec Goldenberg
Website
www.mhony.comNTEE Category
Code: G05 - Disease
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