Overview
What is Institute For Protein Innovation Inc?
The Institute for Protein Innovation Inc., situated in Boston, Massachusetts, serves as a bridge between academia and industry. With a mission to advance protein science, it aims to accelerate research and improve human health. The organization boasts a team of 61 dedicated professionals and has developed a high-throughput antibody discovery platform. Utilizing this platform, they have synthesized and characterized thousands of synthetic recombinant antibodies against numerous protein targets. This work is carried out in collaboration with researchers from various industries and academic institutions, aiming to expedite research and pioneer new therapeutics for better health outcomes.
Official website here: www.proteininnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Institute For Protein Innovation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 90%, the charity demonstrates a solid commitment to transparency and responsible financial practices, as evidenced by its high marks in various criteria, including independent board member representation and the absence of material asset diversion.
A notable strength of the organization is its governance structure, with a board comprised of 90% independent members. This independence enhances oversight and reduces potential conflicts of interest. Additionally, the charity maintains a comprehensive set of policies, including conflict of interest and whistleblower policies, which are crucial for maintaining ethical standards and accountability within the organization.
However, while the program expense ratio is relatively healthy at 65.53%, it indicates that there is room for improvement in program spending relative to total expenses. Overall, the Institute For Protein Innovation demonstrates a robust financial profile and a strong governance framework, making it a trustworthy choice for donors interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Protein Innovation Inc legitimate?
Institute For Protein Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Protein Innovation 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: $995,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,237,840
For more financial information, click here
Official website here: www.proteininnovation.org
What is the mission statement of Institute For Protein Innovation Inc?
The Institute for Protein Innovation Inc's mission is to advance protein science, aiming to accelerate research and improve human health. They accomplish this by providing synthetic antibodies and offering deep protein expertise in collaboration with Boston Children's Hospital and other academic and industry partners. Since its inception, the Institute has produced and characterized thousands of synthetic recombinant antibodies against hundreds of protein targets using its high-throughput antibody discovery platform. The Institute collaborates with researchers in both academia and industry, utilizing these antibodies to accelerate research and enable the development of new therapeutics that can enhance human health.
Official website here: www.proteininnovation.org
Who is the CEO of Institute For Protein Innovation Inc?
Kenneth Fasman is the CEO of Institute For Protein Innovation Inc The CEO's salary of Institute For Protein Innovation Inc is $523,681 and their total compensation is $610,945.
Official website here: www.proteininnovation.org
What is the revenue of Institute For Protein Innovation Inc?
Institute For Protein Innovation Inc's revenue in 2024 was $4,647,929.
Official website here: www.proteininnovation.org
Who are the executives of Institute For Protein Innovation Inc and what are their salaries?
The average compensation at Institute For Protein Innovation Inc during 2024 was $115,436. There are 54 employees and 11 volunteers at Institute For Protein Innovation Inc.
Here are 18 key members and their salaries (Institute For Protein Innovation Inc's CEO's salary is $523,681 and their total compensation is $610,945):
- Compensation: $523,681
- Related: $0
- Other: $87,264
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- Compensation: $65,843
- Related: $0
- Other: $8,480
- Compensation: $344,886
- Related: $0
- Other: $58,551
- Compensation: $231,256
- Related: $0
- Other: $42,807
- Compensation: $265,366
- Related: $0
- Other: $47,767
- Compensation: $183,610
- Related: $0
- Other: $28,285
- Compensation: $180,719
- Related: $0
- Other: $33,284
Official website here: www.proteininnovation.org
Where can I find the form 990 for Institute For Protein Innovation Inc?
Institute For Protein Innovation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.proteininnovation.org
Learn more at the official website: www.proteininnovation.org
Mission Statement of Institute For Protein Innovation Inc
The Institute for Protein Innovation Inc is committed to advancing protein science with the aim of accelerating research and improving human health. This organization, which collaborates with Boston Children's Hospital and other academic and industry partners, provides synthetic antibodies and deep protein expertise to facilitate research in various sectors. Since its inception, the Institute has successfully produced and characterized thousands of synthetic recombinant antibodies against numerous protein targets using its high-throughput antibody discovery platform. The Institute's work with researchers in academia and industry allows for the acceleration of research and the development of new therapeutics that ultimately contribute to enhanced human health.
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Impact
July, 2024
Institute For Protein Innovation Inc is advancing protein science to accelerate research and improve human health. The organization provides academia and industry with synthetic antibodies and deep protein expertise in collaboration with Boston Children's Hospital and other academic and industry partners. Since its inception, the institute has produced and characterized thousands of synthetic recombinant antibodies against hundreds of protein targets via its high-throughput antibody discovery platform. By collaborating with researchers in industry and academia, the institute is facilitating accelerated research and enabling the development of new therapeutics that aim to enhance human health.
This information is meant to be a general summary of Institute For Protein Innovation 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 2024.
- Investment Income: $5,291,607
- Program Service Revenue: $42,841
- Gross Receipts: $88,781,491
Assets and Liabilities:
- Total Assets: $191,011,980
- Total Liabilities: $1,081,048
- Net Assets: $189,930,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSING REVENUE
Revenue
$42,841
Organization Details
Founding Year
2016
Principal Officer
Kenneth Fasman Phd
Website
www.proteininnovation.orgNTEE Category
Code: H99 - Medical research
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