Overview
What is Caring Cross Inc?
Caring Cross Inc, headquartered in Gaithersburg, Maryland, is a nonprofit organization dedicated to making advanced medicines more accessible and affordable for individuals battling various health conditions. They achieve this by fostering a collaborative community of caregivers, innovators, volunteers, and partners. Their mission involves developing and delivering curative therapies for patients suffering from infectious diseases such as HIV and cancer, as well as genetic disorders and other serious disorders. The University of Delaware has partnered with Caring Cross Inc to establish research development and testbeds aimed at combating the coronavirus. With a workforce of 14 individuals, Caring Cross Inc continues to contribute to the healthcare sector, striving to improve lives and provide affordable access to life-saving treatments.
Official website here: www.caringcross.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Caring Cross Inc has received a Two-Star rating from Charity Navigator, indicating some concerns about its overall accountability and financial transparency. While the organization has a commendable percentage of independent board members and a solid score in areas like conflict of interest and whistleblower policies, it rated poorly in financial statements, receiving no points for this category. This lack of financial documentation raises questions about the organization’s fiscal practices.
The organization demonstrates a strong commitment to governance, evidenced by its independent board structure and the absence of material diversion of assets. Furthermore, it maintains a healthy liabilities to assets ratio, signifying effective management of financial risks. However, its program expense ratio, being below the optimal scoring threshold, suggests that a larger share of its funds may be allocated towards administrative costs rather than direct program services, which could impact its mission effectiveness.
Overall, while Caring Cross Inc shows strengths in governance and management practices, the lack of financial transparency and lower program expense ratio may limit its effectiveness in fulfilling its charitable mission. Potential donors and stakeholders may want to consider these factors when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Caring Cross Inc legitimate?
Caring Cross Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caring Cross 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: $495,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,032
For more financial information, click here
Official website here: www.caringcross.org
What is the mission statement of Caring Cross Inc?
Caring Cross Inc's mission is centered around the belief that every individual should have access to advanced medical treatments, regardless of cost. They achieve this by fostering a community of caregivers, innovators, volunteers, and partners who collaborate to develop and deliver curative therapies for patients battling various serious disorders, including infectious diseases like HIV and cancer, as well as genetic diseases. Their primary focus is on infectious diseases and other severe health conditions.
Official website here: www.caringcross.org
Who is the CEO of Caring Cross Inc?
Boro Dropulic is the Principal Officer of Caring Cross Inc.
Official website here: www.caringcross.org
What is the revenue of Caring Cross Inc?
Caring Cross Inc's revenue in 2022 was $2,984,742.
Official website here: www.caringcross.org
Who are the executives of Caring Cross Inc and what are their salaries?
The average compensation at Caring Cross Inc during 2022 was $103,228. There are 14 employees at Caring Cross Inc.
Here are 16 key members and their salaries:
- Compensation: $270,846
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Official website here: www.caringcross.org
Where can I find the form 990 for Caring Cross Inc?
Caring Cross Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caringcross.org
Learn more at the official website: www.caringcross.org
Mission Statement of Caring Cross Inc
Caring Cross Inc, a dedicated organization, is committed to a mission that strives to make advanced medicines accessible and affordable for everyone battling infectious diseases, cancer, genetic disorders, and other serious conditions. The organization achieves this by fostering a collaborative community of caregivers, innovators, volunteers, and partners. This community works together to develop and deliver curative therapies, ensuring that patients in need have access to life-saving treatments.
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Impact
July, 2024
Caring Cross Inc is making a tangible impact by providing access to advanced medicines at an affordable cost. They are actively collaborating with caregivers, innovators, volunteers, and partners to develop and deliver curative therapies for patients facing serious infectious diseases like HIV, cancer, genetic disorders, and others. Their work at the University of Delaware's NIIMBL Research Development and Testbeds is specifically geared towards helping the nation prevent, prepare for, and respond to health crises such as the coronavirus outbreak. Through their dedication to medical research, Caring Cross Inc is transforming the lives of those affected by debilitating illnesses and contributing significantly to the advancement of healthcare solutions.
This information is meant to be a general summary of Caring Cross 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 2022.
- Investment Income: $6,183
- Program Service Revenue: $79,125
- Gross Receipts: $2,984,742
Assets and Liabilities:
- Total Assets: $1,942,182
- Total Liabilities: $364,092
- Net Assets: $1,578,090
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Organization Details
Founding Year
2019
Phone
(703) 851-3563Principal Officer
Boro Dropulic
Main Address
910 CLOPPER ROAD SUITE 200S, Gaithersburg, MD, 20878
Website
www.caringcross.orgNTEE Category
Code: H99 - Medical research
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