Overview
What is The Ketamine Research Foundation?
The Ketamine Research Foundation is a charity based in San Anselmo, California, dedicated to exploring the therapeutic potential of Ketamine, a unique legal psychedelic substance. Their mission encompasses research, training, and education, aiming to unlock Ketamine's potential in psychiatric and psychotherapeutic science and clinical practice. Through their international collaborations, they have trained over 900 licensed professionals in ketamine-assisted psychotherapy, emphasizing the transformative impact of this approach on human well-being. The organization is committed to fostering creative, responsible research, ensuring appropriate safeguards and ethical standards while pushing the boundaries of psychedelic-assisted therapies to improve mental health treatments.
Official website here: www.ketamineresearchfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Ketamine Research Foundation holds a Two-Star out of Four Star rating on Charity Navigator, reflecting a need for improvement in accountability and finance. While the organization has a commendable Impact & Measurement Score of 86 and a perfect Leadership & Adaptability Score of 100, it struggles with governance issues, notably lacking independent board members and essential policies such as conflict of interest and whistleblower protections.
Strengths include a strong focus on program expenses, with an impressive Program Expense Ratio of 94.03%, indicating a commitment to its mission. Furthermore, the foundation shows excellence in feedback collection and usage, scoring a perfect 100 in both areas, and has defined strategic goals that aim to enhance research, outreach, and public awareness about ketamine's therapeutic potential.
However, significant weaknesses are evident in the organization's financial transparency, as it has not provided financial statements or posted its tax forms on its website. These gaps contribute to a low Accountability & Finance Score of 54, highlighting the need for better governance practices to strengthen stakeholder trust and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Ketamine Research Foundation legitimate?
The Ketamine Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ketamine Research 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: $172,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ketamineresearchfoundation.com
What is the mission statement of The Ketamine Research Foundation?
The Ketamine Research Foundation is dedicated to advancing the use of Ketamine in psychiatric and psychotherapeutic science and clinical practice. Its mission involves conducting research, providing training, and offering education to further develop Ketamine's applications. The foundation trains practitioners worldwide in Ketamine-assisted psychotherapy and educates the public on the potential benefits of Ketamine and psychedelic-assisted psychotherapies in human well-being. The organization's work is characterized by collaboration, an international presence, and a commitment to realizing Ketamine's potential as a transformative agent in mental health treatment.
Official website here: www.ketamineresearchfoundation.com
Who is the CEO of The Ketamine Research Foundation?
Philip E Wolfson Md is the CEO of The Ketamine Research Foundation The CEO's salary of The Ketamine Research Foundation is $172,737 and their total compensation is $172,737.
Official website here: www.ketamineresearchfoundation.com
What is the revenue of The Ketamine Research Foundation?
The Ketamine Research Foundation's revenue in 2023 was $884,311.
Official website here: www.ketamineresearchfoundation.com
Who are the executives of The Ketamine Research Foundation and what are their salaries?
Here are 8 key members and their salaries (The Ketamine Research Foundation's CEO's salary is $172,737 and their total compensation is $172,737):
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Official website here: www.ketamineresearchfoundation.com
Where can I find the form 990 for The Ketamine Research Foundation?
The Ketamine Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ketamineresearchfoundation.com
Learn more at the official website: www.ketamineresearchfoundation.com
Mission Statement of The Ketamine Research Foundation
The Ketamine Research Foundation, a leading organization in the field, is dedicated to advancing research, training, and education in the application of Ketamine for psychiatric and psychotherapeutic science and clinical practice. This foundation serves as a pioneer in the development of innovative therapeutic methodologies and practices, leveraging Ketamine's unique properties as the only legally available psychedelic medicine.
By focusing on the evolution of Ketamine's use, the foundation aims to pave the way for the implementation of new medicines as they become available. This approach fosters streamlined and creative research, ensuring appropriate safeguards and ethical standards are met. The Ketamine Research Foundation's mission is further exemplified by its extensive training of over 900 licensed individuals from around the globe in Ketamine-assisted psychotherapy.
In addition to research and training, the foundation is committed to education, highlighting the diverse potential benefits that Ketamine and psychedelic-assisted psychotherapies offer for human wellbeing. The Ketamine Research Foundation's dedication to collaboration, an international presence, and the fulfillment of Ketamine's potential as a transformative agent of change and growth is evident in the spectrum of programs and projects it supports.
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Impact
June, 2024
The Ketamine Research Foundation has had a significant impact on the field of mental health by conducting pioneering research, providing training, and promoting education in the development of Ketamine's use for psychiatric and psychotherapeutic science and clinical practice. As the only legally available medicine with psychedelic properties, Ketamine serves as the foundation for therapeutic methodologies that can pave the way for the utilization of other medicines in the future. Through collaboration and an international organizational presence, the Foundation has trained over 900 licensed individuals in ketamine-assisted psychotherapy, demonstrating its commitment to maximizing the potential benefits of ketamine and psychedelic-assisted psychotherapies for human well-being.
This information is meant to be a general summary of The Ketamine Research 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 2023.
- Investment Income: $536
- Program Service Revenue: $691,065
- Gross Receipts: $890,296
Assets and Liabilities:
- Total Assets: $609,263
- Total Liabilities: $8,892
- Net Assets: $600,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Therapist Training
Revenue
$691,065
Organization Details
Founding Year
2017
Principal Officer
Philip E Wolfson Md
NTEE Category
Code: F05 - Mental health
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