Overview
What is Bill & Melinda Gates Medical Research Institute?
Bill & Melinda Gates Medical Research Institute, or Gates MRI, is a nonprofit organization committed to improving global health by researching, developing, and effectively implementing novel biomedical interventions in low- and lower-middle-income countries. The institute collaborates with partner organizations to coordinate and drive biopharmaceutical research and development activities, particularly for diseases with insufficient investment from traditional biopharmaceutical organizations. Gates MRI focuses on reducing the burden of malaria, tuberculosis, diarrheal diseases, and maternal, newborn, and child illnesses worldwide. The institute conducts medical research directly with hospitals to tackle major causes of illness and death in underprivileged regions. Currently, Gates MRI has a team of 138 employees.
Official website here: www.gatesmri.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85%, Three-Star out of Four Star rating.
The Bill & Melinda Gates Medical Research Institute has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization excels in various categories, achieving high scores in essential areas such as audit oversight, conflict of interest policies, and transparency in its financial reporting. With a program expense ratio of 87.34%, it demonstrates a focus on utilizing funds effectively for its mission-related activities.
The organization's financial health is further evidenced by a low liabilities-to-assets ratio of 27.51%, indicating a balanced fiscal structure. The rigorous oversight mechanisms, including a documented whistleblower policy and board meeting minutes, suggest a robust governance framework. This high level of accountability contributes positively to the charity's overall score.
While the rating is commendable, potential donors should consider any limitations in available user feedback, as detailed qualitative assessments on program impact and community engagement were not highlighted in the data. Overall, the organization appears to be a responsible steward of its resources, fostering confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Bill & Melinda Gates Medical Research Institute legitimate?
Bill & Melinda Gates Medical Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bill & Melinda Gates Medical Research Institute 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: $4,001,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,758,306
For more financial information, click here
Official website here: www.gatesmri.org
What is the mission statement of Bill & Melinda Gates Medical Research Institute?
The Bill & Melinda Gates Medical Research Institute is committed to addressing major causes of illness and death in low-and lower-middle-income countries by engaging directly in the conduct of medical research in collaboration with hospitals. Guided by the belief that every person deserves the opportunity to lead a healthy and productive life, the institute focuses on developing novel biomedical interventions for global health concerns where traditional biopharmaceutical organizations have insufficient investment. The Gates Medical Research Institute partners with collaborating organizations to coordinate and drive biopharmaceutical research and development activities, including pre-clinical and clinical development. Beyond tuberculosis research, the institute aims to reduce the burden of malaria, diarrheal diseases, and maternal, newborn, and child illnesses worldwide.
Official website here: www.gatesmri.org
Who is the CEO of Bill & Melinda Gates Medical Research Institute?
Mahendra Pattni is the Director, Board Chair of Bill & Melinda Gates Medical Research Institute. The CEO's salary of Bill & Melinda Gates Medical Research Institute is $778,982 and their total compensation is $849,038.
Official website here: www.gatesmri.org
What is the revenue of Bill & Melinda Gates Medical Research Institute?
Bill & Melinda Gates Medical Research Institute's revenue in 2022 was $12,321,803.
Official website here: www.gatesmri.org
Who are the executives of Bill & Melinda Gates Medical Research Institute and what are their salaries?
The average compensation at Bill & Melinda Gates Medical Research Institute during 2022 was $237,393. There are 138 employees at Bill & Melinda Gates Medical Research Institute.
Here are 19 key members and their salaries (Bill & Melinda Gates Medical Research Institute's CEO's salary is $778,982 and their total compensation is $849,038):
- Compensation: $0
- Related: $1,249,224
- Other: $72,659
- Compensation: $0
- Related: $879,108
- Other: $74,725
- Compensation: $0
- Related: $572,338
- Other: $73,105
- Compensation: $0
- Related: $32,038
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $778,982
- Related: $0
- Other: $70,056
- Compensation: $448,355
- Related: $0
- Other: $83,975
- Compensation: $416,831
- Related: $0
- Other: $83,783
- Compensation: $725,742
- Related: $0
- Other: $87,774
- Compensation: $585,274
- Related: $0
- Other: $71,664
- Compensation: $565,246
- Related: $0
- Other: $84,218
- Compensation: $538,738
- Related: $0
- Other: $83,665
- Compensation: $485,103
- Related: $0
- Other: $71,888
- Compensation: $471,658
- Related: $0
- Other: $84,570
- Compensation: $477,427
- Related: $0
- Other: $71,992
- Compensation: $461,406
- Related: $0
- Other: $58,970
- Compensation: $78,357
- Related: $0
- Other: $18,749
- Compensation: $487,966
- Related: $0
- Other: $86,684
- Compensation: $465,694
- Related: $0
- Other: $74,632
Official website here: www.gatesmri.org
Where can I find the form 990 for Bill & Melinda Gates Medical Research Institute?
Bill & Melinda Gates Medical Research Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gatesmri.org
Learn more at the official website: www.gatesmri.org
Mission Statement of Bill & Melinda Gates Medical Research Institute
Bill & Melinda Gates Medical Research Institute (Gates MRI) is a pioneering institution committed to making a significant impact on global health by engaging directly in medical research alongside hospitals. Its mission is to address major causes of illness and death in low-and lower-middle-income countries through innovative biomedical interventions.
Guided by the belief that every person deserves a healthy and productive life, Gates MRI focuses on research, development, and effective use of novel interventions, which traditional biopharmaceutical organizations may overlook due to insufficient investment. Collaborating with partners and organizations, Gates MRI coordinates and drives biopharmaceutical research and development activities, from pre-clinical development to clinical development.
Beyond its work on tuberculosis, Gates MRI concentrates on programs aimed at reducing the burden of malaria, diarrheal diseases, and maternal, newborn, and child illnesses worldwide. The institute's dedication to global health research is aligned with the vision of the Bill & Melinda Gates Foundation, striving to create opportunities for a healthier future for people in need.
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Impact
October, 2024
The Bill & Melinda Gates Medical Research Institute (Gates MRI) significantly impacts global health by conducting focused medical research aimed at addressing major health issues in low- and lower-middle-income countries. By collaborating with hospitals and healthcare partners, Gates MRI develops innovative biomedical interventions for diseases that disproportionately affect vulnerable populations, including tuberculosis, malaria, diarrheal diseases, and maternal, newborn, and child health issues.
Recognizing the gap in investment from traditional biopharmaceutical organizations for these pressing global health concerns, Gates MRI mobilizes resources and expertise to drive the development of necessary treatments. Their work encompasses various stages of biopharmaceutical research, from pre-clinical development to clinical trials, ensuring that effective solutions are available to those in need.
Through its targeted research initiatives, Gates MRI not only aims to reduce illness and mortality rates but also empowers communities by fostering healthier lives and increased productivity. This approach aligns with the broader vision of universal health access, reinforcing the idea that everyone deserves the opportunity to lead a healthy life. Their contributions are vital in transforming healthcare landscapes in regions where such advancements can make a critical difference.
This information is meant to be a general summary of Bill & Melinda Gates Medical Research Institute. 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: $58,534
- Gross Receipts: $12,321,803
Assets and Liabilities:
- Total Assets: $186,459,426
- Total Liabilities: $51,302,471
- Net Assets: $135,156,955
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Organization Details
Founding Year
2017
Phone
(857) 702-2108Principal Officer
Mahendra Pattni
Main Address
ONE KENDALL SQ BLDG 600 6-301, CAMBRIDGE, MA, 02139
Website
www.gatesmri.orgNTEE Category
Code: E05 - Health
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