Overview
What is Mq Foundation Inc?
Mq Foundation Inc, based in New York, NY, is a nonprofit organization dedicated to promoting and advancing mental health research. Their mission is to delve into the nature, causes, diagnosis, treatment, cure, and prevention of various mental illnesses. They strive to foster public awareness and support for this crucial research, with a recent grant of $1.3 million supporting early career researchers focused on adolescent mental health. Despite the limited information provided, it is clear that Mq Foundation Inc is an essential player in the field of mental health research.
Official website here: www.schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Mq Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization achieved a high score of 91% in this category, demonstrating a commitment to transparency and effective management of resources. Key strengths include a fully independent board, adherence to financial oversight protocols, and a comprehensive conflict of interest policy.
The organization has excelled in various metrics, with particular strengths in its program expense ratio, indicating that a significant portion of its resources is directed towards its mission-driven activities. The absence of any material diversion of assets and a well-documented approach to governance further bolster its accountability framework.
However, while the liabilities to assets ratio is respectable, it could be an area for improvement, as the organization scored lower in this aspect. Overall, Mq Foundation Inc is a well-managed nonprofit that prioritizes financial integrity and accountability, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Mq Foundation Inc legitimate?
Mq Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mq 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: $315,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.schedule o
What is the mission statement of Mq Foundation Inc?
Mq Foundation Inc's mission is dedicated to advancing and supporting mental health research, with a focus on understanding the nature, causes, diagnosis, treatment, cure, and prevention of various mental illnesses. The organization seeks to raise public awareness and support for this critical research and treatment. Specifically, they aim to foster a better understanding of adolescent mental health. Recently, they made a significant grant of $1.3 million towards early career research in this field.
Official website here: www.schedule o
Who is the CEO of Mq Foundation Inc?
John Herrmann Jr is the Chairman & Founder of Mq Foundation Inc.
Official website here: www.schedule o
What is the revenue of Mq Foundation Inc?
Mq Foundation Inc's revenue in 2022 was $1,898,686.
Official website here: www.schedule o
Who are the executives of Mq Foundation Inc and what are their salaries?
The average compensation at Mq Foundation Inc during 2022 was $315,000. There is 1 employee and 10 volunteers at Mq Foundation Inc.
Here are 11 key members and their salaries:
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- Compensation: $240,000
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- Other: $75,000
Official website here: www.schedule o
Where can I find the form 990 for Mq Foundation Inc?
Mq Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.schedule o
Learn more at the official website: www.schedule o
Mission Statement of Mq Foundation Inc
Mq Foundation Inc, a non-profit organization, is dedicated to promoting, advancing, fostering, and supporting mental health research. Their mission is specifically focused on understanding the nature, cause, diagnosis, treatment, cure, and prevention of all forms of mental illness. In addition, they aim to increase public awareness and support for this crucial research. Through their efforts, Mq Foundation Inc is striving to transform mental health by funding early career researchers who are focusing on adolescent mental health. A recent grant of $1,300,000 was given to support this research endeavor.
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Impact
June, 2024
Mq Foundation Inc is making a significant impact in the field of mental health research by promoting, advancing, fostering, and supporting research into the nature, cause, diagnosis, treatment, cure, and prevention of all forms of mental illness. Their grant of $1,300,000 to MQ: Transforming Mental Health for research funding for early career researchers focused on adolescent mental health demonstrates their commitment to supporting important research initiatives. Through their efforts, Mq Foundation Inc is playing a crucial role in advancing our understanding of mental health issues and promoting public awareness and support for this important cause.
This information is meant to be a general summary of Mq 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 2022.
- Investment Income: $934
- Gross Receipts: $1,923,057
Assets and Liabilities:
- Total Assets: $1,588,021
- Total Liabilities: $676,956
- Net Assets: $911,065
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Organization Details
Founding Year
2018
Phone
(800) 208-0673Principal Officer
John Herrmann Jr
Main Address
12 EAST 49TH STREET 41ST FLOOR, NEW YORK, NY, 10017
Website
www.schedule oNTEE Category
Code: F12 - Mental health
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