Overview
What is Aim-Hi Accelerator Fund Inc?
Aim-Hi Accelerator Fund Inc is a 501(C)(3) nonprofit organization, headquartered in Rockville, Maryland. Established with an initial grant from the National Foundation for Cancer Research, their mission is to facilitate the translation of cancer drug discoveries into commercially viable oncology start-ups. This is achieved through venture philanthropy, offering seed funding and sustainable impact investments to bridge the "Valley of Death" funding gap in the oncology sector. By supporting early-stage companies that commercialize innovative laboratory breakthroughs, Aim-Hi Accelerator Fund Inc aims to bring potentially life-saving therapies, diagnostics, and cancer prevention strategies to patients.
Official website here: www.aim-hiaccelerator.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Aim-Hi Accelerator Fund Inc has received a commendable Three-Star rating from Charity Navigator, with an overall score of 87%. This rating reflects a strong emphasis on accountability and finance, which is calculated based on various performance indicators. The charity demonstrates excellent governance practices, including a fully independent board and a comprehensive set of policies to ensure ethical operation.
The organization shows particular strength in financial management, evidenced by a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its expenditures directly supports its programs. Furthermore, it has no material diversion of assets, reinforcing its commitment to transparency and accountability. The detailed policies regarding conflict of interest, whistleblower protections, and document retention further enhance its credibility.
However, a noted limitation in the charity's financial efficiency is its fundraising efficiency ratio, which scored zero. This suggests that the organization may face challenges in fundraising effectiveness, potentially impacting its ability to sustain or expand its programs in the future. Despite this, the organization appears well-structured and responsible in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Aim-Hi Accelerator Fund Inc legitimate?
Aim-Hi Accelerator Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aim-Hi Accelerator Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aim-hiaccelerator.org
What is the mission statement of Aim-Hi Accelerator Fund Inc?
The Aim-Hi Accelerator Fund Inc, a 501(C)(3) non-profit organization, was established with an initial grant from the National Foundation for Cancer Research. Its mission is to revolutionize the translation of cancer drug discoveries by providing financial support to seed-stage oncology companies. This is achieved through venture philanthropy, investing in startups that commercialize innovative laboratory breakthroughs. The goal is to bring these potentially life-saving advancements to cancer patients as quickly as possible.
Official website here: www.aim-hiaccelerator.org
Who is the CEO of Aim-Hi Accelerator Fund Inc?
Sujuan Ba is the President/Ceo of Aim-Hi Accelerator Fund Inc. The CEO's salary of Aim-Hi Accelerator Fund Inc is $0 and their total compensation is $0.
Official website here: www.aim-hiaccelerator.org
What is the revenue of Aim-Hi Accelerator Fund Inc?
Aim-Hi Accelerator Fund Inc's revenue in 2022 was $3,905,995.
Official website here: www.aim-hiaccelerator.org
Who are the executives of Aim-Hi Accelerator Fund Inc and what are their salaries?
There 10 volunteers at Aim-Hi Accelerator Fund Inc.
Here are 9 key members and their salaries (Aim-Hi Accelerator Fund Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
Official website here: www.aim-hiaccelerator.org
Where can I find the form 990 for Aim-Hi Accelerator Fund Inc?
Aim-Hi Accelerator Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aim-hiaccelerator.org
Learn more at the official website: www.aim-hiaccelerator.org
Mission Statement of Aim-Hi Accelerator Fund Inc
Aim-Hi Accelerator Fund Inc, a 501(C)(3) non-profit organization, was established with a significant initial grant from the National Foundation for Cancer Research. This organization operates with a unique mission to expedite the transformation of cancer drug discoveries into commercial realities. By investing in seed-stage oncology companies, Aim-Hi Accelerator Fund Inc fosters the commercialization of innovative laboratory breakthroughs. With the potential to save countless cancer patients' lives, this venture philanthropy model represents a new paradigm in cancer research funding. The organization's mission is to bridge the gap between laboratory discoveries and real-world cancer treatments, ultimately improving the outcomes for patients battling this devastating disease.
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Impact
July, 2024
Aim-Hi Accelerator Fund Inc's impact is significant in the field of medical research and oncology. By providing seed funding and sustainable impact investment for oncology start-ups, the organization bridges the "Valley of Death" funding gap and supports the development of innovative therapies, diagnostics, and cancer prevention methods. This direct investment approach helps accelerate the translation of cancer drug discoveries into practical applications that have the potential to save lives.
This information is meant to be a general summary of Aim-Hi Accelerator Fund 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.
- Gross Receipts: $3,905,995
Assets and Liabilities:
- Total Assets: $13,356,814
- Total Liabilities: $7,412
- Net Assets: $13,349,402
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Organization Details
Founding Year
2019
Phone
(301) 654-1250Principal Officer
Sujuan Ba
Main Address
5515 SECURITY LANE SUITE 1105, ROCKVILLE, MD, 20852
Website
www.aim-hiaccelerator.orgNTEE Category
Code: H30 - Medical research
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