Overview
What is Serenagroup Research Foundation?
Serenagroup Research Foundation is a prominent nonprofit organization based in Cambridge, Massachusetts. With a focus on wound care, it conducts clinical trials ranging from initial phase drug and device studies to post-marketing trials across its expanding network of research sites. As a global cooperative group, Serenagroup Research Foundation collaborates with leading wound care research centers worldwide. Its mission is to address an unmet need for scientific and medical research in hyperbaric medicine, wound healing, and related fields. The foundation aims to improve the quality of life for patients suffering from chronic wounds through its research initiatives. Furthermore, Serenagroup Research Foundation offers educational resources to individuals and organizations, promoting proper wound care techniques.
Official website here: www.woundresearch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60%)
The Serenagroup Research Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its organizational practices. The overall score of 60% reflects both strengths and significant weaknesses in accountability and finance. While the foundation demonstrates a strong program expense ratio at 77.92%, suggesting that a large portion of its expenses is directed toward its mission, serious concerns arise from its governance structure, specifically the lack of independent board members and missing policies.
Notably, the foundation has not maintained any independent board members, which could impact its oversight and accountability. Additionally, critical governance documents, such as board meeting minutes and a whistleblower policy, are absent, which raises potential risks regarding transparency and ethical conduct. On a positive note, there is no material diversion of assets, and the foundation does have a conflict of interest policy in place, contributing positively to its governance practices.
Overall, while the Serenagroup Research Foundation is effectively allocating its resources toward its programs, it must address significant governance shortcomings to enhance its accountability and transparency to stakeholders. Improving its board independence and implementing missing policies would be crucial steps for the organization to bolster its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Serenagroup Research Foundation legitimate?
Serenagroup Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serenagroup 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.woundresearch.org
What is the mission statement of Serenagroup Research Foundation?
The Serenagroup Research Foundation, being a global cooperative group of leading wound care research centers, has a mission to address an unmet need in the fields of hyperbaric medicine and wound healing. Their primary objective is to enhance the quality of life for patients battling chronic wounds through rigorous scientific and medical research. Moreover, the foundation extends its reach by offering educational resources to individuals and organizations, emphasizing the importance of proper wound care techniques.
Official website here: www.woundresearch.org
Who is the CEO of Serenagroup Research Foundation?
Thomas Serena is the Ceo & Founding Trustee of Serenagroup Research Foundation. The CEO's salary of Serenagroup Research Foundation is $0 and their total compensation is $263,530.
Official website here: www.woundresearch.org
What is the revenue of Serenagroup Research Foundation?
Serenagroup Research Foundation's revenue in 2022 was $466,560.
Official website here: www.woundresearch.org
Who are the executives of Serenagroup Research Foundation and what are their salaries?
Here are 4 key members and their salaries (Serenagroup Research Foundation's CEO's salary is $0 and their total compensation is $263,530):
- Compensation: $0
- Related: $223,039
- Other: $40,491
- Compensation: $0
- Related: $122,077
- Other: $22,889
- Compensation: $0
- Related: $47,308
- Other: $9,234
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.woundresearch.org
Where can I find the form 990 for Serenagroup Research Foundation?
Serenagroup Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.woundresearch.org
Learn more at the official website: www.woundresearch.org
Mission Statement of Serenagroup Research Foundation
Serenagroup Research Foundation, a renowned global cooperative group, is dedicated to fulfilling an unmet need in the realms of scientific and medical research. With a specific focus on hyperbaric medicine, wound healing, and related fields, the foundation's primary mission is to enhance the quality of life for patients grappling with chronic wounds. By conducting extensive research, Serenagroup Research Foundation seeks to uncover novel solutions and advancements in the field of wound care.
Beyond its research efforts, the organization also takes an active role in education. Serenagroup Research Foundation aims to spread awareness and impart knowledge about proper wound care techniques to individuals and organizations. This commitment to education is instrumental in equipping healthcare providers and patients with the tools needed to effectively manage and treat chronic wounds. By fostering a culture of knowledge and expertise, the foundation contributes to the betterment of wound care practices worldwide.
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Impact
July, 2024
Serenagroup Research Foundation's impact lies in its commitment to advancing scientific and medical research in the areas of hyperbaric medicine, wound healing, and related fields. By conducting clinical trials on wound care ranging from early phase drug and device studies to post-marketing trials, the foundation plays a crucial role in improving the quality of life for patients suffering from chronic wounds. Additionally, through its network of leading wound care research centers, Serenagroup Research Foundation provides education on proper wound care techniques to individuals and organizations, further contributing to the field of medical research and patient care.
This information is meant to be a general summary of Serenagroup 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 2022.
- Program Service Revenue: $217,311
- Gross Receipts: $466,560
Assets and Liabilities:
- Total Assets: $40,205
- Total Liabilities: $16,208
- Net Assets: $23,997
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING & EDUCATION
Revenue
$117,566
CLINICAL TRIALS
Revenue
$99,745
Organization Details
Founding Year
2018
Phone
(617) 945-5225Principal Officer
Thomas Serena
Main Address
125 CAMBRIDGE PARK DRIVE SUITE 301, CAMBRIDGE, MA, 02140
Website
www.woundresearch.orgNTEE Category
Code: H90 - Medical research
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