Overview
What is Foundation For The Accreditation Of Cellular Therapy?
The Foundation for the Accreditation of Cellular Therapy (FACT) is a nonprofit organization situated in Omaha, Nebraska. Its primary mission is to enhance the quality of cellular therapy by establishing peer-developed standards, providing education, and administering accreditation processes for cellular therapy programs and cord blood banks at research and medical institutions. By obtaining FACT's accreditation designation, these institutions demonstrate their commitment to upholding high-quality patient care. With a dedicated workforce of 24 individuals, FACT strives to improve cellular therapy for the betterment of patients worldwide.
Official website here: www.factglobal.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Foundation For The Accreditation Of Cellular Therapy has received a strong 92% rating, indicating a high level of accountability and financial management. This score is derived entirely from the Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible resource allocation.
Strengths of the foundation include a fully independent board, with 94% of its members being independent, and a comprehensive audit and oversight committee. The organization has no reported material diversion of assets and maintains effective conflict of interest and whistleblower policies, which reinforce its integrity and operational soundness.
However, while the program expense ratio is relatively healthy at 67.06%, there could be room for improvement in this area to ensure an even greater portion of funding directly supports programming. Overall, the foundation’s governance and financial practices demonstrate a robust commitment to its mission and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Accreditation Of Cellular Therapy legitimate?
Foundation For The Accreditation Of Cellular Therapy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Accreditation Of Cellular Therapy 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.factglobal.org
What is the mission statement of Foundation For The Accreditation Of Cellular Therapy?
The Foundation for the Accreditation of Cellular Therapy (FACT) is a non-profit organization established with the goal of enhancing the quality of cellular therapy. It achieves this by establishing peer-developed standards, providing education, and administering accreditation processes. The organization's mission is primarily focused on benefiting patients. FACT accredits cellular therapy programs and cord blood banks at research and medical institutions that aim to obtain the accreditation designation for their programs. This process ensures that the services provided meet high-quality standards, ultimately contributing to improved patient care in the field of cellular therapy.
Official website here: www.factglobal.org
Who is the CEO of Foundation For The Accreditation Of Cellular Therapy?
Same As C Above is the Principal Officer of Foundation For The Accreditation Of Cellular Therapy. The CEO's salary of Foundation For The Accreditation Of Cellular Therapy is $207,769 and their total compensation is $207,769.
Official website here: www.factglobal.org
What is the revenue of Foundation For The Accreditation Of Cellular Therapy?
Foundation For The Accreditation Of Cellular Therapy's revenue in 2022 was $4,719,051.
Official website here: www.factglobal.org
Who are the executives of Foundation For The Accreditation Of Cellular Therapy and what are their salaries?
There are 24 employees and 330 volunteers at Foundation For The Accreditation Of Cellular Therapy.
Here are 20 key members and their salaries (Foundation For The Accreditation Of Cellular Therapy's CEO's salary is $207,769 and their total compensation is $207,769):
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Official website here: www.factglobal.org
Where can I find the form 990 for Foundation For The Accreditation Of Cellular Therapy?
Foundation For The Accreditation Of Cellular Therapy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.factglobal.org
Learn more at the official website: www.factglobal.org
Mission Statement of Foundation For The Accreditation Of Cellular Therapy
The Foundation for the Accreditation of Cellular Therapy, or FACT, is a non-profit corporation with a mission to enhance the quality of cellular therapy for the benefit of patients. This is achieved through the development and implementation of peer-reviewed standards, education, and accreditation processes. FACT's primary objective is to ensure that cellular therapy programs and cord blood banks at research and medical institutions meet stringent criteria, thereby earning the accreditation designation. This rigorous accreditation process, administered by FACT, is crucial in upholding the integrity and safety of cellular therapy, ultimately protecting the well-being of patients.
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Impact
July, 2024
Foundation For The Accreditation Of Cellular Therapy's impact is significant in enhancing the quality of cellular therapy. Through its peer-developed standards, education, and accreditation processes, FACT plays a crucial role in improving the standard of care for patients undergoing cellular therapy treatments. By administering accreditation programs for cellular therapy programs and cord blood banks at various research and medical institutions, FACT ensures that these facilities meet the highest standards, ultimately benefiting patients seeking such advanced medical treatments.
This information is meant to be a general summary of Foundation For The Accreditation Of Cellular Therapy. 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: $1,451
- Program Service Revenue: $4,715,700
- Gross Receipts: $4,719,051
Assets and Liabilities:
- Total Assets: $2,402,603
- Total Liabilities: $0
- Net Assets: $2,402,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION FEE
Revenue
$4,269,225
CONSULTING SERVICES
Revenue
$283,917
TRAINING WORKSHOPS
Revenue
$155,609
PUBLICATION SALES
Revenue
$6,949
Organization Details
Founding Year
1996
Phone
(402) 920-7003Principal Officer
Same As C Above
Main Address
6901 DODGE ST SUITE 201, OMAHA, NE, 68132
Website
www.factglobal.orgNTEE Category
Code: H30 - Medical research
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