Overview
What is N-Lorem Foundation?
N-Lorem Foundation is a nonprofit organization based in Carlsbad, California. Their primary mission is to provide advanced, experimental RNA-targeted medicines for free to patients in the United States diagnosed with nano-rare diseases. These diseases are caused by specific genetic mutations and affect approximately 30 people globally. N-Lorem aims to develop individualized treatments for these patients, with a current workforce of 22 dedicated individuals.
Official website here: www.nlorem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The N-Lorem Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The foundation scored 97% in the Accountability & Finance category, indicating robust oversight and transparency in its operations. All board members are independent, and the organization has well-structured financial practices, including a thorough audit process and good asset management.
Strengths of the N-Lorem Foundation include its high program expense ratio of 75.55%, which demonstrates a strong focus on delivering services rather than spending on administrative costs. Additionally, the fundraising efficiency ratio of $0.02 shows that the foundation can raise funds effectively with minimal expense. With a working capital ratio of over 5 years, the organization is well-positioned to sustain its operations and programs over the long term.
There are no significant limitations noted in the data, showcasing that N-Lorem Foundation adheres to best practices in governance and financial management. Overall, the foundation's strong rating underscores its dedication to serving its mission and ensuring that resources are used efficiently to support its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is N-Lorem Foundation legitimate?
N-Lorem Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. N-Lorem 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: $2,590,971
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,291,031
For more financial information, click here
Official website here: www.nlorem.org
What is the mission statement of N-Lorem Foundation?
The N-Lorem Foundation is dedicated to developing personalized treatments for individuals in the United States diagnosed with nano-rare diseases caused by genetic mutations. Affecting approximately 30 patients worldwide, these conditions warrant advanced, experimental treatments. The foundation's primary mission is to provide these life-saving medicines free of charge for the duration of their lives. By focusing on RNA-targeted therapies, the foundation aims to bring hope and improved quality of life to those battling these rare diseases. Despite the small patient population, the foundation remains committed to making a significant impact in the medical community.
Official website here: www.nlorem.org
Who is the CEO of N-Lorem Foundation?
Stanley T Crooke is the CEO of N-Lorem Foundation The CEO's salary of N-Lorem Foundation is $0 and their total compensation is $0.
Official website here: www.nlorem.org
What is the revenue of N-Lorem Foundation?
N-Lorem Foundation's revenue in 2023 was $6,864,176.
Official website here: www.nlorem.org
Who are the executives of N-Lorem Foundation and what are their salaries?
The average compensation at N-Lorem Foundation during 2023 was $157,484. There are 31 employees at N-Lorem Foundation.
Here are 23 key members and their salaries (N-Lorem Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $420,833
- Related: $0
- Other: $10,238
- Compensation: $312,435
- Related: $0
- Other: $17,124
- Compensation: $279,974
- Related: $0
- Other: $30,024
- Compensation: $240,975
- Related: $0
- Other: $14,856
- Compensation: $240,879
- Related: $0
- Other: $6,268
- Compensation: $199,828
- Related: $0
- Other: $15,553
- Compensation: $199,121
- Related: $0
- Other: $10,706
- Compensation: $158,576
- Related: $0
- Other: $16,712
- Compensation: $162,364
- Related: $0
- Other: $9,343
- Compensation: $150,013
- Related: $0
- Other: $8,899
- Compensation: $86,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nlorem.org
Where can I find the form 990 for N-Lorem Foundation?
N-Lorem Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nlorem.org
Learn more at the official website: www.nlorem.org
Mission Statement of N-Lorem Foundation
The N-Lorem Foundation, a distinguished non-profit organization, is dedicated to making a significant impact on the lives of individuals in the United States diagnosed with nano-rare diseases. These diseases, caused by unique genetic mutations, affect roughly thirty patients worldwide. With a profound sense of purpose, N-Lorem's mission revolves around creating bespoke treatments tailored to each patient.
N-Lorem's vision transcends conventional medicine by providing advanced, experimental RNA-targeted medicines, free of charge for the duration of their lives, to those in need. By focusing on nano-rare diseases, the organization addresses a critical gap in medical research and care, ensuring that patients receive the specialized attention and treatments they deserve. The foundation's unwavering commitment to innovation and compassion sets it apart, providing hope and healing to those who may have felt overlooked by the healthcare system.
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Impact
October, 2024
The N-Lorem Foundation plays a crucial role in addressing the unmet medical needs of patients suffering from nano-rare diseases caused by specific genetic mutations. With a focus on developing personalized treatments, the Foundation is committed to providing advanced, experimental RNA-targeted medicines free of charge for life to these patients. This unique approach not only ensures that individuals with conditions afflicting approximately 30 patients worldwide receive tailored therapeutic interventions but also fosters hope and enhances quality of life for those impacted by these rare genetic diseases. By operating out of Carlsbad, CA, N-Lorem is pioneering a pathway to individualized healthcare solutions that have the potential to transform the landscape of rare disease treatment.
This information is meant to be a general summary of N-Lorem 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 2023.
- Investment Income: $365,525
- Gross Receipts: $6,864,176
Assets and Liabilities:
- Total Assets: $20,440,931
- Total Liabilities: $1,660,292
- Net Assets: $18,780,639
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Organization Details
Founding Year
2019
Principal Officer
Stanley T Crooke
Website
www.nlorem.orgNTEE Category
Code: G20 - Disease
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