Overview
What is Spectrum Biobank Inc?
Spectrum Biobank Inc is a nonprofit organization situated in Portola Valley, California. Their primary focus is to bridge the diversity gap in genomics, recognizing the importance of genetic diversity in precision medicine. To achieve this, they have established a biobank, collecting DNA sequence data from diverse populations and collaborating with researchers. This data is utilized to provide insights and potentially develop medicine that caters to underprivileged communities, making their mission a critical contribution to the field of precision medicine. The organization operates with a small team of dedicated individuals, showcasing their commitment to their mission.
Official website here: www.spectrumbiobank.org
Is Spectrum Biobank Inc legitimate?
Spectrum Biobank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Biobank 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: $139,659
For more financial information, click here
Official website here: www.spectrumbiobank.org
What is the mission statement of Spectrum Biobank Inc?
Spectrum Biobank Inc, a non-profit organization, is dedicated to addressing the genetic diversity gap in medicine. Their mission is to educate under-represented communities, collect genetic samples, and sequence DNA. By doing so, they aim to provide academic researchers with diverse genetic data, enabling them to develop precision medicine suitable for everyone. The biobank serves as a bridge, generating DNA sequence data from various populations and collaborating with researchers to gain insights from this data.
Official website here: www.spectrumbiobank.org
Who is the CEO of Spectrum Biobank Inc?
Yambazi Banda is the CEO of Spectrum Biobank Inc The CEO's salary of Spectrum Biobank Inc is $45,909 and their total compensation is $45,909.
Official website here: www.spectrumbiobank.org
What is the revenue of Spectrum Biobank Inc?
Spectrum Biobank Inc's revenue in 2023 was $273,057.
Official website here: www.spectrumbiobank.org
Who are the executives of Spectrum Biobank Inc and what are their salaries?
The average compensation at Spectrum Biobank Inc during 2023 was $69,830. There are 2 employees and 10 volunteers at Spectrum Biobank Inc.
Here are 3 key members and their salaries (Spectrum Biobank Inc's CEO's salary is $45,909 and their total compensation is $45,909):
- Compensation: $93,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $45,909
- Related: $0
- Other: $0
Official website here: www.spectrumbiobank.org
Where can I find the form 990 for Spectrum Biobank Inc?
Spectrum Biobank Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.spectrumbiobank.org
Learn more at the official website: www.spectrumbiobank.org
Mission Statement of Spectrum Biobank Inc
Spectrum Biobank Inc, a non-profit organization, is dedicated to addressing the genetic diversity gap in medicine. With a mission to close this disparity, the biobank collects DNA samples from under-represented populations and sequences them. This data is then shared with academic research partners, enabling them to develop precision medicine for everyone. By focusing on diverse populations, Spectrum Biobank Inc aims to ensure that medical advancements are inclusive and beneficial for all communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Spectrum Biobank Inc is dedicated to closing the genetic diversity gap in genomics, particularly for underprivileged communities. By establishing a biobank that collects DNA samples from diverse populations, the organization generates valuable sequence data that researchers can utilize to gain insights into health disparities and develop precision medicine tailored to all individuals. This initiative not only addresses the historical underrepresentation of specific demographic groups in medical research but also empowers these communities by involving them in the scientific process. Through education and partnership with academic researchers, Spectrum Biobank plays a critical role in ensuring that advancements in medicine are inclusive and equitable. The impact of their work is significant, fostering greater understanding and treatment options for diverse populations.
This information is meant to be a general summary of Spectrum Biobank 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 2023.
- Gross Receipts: $273,057
Assets and Liabilities:
- Total Assets: $421,635
- Total Liabilities: $0
- Net Assets: $421,635
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2019
Principal Officer
Yambazi Banda
Website
www.spectrumbiobank.orgNTEE Category
Code: H99 - Medical research
If you are a representative of Spectrum Biobank Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.