Overview
What is Lauren J Ozen Foundation?
The Lauren J Ozen Foundation is a charitable organization, headquartered in Los Angeles, California, committed to advancing scientific research into Crohn's disease and related conditions. Established with the purpose of enhancing the lives of individuals affected by these conditions, both children and adults, the foundation accomplishes its mission by granting funds to tax-exempt entities, as per the Section 501(C)(3) of the U.S. tax code. These funds are utilized for research, support, and development of practical efforts and treatments for Crohn's disease and related conditions. By doing so, the Lauren J Ozen Foundation aims to improve the overall quality of life for individuals suffering from these health issues.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star Rating
The Lauren J Ozen Foundation has received a low rating of 40% on Charity Navigator, which indicates significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board and has no material diversion of assets, it lacks key policies like a whistleblower and document retention policy, which are essential for robust governance.
Despite having a favorable score for board independence and governance practices, the foundation's financial ratios reveal troubling metrics. With a program expense ratio of only 32.54% and a liabilities to assets ratio of 0.00%, there are serious implications regarding how funds are allocated and managed. This raises questions about the effectiveness of its programs in relation to the donations it receives.
Overall, while the Lauren J Ozen Foundation demonstrates some strengths in governance, the absence of critical policies and low program spending relative to total expenses highlight areas in need of improvement. Prospective donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Lauren J Ozen Foundation legitimate?
Lauren J Ozen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lauren J Ozen 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
What is the mission statement of Lauren J Ozen Foundation?
The Lauren J Ozen Foundation's mission is centered around supporting scientific research into Crohn's disease and related conditions. Their primary goal is to enhance the quality of life for children and adults affected by these conditions. To achieve this, the foundation provides charitable grants to tax-exempt entities, as per Section 501(C)(3) of the tax code, for research, support, and development of practical efforts and treatments for Crohn's disease and related conditions. By doing so, they aim to contribute to the advancement of medical knowledge and the discovery of effective treatments.
Who is the CEO of Lauren J Ozen Foundation?
Daniel Ozen is the President of Lauren J Ozen Foundation.
What is the revenue of Lauren J Ozen Foundation?
Lauren J Ozen Foundation's revenue in 2022 was $176,783.
Who are the executives of Lauren J Ozen Foundation and what are their salaries?
There 3 volunteers at Lauren J Ozen Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lauren J Ozen Foundation?
Lauren J Ozen Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lauren J Ozen Foundation
The Lauren J Ozen Foundation is an organization dedicated to supporting scientific research into Crohn's disease and related conditions. Their mission is to improve the quality of life for children and adults suffering from these conditions. To achieve this, the foundation provides charitable grants to tax-exempt entities, as outlined in section 501(C)(3) of the tax code. These grants are intended for research, support, and the development of practical efforts and treatments for Crohn's disease and related conditions. By investing in scientific research, the Lauren J Ozen Foundation aims to contribute to the advancement of medical knowledge and potential cures, ultimately benefiting those affected by these conditions.
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Impact
October, 2024
The Lauren J Ozen Foundation significantly contributes to advancing scientific research focused on Crohn's disease and related conditions. By providing charitable grants to various tax-exempt entities, the foundation plays a crucial role in fostering research that aims to enhance the quality of life for both children and adults affected by these illnesses. Its commitment to supporting innovative studies and practical treatments addresses the pressing needs of those living with Crohn's disease, ultimately striving for improved healthcare outcomes and greater accessibility to effective therapies. The foundation's efforts not only underscore the importance of scientific inquiry in understanding Crohn's disease but also aim to promote awareness and support within the community, fostering a more informed and compassionate approach to this chronic condition.
This information is meant to be a general summary of Lauren J Ozen 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.
- Investment Income: $175,333
- Gross Receipts: $176,783
Assets and Liabilities:
- Total Assets: $4,190,061
- Total Liabilities: $0
- Net Assets: $4,190,061
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Organization Details
Founding Year
2019
Phone
(858) 400-1304Principal Officer
Daniel Ozen
Main Address
CO M OZEN 11766 WILSHIRE BLVD 9 FL, LOS ANGELES, CA, 90025
NTEE Category
Code: E12 - Health
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