Overview
What is Polybio Research Foundation Inc?
The Polybio Research Foundation Inc is a Massachusetts-based nonprofit organization located at 47 High Street, Medford, MA, 02155. Their primary mission revolves around biomedical research concerning health and complex illnesses, with a specific focus on ME/CFS, LongCOVID, and related infection-associated chronic conditions. Founded by three scientists with expertise in neuroscience, microbiology, and genetics, Polybio aims to transform the way these conditions are studied, diagnosed, and treated. By conceptualizing collaborative research projects, they bring together the skills of virologists, neuroscientists, pathologists, microbiome experts, and patient advocates to maximize impact. The organization's team consists of one employee.
Official website here: www.polybio.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Polybio Research Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization has a perfect score in several key areas, including independent board members and financial oversight, indicating a robust governance structure. Their financial statements are well-audited, and they have shown no material diversion of assets, which enhances trust among donors and stakeholders.
Strengths of the organization include a high program expense ratio of 99.20%, demonstrating that nearly all its expenditures are directed towards its mission-driven programs. Additionally, the foundation reports a low fundraising efficiency ratio of $0.002, suggesting it manages fundraising costs effectively. Their working capital ratio of 1.69 years indicates solid financial health and sustainability, positioning them well for future operations.
However, the low fundraising efficiency score may raise questions about the organization’s ability to attract donations in a cost-effective manner. While their financial practices are commendable, they may need to enhance their fundraising strategies to ensure they can maintain their operational effectiveness in the long term. Overall, the foundation is highly rated for its financial accountability and governance, but there is room for improvement in fundraising practices.
This AI summary has been generated from information found on Charity Navigator.
Is Polybio Research Foundation Inc legitimate?
Polybio Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polybio Research Foundation 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: $52,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.polybio.org
What is the mission statement of Polybio Research Foundation Inc?
The Polybio Research Foundation Inc is dedicated to advancing research on complex chronic conditions such as LongCOVID, ME/CFS, and post-treatment Lyme disease. Founded by three scientists with expertise in neuroscience, microbiology, and genetics, the organization aims to identify the root causes of these conditions and bring collaborative teams together to turn research projects into reality. Their mission is to revolutionize the way these conditions are studied, diagnosed, and treated.
Official website here: www.polybio.org
Who is the CEO of Polybio Research Foundation Inc?
Amy Proal is the President of Polybio Research Foundation Inc.
Official website here: www.polybio.org
What is the revenue of Polybio Research Foundation Inc?
Polybio Research Foundation Inc's revenue in 2022 was $17,879,554.
Official website here: www.polybio.org
Who are the executives of Polybio Research Foundation Inc and what are their salaries?
The average compensation at Polybio Research Foundation Inc during 2022 was $52,691. There is 1 employee and 6 volunteers at Polybio Research Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $52,691
- 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.polybio.org
Where can I find the form 990 for Polybio Research Foundation Inc?
Polybio Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.polybio.org
Learn more at the official website: www.polybio.org
Mission Statement of Polybio Research Foundation Inc
Polybio Research Foundation Inc, a renowned organization founded by three scientists with expertise in neuroscience, microbiology, and genetics, is dedicated to revolutionizing the way complex chronic conditions such as Long covid, ME/CFS, and post-treatment Lyme disease are studied, diagnosed, and treated. The mission of this esteemed institution is to conceptualize groundbreaking research projects that aim to identify the root causes of these conditions and assemble collaborative teams to turn these projects into a reality. By delving deep into the underlying drivers of these intricate diseases, Polybio Research Foundation aims to make significant strides in the medical community and provide new hope for those affected by these debilitating conditions. Their innovative approach to research and collaboration ensures that they are at the forefront of advancements in the field, driving progress towards effective treatments and ultimately, improved quality of life for patients.
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Impact
October, 2024
Polybio Research Foundation Inc is transforming the landscape of biomedical research related to health and complex illnesses. By focusing on conditions such as myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS), long COVID, and post-treatment Lyme disease, the foundation conceptualizes innovative collaborative research projects that address the root causes of these debilitating conditions.
The foundation brings together a diverse team comprising virologists, neuroscientists, pathologists, microbiome experts, and patient advocates, fostering an interdisciplinary approach that enhances the understanding of these health issues. This unique collaboration maximizes the potential for impactful research that not only seeks to identify the drivers behind these illnesses but also aims to improve their diagnosis and treatment.
Founded by three scientists with complementary expertise in neuroscience, microbiology, and genetics, Polybio’s mission is to reshape how complex chronic conditions are studied. By emphasizing the importance of collaborative research, Polybio is at the forefront of advancing knowledge and therapeutic strategies, ultimately seeking to improve the quality of life for those affected by these challenging health conditions.
This information is meant to be a general summary of Polybio Research Foundation 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 2022.
- Gross Receipts: $17,879,554
Assets and Liabilities:
- Total Assets: $14,198,872
- Total Liabilities: $1,457
- Net Assets: $14,197,415
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Organization Details
Founding Year
2020
Phone
(425) 223-0220Principal Officer
Amy Proal
Main Address
47 HIGH STREET, MEDFORD, MA, 02155
Website
www.polybio.orgNTEE Category
Code: H90 - Medical research
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