Overview
What is Food Allergy Science Initiative Inc?
The Food Allergy Science Initiative Inc. is a nonprofit organization committed to unraveling the biological foundations of food allergies. By deciphering these mechanisms, they aim to pave the way for groundbreaking advancements in diagnosis, prevention, and treatment of food allergies. Their mission is to catalyze the creation of life-altering breakthroughs, ultimately improving the lives of individuals grappling with food allergies. Their work involves accelerating the development of innovative discoveries in this field. (SEPARATELY, THEIR SCHEDULE O PROVIDES FURTHER DETAILS ON THEIR ACTIVITIES.)
Official website here: www.foodallergyscience.org
What are the reviews and ratings of this charity?
**Food Allergy Science Initiative Inc**
**Charity Rating: Needs Improvement (Charity Navigator - 68%, Two-Star out of Four Star rating)**
The Food Allergy Science Initiative Inc has received a rating that indicates it needs improvement, primarily based on its accountability and financial practices. While the organization demonstrates commitment to governance with 100% of its board members being independent, it falls short in other financial metrics such as the liabilities to assets ratio and working capital, which has led to its modest overall score.
Strengths highlighted in the accountability section include a robust conflict of interest policy, proper documentation practices, and no reported material diversions of assets. Additionally, the organization's program expense ratio is notably high, indicating that a significant portion of its expenditures are directed towards its mission-related activities.
However, concerns remain regarding its financial management, particularly its liquidity and overall financial health. The absence of key documents, such as the nonprofit's tax form on its website, further detracts from its rating. While user reviews from GreatNonprofits are not available for additional public sentiment, these financial indicators are critical for potential stakeholders to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Food Allergy Science Initiative Inc legitimate?
Food Allergy Science Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Food Allergy Science Initiative 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: $767,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $379,262
For more financial information, click here
Official website here: www.foodallergyscience.org
What is the mission statement of Food Allergy Science Initiative Inc?
The Food Allergy Science Initiative Inc. is committed to accelerating the advancement of groundbreaking discoveries that have the potential to significantly improve the lives of individuals struggling with food allergies. Their mission is to delve into the biological intricacies of food allergies, using this understanding to push forward progress in diagnosis, prevention, and treatment methods. The organization's primary goal is to transform the experiences of those affected by food allergies through scientific breakthroughs.
Official website here: www.foodallergyscience.org
Who is the CEO of Food Allergy Science Initiative Inc?
John Walter is the Coo/Ceo of Food Allergy Science Initiative Inc. The CEO's salary of Food Allergy Science Initiative Inc is $311,458 and their total compensation is $321,208.
Official website here: www.foodallergyscience.org
What is the revenue of Food Allergy Science Initiative Inc?
Food Allergy Science Initiative Inc's revenue in 2023 was $8,421,106.
Official website here: www.foodallergyscience.org
Who are the executives of Food Allergy Science Initiative Inc and what are their salaries?
The average compensation at Food Allergy Science Initiative Inc during 2023 was $143,368. There are 8 employees and 4 volunteers at Food Allergy Science Initiative Inc.
Here are 7 key members and their salaries (Food Allergy Science Initiative Inc's CEO's salary is $311,458 and their total compensation is $321,208):
- Compensation: $311,458
- Related: $0
- Other: $9,750
- Compensation: $192,146
- Related: $0
- Other: $14,135
- Compensation: $92,567
- Related: $0
- Other: $1,413
- 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.foodallergyscience.org
Where can I find the form 990 for Food Allergy Science Initiative Inc?
Food Allergy Science Initiative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foodallergyscience.org
Learn more at the official website: www.foodallergyscience.org
Mission Statement of Food Allergy Science Initiative Inc
The Food Allergy Science Initiative (FASI) is dedicated to propelling the progression of groundbreaking discoveries that have the potential to significantly improve the lives of individuals afflicted by food allergies. Their mission is centered around elucidating the intricate biological mechanisms underlying food allergies and subsequently utilizing these insights to drive advancements in diagnosis, prevention, and treatment. By accelerating the development of breakthrough discoveries, FASI aims to transform the experiences of people living with food allergies, providing them with a better quality of life.
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Impact
July, 2024
Food Allergy Science Initiative Inc's impact is seen in its efforts to accelerate the development of breakthrough discoveries that have the potential to transform the lives of people living with food allergies. The organization focuses on elucidating the underlying biological basis of food allergy, with a mission to drive advances in diagnosis, prevention, and treatment. Through its dedication to medical research in this field, Food Allergy Science Initiative Inc is working towards providing solutions that can improve the quality of life for individuals affected by food allergies.
This information is meant to be a general summary of Food Allergy Science Initiative 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.
- Investment Income: $203,264
- Gross Receipts: $8,421,106
Assets and Liabilities:
- Total Assets: $5,866,289
- Total Liabilities: $5,291,536
- Net Assets: $574,753
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Organization Details
Founding Year
2020
Phone
(617) 500-1132Principal Officer
John Walter
Main Address
PO Box 990937, Boston, MA, 02199
Website
www.foodallergyscience.orgNTEE Category
Code: H00 - Medical research
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