Overview
What is Epigenetic Clock Development Foundation?
The Epigenetic Clock Development Foundation, based in Torrance, California, is a nonprofit organization committed to conducting rigorous medical research on aging and age-related diseases. Their primary focus lies in utilizing and developing new aging biomarkers, known as epigenetic clocks, for testing the effectiveness of longevity treatments within preclinical and clinical studies. To achieve this goal, they have hired additional team members, including a PhD biostatistician, and collaborated with various scientific advisory boards. In June 2021, the foundation obtained an exclusive license to the Horvath IP portfolio. Currently, they have not entered into any additional sublicensing agreements or outlicensing agreements, but they have engaged in several research collaborations with various groups. The Epigenetic Clock Development Foundation's mission is to contribute to the advancement of medical research on aging and age-related diseases, with the ultimate aim of developing the epigenetic aging clock into a useful technology. The foundation has a total workforce of 6 individuals.
Official website here: www.clockfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85%, Three-Star out of Four Star rating.
The Epigenetic Clock Development Foundation has earned a solid score of 85%, indicating strong accountability and financial practices. The organization's excellent performance in this area is supported by a fully independent board and transparency in its operations, with policies like conflict of interest and whistleblower protections clearly outlined.
One of the standout features of the foundation is its impressive program expense ratio of 96.41%, demonstrating a strong commitment to directing funds towards its mission-related activities rather than administrative costs. Additionally, the organization has maintained a healthy liabilities to assets ratio of 44.62%, suggesting good financial management.
While the foundation has shown commendable strengths in its governance and financial practices, the lack of additional beacons means that other aspects, such as program impact and public engagement, remain unassessed. This should be considered when evaluating the overall effectiveness of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Epigenetic Clock Development Foundation legitimate?
Epigenetic Clock Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Epigenetic Clock Development 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: $226,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,155
For more financial information, click here
Official website here: www.clockfoundation.org
What is the mission statement of Epigenetic Clock Development Foundation?
The Epigenetic Clock Development Foundation, often referred to as the "Clock Foundation," was established to facilitate rigorous medical research on aging and longevity. Its primary focus is the utilization and development of novel aging biomarkers known as epigenetic clocks. These clocks serve as valuable tools for evaluating the effectiveness of longevity treatments within preclinical and clinical studies. The foundation's mission is to conduct medical research on aging and age-related diseases to develop the epigenetic aging clock into a practical technology. If the foundation's research proves successful and the FDA approves its testing method, numerous new drugs or treatments capable of reversing epigenetic aging could be formally approved by the FDA for use in treating aging and preventative medicine.
Official website here: www.clockfoundation.org
Who is the CEO of Epigenetic Clock Development Foundation?
Robert Brooke is the Executive Di of Epigenetic Clock Development Foundation.
Official website here: www.clockfoundation.org
What is the revenue of Epigenetic Clock Development Foundation?
Epigenetic Clock Development Foundation's revenue in 2022 was $3,593,807.
Official website here: www.clockfoundation.org
Who are the executives of Epigenetic Clock Development Foundation and what are their salaries?
The average compensation at Epigenetic Clock Development Foundation during 2022 was $60,033. There are 6 employees at Epigenetic Clock Development Foundation.
Here are 3 key members and their salaries:
- Compensation: $120,000
- Related: $0
- Other: $0
- Compensation: $106,042
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.clockfoundation.org
Where can I find the form 990 for Epigenetic Clock Development Foundation?
Epigenetic Clock Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clockfoundation.org
Learn more at the official website: www.clockfoundation.org
Mission Statement of Epigenetic Clock Development Foundation
The Epigenetic Clock Development Foundation, commonly known as the Clock Foundation, was established with the primary aim of conducting rigorous medical research on aging and age-related diseases. The organization's primary focus is on the use and development of new aging biomarkers, known as epigenetic clocks. These clocks serve as a valuable tool in testing the effectiveness of longevity treatments within preclinical and clinical studies. By conducting this research, the Clock Foundation aims to advance its mission of conducting medical research on aging and age-related diseases. If the medical research conducted by the Clock Foundation proves to be successful and the Food and Drug Administration (FDA) approves their testing methods, many new drugs or treatments that can potentially reverse epigenetic aging could be formally approved by the FDA for the treatment of aging and for use in preventative medicine.
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Impact
July, 2024
Epigenetic Clock Development Foundation's impact lies in advancing medical research on aging and age-related diseases through the development and utilization of epigenetic clocks. By conducting rigorous studies with these aging biomarkers, the foundation aims to test the effectiveness of longevity treatments in preclinical and clinical settings. Through initiatives like hiring additional team members, working closely with scientific advisors, and obtaining exclusive licenses for cutting-edge technologies, the foundation is positioned to make significant strides in the field of aging research. If successful, their work could pave the way for the development of new drugs or treatments that have the potential to reverse epigenetic aging, ultimately benefiting preventative medicine and the treatment of age-related conditions.
This information is meant to be a general summary of Epigenetic Clock Development 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: $116
- Program Service Revenue: $1,580,545
- Gross Receipts: $3,593,807
Assets and Liabilities:
- Total Assets: $1,193,723
- Total Liabilities: $532,743
- Net Assets: $660,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE INCOME
Revenue
$1,580,545
Organization Details
Founding Year
2020
Principal Officer
Robert Brooke
Main Address
1124 W CARSON ST BLDG 3RD, TORRANCE, CA, 90502
Website
www.clockfoundation.orgNTEE Category
Code: H05 - Medical research
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