Overview
What is Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center?
The Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center is a nonprofit research organization located at 1124 W Carson St, Torrance, CA, 90502. With a team of 768 employees, they are dedicated to biomedical research, sponsorship from various federal, state, and private agencies, and covering a wide range of medical and scientific areas to advance human health. Their mission includes not only conducting research but also educating young scientists and serving the community through health services.
Official website here: www.lundquist.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Lundquist Institute for Biomedical Innovation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong score of 92% in the Accountability & Finance category. This high rating indicates that the organization demonstrates transparency and responsible financial management, essential qualities for instilling donor confidence.
The organization showcases notable strengths, including a fully independent board, which comprises 75% independent members. Their financial practices are robust, with no material diversion of assets reported and a significant program expense ratio of 67.59%. This suggests that a substantial portion of their funding is directed towards their mission-driven initiatives rather than administrative costs.
Despite its strengths, the institute's liabilities to assets ratio stands at 51.76%, which is relatively moderate but may indicate a need for careful financial oversight. Overall, the Lundquist Institute shows a strong commitment to accountability and effective governance, though potential donors should remain aware of its financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center legitimate?
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center 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: $1,843,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,059,708
For more financial information, click here
Official website here: www.lundquist.org
What is the mission statement of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center?
The Lundquist Institute for Biomedical Innovation is dedicated to advancing medical research, training the next generation of scientists, and providing community health services. Their mission encompasses various fields of human health research, funded by national institutes and other organizations. The institute's efforts extend beyond the lab, with a commitment to community health services and improving overall wellbeing. Through rigorous scientific inquiry and collaborative partnerships, the Lundquist Institute aims to make significant strides in understanding and addressing health challenges.
Official website here: www.lundquist.org
Who is the CEO of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center?
David I Meyer is the Principal Officer of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center. The CEO's salary of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center is $0 and their total compensation is $0.
Official website here: www.lundquist.org
What is the revenue of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center?
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center's revenue in 2022 was $85,153,761.
Official website here: www.lundquist.org
Who are the executives of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center and what are their salaries?
The average compensation at Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center during 2022 was $54,561. There are 768 employees and 900 volunteers at Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center.
Here are 38 key members and their salaries (Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center's CEO's salary is $0 and their total compensation is $0):
- Compensation: $468,828
- Related: $0
- Other: $340
- Compensation: $349,929
- Related: $0
- Other: $25,853
- Compensation: $210,176
- Related: $0
- Other: $19,952
- Compensation: $197,094
- Related: $0
- Other: $236
- Compensation: $154,455
- Related: $0
- Other: $283
- Compensation: $94,486
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Compensation: $281,819
- Related: $0
- Other: $615
- Compensation: $246,436
- Related: $0
- Other: $6,680
- Compensation: $215,980
- Related: $0
- Other: $8,982
- Compensation: $179,861
- Related: $0
- Other: $4,174
- Compensation: $276,905
- Related: $0
- Other: $301
- Compensation: $286,124
- Related: $0
- Other: $9,708
- Compensation: $252,525
- Related: $0
- Other: $25,886
- Compensation: $199,694
- Related: $0
- Other: $19,340
- Compensation: $211,225
- Related: $0
- Other: $0
Official website here: www.lundquist.org
Where can I find the form 990 for Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center?
Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lundquist.org
Learn more at the official website: www.lundquist.org
Mission Statement of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center
The Lundquist Institute For Biomedical Innovation at Harbor-Ucla Medical Center is a pioneering organization dedicated to biomedical research, education, and community health services. In simpler terms, this esteemed institute engages in groundbreaking research funded by prestigious bodies like the National Institutes of Health and various other federal, state, and private agencies, spanning a multitude of medical and scientific areas of interest in human health.
Additionally, the Lundquist Institute is committed to nurturing the next generation of young scientists. It prioritizes training, fostering a thriving academic community where budding researchers can develop their skills and contribute to the advancement of medical knowledge. By embracing both research and education, the Lundquist Institute forges a unique path to unlocking solutions for the most complex health challenges.
In summary, the Lundquist Institute For Biomedical Innovation at Harbor-Ucla Medical Center is a trailblazing institution that advances the frontiers of human health through rigorous research, the cultivation of young scientific minds, and the provision of essential community health services.
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Impact
October, 2024
Lundquist Institute for Biomedical Innovation at Harbor-UCLA Medical Center significantly impacts health through its commitment to biomedical research, education, and community health services. With a strong focus on diverse medical and scientific areas, the institute conducts research sponsored by the National Institutes of Health and other governmental and private entities, leading to advancements in human health.
The institute not only engages in pioneering medical research but also plays a critical role in training the next generation of scientists. This emphasis on education fosters a skilled workforce poised to tackle future healthcare challenges and contribute to ongoing innovations.
Additionally, the institute's community health services are essential in addressing local health needs, promoting wellness, and implementing effective health policies within the Torrance, CA area. By bridging research, education, and community engagement, the Lundquist Institute enhances overall health outcomes and contributes to the advancement of biomedical science.
This information is meant to be a general summary of Lundquist Institute For Biomedical Innovation At Harbor-Ucla Medical Center. 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: $1,244,273
- Program Service Revenue: $4,417,000
- Gross Receipts: $86,445,249
Assets and Liabilities:
- Total Assets: $185,346,000
- Total Liabilities: $98,282,000
- Net Assets: $87,064,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINICAL BILLINGS
Revenue
$3,578,251
BIOMEDICAL SERVICES
Revenue
$838,749
Organization Details
Founding Year
1952
Phone
(310) 222-3605Principal Officer
David I Meyer
Main Address
1124 W CARSON ST MRL BLDG, TORRANCE, CA, 90502
Website
www.lundquist.orgNTEE Category
Code: H900 - Medical research
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