Open Medicine Foundation
Mission:
FUNDS MEDICAL RESEARCH TO FIND TREATMENTS AND DIAGNOSTIC MARKERS FOR CHRONIC COMPLEX DISEASES.
www.omf.ngo
| 29302 LARO DR Agoura Hills CA 91301-1608
Open Medicine Foundation is headquartered in Agoura Hills, CA, and is a 501(c)(3) organization. EIN: 26-4712664. Donations are tax-deductible. The IRS' NTEE classification is Fund Raising and/or Fund Distribution within the Medical Research category. The IRS ruling year for tax exemption was 2013.
(Source: IRS Business Master File and Form 990)
Encompass Rating System by Charity Navigator
Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new measures and indicators, which we call Beacons. Check back often to see how this organization’s score changes.
Learn about the Encompass Rating System: Announcement | FAQ | Release Notes
Overall Score
BETA
100
out of 100
This charity's score is a passing score.
Do you work for Open Medicine Foundation? Gain access to your rating toolkit.
Finance & Accountability
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
Finance & Accountability Score
BETA
100
out of 100
This charity's score is a passing score
This Beta V1 of Finance Score provides a baseline measure of an organization’s health including the indicators listed in the report below.
This score represents Form 990 data from latest filing year 2018.
Finance & Accountability Rating Highlights
Higher Effect on Score
Board Composition
7/8 Independent
We look for at least 3 board members, with more than 50% of members identified as independent.
Lower Effect on Score
Liabilities to Assets Ratio
37.60%
Charity Navigator looks for a ratio less than 50%.
No Effect on Score
Total Revenue
$8,908,795
Charity Navigator doesn’t evaluate revenue amounts or sources in Beta V1. An organization’s size can affect whether and how we evaluate other indicators.
Finance & Accountability Report
100
of 100 points (BETA)
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Overview
The Finance and Accountability Score provides a basic measure for organizational health. At this time, it comprises 100% of a charity's Overall Score.
Program Expense Ratio
91.86%
Higher effect on score
More data
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
For a passing score, Charity Navigator looks for a ratio of 70% or higher. Charities in the 50%-70% range receive zero points for their Program Expense Ratio score. Charities that fall below 50% will receive zero points for both of their financial metric scores, Program Expense Ratio AND Liabilities to Assets Ratio.
Source: IRS Form 990
Board Composition
7/8 Independent
Higher effect on score
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent.
Source: IRS Form 990
Independent Review/Financial Audit
Audited
Higher effect on score
For organizations larger than $1million in total revenue we expect to see that the charity completed an audit.
This indicator is not part of the score for organizations less than $250k in total revenue and is removed from the scoring methodology.
For charities under $1 million but over $250K in total revenue we expect to see that the charity completed an Audit, Review or Compilation.
Source: IRS Form 990
Liabilities to Assets Ratio
37.60%
Lower effect on score
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Charity Navigator looks for a ratio less than 50%.
Source: IRS Form 990
Website Listed
Listed
Lower effect on score
Charity Navigator looks for a website on the Form 990 as an accountability and transparency measure.
Nonprofits act in the public trust and reporting publicly on activities is an important component
Source: IRS Form 990
Impact & Results
Charity Navigator assesses how well a nonprofit delivers on its mission. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact.
No Score
We have not issued this nonprofit an Impact & Results score. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for one of the following reasons:
The nonprofit is eligible for a score, but we have not yet gotten to scoring it.
The nonprofit is eligible for a score, but we have not yet developed the specific algorithms to estimate the impact of the type of service it delivers and so cannot issue a score yet.
The nonprofit does not primarily deliver services directly to beneficiaries or it is not reasonable to expect the nonprofit to measure impact for its primary activity. The impact analysis framework that we use is not well suited to these nonprofits.
The nonprofit is not heavily reliant on individual donors because beneficiaries fund a majority of its costs or it does not receive any private charitable contributions.
Do you work at Open Medicine Foundation? Share your impact data to request a score.
Additional Information
Unscored
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Largest Programs
Open Medicine Foundation reported its largest program on its FY 2018 Form 990 as:
$5,494,893
Spent in most recent FY
100%
Percent of program expenses
THE ORGANIZATION SUPPORTS COLLABORATIVE MEDICAL RESEARCH TO FIND EFFECTIVE TREATMENTS AND DIAGNOSTIC MARKERS FOR CHRONIC COMPLEX DISEASES. THROUGH THESE COLLABORATIVE MEDICAL RESEARCH EFFORTS, WE STRI ... (More)
GuideStar Seal of Transparency
Platinum
GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact. GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results. Click here for more information.
Note: GuideStar Seals do not effect the nonprofit’s Impact & Results Score.
Results Reported in 2019
30
Number of research studies conducted
20
Number of grants and research funding awarded to the institution
GlobalGiving
GlobalGiving Badge not earned
GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. Learn more about GlobalGiving.
Note: GlobalGiving Badges do not effect the nonprofit’s Impact & Results score.
Leadership & Adaptability
Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.
Leadership & Adaptability Score (BETA)
Coming Soon
Encompass Rating Beta V2 does not provide an evaluation of the organization's leadership and adaptability.
Culture & Community
Charity Navigator will provide an assessment of the organization’s people operations, connectedness and engagement with the constituents and communities served, and Diversity, Equity and Inclusion measures.
Culture & Community Score (BETA)
Coming Soon
Encompass Rating Beta V2 does not provide an evaluation of the organization's culture and community.
