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Fraxa Research Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043222167 ✦ Newburyport, MA ✦ Designated as a 501(c)(3)

Overview

What is Fraxa Research Foundation Inc?

Fraxa Research Foundation Inc, situated in Newburyport, Massachusetts, is a nonprofit organization with a focus on funding research aimed at discovering treatments and a potential cure for Fragile X syndrome. With a dedicated team of four individuals, the foundation's mission is to make significant strides in this area, leading the charge towards more effective treatments and eventually, a cure. The organization raises funds directly to support research initiatives in this field.


Official website here: www.fraxa.org

Is Fraxa Research Foundation Inc legitimate?

Fraxa Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fraxa 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.

Here are some key statistics you may want to consider:

Executive Compensation: $264,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,333

For more financial information, click here


Official website here: www.fraxa.org

What is the mission statement of Fraxa Research Foundation Inc?

The Fraxa Research Foundation Inc's mission is centered around finding effective treatments and ultimately curing Fragile X syndrome. This mission is achieved through the direct funding of research grants. Their primary goal is to contribute to the advancement of treatments and potential cures for this condition. The organization's efforts are geared towards making a significant impact in the lives of those affected by Fragile X syndrome.


Official website here: www.fraxa.org

Who is the CEO of Fraxa Research Foundation Inc?

Katherine N Clapp is the President of Fraxa Research Foundation Inc.


Official website here: www.fraxa.org

What is the revenue of Fraxa Research Foundation Inc?

Fraxa Research Foundation Inc's revenue in 2022 was $2,018,041.


Official website here: www.fraxa.org

Who are the executives of Fraxa Research Foundation Inc and what are their salaries?

The average compensation at Fraxa Research Foundation Inc during 2022 was $78,674. There are 4 employees and 115 volunteers at Fraxa Research Foundation Inc.

Here are 12 key members and their salaries:

    Katherine Clapp (President) [Trustee/Director]
  • Compensation: $128,292
  • Related: $0
  • Other: $6,980

    • Michael Tranfaglia (Medical Director/Treasurer/Secretary)
  • Compensation: $122,112
  • Related: $0
  • Other: $6,979

    • Deborah Stevenson (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dean Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theodore Coutilish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leslie Eddy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andres Centellas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Franziska Klebe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Haugen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Vershbow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald M Watkins Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sasa Zorovic (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fraxa.org

    Where can I find the form 990 for Fraxa Research Foundation Inc?

    The Fraxa Research Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fraxa.org

    Learn more at the official website: www.fraxa.org

    Mission Statement of Fraxa Research Foundation Inc

    Fraxa Research Foundation Inc, as a nonprofit organization, is dedicated to achieving two significant goals: finding effective treatments and ultimately curing Fragile X syndrome. The foundation's primary mission revolves around directly funding grant research, which is a crucial step towards addressing this neurological disorder. By investing in research, Fraxa Research Foundation Inc hopes to contribute to the scientific community's understanding of Fragile X syndrome and pave the way for potential cures. The organization's focus on research reflects its commitment to improving the lives of those affected by this syndrome, providing a beacon of hope for families and individuals seeking better treatment options.

    Impact

    This information is meant to be a general summary of Fraxa Research Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Fraxa Research Foundation Inc's impact can be seen in its dedication to finding effective treatments and ultimately a cure for Fragile X syndrome. By raising funds for direct funding of grant research, Fraxa Research Foundation Inc is actively supporting the quest for a solution to this genetic condition. Through their efforts, they are contributing to advancements in medical research and the potential improvement of the quality of life for individuals affected by Fragile X syndrome.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $271,800
  • Program Service Revenue: $0
  • Gross Receipts: $2,751,979

    • Assets and Liabilities:
  • Total Assets: $3,531,781
  • Total Liabilities: $9,338
  • Net Assets: $3,522,443
  • Organization Details

    Founding Year

    1994

    Principal Officer

    Katherine N Clapp

    Main Address

    10 Prince Place, Newburyport, MA, 01950

    NTEE Category

    Code: H99 - Medical research

    If you are a representative of Fraxa Research Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.