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Bay Area Lyme Foundation

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

EIN: 453715012 ✦ Portola valley, CA ✦ Designated as a 501(c)(3)

Overview

What is Bay Area Lyme Foundation?

Bay Area Lyme Foundation is a nonprofit organization based in Portola Valley, California, dedicated to accelerating the development of reliable diagnostic tools for Lyme disease and working towards a cure for late-stage Lyme through funding innovative scientific research. The foundation partners with leading researchers and institutions nationwide, focusing on well-designed projects with a rigorous screening and monitoring process to ensure efficient use of funds. In 2022, Bay Area Lyme Foundation funded 10 research grants, awarding $2,657,436 to various institutions across the country, with a significant focus on improving diagnostics, therapies, and prevention through education. Duke University and the lab of Dr. Charles Chiu at UCSF were among the grant recipients, contributing to ongoing Lyme disease research.


Official website here: www.bayarealyme.org

Is Bay Area Lyme Foundation legitimate?

Bay Area Lyme Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Lyme 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.

Here are some key statistics you may want to consider:

Executive Compensation: $122,343
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,572

For more financial information, click here


Official website here: www.bayarealyme.org

What is the mission statement of Bay Area Lyme Foundation?

The Bay Area Lyme Foundation's mission is twofold. Firstly, it aims to accelerate the development of reliable diagnostic tools for Lyme disease across all stages and find a cure for late-stage Lyme disease through funding innovative scientific research. Secondly, it strives to foster prevention through education and awareness building. The organization partners with leading researchers to support promising projects in Lyme disease research, ensuring funds are spent effectively on well-designed projects. In 2022, the foundation funded various grants, allocating a significant portion to improved diagnostics and therapies for Lyme disease and other tick-borne infections.


Official website here: www.bayarealyme.org

Who is the CEO of Bay Area Lyme Foundation?

Laure Woods Pres Director is the Executive Director/Secretary of Bay Area Lyme Foundation.


Official website here: www.bayarealyme.org

What is the revenue of Bay Area Lyme Foundation?

Bay Area Lyme Foundation's revenue in 2022 was $3,112,927.


Official website here: www.bayarealyme.org

Who are the executives of Bay Area Lyme Foundation and what are their salaries?

The average compensation at Bay Area Lyme Foundation during 2022 was $140,458. There are 2 employees and 15 volunteers at Bay Area Lyme Foundation.

Here are 5 key members and their salaries:

    Linda Giampa (Executive Director/Secretary)
  • Compensation: $249,000
  • Related: $0
  • Other: $9,879

    • Dianne Barney (Controller)
  • Compensation: $142,000
  • Related: $0
  • Other: $8,367

    • Laure Woods (President, Board Of Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie Crater (Treasurer, Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Strehlow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bayarealyme.org

    Where can I find the form 990 for Bay Area Lyme Foundation?

    The Bay Area Lyme Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bayarealyme.org

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

    Mission Statement of Bay Area Lyme Foundation

    The Bay Area Lyme Foundation, an independent nonprofit organization, is dedicated to advancing the development of reliable diagnostic tools for Lyme disease across all stages and finding a cure for late-stage Lyme through funding innovative scientific research. This mission is twofold: firstly, the foundation aims to accelerate the creation of accurate diagnostic tools for Lyme disease and other tick-borne infections, and secondly, it strives to foster prevention through education and awareness-building.

    To accomplish its mission, Bay Area Lyme partners with leading researchers and institutions nationwide, supporting projects that show promise in Lyme disease research. The organization employs a rigorous screening and monitoring process, grant contingencies, and project reporting to ensure that funds are effectively allocated and well-spent on well-designed research projects. In 2022, the foundation funded ten grants, averaging $266,000 per award, to various institutions across the country for a total of $2,657,436. The focus areas for these grants included improved diagnostics, therapy improvements, and ecology and awareness projects.

    In particular, Bay Area Lyme awarded $857,268 to projects focused on improving Lyme disease diagnostics and other tick-borne infection diagnoses. Significant funding was also granted to projects aimed at enhancing Lyme disease therapies, totaling $1,696,936. Notably, Duke University received a grant of $725,876 for the late Dr. Neil Spector's Lyme disease research, while the lab of Dr. Charles Chiu received a grant of $1,047,721 for the establishment of the UCSF Lyme Clinical Trial Center. The 2022 Emerging Leader Awards, totaling $200,000, were awarded to diagnostic projects at Stanford University and Tufts University, further underscoring Bay Area Lyme's commitment to its mission.

    Impact

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




    Saturday, July 20, 2024

    Bay Area Lyme Foundation's impact is significant in the fight against Lyme disease. Through funding innovative research projects, the foundation is accelerating the development of reliable diagnostic tools for all stages of Lyme disease and working towards finding a cure for late-stage Lyme. By partnering with leading researchers and institutions nationwide, Bay Area Lyme Foundation ensures that breakthroughs in Lyme disease research are effectively designed and funds are well spent. In 2022 alone, the foundation awarded grants totaling $2,657,436 to various institutions, with a focus on improving diagnostics, therapies, and raising awareness about Lyme disease. Notable projects funded include continuing the work of Dr. Neil Spector at Duke University and supporting the establishment of the UCSF Lyme Clinical Trial Center. Through these efforts, Bay Area Lyme Foundation is making a tangible impact in the battle against Lyme disease.





    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: $49,919
  • Program Service Revenue: $0
  • Gross Receipts: $3,606,750

    • Assets and Liabilities:
  • Total Assets: $2,238,720
  • Total Liabilities: $1,614,393
  • Net Assets: $624,327
  • Organization Details

    Founding Year

    2011

    Principal Officer

    Laure Woods Pres Director

    Main Address

    884 PORTOLA RD Suite A7, PORTOLA VALLEY, CA, 94028

    NTEE Category

    Code: T20 - Philanthropy

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