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Institute For In Vitro Sciences Inc

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

EIN: 522029668 ✦ Gaithersburg, MD ✦ Designated as a 501(c)(3)

Overview

What is Institute For In Vitro Sciences Inc?

Institute for In Vitro Sciences Inc is a nonprofit organization committed to promoting the global acceptance and utilization of non-animal testing methods. Based in Gaithersburg, Maryland, the institute collaborates with over 60 companies to develop and implement alternative testing strategies, conducting tests on over 880 compounds and products. Their mission is threefold: to optimize and apply scientifically robust in vitro methods globally, create a collaborative platform for industry, regulatory agencies, and animal welfare organizations, and develop educational programs to expand the adoption of non-animal testing methods worldwide. Notably, the institute has successfully employed human precision cut lung slices (HPCLS) as an alternative to animal testing for inhalation and respiratory endpoints, leading to inquiries for their use in other laboratories.


Official website here: www.iivs.org

Is Institute For In Vitro Sciences Inc legitimate?

Institute For In Vitro Sciences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For In Vitro Sciences 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: $356,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,736,526

For more financial information, click here


Official website here: www.iivs.org

What is the mission statement of Institute For In Vitro Sciences Inc?

The Institute for In Vitro Sciences Inc's mission is focused on promoting the use and acceptance of non-animal testing methods globally. This is achieved by driving the optimization and application of robust in vitro methods that are accepted by regulatory agencies and adopted by the industry worldwide. The organization serves as a platform for industry, regulatory agencies, and animal welfare organizations to collaborate in developing humane scientific tools for testing. Additionally, they utilize their expertise to create educational and outreach programs aimed at expanding the adoption of non-animal test methods on a global scale.


Official website here: www.iivs.org

Who is the CEO of Institute For In Vitro Sciences Inc?

Amanda K Ulrey is the Ceo/Board Chair/Secretary of Institute For In Vitro Sciences Inc. The CEO's salary of Institute For In Vitro Sciences Inc is $31,026 and their total compensation is $32,267.


Official website here: www.iivs.org

What is the revenue of Institute For In Vitro Sciences Inc?

Institute For In Vitro Sciences Inc's revenue in 2022 was $6,860,766.


Official website here: www.iivs.org

Who are the executives of Institute For In Vitro Sciences Inc and what are their salaries?

The average compensation at Institute For In Vitro Sciences Inc during 2022 was $51,549. There are 60 employees and 5 volunteers at Institute For In Vitro Sciences Inc.

Here are 13 key members and their salaries (Institute For In Vitro Sciences Inc's CEO's salary is $31,026 and their total compensation is $32,267):

    Hans A Raabe (Chief Operating Officer/Treasurer) [Trustee/Director]
  • Compensation: $145,682
  • Related: $0
  • Other: $19,999

    • Holger P Behrsing (Director)
  • Compensation: $146,469
  • Related: $0
  • Other: $12,845

    • Brent J Gilbert (Manager)
  • Compensation: $130,685
  • Related: $0
  • Other: $26,275

    • Gertrude-Emilia Costin (Director)
  • Compensation: $136,059
  • Related: $0
  • Other: $20,616

    • Erin H Hill (President/Board Member) [Trustee/Director]
  • Compensation: $135,647
  • Related: $0
  • Other: $15,432

    • Amanda K Ulrey (Vp)
  • Compensation: $123,984
  • Related: $0
  • Other: $7,553

    • Nathan Wilt (Study Director)
  • Compensation: $106,517
  • Related: $0
  • Other: $14,844

    • Rodger D Curren Phd (Ceo/Board Chair/Secretary) [Trustee/Director]
  • Compensation: $31,026
  • Related: $0
  • Other: $1,241

    • John R Fowle (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James M Hoffman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard E Kouri (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • A Wallace Hayes (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel A Bagley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.iivs.org

    Where can I find the form 990 for Institute For In Vitro Sciences Inc?

    The Institute For In Vitro Sciences Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.iivs.org

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

    Mission Statement of Institute For In Vitro Sciences Inc

    The Institute for In Vitro Sciences Inc is committed to advancing the use and acceptance of non-animal testing methods globally. Their mission encompasses three key objectives. Firstly, they strive to optimize and apply scientifically robust in vitro methods that are recognized and adopted by regulatory agencies and industries worldwide. Secondly, they aim to establish a platform where industry, regulatory agencies, and animal welfare organizations can collaborate in developing humane, scientific tools for testing. Lastly, utilizing their expertise, they create educational and outreach programs to promote the adoption of non-animal test methods globally. The Institute for In Vitro Sciences Inc plays a significant role in fostering a harmonious relationship between scientific advancement, animal welfare, and regulatory compliance, ultimately contributing to the development of more humane testing methods.

    Impact

    This information is meant to be a general summary of Institute For In Vitro Sciences Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Institute For In Vitro Sciences Inc's impact lies in driving the optimization and application of scientifically robust in vitro methods that are accepted by regulatory agencies and adopted by industry worldwide. By working with over sixty companies to determine appropriate non-animal testing strategies, conducting testing, and assisting in data interpretation, IIVS has tested over 880 compounds/products at their laboratory, most in more than one test.

    Furthermore, IIVS continues to optimize and standardize in vitro methods to make them suitable for industry and regulatory needs, often collaborating with stakeholders such as industry, government, and NGOs. Their advancements are shared with the scientific community through presentations and publications, enabling other industry and regulatory scientists to benefit from their work.

    One notable contribution is the development and promotion of Human Precision Cut Lung Slices (HPCLS) for potential regulatory application as an alternative to using animals for inhalation and respiratory endpoints. Based on successful in-house studies, stakeholders have inquired about procuring HPCLS tissues for use in their own laboratories. Notably, IIVS prepared and qualified HPCLS tissues for 17 sponsor-run laboratory studies that would have otherwise used animals.

    Through their mission to increase the use and acceptance of non-animal test methods worldwide, IIVS is making a significant impact in the scientific community and promoting humane scientific tools for testing.





    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: $83
  • Program Service Revenue: $5,782,738
  • Gross Receipts: $6,861,123

    • Assets and Liabilities:
  • Total Assets: $6,566,155
  • Total Liabilities: $3,936,613
  • Net Assets: $2,629,542
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESEARCH & TESTING

    Revenue

    $5,672,585

    EDUCATION

    Revenue

    $110,153

    Organization Details

    Founding Year

    1997

    Principal Officer

    Amanda K Ulrey

    Main Address

    30 W WATKINS MILL RD 100, GAITHERSBURG, MD, 20878

    NTEE Category

    Code: B28 - Education

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