Dmm Global Foundation

Nonprofit profile at a glance

EIN
274338194
IRS 990-EZ coverage
2014–2014
Forms available
Form 990 2013, Form 990-EZ 2014
Location
Cambridge, MA, USA
Phone
6177102454
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Biological & Life Sciences

Official website

Reported finances

Revenue
$49,773
Expenses
$95,222
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • KENNETH R CHIEN MD PHD (PRESIDENT AND DIRECTOR)

People named in this filing

  • KENNETH R CHIEN MD PHD (PRESIDENT AND DIRECTOR)
  • JOSEPH F X DONOVAN III (SECRETARY, CFO AND DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dmm global foundation (the organization) was formed for the purpose of advancing global knowledge and dialogue in the field of molecular medicine and its infulence on global health.

What it reported doing in 2014

The dmm global health initiative program was formed by the organization as a repsonse to the high rate of unique and rare cariovascular diseases occuring in children and adolescents in several developing nations. Through the initiative the organization will attempt to: (1) identify those locations where childhood cardiovascular disease is most prevalent ("hot spots"); (2) recruit highly motivated and capable young physicians ("trainees") with an interest in acquiring scientific expertise in the area; (3) develop a framework that includes, among other things, the scope of research, the plan for joint publication of the research results, and financial support for the visiting trainees.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 100
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.9%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -91.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.8%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -75.8% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -96.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $85K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 5 filed schedules
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.