Dubai Harvard Foundation for Medical Research Inc
Nonprofit profile at a glance
- EIN
- 522446955
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6173781201
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $541,218
- Expenses
- $360,838
- Assets
- $14,411,574
- Liabilities
- $130
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- GEORGE Q DALEY MD (PRES/CHRMN OF BOARD): $1,053,858 total reported compensation
- DAVID E GOLAN MD PHD (TRUSTEE): $641,110 total reported compensation
- DAVID H ROBERTS (TRUSTEE): $605,180 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dubai harvard foundation for medical research, inc. (the "foundation") is a nonprofit corporation, established as a subsidiary of harvard university. The foundation was formed under Massachusetts law and is intended to be exempt from united states income tax under section 501(c)(3) of the united states internal revenue code. The foundation is to be operated exclusively for charitable purposes within the meaning of section 501(c)(3) of the internal revenue code. The foundation was formed by the president & fellows of harvard college in december 2004 to promote and enhance the quality of health care through research and education activities related to health care, life-sciences and medicine, with a particular focus on programs of harvard medical school that address the improvement of health care delivered to people within the emirate of dubai, the united arab emirates and countries in the surrounding region.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
The verdict
MIXED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 68
- Accountability: 40
- Sustainability: 79
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.5%; rating input score 57
- Program expense ratio: 86.2%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 33.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 39.94; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 101.4%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -34.7% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -8.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 57.5% of revenue deployed · 86.2% of spending went to programs
- Governance: 2 of 6 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $311K in reported program spending
- Leadership: top reported pay $1.1M · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: 217 filed related-organization links
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 0/100.