Diabetes Research Connection
Diabetes Research Connection
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About this organization
Mission
The Diabetes Research Connection facilitates rapid funding of peer-reviewed, discovery-stage investigations, giving promising early-career scientists the opportunity to challenge the frontiers of type 1 diabetes research. Donors are empowered to support research projects of their choice, and interact with young researchers whose curiosity and vision will help define the future of diabetes research.
About
Established in 2012, the Diabetes Research Connection (DRC) matches donors with early-career scientists enabling them to perform peer-reviewed, novel research designed to prevent and cure type 1 diabetes (T1D), minimize its complications and improve the quality of life for those living with the disease. Many new discoveries are already being made as a result of DRCs grants which range up to $50,000.Scientists from across the country submit a grant application which is peer-reviewed by an 80+ panel of diabetes experts in the U.S. Each grant request is judged based on innovation, value and feasibility. If approved, the applicant posts a presentation on DRCs website to crowdfund his or her research. Funding can be provided in as few as 12 weeks. To ensure transparency, researchers provide project updates and post final outcomes on DRCs website. By publishing all research results online, the likelihood of duplication of research is minimized and granting agencies funds are used more efficiently. Please visit www.DiabetesResearchConnection.org for a summary of projects funded to date.Over $3,500,000 has been raised to fund twelve research projects since 2014. 100% of funds designated for research went directly to the scientists' lab. Other donors covered DRC's operating expenses. DRC is the first to use crowdfunding to support the online funding of a specific disease. Other not for profit organizations have indicated an interest in replicating the DRC model.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “Diabetes research connection's mission is to connect donors with early-career scientists enabling them to perform peer-reviewed, novel research designed to prevent and cure type 1 diabetes (t1d), minimize its complications and improve the quality of life for those living with the disease. supplemental information:since the organization funds 12-month-long research projects, there is carry-over from one year to the next of funds restricted for research grants. in 2019, $105,760 was distributed and an additional $274,767 is designated as restricted for research grants and is expected to be distributed in 2020.”.
When discussing its operations, they were characterized as: “Drc's mission is to connect donors with early-career scientists enabling them to perform peer-reviewed research designed to prevent and cure t1d, minimize its complications and improve the quality of life for those living with the disease.”.
- The non-profit's legally reported state of operation is CA.
- The form submitted by the non-profit for 2020 shows a total of 3 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $72,404.
- The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 7 independent voting members.
- The organization was formed in 2012.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $199,267 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization has grants to organizations.