NonprofitsMaragin Health Foundation

Science & Technology

Maragin Health Foundation

IRVING, TX

Total revenue

$2.3M

Total expenses

$1.3M

Net assets

$1.2M

Grants received

$2.4M

3 grants

EIN

883403879

Tax year

2023

Mission

Started in 2022 with mission to make meaningful contribution to science and therapeutics development Maragin operates similar to a university lab and collaborates with other university labs aiming to bridge the gap between scientific discovery and validation of therapeutic approaches. Organization has a goal of 20 academic collaborations 30 programs 50 papers and 5 proof-of-concept validations per year. Once developed and validated the therapeutic programs will graduate and move onto big pharma for further development. There is no venture capital or investor in what Maragin does. Therefore Maragin works on programs based on scientific merits and can take economically risky approaches which are often necessary for ground-breaking discovery and development.

Programs

2 programs

Initiated laboratory space planning and set up laboratory benches

0

Sourced some equipment

0

Financials

FY 2023

Revenue

Contributions & grants$2.3M
Program service revenue
Investment income$5K
Other revenue
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits$54K
Fundraising
Other expenses$1.2M
Total expenses$1.3M
Total assets$1.2M
Net assets$1.2M

People

1 listed

NameRoleCompensation

Hua Tu

CEO

Staff

15 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$45K
MEDICAL / PUBLIC SERVICES
2024
$2.3M
MEDICAL / PUBLIC SERVICES
2023

Funded by

$2.4M from 1 funder · 3 grants · 2022–2024

Gs Donor Advised Philanthropy Fund

$2.4M · 3 grants · 2022–2024

Details

EIN883403879
NTEE codeU99
Subsection03
Ruling date2022-09
Formed2022
Employees1
Volunteers2
MARAGIN HEALTH FOUNDATION — Mission, Financials & Grants Received | Grantivo