Novagen Research Fund
Public records show a registered, tax-exempt organization in good standing.
What it says it does
NOVAGEN RESEARCH FUND (NGRF) IS DEDICATED TO ADVANCING SCIENTIFIC KNOWLEDGE AND PROMOTING INNOVATION FOR THE BETTERMENT OF SOCIETY. OUR MISSION IS TO SUPPORT RIGOROUS AND IMPACTFUL RESEARCH AND INTERDISCIPLINARY SCIENCES, DISSEMINATE KNOWLEDGE, AND FOSTER COLLABORATION TO ADDRESS COMPLEX GLOBAL CHALLENGES.
- Income
- $425,000
- Spending
- $54,625
- Spent on programs
- 39%
- Reserves
- 83.5 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
- Volunteers
- 3
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 58% of charities in its peer group (science, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 83.5 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 87% of income.
Income trend
15 of 15Income rose 4150% on the year before.
Spending floor
0 of 1539% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 67 out of 100. Higher than 43% of charities in its peer group (science, $250k to $1m).
Independent board
18 of 253 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $21,374 spent. THE AI IMAGING LAB ADVANCES THE APPLICATION OF COMPUTER VISION AND ARTIFICIAL INTELLIGENCE TO THE INTERPRETATION AND ANALYSIS OF MEDICAL IMAGES AND COMPLEX HEALTH DATA. THE LAB DEVELOPS INTELLIGENT SYSTEMS CAPABLE OF DETECTING SUBTLE PATHOLOGIES WITH PRECISION TO SUPPORT CLINICAL DECISION-MAKING AND ACCELERATE MEDICAL DISCOVERY. KEY RESEARCH AREAS INCLUDE MULTI-MODALITY AI THAT INTEGRATES DIVERSE DATA TYPES SUCH AS IMAGES, GENOMIC DATA, AND TEXT TO DEEPEN PATIENT UNDERSTANDING; LONGITUDINAL PREDICTION MODELS THAT ANALYZE DATA ACROSS A PATIENT'S FULL HEALTHCARE JOURNEY TO FORECAST DISEASE PROGRESSION AND TREATMENT RESPONSE; VASCULAR ATLAS DEVELOPMENT TO MAP THE BODY'S VASCULAR SYSTEM AND ENABLE EARLY DETECTION OF STRUCTURAL ABNORMALITIES; AND FEDERATED LEARNING FRAMEWORKS THAT ALLOW AI MODELS TO BE TRAINED ACROSS DISTRIBUTED INSTITUTIONAL DATASETS WITHOUT SHARING SENSITIVE PATIENT INFORMATION. THE LAB OPERATES IN ACADEMIC COLLABORATION WITH RESEARCHERS AT THE UNIVERSITY OF ALBERTA WITH EXPERTISE IN MRI, CT, ULTRASOUND, AND OPHTHALMOLOGICAL IMAGING AI.
- THE LARGE LANGUAGE MODEL (LLM) LAB ADVANCES THE NEXT GENERATION OF CLINICAL AI INTELLIGENCE BY FOCUSING ON TWO CORE RESEARCH AREAS: IMPROVING INFERENCE EFFICIENCY AND CONSTRUCTING MULTI-MODAL KNOWLEDGE GRAPHS FOR MEDICINE AND BIOLOGY. THE LAB DEVELOPS NEW ARCHITECTURES AND EVALUATION METRICS THAT REDUCE THE COMPUTATIONAL COST OF DEPLOYING LARGE LANGUAGE MODELS, ENABLING SECURE LOCAL MODEL DEPLOYMENT WITHOUT RELIANCE ON EXPENSIVE THIRD-PARTY INFRASTRUCTURE FOR PROCESSING SENSITIVE HEALTH DATA. IN PARALLEL, THE LAB BUILDS KNOWLEDGE GRAPHS THAT CONNECT MEDICAL LITERATURE, PATIENT RECORDS, AND DIAGNOSTIC IMAGING TO DELIVER REAL-TIME, CONTEXT-AWARE CLINICAL INSIGHTS. A FLAGSHIP PROJECT, ASK AITHENA, IS PART OF THE NATIONAL AI RESEARCH RESOURCE (NAIRR) PILOT PROGRAM A RETRIEVAL-AUGMENTED GENERATION MODEL PROVIDING AI ACCESS TO APPROXIMATELY 250 MILLION SCIENTIFIC AND MEDICAL TEXTS TO ACCELERATE BIOMEDICAL RESEARCH. BY PUSHING THE BOUNDARIES OF LLM DEVELOPMENT, THE LAB AIMS TO MAKE AI MORE ACCESSIBLE, SECURE, AND IMPACTFUL ACROSS THE HEALTHCARE ECOSYSTEM.
- THE POLUS CENTER FOR DATA RESEARCH (PCDR) ADVANCES BIOMEDICAL DISCOVERY BY DEVELOPING AND MAINTAINING OPEN-SOURCE, INTEROPERABLE, AND HIGH-PERFORMANCE DATA SYSTEMS FOR THE GLOBAL SCIENTIFIC COMMUNITY. PCDR STEWARDS THE POLUS PLATFORM AN OPEN-SOURCE SYSTEM OPERATING ON CLOUD AND HIGH-PERFORMANCE COMPUTING INFRASTRUCTURE WHICH INTEGRATES ARTIFICIAL INTELLIGENCE, STATISTICAL METHODS, REPRODUCIBLE WORKFLOWS, AND INTERACTIVE DATA EXPLORATION TOOLS IN A UNIFIED ENVIRONMENT, ORIGINALLY DEVELOPED IN PARTNERSHIP WITH THE NATIONAL INSTITUTES OF HEALTH. THE CENTER PROVIDES SCALABLE DATA PROCESSING TOOLS AND PIPELINES BUILT ON OPEN STANDARDS, SUPPORTS THE DEVELOPMENT OF FILE SPECIFICATIONS AND WORKFLOW DEFINITION STANDARDS TO ENHANCE REPRODUCIBILITY AND INTEROPERABILITY, AND FOSTERS AN OPEN-SOURCE RESEARCH COMMUNITY. PCDR'S WORK SPANS CLINICAL AND MICROSCOPY IMAGE ANALYSIS, PHARMACOEPIDEMIOLOGY, CHEMINFORMATICS, MOLECULAR MODELING, AND MULTI-OMICS RESEARCH, WITH A FOCUS ON DATA QUALITY, HARMONIZATION, AND HYPOTHESIS-DRIVEN DISCOVERY ACROSS DISEASE AREAS INCLUDING CANCER AND INFECTIOUS DISEASE. THROUGH THESE EFFORTS, PCDR EMPOWERS BIOMEDICAL RESEARCHERS WORLDWIDE WITH THE INFRASTRUCTURE AND TECHNOLOGIES NEEDED TO ACCELERATE SCIENTIFIC ADVANCEMENT.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.