Overview
What is Maine Medical Education Trust?
Maine Medical Education Trust is a nonprofit organization based in Manchester, Maine. Established with the purpose of improving medical practice, it conducts educational seminars and offers grants and contributions to organizations that contribute to medical education. The organization supports the pursuit of education in the healthcare field, encourages programs for healthcare providers, promotes public health protection, disseminates health information, and supports medical schools. Additionally, Maine Medical Education Trust aids in the rehabilitation of impaired physicians. Overall, its mission is dedicated to advancing medical knowledge and enhancing healthcare quality through continuous education and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Maine Medical Education Trust has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 73% reflects a decent performance in some financial aspects, particularly with a program expense ratio of 82.96%, suggesting that a large portion of their funds is directed toward their mission-related activities.
However, there are notable weaknesses in governance and transparency. The organization lacks several key policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, all of which received zero points. Additionally, the nonprofit's website does not provide the necessary tax forms, further highlighting gaps in accountability.
Despite having a fully independent board with no material diversion of assets, the deficiencies in key policies and transparency measures may raise concerns for potential donors. Strengthening these areas could significantly enhance the trustworthiness and effectiveness of the Maine Medical Education Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Medical Education Trust legitimate?
Maine Medical Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Medical Education Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Maine Medical Education Trust?
The Maine Medical Education Trust, a nonprofit organization, is dedicated to improving and upgrading medical practice through education and training. It encourages individuals in the health care field to pursue their education and supports programs for physicians and other health providers. The organization also promotes and protects public health by publishing and distributing health information to interested parties. Additionally, it provides grants and contributions to organizations that contribute to medical education, as demonstrated by conducting continuing medical education seminars. In essence, the Maine Medical Education Trust aims to enhance medical knowledge and skills, support educational initiatives, and promote public health.
Who is the CEO of Maine Medical Education Trust?
Andrew Maclean is the President El of Maine Medical Education Trust.
What is the revenue of Maine Medical Education Trust?
Maine Medical Education Trust's revenue in 2022 was $490,954.
Who are the executives of Maine Medical Education Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Maine Medical Education Trust?
Maine Medical Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maine Medical Education Trust
Maine Medical Education Trust, as a Maine-based nonprofit corporation, is primarily focused on enhancing and upgrading medical practice through education and training. The organization supports individuals pursuing education in the healthcare field, encourages professional development for physicians and other healthcare providers, and advocates for projects that promote and protect public health. Maine Medical Education Trust also disseminates general health information to interested parties and the public at large. Furthermore, the nonprofit contributes to medical schools and extends aid to impaired physicians in their rehabilitation. In practical terms, Maine Medical Education Trust conducts continuing medical education seminars and bestows grants and contributions to organizations that contribute to medical education.
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Impact
July, 2024
Maine Medical Education Trust's impact lies in its dedication to promoting and improving medical practice through education and training. By sponsoring and organizing projects, programs, and seminars for physicians and other healthcare providers, the organization plays a crucial role in advancing medical knowledge and skills. Additionally, its support for medical schools and initiatives to rehabilitate impaired physicians contribute to the overall enhancement of healthcare services in Maine and beyond. Through the dissemination of general health information and the promotion of public health initiatives, the Maine Medical Education Trust serves as a valuable resource for the medical community and the general public.
This information is meant to be a general summary of Maine Medical Education Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $971
- Program Service Revenue: $50,325
- Gross Receipts: $490,954
Assets and Liabilities:
- Total Assets: $5,549,655
- Total Liabilities: $119,522
- Net Assets: $5,430,133
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CME ACCOUNT
Revenue
$50,325
Organization Details
Phone
(207) 622-3374Principal Officer
Andrew Maclean
Main Address
PO BOX 190, MANCHESTER, ME, 04351
NTEE Category
Code: G90Z - Disease
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