Overview
What is Umass Medical School Foundation Inc?
Umass Medical School Foundation Inc is a nonprofit organization dedicated to charitable endeavors. Based on the information provided, it primarily functions by collecting and distributing charitable donations. In addition to this, the foundation offers counsel and guidance to the Development Office of the University of Massachusetts Worcester in the realm of fundraising and philanthropy. This collaboration aims to further the cause of charitable giving and support within the university community.
Official website here: www. umassmed. edu/advancement/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Stars)
UMass Medical School Foundation Inc has received a low rating of 37%, reflecting significant concerns in its accountability and financial practices. The organization scored particularly poorly in areas such as board independence, with no independent members on its board, which could raise questions about governance. Despite having effective policies in place for conflicts of interest and whistleblowing, these are overshadowed by the lack of independent oversight.
The organization has demonstrated some strengths, including a commitment to transparency, as evidenced by its listed conflict of interest and whistleblower policies. Additionally, there is no reported diversion of assets, which is a positive aspect in terms of financial integrity. However, these strengths do not compensate for the glaring weaknesses in board composition and financial ratios.
One major limitation is the absence of a tax form posted on its website, which is a critical element for public transparency. The program expense ratio is notably zero, indicating that the foundation may not be utilizing its resources effectively for its intended charitable purposes. Overall, the low rating suggests that potential donors should proceed with caution and conduct thorough due diligence before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Umass Medical School Foundation Inc legitimate?
Umass Medical School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umass Medical School Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www. umassmed. edu/advancement/
What is the mission statement of Umass Medical School Foundation Inc?
The UMass Medical School Foundation operates with a charitable purpose, primarily focusing on receiving and distributing donations. It also provides strategic guidance to the Development Office of the University of Massachusetts Worcester in fundraising and philanthropic activities. The foundation's role is to support the University's charitable initiatives. It does not have a specific mission statement as detailed as Autism Speaks Inc., United States Fund For Unicef, or National Multiple Sclerosis Society, but its primary function is clear: to facilitate charitable giving and aid in fundraising efforts.
Official website here: www. umassmed. edu/advancement/
Who is the CEO of Umass Medical School Foundation Inc?
Unavailable
Official website here: www. umassmed. edu/advancement/
What is the revenue of Umass Medical School Foundation Inc?
Umass Medical School Foundation Inc's revenue in 2022 was $0.
Official website here: www. umassmed. edu/advancement/
Who are the executives of Umass Medical School Foundation Inc and what are their salaries?
There 50 volunteers at Umass Medical School Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $362,970
- Other: $84,549
- Compensation: $0
- Related: $1,463,143
- Other: $96,881
Official website here: www. umassmed. edu/advancement/
Where can I find the form 990 for Umass Medical School Foundation Inc?
Umass Medical School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www. umassmed. edu/advancement/
Learn more at the official website: www. umassmed. edu/advancement/
Mission Statement of Umass Medical School Foundation Inc
UMass Medical School Foundation, a charitable organization, is dedicated to serving its purpose exclusively for philanthropic causes. It receives and distributes charitable gifts, playing a crucial role in supporting the Development Office of the University of Massachusetts Worcester in their fundraising efforts. The foundation provides valuable advice and assistance, contributing to the success of the university's philanthropic initiatives. By operating in this capacity, UMass Medical School Foundation contributes to the betterment of the educational and research sectors associated with the University of Massachusetts Worcester.
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Impact
October, 2024
The UMass Medical School Foundation Inc plays a crucial role in enhancing the impact of charitable giving within the University of Massachusetts Worcester community. By receiving and distributing charitable gifts, the Foundation supports various initiatives that advance medical education, research, and patient care. It collaborates closely with the Development Office, providing expert advice and assistance in fundraising efforts, thereby maximizing the potential for philanthropy in the region.
Through its activities, the Foundation strengthens the university's capacity to innovate in healthcare and education, ensuring that vital resources are available for scholarships, research initiatives, and community health programs. By fostering a culture of giving, it not only enhances the educational experience for students but also contributes to improved healthcare outcomes for the broader community in Massachusetts. Overall, the UMass Medical School Foundation Inc significantly influences the advancement of medical science and education, making meaningful contributions to public health and welfare.
This information is meant to be a general summary of Umass Medical School Foundation Inc. 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.
Assets and Liabilities:
- Total Assets: $10,332,730
- Total Liabilities: $10,332,730
- Net Assets: $0
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Organization Details
Founding Year
1998
Phone
(508) 856-8989Main Address
333 SOUTH STREET 290, SHREWSBURY, MA, 01545
NTEE Category
Code: T22 - Philanthropy
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