Overview
What is Latvian Medical Foundation?
The Latvian Medical Foundation, situated in Mattapoisett, Massachusetts, is a compassionate nonprofit organization that focuses on humanitarian aid. It primarily serves two vital purposes: providing support to Ukrainian refugees in Latvia and offering humanitarian assistance to Ukraine itself. In addition, the foundation has an ambulance program aimed at aiding Ukraine, and it also runs the Zarins Traveling Fellowship Program, which aims to enhance healthcare delivery in Latvia by offering fellowship awards. The organization's mission is multifaceted, encompassing both the betterment of health care in Latvia and the provision of aid to Ukraine and its displaced population.
What are the reviews and ratings of this charity?
Charity Navigator rating: 67%, Two-Star out of Four Star rating.
The Latvian Medical Foundation has received a Two-Star rating, indicating moderate performance in accountability and finance. The organization excels in certain areas, such as having a fully independent board and a strong program expense ratio of 80.44%, which shows a significant portion of its funds is directed towards its programs. Additionally, it has demonstrated no material diversion of assets and maintains a favorable liabilities to assets ratio.
However, the foundation has notable limitations that impact its overall rating. It lacks several important financial transparency measures, including missing financial statements and governance policies like conflict of interest and whistleblower policies. Furthermore, its website is not listed on its tax form, which contributes to its lower score in accountability and finance, suggesting areas for improvement in transparency and communication with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Latvian Medical Foundation legitimate?
Latvian Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latvian Medical Foundation 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 Latvian Medical Foundation?
The Latvian Medical Foundation's mission is centered around two key areas. Firstly, they focus on enhancing the delivery of healthcare in Latvia through fellowship awards. Secondly, they provide humanitarian aid to Ukraine and Ukrainian refugees, demonstrating a commitment to global assistance. The fellowship program aims to improve healthcare services within Latvia, while humanitarian efforts extend to providing aid in Ukraine, including ambulance services, and providing support to Ukrainian refugees in Latvia.
Who is the CEO of Latvian Medical Foundation?
Bertram Zarins Md is the Vice President of Latvian Medical Foundation.
What is the revenue of Latvian Medical Foundation?
Latvian Medical Foundation's revenue in 2022 was $1,041,678.
Who are the executives of Latvian Medical Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Latvian Medical Foundation?
Latvian Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Latvian Medical Foundation
The Latvian Medical Foundation is dedicated to two primary objectives. Firstly, it focuses on awarding fellowships with the aim of enhancing healthcare delivery in Latvia. Secondly, the foundation extends humanitarian aid to Ukraine and Ukrainian refugees. This humanitarian aid in Latvia takes various forms, while the assistance to Ukraine includes providing an ambulance service. The Zarins Traveling Fellowship Program is another initiative under this humanitarian aid umbrella. This program is designed to support the foundation's mission.
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Impact
July, 2024
The Latvian Medical Foundation plays a crucial role in improving health care delivery in Latvia and providing humanitarian assistance to Ukrainian refugees. Through initiatives like the Zarins Traveling Fellowship Program and supporting ambulances in Ukraine, the foundation directly impacts the lives of individuals in need. Its focus on fellowship awards further enhances medical expertise and contributes to the overall advancement of healthcare in Latvia. This impactful work exemplifies the foundation's commitment to promoting health and well-being in the region.
This information is meant to be a general summary of Latvian Medical Foundation. 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: $498
- Gross Receipts: $1,041,678
Assets and Liabilities:
- Total Assets: $1,221,352
- Total Liabilities: $0
- Net Assets: $1,221,352
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Organization Details
Founding Year
1990
Phone
(617) 726-3421Principal Officer
Bertram Zarins Md
Main Address
CO DR ZARINS 5 SHIPYARD LANE, MATTAPOISETT, MA, 02739
NTEE Category
Code: E99Z - Health
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