Overview
What is Scholarship Fund Of The Worcester District Medical Society?
The Scholarship Fund of the Worcester District Medical Society is a nonprofit organization that generously offers scholarships to medical students. Based on the provided information, their mission is centered around providing financial aid services to assist these students in achieving their educational goals. By offering scholarships, the fund aims to alleviate some of the financial burdens associated with medical education, thereby enabling students to focus on their studies and future careers in the medical field. The organization's activities are primarily focused on scholarship provision, serving as a valuable resource for aspiring medical professionals in the Worcester District.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Scholarship Fund of the Worcester District Medical Society has received an impressive rating of 94%, underscoring its strong performance in accountability and finance. This high score reflects the organization's commitment to transparency and effective management of resources, which is evidenced by its perfect scores in areas such as independent board membership and the absence of material asset diversion.
The organization boasts a fully independent board, with all 10 members meeting the criteria for independence. Furthermore, it implements robust policies related to conflict of interest, whistleblowing, and document retention, which contribute to its credibility and trustworthiness. The program expense ratio is also noteworthy at nearly 93%, indicating that a significant portion of its funds is directed toward its charitable programs rather than administrative costs.
While the organization demonstrates exceptional financial health with a liabilities to assets ratio of 0.00%, it is essential for potential donors to consider this alongside their own priorities and values when choosing to support a nonprofit. Overall, the Scholarship Fund of the Worcester District Medical Society stands out for its operational excellence and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Scholarship Fund Of The Worcester District Medical Society legitimate?
Scholarship Fund Of The Worcester District Medical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scholarship Fund Of The Worcester District Medical Society 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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Other Salaries and Wages: $0
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What is the mission statement of Scholarship Fund Of The Worcester District Medical Society?
The Scholarship Fund of the Worcester District Medical Society is dedicated to providing financial aid for medical students. This organization offers scholarships with the primary goal of assisting medical students in achieving their educational objectives. Through its student financial aid services, the Scholarship Fund aims to make higher education more accessible for aspiring medical professionals.
Who is the CEO of Scholarship Fund Of The Worcester District Medical Society?
Giles Whalen Md is the Secretary of Scholarship Fund Of The Worcester District Medical Society.
What is the revenue of Scholarship Fund Of The Worcester District Medical Society?
Scholarship Fund Of The Worcester District Medical Society's revenue in 2022 was $49,035.
Who are the executives of Scholarship Fund Of The Worcester District Medical Society and what are their salaries?
There are 2 employees at Scholarship Fund Of The Worcester District Medical Society.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Scholarship Fund Of The Worcester District Medical Society?
Scholarship Fund Of The Worcester District Medical Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scholarship Fund Of The Worcester District Medical Society
The Scholarship Fund of the Worcester District Medical Society is an organization committed to supporting medical students in their educational pursuits. Its mission, as stated, is to provide scholarships through its student financial aid services. This nonprofit aims to assist medical students in achieving their academic goals by offering financial aid, enabling them to focus on their studies without the burden of substantial financial obligations. By offering scholarships, the Scholarship Fund of the Worcester District Medical Society plays a crucial role in fostering the next generation of medical professionals.
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Impact
August, 2024
The Scholarship Fund Of The Worcester District Medical Society has a significant impact on the education and future of medical students. By providing scholarships through its student financial aid services, the organization helps aspiring medical professionals pursue their educational goals. This support not only eases the financial burden on students but also contributes to the growth and diversity of the medical field. Ultimately, the Scholarship Fund plays a crucial role in ensuring that talented individuals have the opportunity to receive the education and training necessary to become healthcare providers who can make a positive impact on society.
This information is meant to be a general summary of Scholarship Fund Of The Worcester District Medical Society. 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: $9,843
- Gross Receipts: $104,087
Assets and Liabilities:
- Total Assets: $714,808
- Total Liabilities: $0
- Net Assets: $714,808
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Organization Details
Phone
(508) 753-1579Principal Officer
Giles Whalen Md
Main Address
321 MAIN STREET, WORCESTER, MA, 01608
NTEE Category
Code: B82Z - Education
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