Overview
What is Royal Arch Medical Research Foundation Inc?
Royal Arch Medical Research Foundation Inc is a nonprofit organization located in Utica, New York, specifically at 2150 Bleeker Street. Their primary mission is to provide financial assistance, contributing to the field of medical research and scholarships for aspiring medical students. This nonprofit organization is dedicated to furthering medical knowledge and education, aiming to make significant strides in the medical field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Royal Arch Medical Research Foundation Inc has received a strong rating of 94%, reflecting a high level of accountability and financial health. This rating is based solely on their excellent performance in the Accountability & Finance beacon, indicating that the organization is effectively managing its resources and maintaining transparency in its operations.
Significant strengths include a fully independent board of directors, with all ten members meeting the independence criteria. The organization has shown no material diversion of assets and has established comprehensive policies, such as a conflict of interest policy and a whistleblower protection policy, which contribute to its governance integrity. Additionally, a solid program expense ratio of 78.42% suggests that a substantial portion of their funds is directed towards their mission-related programs.
However, while the organization demonstrates strong financial practices and governance, the rating primarily reflects these aspects without providing insight into the effectiveness of their programs or the impact of their research initiatives. Further information on their programs and outcomes would provide a more rounded view of their overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Royal Arch Medical Research Foundation Inc legitimate?
Royal Arch Medical Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Arch Medical Research 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.
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What is the mission statement of Royal Arch Medical Research Foundation Inc?
The Royal Arch Medical Research Foundation Inc is committed to providing financial aid, serving as a vital resource for medical advancements. This is achieved through offering scholarships to medical students and granting funds for medical research. The foundation's mission is driven by the desire to contribute to the medical field and foster progress in the realm of healthcare. By providing financial support, the foundation aims to nurture the next generation of medical professionals and encourage groundbreaking research in the medical domain.
Who is the CEO of Royal Arch Medical Research Foundation Inc?
Jeffrey M Williamson is the President of Royal Arch Medical Research Foundation Inc.
What is the revenue of Royal Arch Medical Research Foundation Inc?
Royal Arch Medical Research Foundation Inc's revenue in 2022 was $79,895.
Who are the executives of Royal Arch Medical Research Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Royal Arch Medical Research Foundation Inc?
Royal Arch Medical Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Royal Arch Medical Research Foundation Inc
The Royal Arch Medical Research Foundation Inc is dedicated to providing financial aid in support of medical research. This nonprofit organization's mission is centered around two primary areas: offering scholarships to medical students and granting funds for medical research projects. By providing financial assistance in these areas, the Royal Arch Medical Research Foundation Inc aims to contribute to advancements in the medical field. This support can lead to breakthroughs in various medical fields, potentially improving healthcare and treatment options for many individuals.
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Impact
August, 2024
Royal Arch Medical Research Foundation Inc provides crucial financial assistance to support medical research, contributing to advancements in the field. Its impact lies in funding medical student scholarships and research grants, driving innovation and progress in healthcare. Through its mission to support medical research, the foundation plays a vital role in nurturing the next generation of medical professionals and fostering groundbreaking discoveries.
This information is meant to be a general summary of Royal Arch Medical Research 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.
- Investment Income: $40,210
- Gross Receipts: $165,888
Assets and Liabilities:
- Total Assets: $620,657
- Total Liabilities: $44,443
- Net Assets: $576,214
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Organization Details
Founding Year
1976
Phone
(315) 798-4893Principal Officer
Jeffrey M Williamson
Main Address
2150 BLEEKER STREET, UTICA, NY, 135011787
NTEE Category
Code: H90 - Medical research
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