Overview
What is Hadassah Medical Relief Association Inc?
Hadassah Medical Relief Association Inc is a nonprofit organization that plays a vital role in supporting Hadassah, The Women's Zionist Organization of America, Inc. (HWZOA). Starting from 2021, HMRA was granted the authority to manage and invest certain investment assets on behalf of both HMRA and the Hadassah Foundation, Inc. (HF). On a quarterly basis, HMRA transfers a pro rata share of investment income and distributions from endowments held by HMRA to HWZOA and HF. The volunteer organization's mission is to inspire passion and commitment towards the future of Israel.
Official website here: www.hadassah.org
Is Hadassah Medical Relief Association Inc legitimate?
Hadassah Medical Relief Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hadassah Medical Relief Association 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.hadassah.org
What is the mission statement of Hadassah Medical Relief Association Inc?
Hadassah Medical Relief Association Inc is a volunteer organization that supports Hadassah, the Women's Zionist Organization of America. The association's primary role is to grant funds to Hadassah for managing and investing certain investment assets. Beginning in 2021, Hadassah granted Hadassah Medical Relief Association the discretion to pool and manage these funds with those owned by the Hadassah Foundation. On a quarterly basis, the association transfers a portion of the investment income and distributions from endowments held by them to Hadassah.
Official website here: www.hadassah.org
Who is the CEO of Hadassah Medical Relief Association Inc?
Naomi Adler is the Principal Officer of Hadassah Medical Relief Association Inc. The CEO's salary of Hadassah Medical Relief Association Inc is $0 and their total compensation is $307,499.
Official website here: www.hadassah.org
What is the revenue of Hadassah Medical Relief Association Inc?
Hadassah Medical Relief Association Inc's revenue in 2022 was $75,563,337.
Official website here: www.hadassah.org
Who are the executives of Hadassah Medical Relief Association Inc and what are their salaries?
There 11 volunteers at Hadassah Medical Relief Association Inc.
Here are 15 key members and their salaries (Hadassah Medical Relief Association Inc's CEO's salary is $0 and their total compensation is $307,499):
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- Related: $382,462
- Other: $87,448
- Compensation: $0
- Related: $410,987
- Other: $76,298
- Compensation: $0
- Related: $392,386
- Other: $70,465
- Compensation: $0
- Related: $302,291
- Other: $5,208
Official website here: www.hadassah.org
Where can I find the form 990 for Hadassah Medical Relief Association Inc?
Hadassah Medical Relief Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hadassah.org
Learn more at the official website: www.hadassah.org
Mission Statement of Hadassah Medical Relief Association Inc
Hadassah Medical Relief Association Inc, a volunteer organization, plays a crucial role in supporting Hadassah, The Women's Zionist Organization of America, Inc., by managing and investing certain investment assets on its behalf. This New York-based not-for-profit grants Hadassah the discretion and responsibility for administering these funds. Beginning in 2021, Hadassah Medical Relief Association has been entrusted with pooling and managing these investments alongside funds owned by the Hadassah Foundation, Inc.
On a quarterly basis, Hadassah Medical Relief Association transfers a proportionate share of investment income to Hadassah and the Hadassah Foundation. Moreover, Hadassah Medical Relief Association also transfers distributions from endowments held by the association to Hadassah. By managing these investments, Hadassah Medical Relief Association contributes significantly to the financial well-being of Hadassah, enabling the organization to carry out its mission effectively.
Hadassah, The Women's Zionist Organization of America, is a New York not-for-profit corporation that inspires passion and commitment to the future of Israel. Hadassah Medical Relief Association, as a vital supporter of Hadassah, ensures the financial stability of this women's Zionist organization, allowing it to continue its important work. Through its investment management and transfer of funds, Hadassah Medical Relief Association is an essential partner in the mission of Hadassah.
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Impact
October, 2024
Hadassah Medical Relief Association Inc plays a vital role in supporting and enhancing healthcare initiatives tied to the future of Israel. Through its partnership with Hadassah, the Women’s Zionist Organization of America, it manages and invests essential assets that bolster medical services and community health programs.
Beginning in 2021, HMRA assumed responsibility for administering and managing certain investment funds, ensuring that their financial resources are efficiently used to support the missions of both HMRA and the Hadassah Foundation, Inc. This financial stewardship includes the strategic pooling of funds, enabling robust investment practices that yield income which is distributed quarterly to relevant stakeholders.
The organization’s commitment to healthcare development translates into tangible benefits for communities, as it facilitates substantial grants and financial support that foster advancements in medical research, education, and direct health services. By aligning its efforts with a broader vision for Israel's future, HMRA not only impacts healthcare access and quality but also strengthens community ties and promotes a legacy of philanthropy and responsibility. Overall, HMRA's influence extends far beyond its financial transactions; it inspires a lasting commitment to health and wellness in the region.
This information is meant to be a general summary of Hadassah Medical Relief Association 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: -$12,662,102
- Gross Receipts: $231,682,678
Assets and Liabilities:
- Total Assets: $564,855,684
- Total Liabilities: $365,659,636
- Net Assets: $199,196,048
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Organization Details
Founding Year
1925
Phone
(212) 355-7900Principal Officer
Naomi Adler
Main Address
40 WALL STREET, NEW YORK, NY, 10005
Website
www.hadassah.orgNTEE Category
Code: Q30 - International
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