Overview
What is Buffalo Niagara Medical Campus Inc?
Buffalo Niagara Medical Campus Inc is a nonprofit organization situated in Buffalo, New York, specifically at 640 Ellicott Street 401. Its primary mission is to foster the growth of a world-class medical campus in downtown Buffalo, encompassing clinical care, research, education, and entrepreneurship. Operating under 12 separate LLCs, the organization serves as a coordinator, facilitating collaboration among its member institutions and the local community. The 120-acre space under its management is intended to provide an environment that encourages active and healthy living. The organization's mission extends beyond the medical campus, aiming to promote a knowledge-based transformation of Western New York through biomedical research, education, clinical practice, and entrepreneurship by its member institutions. Employing a workforce of 22 individuals, Buffalo Niagara Medical Campus Inc plays a vital role in the advancement of healthcare and research in the region.
Official website here: www.bnmc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Buffalo Niagara Medical Campus Inc has received a solid Three-Star rating from Charity Navigator, indicative of its strong performance in accountability and finance. The organization's score of 81% reflects a well-structured governance model, highlighted by a fully independent board of 24 members and effective oversight through its audit committee.
The nonprofit demonstrates high standards in financial transparency, with no reported material diversion of assets and comprehensive policies regarding conflict of interest, whistleblowing, and document retention. Furthermore, the impressive program expense ratio of 82.82% indicates that a significant portion of its resources is directed towards its mission-related activities.
While the rating is strong, it is important for potential donors and stakeholders to consider the overall impact and effectiveness of the organization's programs beyond just financial metrics. The high accountability score suggests sound management practices, but further qualitative insights into program outcomes could provide a more complete picture of its effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Buffalo Niagara Medical Campus Inc legitimate?
Buffalo Niagara Medical Campus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Niagara Medical Campus 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: $574,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,527,514
For more financial information, click here
Official website here: www.bnmc.org
What is the mission statement of Buffalo Niagara Medical Campus Inc?
Buffalo Niagara Medical Campus Inc's mission is to foster a top-tier medical hub for clinical care, research, education, and entrepreneurship. This is achieved by promoting a knowledge-driven transformation in the region through the biomedical research, education, clinical practice, and entrepreneurship of its member institutions. The organization strives to coordinate activities related to planning, development, and enhancement of the 120-acre campus, facilitating collaboration among member institutions and the community. It aims to create an environment that encourages active and healthy living, thereby providing ample opportunities for its operations under 12 separate LLCs.
Official website here: www.bnmc.org
Who is the CEO of Buffalo Niagara Medical Campus Inc?
Matthew Enstice is the Principal Officer of Buffalo Niagara Medical Campus Inc. The CEO's salary of Buffalo Niagara Medical Campus Inc is $321,985 and their total compensation is $346,938.
Official website here: www.bnmc.org
What is the revenue of Buffalo Niagara Medical Campus Inc?
Buffalo Niagara Medical Campus Inc's revenue in 2022 was $10,863,922.
Official website here: www.bnmc.org
Who are the executives of Buffalo Niagara Medical Campus Inc and what are their salaries?
The average compensation at Buffalo Niagara Medical Campus Inc during 2022 was $95,561. There are 22 employees and 30 volunteers at Buffalo Niagara Medical Campus Inc.
Here are 25 key members and their salaries (Buffalo Niagara Medical Campus Inc's CEO's salary is $321,985 and their total compensation is $346,938):
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- Compensation: $321,985
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- Other: $24,953
- Compensation: $209,929
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- Other: $17,958
Official website here: www.bnmc.org
Where can I find the form 990 for Buffalo Niagara Medical Campus Inc?
Buffalo Niagara Medical Campus Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bnmc.org
Learn more at the official website: www.bnmc.org
Mission Statement of Buffalo Niagara Medical Campus Inc
Buffalo Niagara Medical Campus Inc is committed to fostering a world-class medical hub for clinical care, research, education, and entrepreneurship in an unspecified location. Their mission aims to drive a knowledge-based transformation in a particular region through the biomedical research, education, clinical practice, and entrepreneurship of its member institutions. The organization operates under twelve separate LLCs, coordinating activities related to planning, development, and enhancement of a 120-acre space. Buffalo Niagara Medical Campus Inc strives to facilitate collaboration among its member institutions and the community, aiming to create a unique environment that encourages active and healthy living.
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Impact
October, 2024
Buffalo Niagara Medical Campus Inc is instrumental in transforming downtown Buffalo into a leading hub for clinical care, research, education, and entrepreneurship in the biomedical field. By coordinating activities across a 120-acre medical campus, it fosters collaboration among member institutions and engages the community, enhancing the region's health landscape.
The initiative cultivates an environment that emphasizes active and healthy living, contributing to the overall well-being of the population. It drives economic growth through job creation and innovation, positioning Western New York as a knowledge-based economy centered on biomedical research and clinical practice. The strategic focus on development and planning not only optimizes the campus infrastructure but also attracts talent and investment, ultimately promoting a healthier future for the region.
This information is meant to be a general summary of Buffalo Niagara Medical Campus 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: $142
- Program Service Revenue: $10,330,936
- Gross Receipts: $10,863,922
Assets and Liabilities:
- Total Assets: $109,106,921
- Total Liabilities: $84,543,763
- Net Assets: $24,563,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMPUS PARKING OPERATIONS
Revenue
$7,824,923
RENTAL REVENUE
Revenue
$1,980,701
DUES FROM MEMBER ORGANIZATIONS
Revenue
$414,708
REIMBURSEMENTS
Revenue
$109,000
MANAGEMENT FEES
Revenue
$1,604
Organization Details
Founding Year
1990
Phone
(716) 854-2662Principal Officer
Matthew Enstice
Main Address
640 ELLICOTT STREET 401, BUFFALO, NY, 14203
Website
www.bnmc.orgNTEE Category
Code: E21 - Health
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