Overview
What is Syracuse Health Science Center Medical Alumni Foundation Inc?
The Syracuse Health Science Center Medical Alumni Foundation Inc, a New York state nonprofit corporation, was established to manage and distribute charitable contributions for the benefit of SUNY Upstate Medical University. By granting scholarships to current and prospective students and supporting activities and student programs, the foundation enhances the educational environment and fosters a sense of collegiality among alumni. Located in Syracuse, New York, the foundation's mission is dedicated to upholding the goals of the State University of New York Upstate Medical University and the Alan and Marlene Norton College of Medicine.
Official website here: www.upstate.edu/medalumni
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
The Syracuse Health Science Center Medical Alumni Foundation Inc has achieved a high level of accountability and financial performance, reflected in its impressive 95% score from Charity Navigator. This rating highlights the organization's strong governance structure, with 100% of its board members being independent, and a significant number of independent members overall. Additionally, the foundation has a solid financial oversight framework, having no reported material diversion of assets.
The organization demonstrates effective use of its resources, with a program expense ratio of 70.23%, indicating that a substantial portion of its funds directly supports its mission. The fundraising efficiency is commendable at $0.02, which means it raises significant funds for every dollar spent on fundraising activities. However, the absence of a whistleblower policy is a noted limitation, suggesting an area for improvement in governance practices.
Overall, the Syracuse Health Science Center Medical Alumni Foundation Inc is highly regarded for its financial accountability and strong operational practices. While there is room for enhancement in its policies, the foundation's commitment to transparency and effective resource management positions it as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Syracuse Health Science Center Medical Alumni Foundation Inc legitimate?
Syracuse Health Science Center Medical Alumni Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syracuse Health Science Center Medical Alumni 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.upstate.edu/medalumni
What is the mission statement of Syracuse Health Science Center Medical Alumni Foundation Inc?
The Syracuse Health Science Center Medical Alumni Foundation Inc exists to support the goals of the State University of New York Upstate Medical University and the Alan and Marlene Norton College of Medicine. The foundation's primary mission is to enhance the educational environment and promote collegiality among its alumni. It achieves this by awarding scholarships to current and prospective students of SUNY Upstate Medical University, granting endowments, and providing support for various student programs through donations. The foundation's activities aim to benefit SUNY Upstate Medical University as a whole.
Official website here: www.upstate.edu/medalumni
Who is the CEO of Syracuse Health Science Center Medical Alumni Foundation Inc?
Paul E Norcross is the Board Member of Syracuse Health Science Center Medical Alumni Foundation Inc.
Official website here: www.upstate.edu/medalumni
What is the revenue of Syracuse Health Science Center Medical Alumni Foundation Inc?
Syracuse Health Science Center Medical Alumni Foundation Inc's revenue in 2022 was $25,764,011.
Official website here: www.upstate.edu/medalumni
Who are the executives of Syracuse Health Science Center Medical Alumni Foundation Inc and what are their salaries?
Here are 26 key members and their salaries:
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- Related: $107,781
- Other: $30,794
Official website here: www.upstate.edu/medalumni
Where can I find the form 990 for Syracuse Health Science Center Medical Alumni Foundation Inc?
Syracuse Health Science Center Medical Alumni Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.upstate.edu/medalumni
Learn more at the official website: www.upstate.edu/medalumni
Mission Statement of Syracuse Health Science Center Medical Alumni Foundation Inc
The Syracuse Health Science Center Medical Alumni Foundation Inc is a New York state non-profit corporation dedicated to supporting the goals of the State University of New York Upstate Medical University and the Alan and Marlene Norton College of Medicine. In pursuit of this mission, the Foundation enhances the educational environment and fosters collegiality among alumni.
Throughout the year, the Foundation receives and administers gifts and bequests. These donations are channeled towards awarding scholarships for current and prospective students of SUNY Upstate Medical University. Moreover, the Foundation grants endowments and supports various activities and student programs. By doing so, it contributes significantly to the benefit of SUNY Upstate Medical University.
In essence, the Syracuse Health Science Center Medical Alumni Foundation Inc serves as a vital link between the alumni community and the University. It plays an essential role in securing resources for scholarships, endowments, and student programs, thereby ensuring the continued excellence of the educational institution. The Foundation's mission is carried out in a manner that fosters a sense of unity and connection among the alumni, ultimately strengthening the medical community as a whole.
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Impact
October, 2024
The Syracuse Health Science Center Medical Alumni Foundation Inc significantly contributes to the educational ecosystem of SUNY Upstate Medical University. By administering gifts and bequests, the foundation plays a crucial role in enhancing the school's resources and opportunities. Its commitment to awarding scholarships significantly alleviates financial burdens for current and prospective medical students, fostering a more diverse and talented student body.
Furthermore, the foundation's grants and endowments support vital activities and programs that enrich the educational environment. This investment not only elevates academic standards but also promotes a spirit of collegiality among alumni, encouraging collaboration and mentorship. Ultimately, the foundation's efforts help to cultivate the next generation of healthcare professionals while reinforcing the community of the Upstate Medical University.
This information is meant to be a general summary of Syracuse Health Science Center Medical Alumni 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: $2,168,450
- Gross Receipts: $31,803,180
Assets and Liabilities:
- Total Assets: $50,640,765
- Total Liabilities: $1,151,587
- Net Assets: $49,489,178
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Organization Details
Founding Year
1959
Phone
(315) 464-4362Principal Officer
Paul E Norcross
Main Address
750 E ADAMS STREET SETNOR 1510, SYRACUSE, NY, 13210
Website
www.upstate.edu/medalumniNTEE Category
Code: B84 - Education
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