Overview
What is Iu Medical Group Foundation Inc?
Iu Medical Group Foundation Inc is a nonprofit organization situated in Indianapolis, Indiana. Its primary mission is to manage and distribute funds for the advantage of Indiana University School of Medicine and Indiana University Health Care Associates, Inc. This philanthropic entity aims to support these institutions by acquiring donations and channeling them towards their respective goals. By doing so, it plays a crucial role in strengthening the educational and healthcare sectors at Indiana University.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Iu Medical Group Foundation Inc has received a two-star rating from Charity Navigator, indicating that there are areas requiring improvement. The organization scores high in accountability and finance with a perfect score of 100%, demonstrating strong financial management practices. Key strengths include a high program expense ratio of 98.61%, suggesting that the majority of funds are directed towards their programs and mission.
However, the nonprofit faces significant challenges in its governance practices, notably with a complete lack of independent board members, which raises concerns about oversight and potential conflicts of interest. Additionally, important policies and documents such as the whistleblower policy and document retention policy are missing, which could impact transparency and accountability. The absence of a website listed on the tax form and several key documents on its website further detracts from its credibility.
In summary, while the Iu Medical Group Foundation Inc shows strong financial health and dedication to its programs, it must address governance issues and improve its transparency to enhance overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Iu Medical Group Foundation Inc legitimate?
Iu Medical Group Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iu Medical Group 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Iu Medical Group Foundation Inc?
The Iu Medical Group Foundation Inc plays a crucial role in acquiring and managing funds to benefit the Indiana University School of Medicine and Indiana University Health Care Associates, Inc. This non-profit organization's primary mission is dedicated to distributing these funds to support the important work and advancements of these educational and healthcare institutions. By providing financial resources, the foundation contributes significantly to the ongoing development and growth of the Indiana University School of Medicine and Indiana University Health Care Associates.
Who is the CEO of Iu Medical Group Foundation Inc?
Jamie B Dimond is the Board Chairman of Iu Medical Group Foundation Inc.
What is the revenue of Iu Medical Group Foundation Inc?
Iu Medical Group Foundation Inc's revenue in 2023 was $90,820,472.
Who are the executives of Iu Medical Group Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $1,007,751
- Other: $335,652
- Compensation: $0
- Related: $677,639
- Other: $113,045
- Compensation: $0
- Related: $1,009,146
- Other: $43,770
- Compensation: $0
- Related: $666,091
- Other: $69,184
- Compensation: $0
- Related: $459,856
- Other: $63,901
- Compensation: $0
- Related: $645,482
- Other: $68,567
- Compensation: $0
- Related: $809,649
- Other: $180,909
Where can I find the form 990 for Iu Medical Group Foundation Inc?
Iu Medical Group Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Iu Medical Group Foundation Inc
Iu Medical Group Foundation Inc is a philanthropic organization dedicated to raising and managing funds for the betterment of Indiana University School of Medicine and Indiana University Health Care Associates, Inc. The foundation plays a vital role in supporting these institutions by acquiring and distributing donations effectively.
In more detail, Iu Medical Group Foundation Inc serves as a crucial link between donors and the recipients of their generosity. By managing and allocating funds, the foundation ensures that the Indiana University School of Medicine and Indiana University Health Care Associates, Inc. receive the resources they need to further their missions. The foundation's dedication to this task is reflected in its clear mission statement: "to acquire, manage, and distribute funds for the benefit of Indiana University School of Medicine and Indiana University Health Care Associates, Inc."
The financial assistance provided by the Iu Medical Group Foundation Inc is essential for the growth and continued success of these organizations. By supporting research, education, and healthcare initiatives, the foundation enables Indiana University School of Medicine and Indiana University Health Care Associates, Inc. to make a significant impact on the lives of countless individuals. Ultimately, the Iu Medical Group Foundation Inc acts as a vital partner, bridging the gap between those who want to give and those who can benefit the most from their support.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Iu Medical Group Foundation Inc significantly impacts the healthcare and medical education landscape in Indiana by acquiring, managing, and distributing funds to support the Indiana University School of Medicine and Indiana University Health Care Associates, Inc. This financial support enables the institution to enhance educational programs, foster research initiatives, and improve healthcare services. Through its focused efforts, the foundation plays a crucial role in advancing medical training, promoting innovative healthcare solutions, and ultimately benefiting the community by ensuring a well-prepared workforce in the medical field.
This information is meant to be a general summary of Iu Medical Group 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 2023.
- Investment Income: $1,726,202
- Program Service Revenue: $3,124,889
- Gross Receipts: $382,769,065
Assets and Liabilities:
- Total Assets: $340,333,025
- Total Liabilities: $85
- Net Assets: $340,332,940
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEAN'S TAX REVENUE
Revenue
$3,124,889
Organization Details
Founding Year
2004
Phone
(317) 278-3500Principal Officer
Jamie B Dimond
Main Address
340 W 10TH STREET FS5100, INDIANAPOLIS, IN, 46202
NTEE Category
Code: B114 - Education
If you are a representative of Iu Medical Group Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.