Overview
What is Continuing Medical Education Institute Inc?
Continuing Medical Education Institute Inc, located in Wayzata, Minnesota, is a nonprofit organization dedicated to offering accredited medical education for healthcare providers. They employ specialists to deliver training and education, ensuring healthcare professionals stay updated with the latest developments in their field. The institute's mission is to provide high-quality, expert-led training, contributing to improved patient care and medical practices.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Continuing Medical Education Institute Inc has received a One-Star rating from Charity Navigator, primarily due to its low score in the Accountability & Finance category. While the organization demonstrates strengths in board independence and the absence of material asset diversion, crucial policy documents such as the conflict of interest and whistleblower policies are missing, which significantly impacts its accountability rating.
The organization has a high program expense ratio of 96%, indicating that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, the liabilities to assets ratio is notably concerning at 717.20%, raising questions about financial sustainability and long-term viability.
Overall, while the charity's focus on maintaining a strong independent board is commendable, the lack of essential policies and transparency in financial management creates a substantial limitation for potential donors and stakeholders. The organization would benefit from addressing these gaps to improve its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Continuing Medical Education Institute Inc legitimate?
Continuing Medical Education Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Continuing Medical Education Institute 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 Continuing Medical Education Institute Inc?
The Continuing Medical Education Institute Inc's mission is to offer accredited medical education for healthcare providers. They achieve this by leveraging the expertise of specialists to deliver comprehensive training and education. The institution's primary goal is to enhance the knowledge and skills of healthcare providers, thereby improving patient care. The Continuing Medical Education Institute Inc strives to maintain high education standards, ensuring that healthcare providers remain up-to-date with the latest medical developments. The institute provides a platform for continuous learning, fostering a culture of lifelong education in the medical field.
Who is the CEO of Continuing Medical Education Institute Inc?
Jeffrey Hagen is the President/Director of Continuing Medical Education Institute Inc.
What is the revenue of Continuing Medical Education Institute Inc?
Continuing Medical Education Institute Inc's revenue in 2022 was $123,422.
Who are the executives of Continuing Medical Education Institute Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Continuing Medical Education Institute Inc?
Continuing Medical Education Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Continuing Medical Education Institute Inc
Continuing Medical Education Institute, or CMEI, is committed to delivering accredited medical education to healthcare providers. Their mission is to leverage the expertise of specialists to provide comprehensive training and education. The primary objective of CMEI is to enhance the medical knowledge and skills of healthcare providers, thereby improving the quality of healthcare services. By utilizing specialists as instructors, CMEI aims to ensure that the training and education offered are up-to-date and evidence-based, thereby empowering healthcare providers to make informed decisions and provide optimal care to their patients.
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Impact
October, 2024
Continuing Medical Education Institute Inc significantly enhances the skills and knowledge of healthcare providers by offering accredited medical education. By utilizing specialists for training and education, the institute ensures that healthcare professionals receive expert guidance tailored to their specific fields. This focus on high-quality education improves patient care, as providers are better equipped with the latest medical knowledge and practices. Located in Wayzata, MN, the Institute plays a crucial role in keeping healthcare providers updated with essential continuing education, promoting excellence within the medical community and ultimately benefiting patients through improved treatment outcomes.
This information is meant to be a general summary of Continuing Medical Education Institute 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: $42
- Program Service Revenue: $123,380
- Gross Receipts: $123,422
Assets and Liabilities:
- Total Assets: $4,627
- Total Liabilities: $33,185
- Net Assets: -$28,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$106,678
ROOM COMMISSION
Revenue
$16,702
Organization Details
Founding Year
2005
Phone
(952) 948-1685Principal Officer
Jeffrey Hagen
Main Address
1161 WAYZATA BLVD 229, WAYZATA, MN, 55391
NTEE Category
Code: B990 - Education
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