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Aquifer Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204755198 ✦ Hanover, NH ✦ Designated as a 501(c)(3)

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Overview

What is Aquifer Inc?

Aquifer Inc, based in Hanover, New Hampshire, is a nonprofit organization dedicated to enhancing medical education. They achieve this objective by collaboratively developing, maintaining, and researching innovative and comprehensive computer-assisted instruction programs. Aquifer's primary tool is the delivery of virtual patient cases and assessment tools, designed by leading medical educators. These resources help students develop essential critical reasoning, diagnostic, and communication skills. In 2022, over 78,000 students engaged with Aquifer's courses and completed over 1.2 million virtual patient cases. The organization's mission-driven workforce of 41 individuals continues to work towards providing the best healthcare education through cutting-edge virtual teaching methods.


Official website here: www.aquifer.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

Aquifer Inc has received a commendable Three-Star rating from Charity Navigator, indicating a solid level of transparency and effectiveness in its operations. The organization excels particularly in Accountability & Finance, boasting a score of 83%. Notably, it has a fully independent board and shows strong financial stewardship, with no material diversions of assets reported.

In addition to its financial accountability, Aquifer Inc demonstrates exceptional leadership and adaptability, achieving a perfect score in these areas. This suggests that the organization is not only well-structured but also responsive to changing circumstances and community needs. Furthermore, it has established robust mechanisms for collecting and using feedback, reflecting a commitment to continuous improvement.

While the overall ratings are strong, the organization’s liabilities to assets ratio received a lower score, indicating a potential area for concern regarding financial stability. However, the high program expense ratio suggests that the majority of its funds are directed towards its mission-driven activities. Overall, Aquifer Inc appears to be a trustworthy nonprofit with a strong commitment to accountability and community engagement.


This AI summary has been generated from information found on Charity Navigator.

Is Aquifer Inc legitimate?

Aquifer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aquifer 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: $796,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,014,736

For more financial information, click here


Official website here: www.aquifer.org

What is the mission statement of Aquifer Inc?

Aquifer Inc is a mission-driven non-profit organization committed to delivering top-notch healthcare education. They achieve this goal by collaboratively developing and conducting research into innovative, high-impact virtual teaching and learning methods. Their primary focus is on creating comprehensive computer-assisted instruction programs to help students enhance their critical reasoning, diagnostic, and communication skills. In 2022, over 78,000 students took at least one Aquifer course, completing over 1.2 million virtual patient cases.


Official website here: www.aquifer.org

Who is the CEO of Aquifer Inc?

Leslie Fall is the Director of Aquifer Inc. The CEO's salary of Aquifer Inc is $283,098 and their total compensation is $336,296.


Official website here: www.aquifer.org

What is the revenue of Aquifer Inc?

Aquifer Inc's revenue in 2023 was $7,474,455.


Official website here: www.aquifer.org

Who are the executives of Aquifer Inc and what are their salaries?

The average compensation at Aquifer Inc during 2023 was $92,966. There are 41 employees at Aquifer Inc.


Here are 13 key members and their salaries (Aquifer Inc's CEO's salary is $283,098 and their total compensation is $336,296):


Susan Fernandes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Lawe (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blake Darcy (Director/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Morgenstern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Prober (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Fall Md (Chief Executive Officer)
  • Compensation: $283,098
  • Related: $0
  • Other: $53,198
Craig Davis (Chief Financial Officer)
  • Compensation: $159,354
  • Related: $0
  • Other: $42,235
Eileen Olszewski (Chief Engagement Officer)
  • Compensation: $156,962
  • Related: $0
  • Other: $54,030
Stephanie Dewitt (Dir. Of Product)
  • Compensation: $140,701
  • Related: $0
  • Other: $35,466
Tracy Cosker (Dir. Of Customer Success)
  • Compensation: $140,979
  • Related: $0
  • Other: $1,258
Nat Pierson (Dir. Of Platform)
  • Compensation: $126,424
  • Related: $0
  • Other: $29,264
Jennifer Archambault (Chief People Officer)
  • Compensation: $148,980
  • Related: $0
  • Other: $42,207
Shawn Griffin (Dir. Of Software Development)
  • Compensation: $120,648
  • Related: $0
  • Other: $16,522


Official website here: www.aquifer.org

Where can I find the form 990 for Aquifer Inc?

Aquifer Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.aquifer.org

Learn more at the official website: www.aquifer.org

Mission Statement of Aquifer Inc

Aquifer Inc, a mission-driven non-profit organization, is dedicated to enhancing medical education. The organization achieves this goal by collaboratively developing, maintaining, and conducting research into innovative and comprehensive computer-assisted instruction programs. With a focus on delivering high-impact virtual teaching and learning methods, Aquifer Inc aims to provide the best healthcare education possible.

The non-profit utilizes the expertise of leading medical educators to develop virtual patient cases and assessment tools. These resources help students hone essential skills such as critical reasoning, diagnosis, and communication. In 2022 alone, over 78,000 students engaged with at least one Aquifer course, completing over 1.2 million virtual patient cases. The organization's efforts contribute significantly to equipping future healthcare professionals with the necessary competencies to deliver effective care.

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Impact




October, 2024

Aquifer Inc significantly enhances medical education by delivering innovative virtual patient cases and assessment tools crafted by leading medical educators. This approach equips students with essential skills in critical reasoning, diagnostics, and communication. In 2022, Aquifer's impact was substantial, with over 78,000 students engaging in its programs, collectively completing more than 1.2 million virtual patient cases. This extensive reach underscores Aquifer's role in transforming medical training, facilitating a deeper, more interactive learning experience that prepares future healthcare professionals to meet the complexities of modern medicine. Through collaborative development and ongoing research, Aquifer continues to advance teaching methodologies and improve health care education on a national scale.




This information is meant to be a general summary of Aquifer 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.

Revenue
$7,474,455 (2023)
Expenses
$7,309,944 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $61,177
  • Program Service Revenue: $7,413,278
  • Gross Receipts: $7,474,455

Assets and Liabilities:

  • Total Assets: $14,928,835
  • Total Liabilities: $9,720,717
  • Net Assets: $5,208,118

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$7,413,278

Organization Details

Founding Year

2006

Principal Officer

Leslie Fall

Main Address

33 S MAIN ST 4, HANOVER, NH, 03755

NTEE Category

Code: B28 - Education

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