Overview
What is Medical Center Of The Americas Foundation?
The Medical Center of the Americas Foundation is a 501(c)(3) nonprofit organization based in El Paso, Texas. Its primary focus is to promote and facilitate medical research and education, aiming to address health issues affecting the greater El Paso area. The foundation encourages the establishment of a medical center in El Paso and provides funding to qualified organizations or individuals to address the health needs of the community. Notably, they have initiated a project to establish the region's first biomedical and healthcare research park, beginning with the construction of the Cardwell Collaborative and the Texas Tech University Health Sciences Center Gayle Greve Hunt School of Nursing Building. With a team of 25 employees, the foundation is committed to operating exclusively for charitable, educational, and scientific purposes, furthering its mission to improve healthcare in El Paso.
Official website here: www.mcamericas.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Medical Center of the Americas Foundation has received a high score of 96%, reflecting its strong accountability and finance practices. The rating is based entirely on the organization's financial responsibility, indicating a robust operational framework with no material diversions of assets reported. This level of transparency is vital for gaining the trust of donors and stakeholders.
One of the notable strengths of the foundation is its independent board structure, boasting 100% independent members, which enhances decision-making and governance. The organization also excels in its financial management practices, as evidenced by a program expense ratio of 82.90%, indicating a significant portion of funds directed toward its mission-related activities. Additionally, the presence of comprehensive policies such as whistleblower protections and conflict of interest guidelines further reinforces its commitment to ethical governance.
While the data does not highlight any specific limitations, the focus on financial metrics suggests that additional qualitative factors, such as program impact or community feedback, would provide a more complete picture of the organization's effectiveness and reach. Overall, the foundation's strong financial health and governance practices mark it as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Center Of The Americas Foundation legitimate?
Medical Center Of The Americas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Center Of The Americas Foundation 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: $220,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $841,512
For more financial information, click here
Official website here: www.mcamericas.org
What is the mission statement of Medical Center Of The Americas Foundation?
The Medical Center of the Americas Foundation is organized with several objectives. Primarily, it aims to encourage and assist in establishing a medical center, fostering medical research, and promoting education to address health issues within a broader geographic area. The foundation also extends grants, loans, or distributions to qualified organizations or individuals to address the health needs of the general population in this area. Additionally, it performs various services, activities, and functions permitted for tax-exempt corporations under Section 501(C)(3) of the Internal Revenue Code, always operating for charitable, educational, and scientific purposes.
Official website here: www.mcamericas.org
Who is the CEO of Medical Center Of The Americas Foundation?
Carlos Ortega is the CEO of Medical Center Of The Americas Foundation The CEO's salary of Medical Center Of The Americas Foundation is $220,000 and their total compensation is $240,163.
Official website here: www.mcamericas.org
What is the revenue of Medical Center Of The Americas Foundation?
Medical Center Of The Americas Foundation's revenue in 2023 was $5,622,087.
Official website here: www.mcamericas.org
Who are the executives of Medical Center Of The Americas Foundation and what are their salaries?
The average compensation at Medical Center Of The Americas Foundation during 2023 was $53,076. There are 20 employees at Medical Center Of The Americas Foundation.
Here are 16 key members and their salaries (Medical Center Of The Americas Foundation's CEO's salary is $220,000 and their total compensation is $240,163):
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- Compensation: $220,000
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- Other: $20,163
- Compensation: $142,082
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- Compensation: $132,350
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- Other: $5,294
- Compensation: $112,584
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- Other: $15,866
Official website here: www.mcamericas.org
Where can I find the form 990 for Medical Center Of The Americas Foundation?
Medical Center Of The Americas Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcamericas.org
Learn more at the official website: www.mcamericas.org
Mission Statement of Medical Center Of The Americas Foundation
The Medical Center of the Americas Foundation is established with a mission to inspire and aid in the establishment of a medical center in a specific location, El Paso, Texas. Beyond this, the organization seeks to facilitate and promote medical research and education to address health issues impacting the broader El Paso area. The Foundation's mission extends further by making grants, loans, or other distributions to qualified organizations or individuals, exclusively to address the health needs of the general population in the El Paso area. Additionally, the Medical Center of the Americas Foundation performs various services, activities, and functions as permitted for corporations exempt from tax under Section 501(C)(3) of the Internal Revenue Code of 1986, while operating exclusively for charitable, educational, and scientific purposes.
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Impact
October, 2024
The Medical Center of the Americas Foundation significantly impacts the healthcare landscape in El Paso, Texas, by promoting the establishment of essential medical infrastructure and resources. Its primary focus is on developing a biomedical cluster that includes the region's first biomedical and healthcare research park, with the foundational Cardwell Collaborative building as a key component.
By facilitating medical research and education, the Foundation addresses critical health issues that affect the greater El Paso area, ensuring that local healthcare professionals are well-equipped to meet community needs. It also plays a vital role in funding initiatives like the Texas Tech University Health Sciences Center Gayle Greve Hunt School of Nursing, thereby enhancing nursing education and training in the region.
Moreover, the Foundation provides financial support in the form of grants and loans to qualified organizations and individuals, specifically targeting the health needs of the El Paso population. Through these combined efforts, it not only strengthens healthcare capabilities locally but also contributes to the overall wellbeing of the community, striving to ensure that El Paso becomes a center of excellence for healthcare and medical research.
This information is meant to be a general summary of Medical Center Of The Americas Foundation. 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: $133,769
- Program Service Revenue: $981,671
- Gross Receipts: $5,622,087
Assets and Liabilities:
- Total Assets: $13,739,949
- Total Liabilities: $4,331,676
- Net Assets: $9,408,273
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Organization Details
Founding Year
2006
Principal Officer
Carlos Ortega
Website
www.mcamericas.orgNTEE Category
Code: E11 - Health
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