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Edward J Ill Excellence In Medicine Foundation Inc

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

EIN: 208498347 ✦ Princeton, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Edward J Ill Excellence In Medicine Foundation Inc?

The Edward J Ill Excellence In Medicine Foundation Inc, situated in Princeton, New Jersey, is a nonprofit organization dedicated to fostering excellence within the medical and healthcare sectors. Through its partnership with various prestigious educational institutions in New Jersey, including Rutgers and Seton Hall Universities, it awards scholarships to exceptional students in medical, dental, pharmaceutical, and physician assistant programs. These scholarships are granted based on the individuals' academic achievements, research prowess, leadership skills, and commitment to civic engagement. The Foundation's mission is to recognize and support excellence in healthcare, ultimately contributing to the betterment of New Jersey's medical community.


Official website here: www.ejifoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 74%, Two-Star out of Four Star rating.

The Edward J Ill Excellence In Medicine Foundation Inc has received a 74% rating, reflecting a Two-Star designation. This score indicates an average performance in accountability and finance. The organization demonstrates strengths in maintaining an independent board, as evidenced by perfect scores in board member independence and size. Furthermore, there are no reported issues of material diversion of assets, which suggests a solid governance structure.

However, the foundation faces significant limitations, particularly in its whistleblower and document retention policies, both of which received zero points. This raises concerns about transparency and the safeguarding of sensitive information. Additionally, while the program expense ratio is noted, it falls short of the ideal, indicating room for improvement in how effectively the organization allocates its financial resources toward its mission. Overall, while there are commendable aspects of governance, the noted weaknesses should be addressed to enhance the nonprofit's overall effectiveness.


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

Is Edward J Ill Excellence In Medicine Foundation Inc legitimate?

Edward J Ill Excellence In Medicine Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward J Ill Excellence In Medicine 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


Official website here: www.ejifoundation.org

What is the mission statement of Edward J Ill Excellence In Medicine Foundation Inc?

The Edward J Ill Excellence In Medicine Foundation Inc is dedicated to promoting and encouraging excellence in the field of medicine and healthcare. Their mission is to recognize and honor excellence within the healthcare system by offering substantial scholarships to deserving students. These students, hailing from New Jersey, are enrolled in medical, dental, pharmaceutical, or physician assistant programs in local schools. The Foundation selects these individuals based on their outstanding academic achievements, research skills, leadership qualities, and commitment to community engagement. The scholarship aims to support students who are passionate about practicing medicine in New Jersey, thereby contributing to the enhancement of healthcare services in the state.


Official website here: www.ejifoundation.org

Who is the CEO of Edward J Ill Excellence In Medicine Foundation Inc?

Patricia A Costante is the Trustee Vice Chairman of Edward J Ill Excellence In Medicine Foundation Inc.


Official website here: www.ejifoundation.org

What is the revenue of Edward J Ill Excellence In Medicine Foundation Inc?

Edward J Ill Excellence In Medicine Foundation Inc's revenue in 2022 was $206,097.


Official website here: www.ejifoundation.org

Who are the executives of Edward J Ill Excellence In Medicine Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Paul J Hirsch Md (Trustee Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia A Costante (Trustee Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine E Williams (Trustee Secretary Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher S Bateman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina L Gowaty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet S Puro (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ejifoundation.org

Where can I find the form 990 for Edward J Ill Excellence In Medicine Foundation Inc?

Edward J Ill Excellence In Medicine Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ejifoundation.org

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

Mission Statement of Edward J Ill Excellence In Medicine Foundation Inc

The Edward J Ill Excellence In Medicine Foundation Inc is committed to promoting excellence in the field of medicine and healthcare. Its mission is twofold: firstly, it aims to recognize and encourage excellence within the healthcare system. The foundation accomplishes this by recognizing and honoring individuals who embody these values. Secondly, the foundation provides substantial scholarships to New Jersey residents who are pursuing careers in medical, dental, pharmaceutical, or physician assistant studies at New Jersey universities. These scholars have demonstrated exceptional academic performance, conduct extensive research, exhibit strong leadership qualities, and engage actively in community service. By investing in these promising students, the Edward J Ill Excellence In Medicine Foundation Inc hopes to foster a new generation of healthcare professionals who will uphold and advance the standards of excellence in medical care.

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Impact




October, 2024

The Edward J Ill Excellence in Medicine Foundation Inc significantly impacts the healthcare landscape in New Jersey by fostering the next generation of healthcare professionals. By awarding scholarships specifically designed for medical, dental, pharmaceutical, and physician assistant students, the Foundation promotes a culture of excellence in scholarship, research, leadership, and civic engagement among future practitioners.

Through partnerships with esteemed institutions such as Rutgers New Jersey Medical School, Seton Hall University, and Cooper Medical School of Rowan University, the Foundation has successfully recognized and supported students who exemplify these values. In recent initiatives, nine scholarships have been awarded, directly contributing to the professional development of students committed to practicing in New Jersey.

This investment in education not only encourages academic and professional achievement but also enhances the quality of healthcare in the region by preparing well-rounded, dedicated professionals. The Foundation's focus on excellence in medical care and healthcare recognizes the vital role that skilled and community-oriented practitioners play in improving health outcomes and advocating for patient well-being.




This information is meant to be a general summary of Edward J Ill Excellence In Medicine 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.

Revenue
$206,097 (2022)
Expenses
$271,522 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $418
  • Gross Receipts: $206,097

Assets and Liabilities:

  • Total Assets: $491,340
  • Total Liabilities: $14,845
  • Net Assets: $476,495

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Organization Details

Founding Year

2007

Principal Officer

Patricia A Costante

Main Address

174 Nassau Street Number 800, Princeton, NJ, 08542

NTEE Category

Code: E03 - Health

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