Overview
What is New Jersey Institute For Medical Research & Education Inc?
The New Jersey Institute for Medical Research & Education Inc, located in Red Bank, New Jersey, serves as a nonprofit organization dedicated to offering management services, medical research, and education training programs for healthcare practitioners and medical students. With a modest workforce of three individuals, they strive to advance the field of healthcare by providing these essential services. Their mission encompasses both management and educational aspects, aiming to equip healthcare professionals and medical students with the necessary skills and knowledge to contribute positively to the medical community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The New Jersey Institute For Medical Research & Education Inc has received a score of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has not had any independent board members, which reflects poorly on its governance structure. Furthermore, it has received zero points in several critical areas, including its conflict of interest policy and whistleblower policy, suggesting a lack of transparency and risk management.
On a positive note, the organization has a high program expense ratio of 92%, which means that a substantial portion of its expenses is directed toward its programs rather than administrative costs. Additionally, it maintains a low liabilities to assets ratio of 6.78%, indicating sound financial health in terms of its balance sheet. However, the absence of a publicly available website or tax forms raises questions about its accessibility and transparency to potential donors.
Overall, while the institute demonstrates strong programmatic spending, the lack of independent oversight and essential governance policies may deter potential supporters. The significant deficiencies noted in accountability and financial transparency present challenges for the nonprofit's credibility and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is New Jersey Institute For Medical Research & Education Inc legitimate?
New Jersey Institute For Medical Research & Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey Institute For Medical Research & Education 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,548
For more financial information, click here
What is the mission statement of New Jersey Institute For Medical Research & Education Inc?
The New Jersey Institute for Medical Research & Education Inc is dedicated to providing management services, conducting medical research, and offering educational training programs for healthcare professionals and medical students. Their mission is to contribute to the advancement of healthcare knowledge and skills, ultimately aiming to improve patient care. They offer a range of training programs to equip healthcare practitioners with the necessary skills and up-to-date medical knowledge, thereby contributing to the betterment of the medical field. Additionally, they engage in medical research to expand our understanding of various health conditions and develop new treatment methods.
Who is the CEO of New Jersey Institute For Medical Research & Education Inc?
Dr Joseph J Calabro is the Chairman of New Jersey Institute For Medical Research & Education Inc.
What is the revenue of New Jersey Institute For Medical Research & Education Inc?
New Jersey Institute For Medical Research & Education Inc's revenue in 2022 was $473,051.
Who are the executives of New Jersey Institute For Medical Research & Education Inc and what are their salaries?
The average compensation at New Jersey Institute For Medical Research & Education Inc during 2022 was $72,516. There are 3 employees and 3 volunteers at New Jersey Institute For Medical Research & Education Inc.
Here are 5 key members and their salaries:
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Jersey Institute For Medical Research & Education Inc?
New Jersey Institute For Medical Research & Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Jersey Institute For Medical Research & Education Inc
The New Jersey Institute for Medical Research & Education Inc is committed to providing vital management services, conducting medical research, and offering educational training programs for healthcare practitioners and medical students. This nonprofit organization's mission is geared towards equipping these professionals with the necessary skills and knowledge to deliver optimal healthcare services. By offering these services, the New Jersey Institute for Medical Research & Education Inc contributes significantly to the advancement of the medical field, ensuring that healthcare practitioners are up-to-date with the latest developments and best practices. The organization's activities are centered around providing a comprehensive learning environment, fostering collaboration, and facilitating the exchange of ideas among healthcare professionals and medical students.
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Impact
July, 2024
The New Jersey Institute for Medical Research & Education Inc's impact lies in its provision of management services, medical research, and education training programs for healthcare practitioners and medical students. By offering these services, the organization contributes to the advancement of medical knowledge and skills in the healthcare industry. Through its focus on medical research, the institute plays a role in driving innovation and progress in the field, ultimately impacting the quality of healthcare delivery and patient outcomes. The training programs it offers also help to educate and prepare future healthcare professionals, ensuring a skilled workforce in the medical field. Overall, the institute's work makes a tangible difference in the realm of medical research and education, advancing the healthcare sector in Red Bank, NJ, and beyond.
This information is meant to be a general summary of New Jersey Institute For Medical Research & Education 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.
- Gross Receipts: $473,051
Assets and Liabilities:
- Total Assets: $349,938
- Total Liabilities: $23,737
- Net Assets: $326,201
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Organization Details
Founding Year
1995
Phone
(732) 212-0060Principal Officer
Dr Joseph J Calabro
Main Address
66 WEST GILBERT STREET, RED BANK, NJ, 07701
NTEE Category
Code: H90Z - Medical research
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