Overview
What is Pennsylvania Osteopathic Medical Association Foundation?
The Pennsylvania Osteopathic Medical Association Foundation is a charitable organization located at 1330 Eisenhower Boulevard, Harrisburg, PA. Their primary mission is to advance the principles of osteopathic medicine in Pennsylvania. To achieve this, they provide financial assistance in the form of scholarships and loans to deserving students pursuing osteopathic medicine. By doing so, the foundation helps these students achieve their educational goals and contributes to the expansion of the osteopathic medical field by enabling more individuals to enter and succeed in their profession. Last year, 11 such scholarships were awarded. Additionally, the foundation offers continuing medical education to the broader osteopathic medical community, further strengthening the field through professional development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Pennsylvania Osteopathic Medical Association Foundation has achieved a rating of 81% from Charity Navigator, indicating a solid level of accountability and financial health. This score is entirely derived from their Accountability & Finance metrics, where they excelled in aspects such as having a majority of independent board members and effective financial oversight measures.
Strengths of the organization include full compliance with key governance policies such as conflict of interest and whistleblower policies. The foundation also shows a strong financial position, with a low liabilities-to-assets ratio and no material diversion of assets reported. However, there are areas for improvement, particularly in the program expense ratio, which stands at 59.54%. This suggests that a smaller proportion of overall expenses is allocated to programs relative to administrative costs.
While the foundation demonstrates effective governance and financial practices, the comparatively low program expense ratio may raise questions about its prioritization of programmatic spending versus administrative expenditures. Overall, the Pennsylvania Osteopathic Medical Association Foundation reflects a commitment to accountability but has opportunities to enhance the impact of its resources on its core mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Osteopathic Medical Association Foundation legitimate?
Pennsylvania Osteopathic Medical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Osteopathic Medical Association 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.
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What is the mission statement of Pennsylvania Osteopathic Medical Association Foundation?
The Pennsylvania Osteopathic Medical Association Foundation's mission is centered around promoting osteopathic medicine. They achieve this by providing loans and grants to deserving students of osteopathic medicine. This support aids in the students' educational pursuits, thereby expanding the field of osteopathic medicine. Additionally, the foundation offers continuing medical education to the osteopathic medical community. Last year, 11 scholarships were awarded to deserving students.
Who is the CEO of Pennsylvania Osteopathic Medical Association Foundation?
Ewert Diana M Mpa Cae is the Chairman of Pennsylvania Osteopathic Medical Association Foundation.
What is the revenue of Pennsylvania Osteopathic Medical Association Foundation?
Pennsylvania Osteopathic Medical Association Foundation's revenue in 2022 was $681,547.
Who are the executives of Pennsylvania Osteopathic Medical Association Foundation and what are their salaries?
There 15 volunteers at Pennsylvania Osteopathic Medical Association Foundation.
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- Related: $242,000
- Other: $25,684
Where can I find the form 990 for Pennsylvania Osteopathic Medical Association Foundation?
Pennsylvania Osteopathic Medical Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pennsylvania Osteopathic Medical Association Foundation
The Pennsylvania Osteopathic Medical Association Foundation is committed to advancing the principles of osteopathic medicine in the state. To accomplish this, the organization provides loans and grants to deserving students pursuing osteopathic medicine. By offering financial assistance, the Foundation enables these students to continue their education and ultimately broaden the field of osteopathic medicine. Additionally, the Foundation offers continuing medical education to the osteopathic medical community, ensuring that professionals stay updated and well-equipped in their field. Last year, the Foundation provided 11 scholarships to deserving students, furthering their educational goals and contributing to the growth of osteopathic medicine.
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Impact
July, 2024
The Pennsylvania Osteopathic Medical Association Foundation is making a significant impact by advancing the principles of osteopathic medicine in Pennsylvania. Through the provision of scholarships, loans, and grants to deserving students of osteopathic medicine, the foundation is helping individuals achieve their educational goals and ultimately contribute to the field of osteopathic medicine. Last year, the foundation awarded 11 scholarships to support students in their academic endeavors, thereby broadening the scope and expertise within the osteopathic medical community. Additionally, by offering continuing medical education opportunities, the foundation is ensuring that healthcare professionals stay updated and informed in their practice.
This information is meant to be a general summary of Pennsylvania Osteopathic Medical Association 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 2022.
- Investment Income: $678,169
- Gross Receipts: $3,784,427
Assets and Liabilities:
- Total Assets: $12,398,949
- Total Liabilities: $51,682
- Net Assets: $12,347,267
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Organization Details
Founding Year
1972
Phone
(717) 939-9318Principal Officer
Ewert Diana M Mpa Cae
Main Address
1330 EISENHOWER BOULEVARD, HARRISBURG, PA, 171112319
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