Overview
What is Society Of Facet Surgical Techniques And Technologies Inc?
Society of Facet Surgical Techniques and Technologies Inc is a nonprofit organization dedicated to fostering scientific advancements and knowledge sharing among surgeons. Their primary mission involves conducting research and promoting the exchange of ideas within the surgical community. The organization generates revenue through membership dues, conference attendance fees, and collaborations with companies. Additionally, they may develop a journal with paid subscriptions and advertisements online. Their purpose remains non-profit, with the ultimate goal of enhancing surgical techniques and technologies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13% (Zero-Star out of Four Star rating)
The Society Of Facet Surgical Techniques And Technologies Inc received a low rating of 13%, indicating significant concerns regarding its accountability and financial practices. The rating is primarily based on factors related to governance and transparency, with the organization scoring zero on several key metrics, including the presence of independent board members and essential policies such as conflict of interest and whistleblower protections.
One notable strength is that there was no material diversion of assets reported, which earned them full points in that category. However, the lack of independent board members and critical governance documents raises red flags about the organization's oversight and commitment to ethical practices. Additionally, the absence of a website listing or posting required documents like the Form 990 further highlights transparency issues.
While the program expense ratio stands at 44.56%, the organization's high liabilities to assets ratio of 211,800% is particularly alarming. This suggests potential financial instability, which could impact the nonprofit's ability to fulfill its mission effectively. Overall, the organization faces significant challenges that may deter potential supporters and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Facet Surgical Techniques And Technologies Inc legitimate?
Society Of Facet Surgical Techniques And Technologies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Facet Surgical Techniques And Technologies 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
What is the mission statement of Society Of Facet Surgical Techniques And Technologies Inc?
The Society of Facet Surgical Techniques and Technologies Inc operates with the primary objective of fostering scientific research and facilitating the exchange of ideas among surgeons. This non-profit organization does not pursue profits and seeks to generate revenue through membership dues, conference attendances, and partnerships with companies. Additionally, the society engages in research and development of medical devices, and potentially publishes a journal with paid subscriptions and advertisements online.
Who is the CEO of Society Of Facet Surgical Techniques And Technologies Inc?
Kingsley R Chin is the President of Society Of Facet Surgical Techniques And Technologies Inc.
What is the revenue of Society Of Facet Surgical Techniques And Technologies Inc?
Society Of Facet Surgical Techniques And Technologies Inc's revenue in 2022 was $293.
Who are the executives of Society Of Facet Surgical Techniques And Technologies Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Society Of Facet Surgical Techniques And Technologies Inc?
Society Of Facet Surgical Techniques And Technologies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Society Of Facet Surgical Techniques And Technologies Inc
Society of Facet Surgical Techniques and Technologies Inc operates as a societal entity, dedicated to fostering scientific advancements and encouraging the sharing of ideas among surgeons. Their mission, devoid of a profit motive, is centered around promoting research and stimulating intellectual discourse within the medical field, specifically among surgical professionals. They generate revenue through various means, such as membership dues, attendance at conferences, and collaborations with companies, as well as potential digital publications with paid subscriptions and advertisements.
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Impact
October, 2024
The Society of Facet Surgical Techniques and Technologies Inc plays a crucial role in enhancing the field of surgery through dedicated efforts in scientific research and collaboration among surgeons. By providing a platform for the exchange of innovative ideas and best practices, the organization fosters an environment where surgical techniques can be continuously improved, ultimately leading to better patient outcomes.
Through conferences and events, the society facilitates networking opportunities, allowing surgeons to share their insights and experiences. This exchange not only propels individual practitioners into new realms of expertise but also cultivates a collective advancement in surgical methodologies. The potential development of a dedicated journal and the use of digital platforms for advertisement provide additional channels for disseminating knowledge, ensuring that cutting-edge research reaches a wide audience.
Furthermore, the Society's focus on research and development in medical devices underscores its commitment to advancing surgical technology, thereby contributing to industry innovation. All these efforts solidify the Society's impact on the medical community, pushing the boundaries of current surgical practices and ultimately enhancing healthcare delivery.
This information is meant to be a general summary of Society Of Facet Surgical Techniques And Technologies 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: $293
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $2,118
- Net Assets: -$2,118
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Organization Details
Founding Year
2009
Phone
(617) 697-5442Principal Officer
Kingsley R Chin
Main Address
3296 N FEDERAL HWY 11112, FORT LAUDERDALE, FL, 33339
NTEE Category
Code: H40 - Medical research
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