Overview
What is Omega Medical Grants Association?
Omega Medical Grants Association is a nonprofit organization situated in Rosemont, Illinois, specifically at 9400 W Higgens Road 205. Their primary mission is to provide financial assistance for orthopedic fellowships and Continuing Medical Education (CME) scholarships. In 2022, they received grants totaling $1,430,481 to support this cause. The association follows an open and transparent process to distribute these resources, ensuring there are no potential conflicts of interest. Their aim is to support graduate orthopedic medical education, contributing to the advancement of the field.
Official website here: www.omegamedicalgrants.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Omega Medical Grants Association has received a high score of 96%, reflecting its strong performance in accountability and finance. Notably, the organization boasts a 100% independent board, which enhances its governance structure and accountability. The charity's financial management is robust, evidenced by a program expense ratio of 99.07%, ensuring that the vast majority of its funds are directed towards its mission.
The association shows a commitment to transparency and ethical practices, having established thorough policies for conflict of interest, whistleblowing, and document retention. Additionally, it has implemented effective oversight measures with an Audit and Oversight Committee, indicating a proactive approach to financial stewardship.
While the organization excels in its financial practices and governance, the summary does not provide insight into the specific programs or outcomes of its initiatives. However, its strong financial health and operational integrity position it favorably among nonprofits in the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Omega Medical Grants Association legitimate?
Omega Medical Grants Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omega Medical Grants Association 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: $252,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,868
For more financial information, click here
Official website here: www.omegamedicalgrants.org
What is the mission statement of Omega Medical Grants Association?
The Omega Medical Grants Association's mission is centered around grant awards for graduate orthopedic medical education. They aim to accomplish this through an open and transparent process, safeguarding against potential conflicts of interest. The association's primary activity involves administering these grants, ensuring fairness and transparency in the allocation of resources. In 2022, they provided financial support for orthopedic fellowships and Continuing Medical Education scholarships, totaling $1,430,481.
Official website here: www.omegamedicalgrants.org
Who is the CEO of Omega Medical Grants Association?
John Glaser Md is the President of Omega Medical Grants Association.
Official website here: www.omegamedicalgrants.org
What is the revenue of Omega Medical Grants Association?
Omega Medical Grants Association's revenue in 2022 was $1,817,222.
Official website here: www.omegamedicalgrants.org
Who are the executives of Omega Medical Grants Association and what are their salaries?
There 7 volunteers at Omega Medical Grants Association.
Here are 9 key members and their salaries:
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- Compensation: $45,659
- Related: $410,917
- Other: $68,047
- Compensation: $180,960
- Related: $0
- Other: $19,113
Official website here: www.omegamedicalgrants.org
Where can I find the form 990 for Omega Medical Grants Association?
Omega Medical Grants Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omegamedicalgrants.org
Learn more at the official website: www.omegamedicalgrants.org
Mission Statement of Omega Medical Grants Association
The Omega Medical Grants Association is committed to awarding and managing grants for graduate orthopedic medical education. Their mission is designed to uphold transparency and safeguard against potential conflicts of interest in the allocation of resources. This is achieved through an accessible and open process, ensuring that funding is distributed equitably and fairly. The association provides financial support for orthopedic fellowships and Continuing Medical Education (CME) scholarships, contributing significantly to the advancement of orthopedic medicine. In 2022, they received grants totaling $1,430,481, further supporting their mission to promote educational opportunities in the field of orthopedics.
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Impact
October, 2024
The Omega Medical Grants Association plays a vital role in advancing graduate orthopedic medical education by providing financial support for orthopedic fellowships and continuing medical education (CME) scholarships. Through its grant programs, it facilitates the development of qualified orthopedic professionals, thereby enhancing the quality of care available to patients.
In 2022, the association made a significant impact by awarding grants totaling $1,430,481, demonstrating a strong commitment to supporting medical education in this specialized field. By utilizing an open and accessible process for grant allocation, Omega ensures transparency and safeguards against potential conflicts of interest, thereby fostering trust within the orthopedic community.
Through its initiatives, the Omega Medical Grants Association not only enhances educational opportunities for healthcare professionals but also contributes to the broader field of medical research, ultimately influencing the standard of orthopedic care.
This information is meant to be a general summary of Omega Medical Grants Association. 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: $19,684
- Program Service Revenue: $264,795
- Gross Receipts: $2,911,861
Assets and Liabilities:
- Total Assets: $3,000,228
- Total Liabilities: $1,472,276
- Net Assets: $1,527,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE & APPLICATION FEES
Revenue
$264,795
Organization Details
Founding Year
2010
Phone
(847) 318-7482Principal Officer
John Glaser Md
Main Address
9400 W HIGGINS ROAD 205, ROSEMONT, IL, 60018
Website
www.omegamedicalgrants.orgNTEE Category
Code: H12 - Medical research
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