Overview
What is Family Medicine Education Consortium?
The Family Medicine Education Consortium, established as a not-for-profit corporation, is an organization comprising family practice departments, residency programs, and related entities. Located in Dayton, Ohio, its primary goal is to promote medical student interest in family practice and primary care. The Consortium develops programs and services to enhance leadership skills among current and future leaders in family medicine, stimulate faculty recruitment and development, foster collaborations, and establish relationships for scholarly efforts that benefit family physicians. By doing so, its mission is to contribute to the betterment of public health in the United States through the growth of family medicine faculty and administrative functions. The organization employs a team of five individuals in its operations.
Official website here: www.fmec.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating.
The Family Medicine Education Consortium has achieved an impressive score of 92%, reflecting its strong commitment to accountability and financial management. This rating is particularly significant as it demonstrates that the organization effectively meets high standards related to its operations, ensuring transparency and responsible use of funds.
One of the standout features of the organization is its governance structure, with 100% of its board members being independent. This independence, combined with a comprehensive array of policies—including those for conflict of interest and whistleblower protection—indicates a robust framework for ethical decision-making and oversight. Additionally, the organization maintains a low liabilities-to-assets ratio of 5.18%, which suggests strong financial health.
However, while the overall financial performance is commendable, there are no specific data points provided regarding program effectiveness or community impact within the available ratings. This means that while financial management is strong, potential supporters may want to seek further information about the outcomes of its programs to get a complete picture of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Family Medicine Education Consortium legitimate?
Family Medicine Education Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Medicine Education Consortium 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,149
For more financial information, click here
Official website here: www.fmec.net
What is the mission statement of Family Medicine Education Consortium?
The Family Medicine Education Consortium's mission is to promote, develop, and facilitate the growth of family medicine faculty and administrative functions, aiming to enhance the health of the nation. They accomplish this by supporting programs and services that spark interest in family practice and primary care among medical students, fostering leadership skills in current and future family medicine leaders, stimulating the recruitment and development of family practice faculty, and building coalitions to strengthen primary health care services. The Consortium also facilitates relationships that lead to scholarly efforts addressing issues relevant to family physicians.
Official website here: www.fmec.net
Who is the CEO of Family Medicine Education Consortium?
Scott G Allen is the CEO of Family Medicine Education Consortium The CEO's salary of Family Medicine Education Consortium is $140,000 and their total compensation is $140,000.
Official website here: www.fmec.net
What is the revenue of Family Medicine Education Consortium?
Family Medicine Education Consortium's revenue in 2023 was $944,594.
Official website here: www.fmec.net
Who are the executives of Family Medicine Education Consortium and what are their salaries?
The average compensation at Family Medicine Education Consortium during 2023 was $60,230. There are 5 employees and 100 volunteers at Family Medicine Education Consortium.
Here are 18 key members and their salaries (Family Medicine Education Consortium's CEO's salary is $140,000 and their total compensation is $140,000):
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Official website here: www.fmec.net
Where can I find the form 990 for Family Medicine Education Consortium?
Family Medicine Education Consortium's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fmec.net
Learn more at the official website: www.fmec.net
Mission Statement of Family Medicine Education Consortium
The Family Medicine Education Consortium, a not-for-profit organization, is committed to promoting and facilitating the growth of family medicine faculty and administrative functions with the aim of contributing to the health of the nation. This is achieved by supporting programs and services that stimulate medical student interest in family practice and primary care. The consortium also develops initiatives to enhance the leadership skills of current and future leaders in family medicine, fostering a strong network among those dedicated to strengthening primary healthcare services. Furthermore, the Family Medicine Education Consortium creates coalitions and linkages among interested parties, facilitating the development of relationships that lead to scholarly efforts that address issues relevant to family physicians.
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Impact
October, 2024
The Family Medicine Education Consortium (FMEC) significantly impacts the landscape of family medicine by fostering the growth and development of family medicine faculty and administrators. By promoting leadership skills among current and future leaders in the field, FMEC enhances the quality of healthcare education and the practice of family medicine.
FMEC's initiatives stimulate interest in family practice among medical students, ensuring a steady influx of new professionals committed to primary care. The consortium actively recruits and develops family practice faculty, bolstering educational frameworks and mentoring programs that prepare the next generation of family physicians.
Furthermore, FMEC creates essential coalitions and linkages among various stakeholders in the healthcare sector, which are vital for strengthening primary health care services. By facilitating collaborations that lead to scholarly efforts, FMEC addresses critical issues pertinent to family physicians and the broader healthcare community, ultimately contributing to the overall health of the nation. Through these comprehensive activities, FMEC plays a crucial role in shaping the future of family medicine and enhancing the delivery of primary care services.
This information is meant to be a general summary of Family Medicine Education Consortium. 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 2023.
- Investment Income: $2,871
- Program Service Revenue: $498,825
- Gross Receipts: $944,594
Assets and Liabilities:
- Total Assets: $737,515
- Total Liabilities: $38,259
- Net Assets: $699,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$498,825
Organization Details
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