Overview
What is Northeast Ohio Medical University Founda?
Northeast Ohio Medical University Foundation, abbreviated as NEOMED Foundation, is a nonprofit organization situated in Rootstown, Ohio. Their primary mission is to bolster the financial capabilities of Northeast Ohio Medical University, thereby expanding the availability of top-notch medical, pharmacy, and graduate education. To accomplish this, the foundation offers scholarships and grants to deserving students of the university. This commitment to financial aid and educational access helps in nurturing talented individuals in the medical field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
The Northeast Ohio Medical University Foundation has received a commendable rating of 88%, reflecting its strong performance in accountability and finance. With an impressive Accountability & Finance Score of 97, the organization demonstrates robust fiscal management, with no material diversion of assets and a solid liabilities to assets ratio of just 1.78%. These financial indicators suggest a well-managed charity that prioritizes its mission and ensures donor funds are allocated effectively.
Strengths highlighted include comprehensive policies in place, such as conflict of interest and whistleblower policies, which contribute to its transparency and governance. The foundation also excels in its program expense ratio at 85.22%, indicating a significant portion of its budget directly supports its charitable activities. Furthermore, its fundraising efficiency is noteworthy, with only $0.07 spent on fundraising for every dollar raised, ensuring that more funds reach their intended programs.
However, while the organization scores well overall, there is room for improvement in its impact and measurement score, which stands at 80. This area may benefit from enhanced strategies to evaluate the effectiveness of its programs and initiatives more comprehensively. Overall, the Northeast Ohio Medical University Foundation showcases a strong commitment to its mission, backed by responsible financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Ohio Medical University Founda legitimate?
Northeast Ohio Medical University Founda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Ohio Medical University Founda 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: $198,264
For more financial information, click here
What is the mission statement of Northeast Ohio Medical University Founda?
The Northeast Ohio Medical University Foundation's mission is centered around enhancing the financial capabilities of the university and expanding access to top-tier medical, pharmacy, and graduate education. This is accomplished by providing financial aid in the form of scholarships and grants to students enrolled at Northeast Ohio Medical University. The ultimate goal is to ensure that a diverse range of individuals can pursue high-quality education in these fields, thereby contributing to the improvement of healthcare and medical research.
Who is the CEO of Northeast Ohio Medical University Founda?
Mary Taylor is the Chair of Northeast Ohio Medical University Founda.
What is the revenue of Northeast Ohio Medical University Founda?
Northeast Ohio Medical University Founda's revenue in 2022 was $5,634,927.
Who are the executives of Northeast Ohio Medical University Founda and what are their salaries?
There 25 volunteers at Northeast Ohio Medical University Founda.
Here are 27 key members and their salaries:
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northeast Ohio Medical University Founda?
Northeast Ohio Medical University Founda's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Ohio Medical University Founda
The Northeast Ohio Medical University Foundation's mission lies in enhancing the financial capabilities of the Northeast Ohio Medical University and expanding access to top-notch medical, pharmacy, and graduate education. This goal is achieved through the provision of scholarships and grants to students of the university, thereby broadening the opportunities for individuals looking to pursue careers in these fields. By strengthening the financial capacity of the university and increasing access to quality education, the Northeast Ohio Medical University Foundation seeks to contribute to the development of skilled professionals in the medical field, ultimately improving the overall health and well-being of communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Northeast Ohio Medical University Foundation enhances the financial stability of Northeast Ohio Medical University, thereby expanding access to top-tier medical, pharmacy, and graduate education. This is accomplished through the provision of scholarships and grants to students, enabling a diverse range of individuals to pursue careers in healthcare. By investing in education, the Foundation plays a crucial role in cultivating the next generation of healthcare professionals, ensuring that the community benefits from skilled practitioners dedicated to improving health outcomes. The Foundation's efforts not only support individual students but also contribute to the overall advancement of medical education and healthcare quality in the region.
This information is meant to be a general summary of Northeast Ohio Medical University Founda. 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: $1,542,720
- Gross Receipts: $10,073,364
Assets and Liabilities:
- Total Assets: $28,522,645
- Total Liabilities: $452,355
- Net Assets: $28,070,290
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1978
Phone
(330) 325-6369Principal Officer
Mary Taylor
Main Address
PO BOX 95, ROOTSTOWN, OH, 44272
NTEE Category
Code: B54I - Education
If you are a representative of Northeast Ohio Medical University Founda and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.