Overview
What is Anesthesia Foundation?
The Anesthesia Foundation, located in Schaumburg, Illinois, is a nonprofit organization committed to supporting aspiring medical doctors pursuing anesthesia training programs. They accomplish this by offering them low-interest loans. The foundation also extends financial assistance to young anesthesiologists experiencing serious health issues. In essence, the Anesthesia Foundation aims to encourage and nurture individuals in choosing anesthesiology as a specialty, while also supporting specific projects that enhance the field of anesthesiology. Beyond these objectives, the foundation seeks to preserve the American heritage of anesthesiology.
Official website here: www.anesthesiafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Anesthesia Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score is derived exclusively from the Accountability & Finance beacon, reflecting a lack of adequate program spending as evidenced by a program expense ratio of only 17.54%. This suggests that a substantial portion of the organization’s resources may not be directed toward its stated charitable purposes.
Despite the low overall rating, the foundation demonstrates strengths in governance practices. It scores full points for having a majority of independent board members and maintaining essential policies such as conflict of interest and whistleblower protections. Other governance measures, like the posting of board meeting minutes, also received high marks, indicating a commitment to transparency in its operations.
However, the foundation faces notable limitations in financial management, particularly regarding its liabilities to assets ratio, which stands at 0.36%. This, combined with the low program expense ratio, raises concerns about its financial health and effectiveness in fulfilling its mission. Overall, while the foundation appears to prioritize governance, its financial practices warrant close scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Anesthesia Foundation legitimate?
Anesthesia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anesthesia 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.
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
Official website here: www.anesthesiafoundation.org
What is the mission statement of Anesthesia Foundation?
The Anesthesia Foundation's mission is focused on supporting young physicians in their choice of anesthesiology as a specialty. This is achieved by backing specific projects that enhance the field of anesthesiology, which may not be supported by other agencies. Additionally, the foundation aims to preserve the American heritage of anesthesiology. In practical terms, the Anesthesia Foundation provides financial assistance to medical doctors participating in anesthesia training programs through low-interest loans. Furthermore, it offers financial aid to young anesthesiologists facing serious health issues.
Official website here: www.anesthesiafoundation.org
Who is the CEO of Anesthesia Foundation?
Lisa Steininger is the President of Anesthesia Foundation. The CEO's salary of Anesthesia Foundation is $0 and their total compensation is $1,008,036.
Official website here: www.anesthesiafoundation.org
What is the revenue of Anesthesia Foundation?
Anesthesia Foundation's revenue in 2022 was $25,042.
Official website here: www.anesthesiafoundation.org
Who are the executives of Anesthesia Foundation and what are their salaries?
There 12 volunteers at Anesthesia Foundation.
Here are 14 key members and their salaries (Anesthesia Foundation's CEO's salary is $0 and their total compensation is $1,008,036):
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- Related: $2,800
- Other: $0
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- Related: $893,574
- Other: $114,462
- Compensation: $0
- Related: $392,493
- Other: $73,066
Official website here: www.anesthesiafoundation.org
Where can I find the form 990 for Anesthesia Foundation?
Anesthesia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anesthesiafoundation.org
Learn more at the official website: www.anesthesiafoundation.org
Mission Statement of Anesthesia Foundation
The Anesthesia Foundation, a notable organization, is dedicated to supporting young physicians in their pursuit of anesthesiology as a specialty. Its mission encompasses three key areas. Firstly, it aims to assist young physicians in their decision to specialize in anesthesiology. Secondly, it focuses on funding specific projects that enhance the field of anesthesiology, as these initiatives often lack backing from other agencies. Lastly, the Anesthesia Foundation seeks to preserve the American heritage of anesthesiology, which is an integral part of its mission.
In accomplishing its mission, the Anesthesia Foundation provides financial assistance to medical doctors participating in anesthesia training programs through low-interest loans. This support is instrumental in enabling these physicians to focus on their studies rather than being burdened by excessive debt. Additionally, the foundation offers financial aid to young anesthesiologists who are grappling with serious health issues. By extending this assistance, the Anesthesia Foundation demonstrates its commitment to the well-being of its members and the future of the anesthesiology specialty.
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Impact
August, 2024
Anesthesia Foundation makes a significant impact by supporting young physicians in their choice of anesthesiology as a specialty. They provide financial assistance to medical doctors participating in anesthesia training programs through low-interest loans. Additionally, they offer aid to young anesthesiologists facing serious health problems. This support ensures that aspiring anesthesiologists can pursue their passion for this specialty and contribute to the field of medicine.
This information is meant to be a general summary of Anesthesia 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: $12,506
- Gross Receipts: $35,651
Assets and Liabilities:
- Total Assets: $2,856,592
- Total Liabilities: $10,398
- Net Assets: $2,846,194
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Organization Details
Founding Year
1956
Phone
(847) 825-5586Principal Officer
Lisa Steininger
Main Address
1061 AMERICAN LANE, SCHAUMBURG, IL, 601734973
Website
www.anesthesiafoundation.orgNTEE Category
Code: G90 - Disease
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