Overview
What is Medical Education Foundation Inc?
The Medical Education Foundation Inc, a nonprofit organization, is dedicated to promoting and disseminating medical education. They achieve this by providing scholarships and stipends to students pursuing medical studies and granting funds to universities for related programs and stipends. By doing so, they contribute significantly to the medical education sector, fostering the growth of future medical professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
Medical Education Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting an overall score of 71%. This rating highlights the organization's commitment to accountability and financial transparency, indicated by a perfect score for having a majority of independent board members and a solid conflict of interest policy. The foundation shows responsible financial management with a low liabilities to assets ratio of 0.31%, suggesting that it is well-positioned to meet its financial obligations.
The organization demonstrates strong program efficiency as well, with a program expense ratio of 88.04%, implying that a significant portion of its financial resources is directed towards its mission-related activities. This focus on effective resource allocation is a notable strength and suggests that the foundation is likely making a meaningful impact in its area of work.
However, despite these strengths, the overall Two-Star rating indicates that there may be areas for improvement in the organization’s operations or financial practices that could enhance its overall effectiveness and public trust. Continuous assessment and enhancement of these areas could lead to better ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Education Foundation Inc legitimate?
Medical Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Education Foundation 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: $18,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Medical Education Foundation Inc?
The Medical Education Foundation's mission is centered around promoting and disseminating medical education. They achieve this by providing scholarships and stipends to students pursuing their medical degrees. Additionally, the foundation grants funds to universities for supporting educational programs and offering stipends. In essence, their primary goal is to foster medical education and learning by financially assisting both students and educational institutions.
Who is the CEO of Medical Education Foundation Inc?
Andrea Short is the President of Medical Education Foundation Inc.
What is the revenue of Medical Education Foundation Inc?
Medical Education Foundation Inc's revenue in 2022 was $538,590.
Who are the executives of Medical Education Foundation Inc and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Medical Education Foundation Inc?
Medical Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medical Education Foundation Inc
The Medical Education Foundation, as its name suggests, is dedicated to promoting and disseminating medical education. To achieve this mission, the organization provides scholarships and stipends to students pursuing their medical degrees. By offering financial aid, the Foundation encourages and supports the next generation of medical professionals. Additionally, the Medical Education Foundation also grants funds to universities, allowing them to establish programs and provide stipends, further contributing to the advancement of medical education. In essence, the Medical Education Foundation plays a crucial role in nurturing future medical professionals and fostering educational opportunities in the field of medicine.
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Impact
July, 2024
The Medical Education Foundation Inc's impact is significant in promoting and disseminating medical education. The organization provides scholarships and stipends to students enrolled in medical school, as well as grants to universities for programs and stipends. This support helps to ensure that aspiring medical professionals have access to the education and resources they need to succeed in their training and ultimately contribute to the field of healthcare. The Foundation's efforts play a crucial role in shaping the future of healthcare by investing in the next generation of medical professionals.
This information is meant to be a general summary of Medical Education Foundation 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.
- Investment Income: $531,382
- Gross Receipts: $1,209,766
Assets and Liabilities:
- Total Assets: $6,498,271
- Total Liabilities: $20,736
- Net Assets: $6,477,535
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Organization Details
Founding Year
1986
Phone
(574) 233-9366Principal Officer
Andrea Short
Main Address
PO BOX 4394, SOUTH BEND, IN, 46634
NTEE Category
Code: B82 - Education
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