Overview
What is Fort Wayne Medical Society Foundation Inc?
Fort Wayne Medical Society Foundation Inc, based in Fort Wayne, Indiana, is a distinguished nonprofit organization with a 53-year history of providing quality healthcare to the community. Situated in a medical office complex in downtown Fort Wayne, the Foundation's Family Medicine Clinic operates similar to a larger family medicine group. The primary mission of Fort Wayne Medical Society Foundation Inc is twofold: first, to make charitable donations to other 501(C)(3) organizations, and second, to foster educational and scientific activities in the medical field in Allen County. They also strive to promote public health by encouraging research. The Foundation currently employs 83 individuals, demonstrating its commitment to serving the community and supporting medical advancements.
Official website here: www.fwms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Fort Wayne Medical Society Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 69%. While the organization showcases strong governance with a fully independent board and robust policies in place for conflict of interest and whistleblower protection, it has notable weaknesses in financial management. The liabilities to assets ratio is concerning at 65.64%, indicating potential financial stability issues.
Despite the financial challenges, the foundation demonstrates a solid commitment to its programs, as evidenced by an impressive program expense ratio of 89.90%. This suggests that the majority of its resources are allocated towards fulfilling its charitable mission. The foundation's accountability practices, such as documenting board meeting minutes and having a clear policy on document retention, further bolster its operational integrity.
Overall, while the foundation exhibits strong organizational practices and a focus on programmatic spending, it must address its financial health to improve its rating. Stakeholders may consider this a critical area for future development.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Wayne Medical Society Foundation Inc legitimate?
Fort Wayne Medical Society Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Wayne Medical Society 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: $786,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,533,257
For more financial information, click here
Official website here: www.fwms.org
What is the mission statement of Fort Wayne Medical Society Foundation Inc?
The Fort Wayne Medical Society Foundation Inc's mission is primarily focused on making donations to charitable organizations with a 501(C)(3) status, particularly those involved in medical science education and research. The foundation aims to encourage and develop such activities in Allen County, with an additional objective of promoting public health improvement. To achieve this, they channel their efforts towards supporting educational and scientific activities in the medical field. The organization also supports the betterment of public health through research.
Official website here: www.fwms.org
What is the revenue of Fort Wayne Medical Society Foundation Inc?
Fort Wayne Medical Society Foundation Inc's revenue in 2023 was $9,041,513.
Official website here: www.fwms.org
Who are the executives of Fort Wayne Medical Society Foundation Inc and what are their salaries?
The average compensation at Fort Wayne Medical Society Foundation Inc during 2023 was $54,014. There are 117 employees and 45 volunteers at Fort Wayne Medical Society Foundation Inc.
Here are 21 key members and their salaries:
- Compensation: $359,535
- Related: $0
- Other: $41,687
- Compensation: $281,082
- Related: $0
- Other: $35,436
- Compensation: $279,000
- Related: $0
- Other: $32,327
- Compensation: $286,000
- Related: $0
- Other: $21,504
- Compensation: $266,236
- Related: $0
- Other: $35,436
- Compensation: $261,000
- Related: $0
- Other: $29,415
- Compensation: $188,629
- Related: $0
- Other: $23,937
- Compensation: $0
- Related: $87,822
- Other: $15,681
- Compensation: $65,019
- Related: $0
- Other: $8,854
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fwms.org
Where can I find the form 990 for Fort Wayne Medical Society Foundation Inc?
Fort Wayne Medical Society Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fwms.org
Learn more at the official website: www.fwms.org
Mission Statement of Fort Wayne Medical Society Foundation Inc
The Fort Wayne Medical Society Foundation Inc is committed to making donations to various charitable organizations that fall under the 501(C)(3) category. Beyond this, the foundation aims to encourage and foster educational and scientific activities in the field of medical science. Its mission extends further to promoting the betterment of public health through research. The organization supports these objectives by donating funds and encouraging scientific advancements in Allen County. The Fort Wayne Medical Society Foundation Inc plays a significant role in the medical community, stimulating educational and research activities in medical science, ultimately contributing to the improvement of public health.
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Impact
October, 2024
Fort Wayne Medical Society Foundation Inc significantly enhances public health and medical education in Allen County. By providing financial support to other charitable organizations, it strengthens the healthcare network, ensuring that essential resources are available where they are needed most.
The foundation plays a vital role in cultivating educational and scientific initiatives within the field of medical science, which fosters innovation and improves healthcare delivery. Its Family Medicine Clinic has been instrumental in providing quality healthcare to the Fort Wayne community since 1967. This clinic operates as a comprehensive family medicine group, ensuring that residents have access to family-centered medical services in a convenient downtown location.
Through its commitment to research and collaboration, the foundation not only promotes better health outcomes but also empowers the next generation of healthcare professionals in Allen County. The collective efforts of the Fort Wayne Medical Society Foundation Inc serve to create a healthier community and advance medical practices that benefit all.
This information is meant to be a general summary of Fort Wayne Medical Society 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 2023.
- Investment Income: $52,619
- Program Service Revenue: $3,008,310
- Gross Receipts: $9,951,333
Assets and Liabilities:
- Total Assets: $8,898,126
- Total Liabilities: $5,841,511
- Net Assets: $3,056,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAMILY PRACTICE RESIDENCY
Revenue
$2,960,069
COSS DIRECTORIES
Revenue
$48,241
Organization Details
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