Overview
What is Chicago Medical Society Foundation?
The Chicago Medical Society Foundation is a nonprofit organization situated at 515 N Dearborn St, Chicago, Illinois. Their primary mission is to cultivate the science and art of medicine, foster professional growth among medical professionals, and educate both members and the public on current medical trends and techniques. They achieve this through annual conferences offering seminars and educational courses for continuing professional education. With a team of eight dedicated individuals, the foundation serves as a platform for medical professionals to exchange experiences, advance their knowledge, and contribute to the broader medical community.
Official website here: www.cmsdocs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (37%)
The Chicago Medical Society Foundation has received a very low rating of 37%, resulting in a Zero-Star out of Four Stars designation, which indicates significant concerns regarding its financial health and accountability. While the foundation boasts a fully independent board, which is a positive aspect, the organization has failed to provide crucial financial statements, raising red flags about transparency.
The financial assessment shows a concerning program expense ratio of only 3.71%, suggesting that a minimal portion of its expenditures is directed towards its charitable programs. Additionally, the liabilities-to-assets ratio at 44.95% also reflects potential financial instability. While the organization maintains a conflict of interest policy and has proper documentation practices in place, the absence of a whistleblower policy is another area of weakness.
Overall, while the Chicago Medical Society Foundation demonstrates some strengths in governance structure, the glaring deficiencies in financial transparency and allocation of resources highlight significant limitations that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Medical Society Foundation legitimate?
Chicago Medical Society Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Medical Society 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: $149,021
For more financial information, click here
Official website here: www.cmsdocs.org
What is the mission statement of Chicago Medical Society Foundation?
The Chicago Medical Society Foundation is committed to fostering the science and art of medicine. This is achieved through the exchange of professional experiences among its members, educating both the society's members and the public at large about current medical trends and techniques. The organization facilitates this learning through annual conferences, offering seminars and educational courses for continuous professional development for medical professionals.
Official website here: www.cmsdocs.org
Who is the CEO of Chicago Medical Society Foundation?
Theodore Kanellakes is the Executive Director of Chicago Medical Society Foundation.
Official website here: www.cmsdocs.org
What is the revenue of Chicago Medical Society Foundation?
Chicago Medical Society Foundation's revenue in 2022 was $1,237,945.
Official website here: www.cmsdocs.org
Who are the executives of Chicago Medical Society Foundation and what are their salaries?
The average compensation at Chicago Medical Society Foundation during 2022 was $18,628. There are 8 employees at Chicago Medical Society Foundation.
Here are 7 key members and their salaries:
- Compensation: $258,610
- Related: $0
- Other: $0
- Compensation: $141,226
- Related: $0
- Other: $0
- Compensation: $120,454
- 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
Official website here: www.cmsdocs.org
Where can I find the form 990 for Chicago Medical Society Foundation?
Chicago Medical Society Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmsdocs.org
Learn more at the official website: www.cmsdocs.org
Mission Statement of Chicago Medical Society Foundation
The Chicago Medical Society Foundation, a renowned organization, is dedicated to fostering the scientific and artistic aspects of medicine. Its primary goal is to facilitate the exchange of professional experiences among its members and the broader public, while also educating them about current medical trends and techniques. The foundation achieves this mission through various means, including hosting an annual conference that offers seminars and educational courses for continuing professional education for medical professionals. This event serves as a platform for professionals to stay updated on the latest advancements in their field, thereby improving patient care and outcomes.
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Impact
October, 2024
The Chicago Medical Society Foundation significantly enhances the practice of medicine through various educational initiatives focused on the science and art of healthcare. By hosting annual clinical conferences, the foundation provides medical professionals with seminars and courses that promote ongoing professional development and keep practitioners updated on the latest trends and techniques in medicine. This interchange of professional experience fosters a collaborative environment that strengthens the medical community in Chicago and beyond. Furthermore, the foundation not only educates its members but also extends its outreach to the public, ensuring that current medical knowledge is accessible and applicable to broader societal health. Through its commitment to education and professional growth, the foundation plays a vital role in improving healthcare delivery and addressing public health challenges.
This information is meant to be a general summary of Chicago Medical Society 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: $3,060
- Program Service Revenue: $160,933
- Gross Receipts: $1,935,327
Assets and Liabilities:
- Total Assets: $3,956,909
- Total Liabilities: $1,778,949
- Net Assets: $2,177,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT CMS
Revenue
$108,000
RENT CMSIA
Revenue
$36,000
EDUCATION SERVICES
Revenue
$14,804
MISCELLANEOUS
Revenue
$2,129
Organization Details
Founding Year
1905
Phone
(312) 670-2550Principal Officer
Theodore Kanellakes
Main Address
515 N DEARBORN ST, CHICAGO, IL, 606544634
Website
www.cmsdocs.orgNTEE Category
Code: G030 - Disease
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