Overview
What is The University Of Santo Tomas Medical Alumni Foundation?
The University of Santo Tomas Medical Alumni Foundation is a nonprofit organization that primarily aims to collect and manage funds to aid the University of Santo Tomas and underprivileged communities in the Philippines. They offer financial support for cardiology programs and the Dominic's scholarship, which benefits deserving medical students selected by the faculty at UST. Furthermore, the foundation fosters medical research through funding. Beyond academic initiatives, they extend their reach to the community through their annual Christmas program.
Official website here: www.ustmaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars - Needs Improvement
The University of Santo Tomas Medical Alumni Foundation has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. With an overall score of 73%, it demonstrates some strengths in accountability and finance, particularly with a high percentage of independent board members and no reported material diversion of assets. The program expense ratio is also favorable at 70.03%, suggesting a commitment to its mission.
However, there are notable limitations in its governance and transparency practices. The foundation is missing critical policies such as a whistleblower policy and a document retention and destruction policy, which raises concerns about oversight and accountability. Additionally, while meeting basic documentation requirements for board meetings, the absence of these policies could impact the trust and confidence of donors and stakeholders.
In conclusion, while the foundation shows dedication to its programs and maintains a solid financial standing, addressing governance gaps is essential for enhancing its overall rating and ensuring better operational practices in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Santo Tomas Medical Alumni Foundation legitimate?
The University Of Santo Tomas Medical Alumni Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Santo Tomas Medical Alumni 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.
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For more financial information, click here
Official website here: www.ustmaa.org
What is the mission statement of The University Of Santo Tomas Medical Alumni Foundation?
The University of Santo Tomas Medical Alumni Foundation's mission is centered around raising, managing, and accumulating funds to provide support for the University of Santo Tomas and the indigent community in the Philippines. Specifically, the foundation disburses these funds to support various programs, including cardiology programs and the Dominic's scholarship, which aids deserving medical students. Furthermore, the foundation supports medical research and engages in community outreach through its annual Christmas program. In essence, the foundation's mission is to contribute to the betterment of medical education and healthcare, particularly for those in need.
Official website here: www.ustmaa.org
Who is the CEO of The University Of Santo Tomas Medical Alumni Foundation?
Stella Evangelista is the President of The University Of Santo Tomas Medical Alumni Foundation.
Official website here: www.ustmaa.org
What is the revenue of The University Of Santo Tomas Medical Alumni Foundation?
The University Of Santo Tomas Medical Alumni Foundation's revenue in 2022 was $806,285.
Official website here: www.ustmaa.org
Who are the executives of The University Of Santo Tomas Medical Alumni Foundation and what are their salaries?
Here are 31 key members and their salaries:
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Official website here: www.ustmaa.org
Where can I find the form 990 for The University Of Santo Tomas Medical Alumni Foundation?
The University Of Santo Tomas Medical Alumni Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ustmaa.org
Learn more at the official website: www.ustmaa.org
Mission Statement of The University Of Santo Tomas Medical Alumni Foundation
The University of Santo Tomas Medical Alumni Foundation is dedicated to raising, managing, and accumulating funds with the intention of providing support to the University of Santo Tomas and the underprivileged community in the Philippines. Its mission is multifaceted, encompassing various aspects of societal upliftment. The foundation contributes financially to cardiology programs within the University, offering essential resources to advance medical research and healthcare in this field.
In addition, the University of Santo Tomas Medical Alumni Foundation sponsors the Dominic's scholarship, a program designed to aid needy medical students who have been selected by the faculty of medicine and surgery at UST. This initiative provides these students with the opportunity to pursue their academic dreams and contribute to the medical field in the future. Furthermore, the foundation supports medical research, contributing to the advancement of knowledge and improvements in healthcare delivery.
Beyond its academic pursuits, the University of Santo Tomas Medical Alumni Foundation also extends its support to the wider community. During the festive season, it organizes a Christmas program, offering assistance to those in need. This holistic approach to philanthropy reflects the foundation's commitment to uplifting both the academic and indigent communities, ensuring a brighter future for all.
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Impact
July, 2024
The University Of Santo Tomas Medical Alumni Foundation's impact lies in its significant contributions towards supporting the University of Santo Tomas and the impoverished communities in the Philippines. Through its fundraising efforts and management of funds, the foundation plays a crucial role in providing support for various initiatives, including cardiology programs, medical research, and scholarships for needy medical students selected by the faculty of medicine and surgery at UST.
Furthermore, the foundation's Christmas program demonstrates its commitment to community support and outreach. By focusing on philanthropy and channeling resources towards education and healthcare for the underprivileged, the foundation positively impacts the lives of individuals in need and contributes to the advancement of medical education and research in the Philippines.
This information is meant to be a general summary of The University Of Santo Tomas Medical Alumni 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: $333,455
- Gross Receipts: $2,836,382
Assets and Liabilities:
- Total Assets: $8,185,619
- Total Liabilities: $0
- Net Assets: $8,185,619
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Organization Details
Founding Year
1993
Phone
(248) 626-1114Principal Officer
Stella Evangelista
Main Address
7071 ORCHARD LAKE ROAD 333, WEST BLOOMFIELD, MI, 48322
Website
www.ustmaa.orgNTEE Category
Code: T70Z - Philanthropy
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