Midwest Stone Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 431382746 ✦ St louis, MO ✦ Designated as a 501(c)(3)

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Overview

What is Midwest Stone Institute?

Midwest Stone Institute is a nonprofit organization situated in St. Louis, Missouri, specifically at 12166 Old Big Bend Road 110. Their primary objective is to drive advancements in research, education, and patient care, particularly in the field of extracorporeal shockwave treatments and minimally invasive surgery. To achieve this, they grant funds for research and education, offer charity care, and aim to expand the availability and understanding of these treatments.


Official website here: www.mwstone.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Midwest Stone Institute has achieved a high rating of 96%, reflecting strong accountability and financial practices. This exemplary score is attributed entirely to its accountability and finance metrics and indicates a commitment to transparency and ethical governance. The organization boasts an independent board composed entirely of independent members, emphasizing its dedication to avoiding conflicts of interest.

The financial health of the Midwest Stone Institute is noteworthy, with a program expense ratio of over 71%, suggesting that a significant portion of its resources is allocated to its programs rather than administrative costs. Additionally, the organization has demonstrated robust oversight mechanisms, such as having an audit and oversight committee and a well-defined conflict of interest policy.

There are no reported issues related to the diversion of assets, further enhancing the trustworthiness of the organization. Overall, the Midwest Stone Institute's strong governance structure and sound financial management make it a reliable charity for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Midwest Stone Institute legitimate?

Midwest Stone Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Stone Institute 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.mwstone.com

What is the mission statement of Midwest Stone Institute?

The Midwest Stone Institute is committed to furthering research and education in the field of extracorporeal shockwave treatments and minimally invasive surgery. One of its primary objectives is to provide charity care, demonstrating a compassionate approach towards those in need. Additionally, the organization strives to expand its services and enhance the collective knowledge in this area. This is achieved through grant-making and educational initiatives, ultimately aiming to improve patient care and advancements in the field.


Official website here: www.mwstone.com

Who is the CEO of Midwest Stone Institute?

Jesse Smithhart is the President/Chairman of Midwest Stone Institute.


Official website here: www.mwstone.com

What is the revenue of Midwest Stone Institute?

Midwest Stone Institute's revenue in 2022 was $2,332,408.


Official website here: www.mwstone.com

Who are the executives of Midwest Stone Institute and what are their salaries?


Here are 8 key members and their salaries:


Gerald Andriole Md (President/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Buller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rajen Doshi Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Hamilton Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Ray Rn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Martin Md (Secretary/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kadi Montez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Smithhart (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mwstone.com

Where can I find the form 990 for Midwest Stone Institute?

Midwest Stone Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mwstone.com

Learn more at the official website: www.mwstone.com

Mission Statement of Midwest Stone Institute

Midwest Stone Institute, a nonprofit organization, is primarily dedicated to several key objectives. Its primary purpose involves making grants for research and education, providing charity care, and expanding the scope of extracorporeal shockwave treatments and minimally invasive surgeries. This mission is aimed at advancing knowledge and services in these areas. By funding research and education, Midwest Stone Institute contributes to the broader understanding and application of these treatments, ultimately benefiting patients. Additionally, the organization offers charity care, providing essential medical services to those who may not otherwise have access to them. Furthermore, Midwest Stone Institute strives to expand the availability and effectiveness of extracorporeal shockwave treatments and minimally invasive surgeries, thereby improving patient care.

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Impact




July, 2024

Midwest Stone Institute's impact lies in advancing research, education, and patient care in the field of extracorporeal shockwave treatments and minimally invasive surgery. Through its grants for research and education, provision of charity care, and expansion of services and knowledge in these innovative medical practices, Midwest Stone Institute contributes significantly to improving healthcare outcomes and promoting the use of cutting-edge treatments. Based in St. Louis, Missouri, the organization's mission underscores its commitment to enhancing the quality of patient care and driving progress in medical technologies.




This information is meant to be a general summary of Midwest Stone Institute. 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.

Revenue
$2,332,408 (2022)
Expenses
$1,956,433 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,137,277
  • Program Service Revenue: $910,361
  • Gross Receipts: $14,143,464

Assets and Liabilities:

  • Total Assets: $26,304,202
  • Total Liabilities: $652,141
  • Net Assets: $25,652,061

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MW SURGICAL TECHNOLOGIES, LLC MGM

Revenue

$470,116

Organization Details

Founding Year

1985

Principal Officer

Jesse Smithhart

Main Address

12166 OLD BIG BEND ROAD 110, ST LOUIS, MO, 63122

NTEE Category

Code: E30 - Health

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