Overview
What is Sanford School Of Medicine Of The University Of South Dakota Residency Cor?
Sanford School of Medicine of the University of South Dakota Residency Cor functions as the common paymaster for the residents of the medical school based in Sioux Falls, South Dakota. With a team of 154 employees, this nonprofit organization manages the financial aspects of the residency program, ensuring the smooth payment and compensation of its members. The mission of the organization directly supports the medical education and training efforts of the University of South Dakota's Sanford School of Medicine.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Sanford School of Medicine of the University of South Dakota Residency Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and transparency in its operations. The high score of 94% indicates that the organization effectively manages its finances and adheres to best practices in governance, with a majority of its board members being independent.
Strengths of the organization include a 98.88% program expense ratio, which signifies that nearly all funds are directed towards program services rather than administrative costs. Additionally, the presence of an audit and oversight committee, along with established conflict of interest and whistleblower policies, enhances its credibility and operational integrity.
While the organization appears to be well-managed, the data does not highlight any specific limitations or concerns. Overall, the Sanford School of Medicine of the University of South Dakota Residency Corporation stands out for its financial stewardship and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sanford School Of Medicine Of The University Of South Dakota Residency Cor legitimate?
Sanford School Of Medicine Of The University Of South Dakota Residency Cor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sanford School Of Medicine Of The University Of South Dakota Residency Cor 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: $8,850,750
For more financial information, click here
What is the mission statement of Sanford School Of Medicine Of The University Of South Dakota Residency Cor?
The Sanford School of Medicine of the University of South Dakota Residency Corporation functions as a common paymaster for the medical residents of the University of South Dakota Sanford School of Medicine. In this capacity, the corporation facilitates the financial management and payment processes for these medical residents. The organization's primary focus is dedicated to ensuring the smooth financial operations for the medical residents during their training tenure.
Who is the CEO of Sanford School Of Medicine Of The University Of South Dakota Residency Cor?
Nedd Brown Edd is the Vice President of Sanford School Of Medicine Of The University Of South Dakota Residency Cor.
What is the revenue of Sanford School Of Medicine Of The University Of South Dakota Residency Cor?
Sanford School Of Medicine Of The University Of South Dakota Residency Cor's revenue in 2023 was $11,932,957.
Who are the executives of Sanford School Of Medicine Of The University Of South Dakota Residency Cor and what are their salaries?
The average compensation at Sanford School Of Medicine Of The University Of South Dakota Residency Cor during 2023 was $57,472. There are 154 employees and 14 volunteers at Sanford School Of Medicine Of The University Of South Dakota Residency Cor.
Here are 17 key members and their salaries:
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- Other: $46,665
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- Other: $31,357
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- Compensation: $0
- Related: $54,213
- Other: $14,773
Where can I find the form 990 for Sanford School Of Medicine Of The University Of South Dakota Residency Cor?
Sanford School Of Medicine Of The University Of South Dakota Residency Cor's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sanford School Of Medicine Of The University Of South Dakota Residency Cor
Sanford School of Medicine of the University of South Dakota Residency Cor serves a crucial role as the common paymaster for the medical residents of the esteemed University of South Dakota Sanford School of Medicine. In this capacity, the organization facilitates the financial management and support for the medical residents during their training period.
The mission of Sanford School of Medicine of the University of South Dakota Residency Cor is multifaceted, focusing primarily on providing essential financial services for the medical residents. By functioning as a centralized paymaster, the organization ensures the smooth flow of financial transactions, enabling the residents to focus on their medical training and future careers.
Additionally, the organization's role extends beyond just financial management. By acting as a unified entity, Sanford School of Medicine of the University of South Dakota Residency Cor fosters collaboration and unity among the medical residents, creating an inclusive and supportive community during their formative years in the medical field. This cohesive environment not only enhances the overall learning experience but also sets the foundation for lifelong professional networks and friendships.
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Impact
October, 2024
The Sanford School of Medicine of the University of South Dakota Residency Corporation plays a vital role in the training and development of future healthcare professionals. By function as a common paymaster for the residents of the Sanford School of Medicine, it ensures a streamlined and efficient payroll process for medical trainees. This administrative efficiency allows residents to focus more on their education and practical training, ultimately enhancing their learning experience.
The Corporation supports the mission of the school by facilitating key operational aspects of residency programs, which are essential for preparing competent and skilled physicians. By creating an organized structure for managing resident affairs, it contributes to the overall quality of medical education in South Dakota. Furthermore, it fosters a collaborative learning environment that strengthens the healthcare workforce in the region.
The impact of the Residency Corporation extends beyond payroll, as it underpins the logistics and support necessary for residency programs. As residents advance through their training, they are equipped with the knowledge and skills needed to meet the healthcare needs of their communities, promoting public health and improving patient care outcomes. This organization is integral to the continuous development of a proficient medical workforce, which has significant implications for healthcare delivery in South Dakota and beyond.
This information is meant to be a general summary of Sanford School Of Medicine Of The University Of South Dakota Residency Cor. 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: $1,027
- Program Service Revenue: $11,931,930
- Gross Receipts: $11,932,957
Assets and Liabilities:
- Total Assets: $1,175,485
- Total Liabilities: $251,148
- Net Assets: $924,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$11,931,930
Organization Details
Founding Year
1991
Phone
(605) 357-1302Principal Officer
Nedd Brown Edd
Main Address
1400 W 22ND STREET, SIOUX FALLS, SD, 57105
NTEE Category
Code: B54Z - Education
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