Overview
What is The World Korean Medical Organization Inc?
The World Korean Medical Organization Inc is a nonprofit organization dedicated to fostering camaraderie among its members and other medical professionals, promoting medical and scientific research, and aiding financially struggling medical students. They also prioritize outreach activities in underdeveloped communities worldwide. The organization accomplishes these objectives through various means, such as hosting forums, symposia, and professional meetings, facilitating research, providing scholarships, and executing outreach programs in underserved areas.
Official website here: www.wkmonet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The World Korean Medical Organization Inc has earned a Three-Star rating from Charity Navigator, reflecting its overall score of 76%. This rating is primarily based on the organization's accountability and finance metrics, indicating a solid performance in managing its resources and ensuring transparency. The assessment reveals no material diversion of assets, which highlights a commitment to responsible financial stewardship.
The organization demonstrates strong governance with an independent board, comprising 100% independent members. Additionally, it has achieved a perfect score in several areas, such as the liabilities to assets ratio and program expense ratio, indicating that all its funds are directed towards its mission. However, there are notable gaps, particularly in its governance policies, as it lacks a conflict of interest policy, a whistleblower policy, and a document retention policy.
While the high program expense ratio is commendable, the absence of certain governance documents may raise questions about its internal controls and overall organizational integrity. Overall, The World Korean Medical Organization Inc showcases strengths in financial accountability but needs to address its policy deficiencies to enhance its operational transparency and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The World Korean Medical Organization Inc legitimate?
The World Korean Medical Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The World Korean Medical Organization 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.wkmonet.org
What is the mission statement of The World Korean Medical Organization Inc?
The World Korean Medical Organization Inc has a mission to foster camaraderie and enhance the professional growth of its members and others by participating in various forums, symposiums, and professional meetings. Another significant aspect of their mission is to facilitate medical and scientific research and advancement. They also provide scholarship and financial assistance to needy medical students. Furthermore, the organization is committed to promoting outreach activities in underdeveloped communities worldwide.
Official website here: www.wkmonet.org
Who is the CEO of The World Korean Medical Organization Inc?
Chul S Hyun Md Phd is the Treasurer of The World Korean Medical Organization Inc.
Official website here: www.wkmonet.org
What is the revenue of The World Korean Medical Organization Inc?
The World Korean Medical Organization Inc's revenue in 2020 was $0.
Official website here: www.wkmonet.org
Who are the executives of The World Korean Medical Organization Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.wkmonet.org
Where can I find the form 990 for The World Korean Medical Organization Inc?
The World Korean Medical Organization Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.wkmonet.org
Learn more at the official website: www.wkmonet.org
Mission Statement of The World Korean Medical Organization Inc
The World Korean Medical Organization Inc is dedicated to fostering camaraderie and enhancing relationships among its members and other professionals in the medical field. It achieves this through active participation in various forums, symposia, and professional meetings. Beyond social connections, the organization also plays a significant role in facilitating medical and scientific research and advancement. This commitment to knowledge expansion and innovation is a key aspect of its mission.
In addition to research and networking, The World Korean Medical Organization Inc provides scholarship and financial assistance to needy medical students. This initiative aims to support the education of aspiring medical professionals who may face financial challenges. The organization also extends its reach to underdeveloped communities worldwide through outreach activities. These efforts are designed to improve healthcare and medical knowledge in areas that may lack adequate resources, thereby contributing to global health equity.
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Impact
October, 2024
The World Korean Medical Organization Inc significantly impacts the medical community and underprivileged populations globally. By fostering fellowship among its members through professional gatherings such as forums and symposia, it enhances collaboration and knowledge sharing among healthcare professionals. This engagement not only strengthens professional networks but also encourages interdisciplinary approaches to medical challenges.
The organization's commitment to facilitating medical and scientific research is vital in advancing healthcare practices and innovation. By supporting research initiatives, it contributes to the development of new treatments, improving health outcomes for various conditions.
Moreover, the organization plays a crucial role in educational accessibility by offering scholarships and financial assistance to needy medical students. This support empowers future healthcare professionals and addresses disparities in medical education.
Additionally, its outreach activities in underdeveloped communities are instrumental in improving healthcare access and awareness. By promoting health initiatives in these regions, the organization helps address critical health issues and fosters sustainable development.
Overall, The World Korean Medical Organization Inc creates a multifaceted impact, promoting professional development, advancing medical knowledge, supporting education, and enhancing healthcare in underserved communities worldwide.
This information is meant to be a general summary of The World Korean Medical Organization 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 2020.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2012
Phone
(845) 680-2527Principal Officer
Chul S Hyun Md Phd
Main Address
35 VAN NOSTRAND AVENUE, ENGLEWOOD, NJ, 07631
Website
www.wkmonet.orgNTEE Category
Code: Q33 - International
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