Overview
What is Contemporary Oriental Medicine Foundation Inc?
Contemporary Oriental Medicine Foundation Inc is a nonprofit organization situated in Gainesville, Florida. Their primary focus is to protect, promote, and preserve the work of Dr. Leon Hammer, a renowned figure in the field of Oriental Medicine. They achieve this by operating a school, known as Dragon Rises College of Oriental Medicine, which ensures that the principles and roots of this form of medicine remain authentic and distinct from other medical practices. To achieve this mission, they produce and distribute books about Oriental Medicine to colleges, and sell them through various platforms. The organization currently employs 8 individuals.
Official website here: www.comfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 70%)
The Contemporary Oriental Medicine Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that while there are some strengths in accountability and financial management, there are also significant areas for improvement. The organization scored 100% in accountability and finance, showcasing a strong commitment to independent oversight and good governance practices, such as having a conflict of interest policy and a whistleblower policy in place.
However, the foundation's financial health raises concerns, particularly with a high liabilities-to-assets ratio of 85.58%, which suggests potential financial instability. Additionally, while their program expense ratio is reasonably decent at 61.52%, the absence of their tax form on the nonprofit's website highlights a lack of transparency that can impact donor trust. Overall, while the organization demonstrates robust governance, its financial challenges and transparency issues warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is Contemporary Oriental Medicine Foundation Inc legitimate?
Contemporary Oriental Medicine Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Contemporary Oriental Medicine Foundation 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: $81,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $407,040
For more financial information, click here
Official website here: www.comfoundation.org
What is the mission statement of Contemporary Oriental Medicine Foundation Inc?
The Contemporary Oriental Medicine Foundation Inc's mission is to preserve, protect, and promote the work in the field of traditional medicine as pioneered by Dr. Leon Hammer. This is achieved by operating a school that perpetuates and preserves Contemporary Oriental Medicine (COM), ensuring it remains true to its roots and core principles, which distinguish it from other forms of medicine. This is done through various efforts, including producing and distributing relevant literature to colleges and selling the materials through various platforms.
Official website here: www.comfoundation.org
Who is the CEO of Contemporary Oriental Medicine Foundation Inc?
Ryan Diener is the President of Contemporary Oriental Medicine Foundation Inc. The CEO's salary of Contemporary Oriental Medicine Foundation Inc is $81,374 and their total compensation is $81,374.
Official website here: www.comfoundation.org
What is the revenue of Contemporary Oriental Medicine Foundation Inc?
Contemporary Oriental Medicine Foundation Inc's revenue in 2022 was $849,401.
Official website here: www.comfoundation.org
Who are the executives of Contemporary Oriental Medicine Foundation Inc and what are their salaries?
The average compensation at Contemporary Oriental Medicine Foundation Inc during 2022 was $61,052. There are 8 employees and 6 volunteers at Contemporary Oriental Medicine Foundation Inc.
Here are 7 key members and their salaries (Contemporary Oriental Medicine Foundation Inc's CEO's salary is $81,374 and their total compensation is $81,374):
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- Compensation: $81,374
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Official website here: www.comfoundation.org
Where can I find the form 990 for Contemporary Oriental Medicine Foundation Inc?
Contemporary Oriental Medicine Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.comfoundation.org
Learn more at the official website: www.comfoundation.org
Mission Statement of Contemporary Oriental Medicine Foundation Inc
The Contemporary Oriental Medicine Foundation Inc is dedicated to preserving and advancing the work of Dr. Leon Hammer. Their mission is to promote, perpetuate, and protect Contemporary Oriental Medicine (COM), ensuring it remains grounded in its original roots and core principles, distinguishing it from other forms of medicine. They achieve this by producing educational materials, distributing them to colleges, and selling them through various channels and platforms. The foundation's efforts are geared towards safeguarding and enhancing the significance and uniqueness of COM.
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Impact
July, 2024
Contemporary Oriental Medicine Foundation Inc's impact lies in its dedication to operating a school that protects, promotes, and preserves the work of Dr. Leon Hammer. By ensuring that this school remains true to the roots and core principles of Oriental Medicine, the foundation plays a crucial role in preserving this ancient form of medicine and distinguishing it from other practices. Through producing books, distributing them to colleges, and selling them through various efforts and platforms, the foundation is actively promoting and perpetuating the legacy of Dr. Leon Hammer's work. Located in Gainesville, FL, its mission of education serves to advance the understanding and practice of Oriental Medicine.
This information is meant to be a general summary of Contemporary Oriental Medicine Foundation 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 2022.
- Investment Income: $77
- Program Service Revenue: $751,952
- Gross Receipts: $849,401
Assets and Liabilities:
- Total Assets: $2,888,542
- Total Liabilities: $2,472,166
- Net Assets: $416,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$673,096
CLINIC
Revenue
$67,659
PATENT AND RAW HERBS
Revenue
$11,197
Organization Details
Founding Year
2012
Phone
(352) 371-2833Principal Officer
Ryan Diener
Main Address
1000 NE 16TH AVE BUIDLING F, GAINSVILLE, FL, 32601
Website
www.comfoundation.orgNTEE Category
Code: B50 - Education
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