Overview
What is Medical Education Resources Initiative For Teens Inc?
Medical Education Resources Initiative for Teens Inc., or MERIT, is a nonprofit organization situated in Baltimore, Maryland. Their primary aim is to address health care disparities by empowering under-represented high school students to become leaders in the healthcare field. MERIT achieves this by offering comprehensive support, including rigorous academic classes, intensive mentorship, college counseling, healthcare career internships, and more. The organization's initiatives span from middle school through college and beyond, with a remarkable success rate. In the high school program of the previous year, all scholars were admitted to four-year universities, SAT scores improved, and every scholar expressed a heightened desire to pursue a career in healthcare. The organization boasts a team of seven dedicated individuals.
Official website here: www.meritbaltimore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Medical Education Resources Initiative For Teens Inc has received a commendable score of 96%, reflecting its strong commitment to accountability and financial integrity. The organization demonstrates excellence in transparency, with an independent board comprising 100% of its members, alongside robust financial oversight practices. In the most recent fiscal year, it maintained a favorable liabilities to assets ratio of 2.86%, indicating sound financial health.
The charity stands out with a program expense ratio of 71.43%, showing that a significant portion of its funding is directed toward its mission-related activities. This commitment to effective resource allocation suggests a focus on maximizing the impact of its programs for the benefit of the teens it serves. Furthermore, the presence of various governance policies, including conflict of interest and whistleblower policies, underscores its dedication to ethical operations.
While the data reflects strong performance in multiple areas, the summary notes no significant limitations or issues concerning the charity's operations or governance. Overall, Medical Education Resources Initiative For Teens Inc is recognized for its strong financial practices and effective management, making it a reliable option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Education Resources Initiative For Teens Inc legitimate?
Medical Education Resources Initiative For Teens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Education Resources Initiative For Teens 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: $142,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $296,682
For more financial information, click here
Official website here: www.meritbaltimore.org
What is the mission statement of Medical Education Resources Initiative For Teens Inc?
Medical Education Resources Initiative for Teens (MERIT) strives to eradicate health care disparities by nurturing under-represented high school students into future leaders in the medical field. To achieve this goal, MERIT offers comprehensive support and opportunities to students throughout their educational journey, from middle school through college and beyond. This support encompasses rigorous academic classes, intensive mentorship, college counseling, and health career internships, among other resources. The ultimate aim is to equip these students with the necessary skills and knowledge to address health care disparities effectively.
Official website here: www.meritbaltimore.org
Who is the CEO of Medical Education Resources Initiative For Teens Inc?
Jimmy Tadlock is the Member of Medical Education Resources Initiative For Teens Inc.
Official website here: www.meritbaltimore.org
What is the revenue of Medical Education Resources Initiative For Teens Inc?
Medical Education Resources Initiative For Teens Inc's revenue in 2022 was $920,463.
Official website here: www.meritbaltimore.org
Who are the executives of Medical Education Resources Initiative For Teens Inc and what are their salaries?
The average compensation at Medical Education Resources Initiative For Teens Inc during 2022 was $62,739. There are 7 employees at Medical Education Resources Initiative For Teens Inc.
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- Compensation: $114,523
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- Other: $5,972
Official website here: www.meritbaltimore.org
Where can I find the form 990 for Medical Education Resources Initiative For Teens Inc?
Medical Education Resources Initiative For Teens Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meritbaltimore.org
Learn more at the official website: www.meritbaltimore.org
Mission Statement of Medical Education Resources Initiative For Teens Inc
Medical Education Resources Initiative for Teens, often referred to as MERIT, is a nonprofit organization with a mission to combat health care disparities. By focusing on under-represented high school students, MERIT aims to transform these individuals into future leaders in the healthcare field. To achieve this goal, MERIT offers a range of support and opportunities to students throughout their academic journey, starting from middle school and continuing through college and beyond. This comprehensive support includes rigorous academic classes, intensive mentorship, college counseling, and health career internships, among other resources. MERIT's ultimate objective is to eliminate health care disparities and contribute to a more equitable healthcare system.
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Impact
July, 2024
Medical Education Resources Initiative For Teens Inc, through its program MERIT, is making a significant impact on underrepresented high school students aspiring to pursue careers in healthcare. By providing rigorous academic classes, intensive mentorship, college counseling, and health career internships, MERIT is transforming these students into future health care leaders. The results speak for themselves - 100% of scholars in the high school program last year were accepted into 4-year universities, SAT scores improved, and every scholar reported an increased desire to pursue a career in health care. This organization is playing a vital role in eliminating healthcare disparities by empowering and supporting the next generation of diverse healthcare professionals.
This information is meant to be a general summary of Medical Education Resources Initiative For Teens 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: $277
- Gross Receipts: $920,463
Assets and Liabilities:
- Total Assets: $2,103,075
- Total Liabilities: $60,288
- Net Assets: $2,042,787
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Organization Details
Founding Year
2014
Phone
(443) 677-1705Principal Officer
Jimmy Tadlock
Main Address
1 NORTH HAVEN STREET SUITE 4 4, BALTIMORE, MD, 21224
Website
www.meritbaltimore.orgNTEE Category
Code: O50 - Youth development
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