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Vc Medical Endowment Trust

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

EIN: 476343397 ✦ Sioux falls, SD ✦ Designated as a 501(c)(3)

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Overview

What is Vc Medical Endowment Trust?

Vc Medical Endowment Trust is a charitable organization, established with the primary intent of supporting educational initiatives. It operates as a supporting organization under section 509(a)(3), dedicated to advancing the exempt objectives of its sole beneficiary, Edward Via Virginia College of Osteopathic Medicine (VCOM). The Trust's mission is to contribute to VCOM's charitable and educational pursuits, aiming to make a significant impact in the medical field.

Is Vc Medical Endowment Trust legitimate?

Vc Medical Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vc Medical Endowment Trust 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

What is the mission statement of Vc Medical Endowment Trust?

The Vc Medical Endowment Trust, with an exclusive purpose of being educational and charitable, functions as a supporting organization under section 509(a)(3). Its primary role is to aid and advance the exempt objectives of its sole beneficiary, Edward Via Virginia College of Osteopathic Medicine (VCOM). The Trust's mission is centered around supporting VCOM's charitable and educational endeavors, contributing to its exempt purposes.

Who is the CEO of Vc Medical Endowment Trust?

John G Rocovich Jr is the Chairman, Trustee, Treas. of Vc Medical Endowment Trust.

What is the revenue of Vc Medical Endowment Trust?

Vc Medical Endowment Trust's revenue in 2022 was $1,476,836.

Who are the executives of Vc Medical Endowment Trust and what are their salaries?


Here are 8 key members and their salaries:


John G Rocovich Jr (Chairman, Trustee, Treas.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth R Cline (Trustee, Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick P Stratton Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William F Fox (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don H Davis Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David G Hottmann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Holland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Barbour (Officer, Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Vc Medical Endowment Trust?

Vc Medical Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Vc Medical Endowment Trust

Vc Medical Endowment Trust, established with educational and charitable objectives, serves as a supporting organization under Section 509(a)(3). Its primary role is to bolster the exempt purposes of its sole beneficiary, Edward Via Virginia College of Osteopathic Medicine (VCOM). This trust is dedicated to contributing to VCOM's mission, aiming to promote education and charitable activities that align with the college's exempt status.

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Impact




October, 2024

Vc Medical Endowment Trust plays a significant role in enhancing educational and charitable initiatives within the medical community, specifically through its support of the Edward Via Virginia College of Osteopathic Medicine (VCOM). By acting as a supporting organization, the Trust facilitates funding and resources that directly contribute to VCOM's mission of training healthcare professionals.

Its impact can be seen in various ways, including the provision of scholarships, funding for research, and the enhancement of educational programs that prepare osteopathic physicians to meet the healthcare needs of communities. The Trust's commitment to philanthropy fosters a supportive environment that helps cultivate skilled medical practitioners dedicated to quality patient care.

In addition, the Trust aids in increasing access to osteopathic education, allowing a diverse range of students to pursue their goals in medicine. This not only enriches the educational landscape but also ultimately benefits the public through improved healthcare outcomes and increased service availability in underserved areas. The Trust's focused efforts ensure that the mission of VCOM is upheld, reinforcing the importance of education and charitable endeavors in the medical field.




This information is meant to be a general summary of Vc Medical Endowment Trust. 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
$1,476,836 (2022)
Expenses
$1,606,343 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,476,836
  • Gross Receipts: $10,356,870

Assets and Liabilities:

  • Total Assets: $16,574,486
  • Total Liabilities: $15,946,390
  • Net Assets: $628,096

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Organization Details

Founding Year

2014

Principal Officer

John G Rocovich Jr

Main Address

500 S MINNESOTA AVENUE, SIOUX FALLS, SD, 57104

NTEE Category

Code: T90 - Philanthropy

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