Overview
What is Mobile Medical Endowment Trust Inc?
Mobile Medical Endowment Trust Inc, established in Mobile, Alabama, serves as a professional medical association. Their primary mission is to support the Medical Society of Mobile County and award scholarships to aspiring medical students. Located at 2701 Airport Blvd, this nonprofit organization contributes to the medical field by nurturing future medical professionals and supporting their local medical society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Mobile Medical Endowment Trust Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The charity achieved a high score of 94% in this category, indicating that it operates with transparency and effective financial management. This rating is significant as it suggests the organization is well-managed, ensuring that donations are utilized efficiently.
The organization showcases an exemplary commitment to governance, with a board composed entirely of independent members, which enhances its accountability. The absence of material diversion of assets and the presence of robust policies regarding conflicts of interest, whistleblowing, and document retention further highlight the organization's dedication to integrity and ethical practices. Additionally, a low liabilities-to-assets ratio and a high program expense ratio demonstrate that the majority of its resources are directed toward fulfilling its mission.
While the organization exhibits strong financial health and governance practices, details on its programmatic impact or community engagement were not provided in the available data. Nonetheless, the high scores across various accountability criteria suggest that Mobile Medical Endowment Trust Inc is a trustworthy charity for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Mobile Medical Endowment Trust Inc legitimate?
Mobile Medical Endowment Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mobile Medical Endowment Trust 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.
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What is the mission statement of Mobile Medical Endowment Trust Inc?
The Mobile Medical Endowment Trust Inc, serving as a professional medical association, is committed to awarding scholarships to medical students and supporting the Medical Society of Mobile County. Its mission effectively contributes to the medical field by fostering the education of future healthcare professionals. Additionally, the organization extends its support to the Medical Society of Mobile County, thereby bolstering the medical community.
Who is the CEO of Mobile Medical Endowment Trust Inc?
Leonard Rich is the Principal Officer of Mobile Medical Endowment Trust Inc.
What is the revenue of Mobile Medical Endowment Trust Inc?
Mobile Medical Endowment Trust Inc's revenue in 2021 was $1,101.
Who are the executives of Mobile Medical Endowment Trust Inc and what are their salaries?
There 17 volunteers at Mobile Medical Endowment Trust Inc.
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Where can I find the form 990 for Mobile Medical Endowment Trust Inc?
Mobile Medical Endowment Trust Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Mobile Medical Endowment Trust Inc
Mobile Medical Endowment Trust Inc, as a professional medical association, plays a vital role in supporting the medical society of Mobile County. Its mission is twofold: firstly, it awards scholarships to medical students, providing them with financial assistance to pursue their medical careers. Secondly, it bolsters the medical society of Mobile County, contributing to the overall development and advancement of the medical field in the area. By doing so, Mobile Medical Endowment Trust Inc is instrumental in nurturing future medical professionals and strengthening the medical community.
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Impact
October, 2024
Mobile Medical Endowment Trust Inc plays a significant role in enhancing the medical community in Mobile County, Alabama, through its commitment to education and support for future healthcare professionals. By awarding scholarships to medical students, it helps alleviate the financial burden associated with medical education, thereby encouraging talented individuals to pursue careers in medicine. This initiative not only contributes to the personal and professional growth of these students but also strengthens the local healthcare workforce.
Additionally, the organization supports the Medical Society of Mobile, fostering collaboration and professional development among medical practitioners. This support enhances the overall quality of healthcare services in the area, promoting better health outcomes for the community. Through its efforts, Mobile Medical Endowment Trust Inc positively impacts both the education of emerging medical professionals and the broader healthcare landscape in Mobile County.
This information is meant to be a general summary of Mobile Medical Endowment Trust 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 2021.
- Investment Income: $1
- Program Service Revenue: $1,100
- Gross Receipts: $1,101
Assets and Liabilities:
- Total Assets: $420,920
- Total Liabilities: $57,375
- Net Assets: $363,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHYSICIANS WELLNESS PR
Revenue
$1,100
Organization Details
Founding Year
1975
Phone
(251) 476-9494Principal Officer
Leonard Rich
Main Address
2701 AIRPORT BLVD, MOBILE, AL, 36606
NTEE Category
Code: B03 - Education
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