Overview
What is Delaware Foundation For Medical Services Limited?
The Delaware Foundation for Medical Services Limited is a nonprofit organization, headquartered in Middletown, Delaware. Its primary mission is to improve the quality of medical care within the state by providing financial assistance to promote programs that enhance healthcare access and quality. The foundation's work is rooted in the belief that collective giving can yield greater benefits than individual actions and provides corporations with an equivalent opportunity to contribute. By safeguarding and managing charitable gifts, the foundation aims to secure the long-term well-being of these contributions, ultimately advancing the overall medical care landscape in Delaware.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Delaware Foundation for Medical Services Limited has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's overall score is derived entirely from its accountability and finance metrics, reflecting its strong commitment to financial transparency and governance practices.
Key strengths of the foundation include a fully independent board with nine members, which enhances its governance structure. The charity has no reported material diversion of assets and boasts comprehensive policies for conflict of interest, whistleblower protection, and document retention. Its impressive program expense ratio of 74.86% signifies that a significant portion of its resources is directed towards its mission-driven activities.
Despite the strong performance in accountability and finance, there are no specific limitations or areas for improvement noted in the available data. Overall, the Delaware Foundation for Medical Services Limited demonstrates a robust operational framework and a commitment to its financial responsibilities.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Foundation For Medical Services Limited legitimate?
Delaware Foundation For Medical Services Limited is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Foundation For Medical Services Limited 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 Delaware Foundation For Medical Services Limited?
The Delaware Foundation for Medical Services Limited's mission is centered around enhancing the quality of medical care in Delaware. This is achieved by providing a platform for individuals and corporations to make charitable contributions for various beneficial purposes, including health, scientific, and educational initiatives. The foundation offers an opportunity for collective giving, ensuring a greater impact than what could be achieved individually. It also offers corporations the same giving opportunities as individuals, based on their economic circumstances. Furthermore, the foundation ensures the long-term security of these gifts, safeguarding their intent and impact for future generations.
Who is the CEO of Delaware Foundation For Medical Services Limited?
Mark Thompson is the Chair of Delaware Foundation For Medical Services Limited.
What is the revenue of Delaware Foundation For Medical Services Limited?
Delaware Foundation For Medical Services Limited's revenue in 2022 was $87,818.
Who are the executives of Delaware Foundation For Medical Services Limited and what are their salaries?
There 9 volunteers at Delaware Foundation For Medical Services Limited.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Delaware Foundation For Medical Services Limited?
Delaware Foundation For Medical Services Limited's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Delaware Foundation For Medical Services Limited
The Delaware Foundation for Medical Services Limited is dedicated to improving the quality of medical care in the state of Delaware. Their mission is twofold: firstly, they aim to provide an opportunity for individuals to make charitable gifts that yield greater benefits than they could achieve individually. Secondly, the foundation offers corporations the chance to create memorials or make gifts according to their financial capabilities, fostering a sense of community and shared responsibility. Furthermore, the Delaware Foundation for Medical Services Limited is committed to ensuring the permanent security of these gifts, safeguarding them for future use in enhancing medical care. This mission reflects a strong commitment to improving healthcare outcomes in Delaware, leveraging collective philanthropy to achieve greater impact.
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Impact
October, 2024
Delaware Foundation For Medical Services Limited plays a crucial role in enhancing the quality of medical care in the state of Delaware. By providing awards to support programs that improve access to and the quality of healthcare, the foundation directly contributes to better health outcomes for residents. Its mission focuses on administering gifts and resources for various charitable and educational purposes related to health, enabling individuals and corporations to make impactful contributions.
Through its initiatives, the foundation creates opportunities for stakeholders to unite in their efforts to improve healthcare, ensuring that contributions lead to meaningful advancements in the medical field. This collaborative approach enhances the healthcare landscape in Delaware, promoting a healthier community overall. By safeguarding these gifts, the foundation ensures long-term benefits and stability in the quality of medical care available to the state's population.
This information is meant to be a general summary of Delaware Foundation For Medical Services Limited. 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: $72,728
- Gross Receipts: $939,332
Assets and Liabilities:
- Total Assets: $1,619,266
- Total Liabilities: $4,040
- Net Assets: $1,615,226
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Organization Details
Founding Year
1992
Phone
(302) 366-1400Principal Officer
Mark Thompson
Main Address
651 N BROAD ST 304, MIDDLETOWN, DE, 19709
NTEE Category
Code: E21 - Health
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