Overview
What is The Medical Society Of Virginia Foundation?
The Medical Society of Virginia Foundation is a nonprofit organization situated in Richmond, Virginia. Their primary objective is to serve as a reliable source of leadership development for the state's physicians, with the ultimate goal of enhancing health and healthcare in Virginia. To achieve this mission, they strive to better equip the physician community, thereby improving the health of Virginia's residents. With a team of eight dedicated individuals, they operate in Richmond, providing a trusted platform for the professional growth of physicians.
Official website here: www.msv.org/connections/foundation
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
The Medical Society Of Virginia Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. This high score indicates the organization’s effective management of financial resources and adherence to high standards of transparency and accountability. Notably, the foundation boasts a fully independent board and comprehensive conflict of interest and whistleblower policies, contributing to its robust governance structure.
With a program expense ratio of 88.38%, the foundation demonstrates a strong commitment to channeling a significant portion of its resources towards its mission. The overall financial health appears sound, with a favorable liabilities to assets ratio of 32.40%. Despite these strengths, the foundation has not yet been assessed on key areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability, which are essential for a comprehensive evaluation of its effectiveness and long-term sustainability.
User reviews from GreatNonprofits could not be fetched, leaving the public without additional insights into community perceptions or individual experiences related to the foundation. Overall, the Medical Society Of Virginia Foundation is recognized for its strong financial practices and solid governance, although potential supporters might benefit from further information on its impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Medical Society Of Virginia Foundation legitimate?
The Medical Society Of Virginia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Medical Society Of Virginia Foundation 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
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Other Salaries and Wages: $1,698,660
For more financial information, click here
Official website here: www.msv.org/connections/foundation
What is the mission statement of The Medical Society Of Virginia Foundation?
The Medical Society of Virginia Foundation's mission is centered around better equipping the physician community. Their primary goal is to improve the health of Virginians. To achieve this, they provide leadership development for Virginia's physicians, aiming to effectively advance health and healthcare within the state. They serve as a trusted source, striving to advance healthcare and health outcomes in Virginia.
Official website here: www.msv.org/connections/foundation
Who is the CEO of The Medical Society Of Virginia Foundation?
Melvin Hodges is the President of The Medical Society Of Virginia Foundation.
Official website here: www.msv.org/connections/foundation
What is the revenue of The Medical Society Of Virginia Foundation?
The Medical Society Of Virginia Foundation's revenue in 2022 was $7,384,172.
Official website here: www.msv.org/connections/foundation
Who are the executives of The Medical Society Of Virginia Foundation and what are their salaries?
The average compensation at The Medical Society Of Virginia Foundation during 2022 was $212,332. There are 8 employees at The Medical Society Of Virginia Foundation.
Here are 20 key members and their salaries:
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- Other: $43,525
Official website here: www.msv.org/connections/foundation
Where can I find the form 990 for The Medical Society Of Virginia Foundation?
The Medical Society Of Virginia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msv.org/connections/foundation
Learn more at the official website: www.msv.org/connections/foundation
Mission Statement of The Medical Society Of Virginia Foundation
The Medical Society of Virginia Foundation, a notable entity, is committed to a mission aimed at enhancing the capability of Virginia's medical community. Their primary objective is to improve the health of the state's residents. To accomplish this, they provide a reliable platform for leadership development within the physician community. Their ultimate goal is to effectively advance health and healthcare within Virginia. By equipping physicians with the necessary skills and knowledge, the Foundation seeks to contribute significantly to the betterment of public health in the state.
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Impact
July, 2024
The Medical Society of Virginia Foundation's impact lies in its commitment to equipping the physician community to enhance the health of Virginians. Through its focus on medical leadership development, the foundation serves as a trusted source of expertise for physicians in Virginia. By effectively advancing health and healthcare in the state, the foundation plays a crucial role in improving the overall well-being of Virginians.
This information is meant to be a general summary of The Medical Society Of Virginia Foundation. 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: -$19,397
- Gross Receipts: $7,830,436
Assets and Liabilities:
- Total Assets: $6,973,763
- Total Liabilities: $2,479,125
- Net Assets: $4,494,638
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Organization Details
Founding Year
1986
Phone
(804) 353-2721Principal Officer
Melvin Hodges
Main Address
2924 EMERYWOOD PARKWAY SUITE 300, RICHMOND, VA, 23294
NTEE Category
Code: E112 - Health
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