Overview
What is Alumni Association Of The Medical University Of South Carolina?
The Alumni Association of the Medical University of South Carolina is a nonprofit organization based in Charleston, South Carolina. Its primary purpose is to foster fellowship and educational interests among alumni of the medical university, specifically healthcare professionals. They achieve this goal through networking events, homecoming activities with deans and colleges to engage alumni with the campus, and regular communications via their alumni website. The association, along with its six college alumni associations, share a joint mission to serve the alumni, promote collegiality, and support the institution's ongoing efforts. Their mission is to strengthen relationships between the Medical University of South Carolina and its alumni, encouraging financial support and involvement through various programs and activities.
Official website here: www.musc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The Alumni Association Of The Medical University Of South Carolina has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The overall score of 69% reflects strong governance through a majority independent board, with 91% independent members and no material diversion of assets reported. Additionally, the organization demonstrates a commendable program expense ratio of 98.45%, suggesting that most funds are directed towards its programs.
However, the association has significant limitations in its accountability and financial practices. Notably, it lacks financial statements, conflict of interest policies, whistleblower policies, and document retention guidelines, which have contributed to its lower overall rating. While it has documented board meeting minutes, the absence of essential governance structures could hinder transparency and accountability.
In summary, while the Alumni Association Of The Medical University Of South Carolina shows strengths in its governance and program spending, improving its financial transparency and accountability policies will be crucial for enhancing its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Alumni Association Of The Medical University Of South Carolina legitimate?
Alumni Association Of The Medical University Of South Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alumni Association Of The Medical University Of South Carolina 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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For more financial information, click here
Official website here: www.musc.edu
What is the mission statement of Alumni Association Of The Medical University Of South Carolina?
The Alumni Association of the Medical University of South Carolina has a mission to foster relationships between the institution and its alumni. They achieve this by organizing programs and activities designed to enhance understanding and pride in the Medical University of South Carolina. The association encourages alumni to support the university financially and with their time. They promote fellowship and educational interests among healthcare professionals through networking events, homecoming activities, and regular communication through the alumni website. The association's aim is to strengthen ties between the university and its alumni, thereby supporting the ongoing efforts of the institution.
Official website here: www.musc.edu
What is the revenue of Alumni Association Of The Medical University Of South Carolina?
Alumni Association Of The Medical University Of South Carolina's revenue in 2024 was $1,320,239.
Official website here: www.musc.edu
Who are the executives of Alumni Association Of The Medical University Of South Carolina and what are their salaries?
Here are 37 key members and their salaries:
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Official website here: www.musc.edu
Where can I find the form 990 for Alumni Association Of The Medical University Of South Carolina?
Alumni Association Of The Medical University Of South Carolina's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.musc.edu
Learn more at the official website: www.musc.edu
Mission Statement of Alumni Association Of The Medical University Of South Carolina
The Alumni Association of the Medical University of South Carolina, in its mission, seeks to foster and strengthen connections between the institution and its graduates. By organizing programs and activities, this association aims to boost the understanding and pride of the Medical University of South Carolina within its alumni community. Furthermore, it encourages its alumni to contribute financially and with their time to support the ongoing endeavors of the university. The association promotes fellowship and educational interests among its healthcare professional alumni through networking events, homecoming activities, and regular communications via the alumni website.
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Impact
July, 2024
The Alumni Association of the Medical University of South Carolina plays a crucial role in fostering connections and promoting collaboration among healthcare professionals who are alumni of the institution. By organizing networking events, homecoming activities, and educational programs, the association helps to strengthen ties between the university and its graduates. Additionally, it encourages alumni to support the Medical University of South Carolina through both financial contributions and active participation, ultimately contributing to the ongoing success and advancement of the institution.
This information is meant to be a general summary of Alumni Association Of The Medical University Of South Carolina. 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 2024.
- Investment Income: $8,992
- Gross Receipts: $1,320,239
Assets and Liabilities:
- Total Assets: $506,834
- Total Liabilities: $0
- Net Assets: $506,834
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Organization Details
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