Overview
What is University Medical Foundation Inc?
University Medical Foundation Inc, based in Louisville, Kentucky, serves as a crucial fundraising entity for the University of Louisville School of Medicine. Its primary mission is to gather financial backing for the institution's academic and clinical programs. By doing so, it contributes significantly to the advancement of medical knowledge and patient care within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The University Medical Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score, which stands at 79%, is based entirely on their Accountability & Finance metrics, reflecting the foundation's commitment to transparency and responsible management of resources.
Strengths highlighted in the evaluation include a fully independent board, robust financial practices with no liabilities reported, and a high program expense ratio of 98.30%, suggesting that the majority of funds raised are directed towards their programs rather than administrative costs. Furthermore, the foundation has established strong governance practices, including conflict of interest and whistleblower policies.
While the rating is positive, it is important for potential donors to consider that the score is derived solely from financial metrics without additional insights into the foundation's impact or effectiveness in its mission. As with any charitable organization, individuals should review additional information and consider personal values when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is University Medical Foundation Inc legitimate?
University Medical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Medical Foundation 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.
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 University Medical Foundation Inc?
University Medical Foundation Inc's primary mission is to gather financial support for the academic and clinical programs of the University of Louisville School of Medicine. Their primary objective is to contribute to the advancement of medical education and patient care by funding these programs. The foundation's role is crucial in ensuring the continuation of high-quality research and teaching in the medical field. By collecting financial resources, the foundation enables the University of Louisville School of Medicine to continue its mission of improving health and well-being through medical education and patient care. This support is instrumental in fostering innovation, progress, and the betterment of medical knowledge and practices.
Who is the CEO of University Medical Foundation Inc?
Kim Williams Md is the President of University Medical Foundation Inc.
What is the revenue of University Medical Foundation Inc?
University Medical Foundation Inc's revenue in 2022 was $1,862,785.
Who are the executives of University Medical Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $674,732
- Other: $103,417
- Compensation: $0
- Related: $290,479
- Other: $46,462
- Compensation: $0
- Related: $222,917
- Other: $40,729
Where can I find the form 990 for University Medical Foundation Inc?
University Medical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Medical Foundation Inc
University Medical Foundation Inc, as outlined in its mission, primarily exists to gather financial backing for the academic and clinical programs at the University of Louisville School of Medicine. This nonprofit organization's primary objective is to contribute to the educational and medical advancements at the University of Louisville's medical school by securing financial resources. By doing so, University Medical Foundation Inc plays a crucial role in supporting the development of future medical professionals and enhancing the delivery of healthcare services.
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Impact
July, 2024
University Medical Foundation Inc plays a crucial role in supporting the academic and clinical programs of the University of Louisville School of Medicine. By collecting financial support, the foundation ensures that the institution can continue to provide quality education and healthcare services to the community in Louisville, Kentucky. This support ultimately contributes to the advancement of medical knowledge, the training of future healthcare professionals, and the overall well-being of the population served by the university. Through its efforts, University Medical Foundation Inc makes a tangible impact on the field of education and healthcare.
This information is meant to be a general summary of University Medical Foundation 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 2022.
- Investment Income: $6,335
- Program Service Revenue: $1,856,450
- Gross Receipts: $1,862,785
Assets and Liabilities:
- Total Assets: $14,198,808
- Total Liabilities: $0
- Net Assets: $14,198,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY KIDNEY CENT
Revenue
$492,874
UNIVERSITY KIDNEY CENT
Revenue
$476,003
UNIVERSITY KIDNEY CENT
Revenue
$412,750
UNIVERSITY KIDNEY CENT
Revenue
$264,606
UNIVERSITY KIDNEY CENT
Revenue
$138,903
Organization Details
Founding Year
1993
Phone
(502) 852-1609Principal Officer
Kim Williams Md
Main Address
550 S JACKSON ST 3RD FLOOR ACB, LOUISVILLE, KY, 40202
NTEE Category
Code: B54Z - Education
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