Overview
What is Knoxville Academy Of Medicine Foundation?
The Knoxville Academy of Medicine Foundation is a nonprofit organization based in Knoxville, Tennessee. Its primary objective is to serve as a recipient for philanthropic support, including inter vivos gifts, testamentary bequests, and other donations. This support is used for maintaining, restoring, preserving, and enhancing professional and medical initiatives and programs, adhering to the Tennessee Nonprofit Corporation Act and relevant sections of the Internal Revenue Code. In the past, the foundation focused on providing flu shots to the Knoxville community, primarily funded by members of the academy and contributions from events. However, this program was discontinued and replaced with a new initiative to offer no-cost healthcare services to families who lack insurance and do not meet the eligibility criteria for the state's low-income insurance program. In the recent past year, the foundation has assisted over 4,500 individual patients through this program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Knoxville Academy Of Medicine Foundation has achieved an 86% overall score on Charity Navigator, indicating a solid performance in accountability and finance. This rating is based solely on their strong Accountability & Finance score, which reflects their commitment to transparency and responsible financial management. The foundation boasts a fully independent board, with all 11 members contributing to a robust governance structure.
The organization demonstrates excellent practices including a fully audited financial oversight committee, no material diversion of assets, and a well-established conflict of interest policy. Additionally, they maintain thorough documentation of board meeting minutes, which contributes to their high accountability standards. Their program expense ratio is also notable, as it indicates that all of their expenses are directed towards their programs, ensuring that funds raised are utilized effectively for their intended purposes.
While the organization received a commendable score, it is essential for potential donors and supporters to continually monitor the foundation’s activities and financial health. Overall, the Knoxville Academy Of Medicine Foundation demonstrates a strong commitment to accountability, making it a trustworthy option for those looking to support their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Knoxville Academy Of Medicine Foundation legitimate?
Knoxville Academy Of Medicine Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoxville Academy Of Medicine 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:
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Other Salaries and Wages: $881,626
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What is the mission statement of Knoxville Academy Of Medicine Foundation?
The Knoxville Academy of Medicine Foundation's mission is centered around providing no-cost healthcare services to families who lack insurance and do not qualify for their state's low-income insurance program. Established as a philanthropic entity, it receives support for various medical initiatives and programs, adhering to the Tennessee Nonprofit Corporation Act and the Internal Revenue Code. Previously, the foundation offered flu shots to the Knoxville community, primarily funded by the foundation's members and contributions from an annual event. However, this initiative was discontinued and replaced with a more comprehensive program, providing no-cost healthcare services to eligible families. In the past year alone, the foundation has assisted over 4500 individual patients.
Who is the CEO of Knoxville Academy Of Medicine Foundation?
Rosalind Cadigan Md is the Director of Knoxville Academy Of Medicine Foundation.
What is the revenue of Knoxville Academy Of Medicine Foundation?
Knoxville Academy Of Medicine Foundation's revenue in 2022 was $2,181,827.
Who are the executives of Knoxville Academy Of Medicine Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Knoxville Academy Of Medicine Foundation?
Knoxville Academy Of Medicine Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knoxville Academy Of Medicine Foundation
The Knoxville Academy of Medicine Foundation is committed to providing no-cost healthcare services to families who lack insurance and do not qualify for their state's low-income insurance program. Established to serve as a recipient for philanthropic support, the foundation utilizes donations to fund various medical initiatives and programs that adhere to the provisions of the Tennessee Nonprofit Corporation Act and the Internal Revenue Code.
In the past, the foundation's primary focus was on offering flu shots to residents in the Knoxville area. Funding for this program largely came from the members of the Knoxville Academy and contributions collected during events, which were then donated to a local charity. However, this initiative was discontinued and replaced with a more comprehensive program, which now focuses on providing no-cost healthcare to families without insurance or eligibility for their state's low-income insurance program.
In the past year alone, the Knoxville Academy of Medicine Foundation has assisted over 4,500 individual patients through this program, demonstrating their dedication to enhancing the health and well-being of those in need. The foundation continues to seek philanthropic support to maintain, restore, preserve, and expand its healthcare initiatives, ensuring that families without insurance have access to essential medical services.
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Impact
July, 2024
Knoxville Academy Of Medicine Foundation's impact is significant in providing no-cost health care to families without insurance who do not qualify for the state's low-income insurance program. In the past year alone, the foundation has assisted more than 4500 individual patients in the Knoxville area, addressing a critical need for medical services among underserved populations. Through their dedicated efforts, the foundation is making a tangible difference in the community by ensuring access to essential healthcare services for those who may otherwise go without.
This information is meant to be a general summary of Knoxville Academy Of Medicine 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: $535
- Gross Receipts: $2,194,717
Assets and Liabilities:
- Total Assets: $2,306,293
- Total Liabilities: $1,007,244
- Net Assets: $1,299,049
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Organization Details
Founding Year
1950
Phone
(865) 531-2766Principal Officer
Rosalind Cadigan Md
Main Address
9032 CROSS PARK DR, KNOXVILLE, TN, 37923
NTEE Category
Code: E31 - Health
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