Overview
What is Ponce Medical School Foundationinc?
The Ponce Medical School Foundationinc, based in Puerto Rico, is a leading biomedical research organization with a team of accomplished researchers specializing in cancer, neuroscience, HIV, and mental health. The foundation offers modern research facilities that encourage collaborative and integrative basic and clinical research. One of its significant contributions is housing a top clinical trial research site in Puerto Rico and the only cancer tissue repository for Puerto Rican patients. The Ponce Medical School Foundation's mission is to make a difference by solving health disparities through groundbreaking, innovative, and relevant research with a global impact on healthcare. The organization employs around 150 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Ponce Medical School Foundationinc has received an 86% rating, which reflects a solid performance in terms of accountability and finance. The organization excels particularly in areas such as board independence, financial audits, and program expense ratio, with a high percentage of funds allocated directly to its programs. The independent board members contribute to the foundation's governance, with 57% independence, indicating a commitment to sound oversight.
However, there are several areas of concern highlighted in the evaluation. The foundation lacks essential policies, including a whistleblower policy and document retention protocols, which could affect its operational transparency. Additionally, the nonprofit has not posted its tax form on its website, which is a missed opportunity for enhancing public accountability.
Overall, while Ponce Medical School Foundationinc demonstrates strong financial responsibility and a commitment to its mission, addressing the noted shortcomings in governance policies would further enhance its credibility and effectiveness in public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Ponce Medical School Foundationinc legitimate?
Ponce Medical School Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ponce Medical School Foundationinc 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: $7,304,182
For more financial information, click here
What is the mission statement of Ponce Medical School Foundationinc?
The Ponce Medical School Foundation, also known as PMSF, is dedicated to making a difference in health disparities through groundbreaking, innovative, and relevant research. The organization's mission is geared towards solving these disparities and contributing to healthcare on a global scale. PMSF is home to accomplished researchers in areas such as cancer, neuroscience, HIV, and mental health. The foundation offers modern research facilities that promote collaborative and integrative basic and clinical research. Notably, PMSF houses one of the top clinical trial research sites, providing valuable resources for patients and scientists alike.
Who is the CEO of Ponce Medical School Foundationinc?
Carlos Rojas is the Chancellor of Ponce Medical School Foundationinc.
What is the revenue of Ponce Medical School Foundationinc?
Ponce Medical School Foundationinc's revenue in 2022 was $23,886,536.
Who are the executives of Ponce Medical School Foundationinc and what are their salaries?
The average compensation at Ponce Medical School Foundationinc during 2022 was $48,695. There are 150 employees and 13 volunteers at Ponce Medical School Foundationinc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $303,000
- Other: $0
- Compensation: $0
- Related: $281,006
- Other: $0
- Compensation: $0
- Related: $234,400
- Other: $0
- Compensation: $0
- Related: $208,600
- Other: $0
- Compensation: $0
- Related: $199,550
- Other: $0
- Compensation: $0
- Related: $183,350
- Other: $0
- Compensation: $0
- Related: $173,980
- Other: $0
- Compensation: $0
- Related: $170,055
- Other: $0
- Compensation: $0
- Related: $166,750
- Other: $0
- Compensation: $0
- Related: $137,481
- Other: $0
- Compensation: $0
- Related: $125,946
- Other: $0
Where can I find the form 990 for Ponce Medical School Foundationinc?
Ponce Medical School Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ponce Medical School Foundationinc
Ponce Medical School Foundationinc (PMSF) is a trailblazing organization dedicated to addressing health disparities by spearheading groundbreaking, innovative, and relevant research that brings about global change in healthcare. Comprised of accomplished researchers with expertise in areas such as cancer, neuroscience, HIV, and mental health, PMSF is at the forefront of biomedical research in Puerto Rico.
Its state-of-the-art research facilities foster collaborative, integrative basic and clinical research, making it a leader in its field. One of the top clinical trial research sites in Puerto Rico, PMSF is also home to the only cancer tissue repository for Puerto Rican patients. By focusing on solving health disparities through leading-edge research, PMSF strives to make a difference in healthcare for people around the world.
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Impact
October, 2024
Ponce Medical School Foundation, Inc. (PMSF) plays a pivotal role in addressing health disparities through innovative research that extends its impact beyond local communities to a global scale. With a focus on critical areas such as cancer, neuroscience, HIV, and mental health, PMSF emerges as a leader in biomedical research in Puerto Rico.
The foundation offers state-of-the-art research facilities that promote collaborative efforts between researchers, enhancing both basic and clinical research initiatives. Notably, PMSF boasts one of Puerto Rico's premier clinical trial research sites, which significantly contributes to medical advancements. Additionally, it operates the only cancer tissue repository dedicated to Puerto Rican patients, providing invaluable resources for studying the unique health challenges faced by this population.
By prioritizing groundbreaking research and fostering a collaborative environment, PMSF not only aims to advance scientific knowledge but also to make meaningful strides in improving healthcare outcomes, ultimately targeting the systemic health issues affecting diverse communities.
This information is meant to be a general summary of Ponce Medical School Foundationinc. 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.
- Program Service Revenue: $3,390,072
- Gross Receipts: $23,886,536
Assets and Liabilities:
- Total Assets: $14,934,140
- Total Liabilities: $2,795,708
- Net Assets: $12,138,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABORATORY
Revenue
$3,071,895
CONTINUED EDUCATION
Revenue
$318,177
Organization Details
Founding Year
1981
Phone
(787) 840-2575Principal Officer
Carlos Rojas
Main Address
PO BOX 7004, PONCE, PR, 007327004
NTEE Category
Code: B500 - Education
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