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Hackensack Meridian School Of Medicine

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813872529 ✦ Edison, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Hackensack Meridian School Of Medicine?

Hackensack Meridian School of Medicine is a renowned academic institution committed to achieving excellence in the three essential areas of academic medical missions: education, scientific research, and clinical care. By prioritizing each of these aspects, the school nurtures the next generation of medical professionals and advances healthcare knowledge through research and practical application.


Official website here: www.hmsom.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Hackensack Meridian School of Medicine has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects the organization's commitment to transparency, with a perfect Accountability & Finance score of 96%. This high rating signifies that the nonprofit effectively utilizes funds and maintains strong governance practices, making it a reliable choice for potential donors.

Strengths of the organization include a majority of independent board members, with 93% independence, and a fully independent board size of 15 members. The organization has also demonstrated excellent oversight with no material diversion of assets, ensuring that resources are directed towards its mission. The presence of comprehensive policies, including conflict of interest and whistleblower protections, further underscores its commitment to ethical governance.

While the Hackensack Meridian School of Medicine has several strengths, the evaluation is based solely on the accountability and finance metrics, and no programmatic impact data is included in the summary. As a result, while financial health is strong, potential donors may seek additional information regarding the organization’s overall impact and effectiveness in achieving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Hackensack Meridian School Of Medicine legitimate?

Hackensack Meridian School Of Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackensack Meridian School Of Medicine 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: $10,983,511

For more financial information, click here


Official website here: www.hmsom.org

What is the mission statement of Hackensack Meridian School Of Medicine?

Hackensack Meridian School of Medicine is committed to excelling in the three core aspects of academic medicine: education, scientific research, and clinical care. The institution's mission reflects this dedication, striving to be a leading medical school in these areas. Through education, it aims to develop knowledgeable and skilled medical professionals. In research, it pursues discoveries and innovations that advance the field of medicine. Lastly, in clinical care, it provides quality healthcare services to improve patient outcomes.


Official website here: www.hmsom.org

Who is the CEO of Hackensack Meridian School Of Medicine?

James Derosa is the Trustee - Ceo, Hackensack Meridian Health of Hackensack Meridian School Of Medicine. The CEO's salary of Hackensack Meridian School Of Medicine is $0 and their total compensation is $5,562,425.


Official website here: www.hmsom.org

What is the revenue of Hackensack Meridian School Of Medicine?

Hackensack Meridian School Of Medicine's revenue in 2022 was $36,106,423.


Official website here: www.hmsom.org

Who are the executives of Hackensack Meridian School Of Medicine and what are their salaries?

The average compensation at Hackensack Meridian School Of Medicine during 2022 was $104,605. There are 105 employees at Hackensack Meridian School Of Medicine.


Here are 24 key members and their salaries (Hackensack Meridian School Of Medicine's CEO's salary is $0 and their total compensation is $5,562,425):


Robert C Garrett Fache (Trustee - Ceo, Hackensack Meridian Health)
  • Compensation: $0
  • Related: $5,223,404
  • Other: $339,021
Bonita Stanton Md (Dean-Termed 1/2022)
  • Compensation: $0
  • Related: $1,039,132
  • Other: $19,700
Jeffrey Boscamp (Intermim Dean)
  • Compensation: $0
  • Related: $961,912
  • Other: $78,094
Miriam Hoffman (Associate Dean- Academic Affairs)
  • Compensation: $421,109
  • Related: $0
  • Other: $36,450
Stanley Terlecky (Associate Dean - Research/Chair M.D.)
  • Compensation: $351,446
  • Related: $0
  • Other: $37,410
John Schiavone (Assoc Dean, Finance And Ops)
  • Compensation: $322,175
  • Related: $0
  • Other: $27,586
Ofelia Martinez (Asst Dean, Medical Education)
  • Compensation: $277,604
  • Related: $0
  • Other: $11,148
Keith Metzger (Asst Dean, Under Grad Medical Educ)
  • Compensation: $250,247
  • Related: $0
  • Other: $32,069
John F Williams Jr Md (Chairperson - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ann Christopher (Vice Chairperson - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Bowden (Secretary - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank L Fekete Cpa (Treasurer - Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Montgoris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Cradic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert E O'Hara (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hekemian Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond Chambers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Currie Phd (Trustee - (Termed 4/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ulises E Diaz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vaughn Mckoy Jd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Park (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Spero (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Velez Jd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Amabile (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hmsom.org

Where can I find the form 990 for Hackensack Meridian School Of Medicine?

Hackensack Meridian School Of Medicine's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hmsom.org

Learn more at the official website: www.hmsom.org

Mission Statement of Hackensack Meridian School Of Medicine

Hackensack Meridian School of Medicine is a distinguished medical institution committed to achieving excellence in the threefold academic medical missions: education, scientific research, and clinical care. The school's objective is to establish itself as a leading medical education provider that fosters intellectual growth and innovation in its students.

The learning environment at Hackensack Meridian School of Medicine is geared towards delivering comprehensive medical education. With a focus on both theoretical and practical knowledge, the curriculum is designed to prepare students for successful careers in the medical field. The institution fosters a collaborative learning experience that encourages students to work together, sharing ideas and knowledge, to broaden their understanding of various medical concepts. Students are also exposed to cutting-edge research and technological advancements that contribute to the ongoing evolution of the medical industry.

Hackensack Meridian School of Medicine's dedication to scientific research is driven by its commitment to expand the frontiers of medical knowledge and improve patient care. The institution's faculty and students engage in rigorous research activities, utilizing advanced technologies and methodologies to uncover new insights into various medical conditions and treatments. The research conducted at the school plays a crucial role in informing evidence-based medical practices and shaping the future of healthcare.

In the clinical care setting, Hackensack Meridian School of Medicine provides opportunities for students to gain hands-on experience in real-world medical scenarios. Through partnerships with leading healthcare institutions, students receive extensive training under the supervision of experienced medical professionals. This practical experience allows students to develop the skills and confidence necessary to provide high-quality patient care in a professional setting.

In summary, Hackensack Meridian School of Medicine is a premier medical institution that embraces the tripartite academic medical missions of education, scientific research, and clinical care. Its commitment to excellence in these areas positions it as a leader in shaping the future of medical education and healthcare delivery.

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Impact




October, 2024

Hackensack Meridian School of Medicine significantly impacts the healthcare landscape through its commitment to education, scientific research, and clinical care. By training future medical professionals, the school enhances the quality of healthcare available in the community and beyond. Its rigorous academic programs ensure that graduates are well-equipped with the knowledge and skills necessary to excel in their medical careers.

In addition to education, the school's emphasis on scientific research contributes to advancements in medical knowledge and practices. This focus allows faculty and students to engage in innovative research projects, leading to improved treatment options and public health initiatives.

Through its clinical care mission, Hackensack Meridian School of Medicine plays a vital role in addressing local health needs, providing high-quality patient care, and serving diverse populations. The integration of education, research, and clinical practice positions the school as a key contributor to the overall health and well-being of the community, fostering a culture of excellence in medicine.




This information is meant to be a general summary of Hackensack Meridian School Of Medicine. 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.

Revenue
$36,106,423 (2022)
Expenses
$32,362,512 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $28,553,706
  • Gross Receipts: $36,106,423

Assets and Liabilities:

  • Total Assets: $39,458,744
  • Total Liabilities: $10,470,833
  • Net Assets: $28,987,911

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION PROGRAMS

Revenue

$28,553,706

Organization Details

Founding Year

2016

Principal Officer

James Derosa

Main Address

C/O TAX DEPT 399 THORNALL STREET 2N, EDISON, NJ, 08837

NTEE Category

Code: B50 - Education

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