Overview
What is Kaiser Permanente Bernard J Tyson School Of Medicine Inc?
The Kaiser Permanente Bernard J Tyson School of Medicine Inc, located in Oakland, California, is a nonprofit organization dedicated to delivering world-class medical education. With a mission to ignite a passion for learning, a desire to serve, and a commitment to improve the health and well-being of patients and communities, the school incorporates advanced health information technology, acknowledges the importance of collaboration, and promotes diversity and inclusion to deliver health equity. The organization's groundbreaking initiative includes waiving tuition for the first five entering classes, totaling approximately $10 million in tuition waivers for the years 2021 and 2022. Additionally, the school offers substantial institutional grant aid to offset living expenses. The diverse student body comprises 46% underrepresented in medicine, 30% disadvantaged, 22% nontraditional, and 16% first-generation students. The school was granted provisional accreditation by the Liaison Committee on Medical Education in October 2022, marking a significant step towards full accreditation.
Official website here: www.medschool.kp.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Kaiser Permanente Bernard J Tyson School Of Medicine Inc has achieved an impressive 94% rating from Charity Navigator, indicating strong performance in accountability and finance. The organization excels in maintaining a predominantly independent board, with 76% of its members being independent, and demonstrates effective oversight through a solid audit and financial management structure.
One of the notable strengths of the organization is its high program expense ratio of 84.55%, which suggests that a significant portion of its resources is directed toward its programs rather than administrative costs. Additionally, the absence of material diversion of assets and the presence of comprehensive policies on conflicts of interest and whistleblower protections further reinforce its commitment to transparency and ethical governance.
However, while the organization shows strong financial health, the liabilities to assets ratio of 52.76% could indicate some financial leverage. Overall, the nonprofit demonstrates a solid operational foundation, while its high rating reflects its dedication to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Kaiser Permanente Bernard J Tyson School Of Medicine Inc legitimate?
Kaiser Permanente Bernard J Tyson School Of Medicine Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kaiser Permanente Bernard J Tyson School Of Medicine 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: $32,328,232
For more financial information, click here
Official website here: www.medschool.kp.org/
What is the mission statement of Kaiser Permanente Bernard J Tyson School Of Medicine Inc?
The Kaiser Permanente Bernard J Tyson School of Medicine Inc is dedicated to delivering a top-tier medical education that inspires a strong desire to learn, a commitment to serving, and an unwavering focus on enhancing the health and well-being of patients and communities. The institution is committed to incorporating advanced health information technology and recognizing the importance of collaboration. It strives for diversity and inclusion to ensure health equity. In a significant move, the school has waived tuition for the entering classes of 2020-2024, a decision that amounts to approximately $6.1 million and $3.8 million in tuition waivers for the years ended December 31, 2022, and 2021, respectively. The school's efforts to promote diversity were reflected in the admission of a diverse group of students to its third cohort. The institution continues to provide substantial institutional grant aid to help students cover living expenses and has been granted provisional accreditation by the Liaison Committee on Medical Education (LCME).
Official website here: www.medschool.kp.org/
Who is the CEO of Kaiser Permanente Bernard J Tyson School Of Medicine Inc?
Mark A Schuster is the Principal Officer of Kaiser Permanente Bernard J Tyson School Of Medicine Inc. The CEO's salary of Kaiser Permanente Bernard J Tyson School Of Medicine Inc is $0 and their total compensation is $1,559,781.
Official website here: www.medschool.kp.org/
What is the revenue of Kaiser Permanente Bernard J Tyson School Of Medicine Inc?
Kaiser Permanente Bernard J Tyson School Of Medicine Inc's revenue in 2022 was $107,880,619.
Official website here: www.medschool.kp.org/
Who are the executives of Kaiser Permanente Bernard J Tyson School Of Medicine Inc and what are their salaries?
There 13 volunteers at Kaiser Permanente Bernard J Tyson School Of Medicine Inc.
Here are 29 key members and their salaries (Kaiser Permanente Bernard J Tyson School Of Medicine Inc's CEO's salary is $0 and their total compensation is $1,559,781):
- Compensation: $0
- Related: $5,101,508
- Other: $61,868
- Compensation: $0
- Related: $2,797,405
- Other: -$265,420
- Compensation: $0
- Related: $1,466,903
- Other: $207,776
- Compensation: $0
- Related: $1,405,095
- Other: $154,686
- Compensation: $0
- Related: $1,227,452
- Other: $326,409
- Compensation: $0
- Related: $1,614,705
- Other: -$90,086
- Compensation: $0
- Related: $882,623
- Other: $74,888
- Compensation: $0
- Related: $781,670
- Other: $124,679
- Compensation: $0
- Related: $799,616
- Other: -$3,936
- Compensation: $0
- Related: $627,175
- Other: $109,501
- Compensation: $0
- Related: $479,497
- Other: $83,578
- Compensation: $0
- Related: $489,733
- Other: $65,236
- Compensation: $0
- Related: $503,082
- Other: $51,451
- Compensation: $0
- Related: $471,975
- Other: -$113,514
- Compensation: $0
- Related: $329,383
- Other: $12,326
- Compensation: $0
- Related: $196,255
- Other: -$24,125
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.medschool.kp.org/
Where can I find the form 990 for Kaiser Permanente Bernard J Tyson School Of Medicine Inc?
Kaiser Permanente Bernard J Tyson School Of Medicine Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medschool.kp.org/
Learn more at the official website: www.medschool.kp.org/
Mission Statement of Kaiser Permanente Bernard J Tyson School Of Medicine Inc
Kaiser Permanente Bernard J Tyson School of Medicine Inc is dedicated to delivering a world-class medical education that ignites a passion for learning, fosters a desire to serve, and instills a commitment to improving the health and well-being of patients and communities. The organization's mission is geared towards providing an advanced educational experience, recognizing the significance of collaboration, and promoting diversity and inclusion to ensure health equity.
Through its innovative approach, the medical school, which has its home in Southern California, is committed to incorporating advanced health information technology into its curriculum. This integration reflects the organization's understanding of the importance of utilizing technology in the field of medicine. In addition, Kaiser Permanente Bernard J Tyson School of Medicine Inc acknowledges the power of collaboration, believing that by working together, they can effectively address the complex challenges in healthcare and contribute to meaningful improvements in patient care.
To further solidify its commitment to its mission, the organization has waived tuition for the entering classes of 2020 to 2024. This waiver, applied to each class for their four years of enrollment, amounts to a significant reduction in revenue for the school. For the years ended December 31, 2022 and 2021, the total amount of tuition waived was approximately $6.1 million and $3.8 million, respectively. Despite the financial implications, the school remains steadfast in its dedication to providing a quality education and reducing financial barriers to entry for prospective students.
Kaiser Permanente Bernard J Tyson School of Medicine Inc has consistently demonstrated its commitment to its mission by admitting a diverse group of students to its third cohort. The student body comprises 46% of individuals who are underrepresented in medicine, 30% of disadvantaged students, 22% of nontraditional students, and 16% of first-generation students. The school's commitment to diversity extends beyond its student body, as it continues to provide substantial institutional grant aid to help offset living expenses such as room and board and transportation. In October 2022, the organization was granted provisional accreditation by the Liaison Committee on Medical Education (LCME), marking a significant milestone in the path towards full accreditation.
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Impact
October, 2024
Kaiser Permanente Bernard J. Tyson School of Medicine Inc. significantly impacts medical education and healthcare accessibility in Southern California by providing a world-class medical education that fosters a passion for learning, a commitment to service, and a dedication to improving community health. The school emphasizes advanced health information technology, collaboration, and promoting diversity and inclusion, aiming to deliver health equity.
A notable aspect of its impact is the tuition waiver program, which benefits the first five cohorts of students, making medical education more accessible. The school has waived approximately $6.1 million in tuition for the 2022 cohort alone and continues to offset living expenses through institutional grant aid. This initiative alleviates financial barriers for students, allowing them to focus on their medical training without the burden of tuition costs.
Moreover, the school’s commitment to diversity is evident in its recently admitted cohorts, with a significant portion of students coming from underrepresented backgrounds, socioeconomically disadvantaged situations, and nontraditional paths. This approach not only enriches the educational environment but also cultivates a future healthcare workforce that reflects the communities they serve.
Achieving provisional accreditation from the Liaison Committee on Medical Education (LCME) in October 2022 marks a significant milestone for the school. This accreditation process underscores the quality of its educational programs and enhances its legitimacy and attractiveness to prospective students.
In summary, Kaiser Permanente Bernard J. Tyson School of Medicine Inc. is making strides in transforming medical education, enhancing health equity, and fostering a diverse and inclusive healthcare workforce, profoundly impacting the regions and communities it serves.
This information is meant to be a general summary of Kaiser Permanente Bernard J Tyson School Of Medicine 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: $820,371
- Program Service Revenue: $694,508
- Gross Receipts: $127,652,024
Assets and Liabilities:
- Total Assets: $112,506,655
- Total Liabilities: $59,367,239
- Net Assets: $53,139,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT APPLICATION FEES
Revenue
$283,250
OTHER PROGRAM SERVICES
Revenue
$411,258
Organization Details
Founding Year
2016
Phone
(510) 271-6611Principal Officer
Mark A Schuster
Main Address
ONE KAISER PLAZA - 26TH FLOOR, OAKLAND, CA, 94612
Website
www.medschool.kp.org/NTEE Category
Code: B50 - Education
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