Overview
What is Medical Affairs Professional Society?
The Medical Affairs Professional Society (MAPS) is a nonprofit organization based in Golden, Colorado, specifically at 602 Park Point Drive 225. Its primary mission is to advance the medical affairs profession and amplify its impact within the biopharmaceutical and device industry. MAPS accomplishes this by advocating for excellence in medical affairs functions, developing industry guidelines, fostering advocacy for the profession, and building capabilities to support its practice. They achieve this through annual meetings, offering educational workshops, expert panel discussions, networking opportunities, and a dedicated field medical program, where leaders and professionals can share best practices and upskill in key functional areas. The organization has a workforce of 15 dedicated individuals.
Official website here: www.medicalaffairs.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
The Medical Affairs Professional Society has received a solid Three-Star rating from Charity Navigator, indicating a favorable level of accountability and financial health. An 81% score reflects strong organizational practices, particularly in governance, as evidenced by its 92% independent board members and comprehensive policies for conflict of interest and whistleblower protection.
The organization's financial metrics are also commendable, with a program expense ratio of 71.39%, signifying that a significant portion of its resources is allocated towards its mission-driven programs. Furthermore, the absence of material diversion of assets adds to its credibility, showcasing a commitment to ethical financial practices.
However, while the overall score is positive, there are areas where the organization could work on improving its transparency and communication. Continued efforts to strengthen public engagement and enhance visibility could further bolster trust and support within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Affairs Professional Society legitimate?
Medical Affairs Professional Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Affairs Professional Society 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: $347,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,399,213
For more financial information, click here
Official website here: www.medicalaffairs.org/
What is the mission statement of Medical Affairs Professional Society?
The Medical Affairs Professional Society aims to enhance the medical affairs profession and amplify its influence within the biopharmaceutical and device industry. They strive to promote excellence across various medical affairs functions, develop guidelines that uphold industry standards and best practices, advocate for the medical affairs profession, and foster a platform that bolsters the practice of medical affairs. The society is committed to building capabilities within the field and providing a supportive environment for its practitioners.
Official website here: www.medicalaffairs.org/
Who is the CEO of Medical Affairs Professional Society?
Travis Hege is the Ceo of Medical Affairs Professional Society. The CEO's salary of Medical Affairs Professional Society is $334,688 and their total compensation is $347,255.
Official website here: www.medicalaffairs.org/
What is the revenue of Medical Affairs Professional Society?
Medical Affairs Professional Society's revenue in 2022 was $5,289,613.
Official website here: www.medicalaffairs.org/
Who are the executives of Medical Affairs Professional Society and what are their salaries?
The average compensation at Medical Affairs Professional Society during 2022 was $116,431. There are 15 employees and 225 volunteers at Medical Affairs Professional Society.
Here are 18 key members and their salaries (Medical Affairs Professional Society's CEO's salary is $334,688 and their total compensation is $347,255):
- Compensation: $334,688
- Related: $0
- Other: $12,567
- Compensation: $0
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- Other: $0
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- Compensation: $134,228
- Related: $0
- Other: $10,255
- Compensation: $113,500
- Related: $0
- Other: $7,619
- Compensation: $104,601
- Related: $0
- Other: $12,424
- Compensation: $121,786
- Related: $0
- Other: $6,464
Official website here: www.medicalaffairs.org/
Where can I find the form 990 for Medical Affairs Professional Society?
Medical Affairs Professional Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medicalaffairs.org/
Learn more at the official website: www.medicalaffairs.org/
Mission Statement of Medical Affairs Professional Society
The Medical Affairs Professional Society, abbreviated as MAPS, is committed to enhancing the role and influence of the medical affairs profession within the biopharmaceutical and device industry. To achieve this, MAPS engages in four key activities. Firstly, it strives to promote excellence across various medical affairs functions, ensuring that the industry adheres to high standards and best practices. Secondly, the organization develops guidelines to support industry standards, providing a framework for best practices within medical affairs.
Thirdly, MAPS advocates for the medical affairs profession, fostering recognition and support for this vital sector within the industry. Lastly, the society works to build capabilities and offers a platform that supports the practice of medical affairs, empowering professionals in this field. In essence, MAPS seeks to elevate the medical affairs profession by championing excellence, developing guidelines, advocating for recognition, and offering a supportive platform for its practitioners.
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Impact
July, 2024
The Medical Affairs Professional Society plays a crucial role in advancing the medical affairs profession and enhancing its influence within the biopharmaceutical and device industry. By promoting excellence in medical affairs functions, developing guidelines for industry standards, fostering advocacy for the profession, and providing a platform for skill-building and practice support, MAPS is instrumental in elevating the capabilities and impact of medical affairs professionals globally. The organization's flagship event, the MAPS Global Annual Meeting, brings together leaders and practitioners from around the world to share best practices, participate in educational workshops, engage in expert panel discussions, and network effectively. Through these efforts, MAPS is actively shaping the future of medical affairs and contributing to the overall improvement of healthcare outcomes.
This information is meant to be a general summary of Medical Affairs Professional Society. 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: $5,163,211
- Gross Receipts: $5,289,613
Assets and Liabilities:
- Total Assets: $1,616,337
- Total Liabilities: $380,155
- Net Assets: $1,236,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$2,452,367
CONFERENCES
Revenue
$1,858,763
EXHIBITS
Revenue
$852,081
Organization Details
Founding Year
2017
Phone
(303) 495-2073Principal Officer
Travis Hege
Main Address
602 PARK POINT DRIVE 225, GOLDEN, CO, 80401
Website
www.medicalaffairs.org/NTEE Category
Code: E03 - Health
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