Overview
What is Fresenius Medical Care Foundation Inc?
Fresenius Medical Care Foundation Inc, situated in Waltham, Massachusetts, is a nonprofit organization dedicated to enhancing lives by raising awareness of kidney disease and propelling the advancement of life-saving solutions. They strive to ensure that every eligible individual who requires a kidney transplant and can receive one, does so. This is achieved through their Transplant Fund, which covers in-kind salaries and professional services, although these expenses are not reflected in their program expenses. Additionally, the foundation has a Cares Fund, which supports eligible employees facing unforeseen emergency situations.
Official website here: www.fmcna.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Fresenius Medical Care Foundation Inc has achieved an 81% overall score from Charity Navigator, earning a Three-Star rating primarily based on its Accountability & Finance metrics. This score reflects a strong commitment to transparency and sound financial practices, which are critical for donor confidence and organizational integrity. The assessment notes a perfect score in several areas, including financial statements and conflict of interest policies, suggesting a robust governance framework.
The foundation excels with a Program Expense Ratio of 88.51%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. The organization also maintains low liabilities relative to its assets, underscoring a stable financial position. These strengths suggest that the foundation is effectively utilizing its resources to further its mission.
However, while the overall rating is positive, it is important for potential donors or supporters to consider that the score is derived solely from the Accountability & Finance beacon, with no ratings provided for other areas such as Impact & Results or Leadership & Adaptability. This single-focus evaluation means that while financial responsibility is assured, further insights into the foundation's overall effectiveness may be needed for a comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Fresenius Medical Care Foundation Inc legitimate?
Fresenius Medical Care Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fresenius Medical Care Foundation 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: $0
For more financial information, click here
Official website here: www.fmcna.com/foundation
What is the mission statement of Fresenius Medical Care Foundation Inc?
The Fresenius Medical Care Foundation Inc's mission is centered around improving lives by raising awareness of kidney disease and fostering the advancement of life-saving solutions. Additionally, they have an initiative called the CARES Fund, which provides support to eligible employees experiencing unforeseen emergency situations. Furthermore, the foundation has a Transplant Fund aimed at ensuring that individuals who require a kidney transplant and are capable of receiving one, actually do so. In 2022, the Transplant Fund provided $30,625 worth of in-kind salaries and professional services, which are not reflected in the program expenses.
Official website here: www.fmcna.com/foundation
Who is the CEO of Fresenius Medical Care Foundation Inc?
Kim Sonnen is the Board Chair of Fresenius Medical Care Foundation Inc.
Official website here: www.fmcna.com/foundation
What is the revenue of Fresenius Medical Care Foundation Inc?
Fresenius Medical Care Foundation Inc's revenue in 2022 was $767,367.
Official website here: www.fmcna.com/foundation
Who are the executives of Fresenius Medical Care Foundation Inc and what are their salaries?
There 4 volunteers at Fresenius Medical Care Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $8,062
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,396
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $277
- Other: $0
- Compensation: $0
- Related: $7,164
- Other: $0
- Compensation: $0
- Related: $1,558
- Other: $0
Official website here: www.fmcna.com/foundation
Where can I find the form 990 for Fresenius Medical Care Foundation Inc?
Fresenius Medical Care Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmcna.com/foundation
Learn more at the official website: www.fmcna.com/foundation
Mission Statement of Fresenius Medical Care Foundation Inc
Fresenius Medical Care Foundation Inc is committed to improving lives by raising awareness of kidney disease and fostering the advancement of life-saving solutions. Beyond this, the foundation has an additional initiative called the CARES Fund, which aims to support eligible employees who are impacted by unforeseen emergency situations. In essence, the mission of Fresenius Medical Care Foundation Inc encompasses both promoting awareness and action towards kidney disease, as well as offering assistance to employees in need.
As part of its kidney disease awareness and advancement efforts, Fresenius Medical Care Foundation Inc has a Transplant Fund. This fund's objective is to ensure that individuals who require a kidney transplant and are eligible to receive one, indeed do so. In 2022, the Transplant Fund contributed $30,625 worth of in-kind salaries and professional services to this cause, although these expenses are not reflected in the overall program expenses. This aspect of the foundation's mission demonstrates its dedication to providing concrete support for those in need of kidney transplants.
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Impact
July, 2024
Fresenius Medical Care Foundation Inc's impact lies in improving lives by raising awareness of kidney disease and advancing life-saving solutions. Additionally, through their CARES fund, they provide support to eligible employees facing unforeseen emergency situations. One key initiative is their Transplant Fund, which aims to ensure that everyone in need of a kidney transplant can receive one. In 2022, the Transplant Fund allocated $30,625 towards in-kind salaries and professional services, furthering their mission. This organization based in Waltham, MA, focuses on human services related to kidney health and employee well-being.
This information is meant to be a general summary of Fresenius Medical Care Foundation 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: $15,716
- Gross Receipts: $767,367
Assets and Liabilities:
- Total Assets: $1,788,352
- Total Liabilities: $237,237
- Net Assets: $1,551,115
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Organization Details
Founding Year
2018
Phone
(781) 699-9000Principal Officer
Kim Sonnen
Main Address
920 WINTER STREET, WALTHAM, MA, 02451
Website
www.fmcna.com/foundationNTEE Category
Code: P20 - Human services
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