Overview
What is Elevatemed Inc?
Elevatemed Inc is a 501C3 nonprofit organization situated in Scottsdale, Arizona. With a commitment to addressing health disparities, Elevatemed aims to bolster the physician workforce by providing scholarships, mentorship, and support to medical students from underrepresented racial and ethnic backgrounds, such as African-American/Black, Latino, and Native American. By prioritizing physician workforce diversity, Elevatemed aims to close the financial gap in medical education and foster the next generation of physician leaders. Their multifaceted program, the Elevatemed Scholars Program, encompasses scholarship, mentorship, leadership development, financial wellness education, and peer networking. The overall goal is to empower and uplift underrepresented medical students, thereby contributing to a more diverse and inclusive healthcare system.
Official website here: www.elevatemed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Elevatemed Inc has earned a respectable 82% score from Charity Navigator, reflecting its solid performance in accountability and finance as well as culture and community. The organization’s high marks in various categories indicate a well-governed structure with an entirely independent board of directors and strong financial practices, including a program expense ratio of over 84%, which suggests a focus on its mission-driven activities.
The charity demonstrates excellent governance practices, with policies in place for conflict of interest and whistleblower protections. Its commitment to transparency is further highlighted by the proper documentation and retention policies, alongside consistently published board meeting minutes. The organization has taken significant steps to implement equity practices, scoring 89 out of 100 in equity strategies, which showcases its dedication to inclusivity and fairness within its operations.
While the organization performs well in most areas, users might consider looking into specific operational aspects or program outcomes to further understand how its initiatives translate into community impact. Nevertheless, Elevatemed Inc's strong commitment to accountability and finance, coupled with a focus on culture, positions it as a trustworthy nonprofit in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Elevatemed Inc legitimate?
Elevatemed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevatemed 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:
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Professional Fundraising Fees: $4,442
Other Salaries and Wages: $0
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Official website here: www.elevatemed.org
What is the mission statement of Elevatemed Inc?
Elevatemed Inc's mission is centered around providing financial assistance and mentorship to medical students from racial and ethnic backgrounds that have been historically underrepresented in the medical field. This nonprofit organization aims to elevate medicine by offering scholarships, mentorship, and support to students from African-American/Black, Latino, and Native American backgrounds. Enhancing physician workforce diversity is a crucial step in combating health disparities. Elevatemed prioritizes this diversity, addresses financial inequities in medical education, and supports the next generation of physician leaders through its comprehensive Scholars Program, encompassing scholarship, mentorship, leadership development, financial wellness education, and peer networking.
Official website here: www.elevatemed.org
Who is the CEO of Elevatemed Inc?
Dr Alyx Porter Umphrey is the Exec Director Board Chair of Elevatemed Inc.
Official website here: www.elevatemed.org
What is the revenue of Elevatemed Inc?
Elevatemed Inc's revenue in 2022 was $512,935.
Official website here: www.elevatemed.org
Who are the executives of Elevatemed Inc and what are their salaries?
There 15 volunteers at Elevatemed Inc.
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Official website here: www.elevatemed.org
Where can I find the form 990 for Elevatemed Inc?
Elevatemed Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elevatemed.org
Learn more at the official website: www.elevatemed.org
Mission Statement of Elevatemed Inc
Elevatemed Inc, a 501C3 nonprofit organization, is dedicated to elevating the field of medicine by offering financial assistance and mentorship to medical students from racial and ethnic backgrounds traditionally underrepresented in the medical field. This mission is driven by the recognition that improving physician workforce diversity is a crucial step in addressing health disparities. Elevatemed Inc prioritizes this objective, aiming to bridge the financial inequality gap in medical education and support the next generation of diverse physician leaders.
The Elevatemed Scholars Program, a multifaceted initiative by Elevatemed Inc, encompasses five key areas: scholarship, mentorship, leadership development, financial wellness education, and peer networking. Through this program, the nonprofit organization aims to nurture and empower medical students from African-American/Black, Latino, and Native American backgrounds. By providing both monetary support and mentorship, Elevatemed Inc is committed to fostering a more diverse and inclusive medical profession, ultimately contributing to improved health outcomes for underrepresented communities.
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Impact
July, 2024
Elevatemed Inc is making a significant impact by providing essential financial assistance and mentorship to medical students from racial and ethnic backgrounds traditionally underrepresented in medicine. By offering scholarships, mentorship, leadership development, financial wellness education, and peer networking opportunities through the ElevateMed Scholars Program, the organization is actively working to address the critical issue of physician workforce diversity. This targeted support not only helps in closing the gap of financial inequity in medical education but also cultivates the next generation of physician leaders from African-American/Black, Latinx, and Native American backgrounds. Elevatemed's commitment to prioritizing diversity in the physician workforce is a tangible solution in the fight against health disparities, ultimately contributing to a more inclusive and equitable healthcare system.
This information is meant to be a general summary of Elevatemed 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: $60
- Gross Receipts: $689,551
Assets and Liabilities:
- Total Assets: $637,593
- Total Liabilities: $0
- Net Assets: $637,593
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Organization Details
Founding Year
2018
Phone
(480) 269-5774Principal Officer
Dr Alyx Porter Umphrey
Main Address
12622 N 56TH PLACE, SCOTTSDALE, AZ, 85254
Website
www.elevatemed.orgNTEE Category
Code: B12 - Education
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