Overview
What is Pee Dee Medical & Health Sciences Education Consortium?
The Pee Dee Medical & Health Sciences Education Consortium is a nonprofit organization situated in Florence, South Carolina. Its primary mission is to promote and expand healthcare education programs in the northeastern quadrant of South Carolina. During the fiscal year 2023, the consortium supported five applications for funding related to graduate medical education, undergraduate medical education, or graduate health sciences education programs in the Pee Dee area. The consortium also commissioned a feasibility study for McLeod Regional Medical Center, highlighting potential opportunities for medical residencies and fellowships in Florence or at McLeod's Seacoast Hospital System. Further, the consortium provided funding for the initial development year of new family medicine and internal medicine residency programs at Medical University Hospital Authority's Florence, SC campus. Due to recruitment challenges, the family medicine residency program experienced delays, with the program director and first resident cohort expected to start respectively in September 2023 and July 2025. The internal medicine residency program, on the other hand, is progressing ahead of schedule. Additionally, the consortium allotted partial funding for a full-time associate dean position at the USC School of Medicine's Florence campus, scheduled for release in FY2024. The consortium is also financing a phase II feasibility study for McLeod Regional Medical Center to plan new graduate medical education programs, scheduled for release in FY2024.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Pee Dee Medical & Health Sciences Education Consortium has received a low rating of 57%, which reflects concerns regarding its overall accountability and financial performance. Despite this low score, the organization demonstrates strengths in governance, with 100% of its board members being independent and a strong conflict of interest policy in place. The organization also effectively documents board meeting minutes and has no recorded material diversion of assets.
On the financial side, the program expense ratio stands at 59.12%, indicating that just over half of its expenditures go directly toward its programs. While the organization maintains a healthy liabilities to assets ratio of 0.21%, suggesting good financial health, the overall low score reveals areas needing significant improvement, particularly in transparency and effective allocation of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Pee Dee Medical & Health Sciences Education Consortium legitimate?
Pee Dee Medical & Health Sciences Education Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pee Dee Medical & Health Sciences Education Consortium 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: $224,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pee Dee Medical & Health Sciences Education Consortium?
The Pee Dee Medical & Health Sciences Education Consortium aims to advance health care education programs with the goal of increasing the presence and scope of health care providers. During the fiscal year 2023, the consortium approved funding for graduate medical, undergraduate medical, and graduate health sciences education programs. A feasibility study conducted by German Solutions suggested opportunities for graduate medical education expansion through residencies and fellowships. The consortium also provided funding for the initial development of new family medicine and internal medicine residency programs, with the internal medicine residency program currently progressing ahead of schedule. The family medicine residency program, however, experienced delays due to difficulties in recruiting an experienced program director. The consortium also allocated funding for partial compensation and benefits costs for a full-time associate dean and a phase II feasibility study for planning new graduate medical education programs.
Who is the CEO of Pee Dee Medical & Health Sciences Education Consortium?
Luther F Carter is the Member of Pee Dee Medical & Health Sciences Education Consortium.
What is the revenue of Pee Dee Medical & Health Sciences Education Consortium?
Pee Dee Medical & Health Sciences Education Consortium's revenue in 2023 was $1,355,641.
Who are the executives of Pee Dee Medical & Health Sciences Education Consortium and what are their salaries?
There 9 volunteers at Pee Dee Medical & Health Sciences Education Consortium.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $162,917
- Related: $0
- Other: $61,101
Where can I find the form 990 for Pee Dee Medical & Health Sciences Education Consortium?
Pee Dee Medical & Health Sciences Education Consortium's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pee Dee Medical & Health Sciences Education Consortium
The Pee Dee Medical & Health Sciences Education Consortium is dedicated to advancing healthcare education programs with the ultimate goal of expanding the presence and scope of healthcare providers in the northeastern quadrant of South Carolina. The consortium aims to foster a robust healthcare infrastructure by supporting graduate medical education (GME), undergraduate medical education (UME), and graduate health sciences education (GHS) programs within the Pee Dee area. This commitment to education is instrumental in cultivating a robust pool of healthcare professionals, thereby addressing the region's healthcare needs more effectively.
During the fiscal year 2023, the consortium demonstrated its commitment by approving five applications for funding support in various healthcare education programs. One such initiative involved a feasibility study conducted by Germane Solutions for McLeod Regional Medical Center, which identified several opportunities for GME expansion through medical residencies and fellowships in Florence or McLeod's Seacoast Hospital System. The consortium also secured funding for the initial development year of new family medicine and internal medicine residency programs at Medical University Hospital Authority's Florence, SC campus. The internal medicine residency program is progressing well, with key leadership staff hired, essential faculty engaged, and interviews for residents scheduled for September 2023, with the first residents expected to begin in the summer of 2024.
The family medicine residency program faced delays due to difficulty in recruiting an experienced program director, but the consortium anticipates having the program director in place by September 2023. Once the program director is on board, the ACGME application will be completed by February 2024, followed by resident recruitment in fall 2024, and the first resident cohort starting in July 2025. Additionally, the consortium has secured partial funding for the compensation and benefit costs for the full-time associate dean of the Florence campus for the USC School of Medicine, with the funding to be released in FY2024. The consortium has also allocated funds for a phase II feasibility study conducted by Germane Solutions for McLeod Regional Medical Center related to the planning of new GME programs, with funding set to be released in FY2024.
In summary, the Pee Dee Medical & Health Sciences Education Consortium is an organization that invests in healthcare education programs to foster a robust healthcare infrastructure in the northeastern quadrant of South Carolina. By supporting GME, UME, and GHS programs, the consortium aims to expand the presence and scope of healthcare providers in the region, thereby addressing the healthcare needs more effectively. The consortium's initiatives, including the approval of funding for various healthcare education programs and the support of new residency programs, demonstrate its commitment to advancing healthcare education in the region.
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Impact
July, 2024
Pee Dee Medical & Health Sciences Education Consortium's impact can be seen in the advancement of health care education programs within the northeastern quadrant of South Carolina. By accepting and approving applications for funding support related to graduate medical education, undergraduate medical education, and graduate health sciences education, the Consortium is directly contributing to the expansion of the presence and scope of healthcare providers in the region.
Specific initiatives include conducting a GME feasibility study for McLeod Regional Medical Center, funding the development of new family medicine and internal medicine residency programs, and supporting the compensation and benefit costs for key leadership staff in the area. These efforts aim to address the need for more healthcare professionals in the Pee Dee area and enhance the quality of healthcare services available to the community.
Through its various projects and investments, Pee Dee Medical & Health Sciences Education Consortium is playing a crucial role in shaping the future of healthcare education in the region and ultimately improving healthcare outcomes for the residents of northeastern South Carolina.
This information is meant to be a general summary of Pee Dee Medical & Health Sciences Education Consortium. 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 2023.
- Investment Income: $218,525
- Gross Receipts: $1,355,641
Assets and Liabilities:
- Total Assets: $9,898,892
- Total Liabilities: $21,643
- Net Assets: $9,877,249
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Organization Details
Founding Year
2020
Phone
(843) 661-1413Principal Officer
Luther F Carter
Main Address
PO BOX 100547, FLORENCE, SC, 29502
NTEE Category
Code: B99 - Education
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