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Knoxville Academy Of Medicine Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621458199 ✦ Knoxville, TN ✦ Designated as a 501(c)(3)

Overview

What is Knoxville Academy Of Medicine Foundation?

The Knoxville Academy of Medicine Foundation is a nonprofit organization based in Knoxville, Tennessee. Its primary objective is to serve as a recipient for philanthropic support, including inter vivos gifts, testamentary bequests, and other donations. This support is used for maintaining, restoring, preserving, and enhancing professional and medical initiatives and programs, adhering to the Tennessee Nonprofit Corporation Act and relevant sections of the Internal Revenue Code. In the past, the foundation focused on providing flu shots to the Knoxville community, primarily funded by members of the academy and contributions from events. However, this program was discontinued and replaced with a new initiative to offer no-cost healthcare services to families who lack insurance and do not meet the eligibility criteria for the state's low-income insurance program. In the recent past year, the foundation has assisted over 4,500 individual patients through this program.


Is Knoxville Academy Of Medicine Foundation legitimate?

Knoxville Academy Of Medicine Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoxville Academy Of Medicine Foundation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $881,626

For more financial information, click here


What is the mission statement of Knoxville Academy Of Medicine Foundation?
Who is the CEO of Knoxville Academy Of Medicine Foundation?
What is the revenue of Knoxville Academy Of Medicine Foundation?
Who are the executives of Knoxville Academy Of Medicine Foundation and what are their salaries?
Where can I find the form 990 for Knoxville Academy Of Medicine Foundation?

Mission Statement of Knoxville Academy Of Medicine Foundation

The Knoxville Academy of Medicine Foundation is committed to providing no-cost healthcare services to families who lack insurance and do not qualify for their state's low-income insurance program. Established to serve as a recipient for philanthropic support, the foundation utilizes donations to fund various medical initiatives and programs that adhere to the provisions of the Tennessee Nonprofit Corporation Act and the Internal Revenue Code.

In the past, the foundation's primary focus was on offering flu shots to residents in the Knoxville area. Funding for this program largely came from the members of the Knoxville Academy and contributions collected during events, which were then donated to a local charity. However, this initiative was discontinued and replaced with a more comprehensive program, which now focuses on providing no-cost healthcare to families without insurance or eligibility for their state's low-income insurance program.

In the past year alone, the Knoxville Academy of Medicine Foundation has assisted over 4,500 individual patients through this program, demonstrating their dedication to enhancing the health and well-being of those in need. The foundation continues to seek philanthropic support to maintain, restore, preserve, and expand its healthcare initiatives, ensuring that families without insurance have access to essential medical services.

Impact

This information is meant to be a general summary of Knoxville Academy Of Medicine Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Knoxville Academy Of Medicine Foundation's impact is significant in providing no-cost health care to families without insurance who do not qualify for the state's low-income insurance program. In the past year alone, the foundation has assisted more than 4500 individual patients in the Knoxville area, addressing a critical need for medical services among underserved populations. Through their dedicated efforts, the foundation is making a tangible difference in the community by ensuring access to essential healthcare services for those who may otherwise go without.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $535
  • Program Service Revenue: $0
  • Gross Receipts: $2,194,717

    • Assets and Liabilities:
  • Total Assets: $2,306,293
  • Total Liabilities: $1,007,244
  • Net Assets: $1,299,049
  • Organization Details

    Founding Year

    1950

    Principal Officer

    Rosalind Cadigan Md

    Main Address

    9032 CROSS PARK DR, KNOXVILLE, TN, 37923

    NTEE Category

    Code: E31 - Health

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