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Religion : Religious Activities (Grantmaking)

Project MedSend

Repaying educational loans for healthcare workers as they minister among the underserved

three stars

88.04

999 Oronoque Lane Stratford, CT 06614
tel: (203) 891-8223   Web Site
EIN: 75-2470543

Board Leadership
Douglas A. Drevets
Chairman

CEO
Rick Allen
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 88.04 three stars
  Financial 83.10 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

Project MedSend offers student loan repayment grants to healthcare professionals who are headed for career medical missions service under the authority of a recognized missions sending agency -- a MedSend Associate. We also develop funding to repay educational loans for healthcare workers as they minister among the underserved at home and abroad. Project MedSend offers financial counsel to help keep educational borrowing to a minimum. Project MedSend was formed at the request of the missionary members of the House of Delegates of Christian Medical & Dental Associations. Many were having difficulty recruiting replacements and coworkers because of the high cost of health care education.

Project MedSend offers student loan repayment grants to healthcare professionals who are headed for career medical missions service under the authority of a recognized missions sending agency -- a MedSend Associate. We also develop funding to repay educational loans for healthcare workers as they minister among the underserved at home and abroad. Project MedSend offers financial counsel to help keep educational borrowing to a minimum. Project MedSend was formed at the request of the missionary members of the House of Delegates of Christian Medical & Dental Associations. Many were having difficulty recruiting replacements and coworkers because of the high cost of health care education.

Impact Information

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Reported Results
Total in 2018
Number of Nationals program grants currently being paid
15
Number of International program grants currently being paid
178
Percentage of current grant recipients who serve in high security areas.
43
This impact information is current as of November 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

83.10

Accountability & Transparency

four stars

100.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
72.6%
  Administrative Expenses 7.9%
  Fundraising Expenses 19.3%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 0.77
  Program Expenses Growth 7.1%
  Liabilities to Assets 2.3%
All data for Financial Performance Metrics calculations was provided by Project MedSend on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Project MedSend on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Project MedSend (CT) 88.04 three stars
Forward Edge International (WA) 85.12 three stars
Edify (CA) 91.14 four stars
Open Doors USA (CA) 87.35 three stars
Catholic Near East Welfare Association (CNEWA) (NY) 95.54 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,824,702
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,824,702
   Program Service Revenue $0
Total Primary Revenue $2,824,702
   Other Revenue $33,021
TOTAL REVENUE $2,857,723
   
EXPENSES  
   Program Expenses $2,037,499
   Administrative Expenses $208,730
   Fundraising Expenses $561,379
TOTAL FUNCTIONAL EXPENSES $2,807,608
   
Payments to Affiliates $0
Excess (or Deficit) for the year $50,115
   
Net Assets $2,008,521

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Educational Loans Repayment for Healthcare Workers $1,666,261 81.8%
Educational Expenses Related to Medical Residency Programs $371,238 18.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 09/03/2019 88.04 three stars
2017-06 07/01/2018 88.53 three stars
2016-06 09/01/2017 85.60 three stars
2015-06 08/01/2016 85.93 three stars
2014-06 06/01/2016 80.78 three stars
 
CN 2.0
2014-06 11/01/2015 84.64 three stars
2013-06 09/01/2014 75.18 two stars
2012-06 07/01/2013 76.36 two stars
2011-06 05/01/2012 84.70 three stars
2010-06 09/20/2011 84.47 three stars
 
CN 1.0
2010-06 07/01/2011 75.64 two stars
2009-06 11/24/2010 75.79 two stars
2008-06 05/01/2009 89.09 three stars
2007-06 03/01/2008 92.45 four stars
2006-06 02/01/2007 92.57 four stars
2005-06 04/01/2006 86.36 three stars
2003-06 10/01/2004 82.42 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 75-2470543
Name in IRS Master File PROJECT MEDSEND
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (29) Other religious activities
(602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 1993
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$121,023 4.31% Richard Allen President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Project MedSend (CT) 88.04 three stars
New Mission Systems International (FL) 91.36 four stars
Paraclete Mission Group (CO) 94.96 four stars
The Mailbox Club (GA) 93.91 four stars
Four Corners Ministries (AL) 88.15 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Project MedSend
999 Oronoque Lane
Stratford, CT 06614
tel: (203) 891-8223
fax: (203) 891-0569
EIN: 75-2470543

Visit Web Site

Board Leadership

Douglas A. Drevets
Chairman

CEO

Rick Allen
President, CEO

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