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Religion : Religious Activities (Grantmaking)

Project MedSend

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

three stars

85.60

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

Board Leadership
Douglas A. Drevets
Chairman

CEO
Richard C. Allen
CEO/President

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 85.60 three stars
  Financial 80.88 three stars
  Accountability & Transparency 93.00 four stars
This rating was published 09/01/2017 and includes data from FY2016, 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.

Results Information

Reported Results
Total in 2016
Number of Nationals program grants currently being paid
15
Number of International program grants currently being paid
185
Percentage of current grant recipients who serve in high security areas.
43
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This results data is current as of November 2017, when it was provided to us by GuideStar. Results information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

Financial

three stars

80.88

Accountability & Transparency

four stars

93.00

This rating was published 09/01/2017 and includes data from FY2016, 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)
70.6%
  Administrative Expenses 9.0%
  Fundraising Expenses 20.3%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 0.64
  Program Expenses Growth 19.5%
  Liabilities to Assets 2.5%
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) 85.60 three stars
Kingdom Workers (WI) 88.04 three stars
Resourcing Christian Education International (IL) 93.60 four stars
Solid Rock International (IN) 96.46 four stars
The Outreach Foundation (TN) 93.06 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,399,469
   Federated Campaigns $2,563
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,402,032
   Program Service Revenue $0
Total Primary Revenue $2,402,032
   Other Revenue $12,025
TOTAL REVENUE $2,414,057
   
EXPENSES  
   Program Expenses $1,809,565
   Administrative Expenses $206,707
   Fundraising Expenses $467,404
TOTAL FUNCTIONAL EXPENSES $2,483,676
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-69,619
   
Net Assets $1,472,818

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 $1,499,907 82.9%
Education to Prepare Healthcare Workers for Service $309,658 17.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

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

Compensation % of Expenses Paid to Title
$139,114 5.60% Richard Allen President

Highly Rated

Charity Name & State Overall Score Overall Rating
Project MedSend (CT) 85.60 three stars
Bright Hope International (IL) 92.38 four stars
Asian Access (CA) 89.86 three stars
International Leadership Institute (GA) 94.27 four stars
Heaven's Family (PA) 98.23 four 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

Richard C. Allen
CEO/President

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