The University Of Santo Tomas Medical Alumni Foundation

Organization Overview

The University Of Santo Tomas Medical Alumni Foundation is located in West Bloomfield, MI. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Santo Tomas Medical Alumni Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, University Of Santo Tomas Medical Alumni Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $154.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE, MANAGE AND ACCUMULATE FUNDS TO BE DISBURSED FOR THE SUPPORT OF THE UNIVERSITY OF SANTO TOMAS AND INDIGENT COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

ST. DOMINICK'S SCHOLARSHIP - TO PROVIDE FINANCIAL AID TO NEEDY MEDICAL STUDENTS AS DETERMINED BY THE FACULTY OF MEDICINE AND SURGERY AT THE UNIVERSITY OF SANTO TOMAS


PROGRAM TO SUPPORT GRANTS TO HEALTH CARE WORKERS AT UNIVERSITY OF SANTO TOMAS HOSPITAL DURING THE COVID PANDEMIC.


PROGRAM TO PROVIDE FINANCIAL SUPPORT FOR FUNDING OF MEDICAL RESEARCH


PROVIDE FINANCIAL SUPPORT FOR HAITI EARTHQUAKEPROVIDE SUPPORT OF COVID-19 PROJECTS IN PHILIPPINESPROVIDE COMMUNITY SUPPORT FOR CHRISTMAS PROGRAM


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Board, Officers & Key Employees

Name (title)Compensation
Toribio Flores MD
President
$0
Ferdinand Ramos MD
President-Elect
$0
MA Regina Flores MD
Auditor
$0
Zita B Yorro MD
Treasurer
$0
Aurora Gonzales MD
Public Relations Officer
$0
Stella Evangelista MD
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$798,036
Noncash contributions included in lines 1a–1f $33,520
Total Revenue from Contributions, Gifts, Grants & Similar$798,036
Total Program Service Revenue$0
Investment income $150,115
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $792,506
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,740,657

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The University Of Santo Tomas Medical Alumni Foundation has recieved totaling $18,500.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$8,500
View Grant Recipient Profile

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