Vellore Christian Medical College Foundation, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Vellore Christian Medical College Foundation, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Vellore CMC Foundation’s mission is serve in an ambassadorship role and to raise funds for the benefit of the Christian Medical College & Hospital in Vellore, India; tp support US-based CMC alumni and other medical scholars; and preserve the legacy of CMC Vellore founder, Dr. Ida S. Scudder.
Year, State Incorporated:
1948, NY
It strives to always foster mutually beneficial partnerships and drive transformational investments that fuel growth and healing. Our priorities fall into the following areas: Supporting Research at CMC. Supporting Advanced Education at CMC. Funding Major Capital Projects at CMC. Supporting Compassionate Care at CMC. Connecting CMC Alumni in North America with its Alma Mater and also with the global CMC community. Keeping the legacy of our founder, Dr. Ida S. Scudder alive and accessible to all. Providing sound Stewardship of donor funds and invested assets.
For the year ended December 31, 2022, Vellore Christian Medical College Foundation, Inc.'s program expenses were:
| Programs | $4,471,011 |
| Total Program Expenses | $4,471,011 |
Chair's Profession / Business Affiliation
Not disclosed
Board Size
26
Paid Staff Size
5
Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Grant proposals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Vellore Christian Medical College Foundation, Inc.'s audited financial statements for the year ended December 31, 2022.
Source of Funds
| Contributions | $3,998,680 |
| Government Grants | $635,868 |
| Investment Earnings | $343,752 |
| Special Events | $87,786 |
| Investment Loss | $-1,451,168 |
| Total Income | $3,614,918 |
Programs: 91% Fundraising: 4% Administrative: 5%
| Total Income | $3,614,918 |
| Total expenses: | $4,939,470 |
| Program expenses | $4,471,011 |
| Fundraising expenses | $220,889 |
| Administrative expenses | $247,570 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-1,324,552 |
| Beginning Net Assets | $11,114,243 |
| Other Changes In Net Assets | $-343,752 |
| Ending Net Assets | $9,445,939 |
| Total Liabilities | $289,559 |
| Total Assets | $9,735,498 |
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Foundation of Metropolitan New York