Overview
What is Makenna Foundation Inc?
Makenna Foundation Inc, located in Lexington, Kentucky, is a dedicated nonprofit organization. Its primary mission is to offer financial support and essential equipment to hospitals that prioritize the care of children. In honor of Makenna David, the foundation aims to bring hope, joy, and courage to the children and families receiving aid from the compassionate professionals at the University of Kentucky Children's Hospital. The foundation contributes funds to the hospital for specialized projects and necessary equipment. By doing so, Makenna Foundation Inc plays a crucial role in enhancing the well-being of young patients and their families.
Official website here: www.makennafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Makenna Foundation Inc has received a rating of 43%, which translates to a Zero-Star out of Four Star rating, indicating significant concerns regarding its financial management and accountability practices. While the foundation boasts a fully independent board and no material diversion of assets, it has failed to meet several critical standards for transparency and operational effectiveness.
Key strengths include having 94% independent board members and maintaining proper documentation for board meeting minutes. However, the foundation lacks a whistleblower policy and a document retention policy, both of which are critical for ensuring ethical governance. Additionally, the charity's program expense ratio is notably low at 8.02%, suggesting that a minimal amount of its resources is being directed toward its stated mission.
The absence of a publicly available tax form on its website raises further questions about transparency. Overall, while the Makenna Foundation demonstrates some strengths in governance, its significant weaknesses in financial management and transparency may deter potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Makenna Foundation Inc legitimate?
Makenna Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Makenna Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.makennafoundation.org
What is the mission statement of Makenna Foundation Inc?
The Makenna Foundation Inc's mission is centered around providing support to hospitals that cater to children. This is done by offering funding and necessary equipment. The primary aim is to enhance the experiences and well-being of the children and their families who are under the care of these hospitals. In honor of Makenna David, the foundation provides financial assistance to the Kentucky Children's Hospital for special projects and required equipment. The mission of Makenna Foundation Inc is to bring hope, joy, and courage to the children and families who benefit from the compassionate services provided by the hospital's dedicated professionals.
Official website here: www.makennafoundation.org
Who is the CEO of Makenna Foundation Inc?
Sheila L David is the President of Makenna Foundation Inc.
Official website here: www.makennafoundation.org
What is the revenue of Makenna Foundation Inc?
Makenna Foundation Inc's revenue in 2022 was $28,507.
Official website here: www.makennafoundation.org
Who are the executives of Makenna Foundation Inc and what are their salaries?
There 17 volunteers at Makenna Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.makennafoundation.org
Where can I find the form 990 for Makenna Foundation Inc?
Makenna Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.makennafoundation.org
Learn more at the official website: www.makennafoundation.org
Mission Statement of Makenna Foundation Inc
Makenna Foundation Inc, established in honor of Makenna David, is committed to providing support to hospitals that cater to children's healthcare needs. The mission of this foundation is threefold. Firstly, it aims to fund special projects and acquire necessary equipment for these hospitals. Secondly, it seeks to uplift the spirits of the children and their families who are under the care of these hospitals' compassionate professionals. Lastly, the foundation's goal is to infuse hope, joy, and courage into the lives of these individuals during their challenging times. By doing so, Makenna Foundation Inc strives to make a significant difference in the lives of the children and families served by these hospitals. The foundation has shown its dedication to this cause by making donations to the University of Kentucky Children's Hospital and Children's Charity.
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Impact
August, 2024
Makenna Foundation Inc's impact can be seen in the tangible support they provide to hospitals caring for children. By funding essential equipment and projects at the University of Kentucky Children's Hospital, they directly benefit the children and families relying on these medical services. In honoring the life of Makenna David, the foundation embodies a mission to bring hope, joy, and courage to those facing health challenges. Their contributions not only enhance the capabilities of the hospital but also uplift the spirits of the individuals it serves.
This information is meant to be a general summary of Makenna Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $160
- Gross Receipts: $35,943
Assets and Liabilities:
- Total Assets: $72,701
- Total Liabilities: $0
- Net Assets: $72,701
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Organization Details
Founding Year
2001
Phone
(859) 422-2000Principal Officer
Sheila L David
Main Address
2808 PALUMBO DR STE 205, LEXINGTON, KY, 40509
Website
www.makennafoundation.orgNTEE Category
Code: E112 - Health
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