Overview
What is Ronald Mcdonald House Charities Of Greater Charlotte Inc?
Ronald Mcdonald House Charities of Greater Charlotte Inc is a nonprofit organization situated in Charlotte, North Carolina, specifically at 1613 E Morehead St. Their primary mission is to offer a comforting "home-away-from-home" for families whose children are undergoing treatment at nearby medical facilities in the city. This organization alleviates the financial and emotional stress that families often face when they need to stay away from home for their child's medical care by providing affordable accommodations. The house, conveniently located near Hemby and Levine Children's Hospitals, enables families to spend more time with their child, engage with their clinical care team, and actively participate in crucial medical decisions. Ronald Mcdonald House of Greater Charlotte has 28 private suites and bedrooms, as well as communal facilities like a family kitchen, great room, library, playground, and sitting porches, to create a welcoming and supportive environment for families in need.
Official website here: www.rmhofcharlotte.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 98%, Four-Star out of Four Stars
Ronald McDonald House Charities of Greater Charlotte Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization's overall score, based on a single beacon score, indicates a strong commitment to transparency, with all board members being independent and a well-structured oversight committee ensuring rigorous audit processes.
The charity demonstrates excellent financial management, with a low ratio of liabilities to assets at 1.19% and a program expense ratio of 67.89%, indicating that a significant portion of its funding goes directly to its programs. Fundraising efficiency is also commendable, with just $0.18 spent to raise each dollar, showcasing the organization's effectiveness in generating funds with minimal expense.
While the charity's financial metrics are robust, there may be areas for improvement regarding its program expense ratio, which, while strong, could be further optimized. However, the overall data suggests that Ronald McDonald House Charities of Greater Charlotte Inc is well-managed and dedicated to serving its community efficiently and effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Ronald Mcdonald House Charities Of Greater Charlotte Inc legitimate?
Ronald Mcdonald House Charities Of Greater Charlotte Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronald Mcdonald House Charities Of Greater Charlotte 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: $141,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $863,718
For more financial information, click here
Official website here: www.rmhofcharlotte.org
What is the mission statement of Ronald Mcdonald House Charities Of Greater Charlotte Inc?
Ronald McDonald House Charities of Greater Charlotte Inc is dedicated to providing a welcoming and supportive environment for families whose children are undergoing medical treatment at nearby facilities. The charity extends a respite to these families, offering them a home-like setting away from the hospital environment. The Ronald McDonald House serves as a refuge for hospitalized children, providing comforts of home and offering emotional support to families facing similar circumstances. Its primary goal is to keep families close to their sick children, offering them a sense of warmth and comfort, along with resources to promote the overall well-being of the family during this challenging period. The facility primarily serves children undergoing treatment at Carolinas Medical Center and Novant Health, providing 28 private suites and rooms, as well as communal spaces such as a family kitchen, great room, library, playground, and sitting porches.
Official website here: www.rmhofcharlotte.org
Who is the CEO of Ronald Mcdonald House Charities Of Greater Charlotte Inc?
Denise Cubbedge is the Ceo of Ronald Mcdonald House Charities Of Greater Charlotte Inc. The CEO's salary of Ronald Mcdonald House Charities Of Greater Charlotte Inc is $127,308 and their total compensation is $141,753.
Official website here: www.rmhofcharlotte.org
What is the revenue of Ronald Mcdonald House Charities Of Greater Charlotte Inc?
Ronald Mcdonald House Charities Of Greater Charlotte Inc's revenue in 2022 was $2,009,795.
Official website here: www.rmhofcharlotte.org
Who are the executives of Ronald Mcdonald House Charities Of Greater Charlotte Inc and what are their salaries?
The average compensation at Ronald Mcdonald House Charities Of Greater Charlotte Inc during 2022 was $29,573. There are 34 employees and 300 volunteers at Ronald Mcdonald House Charities Of Greater Charlotte Inc.
Here are 23 key members and their salaries (Ronald Mcdonald House Charities Of Greater Charlotte Inc's CEO's salary is $127,308 and their total compensation is $141,753):
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Official website here: www.rmhofcharlotte.org
Where can I find the form 990 for Ronald Mcdonald House Charities Of Greater Charlotte Inc?
Ronald Mcdonald House Charities Of Greater Charlotte Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmhofcharlotte.org
Learn more at the official website: www.rmhofcharlotte.org
Mission Statement of Ronald Mcdonald House Charities Of Greater Charlotte Inc
Ronald McDonald House Charities of Greater Charlotte, Inc. is an organization dedicated to offering a home-like environment for seriously ill children and their families during their hospital stays. This nonprofit extends a warm welcome and much-needed respite to families who travel to Charlotte, North Carolina, for short-term or extended hospital visits. The facility serves as a refuge for hospitalized children, providing comforts of home and the support of fellow families facing similar circumstances. The Ronald McDonald House of Greater Charlotte aims to keep families close to their sick children, offering the comfort and warmth of a home, along with emotional support and education to promote the overall well-being of the entire family. The primary focus of the facility is on children undergoing treatment at Carolinas Medical Center and Novant Health, with 28 private suites and bedrooms available for their accommodation. The facility also boasts community spaces such as a family kitchen, great room, library, playground, and sitting porches, ensuring a comfortable and homely atmosphere for the families during their challenging times.
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Impact
October, 2024
Ronald McDonald House Charities of Greater Charlotte Inc. significantly impacts families with seriously ill children by providing a safe and supportive environment during challenging times. Families traveling to Charlotte for medical treatment often encounter overwhelming emotional, physical, and financial strains. The organization alleviates these burdens by offering a "home-away-from-home" just minutes from Hemby and Levine Children's Hospitals.
By providing affordable accommodations, the charity enables families to stay close to their hospitalized children, facilitating their participation in care decisions and maintaining vital emotional connections. The facility, featuring 28 private suites, communal spaces, and family-oriented amenities, creates a nurturing atmosphere where families can find respite and connect with others facing similar circumstances. This sense of community, combined with the comforts of home, serves to enhance the well-being of both the children and their families, supporting them through their medical journey.
This information is meant to be a general summary of Ronald Mcdonald House Charities Of Greater Charlotte 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: $77,302
- Gross Receipts: $2,126,237
Assets and Liabilities:
- Total Assets: $13,014,382
- Total Liabilities: $155,352
- Net Assets: $12,859,030
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Organization Details
Founding Year
2006
Phone
(704) 288-5317Principal Officer
Denise Cubbedge
Main Address
1613 E Morehead St, Charlotte, NC, 28207
Website
www.rmhofcharlotte.orgNTEE Category
Code: P61 - Human services
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