Overview
What is Cortland Memorial Foundation Inc?
Cortland Memorial Foundation Inc, a 501(c)(3) tax-exempt organization situated in Cortland, New York, focuses on supporting Guthrie Cortland Medical Center. This medical center offers necessary healthcare services to all individuals, irrespective of their racial, ethnic, or financial background. The foundation's primary role is to foster relationships through philanthropy, stewardship, and education, thereby strengthening the medical center and its mission. This organization's work involves providing financial backing to facilitate the delivery of quality healthcare services in the Cortland community.
Official website here: www.guthrie.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Cortland Memorial Foundation Inc has received a low rating of 56% from Charity Navigator, which indicates significant concerns regarding its financial health and operational efficiency. The accountability and finance score is notably low, especially in areas like program expense ratio and liabilities to assets ratio, which suggest that a minimal portion of the funds is being directed toward programs that benefit the community.
On a positive note, the organization demonstrates strong governance practices with a fully independent board and effective oversight mechanisms, such as an audit and oversight committee. Additionally, policies regarding conflicts of interest, whistleblower protections, and document retention are all in place, contributing to the foundation's accountability framework.
However, the absence of the nonprofit's tax form on its website raises transparency concerns, which may affect donor confidence. Overall, while the foundation adheres to several accountability standards, its financial performance and programmatic impact require substantial improvement to enhance its rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cortland Memorial Foundation Inc legitimate?
Cortland Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cortland Memorial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.guthrie.org
What is the mission statement of Cortland Memorial Foundation Inc?
The Cortland Memorial Foundation's mission is centered around building relationships through philanthropy, stewardship, and education. This mission aims to support Guthrie Cortland Medical Center and its mission. The foundation achieves this by incurring expenses that contribute to the charitable purposes, programs, and services of Guthrie Cortland Medical Center, a non-discriminatory healthcare provider that offers medically necessary services to all individuals, regardless of their race, color, creed, sex, national origin, or ability to pay.
Official website here: www.guthrie.org
What is the revenue of Cortland Memorial Foundation Inc?
Cortland Memorial Foundation Inc's revenue in 2023 was $601,528.
Official website here: www.guthrie.org
Who are the executives of Cortland Memorial Foundation Inc and what are their salaries?
There 10 volunteers at Cortland Memorial Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $645,540
- Other: $85,036
- Compensation: $0
- Related: $308,218
- Other: $16,013
- Compensation: $0
- Related: $131,518
- Other: $16,763
- Compensation: $0
- Related: $76,280
- Other: $0
- Compensation: $0
- Related: $66,012
- Other: $3,745
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.guthrie.org
Where can I find the form 990 for Cortland Memorial Foundation Inc?
Cortland Memorial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.guthrie.org
Learn more at the official website: www.guthrie.org
Mission Statement of Cortland Memorial Foundation Inc
Cortland Memorial Foundation, a philanthropic organization, fosters relationships through charitable contributions, stewardship, and education. Its primary objective is to support Guthrie Cortland Medical Center and its mission. This mission revolves around providing essential medical care to individuals, regardless of their race, color, creed, sex, national origin, or ability to pay. The foundation's activities are geared towards supporting the charitable purposes, programs, and services of Guthrie Cortland Medical Center, a non-discriminatory medical facility that offers necessary healthcare services to all. By engaging in philanthropy, stewardship, and education, Cortland Memorial Foundation plays a significant role in strengthening the medical center's ability to serve its community effectively.
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Impact
October, 2024
Cortland Memorial Foundation Inc plays a crucial role in enhancing healthcare access and quality within the community by fostering relationships through philanthropy, stewardship, and education. By supporting Guthrie Cortland Medical Center, the foundation helps ensure that essential medical services are available to all individuals, regardless of their background or financial status.
The foundation's efforts enable the medical center to provide medically necessary healthcare services in a non-discriminatory manner, making a significant impact on the health and well-being of the local population. Through its charitable initiatives, it promotes a culture of giving while also addressing critical healthcare needs, ultimately contributing to the overall improvement of community health outcomes in Cortland and surrounding areas.
This information is meant to be a general summary of Cortland Memorial 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 2023.
- Investment Income: $165,142
- Gross Receipts: $647,396
Assets and Liabilities:
- Total Assets: $8,202,891
- Total Liabilities: $42,101
- Net Assets: $8,160,790
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Organization Details
Founding Year
1978
Principal Officer
Sheila Ossit
Website
www.guthrie.orgNTEE Category
Code: E22I - Health
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