Overview
What is Methodist Home For Children Foundation?
Methodist Home for Children Foundation is a supporting organization situated in Philadelphia, Pennsylvania. Its primary role is to grant funds to enhance the programs and services provided by Methodist Services and Methodist Home for Children, both recognized as 501(c)(3) public charities. These nonprofits share a connection with the Foundation, working collectively to better the lives of children, youth, and families. The Foundation's mission is to promote the overall welfare and quality of life for these individuals through its financial support. By doing so, the Foundation aims to contribute positively to their general well-being.
Official website here: www.methodistservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Methodist Home For Children Foundation has received an overall score of 82%, indicating a solid level of accountability and financial management. The rating is based solely on its accountability and finance metrics, reflecting a strong commitment to effective governance and transparency. The organization's board is fully independent, showcasing a commitment to ethical oversight.
The foundation has multiple positive aspects, including a 100% independent board and no material diversion of assets. Its strong policies on conflict of interest, whistleblowing, and document retention demonstrate an emphasis on responsible operational practices. The favorable liabilities to assets ratio further indicates sound financial health, suggesting the organization is maintaining its obligations effectively.
However, the program expense ratio of 58.22% may raise some concerns about the proportion of funds allocated directly to programs compared to administrative costs. This aspect suggests that while the organization is performing well in terms of governance, there may be room for improvement in maximizing the funds directed towards its core mission. Overall, the organization shows strong accountability but should aim to enhance its program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Home For Children Foundation legitimate?
Methodist Home For Children Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Home For Children Foundation 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.methodistservices.org
What is the mission statement of Methodist Home For Children Foundation?
The Methodist Home For Children Foundation's mission is centered around supporting programs and services for children, youth, and families. Their objective is to enhance their general welfare and improve their quality of life. As a supporting organization, the Methodist Home For Children Foundation makes grants to aid the programs of Methodist Services and Methodist Home for Children, both recognized as 501(c)(3) public charities. These organizations are affiliated with the Foundation, working together to contribute positively to the lives of their beneficiaries.
Official website here: www.methodistservices.org
Who is the CEO of Methodist Home For Children Foundation?
Kathrine Martin is the Chair of Methodist Home For Children Foundation. The CEO's salary of Methodist Home For Children Foundation is $0 and their total compensation is $211,106.
Official website here: www.methodistservices.org
What is the revenue of Methodist Home For Children Foundation?
Methodist Home For Children Foundation's revenue in 2022 was $3,691,133.
Official website here: www.methodistservices.org
Who are the executives of Methodist Home For Children Foundation and what are their salaries?
There 5 volunteers at Methodist Home For Children Foundation.
Here are 9 key members and their salaries (Methodist Home For Children Foundation's CEO's salary is $0 and their total compensation is $211,106):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $192,202
- Other: $18,904
- Compensation: $0
- Related: $167,039
- Other: $14,433
- Compensation: $0
- Related: $98,709
- Other: $0
- Compensation: $0
- Related: $28,756
- Other: $5,158
Official website here: www.methodistservices.org
Where can I find the form 990 for Methodist Home For Children Foundation?
Methodist Home For Children Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.methodistservices.org
Learn more at the official website: www.methodistservices.org
Mission Statement of Methodist Home For Children Foundation
Methodist Home for Children Foundation, a supporting organization, is dedicated to its mission. This mission involves providing financial assistance to enhance the programs and services offered by Methodist Services and Methodist Home for Children, both recognized as 501(c)(3) public charities. The Foundation's primary goal is to promote the general welfare and improve the quality of life for children, youth, and families. By granting funds to these organizations, the Methodist Home for Children Foundation aims to contribute significantly to their efforts, ultimately benefiting the individuals they serve.
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Impact
October, 2024
Methodist Home For Children Foundation significantly enhances the welfare and quality of life for children, youth, and families. By making targeted grants, the foundation supports programs and services provided by Methodist Services and Methodist Home for Children, both established organizations dedicated to assisting vulnerable populations.
The foundation's mission focuses on promoting general welfare, ensuring that essential resources and support systems are in place for those in need. Whether through educational programs, mental health services, or family support initiatives, MHCF plays a critical role in addressing the challenges faced by the community it serves in Philadelphia and beyond.
Through its efforts, the foundation fosters resilience and empowers individuals and families, ultimately contributing to a healthier and more supportive community.
This information is meant to be a general summary of Methodist Home For Children Foundation. 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: $3,679,308
- Gross Receipts: $18,640,946
Assets and Liabilities:
- Total Assets: $50,107,451
- Total Liabilities: $11,074,593
- Net Assets: $39,032,858
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Organization Details
Founding Year
1879
Phone
(215) 877-1925Principal Officer
Kathrine Martin
Main Address
4300 MONUMENT ROAD, PHILADELPHIA, PA, 19131
Website
www.methodistservices.orgNTEE Category
Code: P400 - Human services
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