Overview
What is Meriter Foundation Inc?
Meriter Foundation Inc, based in Madison, Wisconsin, serves as a charitable organization, functioning as a not-for-profit 501(c)(3) entity. Its primary role involves raising, investing, granting, and stewarding funds on behalf of Meriter Hospital Inc. Through these philanthropic efforts, the foundation supports various healthcare initiatives within the community and beyond, impacting generations. By managing charitable contributions from individuals and organizations, Meriter Foundation Inc contributes to projects and programs that might not otherwise be feasible, ensuring a margin of excellence for Meriter Hospital Inc. Additionally, the foundation grants funds from its existing assets to select research and health education initiatives, further contributing to the betterment of healthcare services. Overall, Meriter Foundation Inc plays a significant role in enhancing the healthcare landscape in Dane County and beyond.
Official website here: www.unitypoint.org (see sch o)
What are the reviews and ratings of this charity?
Charity Navigator rating: 54% (One-Star out of Four Star rating)
Meriter Foundation Inc has received a One-Star rating from Charity Navigator, reflecting concerns primarily around its financial management. While the organization scores well in governance and accountability metrics—such as having a fully independent board and strong policies in place—its financial ratios indicate a troubling reliance on its assets and a low program expense ratio.
Strengths highlighted include the foundation's complete compliance with various oversight and governance policies, which are commendable. The board of directors is fully independent, ensuring that there are no conflicts of interest, and the organization maintains thorough record-keeping practices. These aspects demonstrate a commitment to transparency and ethical governance.
However, the foundation struggles with its financial health, as indicated by a high liabilities-to-assets ratio and a low program expense ratio, which suggests that a significant portion of its budget is not directed toward its mission-driven programs. Additionally, its fundraising efficiency is relatively low, raising concerns about sustainability and effectiveness in resource allocation. Overall, while Meriter Foundation Inc shows strong governance, its financial challenges may hinder its ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Meriter Foundation Inc legitimate?
Meriter Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meriter 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: $272,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $499,959
For more financial information, click here
Official website here: www.unitypoint.org (see sch o)
What is the mission statement of Meriter Foundation Inc?
The Meriter Foundation Inc's mission is to support Meriter Hospital's programs and services by raising and managing charitable contributions. The foundation's primary role is to collect funds from various individuals and organizations, which have significantly contributed to advancing Meriter's commitment to the community's healthcare needs. These gifts have a wide-ranging impact that extends beyond the hospital's doors, impacting generations in Dane County and beyond. Philanthropy provides Meriter with a margin of excellence, enabling them to undertake projects and implement programs that might not be possible otherwise. Additionally, the foundation grants funds from its assets to select research and health education initiatives.
Official website here: www.unitypoint.org (see sch o)
Who is the CEO of Meriter Foundation Inc?
Rebecca Dopart is the President, Foundation of Meriter Foundation Inc. The CEO's salary of Meriter Foundation Inc is $0 and their total compensation is $566,812.
Official website here: www.unitypoint.org (see sch o)
What is the revenue of Meriter Foundation Inc?
Meriter Foundation Inc's revenue in 2022 was $5,684,080.
Official website here: www.unitypoint.org (see sch o)
Who are the executives of Meriter Foundation Inc and what are their salaries?
The average compensation at Meriter Foundation Inc during 2022 was $96,582. There are 8 employees and 27 volunteers at Meriter Foundation Inc.
Here are 25 key members and their salaries (Meriter Foundation Inc's CEO's salary is $0 and their total compensation is $566,812):
- Compensation: $0
- Related: $475,198
- Other: $91,614
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $369,475
- Other: $53,361
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $234,045
- Related: $0
- Other: $38,648
- Compensation: $0
- Related: $770,752
- Other: $152,817
- 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: $389,794
- Other: $47,712
- 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: $581,759
- Other: $86,293
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $424,473
- Other: $84,425
- Compensation: $110,603
- Related: $0
- Other: $9,736
- Compensation: $0
- Related: $814,375
- Other: $0
Official website here: www.unitypoint.org (see sch o)
Where can I find the form 990 for Meriter Foundation Inc?
Meriter Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitypoint.org (see sch o)
Learn more at the official website: www.unitypoint.org (see sch o)
Mission Statement of Meriter Foundation Inc
Meriter Foundation Inc, a not-for-profit 501(c)(3) charitable organization, exists with a mission to raise and manage gifts in support of the programs and services that advance the mission of Meriter Hospital Inc. The foundation's primary role is to act as a steward, channeling charitable giving from numerous individuals and organizations. These contributions significantly impact the community's healthcare needs, extending beyond Meriter Hospital Inc's doors and into the heart of Dane County and beyond.
The philanthropic efforts of Meriter Foundation Inc. serve to provide a margin of excellence, enabling Meriter Hospital Inc. to accomplish projects and implement programs that might not be achievable otherwise. The foundation not only raises money for capital projects but also grants funds from its existing assets to select research and health education initiatives. By doing so, Meriter Foundation Inc. plays a crucial role in enhancing the quality of healthcare services and contributing to the overall well-being of the community.
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Impact
October, 2024
Meriter Foundation Inc significantly impacts the healthcare landscape by raising, investing, granting, and stewarding financial gifts that enhance the operations and outreach of Meriter Hospital. This foundation plays a crucial role in addressing the healthcare needs of the community, enabling Meriter Hospital to implement vital projects and programs that might otherwise lack funding.
Through the generosity of countless individuals and organizations, the foundation fosters a culture of philanthropy that enhances the quality of healthcare in Dane County and beyond. The funds raised support not only critical hospital initiatives but also crucial research and health education programs, ensuring that advancements in care and knowledge are pursued.
This philanthropic support creates a margin of excellence that allows for innovation and improvement in healthcare services, ultimately benefiting patients and families for generations to come. The foundation's efforts exemplify a commitment to community health, transforming charitable gifts into meaningful healthcare advancements.
This information is meant to be a general summary of Meriter 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: $1,419,947
- Program Service Revenue: $873,221
- Gross Receipts: $8,475,446
Assets and Liabilities:
- Total Assets: $29,127,476
- Total Liabilities: $2,242,266
- Net Assets: $26,885,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES-HOSPITAL
Revenue
$873,221
Organization Details
Founding Year
1970
Phone
(608) 417-5800Principal Officer
Rebecca Dopart
Main Address
202 SOUTH PARK STREET, MADISON, WI, 537151596
NTEE Category
Code: T30 - Philanthropy
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