Overview
What is Meadville Medical Center Foundation?
Meadville Medical Center Foundation serves as the philanthropic arm of Meadville Medical Center and associated entities. Its primary mission is to secure donor contributions, which are utilized to enhance the medical center's facilities, introduce new services, and uphold the provision of top-notch healthcare. The foundation's activities contribute significantly to the medical center's financial stability, offsetting potential government funding shortfalls. Located at 1034 Grove Street, Meadville, PA 16335, the foundation operates with a goal to support the continued advancement of the medical center.
Official website here: www.mmchs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning a Two-Star out of Four Star rating. The rating indicates that the Meadville Medical Center Foundation performs at an average level in terms of accountability and finance. While the overall score is relatively low, it reflects some strong governance practices, such as having 92% independent board members and no material diversion of assets. The foundation has clear policies in place regarding conflicts of interest, whistleblowing, and document retention.
One of the notable strengths is the foundation's strong commitment to board independence, as evidenced by its size and composition. Additionally, its financial practices, including a low liabilities to assets ratio, suggest responsible management of resources. However, the program expense ratio is concerning, with only 51.33% of expenses directed towards programs, indicating that a significant portion of funds may be allocated to administrative costs rather than direct support for its mission.
Overall, while the Meadville Medical Center Foundation demonstrates good governance and transparency, the low program expense ratio could raise questions about its efficiency in using donations to directly benefit its programs. Prospective donors may wish to consider this aspect when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Meadville Medical Center Foundation legitimate?
Meadville Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadville Medical Center 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: $179,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,287
For more financial information, click here
Official website here: www.mmchs.org
What is the mission statement of Meadville Medical Center Foundation?
The Meadville Medical Center Foundation's mission is centered around raising donor funds to aid in the enhancement of facilities, the introduction of new services, and the provision of top-notch healthcare. This foundation conducts fundraising activities for Meadville Medical Center and community health services to ensure financial stability and counteract government underfunding. By acquiring donor support, the foundation contributes to the ongoing advancement of the medical center, providing essential resources for improving healthcare services.
Official website here: www.mmchs.org
Who is the CEO of Meadville Medical Center Foundation?
Donald Rhoten is the Ceo of Meadville Medical Center Foundation. The CEO's salary of Meadville Medical Center Foundation is $144,769 and their total compensation is $275,586.
Official website here: www.mmchs.org
What is the revenue of Meadville Medical Center Foundation?
Meadville Medical Center Foundation's revenue in 2022 was $629,339.
Official website here: www.mmchs.org
Who are the executives of Meadville Medical Center Foundation and what are their salaries?
There 14 volunteers at Meadville Medical Center Foundation.
Here are 18 key members and their salaries (Meadville Medical Center Foundation's CEO's salary is $144,769 and their total compensation is $275,586):
- Compensation: $0
- Related: $425,285
- Other: $85,014
- Compensation: $0
- Related: $435,644
- Other: $39,644
- Compensation: $144,769
- Related: $77,953
- Other: $52,864
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Official website here: www.mmchs.org
Where can I find the form 990 for Meadville Medical Center Foundation?
Meadville Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mmchs.org
Learn more at the official website: www.mmchs.org
Mission Statement of Meadville Medical Center Foundation
Meadville Medical Center Foundation, serving as the fundraising arm of Meadville Medical Center and related entities, is dedicated to securing donor support. Their mission is twofold: firstly, to conduct fund development activities, aiming to maintain the financial stability of Meadville Medical Center and Community Health Services. Secondly, the foundation seeks to offset government underfunding, enabling the medical center to upgrade facilities, introduce new services, and continue providing high-quality healthcare. The foundation's efforts are instrumental in supporting the center's ongoing advancement, ensuring it can meet the evolving needs of its patients and community.
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Impact
July, 2024
Meadville Medical Center Foundation's impact is significant in supporting Meadville Medical Center and related entities in upgrading facilities, offering new services, and providing high-quality healthcare. By raising donor funds, the foundation plays a crucial role in the continued advancement of the medical center, ensuring financial stability and offsetting government underfunding. This support directly contributes to improving healthcare services and facilities in the community, ultimately benefiting the health and well-being of individuals in Meadville and beyond.
This information is meant to be a general summary of Meadville Medical Center 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: $10,759
- Gross Receipts: $650,710
Assets and Liabilities:
- Total Assets: $3,153,147
- Total Liabilities: $12,430
- Net Assets: $3,140,717
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Organization Details
Founding Year
1992
Phone
(814) 333-5000Principal Officer
Donald Rhoten
Main Address
1034 GROVE STREET, MEADVILLE, PA, 16335
Website
www.mmchs.orgNTEE Category
Code: E112 - Health
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