Overview
What is Stacy Mark Reed Foundation Inc?
The Stacy Mark Reed Foundation Inc, based in Washington, DC, functions as a supporting organization for Sibley Memorial Hospital. Its primary objective is to manage and distribute funds for the charitable, scientific, and educational purposes of Sibley Memorial Hospital. The foundation's mission is to financially contribute to Sibley Memorial Hospital's efforts in delivering quality health services, promoting wellness, alleviating suffering, and restoring health within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Stacy Mark Reed Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored 94% overall, with its score derived entirely from the Accountability & Finance category. This indicates a strong commitment to transparency and fiscal responsibility, essential qualities for maintaining donor trust.
One of the notable strengths of the foundation is its governance structure, which is composed of 83% independent board members, ensuring unbiased decision-making. The organization also excels in areas such as financial oversight, with no reported material diversion of assets and comprehensive conflict of interest and whistleblower policies in place. Its impressive program expense ratio of 95.43% demonstrates a strong focus on using funds effectively for its mission.
While the data highlights numerous strengths, there is no mention of programmatic impact or effectiveness in meeting its mission goals, which could be beneficial for potential donors looking for a broader understanding of the organization's overall performance. Overall, the foundation exhibits a solid financial standing and governance, making it a trustworthy choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Stacy Mark Reed Foundation Inc legitimate?
Stacy Mark Reed Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stacy Mark Reed 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Stacy Mark Reed Foundation Inc?
The Stacy Mark Reed Foundation Inc supports the mission of Sibley Memorial Hospital by providing financial assistance. This foundation contributes to the hospital's efforts in delivering quality health services and facilities to the community, promoting wellness, alleviating suffering, and restoring health. The foundation's primary objective is to administer and expend funds for the charitable, scientific, and educational purposes of Sibley Memorial Hospital. Through its support, the hospital continues to make a positive impact on people's lives.
Who is the CEO of Stacy Mark Reed Foundation Inc?
Edward J Miller Jr is the Trustee, Chairman of Stacy Mark Reed Foundation Inc.
What is the revenue of Stacy Mark Reed Foundation Inc?
Stacy Mark Reed Foundation Inc's revenue in 2022 was $12,342,403.
Who are the executives of Stacy Mark Reed Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Stacy Mark Reed Foundation Inc?
Stacy Mark Reed Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stacy Mark Reed Foundation Inc
The Stacy Mark Reed Foundation Inc is a charitable organization dedicated to supporting the mission of Sibley Memorial Hospital. This mission encompasses the provision of quality health services and facilities for the community, the promotion of wellness, the relief of suffering, and the restoration of health. The foundation's primary objective is to receive, administer, and expend funds for the charitable, scientific, and educational purposes of Sibley Memorial Hospital. By providing financial assistance, the Stacy Mark Reed Foundation Inc plays a crucial role in enabling the hospital to carry out its vital work. The foundation's commitment to this cause is instrumental in enhancing the hospital's ability to deliver essential health services and make a positive impact on the lives of those in need.
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Impact
October, 2024
Stacy Mark Reed Foundation Inc significantly enhances the operations and offerings of Sibley Memorial Hospital by providing essential financial support. This backing facilitates access to quality healthcare services for the local community, promotes wellness, and aids in the alleviation of suffering. Through its commitment to charitable, scientific, and educational objectives, the foundation directly contributes to the hospital’s mission, ensuring that residents receive appropriate medical care and resources. Its impact is felt through improved healthcare facilities and services, fostering a healthier community in Washington, DC.
This information is meant to be a general summary of Stacy Mark Reed 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: $12,342,403
- Gross Receipts: $12,342,403
Assets and Liabilities:
- Total Assets: $236,035,814
- Total Liabilities: $209,718
- Net Assets: $235,826,096
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Organization Details
Founding Year
2010
Phone
(202) 537-4000Principal Officer
Edward J Miller Jr
Main Address
5255 LOUGHBORO ROAD NW, WASHINGTON, DC, 20016
NTEE Category
Code: E11 - Health
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