Overview
What is Wellness Plan Medical Centers Foundation?
Wellness Plan Medical Centers Foundation is a charitable organization based in Detroit, Michigan. Its primary mission is to collect and manage funds, ultimately aiding federally qualified health centers in delivering essential healthcare services to underinsured and uninsured individuals residing in southeastern Michigan. By receiving a significant contribution, the foundation acquired a building housing the Wellness Plan Medical Centers, which they lease to the centers to support their healthcare activities. Beyond this, the foundation engages in various charitable functions aimed at improving the overall quality of life for the citizens of the region.
Official website here: www.wellplan.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Overall Score: 66%
The Wellness Plan Medical Centers Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational practices and financial transparency. With an overall score of 66%, the foundation demonstrates strong governance, with 100% of its board members being independent and the presence of robust policies such as conflict of interest and whistleblower protections. However, the foundation has significant weaknesses, particularly in financial reporting, as it has not provided any financial statements for evaluation.
The charity's performance in program expense ratio is commendable, showing that 100% of its expenses are directed towards its programs. This is a positive indicator of the foundation's commitment to its mission. However, the liabilities to assets ratio is concerning at 109.58%, which suggests potential financial instability. Additionally, the absence of tax forms on its website raises questions about transparency and accountability, which are critical for donor trust.
Overall, while the foundation shows strengths in governance and program expenditure, the lack of financial documentation and high liabilities warrants caution for potential donors and stakeholders. Improvement in these areas is essential for the organization to enhance its rating and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wellness Plan Medical Centers Foundation legitimate?
Wellness Plan Medical Centers Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellness Plan Medical Centers 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.wellplan.com
What is the mission statement of Wellness Plan Medical Centers Foundation?
The Wellness Plan Medical Centers Foundation's primary objective is to collect and manage funds to aid Federally Qualified Health Centers in providing healthcare services to underserved and uninsured individuals. The foundation engages in various charitable activities to improve the quality of life for citizens in the Southeastern Michigan area. In 2013, the organization received a significant contribution, which included a building housing the Wellness Plan Medical Centers. The foundation then rents this property to the centers to support their healthcare activities.
Official website here: www.wellplan.com
Who is the CEO of Wellness Plan Medical Centers Foundation?
Anthony King is the Vice Chair/Chairperson of Wellness Plan Medical Centers Foundation. The CEO's salary of Wellness Plan Medical Centers Foundation is $0 and their total compensation is $470,866.
Official website here: www.wellplan.com
What is the revenue of Wellness Plan Medical Centers Foundation?
Wellness Plan Medical Centers Foundation's revenue in 2022 was $1,728,767.
Official website here: www.wellplan.com
Who are the executives of Wellness Plan Medical Centers Foundation and what are their salaries?
There 15 volunteers at Wellness Plan Medical Centers Foundation.
Here are 17 key members and their salaries (Wellness Plan Medical Centers Foundation's CEO's salary is $0 and their total compensation is $470,866):
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- Related: $363,188
- Other: $107,678
- Compensation: $0
- Related: $120,417
- Other: $18,135
Official website here: www.wellplan.com
Where can I find the form 990 for Wellness Plan Medical Centers Foundation?
Wellness Plan Medical Centers Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellplan.com
Learn more at the official website: www.wellplan.com
Mission Statement of Wellness Plan Medical Centers Foundation
The Wellness Plan Medical Centers Foundation is dedicated to raising funds and distributing them to federally qualified health centers in the greater Detroit, Michigan area. The primary objective of this organization is to support these health centers in providing essential healthcare services to the medically underserved and uninsured individuals. By administering funds, the foundation aims to enhance the overall quality of life for the citizens of southeastern Michigan.
In addition to financial support, the Wellness Plan Medical Centers Foundation also engages in various charitable functions to further improve the health and well-being of the local community. In 2013, the organization received a significant contribution in the form of a building, which now houses several federally qualified health centers. The foundation then rents this property to these centers to assist them in fulfilling their healthcare activities. This strategic move allows the health centers to focus on their primary mission of providing affordable and accessible healthcare services to the underprivileged population in the greater Detroit area.
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Impact
October, 2024
The Wellness Plan Medical Centers Foundation significantly impacts the greater Detroit area by raising funds and distributing them to federally qualified health centers. This support is crucial for providing healthcare services to the uninsured and underinsured populations in southeastern Michigan. By enabling these health centers to operate effectively, the foundation enhances access to essential medical care for vulnerable individuals, improving overall community health outcomes.
In addition to financial support, the foundation also plays a vital role in enhancing the quality of life for local citizens through various charitable functions. In 2013, the organization expanded its impact by acquiring a building that houses the Wellness Plan Medical Centers, further solidifying its commitment to supporting healthcare activities in the region. By addressing the needs of the medically underserved, the foundation fosters healthier communities and contributes to a stronger, more equitable health system.
This information is meant to be a general summary of Wellness Plan Medical Centers 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.
- Program Service Revenue: $987,531
- Gross Receipts: $1,728,767
Assets and Liabilities:
- Total Assets: $23,151,225
- Total Liabilities: $25,370,175
- Net Assets: -$2,218,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RELATED PARTY - RENTAL
Revenue
$987,531
Organization Details
Founding Year
2010
Phone
(313) 202-8538Principal Officer
Anthony King
Main Address
7700 SECOND AVENUE, DETROIT, MI, 48202
Website
www.wellplan.comNTEE Category
Code: E86 - Health
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