Overview
What is Floyd Memorial Foundation Inc?
Floyd Memorial Foundation Inc is a charitable organization based in New Albany, Indiana, dedicated to enhancing community health. Their primary role involves providing financial backing to Baptist Health Floyd Hospital, contributing to various programs aligned with the hospital's exempt purpose. These programs include funding for Healthier Community Initiatives, scholarships, medical resources, technological advancements, and health screenings. By offering these services, the foundation aims to promote wellness and foster a healthier lifestyle within the community. The mission of Floyd Memorial Foundation Inc is to offer philanthropic support to Baptist Health Floyd and Southern Indiana healthcare initiatives, ultimately improving the quality of care available to the community.
Official website here: www.floydfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Floyd Memorial Foundation Inc has received an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members being independent, and demonstrates strong practices in financial transparency, achieving full points for its audit and material diversion of assets.
Despite these strengths, there are some areas for improvement. The foundation lacks a whistleblower policy and a document retention and destruction policy, both of which are important for maintaining accountability. Additionally, the tax form is not posted on the nonprofit's website, which could affect transparency for potential donors and stakeholders. Overall, while the foundation shows a strong commitment to responsible financial practices, addressing these gaps could enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Floyd Memorial Foundation Inc legitimate?
Floyd Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floyd Memorial 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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For more financial information, click here
Official website here: www.floydfoundation.org
What is the mission statement of Floyd Memorial Foundation Inc?
The Floyd Memorial Foundation Inc's mission is centered around providing philanthropic support to enhance the quality of healthcare in the community. This is primarily achieved through supporting Baptist Health Floyd Hospital and various healthcare initiatives in Southern Indiana. The foundation's activities include funding healthier community programs, scholarships, and other hospital initiatives. By doing so, they aim to improve the quality of care available to the community. The foundation financially backs various programs related to the hospital's exempt purpose, such as Healthier Community Initiatives, educational programs, medical resources, technology, and health screenings. These initiatives are provided to the community to promote wellness and a healthier lifestyle.
Official website here: www.floydfoundation.org
Who is the CEO of Floyd Memorial Foundation Inc?
Jessica Tandy Staten is the Secretary of Floyd Memorial Foundation Inc.
Official website here: www.floydfoundation.org
What is the revenue of Floyd Memorial Foundation Inc?
Floyd Memorial Foundation Inc's revenue in 2022 was $1,183,181.
Official website here: www.floydfoundation.org
Who are the executives of Floyd Memorial Foundation Inc and what are their salaries?
There 50 volunteers at Floyd Memorial Foundation Inc.
Here are 23 key members and their salaries:
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Official website here: www.floydfoundation.org
Where can I find the form 990 for Floyd Memorial Foundation Inc?
Floyd Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floydfoundation.org
Learn more at the official website: www.floydfoundation.org
Mission Statement of Floyd Memorial Foundation Inc
Floyd Memorial Foundation Inc is dedicated to providing philanthropic support with the aim of enhancing the quality of health in the community. Their mission is to provide financial assistance to Baptist Health Floyd Hospital and various healthcare initiatives in Southern Indiana. Through this support, the foundation seeks to enhance the quality of care available to the community, ultimately contributing to a healthier community overall. The foundation achieves this by funding various programs related to the hospital's exempt purpose. These programs include healthier community initiative programs, educational programs, medical resources, technology, and health screenings. These initiatives are designed to promote wellness and a healthier lifestyle within the community.
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Impact
October, 2024
Floyd Memorial Foundation Inc significantly enhances the quality of health in the community by providing crucial financial support to Baptist Health Floyd Hospital. This support enables the hospital to implement various health initiatives that directly impact community wellness—such as healthier community initiative programs, educational resources, and health screenings. By funding medical technologies and resources, the Foundation plays a vital role in promoting healthier lifestyles and improving access to care. Scholarships and additional hospital programs further contribute to the overall well-being of individuals in New Albany and surrounding areas, demonstrating a deep commitment to advancing public health and ensuring that residents receive high-quality healthcare services.
This information is meant to be a general summary of Floyd Memorial 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: $107,131
- Gross Receipts: $1,231,554
Assets and Liabilities:
- Total Assets: $20,229,957
- Total Liabilities: $606,231
- Net Assets: $19,623,726
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Organization Details
Founding Year
1978
Phone
(812) 949-5519Principal Officer
Jessica Tandy Staten
Main Address
1850 STATE STREET, NEW ALBANY, IN, 47150
Website
www.floydfoundation.orgNTEE Category
Code: E11 - Health
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