Overview
What is Marietta Health Foundation?
Marietta Health Foundation is a nonprofit organization situated in Marietta, Ohio. Its primary mission is to foster philanthropic support for Marietta Memorial Hospital and related services. This involves raising funds, managing these resources effectively, and distributing grants to enhance healthcare in the Mid-Ohio Valley. The foundation has been instrumental in improving various departments and services at the hospital, including cardiac rehabilitation, diabetes management, vascular care, occupational therapy, outreach programs, charity care for cancer patients, and child development services, among others. With a small team of four dedicated individuals, the Marietta Health Foundation continues to play a significant role in improving healthcare accessibility and quality in its community.
Official website here: www.mhsystem.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Marietta Health Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation excels in several key areas, including having a majority of independent board members and an excellent financial oversight structure, earning top scores across various metrics that contribute to its overall rating.
The foundation's financial health is marked by a low liabilities-to-assets ratio of 11.37%, indicating effective management of its resources. Additionally, a high program expense ratio of 89.38% suggests that the majority of its funding is directed toward its mission-driven initiatives rather than administrative costs. This dedication to transparency and fiscal responsibility is essential for building trust with donors and stakeholders.
No significant limitations were noted in the data, which reinforces the foundation's reputation as a responsible and effective nonprofit organization. Its comprehensive policies for conflict of interest, whistleblower protections, and document retention further enhance its accountability, making it a reliable choice for potential donors looking to support impactful health initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Marietta Health Foundation legitimate?
Marietta Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marietta Health 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: $151,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,150
For more financial information, click here
Official website here: www.mhsystem.org/foundation
What is the mission statement of Marietta Health Foundation?
The Marietta Health Foundation encourages philanthropic support for healthcare services, specifically Marietta Memorial Hospital. Their activities encompass fundraising, managing funds effectively, and grant distribution with the aim of enhancing healthcare in the Mid-Ohio Valley. Through these efforts, they have improved various services and departments at Marietta Memorial Hospital, including cardiac rehabilitation, diabetes management, vascular care, occupational therapy, outreach programs, cancer center charity care, child development, and audiology.
Official website here: www.mhsystem.org/foundation
Who is the CEO of Marietta Health Foundation?
Scott Silvestri is the Board Member of Marietta Health Foundation.
Official website here: www.mhsystem.org/foundation
What is the revenue of Marietta Health Foundation?
Marietta Health Foundation's revenue in 2022 was $2,633,177.
Official website here: www.mhsystem.org/foundation
Who are the executives of Marietta Health Foundation and what are their salaries?
The average compensation at Marietta Health Foundation during 2022 was $56,786. There are 4 employees and 135 volunteers at Marietta Health Foundation.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $1,061,445
- Other: $64,313
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- Related: $596,177
- Other: $70,849
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- Other: $0
- Compensation: $111,800
- Related: $0
- Other: $40,195
Official website here: www.mhsystem.org/foundation
Where can I find the form 990 for Marietta Health Foundation?
Marietta Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhsystem.org/foundation
Learn more at the official website: www.mhsystem.org/foundation
Mission Statement of Marietta Health Foundation
The Marietta Health Foundation encourages philanthropic support for Marietta Memorial Hospital and related services. This nonprofit organization engages in various activities, including fundraising, fund stewardship, and grant-making, all with the purpose of improving healthcare in the Mid-Ohio Valley. By undertaking these initiatives, the Marietta Health Foundation contributes to enhancing and supporting several services and departments at Marietta Memorial Hospital, such as cardiac rehabilitation, diabetes care, vascular care, occupational therapy, outreach, the charity care program at the Cancer Center, child development, and audiology. Through its mission, the Marietta Health Foundation plays a significant role in promoting and facilitating healthcare advancements within its community.
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Impact
October, 2024
Marietta Health Foundation significantly enhances healthcare services in the Mid-Ohio Valley, primarily through its support of Marietta Memorial Hospital. Its initiatives focus on raising philanthropic contributions, which directly improve the quality of care in various departments. Key services receiving support include cardiac rehab, diabetes management, vascular care, and occupational therapy. The foundation also plays a vital role in funding outreach programs, charity care for the cancer center, child development services, and audiology. By fostering community investment in healthcare, Marietta Health Foundation helps ensure that essential medical services are accessible and of high quality for the region.
This information is meant to be a general summary of Marietta Health 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: $1,792,468
- Gross Receipts: $7,542,993
Assets and Liabilities:
- Total Assets: $30,065,126
- Total Liabilities: $3,418,862
- Net Assets: $26,646,264
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Organization Details
Founding Year
1981
Phone
(740) 374-4913Principal Officer
Scott Silvestri
Main Address
PO BOX 97, MARIETTA, OH, 45750
Website
www.mhsystem.org/foundationNTEE Category
Code: E110 - Health
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