Overview
What is 7th & Marshall Corporation?
7th & Marshall Corporation is a nonprofit organization that serves to uphold the charitable, educational, and scientific objectives of three entities based in Richmond, Virginia: the Hospital Hospitality House of Richmond, Virginia Commonwealth University, and Virginia Commonwealth University Health System Authority. The corporation's core mission involves bolstering the initiatives and activities of these organizations, thereby contributing to their collective goals and advancements. While specific details about their activities are not provided in the information, it is clear that 7th & Marshall Corporation plays a crucial role in supporting these entities and their respective purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
7th & Marshall Corporation has earned an 84% rating from Charity Navigator, reflecting a solid commitment to accountability and financial health. The score is derived entirely from the Accountability & Finance beacon, which highlights the organization's financial transparency and responsible management of resources. An important aspect of their governance structure is the presence of independent board members, which contributes to their oversight and accountability.
The organization demonstrates strong financial practices, evidenced by a Program Expense Ratio of 100%, indicating that all funds are allocated to programs rather than administrative costs. Additionally, they have established policies, including a conflict of interest policy and a whistleblower policy, ensuring ethical standards are maintained. The absence of any material diversion of assets further showcases their integrity in financial dealings.
Despite these strengths, it's worth noting that only 42% of the board members are independent, which may raise questions regarding governance dynamics. However, the organization seems committed to transparency, as they maintain proper documentation of board meeting minutes and have a clear policy for document retention. Overall, 7th & Marshall Corporation appears to be a responsible nonprofit with a focus on effective program delivery and financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is 7th & Marshall Corporation legitimate?
7th & Marshall Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 7th & Marshall Corporation 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
What is the mission statement of 7th & Marshall Corporation?
The 7th & Marshall Corporation is committed to assisting in the charitable, educational, and scientific endeavors of three entities: the hospital hospitality house of richmond, Virginia Commonwealth University, and the Virginia Commonwealth University Health System Authority. The corporation's primary objective is to contribute to their respective purposes and activities, thereby supporting their collective efforts. The specific nature and scope of these activities are detailed in their individual schedules.
Who is the CEO of 7th & Marshall Corporation?
Unavailable
What is the revenue of 7th & Marshall Corporation?
7th & Marshall Corporation's revenue in 2022 was $0.
Who are the executives of 7th & Marshall Corporation and what are their salaries?
There 2 volunteers at 7th & Marshall Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $278,756
- Other: $25,936
- Compensation: $0
- Related: $179,007
- Other: $23,823
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $272,517
- Other: $22,620
- Compensation: $0
- Related: $257,444
- Other: $24,871
Where can I find the form 990 for 7th & Marshall Corporation?
7th & Marshall Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 7th & Marshall Corporation
7th & Marshall Corporation is an organization dedicated to upholding the charitable, educational, and scientific objectives of three entities: the Hospital Hospitality House of Richmond, Virginia Commonwealth University, and the Virginia Commonwealth University Health System Authority, all based in Richmond, Virginia. Its primary role is to support and foster these institutions' noble pursuits. By doing so, 7th & Marshall Corporation contributes to the betterment of society through the efforts of these organizations.
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Impact
October, 2024
7th & Marshall Corporation plays a vital role in enhancing the well-being of the Richmond community by supporting essential health-related initiatives. Its primary focus is to bolster the charitable, educational, and scientific activities of key entities such as the Hospital Hospitality House of Richmond, Virginia Commonwealth University, and the Virginia Commonwealth University Health System Authority.
By providing resources and support to these organizations, 7th & Marshall Corporation helps ensure that patients and their families have access to necessary health services and accommodations during challenging times. This dedication to health and wellness not only improves individual lives but also strengthens the overall healthcare infrastructure in Richmond, fostering a community that values compassion and support for those in need.
This information is meant to be a general summary of 7th & Marshall Corporation. 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.
Assets and Liabilities:
- Total Assets: $4,883,781
- Total Liabilities: $0
- Net Assets: $4,883,781
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Organization Details
Founding Year
1995
Phone
(804) 828-4723Main Address
PO BOX 980152, RICHMOND, VA, 23298
NTEE Category
Code: E86I - Health
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