Overview
What is Memorial Health Systems Foundation Inc?
Memorial Health Systems Foundation Inc, based in Daytona Beach, Florida, serves as a fundraising entity for Memorial Health Systems, Inc., operating under the name AdventHealth Daytona Beach. The primary objective of this nonprofit organization is to collect donations for the benefit of the hospital, aiming to support its operations and meet its needs. The Foundation engages in volunteer activities to further strengthen its support for the hospital.
Official website here: www.adventhealth.com/adventhealth-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Memorial Health Systems Foundation Inc has achieved a 79% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating is derived solely from the Accountability & Finance beacon, which highlights the organization's strengths in having a majority of independent board members and a good financial structure, as evidenced by a low liabilities-to-assets ratio of 1.08%.
Despite these strengths, there are notable areas of concern. The organization is missing essential policies, including a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and trust. Additionally, the organization has not posted its Tax Form 990 on its website as required, which could limit public access to vital financial information.
Overall, while Memorial Health Systems Foundation Inc demonstrates solid financial management and governance through its independent board and low asset liabilities, the absence of key policies and documentation could hinder its overall accountability and public trust. The organization may benefit from addressing these gaps to enhance its standing and reliability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health Systems Foundation Inc legitimate?
Memorial Health Systems Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health Systems 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.
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.adventhealth.com/adventhealth-foundation
What is the mission statement of Memorial Health Systems Foundation Inc?
The Memorial Health Systems Foundation Inc's primary purpose is to engage in fundraising activities, supporting Memorial Health Systems, Inc., a non-profit organization. Their mission is to raise funds for the betterment of the supported hospital. The Foundation's activities are geared towards contributing financially to the operations and advancements of Memorial Health Systems, Inc. They aim to support the hospital in its mission to provide quality healthcare services. The Foundation also encourages volunteer work in its fundraising activities, further strengthening its commitment to the hospital's cause.
Official website here: www.adventhealth.com/adventhealth-foundation
Who is the CEO of Memorial Health Systems Foundation Inc?
Julie Rand is the Director of Memorial Health Systems Foundation Inc.
Official website here: www.adventhealth.com/adventhealth-foundation
What is the revenue of Memorial Health Systems Foundation Inc?
Memorial Health Systems Foundation Inc's revenue in 2021 was $1,174,706.
Official website here: www.adventhealth.com/adventhealth-foundation
Who are the executives of Memorial Health Systems Foundation Inc and what are their salaries?
There 20 volunteers at Memorial Health Systems Foundation Inc.
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $1,084,117
- Other: $48,700
- Compensation: $0
- Related: $561,226
- Other: $72,212
- Compensation: $0
- Related: $355,865
- Other: $102,343
- Compensation: $0
- Related: $540
- Other: $0
- Compensation: $0
- Related: $540
- Other: $0
- Compensation: $0
- Related: $540
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,567
- Other: $22,148
Official website here: www.adventhealth.com/adventhealth-foundation
Where can I find the form 990 for Memorial Health Systems Foundation Inc?
Memorial Health Systems Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.adventhealth.com/adventhealth-foundation
Learn more at the official website: www.adventhealth.com/adventhealth-foundation
Mission Statement of Memorial Health Systems Foundation Inc
Memorial Health Systems Foundation, Inc., a nonprofit organization, is dedicated to raising funds for the needs of Memorial Health Systems, Inc., operating under the name AdventHealth Daytona Beach. The primary objective of this foundation is to engage in fundraising activities, aiming to support its affiliated hospital. By conducting these fundraising efforts, Memorial Health Systems Foundation, Inc., contributes significantly to the overall mission and operations of Memorial Health Systems, Inc.
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Impact
October, 2024
Memorial Health Systems Foundation Inc significantly impacts the healthcare landscape in Daytona Beach by raising essential funds to meet the needs of Memorial Health Systems, Inc., which operates as AdventHealth Daytona Beach. The foundation's efforts are vital in supporting various healthcare initiatives, enhancing patient care, and improving facilities and services offered by the hospital.
Through its fundraising activities, the foundation addresses critical needs that help improve health outcomes for the community. Their contributions enable advancements in medical technology, expansion of services, and the development of programs specifically aimed at combating disease, ultimately ensuring that high-quality healthcare remains accessible to those in the region. Additionally, the foundation fosters a spirit of volunteerism, encouraging community members to contribute their time and resources, further strengthening the bond between the hospital and the community it serves.
This information is meant to be a general summary of Memorial Health Systems 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 2021.
- Investment Income: $557,490
- Program Service Revenue: $238,139
- Gross Receipts: $3,581,518
Assets and Liabilities:
- Total Assets: $11,077,264
- Total Liabilities: $109,814
- Net Assets: $10,967,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SATISFACTION OF PROGRAM RESTRICTI
Revenue
$238,139
Organization Details
Founding Year
2000
Phone
(386) 615-4144Principal Officer
Julie Rand
Main Address
305 MEMORIAL MEDICAL PKWY 212, DAYTONA BEACH, FL, 32117
NTEE Category
Code: G12 - Disease
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