Coghlin Memorial Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341365394 ✦ Toledo, OH ✦ Designated as a 501(c)(3)

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Overview

What is Coghlin Memorial Institute?

The Coghlin Memorial Institute is a nonprofit organization that focuses on supporting and promoting health care-related programs, projects, and comprehensive rehabilitation. Its primary mission is to contribute financially to the University of Toledo College of Medicine, specifically benefiting and aiding the Comprehensive Rehabilitation Center, an integral part of the college. This exempt organization receives funds from the Coghlin Memorial Institute to advance its rehabilitation efforts.

What are the reviews and ratings of this charity?

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Coghlin Memorial Institute has received a low rating of 50%, reflecting significant weaknesses in its accountability and financial practices. The organization has scored poorly on multiple metrics, particularly in governance, where it has no independent board members and lacks essential policies such as conflict of interest and whistleblower protections. This raises concerns about transparency and oversight.

Despite these weaknesses, the Institute demonstrates a strong commitment to its programs, with an impressive program expense ratio of 96.34%. This indicates that the majority of its expenditures directly support its mission and services, which is a positive aspect in terms of its operational focus. However, the absence of key governance documents and policies suggests a need for improvement in ethical standards and organizational structure.

Overall, while the Coghlin Memorial Institute shows a dedication to its charitable work, the lack of sufficient accountability measures and independent oversight poses risks to its long-term effectiveness and donor trust. Addressing these issues could significantly enhance its rating and reliability as a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Coghlin Memorial Institute legitimate?

Coghlin Memorial Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coghlin Memorial Institute submitted a form 990EZ, 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.

What is the mission statement of Coghlin Memorial Institute?

The Coghlin Memorial Institute's primary mission is to advocate for and facilitate health care-related programs, projects, and comprehensive rehabilitation initiatives. It accomplishes this by funneling funds to the University of Toledo's College of Medicine, specifically to support the operations of the Comprehensive Rehabilitation Center, an exempt organization within the college. The institute's goal is to contribute to the betterment of rehabilitation services, thereby benefiting individuals in need.

Who is the CEO of Coghlin Memorial Institute?

David W Carter is the Trustee of Coghlin Memorial Institute.

What is the revenue of Coghlin Memorial Institute?

Coghlin Memorial Institute's revenue in 2022 was $193,039.

Who are the executives of Coghlin Memorial Institute and what are their salaries?


Here are 4 key members and their salaries:


David W Carter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David L Kuhl (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin D Devaney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher S Cooper (Trustee)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Coghlin Memorial Institute?

Coghlin Memorial Institute's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Coghlin Memorial Institute

The Coghlin Memorial Institute is dedicated to championing health care-related programs, projects, and activities, with a focus on comprehensive rehabilitation. This institution's primary objective is to support the University of Toledo's College of Medicine and its Comprehensive Rehabilitation Center, an exempt organization. By providing distributions to this center, the Coghlin Memorial Institute aims to enhance its capabilities and contribute to its mission.

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Impact




October, 2024

Coghlin Memorial Institute significantly impacts health care in Toledo, Ohio, by supporting essential health care programs and promoting comprehensive rehabilitation efforts. By directing resources to the University of Toledo College of Medicine, particularly the Comprehensive Rehabilitation Center, the Institute enhances the quality of rehabilitation services available to the community. This support helps improve the health and well-being of individuals undergoing rehabilitation, fostering advancements in medical research and education in the field. Through its commitment to health initiatives, Coghlin Memorial Institute plays a crucial role in enhancing the healthcare landscape and promoting improved outcomes for patients in the region.




This information is meant to be a general summary of Coghlin Memorial Institute. 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.

Revenue
$193,039 (2022)
Expenses
$206,688 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2
  • Gross Receipts: $193,039

Assets and Liabilities:

  • Total Assets: $34,739
  • Total Liabilities: $0
  • Net Assets: $34,739

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Organization Details

Principal Officer

David W Carter

Main Address

PO Box 10032, Toledo, OH, 43699

NTEE Category

Code: E24 - Health

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