Overview
What is Menorah Park Foundation?
The Menorah Park Foundation is a charitable organization, situated in Beachwood, Ohio (specifically at 27100 Cedar Road). Primarily, its purpose is to manage and invest its assets, while also raising funds and distributing them to projects that align with the Board of Directors' approval. These projects primarily cater to the elderly population, benefiting the Menorah Park Center for Senior Living, a related organization, and the residents, tenants, and clients using various services on the Menorah Park campus. The foundation's core mission is to elevate the standard of care for these individuals and improve their quality of life.
Official website here: www.menorahpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Menorah Park Foundation received an overall score of 89%, which reflects strong performance in accountability and finance, as indicated by its Three-Star rating. The organization boasts a fully independent board, with 97% of its members being independent, which is an important aspect of its governance structure. Additionally, it has received top marks for its financial oversight, demonstrating accountability with no reported material diversion of assets.
Despite its strengths, there are areas where the foundation could improve. The program expense ratio stands at 64.55%, indicating that while a significant portion of its budget is allocated to programs, there is room for enhancement. Furthermore, the fundraising efficiency ratio is $0.32, which suggests that the organization could optimize its fundraising efforts to reduce costs and increase financial resources available for its mission. Overall, the Menorah Park Foundation demonstrates a solid commitment to transparency and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Menorah Park Foundation legitimate?
Menorah Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menorah Park 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: $271,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,244
For more financial information, click here
Official website here: www.menorahpark.org
What is the mission statement of Menorah Park Foundation?
The Menorah Park Foundation's primary mission is to support Menorah Park Center for Senior Living. This is achieved by soliciting donations, making grants, and managing Foundation assets. The primary objective is to enhance the quality of life for residents, tenants, and clients of all services within the Menorah Park campus. The Foundation's activities aim to ensure excellence in resident care and contribute to various projects for the elderly, as approved by its Board of Directors.
Official website here: www.menorahpark.org
Who is the CEO of Menorah Park Foundation?
Diane Liliestedt is the Principal Officer of Menorah Park Foundation.
Official website here: www.menorahpark.org
What is the revenue of Menorah Park Foundation?
Menorah Park Foundation's revenue in 2022 was $2,070,566.
Official website here: www.menorahpark.org
Who are the executives of Menorah Park Foundation and what are their salaries?
There 47 volunteers at Menorah Park Foundation.
Here are 49 key members and their salaries:
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Official website here: www.menorahpark.org
Where can I find the form 990 for Menorah Park Foundation?
Menorah Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.menorahpark.org
Learn more at the official website: www.menorahpark.org
Mission Statement of Menorah Park Foundation
The Menorah Park Foundation, a charitable organization, is dedicated to raising funds, providing grants, and managing investments for the betterment of Menorah Park Center for Senior Living. Their primary goal is to ensure exceptional care for the residents, tenants, and clients of all services within the Menorah Park campus. By adhering to this mission, the Menorah Park Foundation strives to enrich the lives of those in their care.
In carrying out this mission, the Menorah Park Foundation invests and manages its assets thoughtfully. They solicit donations and allocate funds to projects that directly benefit Menorah Park, a related organization. These grants are approved by their Board of Directors, with the intention of improving the quality of life for the elderly residents, tenants, and clients who rely on the services provided by Menorah Park. By doing so, the Menorah Park Foundation plays a crucial role in enhancing the overall well-being of the community they serve.
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Impact
October, 2024
Menorah Park Foundation significantly enhances the quality of life for residents, tenants, and clients at Menorah Park Center for Senior Living. By effectively managing and investing assets, the foundation ensures financial stability and growth, allowing for the consistent provision of excellent resident care. Through the solicitation of donations and the distribution of grants, the foundation supports various projects aimed at enriching the lives of the elderly in their community.
The foundation's strategic initiatives focus on improving services, expanding programs, and addressing the unique needs of its aging population. This commitment fosters a vibrant living environment, promoting dignity and wellness among residents. Ultimately, Menorah Park Foundation plays a crucial role in creating a compassionate and supportive community, elevating the standards of senior living in Beachwood, OH.
This information is meant to be a general summary of Menorah Park 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: $86,181
- Gross Receipts: $2,070,566
Assets and Liabilities:
- Total Assets: $26,816,838
- Total Liabilities: $1,292,376
- Net Assets: $25,524,462
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Organization Details
Founding Year
1994
Phone
(216) 831-6500Principal Officer
Diane Liliestedt
Main Address
27100 Cedar Road, Beachwood, OH, 44122
Website
www.menorahpark.orgNTEE Category
Code: E112 - Health
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