Overview
What is Medical Mutual Of Ohio Charitable Founda?
Medical Mutual of Ohio Charitable Foundation is a nonprofit entity established to support and fulfill the charitable and educational objectives of The Cleveland Foundation. Situated in Cleveland, Ohio, this organization operates solely for the benefit of its parent organization, actively contributing to its charitable endeavors. The foundation's primary role is to grant funds in alignment with The Cleveland Foundation's objectives, furthering its mission to positively impact the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Medical Mutual Of Ohio Charitable Foundation has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the charity demonstrates exceptional management of its resources, which is underscored by its perfect scores in independent board representation and governance policies.
The foundation has a fully independent board composed of five members, ensuring that decisions are made without conflicts of interest. Additionally, the charity maintains comprehensive policies regarding whistleblower protections, document retention, and regular board meeting documentation, further showcasing its commitment to transparency and ethical management.
Despite the strong financial health indicated by a 0.00% liabilities to assets ratio and a program expense ratio of 80.58%, which suggests that a significant portion of its funds is directed towards charitable activities, ongoing efforts to further engage the community and enhance program outreach may be beneficial in strengthening its impact. Overall, the Medical Mutual Of Ohio Charitable Foundation stands out for its robust governance and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Mutual Of Ohio Charitable Founda legitimate?
Medical Mutual Of Ohio Charitable Founda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Mutual Of Ohio Charitable Founda 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
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What is the mission statement of Medical Mutual Of Ohio Charitable Founda?
The Medical Mutual of Ohio Charitable Foundation is established with the primary objective of serving the charitable and educational needs. It operates solely to fulfill the benevolent and educational purposes of The Cleveland Foundation. The organization carries out its mission by making grants, either on its own or in behalf of The Cleveland Foundation, to support charitable and educational endeavors. The Medical Mutual of Ohio Charitable Foundation aims to contribute to the betterment of various charitable and educational sectors, aligning with the objectives of The Cleveland Foundation.
Who is the CEO of Medical Mutual Of Ohio Charitable Founda?
Andrea Hogben is the President of Medical Mutual Of Ohio Charitable Founda.
What is the revenue of Medical Mutual Of Ohio Charitable Founda?
Medical Mutual Of Ohio Charitable Founda's revenue in 2022 was $163,061.
Who are the executives of Medical Mutual Of Ohio Charitable Founda and what are their salaries?
There 5 volunteers at Medical Mutual Of Ohio Charitable Founda.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $72,462
- Other: $16,394
- Compensation: $0
- Related: $119,620
- Other: $40,341
Where can I find the form 990 for Medical Mutual Of Ohio Charitable Founda?
Medical Mutual Of Ohio Charitable Founda's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medical Mutual Of Ohio Charitable Founda
Medical Mutual of Ohio Charitable Foundation is an organization that is exclusively established and operates for the benefit of, and to carry out the charitable and educational functions of the Cleveland Foundation. Its mission is to provide grantmaking services for or on behalf of the Cleveland Foundation, supporting its charitable and educational objectives. This foundation is dedicated to contributing to various charitable causes, furthering the work of the Cleveland Foundation and promoting its charitable and educational goals.
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Impact
October, 2024
Medical Mutual of Ohio Charitable Foundation plays a significant role in promoting health and education within the Cleveland community. By focusing on grantmaking to support the Cleveland Foundation, it effectively enhances charitable initiatives that benefit the local population. The foundation’s efforts are directed toward funding programs and projects that align with the Cleveland Foundation’s mission, fostering an environment that prioritizes public well-being and educational opportunities. Through these contributions, the foundation helps to address community needs, support health initiatives, and promote a better quality of life for residents in Cleveland, Ohio.
This information is meant to be a general summary of Medical Mutual Of Ohio Charitable Founda. 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: $163,061
- Gross Receipts: $1,088,904
Assets and Liabilities:
- Total Assets: $2,390,298
- Total Liabilities: $0
- Net Assets: $2,390,298
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Organization Details
Founding Year
1998
Phone
(216) 861-3810Principal Officer
Andrea Hogben
Main Address
6601 EUCLID AVENUE, CLEVELAND, OH, 44103
NTEE Category
Code: E80 - Health
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