Overview
What is Morris Calvary Tw?
Morris Calvary Tw is a nonprofit organization, specifically identified by the address "4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144." The primary function of this organization is to provide financial support to University Hospital and St. Vincent Charity Hospital, as well as Sisters of St. Francis Health, in proportion to the number of patients they have cared for over the past five years. This distribution is made according to a trust agreement dated April 4, 1912, with KeyBank N.A. acting as the trustee. Under the Ohio Institutional Trust Funds Act of 1999, these beneficiary organizations have chosen to receive the maximum income based on the greater of 5% of adjusted fund value (AFV) or traditional income. KeyBank maintains a responsiveness to the needs and activities of each beneficiary organization in the attainment of its mission. The nonprofit's mission, therefore, is to ensure the appropriate distribution of funds to these healthcare institutions to support their operations and further their respective missions.
Is Morris Calvary Tw legitimate?
Morris Calvary Tw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morris Calvary Tw 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: $166,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Morris Calvary Tw?
Morris Calvary Tw, as per its trust agreement dated April 4, 1912, distributes grants to University Hospital of Cleveland, St. Vincent Charity Hospital, and Sisters of St. Francis Health. Under the Ohio Institutional Trust Funds Act of 1999, these beneficiary organizations have opted to receive the maximum income, which is based on the greater of 5% of the average fair value (AFV) or traditional income. KeyBank, acting as the trustee, maintains a responsiveness to the needs and activities of each beneficiary organization, supporting them in achieving their respective missions.
Who is the CEO of Morris Calvary Tw?
Unavailable
What is the revenue of Morris Calvary Tw?
Morris Calvary Tw's revenue in 2022 was -$151,876.
Who are the executives of Morris Calvary Tw and what are their salaries?
There is 1 key member and their salary:
- Compensation: $166,605
- Related: $0
- Other: $0
Where can I find the form 990 for Morris Calvary Tw?
Morris Calvary Tw's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morris Calvary Tw
Morris Calvary Tw, as per the information provided, adheres to a trust agreement dated April 4, 1912. KeyBank N.A., acting as the trustee, distributes grants to three beneficiary organizations: University Hospital of Cleveland, St. Vincent Charity Hospital, and Sisters of St. Francis Health. Under the Ohio Institutional Trust Funds Act of 1999, these organizations opt for the maximum income, which is either 5% of the net asset value (AFV) or traditional income, whichever is greater. KeyBank maintains a responsiveness to the needs and activities of each beneficiary organization, ensuring they can effectively fulfill their respective missions. In essence, Morris Calvary Tw's role in this context is to facilitate financial support, enabling its beneficiary organizations to carry out their health-related missions with optimal resources.
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Impact
October, 2024
Morris Calvary Tw significantly impacts the healthcare landscape in Brooklyn, Ohio, by providing financial support to major hospitals and healthcare organizations. Through annual grants administered by KeyBank, resources are allocated to the University Hospital of Cleveland, St. Vincent Charity Hospital, and Sisters of St. Francis Health. This distribution of funds is carefully calculated, taking into account the number of patients treated over the previous five years, ensuring that support is directed where it is most needed.
The structured approach to funding under the guidelines established in the trust agreement from 1912 allows these institutions to address various healthcare demands effectively. By providing a consistent income stream—based on either 5% of the average fair value or traditional income—Morris Calvary Tw enables healthcare providers to enhance their services, invest in new technologies, and expand patient care capabilities.
Moreover, KeyBank's attentiveness to the individual needs and missions of these beneficiary organizations fosters a collaborative environment in which healthcare services can thrive. As a result, the funding from Morris Calvary Tw not only mitigates financial pressures but also plays a crucial role in sustaining and advancing health outcomes for the community it serves.
This information is meant to be a general summary of Morris Calvary Tw. 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: -$166,166
- Gross Receipts: $2,795,644
Assets and Liabilities:
- Total Assets: $28,839,170
- Total Liabilities: $0
- Net Assets: $28,839,170
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Organization Details
Founding Year
1912
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: E12 - Health
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