Overview
What is Weiss Memorial Hospital Foundation?
Weiss Memorial Hospital Foundation is a charitable organization, located in Chicago, Illinois, that adheres to the guidelines of the Jewish Federation of Metropolitan Chicago and its own foundation. The primary purpose of this nonprofit is to provide financial aid to eligible charitable, religious, educational, and scientific organizations. The assistance they offer is flexible and determined by the board of directors of the respective organizations. The Foundation's mission aligns with the exempt objectives of both the Jewish Federation of Metropolitan Chicago and its own foundation, aiming to make a positive impact in their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Weiss Memorial Hospital Foundation has demonstrated a strong commitment to accountability and financial health, achieving an impressive score of 94%. This rating reflects the organization's robust governance practices, including a fully independent board comprised of 10 members, and a thorough conflict of interest policy. The foundation has a solid track record of transparency, with a well-documented retention and destruction policy as well as comprehensive meeting minutes.
The foundation excels in its financial management, with a program expense ratio of 97.36%, indicating that nearly all funds are directed toward programs rather than administrative costs. Additionally, the organization's liabilities to assets ratio stands at an exceptional 0.00%, showcasing its financial stability. These strengths reinforce its reputation as a responsible steward of donor contributions.
Despite these high marks, it's important for potential donors to continue to monitor the foundation's ongoing performance and ensure that it maintains these standards over time. Overall, Weiss Memorial Hospital Foundation appears to be a reliable choice for those looking to support a nonprofit with strong financial integrity and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Weiss Memorial Hospital Foundation legitimate?
Weiss Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weiss Memorial Hospital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Weiss Memorial Hospital Foundation?
The Weiss Memorial Hospital Foundation's mission is to align with the exempt objectives of the Jewish Federation of Metropolitan Chicago and its Foundation. They achieve this by providing financial aid to charitable, religious, educational, and scientific organizations, allowing the organizations' boards to decide on the methods of distribution. The Foundation grants funds to organizations that adhere to the guidelines set by the Jewish Federation of Metropolitan Chicago and its Foundation, and fall under the 501(c)(3) exemption of the Internal Revenue Code.
Who is the CEO of Weiss Memorial Hospital Foundation?
Michael Rosenberg is the President of Weiss Memorial Hospital Foundation.
What is the revenue of Weiss Memorial Hospital Foundation?
Weiss Memorial Hospital Foundation's revenue in 2022 was $46,879.
Who are the executives of Weiss Memorial Hospital Foundation and what are their salaries?
There 3 volunteers at Weiss Memorial Hospital Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $208,208
- Other: $126,913
- Compensation: $0
- Related: $86,376
- Other: $6,266
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $222,096
- Other: $57,766
- Compensation: $0
- Related: $293,232
- Other: $36,845
- Compensation: $0
- Related: $188,546
- Other: $56,817
Where can I find the form 990 for Weiss Memorial Hospital Foundation?
Weiss Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Weiss Memorial Hospital Foundation
Weiss Memorial Hospital Foundation, as per its mission, is dedicated to upholding and executing the charitable, religious, educational, and scientific objectives of the Jewish Federation of Metropolitan Chicago and its Foundation. This is achieved by offering financial aid to qualified organizations, utilizing the discretion of the respective organizations' boards of directors. The Foundation adheres to the guidelines established by the by-laws of the Jewish Federation of Metropolitan Chicago and its Foundation while making these grants. In essence, Weiss Memorial Hospital Foundation serves as a philanthropic entity, providing monetary support to organizations that align with its exempt purposes under IRC Section 501(c)(3).
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Impact
October, 2024
Weiss Memorial Hospital Foundation plays a vital role in enhancing community well-being through financial support for a variety of charitable, religious, educational, and scientific organizations. By providing grants to entities recognized under IRC Section 501(c)(3), the Foundation facilitates initiatives that align with the principles and mission of the Jewish Federation of Metropolitan Chicago.
Its impact extends throughout Chicago, enabling programs that address critical needs, foster educational opportunities, and advance scientific research. Through its strategic funding efforts, the Foundation not only sustains essential services but also enhances the quality of life for residents by supporting initiatives that promote health, education, and community cohesion. The Foundation’s commitment to philanthropy ensures that resources are directed to organizations that are dedicated to making meaningful contributions to society, thereby creating a ripple effect of positive change in the community.
This information is meant to be a general summary of Weiss Memorial Hospital 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: $46,679
- Gross Receipts: $46,879
Assets and Liabilities:
- Total Assets: $577,832
- Total Liabilities: $11,792
- Net Assets: $566,040
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Organization Details
Founding Year
2001
Phone
(312) 357-4790Principal Officer
Michael Rosenberg
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: X11 - Religion related
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