Overview
What is Thorek Memorial Foundation?
Thorek Memorial Foundation is a charitable organization situated in Chicago, Illinois. Established with the aim of serving the community and fostering health and wellness understanding, the foundation provides financial aid for community health issues. It identifies healthcare needs, strives to improve population health, and addresses various community concerns by offering financial support to local organizations. The foundation sponsors educational, scientific, and charitable initiatives to address identified community health issues and also enriches Thorek Memorial Hospital through various educational activities. In summary, Thorek Memorial Foundation is dedicated to improving the health and wellness of its community by providing financial support and sponsoring educational endeavors.
Official website here: www.thorekfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
The Thorek Memorial Foundation has received a solid Three-Star rating, indicating a relatively strong performance in accountability and finance. The rating is based entirely on a single beacon score, reflecting an overall commitment to maintaining a well-managed organization. The fiscal year 2022 data shows that 85% of the board members are independent, which is a positive indicator of governance quality.
The foundation demonstrates commendable fiscal responsibility with a program expense ratio of 83.83%, suggesting that a significant portion of its expenditures directly support its mission. Additionally, the organization has no material diversion of assets and maintains a strong liabilities to assets ratio of 0.00%, indicating a robust financial health.
However, there are notable areas for improvement, particularly regarding governance policies. The absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy indicates the need for better operational transparency and adherence to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Thorek Memorial Foundation legitimate?
Thorek Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thorek Memorial 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
Official website here: www.thorekfoundation.org
What is the mission statement of Thorek Memorial Foundation?
The Thorek Memorial Foundation is dedicated to the pursuit of knowledge and understanding of community health issues, providing both financial support and resources. Its primary mission is to serve the community by promoting and fostering an understanding of various health and wellness concerns affecting its members. The foundation identifies healthcare needs, works towards improving population health, and addresses other requirements within the community it serves. It provides financial aid to local organizations to assist their operations, activities, and fulfill their missions. Additionally, the Thorek Memorial Foundation sponsors various scientific, educational, and charitable endeavors to address community health issues and enriches Thorek Memorial Hospital through educational activities.
Official website here: www.thorekfoundation.org
Who is the CEO of Thorek Memorial Foundation?
Maria Pappas is the President of Thorek Memorial Foundation.
Official website here: www.thorekfoundation.org
What is the revenue of Thorek Memorial Foundation?
Thorek Memorial Foundation's revenue in 2022 was $457,781.
Official website here: www.thorekfoundation.org
Who are the executives of Thorek Memorial Foundation and what are their salaries?
There 6 volunteers at Thorek Memorial Foundation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $630,894
- Other: $26,348
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $100,500
- Other: $0
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thorekfoundation.org
Where can I find the form 990 for Thorek Memorial Foundation?
Thorek Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thorekfoundation.org
Learn more at the official website: www.thorekfoundation.org
Mission Statement of Thorek Memorial Foundation
The Thorek Memorial Foundation is a dedicated organization that is dedicated to the pursuit of knowledge and understanding regarding community health issues. Its primary mission is to financially support and serve the community, promoting and fostering an understanding of various health and wellness concerns affecting the community's members. The foundation identifies healthcare needs, works towards improving population health, and addresses other community needs. It achieves this by providing financial assistance to organizations within the community, enabling them to operate effectively, carry out their activities, and fulfill their missions.
Furthermore, the Thorek Memorial Foundation sponsors a variety of scientific, educational, and charitable endeavors that arise from the identification of community health issues. This support extends to Thorek Memorial Hospital through various educational activities, enriching the hospital and contributing to its growth. In essence, the Thorek Memorial Foundation's mission is to support the community's health and wellbeing by providing financial resources, identifying healthcare needs, and fostering an understanding of these concerns, all while enriching local organizations and institutions.
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Impact
July, 2024
The Thorek Memorial Foundation's impact can be seen in its commitment to promoting knowledge and understanding of community health issues. By providing financial support to educational and charitable endeavors, the foundation aims to improve population health and address various healthcare needs within the community it serves. Additionally, the foundation sponsors scientific, educational, and charitable initiatives that result from identifying specific community health issues. Through supporting organizations and enriching Thorek Memorial Hospital with educational activities, the foundation plays a vital role in enhancing community well-being and fostering a deeper understanding of healthcare concerns.
This information is meant to be a general summary of Thorek Memorial 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: $457,781
- Gross Receipts: $1,606,144
Assets and Liabilities:
- Total Assets: $10,649,369
- Total Liabilities: $0
- Net Assets: $10,649,369
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Organization Details
Founding Year
1961
Phone
(773) 975-6710Principal Officer
Maria Pappas
Main Address
850 WEST IRVING PARK ROAD, CHICAGO, IL, 60613
Website
www.thorekfoundation.orgNTEE Category
Code: T30 - Philanthropy
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