Overview
What is Memorial Foundation Inc?
Memorial Foundation Inc, situated in Belleville, Illinois, is a dedicated nonprofit organization focused on community service and outreach. Their primary mission is to foster healthy, thriving communities within Memorial Hospital's service area, with a vision that extends to future generations. They have demonstrated this commitment by providing social, emotional learning tools, counselors, and essential items to four local school districts, aiming to establish a foundation for healthier children, parents, and families. In addition, Memorial Foundation Inc has supported Protestant Memorial Medical Center, Inc. in promoting COVID-19 vaccinations in collaboration with St. Clair County Illinois Health Department.
Official website here: www.memhosp.org/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Memorial Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The foundation's score is derived entirely from its Accountability & Finance metrics, where it earned an impressive 96%. This high rating indicates that the organization effectively manages its finances and adheres to best practices in governance.
The foundation demonstrates a robust governance structure, featuring a board with a significant majority of independent members, which is essential for minimizing conflicts of interest. The organization also excels in several key areas, including having a fully compliant audit and oversight committee, a well-maintained conflict of interest policy, and established whistleblower protections. Furthermore, it showcases a commendable program expense ratio of 94.23%, indicating that a large portion of its resources is directed toward its programs rather than administrative costs.
Overall, Memorial Foundation Inc stands out for its financial health and governance practices. However, while the ratings reflect its strengths, the overview does not highlight specific programs or community impact, which may be of interest to potential donors seeking to understand the foundation's direct contributions to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Foundation Inc legitimate?
Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Foundation Inc 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.memhosp.org/foundation/
What is the mission statement of Memorial Foundation Inc?
The Memorial Foundation Inc is dedicated to establishing thriving and healthy communities within the service area of Memorial Hospital, ensuring their well-being for future generations. One of their initiatives involves providing social, emotional learning tools, counselors, and necessary items to four local school districts, aiming to foster healthier children, parents, and families. Additionally, the foundation has supported Protostant Memorial Medical Center Inc in covering expenses related to promoting COVID-19 vaccinations, collaborating with the St. Clair County Illinois Health Department. In essence, the Memorial Foundation Inc's mission is to promote health and vitality in their community, from children to adults, and respond to pressing public health concerns like the COVID-19 vaccination campaign.
Official website here: www.memhosp.org/foundation/
Who is the CEO of Memorial Foundation Inc?
Michael Mcmanus is the President, Director of Memorial Foundation Inc.
Official website here: www.memhosp.org/foundation/
What is the revenue of Memorial Foundation Inc?
Memorial Foundation Inc's revenue in 2022 was $570,990.
Official website here: www.memhosp.org/foundation/
Who are the executives of Memorial Foundation Inc and what are their salaries?
There 28 volunteers at Memorial Foundation Inc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $577,525
- Other: $48,015
- Compensation: $0
- Related: $10,475
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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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: $276,203
- Other: $21,808
- Compensation: $0
- Related: $350,500
- Other: $37,642
- Compensation: $0
- Related: $159,368
- Other: $7,506
Official website here: www.memhosp.org/foundation/
Where can I find the form 990 for Memorial Foundation Inc?
Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memhosp.org/foundation/
Learn more at the official website: www.memhosp.org/foundation/
Mission Statement of Memorial Foundation Inc
Memorial Foundation Inc, a dedicated organization, is committed to fostering healthy and vibrant communities within the service area of Memorial Hospital. Their mission is to shape these communities positively, not just for the current generation but also for future generations to come. To achieve this goal, they focus on providing resources and support to enhance the well-being of the community.
In line with their mission, Memorial Foundation Inc has undertaken various initiatives. One such initiative involves partnering with local school districts to equip them with essential tools, counselors, and necessary items for promoting social-emotional learning. This holistic approach aims to lay the foundation for healthier children, parents, and families, ultimately contributing to a thriving community.
Furthermore, Memorial Foundation Inc has shown its commitment to public health by supporting Protestant Memorial Medical Center, Inc. in their efforts to promote COVID-19 vaccinations. In collaboration with the St. Clair County Illinois Health Department, they have been instrumental in spreading awareness and ensuring easy access to vaccinations within the community. This proactive approach reflects Memorial Foundation Inc's dedication to building healthy communities, now and for generations to come.
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Impact
July, 2024
Memorial Foundation Inc has made a significant impact on the community by providing essential support to four school districts, equipping them with social and emotional learning tools, counselors, and necessary items to promote the well-being of children, parents, and families. Additionally, the foundation has played a vital role in promoting COVID-19 vaccinations in collaboration with Protestant Memorial Medical Center, Inc., and the St. Clair County Illinois Health Department. This support has helped in building healthier and vibrant communities within Memorial Hospital's service area for both current and future generations.
This information is meant to be a general summary of Memorial Foundation Inc. 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: $318,438
- Gross Receipts: $62,546,734
Assets and Liabilities:
- Total Assets: $119,936,551
- Total Liabilities: $4,875,385
- Net Assets: $115,061,166
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Organization Details
Founding Year
1985
Phone
(618) 257-5659Principal Officer
Michael Mcmanus
Main Address
4500 MEMORIAL DRIVE, BELLEVILLE, IL, 622265399
Website
www.memhosp.org/foundation/NTEE Category
Code: T00 - Philanthropy
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