Overview
What is Hemophilia Foundation Of Michigan?
The Hemophilia Foundation of Michigan, situated in Ypsilanti, Michigan, is a dedicated nonprofit organization. Its primary mission is to enhance the lives of individuals affected by hemophilia, Von Willebrand disease, and other related bleeding and clotting disorders, including HIV/AIDS and hepatitis. To accomplish this, they provide administrative support and federal pass-through funding to 19 treatment centers that deliver comprehensive care. Their activities extend beyond direct medical services, encompassing community education, prevention, short-term counseling, and referral services, as well as organizing camps and advocating for relevant policies. The foundation also offers programs like short-term counseling, referral, and education to improve overall well-being and quality of life for those affected.
Official website here: www.hfmich.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating from Charity Navigator.
The Hemophilia Foundation Of Michigan has achieved an impressive Four-Star rating, primarily reflecting its strong performance in accountability and finance. This high score indicates that the organization is well-managed and transparent, with a 90% independent board, ensuring objective oversight. The foundation's financial statements are well-audited, and it adheres to established policies regarding conflict of interest and whistleblowing, showcasing its commitment to ethical governance.
The charity demonstrates significant efficiency in its operations, with an impressive program expense ratio of 87.12%. This means that a large majority of its funding is directed towards its mission and programs rather than administrative costs. Additionally, its fundraising efficiency is notable, requiring only $0.03 to raise each dollar, indicating effective fundraising strategies.
However, while the organization shows strong financial health with a low liabilities to assets ratio and reasonable working capital, potential supporters may want to keep an eye on its liquidity, as a working capital ratio of 0.82 years could suggest a need for careful cash flow management. Overall, the Hemophilia Foundation Of Michigan stands out for its financial stability and mission focus.
This AI summary has been generated from information found on Charity Navigator.
Is Hemophilia Foundation Of Michigan legitimate?
Hemophilia Foundation Of Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hemophilia Foundation Of Michigan 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: $203,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $960,288
For more financial information, click here
Official website here: www.hfmich.org
What is the mission statement of Hemophilia Foundation Of Michigan?
The Hemophilia Foundation of Michigan, in its mission, strives to enhance the quality of life for individuals afflicted by hemophilia, Von Willebrand disease, various coagulation disorders, and related complications such as HIV/AIDS and hepatitis. To achieve this, the foundation offers multiple programs, including community education, prevention, short-term counseling and referral, camps, and advocacy. Its primary goal is to improve the overall wellbeing of those affected by these conditions.
Under the Federal Hemophilia Programs, the Hemophilia Foundation of Michigan provides supervision to 19 hemophilia treatment center grantees, ensuring comprehensive care for individuals with hemophilia and other bleeding and clotting disorders. The foundation offers administrative support and federal pass-through funding for these centers.
In essence, the Hemophilia Foundation of Michigan is committed to improving the lives of individuals with hemophilia and related disorders, providing essential resources and support services, and advocating for better care and understanding of these conditions.
Official website here: www.hfmich.org
Who is the CEO of Hemophilia Foundation Of Michigan?
Susan Lerch is the President of Hemophilia Foundation Of Michigan.
Official website here: www.hfmich.org
What is the revenue of Hemophilia Foundation Of Michigan?
Hemophilia Foundation Of Michigan's revenue in 2022 was $3,850,387.
Official website here: www.hfmich.org
Who are the executives of Hemophilia Foundation Of Michigan and what are their salaries?
The average compensation at Hemophilia Foundation Of Michigan during 2022 was $68,432. There are 17 employees and 30 volunteers at Hemophilia Foundation Of Michigan.
Here are 12 key members and their salaries:
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Official website here: www.hfmich.org
Where can I find the form 990 for Hemophilia Foundation Of Michigan?
Hemophilia Foundation Of Michigan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hfmich.org
Learn more at the official website: www.hfmich.org
Mission Statement of Hemophilia Foundation Of Michigan
The Hemophilia Foundation of Michigan, abbreviated as HFM, is committed to enhancing the quality of life for individuals affected by hemophilia, Von Willebrand disease, other coagulation disorders, and related complications, such as HIV/AIDS and hepatitis. This nonprofit organization strives to achieve this mission by providing support and resources for those in need.
One of the ways HFM fulfills its mission is through its involvement in the Federal Hemophilia Programs. The foundation supervises 19 hemophilia treatment center grantees, ensuring these centers deliver comprehensive care to individuals with hemophilia and other bleeding and clotting disorders. HFM offers administrative support and federal pass-through funding to these treatment centers.
In addition to its work with the Federal Hemophilia Programs, HFM engages in various initiatives to support its mission. These include community education, prevention, short-term counseling and referral, camps, and advocacy. By providing these services, HFM aims to improve the overall well-being of individuals impacted by these conditions, offering them the tools and resources they need to lead fulfilling lives.
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Impact
July, 2024
The Hemophilia Foundation of Michigan plays a crucial role in improving the quality of life for individuals affected by hemophilia, Von Willebrand disease, and other coagulation disorders. They provide supervision to 19 hemophilia treatment center grantees under federal programs, offer community education, prevention initiatives, short-term counseling and referrals, camps, and advocacy efforts. Through their work, they ensure that comprehensive care is delivered to those with these conditions, including related complications such as HIV/AIDS and hepatitis.
This information is meant to be a general summary of Hemophilia Foundation Of Michigan. 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: $20,977
- Program Service Revenue: $60,583
- Gross Receipts: $3,865,962
Assets and Liabilities:
- Total Assets: $3,079,008
- Total Liabilities: $317,383
- Net Assets: $2,761,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADVERTISING
Revenue
$60,583
Organization Details
Founding Year
1970
Phone
(734) 544-0015Principal Officer
Susan Lerch
Main Address
1921 WEST MICHIGAN AVENUE, YPSILANTI, MI, 48197
Website
www.hfmich.orgNTEE Category
Code: G20 - Disease
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