Overview
What is Munson Healthcare Foundations?
Munson Healthcare Foundations is a nonprofit organization based in Traverse City, Michigan, with a mission to inspire charitable support for enhancing healthcare in the local community. They primarily fund initiatives for Munson Medical Center, a related organization within the Munson Healthcare system. Their support has significantly contributed to various projects, such as expanding surgical services, installing advanced imaging equipment, and providing operational support for stroke-related supplies. Additionally, they address unmet healthcare needs in the Munson service area, invest in medical equipment purchases, support child health and wellness programs, fund cancer research, and contribute to therapy services, continuing medical education, and staff training. The organization also supports other hospital-based programs, aiming to promote overall community health.
Official website here: www.munsonhealthcare.org
What are the reviews and ratings of this charity?
**Rating: 97% (Four-Star out of Four Star rating on Charity Navigator)**
Munson Healthcare Foundations has achieved an impressive score of 97%, highlighting its strong performance in accountability and finance. The rating reflects a robust governance structure with a majority independent board (77%) and comprehensive financial oversight, including an effective audit committee. The organization excels in both program expense ratio (84.01%) and fundraising efficiency, showcasing its commitment to maximizing resources for its mission.
The financial health of Munson Healthcare Foundations is further illustrated by a favorable liabilities-to-assets ratio and significant working capital, ensuring sustainability. Their policies on conflict of interest, whistleblower protection, and document retention underscore a strong ethical framework and transparency in operations.
Despite these strengths, the absence of public user reviews from GreatNonprofits prevents a full view of community sentiment towards the organization. The fiscal responsibility and governance policies are commendable; however, insights from the public could provide additional context on the organization’s impact and effectiveness from those directly engaged with its services.
This AI summary has been generated from information found on Charity Navigator.
Is Munson Healthcare Foundations legitimate?
Munson Healthcare Foundations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Munson Healthcare Foundations 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: $15,800
Other Salaries and Wages: $1,026,373
For more financial information, click here
Official website here: www.munsonhealthcare.org
What is the mission statement of Munson Healthcare Foundations?
The mission of Munson Healthcare Foundations is to inspire charitable support, aiming to enhance healthcare for the people residing in a specific region. The organization's objectives include providing support for Munson Healthcare and its affiliates, assisting in charitable manners to accomplish their health care purposes, obtaining funds for public charities focused on health maintenance, education, and disease prevention, benefiting Munson Healthcare and its affiliates, and participating in activities that promote the general health of the community. Additionally, they collaborate in achieving Munson Healthcare's regional fundraising targets and goals.
Official website here: www.munsonhealthcare.org
Who is the CEO of Munson Healthcare Foundations?
Debra Henderson is the President of Munson Healthcare Foundations.
Official website here: www.munsonhealthcare.org
What is the revenue of Munson Healthcare Foundations?
Munson Healthcare Foundations's revenue in 2022 was $10,371,970.
Official website here: www.munsonhealthcare.org
Who are the executives of Munson Healthcare Foundations and what are their salaries?
The average compensation at Munson Healthcare Foundations during 2022 was $60,375. There are 17 employees and 8 volunteers at Munson Healthcare Foundations.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $1,193,233
- Other: $223,158
- Compensation: $0
- Related: $528,784
- Other: $18,309
- Compensation: $0
- Related: $368,822
- Other: $67,951
- Compensation: $0
- Related: $240,589
- Other: $31,789
- Compensation: $0
- Related: $188,368
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.munsonhealthcare.org
Where can I find the form 990 for Munson Healthcare Foundations?
Munson Healthcare Foundations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.munsonhealthcare.org
Learn more at the official website: www.munsonhealthcare.org
Mission Statement of Munson Healthcare Foundations
Munson Healthcare Foundations, a charitable organization, is dedicated to inspiring philanthropic support to enhance healthcare services for the people of Northern Michigan. Its primary objectives include providing assistance to Munson Healthcare, a Michigan nonprofit corporation, and its affiliates in achieving their health care purposes. The foundation also aims to contribute to public charities in the areas of health maintenance, education, and disease prevention. It strives to benefit Munson Healthcare and its affiliates by distributing income or transferring assets to support them. Furthermore, Munson Healthcare Foundations participates in promoting the general health of the community and works towards achieving Munson Healthcare's regional fundraising targets and goals. In summary, Munson Healthcare Foundations serves as a catalyst for charitable contributions that enhance healthcare services and promote community health in Northern Michigan.
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Impact
July, 2024
Munson Healthcare Foundations has a significant impact on enhancing healthcare for the people of Northern Michigan. By inspiring charitable support and fundraising initiatives, the foundation provides vital financial aid to Munson Medical Center and other affiliated healthcare organizations within the Munson Healthcare system. This support enables the expansion of crucial medical services, acquisition of state-of-the-art equipment, and the implementation of programs aimed at addressing unmet healthcare needs in the region.
Major initiatives funded by Munson Healthcare Foundations include the enhancement of surgical services, installation of advanced imaging systems, capital support for essential equipment like MRI machines, operational assistance for stroke-related care, and physician recruitment efforts. Additionally, the foundation also contributes towards various healthcare programs such as child health and wellness, cancer research, therapy services, continuing medical education, and staff training.
Through its mission of inspiring charitable support, Munson Healthcare Foundations plays a pivotal role in improving the overall health and well-being of the community in Northern Michigan.
This information is meant to be a general summary of Munson Healthcare Foundations. 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: $2,062,908
- Program Service Revenue: $1,533,901
- Gross Receipts: $31,655,512
Assets and Liabilities:
- Total Assets: $72,204,145
- Total Liabilities: $282,427
- Net Assets: $71,921,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SERVICE REVENUE
Revenue
$1,533,901
Organization Details
Founding Year
1985
Phone
(231) 935-5000Principal Officer
Debra Henderson
Main Address
1105 SIXTH STREET, TRAVERSE CITY, MI, 49684
Website
www.munsonhealthcare.orgNTEE Category
Code: E80 - Health
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