Overview
What is Door County Memorial Hospital Foundation Inc?
Door County Memorial Hospital Foundation Inc, located in Sturgeon Bay, Wisconsin, serves as a nonprofit organization that receives donations, bequests, and raises funds for specific purposes or needs. Their primary mission is to support Door County Memorial Hospital, ensuring high-quality care for local residents and visitors. They accomplish this by administering and investing funds, making payments for the hospital's benefit, and operating through the auxiliary, which supports the hospital with activities such as a gift shop. The foundation's activities extend beyond the hospital, benefiting tax-exempt organizations as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
Door County Memorial Hospital Foundation Inc has received a solid rating of 86%, reflecting its commitment to accountability and finance. The score is derived entirely from its Accountability & Finance metrics, where the organization excels in several areas, including having a fully independent board and strong financial statement audits.
The foundation has demonstrated commendable financial health with a program expense ratio of 96.69%, indicating that a significant portion of its resources is directed towards its programs. The organization has also maintained a low liabilities-to-assets ratio of 0.51%, showcasing a strong balance sheet. However, there are areas for improvement, specifically in governance policies, as the foundation is noted to be lacking in both a whistleblower policy and a document retention and destruction policy.
While Door County Memorial Hospital Foundation Inc displays strong financial accountability overall, the absence of certain policies suggests a need for enhanced governance practices to strengthen transparency and compliance. Overall, the foundation appears to be a reliable nonprofit dedicated to its mission, yet it has opportunities to improve its internal policies.
This AI summary has been generated from information found on Charity Navigator.
Is Door County Memorial Hospital Foundation Inc legitimate?
Door County Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Door County Memorial Hospital 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
What is the mission statement of Door County Memorial Hospital Foundation Inc?
The Door County Memorial Hospital Foundation Inc., functioning as a nonprofit organization, seeks to support the objectives of Door County Medical Center. This is achieved by offering fundraising and volunteer opportunities, ensuring quality healthcare for all residents and visitors in the served communities. The foundation's role includes receiving gifts and bequests, raising funds for specific purposes or needs, managing and investing funds, and making payments to benefit tax-exempt organizations, primarily Door County Memorial Hospital. The auxiliary associated with the foundation engages in various activities to support the hospital, such as operating a gift shop.
Who is the CEO of Door County Memorial Hospital Foundation Inc?
Brian Stephens is the President of Door County Memorial Hospital Foundation Inc. The CEO's salary of Door County Memorial Hospital Foundation Inc is $0 and their total compensation is $373,353.
What is the revenue of Door County Memorial Hospital Foundation Inc?
Door County Memorial Hospital Foundation Inc's revenue in 2023 was $1,231,074.
Who are the executives of Door County Memorial Hospital Foundation Inc and what are their salaries?
There 220 volunteers at Door County Memorial Hospital Foundation Inc.
Here are 15 key members and their salaries (Door County Memorial Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $373,353):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $119,347
- Other: $23,745
- Compensation: $0
- Related: $337,331
- Other: $36,022
Where can I find the form 990 for Door County Memorial Hospital Foundation Inc?
Door County Memorial Hospital Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Door County Memorial Hospital Foundation Inc
Door County Memorial Hospital Foundation Inc, as a non-profit organization, is committed to supporting the objectives of Door County Medical Center. It achieves this by offering fundraising and volunteer opportunities, ensuring the provision of quality healthcare for all residents and visitors in the served communities. The foundation receives donations and bequeaths, raises funds for specific needs, manages and invests these funds, and makes payments to benefit the tax-exempt organization, Door County Memorial Hospital. The hospital auxiliary supports this mission by engaging in various activities, including operating a gift shop.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Door County Memorial Hospital Foundation Inc's impact is significant in supporting the goals of Door County Medical Center by providing the necessary fundraising and volunteer opportunities to ensure quality care for all residents and visitors in the communities they serve. The Foundation receives gifts and bequests, raises funds for specific purposes or needs, administers and invests funds, and disburses payments to and for the benefit of Door County Memorial Hospital. Through their efforts, they play a crucial role in enhancing healthcare services and addressing the health needs of the community.
This information is meant to be a general summary of Door County Memorial Hospital 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 2023.
- Investment Income: $12,886
- Gross Receipts: $1,322,111
Assets and Liabilities:
- Total Assets: $2,561,562
- Total Liabilities: $13,114
- Net Assets: $2,548,448
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(920) 746-1071Principal Officer
Brian Stephens
Main Address
228 S 18TH AVENUE, STURGEON BAY, WI, 54235
NTEE Category
Code: E11 - Health
If you are a representative of Door County Memorial Hospital Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.