Overview
What is Oak Hills Memorial Foundation Inc?
Oak Hills Memorial Foundation Inc, located in New Ulm, Minnesota, is a nonprofit organization that primarily supports Highland Manor Inc, doing business as Oak Hills Living Center, and Oak View Apartments Inc. Their primary mission is to enhance the quality of life for the residents of these organizations by raising, holding, investing, and distributing non-operating revenue. This foundation is dedicated to supporting its affiliated organizations and improving the living conditions of their residents.
Official website here: www.oakhillsfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Oak Hills Memorial Foundation Inc has earned a score of 76%, indicating a solid performance in terms of accountability and finance. This organization has achieved a Three-Star rating, reflecting its commitment to transparency and effective financial management. The rating is derived entirely from the accountability and finance beacon, which highlights the foundation's strengths in maintaining a majority independent board and a low liability-to-assets ratio.
One of the key strengths noted is the foundation's board composition, which consists of 100% independent members, demonstrating a commitment to governance. Additionally, the organization has reported no material diversions of assets, ensuring that funds are utilized as intended. Their program expense ratio of 69.58% suggests that a significant portion of their resources is directed towards their programs rather than administrative costs.
However, the foundation does have some limitations in its policies, notably the absence of a whistleblower policy and document retention and destruction protocols. These missing elements are areas for potential improvement, which could enhance the organization's overall governance and accountability framework. Despite these shortcomings, the foundation's financial practices and board independence are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Hills Memorial Foundation Inc legitimate?
Oak Hills Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Hills 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.oakhillsfoundation.com
What is the mission statement of Oak Hills Memorial Foundation Inc?
The Oak Hills Memorial Foundation Inc's mission is centered around raising, holding, and distributing non-operational revenue. This revenue is primarily utilized to support its affiliated organizations, specifically Highland Manor Inc (operating as Oak Hills Living Center) and Oak View Apartments Inc. The foundation's primary goal is to enhance the quality of life for the residents of these organizations. By raising funds, investing them, and distributing the earnings, the foundation aims to contribute significantly to the well-being of the individuals under its care.
Official website here: www.oakhillsfoundation.com
Who is the CEO of Oak Hills Memorial Foundation Inc?
Mike Furth is the Chair of Oak Hills Memorial Foundation Inc.
Official website here: www.oakhillsfoundation.com
What is the revenue of Oak Hills Memorial Foundation Inc?
Oak Hills Memorial Foundation Inc's revenue in 2022 was $638,112.
Official website here: www.oakhillsfoundation.com
Who are the executives of Oak Hills Memorial Foundation Inc and what are their salaries?
There 10 volunteers at Oak Hills Memorial Foundation Inc.
Here are 13 key members and their salaries:
- 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: $131,131
- Other: $26,792
- Compensation: $0
- Related: $89,560
- Other: $24,848
- Compensation: $0
- Related: $67,231
- Other: $5,682
Official website here: www.oakhillsfoundation.com
Where can I find the form 990 for Oak Hills Memorial Foundation Inc?
Oak Hills Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakhillsfoundation.com
Learn more at the official website: www.oakhillsfoundation.com
Mission Statement of Oak Hills Memorial Foundation Inc
Oak Hills Memorial Foundation, a nonprofit organization, is committed to raising, holding, investing, and distributing non-operating revenue. This revenue is specifically allocated for the support of its associated organizations. The primary objective of Oak Hills Memorial Foundation is to enhance the quality of life for the residents of Highland Manor Inc, doing business as Oak Hills Living Center, and Oak View Apartments, Inc. By providing financial assistance, the foundation aims to contribute to the well-being and overall living experience of these communities.
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
Oak Hills Memorial Foundation Inc plays a critical role in enhancing the quality of life for the residents of Highland Manor Inc (dba Oak Hills Living Center) and Oak View Apartments Inc in New Ulm, MN. By raising, holding, investing, and distributing non-operating revenue for these supported organizations, the foundation has a direct impact on improving the well-being and care provided to those living in these facilities. Through its philanthropic efforts, Oak Hills Memorial Foundation Inc ensures that the residents receive the support they need to lead fulfilling and comfortable lives.
This information is meant to be a general summary of Oak Hills 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: $11,700
- Program Service Revenue: $33,013
- Gross Receipts: $647,396
Assets and Liabilities:
- Total Assets: $1,301,552
- Total Liabilities: $3,893
- Net Assets: $1,297,659
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORING MEMBERSHIPS
Revenue
$33,013
Organization Details
Founding Year
1992
Phone
(507) 359-2120Principal Officer
Mike Furth
Main Address
1314 EIGHTH NORTH STREET, NEW ULM, MN, 56073
Website
www.oakhillsfoundation.comNTEE Category
Code: T30 - Philanthropy
If you are a representative of Oak Hills Memorial 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.