Overview
What is North Memorial Foundation?
North Memorial Foundation is a dedicated nonprofit organization based in Robbinsdale, Minnesota. Its primary mission is to support North Memorial Health Care, contributing to its goal of providing exceptional and compassionate patient care. The foundation achieves this by leveraging philanthropy, enabling donors to contribute to enhancing the experiences of patients and their families. One of their initiatives involves fostering cultural awareness and equity among its team members through training programs and workshops, aiming to better serve diverse patient populations. Furthermore, they have an Emerging Leaders Program, designed to equip outstanding team members with essential life and leadership skills, with a special focus on increasing diversity within the organization's leadership community.
Official website here: www.northmemorial.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The North Memorial Foundation has achieved a commendable score of 96%, earning it a Four-Star rating from Charity Navigator. This high rating reflects the organization's strong commitment to accountability and finance, with a perfect score in various key areas such as the independent board members and financial oversight. The majority of its board members are independent, which demonstrates a robust governance structure.
Strengths highlighted include a very high program expense ratio of 97.48%, indicating that nearly all funds are directed towards programmatic activities rather than administrative costs. Additionally, the organization has robust policies in place regarding conflict of interest, whistleblower protections, and document retention, which contribute to its transparency and ethical management practices.
Overall, the North Memorial Foundation demonstrates strong financial health and governance practices, which are crucial for donor confidence. The absence of material diversion of assets and a favorable liabilities to assets ratio further enhance the foundation's standing as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is North Memorial Foundation legitimate?
North Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Memorial Foundation 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.northmemorial.com
What is the mission statement of North Memorial Foundation?
The North Memorial Foundation's mission is to support North Memorial Health Care in its commitment to improving and saving lives. Through philanthropy, the foundation enables the provision of compassionate and extraordinary care to patients and their families. The organization actively engages in initiatives to enhance awareness of diverse customer cultures, health beliefs, and biases among its leadership and board members. Furthermore, the North Memorial Foundation funds programs like the Emerging Leaders Program, which empowers and equips outstanding team members with essential life and leadership skills, with a particular focus on increasing diversity in the leadership community.
Official website here: www.northmemorial.com
Who is the CEO of North Memorial Foundation?
Kent Spaulding is the Director of North Memorial Foundation.
Official website here: www.northmemorial.com
What is the revenue of North Memorial Foundation?
North Memorial Foundation's revenue in 2022 was $1,471,452.
Official website here: www.northmemorial.com
Who are the executives of North Memorial Foundation and what are their salaries?
There 51 volunteers at North Memorial Foundation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $1,741,361
- Other: $544,406
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- Related: $399,284
- Other: $35,216
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- Related: $86,670
- Other: $13,590
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- Related: $227,548
- Other: $25,562
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- Other: $0
- Compensation: $0
- Related: $306,047
- Other: $23,771
Official website here: www.northmemorial.com
Where can I find the form 990 for North Memorial Foundation?
North Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northmemorial.com
Learn more at the official website: www.northmemorial.com
Mission Statement of North Memorial Foundation
North Memorial Foundation's mission revolves around supporting North Memorial Health Care and its commitment to transforming and preserving lives. Through philanthropy, the foundation enables donors to contribute to offering compassionate, exceptional care to patients and their families. By participating in trainings and activities, over 180 board members, leaders, and DEI workgroup members of North Memorial Health Foundation enhance their understanding of diverse customers' cultural identities, health beliefs, and their own biases. The organization also inaugurated the Emerging Leaders Program, which equips and empowers outstanding team members with essential life and leadership skills. Notably, the first cohort, aimed at increasing diversity in leadership, was funded by North Memorial Health Foundation, exclusively for team members of color.
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Impact
July, 2024
North Memorial Foundation's impact can be seen in the positive changes and advancements it brings to North Memorial Health Care, ultimately leading to saving and changing lives. Through the support of philanthropic donors, the foundation ensures that patients and their families receive compassionate and remarkable care. Additionally, the foundation is actively involved in promoting diversity and awareness within the healthcare system, with initiatives such as cultural competency trainings and leadership programs aimed at increasing diversity among leadership roles. This comprehensive approach not only improves patient outcomes but also fosters a more inclusive and effective healthcare environment.
This information is meant to be a general summary of North Memorial Foundation. 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: $298,838
- Gross Receipts: $1,677,341
Assets and Liabilities:
- Total Assets: $10,934,120
- Total Liabilities: $101,553
- Net Assets: $10,832,567
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Organization Details
Founding Year
1993
Phone
(763) 520-5200Principal Officer
Kent Spaulding
Main Address
3300 OAKDALE AVENUE NORTH, ROBBINSDALE, MN, 554222900
Website
www.northmemorial.comNTEE Category
Code: Z99Z - Unknown
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