Overview
What is Hendricks Memorial Healthcare Foundation?
The Hendricks Memorial Healthcare Foundation is a nonprofit organization located in Hendricks, Minnesota, with a mission to support and enhance healthcare services in the local community. Established to benefit and aid the communities served by the Hendricks Community Hospital Association, the foundation collects charitable donations and endowments. Its primary goal is to provide financial assistance for the construction of athletic complexes and multi-purpose exercise facilities, contributing to the promotion of health and well-being in rural areas. By doing so, the Hendricks Memorial Healthcare Foundation aims to maintain and improve the availability of high-quality healthcare services for individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating.
The Hendricks Memorial Healthcare Foundation has received a Two-Star rating from Charity Navigator, reflecting a score of 70%. This score is derived entirely from the Accountability & Finance beacon, which indicates that while the organization demonstrates strong financial health, there are several significant governance issues that need to be addressed.
The foundation excels in several areas, including having a fully independent board and a high program expense ratio at 92.78%, which suggests that a substantial portion of its funds is directed towards its programs. Additionally, the organization has shown diligent management of its assets, with a low liabilities to assets ratio of just 0.51%. However, the rating is adversely affected by missing essential policies and documents, including a conflict of interest policy, a whistleblower policy, and access to board meeting minutes.
Overall, while the foundation shows promise in financial accountability, its lack of transparency and governance documentation raises concerns. Addressing these shortcomings could lead to an improved rating and greater public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hendricks Memorial Healthcare Foundation legitimate?
Hendricks Memorial Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hendricks Memorial Healthcare 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
What is the mission statement of Hendricks Memorial Healthcare Foundation?
The Hendricks Memorial Healthcare Foundation is a nonprofit organization established to benefit and support the communities served by the Hendricks Community Hospital Association. Its primary purpose is to receive charitable gifts and endowments, which are then utilized to maintain the availability of quality healthcare services for those in need. The foundation actively solicits donations, using the funds to contribute to local community projects, such as athletic complexes and multi-purpose exercise facilities. These contributions are part of the foundation's ongoing goal to promote health and well-being in rural communities. In essence, the Hendricks Memorial Healthcare Foundation aims to enhance the overall healthcare landscape and community health in the areas it serves.
What is the revenue of Hendricks Memorial Healthcare Foundation?
Hendricks Memorial Healthcare Foundation's revenue in 2024 was $29,071.
Who are the executives of Hendricks Memorial Healthcare Foundation and what are their salaries?
There 5 volunteers at Hendricks Memorial Healthcare Foundation.
Here are 5 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
Where can I find the form 990 for Hendricks Memorial Healthcare Foundation?
Hendricks Memorial Healthcare Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Hendricks Memorial Healthcare Foundation
The Hendricks Memorial Healthcare Foundation, a nonprofit tax-exempt corporation, is established with the intention of supporting and benefiting the communities served by the Hendricks Community Hospital Association. Its primary purpose is to receive charitable gifts and endowments, aiming to sustain the availability of high-quality healthcare services for those in need. The foundation's mission is to invest in the well-being of the community by providing funds for athletic complexes and multi-purpose exercise facilities. This ongoing initiative is an integral part of the foundation's commitment to promoting health and wellness in rural 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
August, 2024
Hendricks Memorial Healthcare Foundation's impact is significant in promoting health and well-being in rural communities served by the Hendricks Community Hospital Association. The foundation solicits donations to provide funds for athletic complexes and multi-purpose exercise facilities, supporting the goal of ensuring quality healthcare services are available to those in need. Through its initiatives, the foundation plays a vital role in enhancing the health of the community and improving access to healthcare services.
This information is meant to be a general summary of Hendricks Memorial Healthcare 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 2024.
- Investment Income: $197
- Gross Receipts: $29,071
Assets and Liabilities:
- Total Assets: $616,807
- Total Liabilities: $3,200
- Net Assets: $613,607
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.
SUPPORT OF HEALTHCARE
Organization Details
Principal Officer
Paul Olson
NTEE Category
Code: E70 - Health
If you are a representative of Hendricks Memorial Healthcare Foundation 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.