Overview
What is Memorial Foundation Of Allen Hospital?
The Memorial Foundation of Allen Hospital is a charitable organization situated in Waterloo, Iowa, with an address at 1825 Logan Ave. Its primary objective is to raise funds to enhance and expand the facilities and services offered by Allen Memorial Hospital Corporation and Allen College. This includes financing equipment purchases, offsetting operational expenses, and providing scholarships or lectureships to individuals affiliated with these institutions. The foundation also extends its support to local rural health communities related to Allen Memorial Hospital Corporation and makes miscellaneous grants and contributions to organizations and individuals associated with the aforementioned entities. The Memorial Foundation of Allen Hospital plays a significant role in strengthening the programs, services, and community relationships within Allen Health System.
Official website here: www.unitypoint.org/waterloo/foundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star Rating.
The Memorial Foundation of Allen Hospital has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial stability. The organization's overall score is entirely based on its accountability and finance metrics, which are exceptional. With 77% of the board members being independent and a robust financial oversight structure, the foundation demonstrates a high level of governance and transparency.
Strengths identified include a solid program expense ratio of nearly 74%, indicating that a significant portion of its expenses goes directly toward its programs. The foundation maintains remarkable fundraising efficiency, with only $0.17 spent to raise each dollar, and a high working capital ratio of 7.18 years, showcasing its financial health and sustainability. Additionally, policies regarding conflict of interest, whistleblowing, and document retention are clearly outlined and publicly available, contributing to its credibility.
Overall, the foundation's excellent financial practices and governance structure position it as a trustworthy nonprofit. No notable limitations have been reported in the available data, reinforcing the organization's positive standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Foundation Of Allen Hospital legitimate?
Memorial Foundation Of Allen Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Foundation Of Allen Hospital 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: $56,144
Other Salaries and Wages: $555,055
For more financial information, click here
Official website here: www.unitypoint.org/waterloo/foundation
What is the mission statement of Memorial Foundation Of Allen Hospital?
The Memorial Foundation of Allen Hospital's mission is to bolster the programs, services, and community relationships of the Allen Health System. To accomplish this, the foundation raises funds to maintain, develop, and expand the facilities and services of Allen Memorial Hospital Corporation and Allen College. The foundation supports the missions of Allen Health Systems, Inc. and its subsidiaries by securing financial contributions and investing the proceeds. The grant, allocation, and program support services provided by the foundation may include, but are not limited to, contributions to Allen Memorial Hospital Corporation and Allen College for equipment purchases, offsetting operating expenses, and scholarships or lectures awarded to individuals associated with the institutions. Additionally, the foundation grants funds to local rural health communities associated with Allen Memorial Hospital Corporation and makes miscellaneous contributions to organizations and individuals associated with Allen Memorial Hospital Corporation and Allen College.
Official website here: www.unitypoint.org/waterloo/foundation
Who is the CEO of Memorial Foundation Of Allen Hospital?
Pam Delagardelle is the Principal Officer of Memorial Foundation Of Allen Hospital. The CEO's salary of Memorial Foundation Of Allen Hospital is $0 and their total compensation is $776,773.
Official website here: www.unitypoint.org/waterloo/foundation
What is the revenue of Memorial Foundation Of Allen Hospital?
Memorial Foundation Of Allen Hospital's revenue in 2022 was $5,297,366.
Official website here: www.unitypoint.org/waterloo/foundation
Who are the executives of Memorial Foundation Of Allen Hospital and what are their salaries?
There 14 volunteers at Memorial Foundation Of Allen Hospital.
Here are 23 key members and their salaries (Memorial Foundation Of Allen Hospital's CEO's salary is $0 and their total compensation is $776,773):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $671,810
- Other: $104,963
- Compensation: $0
- Related: $279,596
- Other: $14,148
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $480,656
- Other: $45,470
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- Other: $0
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- Related: $82,175
- Other: $6,428
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $136,038
- Other: $23,148
- Compensation: $0
- Related: $192,459
- Other: $14,913
- Compensation: $0
- Related: $404,542
- Other: $75,866
- Compensation: $0
- Related: $836,068
- Other: $163,461
Official website here: www.unitypoint.org/waterloo/foundation
Where can I find the form 990 for Memorial Foundation Of Allen Hospital?
Memorial Foundation Of Allen Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitypoint.org/waterloo/foundation
Learn more at the official website: www.unitypoint.org/waterloo/foundation
Mission Statement of Memorial Foundation Of Allen Hospital
The Memorial Foundation of Allen Hospital is a charitable organization with a mission to strengthen the programs, services, and community relationships of Allen Health System. This foundation raises funds to maintain, develop, increase, and extend the facilities and services offered by Allen Memorial Hospital Corporation and Allen College in Waterloo, Iowa. By doing so, it aims to provide broader hospital, medical, and educational service opportunities to patients, students, staff, faculty, and residents in the surrounding area. The foundation supports the missions of Allen Health Systems, Inc. and its subsidiaries by securing financial contributions and investing the proceeds.
The Memorial Foundation of Allen Hospital offers various grant, allocation, and program support services. These services may include contributions to Allen Memorial Hospital Corporation and Allen College for equipment purchases, to offset operating expenses and miscellaneous costs. Additionally, the foundation awards scholarships and lectureships to individuals associated with Allen Memorial Hospital Corporation and Allen College. Furthermore, the foundation provides grants to local rural health communities associated with Allen Memorial Hospital Corporation. Lastly, it offers miscellaneous grants and contributions to organizations and individuals associated with Allen Memorial Hospital Corporation and Allen College.
In summary, the Memorial Foundation of Allen Hospital is a vital organization that works towards enhancing the programs, services, and community relationships of Allen Health System. It achieves this by raising funds and offering various grant, allocation, and program support services to Allen Memorial Hospital Corporation, Allen College, and local rural health communities. These efforts ultimately provide broader hospital, medical, and educational service opportunities to the community they serve.
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Impact
July, 2024
Memorial Foundation Of Allen Hospital's impactful work strengthens the programs, services, and community relationships of Allen Health System. By raising funds to maintain, develop, and extend the facilities and services of Allen Memorial Hospital Corporation and Allen College in Waterloo, IA, the foundation provides broader hospital, medical, and educational service opportunities to patients, students, staff, faculty, and residents of the geographical area they serve. Through grants, allocations, and program support, the foundation contributes to equipment purchases, offsets operating expenses, provides scholarships and lectureships, offers grants to local rural health communities, and supports various other organizations and individuals associated with Allen Memorial Hospital Corporation and Allen College. Overall, the Memorial Foundation Of Allen Hospital plays a vital role in advancing healthcare, education, and community well-being in Waterloo, Iowa, and beyond.
This information is meant to be a general summary of Memorial Foundation Of Allen Hospital. 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: $991,761
- Gross Receipts: $6,965,651
Assets and Liabilities:
- Total Assets: $23,364,359
- Total Liabilities: $185,812
- Net Assets: $23,178,547
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Organization Details
Founding Year
1983
Phone
(319) 235-3995Principal Officer
Pam Delagardelle
Main Address
1825 LOGAN AVE, WATERLOO, IA, 507031916
NTEE Category
Code: E112 - Health
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