Overview
What is Montgomery County Memorial Hospital Foundation?
Montgomery County Memorial Hospital Foundation is a charitable organization situated in Red Oak, Iowa. Its primary role involves soliciting and managing contributions from individuals and businesses. These funds are then allocated as grants to Montgomery County Memorial Hospital, serving to upgrade medical equipment, maintain facilities, and procure necessary resources. This enables the hospital to deliver high-quality healthcare to residents of Montgomery County and its surrounding areas. Beyond financial support, the foundation's mission also encompasses educational and healthcare purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 73%).
The Montgomery County Memorial Hospital Foundation has received a two-star rating, indicating that there are areas where improvement is necessary. The foundation excels in accountability and finance, achieving a perfect score in this category, which reflects its strong governance practices, such as having a majority of independent board members and no material diversion of assets.
However, the organization has significant gaps in transparency and policy documentation. Key policies related to conflict of interest, whistleblower protections, and document retention are missing, which may raise concerns about the foundation's commitment to best practices in governance. While the foundation demonstrates financial responsibility through a low liabilities-to-assets ratio and a high program expense ratio, the absence of critical disclosures on its tax form could hinder its overall credibility and trustworthiness in the eyes of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Memorial Hospital Foundation legitimate?
Montgomery County Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Memorial Hospital 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Montgomery County Memorial Hospital Foundation?
The Montgomery County Memorial Hospital Foundation's mission is centered around accepting contributions and grants for educational and healthcare purposes. This organization aims to utilize these funds for the betterment of Montgomery County Memorial Hospital, specifically for equipment upgrades, maintenance, and purchases. The ultimate goal is to enhance the hospital's capability to deliver top-notch healthcare services to Montgomery County and its surrounding areas.
Who is the CEO of Montgomery County Memorial Hospital Foundation?
Laura Kloewer is the President of Montgomery County Memorial Hospital Foundation.
What is the revenue of Montgomery County Memorial Hospital Foundation?
Montgomery County Memorial Hospital Foundation's revenue in 2022 was $72,410.
Who are the executives of Montgomery County Memorial Hospital Foundation and what are their salaries?
There 11 volunteers at Montgomery County Memorial Hospital Foundation.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Montgomery County Memorial Hospital Foundation?
Montgomery County Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montgomery County Memorial Hospital Foundation
Montgomery County Memorial Hospital Foundation, a nonprofit organization, is dedicated to collecting contributions and grants for educational and healthcare purposes. Their primary objective is to utilize these funds to enhance the quality of healthcare provided by Montgomery County Memorial Hospital. The foundation accepts donations from both individuals and businesses, which are then allocated towards upgrading hospital equipment, maintaining facilities, and making necessary purchases. By doing so, Montgomery County Memorial Hospital is able to continue delivering top-notch healthcare services to residents of Montgomery County and its surrounding areas.
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Impact
August, 2024
Montgomery County Memorial Hospital Foundation plays a crucial role in supporting Montgomery County Memorial Hospital in Red Oak, Iowa, and its surrounding communities. By accepting contributions and grants for educational and healthcare purposes, the foundation helps the hospital with equipment upgrades, maintenance, and purchases. This support enables the hospital to provide quality healthcare services to the residents of Montgomery County and the surrounding areas. Through its philanthropic efforts, the foundation positively impacts the well-being and healthcare outcomes of the local community.
This information is meant to be a general summary of Montgomery County Memorial Hospital 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: $2,778
- Gross Receipts: $78,168
Assets and Liabilities:
- Total Assets: $2,184,900
- Total Liabilities: $0
- Net Assets: $2,184,900
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Organization Details
Founding Year
1984
Phone
(712) 623-7185Principal Officer
Laura Kloewer
Main Address
PO BOX 498, RED OAK, IA, 51566
NTEE Category
Code: T30 - Philanthropy
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