Overview
What is Dakota Medical Foundation?
Dakota Medical Foundation, a recognized leader in addressing societal health issues, is based in Fargo, North Dakota. The organization, along with its supporting entity, Dakota Medical Charities, focuses its grants and initiatives on Access to Healthcare, Chronic Disease Prevention, Organizational Effectiveness, and Innovation. One of their flagship programs, Lend A Hand Up Initiative, was established to help families and individuals in Cass County, North Dakota, Clay County, Minnesota, and Becker County, Minnesota, who face financial hardships due to critical health issues, recent loss of life, or traumatic events. Through fundraising and financial assistance, the Foundations have distributed over $2.8 million since 2008. Their mission is to improve health and quality of life in the region by hosting programs, investing in new ideas, and supporting charities to become successful at fundraising.
Official website here: www.dakmed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Dakota Medical Foundation has earned a commendable Four-Star rating from Charity Navigator, which reflects strong accountability and financial health. This rating, based entirely on a single beacon score, indicates that the foundation maintains rigorous standards in its financial management and transparency.
The organization boasts a perfect score for its independent board composition and demonstrates effective oversight with a well-structured Audit and Oversight Committee. Additionally, Dakota Medical Foundation exhibits excellent financial ratios, including an impressive program expense ratio of 86.92%, which indicates that a significant portion of its funds is directed towards its mission-related activities.
There are no noted limitations in the available data, suggesting that Dakota Medical Foundation operates with a high level of integrity and efficiency. Overall, the foundation's robust financial practices and governance policies position it as a trustworthy nonprofit in the health sector.
This AI summary has been generated from information found on Charity Navigator.
Is Dakota Medical Foundation legitimate?
Dakota Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dakota Medical 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: $358,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,921
For more financial information, click here
Official website here: www.dakmed.org
What is the mission statement of Dakota Medical Foundation?
The Dakota Medical Foundation is dedicated to enhancing health in various communities by leading initiatives and investing in projects that foster well-being. Their mission encompasses creating healthier populations, strengthening the fundraising capabilities of charitable organizations, and supporting innovative ideas that bring about significant health improvements. The foundation's resources enable charities to maximize their impact on people's lives and health by providing them with the necessary financial means to execute their missions effectively.
Official website here: www.dakmed.org
Who is the CEO of Dakota Medical Foundation?
J Patrick Traynor is the Executive Director of Dakota Medical Foundation.
Official website here: www.dakmed.org
What is the revenue of Dakota Medical Foundation?
Dakota Medical Foundation's revenue in 2022 was $15,266,373.
Official website here: www.dakmed.org
Who are the executives of Dakota Medical Foundation and what are their salaries?
The average compensation at Dakota Medical Foundation during 2022 was $55,412. There are 16 employees and 245 volunteers at Dakota Medical Foundation.
Here are 17 key members and their salaries:
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- Compensation: $214,909
- Related: $214,909
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- Related: $214,046
- Other: $45,211
- Compensation: $119,791
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- Other: $18,534
Official website here: www.dakmed.org
Where can I find the form 990 for Dakota Medical Foundation?
Dakota Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dakmed.org
Learn more at the official website: www.dakmed.org
Mission Statement of Dakota Medical Foundation
Dakota Medical Foundation, a leading nonprofit organization, is dedicated to making a significant impact on the health of its region. With a mission to create a community of the healthiest people, the Foundation takes a multifaceted approach to achieving this goal.
First and foremost, Dakota Medical Foundation spearheads initiatives aimed at fostering a healthier population. These efforts encompass building a network of programs and educational initiatives, all with the shared objective of improving regional health and quality of life. The Foundation's influence extends beyond its own initiatives, as it also invests in new ideas that have the potential to bring about widespread health improvement.
In addition to its health-focused initiatives, Dakota Medical Foundation plays a critical role in supporting charities. The organization recognizes the importance of adequate funding for charities to effectively carry out their missions. Towards this end, the Foundation helps charities become exceptional at fundraising. With the financial resources they need, charities are empowered to maximize their impact on the community and contribute meaningfully to the Foundation's vision of a healthier region.
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Impact
October, 2024
Dakota Medical Foundation is a powerful force driving health improvement and access to healthcare in North Dakota and northwest Minnesota. Through a range of initiatives, the Foundation focuses on creating healthy communities and enhancing the quality of life for residents.
One of its key programs, the Lend A Hand Up Initiative, provides crucial financial and fundraising support to families facing hardships due to catastrophic medical issues or traumatic events. In 2022 alone, this program raised $1.5 million to assist 40 families, demonstrating significant community support and engagement. Since its inception, Lend A Hand Up has disbursed over $2.8 million, showcasing its long-term commitment to alleviating the burden of medical crises.
Moreover, Dakota Medical Foundation invests in organizational effectiveness and innovation within charities, helping them enhance their fundraising capabilities. This not only amplifies their impact but also ensures that vital health services reach those who need them most. By leading initiatives in chronic disease prevention and increasing access to healthcare, the Foundation is committed to fostering a healthier population in the region.
This information is meant to be a general summary of Dakota Medical 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: $1,632,592
- Program Service Revenue: $328,724
- Gross Receipts: $15,266,373
Assets and Liabilities:
- Total Assets: $52,060,248
- Total Liabilities: $9,725,679
- Net Assets: $42,334,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$322,404
Miscellaneous
Revenue
$6,320
Organization Details
Founding Year
1960
Phone
(701) 271-0263Principal Officer
J Patrick Traynor
Main Address
4141 28th Avenue S, Fargo, ND, 58104
Website
www.dakmed.orgNTEE Category
Code: E120 - Health
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