Overview
What is Magruder Hospital Foundation?
Magruder Hospital Foundation is a nonprofit organization, functioning under the guidelines of Code Section 509(a)(3), that supports H.B. Magruder Memorial Hospital. Its primary role is to contribute to the hospital's mission without generating revenue or incurring expenses. In 2013, the Foundation was awaiting approval from the IRS before commencing its activities. The Foundation's purpose is to enhance the capabilities and operations of H.B. Magruder Memorial Hospital, helping it serve the community better.
Official website here: www.magruderhospital.com
Is Magruder Hospital Foundation legitimate?
Magruder Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magruder 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,206
For more financial information, click here
Official website here: www.magruderhospital.com
What is the mission statement of Magruder Hospital Foundation?
The Magruder Hospital Foundation, functioning as a supporting organization, is committed to adhering to the guidelines set by Code Section 509(a)(3). Its primary purpose is to reinforce the operations of H.B. Magruder Memorial Hospital. In 2013, the foundation did not generate any revenues or incur expenses, as it was still awaiting approval from the IRS to commence its activities fully.
Official website here: www.magruderhospital.com
Who is the CEO of Magruder Hospital Foundation?
Nicholas Marsico is the CEO of Magruder Hospital Foundation The CEO's salary of Magruder Hospital Foundation is $0 and their total compensation is $285,416.
Official website here: www.magruderhospital.com
What is the revenue of Magruder Hospital Foundation?
Magruder Hospital Foundation's revenue in 2023 was $161,231.
Official website here: www.magruderhospital.com
Who are the executives of Magruder Hospital Foundation and what are their salaries?
There 15 volunteers at Magruder Hospital Foundation.
Here are 19 key members and their salaries (Magruder Hospital Foundation's CEO's salary is $0 and their total compensation is $285,416):
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- Related: $257,339
- Other: $28,077
- Compensation: $0
- Related: $155,951
- Other: $36,309
- Compensation: $0
- Related: $86,229
- Other: $15,257
- Compensation: $0
- Related: $47,106
- Other: $1,244
Official website here: www.magruderhospital.com
Where can I find the form 990 for Magruder Hospital Foundation?
Magruder Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.magruderhospital.com
Learn more at the official website: www.magruderhospital.com
Mission Statement of Magruder Hospital Foundation
Magruder Hospital Foundation, functioning as a supporting organization, is committed to upholding its role as defined by Code Section 509(a)(3). This implies that its primary purpose is to bolster the operations of H.B. Magruder Memorial Hospital. In 2013, the Foundation did not incur any revenues or expenses, as it was in the process of waiting for its determination letter from the Internal Revenue Service (IRS). This period of inactivity was likely a transitional phase for the organization, marking its establishment and preparation for future activities. During this period, Magruder Hospital Foundation was essentially laying the groundwork for its mission, awaiting official recognition and authorization from the IRS.
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Impact
October, 2024
Magruder Hospital Foundation plays a vital role in enhancing healthcare services at H.B. Magruder Memorial Hospital in Port Clinton, Ohio. By operating as a supporting organization, it focuses on bolstering the hospital's capabilities and ensuring that the community has access to quality healthcare. The foundation’s efforts are directed towards creating a sustainable financial framework that enables the hospital to deliver essential medical services effectively. Through its mission, the foundation fosters a healthy community by supporting various initiatives that address local health needs, ultimately improving patient care and fostering wellness for residents in the area.
This information is meant to be a general summary of Magruder 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 2023.
- Investment Income: $52,908
- Gross Receipts: $186,609
Assets and Liabilities:
- Total Assets: $2,407,817
- Total Liabilities: $0
- Net Assets: $2,407,817
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Organization Details
Founding Year
2013
Principal Officer
Nicholas Marsico
Website
www.magruderhospital.comNTEE Category
Code: E11 - Health
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