Overview
What is Michigan Health Endowment Fund?
The Michigan Health Endowment Fund is a Michigan-based nonprofit organization with a mission to enhance the health and well-being of Michigan residents, with a particular focus on children and seniors. They achieve this by granting funds to various public charities to reduce healthcare costs and improve overall health. With 24 employees, they are dedicated to improving the lives of Michigan residents and making healthcare more affordable for all.
Official website here: www.mihealthfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
The Michigan Health Endowment Fund has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 96%, the organization showcases a commitment to transparency and responsible financial management, supported by a fully independent board and a robust audit and oversight committee.
Strengths of the organization include a high program expense ratio at 95.80%, which suggests that the majority of its funds directly support its mission rather than administrative costs. The fund also demonstrates strong governance practices, with comprehensive policies on conflict of interest and whistleblowing, alongside clear disclosures regarding board and CEO compensation.
One area for improvement noted is the fundraising efficiency ratio, which is quite low at $0.002. This could indicate challenges in fundraising efforts or high costs associated with generating donations, suggesting a need for more effective fundraising strategies to enhance overall financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Health Endowment Fund legitimate?
Michigan Health Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Health Endowment Fund 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: $2,722,954
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,383
For more financial information, click here
Official website here: www.mihealthfund.org
What is the mission statement of Michigan Health Endowment Fund?
The Michigan Health Endowment Fund focuses on enhancing the health of Michigan residents, with a particular concern for children and seniors. Its mission is to reduce the expenses related to healthcare, while significantly improving the health and wellbeing of Michigan's population. By providing grants to various public charities, the fund seeks to address the health concerns of Michigan residents, ensuring a more affordable and accessible healthcare system. With a special emphasis on the health and wellness of children and seniors, the Michigan Health Endowment Fund is dedicated to creating a healthier future for all Michigan residents.
Official website here: www.mihealthfund.org
Who is the CEO of Michigan Health Endowment Fund?
Neel Hajra is the Chief Executive Officer of Michigan Health Endowment Fund. The CEO's salary of Michigan Health Endowment Fund is $307,200 and their total compensation is $359,000.
Official website here: www.mihealthfund.org
What is the revenue of Michigan Health Endowment Fund?
Michigan Health Endowment Fund's revenue in 2022 was $108,315,323.
Official website here: www.mihealthfund.org
Who are the executives of Michigan Health Endowment Fund and what are their salaries?
The average compensation at Michigan Health Endowment Fund during 2022 was $120,306. There are 24 employees at Michigan Health Endowment Fund.
Here are 22 key members and their salaries (Michigan Health Endowment Fund's CEO's salary is $307,200 and their total compensation is $359,000):
- 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
- 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: $307,200
- Related: $0
- Other: $51,800
- Compensation: $252,346
- Related: $0
- Other: $35,731
- Compensation: $182,500
- Related: $0
- Other: $34,616
- Compensation: $228,269
- Related: $0
- Other: $48,751
- Compensation: $174,115
- Related: $0
- Other: $37,913
- Compensation: $163,846
- Related: $0
- Other: $43,788
- Compensation: $173,385
- Related: $0
- Other: $31,749
- Compensation: $165,008
- Related: $0
- Other: $39,754
- Compensation: $143,769
- Related: $0
- Other: $25,511
- Compensation: $141,769
- Related: $0
- Other: $10,141
- Compensation: $120,981
- Related: $0
- Other: $30,890
- Compensation: $114,942
- Related: $0
- Other: $27,082
- Compensation: $120,981
- Related: $0
- Other: $16,117
Official website here: www.mihealthfund.org
Where can I find the form 990 for Michigan Health Endowment Fund?
Michigan Health Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mihealthfund.org
Learn more at the official website: www.mihealthfund.org
Mission Statement of Michigan Health Endowment Fund
The Michigan Health Endowment Fund, a renowned nonprofit organization, is dedicated to enhancing the health and wellbeing of Michigan residents, with a particular focus on children and seniors. By granting funds to various public charities, the organization strives to reduce the cost of healthcare in the state while improving overall health.
In pursuit of its mission, the Michigan Health Endowment Fund channels resources towards initiatives aimed at bettering the lives of Michigan's residents. The organization's commitment to children and seniors is evident in its strategic grants. These investments prioritize the health and wellbeing of these vulnerable populations, ensuring they have access to essential healthcare services and resources.
By reducing the cost of healthcare, the Michigan Health Endowment Fund enables more Michigan residents to access necessary medical care. This, in turn, contributes to a healthier population and a more equitable healthcare system. The organization's emphasis on affordability not only benefits individuals but also fosters a more sustainable healthcare infrastructure for the state.
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Impact
October, 2024
The Michigan Health Endowment Fund significantly impacts the health landscape of Michigan by providing targeted grants aimed at enhancing the well-being of residents, particularly children and seniors. By focusing on prevention and wellness programs, the Fund contributes to better health outcomes and strives to alleviate the financial burden of healthcare.
With its emphasis on improving children's and seniors' health, the Fund supports initiatives that promote active lifestyles, nutritional education, and access to medical services. By addressing these crucial demographics, the organization not only improves individual health but also fosters healthier communities throughout the state.
Moreover, the Fund's commitment to reducing healthcare costs aligns with broader public health goals, ultimately contributing to a more sustainable and efficient healthcare system in Michigan. Through strategic partnerships with various public charities, the Michigan Health Endowment Fund plays a vital role in shaping a healthier future for its residents.
This information is meant to be a general summary of Michigan Health Endowment Fund. 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: $8,315,323
- Gross Receipts: $282,192,499
Assets and Liabilities:
- Total Assets: $363,800,759
- Total Liabilities: $19,700,097
- Net Assets: $344,100,662
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Organization Details
Founding Year
2014
Phone
(517) 374-0031Principal Officer
Neel Hajra
Main Address
9829 SPENCER ROAD 201, BRIGHTON, MI, 481147718
Website
www.mihealthfund.orgNTEE Category
Code: G12 - Disease
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