Overview
What is Methodist Medical Center Foundation?
Methodist Medical Center Foundation is a nonprofit organization situated in Peoria, Illinois. Its primary goal is to raise funds to enhance, expand, and improve the facilities and services offered by Methodist Medical Center of Illinois, Proctor Hospital, Methodist College, and UnityPoint Clinic, all situated in Peoria. The foundation achieves this by soliciting financial contributions and utilizing the proceeds to support various departments within these institutions. The support may take the form of equipment purchases, offsetting operational expenses, sponsoring educational programs, seminars, and research initiatives. Additionally, the foundation provides miscellaneous grants to organizations and individuals associated with these institutions. As a resource to the broader UnityPoint Health System in the Central Illinois region, the foundation's activities extend beyond the mentioned institutions, focusing on healthcare and education, attracting, retaining, and growing donors with interests in the community's overall health improvement.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
**Methodist Medical Center Foundation**
**Charity Navigator Rating: 100% (Four-Star out of Four Stars)**
The Methodist Medical Center Foundation has achieved an exemplary Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The 100% score in accountability indicates effective governance practices, including an independent board and robust financial oversight mechanisms. This rating emphasizes the organization's commitment to transparency and responsible financial management.
Strengths of the foundation include a high program expense ratio of 81.54%, ensuring that a significant portion of funds are directed towards its intended programs rather than administrative costs. With no reported material diversions of assets and effective conflict of interest and whistleblower policies, the organization showcases a strong framework for ethical transparency and management.
Currently, there are no user reviews available on GreatNonprofits, leaving a gap in personal feedback from the community. Nevertheless, the financial metrics and governance structures suggest a well-managed organization that prioritizes its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Medical Center Foundation legitimate?
Methodist Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Medical Center 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: $207,250
Professional Fundraising Fees: $62,313
Other Salaries and Wages: $216,910
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Methodist Medical Center Foundation?
The Methodist Medical Center Foundation serves as a resource to various components of the UnityPoint Health system in the central Illinois region. Its primary focus areas are healthcare and education. The foundation develops strategies to attract, retain, and expand donors who share an interest and commitment towards the hospitals, the college, the clinics, and overall health improvement within the regional community. By doing so, the foundation aims to contribute to the betterment of healthcare and education within its scope.
Official website here: www.see schedule o
Who is the CEO of Methodist Medical Center Foundation?
Keith Knepp Md is the Board Member/President & Ceo of Methodist Medical Center Foundation. The CEO's salary of Methodist Medical Center Foundation is $0 and their total compensation is $883,163.
Official website here: www.see schedule o
What is the revenue of Methodist Medical Center Foundation?
Methodist Medical Center Foundation's revenue in 2022 was $7,675,873.
Official website here: www.see schedule o
Who are the executives of Methodist Medical Center Foundation and what are their salaries?
There 503 volunteers at Methodist Medical Center Foundation.
Here are 16 key members and their salaries (Methodist Medical Center Foundation's CEO's salary is $0 and their total compensation is $883,163):
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- Other: $0
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- Related: $739,283
- Other: $143,880
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- Related: $407,143
- Other: $45,910
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- Related: $445,945
- Other: $36,450
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- Other: $0
- Compensation: $0
- Related: $271,957
- Other: $39,734
Official website here: www.see schedule o
Where can I find the form 990 for Methodist Medical Center Foundation?
Methodist Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Methodist Medical Center Foundation
Methodist Medical Center Foundation plays a pivotal role within the UnityPoint Health system in the Central Illinois region, serving as a resource for all its components. The organization's mission is multifaceted, focusing primarily on two key areas: healthcare and education. As such, the UnityPoint Health - Methodist/Proctor Foundation devises and implements strategies to engage, retain, and grow donors who share a passion and commitment towards enhancing the hospitals, the college, the clinics, and the overall health improvement within the local community. The foundation's objective is to contribute positively to the well-being of the region, leveraging its resources to foster a healthier and more informed society.
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Impact
July, 2024
Methodist Medical Center Foundation serves as a vital resource to all parts of the UnityPoint Health system in the Central Illinois region. It plays a crucial role in raising funds to maintain, develop, increase, and extend the facilities and services of Methodist Medical Center of Illinois, Proctor Hospital, Methodist College, and UnityPoint Clinic in Peoria, IL. By providing financial contributions, investing proceeds, and offering grants, allocations, and program support, the foundation significantly impacts various departments within these healthcare and educational institutions.
The foundation's contributions may include funding for equipment purchases, operating expenses, education, seminars, and research programs, benefiting patients, students, staff, faculty, and residents of the geographical area it serves. Additionally, miscellaneous grants and contributions are extended to organizations and individuals associated with Methodist Medical Center of Illinois, Proctor Hospital, Methodist College, and UnityPoint Clinic in Peoria, IL.
Through its strategic focus on healthcare and education, the Methodist Medical Center Foundation aims to attract, retain, and grow donors with interests and commitments to these institutions, clinics, colleges, and overall community health improvement in the regional area.
This information is meant to be a general summary of Methodist Medical Center 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: $2,089,188
- Gross Receipts: $13,755,470
Assets and Liabilities:
- Total Assets: $40,368,175
- Total Liabilities: $933,867
- Net Assets: $39,434,308
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Organization Details
Founding Year
1975
Phone
(309) 672-5914Principal Officer
Keith Knepp Md
Main Address
120 NORTHEAST GLEN OAK AVENUE, PEORIA, IL, 61603
Website
www.see schedule oNTEE Category
Code: E122 - Health
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