Overview
What is Memorial Hospital Foundation Inc?
Memorial Hospital Foundation Inc, based in Easton, Maryland, is a nonprofit organization that dedicates its philanthropic efforts to bolstering the Shore Medical Center at Easton. Their primary focus includes funding various programs, such as the Breast Center and Diagnostic Imaging Center improvements, physician residency programs, Magnet accreditation, and acquiring essential equipment for cardiology and food services. By doing so, Memorial Hospital Foundation aims to enhance the quality and accessibility of healthcare in the community, ultimately contributing to an improved health status. The organization employs a team of five individuals, working tirelessly to fulfill their mission.
Official website here: www.ummhfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77% (Three-Star out of Four Star rating).
The Memorial Hospital Foundation Inc has received a Three-Star rating, reflecting a commendable score of 77% based on its Accountability & Finance metrics. This score primarily emphasizes the foundation's transparency and governance practices, which are strong, including a fully independent board and a robust audit and oversight committee. These elements suggest that the organization operates with a high degree of accountability to its stakeholders.
One significant strength of the foundation is its effective management of financial resources, as indicated by a low liabilities-to-assets ratio of 0.60%. Additionally, its adherence to essential policies, such as conflict of interest and whistleblower protections, points to a commitment to ethical operations. The foundation has also demonstrated its transparency by maintaining comprehensive documentation of board meeting minutes and making its financial information available on its website.
However, a limitation noted in the data is the program expense ratio, which stands at 54.57%. While this indicates that a little over half of its expenses are directed toward programs, there is room for improvement in maximizing program funding. Overall, the foundation showcases strong governance and financial practices but may benefit from increasing its programmatic expenditure to enhance its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Hospital Foundation Inc legitimate?
Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Hospital Foundation Inc 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: $23,002
For more financial information, click here
Official website here: www.ummhfoundation.org
What is the mission statement of Memorial Hospital Foundation Inc?
The Memorial Hospital Foundation, through its philanthropic efforts, supports Shore Medical Center at Easton to serve as a healing influence in the community. Their mission is to enhance the health status and create easy, cost-effective access to quality healthcare. The foundation contributes funds to various programs within the Shore Health System, such as improving the Breast Center and DIC, pursuing Magnet Accreditation, supporting a Physician Residency Program, and equipping Cardiology and Food Services.
Official website here: www.ummhfoundation.org
Who is the CEO of Memorial Hospital Foundation Inc?
Unavailable The CEO's salary of Memorial Hospital Foundation Inc is $0 and their total compensation is $809,062.
Official website here: www.ummhfoundation.org
What is the revenue of Memorial Hospital Foundation Inc?
Memorial Hospital Foundation Inc's revenue in 2022 was $3,657,952.
Official website here: www.ummhfoundation.org
Who are the executives of Memorial Hospital Foundation Inc and what are their salaries?
The average compensation at Memorial Hospital Foundation Inc during 2022 was $4,600. There are 5 employees and 18 volunteers at Memorial Hospital Foundation Inc.
Here are 12 key members and their salaries (Memorial Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $809,062):
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- Other: $0
- Compensation: $0
- Related: $438,158
- Other: $43,489
- Compensation: $0
- Related: $781,933
- Other: $27,129
- 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: $265,426
- Other: $28,785
Official website here: www.ummhfoundation.org
Where can I find the form 990 for Memorial Hospital Foundation Inc?
Memorial Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ummhfoundation.org
Learn more at the official website: www.ummhfoundation.org
Mission Statement of Memorial Hospital Foundation Inc
Memorial Hospital Foundation, through its philanthropic efforts, aims to support Shore Medical Center at Easton, striving to make it a healing influence in the community. Their mission is to enhance the health status of the community by establishing an accessible, cost-effective, and high-quality healthcare system. The foundation invests in various programs and initiatives at Shore Medical Center, such as improving the Breast Center and DIC, pursuing Magnet Accreditation, fostering a Physician Residency Program, and equipping departments like Cardiology and Food Services with necessary equipment. By supporting these initiatives, Memorial Hospital Foundation contributes to the betterment of the overall healthcare system in the community, aiming to improve the health of its people.
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Impact
July, 2024
Memorial Hospital Foundation Inc's impact is evident in its unwavering support for Shore Medical Center at Easton. Through its philanthropic efforts, the foundation has played a crucial role in advancing various programs within the Shore Health System. This support has led to significant improvements, including enhancing the Breast Center, achieving Magnet accreditation, establishing a physician residency program, and acquiring essential equipment for cardiology and food services.
The foundation's mission to be a healing influence in the community, improve health status, and promote easy access to cost-effective, quality healthcare resonates through its actions. By channeling resources towards these crucial areas, Memorial Hospital Foundation Inc is making a tangible difference in the healthcare landscape of Easton, Maryland.
This information is meant to be a general summary of Memorial Hospital Foundation Inc. 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: $3,182,852
- Gross Receipts: $15,653,998
Assets and Liabilities:
- Total Assets: $87,661,989
- Total Liabilities: $582,267
- Net Assets: $87,079,722
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Organization Details
Founding Year
1982
Phone
(410) 822-1000Main Address
219 South Washington St, Easton, MD, 21601
Website
www.ummhfoundation.orgNTEE Category
Code: E110 - Health
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