Overview
What is Memorycare Inc?
MemoryCare Inc, a 23-year-old community-based nonprofit organization situated in Asheville, North Carolina, focuses on comprehensive care for individuals with dementia. Recognized nationally for pioneering dementia care, MemoryCare integrates family support and education with expert medical treatment, ensuring families affected by dementia can maintain the highest quality of life. With a 99% satisfaction rate among caregivers, the organization offers consultative services, aiming to empower families through education, counseling, and improved access to resources. MemoryCare's mission is threefold: providing specialized medical care for older adults with cognitive impairment, supporting caregivers with educational resources and counseling, and promoting community awareness about dementia. Employing a team of 28 dedicated individuals, MemoryCare continues to serve as a beacon of hope and support for families navigating the challenges of dementia.
Official website here: www.memorycare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star Rating
Memorycare Inc has achieved an impressive rating of 99% from Charity Navigator, highlighting its strong commitment to accountability and finance. The organization boasts a perfect score in financial oversight, with all independent board members and a robust audit committee, indicating a high level of transparency and trustworthiness in its operations.
The nonprofit excels in program expense efficiency, with 86.65% of its expenditures directed toward its mission-related activities. Its fundraising efficiency is commendable as well, with minimal costs incurred in raising funds. Additionally, the organization has demonstrated a strong engagement with its constituents, receiving a perfect score for feedback collection and usage, which reflects its responsiveness to community needs.
While the organization demonstrates remarkable strengths in financial management and community engagement, there are minor areas for improvement noted in its culture and community score. However, overall, Memorycare Inc stands out as a highly rated nonprofit that effectively utilizes resources to serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorycare Inc legitimate?
Memorycare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorycare 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: $228,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,398,483
For more financial information, click here
Official website here: www.memorycare.org
What is the mission statement of Memorycare Inc?
MemoryCare Inc's mission is multifaceted, primarily focused on providing specialized medical care for older adults struggling with cognitive impairment. Additionally, the organization aims to support caregivers by offering education, counseling, and improved access to services. Lastly, MemoryCare fosters community education to enhance the overall well-being of families affected by dementia, aiming for the best possible quality of life. As pioneers in dementia care, they have been serving the community for over two decades, with an impressive satisfaction rate from caregivers.
Official website here: www.memorycare.org
Who is the CEO of Memorycare Inc?
Virginia Templeton Md is the Executive Director of Memorycare Inc.
Official website here: www.memorycare.org
What is the revenue of Memorycare Inc?
Memorycare Inc's revenue in 2022 was $3,073,049.
Official website here: www.memorycare.org
Who are the executives of Memorycare Inc and what are their salaries?
The average compensation at Memorycare Inc during 2022 was $58,119. There are 28 employees and 4 volunteers at Memorycare Inc.
Here are 16 key members and their salaries:
- Compensation: $210,000
- Related: $0
- Other: $18,469
- Compensation: $124,409
- Related: $0
- Other: $15,029
- Compensation: $170,245
- Related: $0
- Other: $27,169
- Compensation: $143,316
- Related: $0
- Other: $15,813
- Compensation: $141,058
- Related: $0
- Other: $15,699
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memorycare.org
Where can I find the form 990 for Memorycare Inc?
Memorycare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorycare.org
Learn more at the official website: www.memorycare.org
Mission Statement of Memorycare Inc
MemoryCare Inc, a renowned non-profit organization, has a threefold mission. Their primary goal is to deliver specialized medical care to older adults battling cognitive impairment, such as dementia. Recognizing the crucial role of caregivers in this journey, MemoryCare also aims to support them through education, counseling, and facilitating easier access to necessary services. Lastly, MemoryCare is committed to educating the wider community about dementia, with the hope of improving the quality of life for families affected by this chronic, progressive condition. This holistic approach, integrating medical care, family support, and education, sets MemoryCare apart as a pioneer in dementia care.
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Impact
July, 2024
MemoryCare Inc's impact is significant in the field of dementia care, as they provide specialized medical care to older adults with cognitive impairment. They also offer crucial support to caregivers through education, counseling, and improved access to services. By integrating family support and education with expert medical care, MemoryCare ensures that families impacted by dementia have the best possible quality of life. Their dedication to addressing the needs of those with dementia and their caregivers has garnered national recognition and high satisfaction rates among those who have utilized their program. Overall, MemoryCare plays a vital role in improving the lives of individuals with dementia and their families in Western Carolina.
This information is meant to be a general summary of Memorycare 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: $359,299
- Program Service Revenue: $1,113,652
- Gross Receipts: $3,073,049
Assets and Liabilities:
- Total Assets: $13,991,458
- Total Liabilities: $248,556
- Net Assets: $13,742,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient Care Fees
Revenue
$610,759
Caregiver Fees
Revenue
$502,893
Organization Details
Founding Year
2000
Phone
(828) 771-2219Principal Officer
Virginia Templeton Md
Main Address
100 Far Horizons Lane, Asheville, NC, 28803
Website
www.memorycare.orgNTEE Category
Code: E32 - Health
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