Overview
What is Medical Foundation Of Chattanooga Inc?
The Medical Foundation of Chattanooga Inc., established in Chattanooga, Tennessee, is a nonprofit organization dedicated to enhancing community health. With a mission to stimulate philanthropy and leadership, the foundation aims to improve access to quality healthcare, foster health and medical education, and inspire physicians to uphold the highest ethical standards in their practice. The foundation's activities encompass health services research, advocating for healthy lifestyles, education, and collaborating with other charitable entities to expand healthcare access within the community. The organization, with a team of 11 dedicated individuals, plays a crucial role in promoting well-being and health improvement across Chattanooga.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Medical Foundation of Chattanooga Inc has achieved an impressive 94% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This rating is derived solely from their excellent performance in the Accountability & Finance beacon, which indicates that the organization operates with a high level of transparency and integrity in its financial dealings.
The foundation boasts a fully independent board with 16 members, all of whom contribute to a robust governance structure. It has received top scores in key areas such as financial oversight and the absence of any material diversion of assets. Additionally, the foundation has implemented thorough policies regarding conflicts of interest, whistleblowing, and document retention, further demonstrating its dedication to responsible management.
However, it's important to note that while the organization excels in accountability and financial health, detailed information on its programmatic impact and community outcomes remains less visible. The high program expense ratio of 92.01% indicates a strong focus on direct service delivery, but potential donors may seek more insight into the effectiveness of its programs. Overall, the Medical Foundation of Chattanooga Inc is well-regarded for financial stewardship and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Foundation Of Chattanooga Inc legitimate?
Medical Foundation Of Chattanooga Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Foundation Of Chattanooga 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: $64,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $567,140
For more financial information, click here
What is the mission statement of Medical Foundation Of Chattanooga Inc?
The Medical Foundation of Chattanooga exists with the primary objective of supporting its community through health services research, the promotion of healthy lifestyles, education, and cooperation with other charitable entities. This mission aims to increase access to healthcare by continually improving community health and stimulating philanthropy and leadership that responds to health needs. The foundation works to expand opportunities for health and medical education and encourages healthcare professionals to uphold the highest ideals of medicine in their practices.
Who is the CEO of Medical Foundation Of Chattanooga Inc?
Rae Young Bond is the Secretary-Treasurer of Medical Foundation Of Chattanooga Inc.
What is the revenue of Medical Foundation Of Chattanooga Inc?
Medical Foundation Of Chattanooga Inc's revenue in 2022 was $1,372,583.
Who are the executives of Medical Foundation Of Chattanooga Inc and what are their salaries?
The average compensation at Medical Foundation Of Chattanooga Inc during 2022 was $57,388. There are 11 employees and 1180 volunteers at Medical Foundation Of Chattanooga Inc.
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- Compensation: $64,472
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Where can I find the form 990 for Medical Foundation Of Chattanooga Inc?
Medical Foundation Of Chattanooga Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medical Foundation Of Chattanooga Inc
The Medical Foundation of Chattanooga exists with the primary objective of supporting its community through various health-related initiatives. This nonprofit organization is dedicated to fostering health services research, promoting healthy lifestyles, and providing education. Furthermore, it actively collaborates with other charitable entities to increase access to healthcare within the community. The foundation's mission is to continually improve community health, stimulate philanthropy, and encourage leadership that responds to health needs. It strives to expand opportunities for health and medical education, as well as motivate physicians to uphold the highest ideals of medicine in their lives and practices.
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Impact
July, 2024
The impact of the Medical Foundation Of Chattanooga Inc is seen through its dedicated efforts to support the community by conducting health services research, promoting healthy lifestyles, and providing education. By collaborating with other charitable entities, the foundation works towards increasing access to quality healthcare for all individuals. Their mission to continually improve community health and encourage philanthropy and leadership that responds to health needs plays a vital role in enhancing the well-being of the Chattanooga community. Through their work, the foundation strives to expand opportunities for health and medical education while inspiring physicians to uphold the highest ideals of medicine in their lives and practices. This collective effort contributes significantly to improving the health and wellness of individuals within the community.
This information is meant to be a general summary of Medical Foundation Of Chattanooga 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: $48,027
- Gross Receipts: $1,409,478
Assets and Liabilities:
- Total Assets: $4,336,253
- Total Liabilities: $102,887
- Net Assets: $4,233,366
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Organization Details
Founding Year
1986
Phone
(423) 622-2872Principal Officer
Rae Young Bond
Main Address
1917 EAST THIRD STREET, CHATTANOOGA, TN, 374042608
NTEE Category
Code: E11 - Health
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