Overview
What is Memory Matters?
Memory Matters is a nonprofit organization situated in Hilton Head Island, South Carolina. Their primary focus is to optimize brain wellness and memory care, serving individuals, caregivers, and their local community. As a center of excellence, Memory Matters offers both memory care and proactive brain wellness education, instilling hope and enhancing their community's future. With a small team of 15 dedicated employees, their mission is to provide resources and support, bettering the lives of those affected by memory-related issues.
Official website here: www.mymemorymatters.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Memory Matters has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The rating is based entirely on their exceptional accountability and finance score of 96%, indicating that the nonprofit effectively manages its resources and adheres to best practices in governance.
The organization demonstrates a commitment to transparency and ethical practices, as evidenced by its independent board structure, with 100% of board members being independent. Additionally, Memory Matters has robust policies in place, including conflict of interest and whistleblower policies, which contribute to its overall financial integrity. The charity also maintains a high program expense ratio at 82.68%, ensuring that a significant portion of its funds directly supports its mission.
No significant limitations were noted in the feedback, highlighting Memory Matters' effective financial management and governance practices. This strong performance suggests that the organization is well-positioned to utilize its resources to benefit its cause effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Memory Matters legitimate?
Memory Matters is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memory Matters 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: $152,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $657,099
For more financial information, click here
Official website here: www.mymemorymatters.org
What is the mission statement of Memory Matters?
Memory Matters, serving as a center of excellence, is dedicated to providing both memory care and proactive brain wellness education. Their mission is to instill a hopeful future and enhance the community by optimizing brain wellness and memory care through education, programs, and support for individuals, caregivers, and the local community. By doing so, Memory Matters aims to create a positive impact, fostering an environment where individuals can live with improved cognitive health and well-being.
Official website here: www.mymemorymatters.org
What is the revenue of Memory Matters?
Memory Matters's revenue in 2023 was $1,497,087.
Official website here: www.mymemorymatters.org
Who are the executives of Memory Matters and what are their salaries?
The average compensation at Memory Matters during 2023 was $42,610. There are 19 employees and 50 volunteers at Memory Matters.
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Official website here: www.mymemorymatters.org
Where can I find the form 990 for Memory Matters?
Memory Matters's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mymemorymatters.org
Learn more at the official website: www.mymemorymatters.org
Mission Statement of Memory Matters
Memory Matters, a center of excellence, is dedicated to providing both memory care and proactive brain wellness education. Its mission is to instill hope and enhance the community by optimizing brain wellness and memory care through education, programs, and support. This nonprofit organization aims to cater to individuals, caregivers, and the wider community, working towards a future where brain health is prioritized and understood. By offering a combination of memory care services and brain wellness education, Memory Matters seeks to empower its clients and the community at large, fostering a brighter, healthier future.
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Impact
July, 2024
Memory Matters is a center of excellence in Hilton Head Island, SC, dedicated to optimizing brain wellness and memory care through education, programs, and support for individuals, caregivers, and the community. Their impact lies in instilling a hopeful future for those affected by memory-related challenges and enhancing the well-being of the Lowcountry community through proactive brain wellness education.
This information is meant to be a general summary of Memory Matters. 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 2023.
- Investment Income: $44,055
- Program Service Revenue: $407,425
- Gross Receipts: $1,569,360
Assets and Liabilities:
- Total Assets: $2,876,200
- Total Liabilities: $0
- Net Assets: $2,876,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESPITE FEES
Revenue
$331,936
ADD BACK GRANTS
Revenue
$75,489
Organization Details
Founding Year
1997
Principal Officer
Bryce Edwards
Website
www.mymemorymatters.orgNTEE Category
Code: P81 - Human services
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