Overview
What is Tallahassee Memorial Healthcare Foundation Inc?
Tallahassee Memorial Healthcare Foundation Inc is a nonprofit organization situated in Tallahassee, Florida. Its primary mission is to foster philanthropic support for its parent organization, Tallahassee Memorial Healthcare Inc. The foundation accomplishes this by providing grants for educational, training, and research programs, as well as aiding in the purchase of major medical equipment. Furthermore, they contribute to community agencies to promote their shared goals. In essence, the foundation serves to strengthen the parent organization's vision and encourage community engagement and involvement.
Official website here: www.tmhfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Tallahassee Memorial Healthcare Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 97%, the organization demonstrates an effective oversight structure, including a fully independent board and strong financial management practices. The foundation has no material diversion of assets and maintains robust policies regarding conflicts of interest, whistleblower protections, and document retention.
The organization's financial ratios further highlight its operational efficiency, with an impressive program expense ratio of 79.47%, indicating that a significant portion of funding directly supports its programs. Additionally, its fundraising efficiency is commendable at just $0.07 spent to raise each dollar, suggesting effective resource allocation in fundraising efforts. The foundation also enjoys a strong working capital ratio of 12.50 years, showcasing its long-term financial stability.
While there are no noted limitations in the data, the foundation's emphasis on transparency and governance practices positions it as a trustworthy entity within the nonprofit sector. Overall, Tallahassee Memorial Healthcare Foundation Inc exemplifies a commitment to responsible management and impactful service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Tallahassee Memorial Healthcare Foundation Inc legitimate?
Tallahassee Memorial Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tallahassee Memorial Healthcare 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: $0
For more financial information, click here
Official website here: www.tmhfoundation.org
What is the mission statement of Tallahassee Memorial Healthcare Foundation Inc?
The Tallahassee Memorial Healthcare Foundation Inc. is a non-profit organization with a mission to cultivate philanthropic support for its parent institution, Tallahassee Memorial Healthcare Inc. Its purpose extends beyond financial aid, as it also seeks to foster a strong sense of community engagement and understanding towards the vision, mission, goals, and objectives of Tallahassee Memorial Healthcare Inc. The foundation provides grants to both its parent organization and community agencies, primarily for educational, training, research programs, and the purchase of major medical equipment.
Official website here: www.tmhfoundation.org
Who is the CEO of Tallahassee Memorial Healthcare Foundation Inc?
Priscilla Needham is the Tmh President/Ceo of Tallahassee Memorial Healthcare Foundation Inc. The CEO's salary of Tallahassee Memorial Healthcare Foundation Inc is $0 and their total compensation is $1,537,255.
Official website here: www.tmhfoundation.org
What is the revenue of Tallahassee Memorial Healthcare Foundation Inc?
Tallahassee Memorial Healthcare Foundation Inc's revenue in 2022 was $3,043,670.
Official website here: www.tmhfoundation.org
Who are the executives of Tallahassee Memorial Healthcare Foundation Inc and what are their salaries?
There 115 volunteers at Tallahassee Memorial Healthcare Foundation Inc.
Here are 37 key members and their salaries (Tallahassee Memorial Healthcare Foundation Inc's CEO's salary is $0 and their total compensation is $1,537,255):
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Official website here: www.tmhfoundation.org
Where can I find the form 990 for Tallahassee Memorial Healthcare Foundation Inc?
Tallahassee Memorial Healthcare Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tmhfoundation.org
Learn more at the official website: www.tmhfoundation.org
Mission Statement of Tallahassee Memorial Healthcare Foundation Inc
Tallahassee Memorial Healthcare Foundation Inc, a non-profit organization, is dedicated to fostering philanthropic support for its parent institution, Tallahassee Memorial Healthcare Inc. This foundation's mission is multifaceted, aiming to generate a strong sense of community engagement and involvement in TMH's vision, mission, goals, and objectives. By doing so, the Tallahassee Memorial Healthcare Foundation Inc strives to ensure that TMH has the necessary resources to excel in its educational, training, and research programs, as well as to acquire essential medical equipment. Through grants provided to both TMH and community agencies, the foundation plays a pivotal role in advancing healthcare services and improving patient care.
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Impact
July, 2024
Tallahassee Memorial Healthcare Foundation Inc's impact lies in its commitment to developing philanthropic support for Tallahassee Memorial Healthcare, Inc. This support directly benefits the community by promoting educational, training, and research programs, as well as aiding in the purchase of major medical equipment. Through its grants to Tallahassee Memorial Healthcare, Inc. and community agencies, the foundation plays a crucial role in advancing healthcare services and improving the well-being of individuals in Tallahassee and beyond.
This information is meant to be a general summary of Tallahassee Memorial Healthcare 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: $482,221
- Gross Receipts: $24,448,357
Assets and Liabilities:
- Total Assets: $25,045,174
- Total Liabilities: $221,537
- Net Assets: $24,823,637
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Organization Details
Founding Year
1976
Phone
(850) 431-5389Principal Officer
Priscilla Needham
Main Address
1300 MICCOSUKEE ROAD, TALLAHASSEE, FL, 32308
Website
www.tmhfoundation.orgNTEE Category
Code: T30 - Philanthropy
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