Overview
What is Memorial Foundation Inc?
Memorial Foundation Inc, established in 1981, is a charitable organization based in Hollywood, Florida. Its primary purpose is to offer financial support to Memorial Healthcare System, an institution dedicated to holistic patient care. The foundation's mission is to underwrite the costs of equipment, programs, or services provided by the hospital district and fund educational, recreational, and therapeutic activities for their patients and families. By donating, individuals contribute to ensuring high-quality, affordable healthcare services for all. Throughout the fiscal year, the foundation funds capital projects and various programs, as well as providing direct support to patients and their families.
Official website here: www.mhsfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star Rating)
Memorial Foundation Inc has achieved a high score of 92% on Charity Navigator, signifying strong accountability and financial health. The entire rating is derived from their Accountability & Finance metrics, demonstrating a commitment to transparency and responsible management of resources. This solid rating reflects their effective governance structures, including a fully independent board and thorough financial oversight.
The organization has excelled in key areas such as program expense ratio, where 86.74% of expenditures directly support their mission. Additionally, their fundraising efficiency is impressive, costing only three cents to raise a dollar. These metrics indicate that Memorial Foundation Inc uses its resources wisely to maximize impact in the community it serves.
However, it is noted that the foundation is missing a whistleblower policy, which could enhance its accountability framework. Despite this limitation, the overall assessment presents Memorial Foundation Inc as a trustworthy nonprofit dedicated to maintaining high standards of financial and operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Foundation Inc legitimate?
Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial 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:
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For more financial information, click here
Official website here: www.mhsfoundation.org
What is the mission statement of Memorial Foundation Inc?
The Memorial Foundation Inc., established in 1981, serves to financially support Memorial Healthcare System. Its mission is to cover the expenses related to equipment, programs, or services provided by the South Broward Hospital District. Moreover, the foundation provides funding for educational, therapeutic, and recreational activities designed to benefit the patients and families under the care of the hospital district. By doing so, the foundation contributes to ensuring that quality, patient-centered healthcare is accessible to all, regardless of their ability to pay. During the fiscal year, the foundation also funds capital projects and offers assistance to patients and their families.
Official website here: www.mhsfoundation.org
Who is the CEO of Memorial Foundation Inc?
Kevin R Janser is the Chairman of Memorial Foundation Inc.
Official website here: www.mhsfoundation.org
What is the revenue of Memorial Foundation Inc?
Memorial Foundation Inc's revenue in 2022 was $3,530,901.
Official website here: www.mhsfoundation.org
Who are the executives of Memorial Foundation Inc and what are their salaries?
There 100 volunteers at Memorial Foundation Inc.
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Official website here: www.mhsfoundation.org
Where can I find the form 990 for Memorial Foundation Inc?
Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhsfoundation.org
Learn more at the official website: www.mhsfoundation.org
Mission Statement of Memorial Foundation Inc
Memorial Foundation Inc, established in 1981, is a philanthropic organization with a mission to support Memorial Healthcare System. This system's mission is to holistically heal the body, mind, and spirit of those they serve, regardless of their ability to pay. Memorial Foundation Inc fulfills this mission by underwriting the costs of equipment, programs, or services provided by South Broward Hospital District. Additionally, they fund educational, therapeutic, and recreational activities for the patients and families served by the hospital district. By doing so, Memorial Foundation Inc contributes significantly to ensuring that the patients and their families receive high-quality, patient-and-family-focused healthcare, free from financial constraints.
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Impact
July, 2024
Memorial Foundation Inc's impact is significant in providing philanthropic support to Memorial Healthcare System. Established in 1981, the foundation plays a crucial role in ensuring that quality, cost-effective healthcare is accessible to all, regardless of their financial status. By funding capital projects, various programs, and offering support to patients and families, the foundation contributes to the mission of healing the body, mind, and spirit of those touched by the healthcare system. Additionally, by providing funding for educational, therapeutic, and recreational activities to patients, Memorial Foundation Inc enhances the overall well-being and care received by individuals within the South Broward Hospital District.
This information is meant to be a general summary of Memorial 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: -$322,314
- Gross Receipts: $24,185,307
Assets and Liabilities:
- Total Assets: $33,634,507
- Total Liabilities: $1,212,116
- Net Assets: $32,422,391
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Organization Details
Founding Year
1981
Phone
(954) 265-3454Principal Officer
Kevin R Janser
Main Address
3329 JOHNSON STREET, HOLLYWOOD, FL, 33021
Website
www.mhsfoundation.orgNTEE Category
Code: E86 - Health
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