Overview
What is Ronald Mcdonald House Charities Of Nashville Tennessee Inc?
Ronald Mcdonald House Charities Of Nashville Tennessee Inc is a nonprofit organization located at 2144 Fairax Avenue, Nashville, Tennessee. Their primary mission is to support families of critically ill children, providing them with essential resources and a temporary home-like environment during their child's inpatient or outpatient medical treatment at a Nashville area hospital. In 2022, they served families from various locations, including Tennessee, Kentucky, and numerous other states, territories, and countries. The organization requests a $15 per night contribution from families, although many are unable to pay due to financial constraints. In 2022, they had an average monthly occupancy of 77% with families staying for an average of 35 nights. Despite the restrictions due to the pandemic, volunteers and supporters still managed to provide 395 meals for the families. The organization's main goal is to keep these families together, ensuring they can care for their sick child without the financial burden of accommodation costs.
Official website here: www.rmhcnashville.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Ronald McDonald House Charities of Nashville, Tennessee Inc has earned an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is derived entirely from a robust accountability and finance score of 95%, reflecting its commitment to transparency and effective financial management. Notably, the organization features a fully independent board and has demonstrated no material diversion of assets, underscoring its integrity.
Strengths highlighted in the data include a sound financial framework, with a low liabilities-to-assets ratio of 0.50%, and a healthy working capital ratio of 13.06 years, showcasing its financial stability. Additionally, the high program expense ratio of 66.53% indicates that a significant portion of funds is directed towards its programs, although it is slightly below optimal benchmarks. The fundraising efficiency is commendable, with just $0.13 spent to raise a dollar, which is indicative of effective fundraising strategies.
While the charity performs well in most areas, the program expense ratio could be improved to align with best practices that encourage a higher percentage of funds to be allocated directly to programs. Nonetheless, Ronald McDonald House Charities of Nashville appears to be a well-managed organization that prioritizes its mission and operates with a high degree of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ronald Mcdonald House Charities Of Nashville Tennessee Inc legitimate?
Ronald Mcdonald House Charities Of Nashville Tennessee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ronald Mcdonald House Charities Of Nashville Tennessee 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: $271,089
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rmhcnashville.com
What is the mission statement of Ronald Mcdonald House Charities Of Nashville Tennessee Inc?
Ronald Mcdonald House Charities, in their mission, strive to keep families close by providing essential resources and a home-away-from-home for families of critically ill children receiving inpatient or outpatient medical care. This organization aims to alleviate the financial and emotional stress that often accompanies such circumstances, ensuring families can stay together to care for their sick child. They request a nominal fee of $15 per night, but do not refuse service due to financial constraints, as seen in 2022 when 91.9% of their guests could not afford this payment. In 2022, the Nashville Ronald Mcdonald House served families from various locations, including all 95 counties in Tennessee, providing them with an average monthly occupancy of 77% and an average stay of 35 nights. Despite restrictions on volunteers, the charity received support from meal groups and supporters, providing 395 meals for families in 2022.
Official website here: www.rmhcnashville.com
Who is the CEO of Ronald Mcdonald House Charities Of Nashville Tennessee Inc?
Elizabeth Piercy is the President of Ronald Mcdonald House Charities Of Nashville Tennessee Inc.
Official website here: www.rmhcnashville.com
What is the revenue of Ronald Mcdonald House Charities Of Nashville Tennessee Inc?
Ronald Mcdonald House Charities Of Nashville Tennessee Inc's revenue in 2022 was $2,543,186.
Official website here: www.rmhcnashville.com
Who are the executives of Ronald Mcdonald House Charities Of Nashville Tennessee Inc and what are their salaries?
There 548 volunteers at Ronald Mcdonald House Charities Of Nashville Tennessee Inc.
Here are 34 key members and their salaries:
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- Compensation: $98,125
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- Other: $27,571
Official website here: www.rmhcnashville.com
Where can I find the form 990 for Ronald Mcdonald House Charities Of Nashville Tennessee Inc?
Ronald Mcdonald House Charities Of Nashville Tennessee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmhcnashville.com
Learn more at the official website: www.rmhcnashville.com
Mission Statement of Ronald Mcdonald House Charities Of Nashville Tennessee Inc
Ronald McDonald House Charities of Nashville, Tennessee, is dedicated to keeping families close during challenging times. Their mission is to provide essential resources and a home-away-from-home for families of critically ill children receiving inpatient or outpatient medical care at a Nashville area hospital. By doing so, the organization ensures that these families can remain united, allowing them to focus on their child's recovery without the added stress of being separated. The charity requests a nominal fee of $15 per night for its accommodations, but it never denies service to families who cannot afford this contribution. In fact, in 2022, 91.9% of the guest families were unable to pay the requested donation. Despite restrictions on volunteers during the pandemic, Ronald McDonald House Charities of Nashville continued to support its families, receiving over 395 meals from generous meal groups and supporters.
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Impact
July, 2024
Ronald McDonald House Charities of Nashville Tennessee Inc's impact is significant in providing essential resources and a home-away-from-home for families of critically ill children receiving medical care at a Nashville area hospital. In 2022, the Nashville Ronald McDonald House served 182 families from various locations, including all 95 counties in Tennessee, 66 counties in Kentucky, 41 other states, 2 U.S. territories, and 14 foreign countries. The organization maintains a policy of never refusing service due to a family's inability to pay, with 91.9% of guest families in 2022 unable to afford the requested $15 per night donation. Despite facing challenges such as limited volunteer presence, the organization's dedicated meal groups and supporters provided 395 meals for families in need. The average monthly occupancy rate was 77%, with families staying an average of 35 nights, showcasing the organization's commitment to keeping families together during challenging times.
This information is meant to be a general summary of Ronald Mcdonald House Charities Of Nashville Tennessee 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: $143,600
- Program Service Revenue: $4,805
- Gross Receipts: $2,721,238
Assets and Liabilities:
- Total Assets: $20,304,672
- Total Liabilities: $149,280
- Net Assets: $20,155,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LODGING INCOME
Revenue
$4,805
Organization Details
Founding Year
1987
Phone
(615) 343-4000Principal Officer
Elizabeth Piercy
Main Address
2144 FAIRFAX AVENUE, NASHVILLE, TN, 37212
Website
www.rmhcnashville.comNTEE Category
Code: E86Z - Health
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