Overview
What is Ave Maria Foundation Of Memphis Inc?
Ave Maria Foundation of Memphis Inc is a nonprofit organization situated in Memphis, Tennessee, with an address at 2805 Charles Bryan Road. Its primary mission is to support Ave Maria Home, Inc., a not-for-profit healthcare complex. This complex consists of two facilities: a 100-bed intermediate care nursing home and a 61-bed assisted living facility. The foundation's work focuses on providing essential healthcare services to those in need.
Official website here: www.avemariahome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%
The Ave Maria Foundation of Memphis Inc has received a score of 52%, which corresponds to a One-Star out of Four Star rating. This rating reflects concerns regarding the organization’s financial management and transparency. While it boasts a fully independent board and has shown strong practices in many governance aspects, it struggles significantly with its financial ratios and has not demonstrated effective program expenditures.
Notably, the foundation has a commendable accountability and finance structure, with full points awarded for independent board members, conflict of interest policies, and proper documentation practices. However, the absence of a whistleblower policy and the failure to post tax forms online raises red flags about its operational transparency and adherence to best practices.
The financial ratios indicate a concerning situation, with both liabilities to assets and program expense ratios at 0%. This suggests that the foundation may not be effectively utilizing its resources toward its stated mission, which could impact its overall sustainability and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ave Maria Foundation Of Memphis Inc legitimate?
Ave Maria Foundation Of Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ave Maria Foundation Of Memphis 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: $136,201
Professional Fundraising Fees: $28,000
Other Salaries and Wages: $40,774
For more financial information, click here
Official website here: www.avemariahome.org
What is the mission statement of Ave Maria Foundation Of Memphis Inc?
The Ave Maria Foundation of Memphis Inc. is dedicated to supporting Ave Maria Home, Inc., a not-for-profit healthcare complex. This complex comprises two facilities: a 100-bed intermediate care nursing home and a 61-bed assisted living facility. The foundation's mission is to contribute to the operation and maintenance of these facilities, providing essential care for those in need. By doing so, the foundation aims to enhance the quality of life for the elderly and those requiring assisted living, demonstrating a commitment to healthcare and community support.
Official website here: www.avemariahome.org
What is the revenue of Ave Maria Foundation Of Memphis Inc?
Ave Maria Foundation Of Memphis Inc's revenue in 2023 was $767,307.
Official website here: www.avemariahome.org
Who are the executives of Ave Maria Foundation Of Memphis Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.avemariahome.org
Where can I find the form 990 for Ave Maria Foundation Of Memphis Inc?
Ave Maria Foundation Of Memphis Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.avemariahome.org
Learn more at the official website: www.avemariahome.org
Mission Statement of Ave Maria Foundation Of Memphis Inc
Ave Maria Foundation of Memphis Inc is committed to supporting Ave Maria Home, Inc., a not-for-profit healthcare complex. This complex comprises two facilities: a 100-bed intermediate care nursing home and a 61-bed assisted living facility. The foundation's mission is to contribute to the operation and maintenance of these facilities, providing essential care and support to those in need.
By supporting Ave Maria Home, Inc., the foundation aims to provide a nurturing environment for individuals who require intermediate care or assistance in their daily living activities. The nursing home accommodates 100 beds, while the assisted living facility offers 61 spaces, ensuring that residents receive personalized attention and care. The foundation's role is instrumental in ensuring the smooth operation of these facilities, ultimately benefiting the residents who rely on them for their wellbeing.
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Impact
July, 2024
Ave Maria Foundation Of Memphis Inc supports Ave Maria Home, Inc., a not-for-profit health care complex in Memphis, TN, consisting of a 100-bed intermediate care nursing home and a 61-bed assisted living facility. The foundation's impact is focused on providing essential support to this facility, ensuring that elderly residents receive the care and assistance they need in a comfortable and nurturing environment. By contributing to Ave Maria Home's operations, the foundation plays a crucial role in enhancing the quality of life for seniors in the community.
This information is meant to be a general summary of Ave Maria Foundation Of Memphis 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 2023.
- Investment Income: $43,801
- Gross Receipts: $1,709,483
Assets and Liabilities:
- Total Assets: $6,440,707
- Total Liabilities: $13,000
- Net Assets: $6,427,707
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Organization Details
Founding Year
2000
Principal Officer
Joe Evangelisti
Website
www.avemariahome.orgNTEE Category
Code: T30 - Philanthropy
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