Magnolia Regional Health Center Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640640292 ✦ Corinth, MS ✦ Designated as a 501(c)(3)

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Overview

What is Magnolia Regional Health Center Foundation Inc?

Magnolia Regional Health Center Foundation Inc is a nonprofit organization situated in Corinth, Mississippi, specifically at 611 Alcorn Drive. Its primary mission is to support the operations of Magnolia Regional Health Center. This support comes in two forms: leasing real estate to the hospital and purchasing necessary equipment for the health center. By doing so, the foundation aims to enhance the quality of healthcare services available to the community served by Magnolia Regional Health Center. The foundation's activities are geared towards bolstering the health center and the community it serves.

Is Magnolia Regional Health Center Foundation Inc legitimate?

Magnolia Regional Health Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Regional Health Center 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

What is the mission statement of Magnolia Regional Health Center Foundation Inc?

The Magnolia Regional Health Center Foundation Inc's mission is centered around supporting the operations of a local healthcare center and contributing to the community it serves. In specific terms, the foundation leases real estate to the hospital and procures necessary equipment for the health center, thereby aiding in its smooth functioning. The primary goal of the foundation is to enhance the healthcare facilities and services available to the community it serves.

Who is the CEO of Magnolia Regional Health Center Foundation Inc?

Dr Scott Bauer is the Member of Magnolia Regional Health Center Foundation Inc.

What is the revenue of Magnolia Regional Health Center Foundation Inc?

Magnolia Regional Health Center Foundation Inc's revenue in 2022 was $285,307.

Who are the executives of Magnolia Regional Health Center Foundation Inc and what are their salaries?

There 9 volunteers at Magnolia Regional Health Center Foundation Inc.


Here are 10 key members and their salaries:


Raymond Mcclellan (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Mitchell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clayton Stanley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carroll Little (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Scott Bauer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Walker (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanie Vaughn (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Randall Frazier (Ex-Offico Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Nick Dodd (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Moore (Executive Director)
  • Compensation: $0
  • Related: $78,593
  • Other: $10,675
Where can I find the form 990 for Magnolia Regional Health Center Foundation Inc?

Magnolia Regional Health Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnolia Regional Health Center Foundation Inc

Magnolia Regional Health Center Foundation Inc is dedicated to supporting the operations of Magnolia Regional Health Center and aiding the community it serves. In essence, the foundation's mission is twofold: leasing real estate to the hospital and purchasing necessary equipment for the health center. This dual role enables the foundation to strengthen the operational capacity of the health center and contribute to the well-being of the community it serves. By leasing property and providing essential equipment, Magnolia Regional Health Center Foundation Inc plays a crucial role in ensuring the smooth functioning of the health center and enhancing the quality of healthcare services provided to the community.

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Impact




October, 2024

Magnolia Regional Health Center Foundation Inc significantly enhances the healthcare services provided by Magnolia Regional Health Center and positively influences the local community in Corinth, MS. By leasing real estate to the hospital, the foundation plays a crucial role in maintaining the facilities necessary for effective healthcare delivery. Additionally, its efforts to acquire essential medical equipment ensure that the health center is well-equipped to meet the needs of its patients.

The foundation’s commitment to supporting not only the hospital but also the surrounding community fosters a healthier environment and improves access to medical care. Through its initiatives, it addresses critical healthcare needs, thereby elevating the overall quality of care available to residents. This focus on operational support and equipment acquisition ultimately leads to better health outcomes for the community, demonstrating the foundation's vital impact on local healthcare.




This information is meant to be a general summary of Magnolia Regional Health Center 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.

Revenue
$285,307 (2022)
Expenses
$273,327 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $84,712
  • Gross Receipts: $360,766

Assets and Liabilities:

  • Total Assets: $8,290,663
  • Total Liabilities: $101,385
  • Net Assets: $8,189,278

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Organization Details

Founding Year

1980

Principal Officer

Dr Scott Bauer

Main Address

611 ALCORN DRIVE, CORINTH, MS, 38834

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