Overview
What is Miracles Of Grace Foundation Inc?
The Miracles of Grace Foundation Inc, situated in Merigold, Mississippi (20 Barnes Road), is a nonprofit organization with a single employee. Its primary mission is to support Jeff Anderson Regional Medical Center by granting funds, which the hospital then utilizes to acquire medical equipment and construct buildings. Operating under the charitable, benevolent, educational, and scientific purposes of Jeff Anderson Regional Medical Center, MS Baptist Foundation, and other eligible charities, the foundation adheres to the criteria set by tax-exempt statutes and the board of directors. In essence, the Miracles of Grace Foundation Inc serves to enhance medical care and facilities within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
The Miracles Of Grace Foundation Inc has received an 80% rating from Charity Navigator, indicating a solid performance in accountability and finance, reflected in its Three-Star designation. The score is derived solely from its accountability metrics, showcasing strong governance practices, including a majority of independent board members and the absence of material diversion of assets.
The foundation demonstrates commendable financial health, with a liability to assets ratio of 0.00%, suggesting no outstanding debts relative to its assets. Additionally, it maintains transparency through documented board meeting minutes and has established policies for conflicts of interest and whistleblower protections, which enhance its overall accountability.
However, while the program expense ratio stands at 64.34%, indicating that a significant portion of its expenditures goes towards its mission-related programs, there is room for improvement in this area to maximize the impact of its funding. Overall, the organization exhibits strong governance and financial health but could benefit from focusing more on program efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Miracles Of Grace Foundation Inc legitimate?
Miracles Of Grace Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracles Of Grace 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: $50,000
For more financial information, click here
What is the mission statement of Miracles Of Grace Foundation Inc?
The Miracles of Grace Foundation Inc. is dedicated to serving charitable, benevolent, educational, and scientific purposes. It primarily focuses on supporting organizations that meet the criteria of tax-exempt statuses and are endorsed by their board of directors. Specifically, the foundation assists Jeff Anderson Regional Medical Center and MS Baptist Foundation, providing them with grants to procure medical equipment and construct facilities. These funds contribute to the improvement of healthcare services and infrastructure, ultimately benefiting the communities they serve.
Who is the CEO of Miracles Of Grace Foundation Inc?
Joanna Barnes is the President of Miracles Of Grace Foundation Inc.
What is the revenue of Miracles Of Grace Foundation Inc?
Miracles Of Grace Foundation Inc's revenue in 2022 was $200,170.
Who are the executives of Miracles Of Grace Foundation Inc and what are their salaries?
The average compensation at Miracles Of Grace Foundation Inc during 2022 was $50,000. There is 1 employee at Miracles Of Grace Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $50,000
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Miracles Of Grace Foundation Inc?
Miracles Of Grace Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Miracles Of Grace Foundation Inc
Miracles of Grace Foundation Inc is committed to carrying out the charitable, benevolent, educational, and scientific purposes of entities such as Jeff Anderson Regional Medical Center, MS Baptist Foundation, and other charities that meet the criteria for tax-exempt status, as determined by their board of directors. The foundation's mission is to provide grants that are utilized by these organizations for purchasing medical equipment and constructing buildings. In essence, Miracles of Grace Foundation Inc plays a significant role in supporting the medical operations of these charities, thereby contributing to their overall mission of providing essential healthcare services to their communities.
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Impact
October, 2024
Miracles Of Grace Foundation Inc significantly enhances healthcare accessibility and quality by supporting Jeff Anderson Regional Medical Center through financial grants. These grants are instrumental in enabling the hospital to acquire essential medical equipment and facilitate infrastructure development. The foundation's efforts directly contribute to improving medical services in the region, addressing community health needs, and ensuring that residents have access to modern healthcare facilities. By collaborating with other charitable organizations and upholding a commitment to charitable, benevolent, educational, and scientific purposes, the foundation fosters a healthier community and strengthens the region's healthcare system.
This information is meant to be a general summary of Miracles Of Grace 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: $199,920
- Gross Receipts: $1,512,050
Assets and Liabilities:
- Total Assets: $3,949,733
- Total Liabilities: $0
- Net Assets: $3,949,733
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Organization Details
Founding Year
1986
Phone
(662) 719-9404Principal Officer
Joanna Barnes
Main Address
20 BARNES ROAD, MERIGOLD, MS, 38759
NTEE Category
Code: T31 - Philanthropy
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