Overview
What is Manatee Memorial Foundation Inc?
Manatee Memorial Foundation Inc, located at 206 2ND STREET EAST, BRADENTON, FL 34208, is a nonprofit organization committed to enhancing health-related programs and services in the Manatee County area. Their mission is twofold: to provide support to individuals facing health-related issues directly or indirectly, and to help other non-profit agencies reach their full potential. Furthermore, the foundation offers scholarships to assist individuals in obtaining their educational training in medical fields. With a workforce of 4 members, the Manatee Memorial Foundation Inc contributes to the community by granting funds and aiding in the development of skilled medical personnel, ultimately contributing to a better health care system in the area.
Official website here: www.manateememorial.com/mmh-foundation-inc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Manatee Memorial Foundation Inc has received a low rating of 33% from Charity Navigator, primarily due to significant deficiencies in its accountability and financial practices. The organization scored notably well on board independence, with 93% of board members being independent, and it has policies for conflict of interest and documented meeting minutes. However, the foundation has critical gaps, including the absence of a whistleblower policy and a document retention policy, which contributed to its low overall rating.
Financially, the foundation has a concerning program expense ratio of 45.45%, indicating that less than half of its expenditures are directed toward its programs. Additionally, the organization did not meet expectations for financial statement reviews and lacks transparency in making tax forms available on its website. This lack of financial oversight raises questions about its operational efficacy and trustworthiness as a nonprofit.
In summary, while Manatee Memorial Foundation Inc demonstrates some strengths in board governance, its overall performance in accountability and financial management is lacking, leading to its Zero-Star rating. Potential donors and supporters should consider these factors carefully when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Manatee Memorial Foundation Inc legitimate?
Manatee Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manatee 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,660
For more financial information, click here
Official website here: www.manateememorial.com/mmh-foundation-inc
What is the mission statement of Manatee Memorial Foundation Inc?
The Manatee Memorial Foundation Inc's mission is centered around providing support to individuals with health-related situations and not-for-profit agencies aiming to achieve their full potential. Additionally, the foundation helps individuals acquire their educational training. To accomplish these goals, the foundation provides grants and funding to community organizations for health-related programs and offers student scholarships to foster a steady flow of skilled medical personnel in the relevant field.
Official website here: www.manateememorial.com/mmh-foundation-inc
Who is the CEO of Manatee Memorial Foundation Inc?
Desear Vernon is the Chairman of Manatee Memorial Foundation Inc. The CEO's salary of Manatee Memorial Foundation Inc is $0 and their total compensation is $0.
Official website here: www.manateememorial.com/mmh-foundation-inc
What is the revenue of Manatee Memorial Foundation Inc?
Manatee Memorial Foundation Inc's revenue in 2023 was $1,218,110.
Official website here: www.manateememorial.com/mmh-foundation-inc
Who are the executives of Manatee Memorial Foundation Inc and what are their salaries?
The average compensation at Manatee Memorial Foundation Inc during 2023 was $96,165. There are 4 employees at Manatee Memorial Foundation Inc.
Here are 5 key members and their salaries (Manatee Memorial Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.manateememorial.com/mmh-foundation-inc
Where can I find the form 990 for Manatee Memorial Foundation Inc?
Manatee Memorial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manateememorial.com/mmh-foundation-inc
Learn more at the official website: www.manateememorial.com/mmh-foundation-inc
Mission Statement of Manatee Memorial Foundation Inc
The Manatee Memorial Foundation Inc is devoted to aiding individuals who are dealing with health-related situations directly or indirectly. Its mission encompasses two primary objectives. Firstly, the foundation extends support to not-for-profit agencies, enabling them to reach their full potential in serving their communities. Secondly, the foundation assists individuals in achieving their educational training, particularly in the medical field. By providing grants and funding for health-related programs and scholarships, the Manatee Memorial Foundation Inc aims to establish and maintain a steady flow of skilled medical personnel in the community. This dual mission allows the foundation to contribute significantly to the well-being of the community and the development of the medical workforce.
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Impact
July, 2024
Manatee Memorial Foundation Inc's impact lies in providing vital support to individuals facing health-related situations, assisting other not-for-profit organizations in maximizing their potential, and helping individuals access educational training. By offering grants and funding to community organizations for health-related programs and providing student scholarships to foster a continuous supply of skilled medical personnel in Manatee County, the foundation plays a significant role in promoting community well-being and healthcare sustainability. Through its philanthropic endeavors, Manatee Memorial Foundation Inc is actively contributing to the betterment of individuals' lives and the overall health of the community.
This information is meant to be a general summary of Manatee 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 2023.
- Investment Income: $1,579
- Gross Receipts: $2,030,802
Assets and Liabilities:
- Total Assets: $1,663,260
- Total Liabilities: $5,739
- Net Assets: $1,657,521
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Organization Details
Founding Year
1991
Phone
(941) 745-7306Principal Officer
Desear Vernon
Main Address
206 2ND STREET EAST, BRADENTON, FL, 34208
NTEE Category
Code: T30 - Philanthropy
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