Overview
What is Magnolia Hospital Foundation?
Magnolia Hospital Foundation is a charitable organization, based in Magnolia, Arkansas, with a postal address at PO Box 2161. Its primary mission is to generate financial support for Magnolia City Hospital, promoting and encouraging its various initiatives and objectives. The foundation plays a crucial role in fostering and reinforcing the hospital's activities, contributing to its overall purpose. By raising funds, the foundation supports the hospital's operations and services, ultimately benefiting the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Magnolia Hospital Foundation has a decent accountability and finance score of 73, which indicates some strengths in its governance and financial management. The foundation boasts a fully independent board, scoring full points in that area, which is crucial for maintaining transparency and making impartial decisions.
However, significant gaps are apparent in several key policies. The foundation received zero points for its conflict of interest, whistleblower, and document retention policies, suggesting a lack of formalized procedures that can protect both the organization and its stakeholders from potential issues. Additionally, the absence of its website listed on the tax form and failure to post critical documents on its website may hinder transparency and accessibility.
While the Magnolia Hospital Foundation demonstrates a solid program expense ratio and manageable liabilities, the cited weaknesses in governance policies and lack of essential documentation could undermine its overall effectiveness and public trust. Addressing these areas could enhance its rating and operational integrity in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Hospital Foundation legitimate?
Magnolia Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Hospital Foundation 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:
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What is the mission statement of Magnolia Hospital Foundation?
The Magnolia Hospital Foundation's mission is to cultivate funds to bolster and encourage the undertakings and objectives of Magnolia City Hospital. By raising money, the foundation aims to contribute significantly to the hospital's activities and purposes. This non-profit organization's role is instrumental in providing essential support to the hospital, thereby contributing to the well-being of the patients and the community it serves.
Who is the CEO of Magnolia Hospital Foundation?
Glenda Kirkpatrick is the Director of Magnolia Hospital Foundation.
What is the revenue of Magnolia Hospital Foundation?
Magnolia Hospital Foundation's revenue in 2023 was $65,641.
Who are the executives of Magnolia Hospital Foundation and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Magnolia Hospital Foundation?
Magnolia Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Magnolia Hospital Foundation
Magnolia Hospital Foundation is dedicated to promoting and advancing the objectives and operations of Magnolia City Hospital. Through its fundraising efforts, the foundation serves to foster, support, and encourage the hospital's activities and goals. By raising funds, the foundation plays a crucial role in enhancing the hospital's capabilities and ensuring it can effectively carry out its mission.
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Impact
August, 2024
Magnolia Hospital Foundation's impact on the community of Magnolia, Arkansas, is substantial. By raising funds to support the activities and purposes of Magnolia City Hospital, the foundation plays a crucial role in improving healthcare services and accessibility for local residents. Their philanthropic efforts contribute to enhancing patient care, investing in advanced medical technologies, and supporting various programs aimed at promoting community health and well-being. Through their dedicated work, Magnolia Hospital Foundation positively influences the quality of healthcare services available to individuals in Magnolia and its surrounding areas.
This information is meant to be a general summary of Magnolia Hospital Foundation. 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: $3,219
- Gross Receipts: $66,005
Assets and Liabilities:
- Total Assets: $462,731
- Total Liabilities: $0
- Net Assets: $462,731
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Organization Details
Founding Year
1996
Principal Officer
Glenda Kirkpatrick
Main Address
P O BOX 2161, MAGNOLIA, AR, 71754
NTEE Category
Code: T21 - Philanthropy
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