Overview
What is Memorial Hermann Foundation?
Memorial Hermann Foundation is a charitable organization based in Houston, Texas, with the address 929 Gessner Rd Suite 1900. Their primary mission is to financially support Memorial Hermann Health System and its affiliates by funding the purchase of patient-care equipment, furnishings, and supplies, and medical programs. They actively engage in fundraising and promotional efforts for the betterment of the tax-exempt organizations and their initiatives. Aligned with their values of community, compassion, credibility, and courage, Memorial Hermann Health System is a nonprofit, community-owned healthcare system dedicated to enhancing health in Houston and beyond, aiming to create healthier communities for future generations.
Official website here: www.memorialhermann.org/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Memorial Hermann Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation has a fully independent board, with 100% of its members meeting this criterion, showcasing a commitment to governance that fosters trust and transparency. Its financial health is evident through robust ratios, including a healthy liabilities-to-assets ratio and an exemplary program expense ratio of 82.4%.
Strengths of the foundation include its solid financial oversight, with no material diversion of assets reported and various policies in place to manage conflicts of interest and ensure accountability. The foundation's fundraising efficiency is notable, requiring only $0.10 to raise each dollar, indicating effective use of resources. Additionally, the organization has a significant working capital ratio, providing a cushion for its operations.
While the foundation excels in financial management and governance, continuous monitoring of its programs and impact would be beneficial to ensure long-term effectiveness and community benefit. Overall, the Memorial Hermann Foundation stands out for its accountability practices and financial performance.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Hermann Foundation legitimate?
Memorial Hermann Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Hermann 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,466,045
For more financial information, click here
Official website here: www.memorialhermann.org/foundation/
What is the mission statement of Memorial Hermann Foundation?
The Memorial Hermann Foundation is a non-profit organization dedicated to supporting Memorial Hermann Health System and its affiliates. Their mission is to fundraise and promote various health programs and functions conducted by these organizations. Memorial Hermann Health System is a community-owned health system, committed to improving health and creating healthier communities for future generations. Guided by the values of community, compassion, credibility, and courage, the foundation disburses funds for the purchase of patient-care related equipment, furnishings, and supplies to benefit various operating departments within the hospital system.
Official website here: www.memorialhermann.org/foundation/
Who is the CEO of Memorial Hermann Foundation?
David Callender Md is the Principal Officer of Memorial Hermann Foundation. The CEO's salary of Memorial Hermann Foundation is $0 and their total compensation is $897,102.
Official website here: www.memorialhermann.org/foundation/
What is the revenue of Memorial Hermann Foundation?
Memorial Hermann Foundation's revenue in 2022 was $27,149,631.
Official website here: www.memorialhermann.org/foundation/
Who are the executives of Memorial Hermann Foundation and what are their salaries?
Here are 38 key members and their salaries (Memorial Hermann Foundation's CEO's salary is $0 and their total compensation is $897,102):
- Compensation: $0
- Related: $3,133,129
- Other: $421,070
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- Related: $1,540,649
- Other: $240,520
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- Related: $1,124,196
- Other: $244,086
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- Related: $790,290
- Other: $106,812
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- Other: $110,641
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Official website here: www.memorialhermann.org/foundation/
Where can I find the form 990 for Memorial Hermann Foundation?
Memorial Hermann Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialhermann.org/foundation/
Learn more at the official website: www.memorialhermann.org/foundation/
Mission Statement of Memorial Hermann Foundation
Memorial Hermann Foundation is a nonprofit organization dedicated to providing funding support and promotional efforts to Memorial Hermann Health System and its tax-exempt affiliates. This community-owned health system, rooted in values such as community, compassion, credibility, and courage, is committed to improving health and creating healthier communities for generations to come. Memorial Hermann Foundation's mission in action involves disbursing funds for the purchase of patient-care related equipment, furnishings, and supplies, as well as medical programs, benefiting various operating departments throughout the hospital locations. By doing so, the foundation plays a crucial role in enhancing the quality of care delivered by Memorial Hermann Health System.
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Impact
October, 2024
Memorial Hermann Foundation significantly enhances healthcare services by providing vital fundraising support and promotional efforts for the Memorial Hermann Health System and its affiliates. Its impact is felt through substantial disbursements aimed at acquiring patient-care related equipment, furnishings, and supplies, ensuring that medical programs across various hospital departments are adequately funded.
By focusing on improving health outcomes, Memorial Hermann Foundation plays a crucial role in creating healthier communities for both present and future generations. Its values of community, compassion, credibility, and courage drive its initiatives, fostering an environment where advanced healthcare solutions can flourish in Houston and beyond. This commitment not only elevates the quality of patient care but also strengthens the overall health infrastructure in the region, benefiting countless individuals and families.
This information is meant to be a general summary of Memorial Hermann 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 2022.
- Investment Income: -$5,762,270
- Gross Receipts: $27,956,670
Assets and Liabilities:
- Total Assets: $138,643,234
- Total Liabilities: $1,293,057
- Net Assets: $137,350,177
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Organization Details
Founding Year
1969
Phone
(713) 338-4552Principal Officer
David Callender Md
Main Address
929 Gessner Rd Suite 1900, Houston, TX, 77024
NTEE Category
Code: E110 - Health
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