Overview
What is Medical Center Health System Foundation?
The Medical Center Health System Foundation, situated in Odessa, Texas, is a nonprofit organization committed to raising funds solely for the benefit of the Ector County Hospital District. They accomplish this through various events such as telethons, radio-a-thons, book fairs, jewelry sales, and Springfest. Contributions to these events are utilized to directly support the hospital district or contribute to organizations classified as exempt under Section 501(c)(3) of the Internal Revenue Code. The foundation's primary mission revolves around receiving and managing funds intended for the Ector County Hospital District.
Official website here: www.mchodessa.com/mchs-foundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Medical Center Health System Foundation has received an overall score of 84%, reflecting a strong performance in the areas of accountability and finance. The foundation's rating is primarily based on its commitment to accountability, with a perfect score in several categories, including independent board members and financial oversight. This indicates a well-governed organization that prioritizes financial integrity.
A significant strength of the foundation is its high program expense ratio of 98.45%, which suggests that a large portion of its funding is directed toward its programs rather than administrative costs. Additionally, the organization has no reported issues with material diversion of assets, further underscoring its financial health and responsible management of resources.
However, it is important to note that the foundation is missing a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These gaps may indicate areas for improvement in governance and transparency, which could enhance stakeholders' confidence in the organization. Overall, while the foundation demonstrates solid financial practices, addressing these policy shortcomings could strengthen its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Medical Center Health System Foundation legitimate?
Medical Center Health System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical Center Health System 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: $0
For more financial information, click here
Official website here: www.mchodessa.com/mchs-foundation.com
What is the mission statement of Medical Center Health System Foundation?
The Medical Center Health System Foundation's primary mission is to collect and manage funds, which are then allocated exclusively for the Ector County Hospital District. The foundation carries out this mission by participating in various fundraising events, such as telethons and radio-a-thons, and selling items like Miracle Balloons and jewelry. The funds raised are utilized either directly for the hospital district or contributed to organizations that meet the criteria of exempt organizations under Section 501(c)(3) of the Internal Revenue Code. The aim is to support the Ector County Hospital District in its operations and initiatives.
Official website here: www.mchodessa.com/mchs-foundation.com
Who is the CEO of Medical Center Health System Foundation?
Grant Trollope is the Treasurer of Medical Center Health System Foundation. The CEO's salary of Medical Center Health System Foundation is $0 and their total compensation is $0.
Official website here: www.mchodessa.com/mchs-foundation.com
What is the revenue of Medical Center Health System Foundation?
Medical Center Health System Foundation's revenue in 2022 was $1,161,397.
Official website here: www.mchodessa.com/mchs-foundation.com
Who are the executives of Medical Center Health System Foundation and what are their salaries?
There 25 volunteers at Medical Center Health System Foundation.
Here are 19 key members and their salaries (Medical Center Health System Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.mchodessa.com/mchs-foundation.com
Where can I find the form 990 for Medical Center Health System Foundation?
Medical Center Health System Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mchodessa.com/mchs-foundation.com
Learn more at the official website: www.mchodessa.com/mchs-foundation.com
Mission Statement of Medical Center Health System Foundation
Medical Center Health System Foundation is dedicated to collecting and managing funds exclusively for the Ector County Hospital District. Its primary objective is to allocate these funds to support the hospital district, either directly or through contributions to organizations classified as exempt under Section 501(C)(3) of the Internal Revenue Code. The foundation accomplishes this by participating in various fundraising events, such as the Children's Miracle Network's telethon in June and various CMN events held throughout the year. These events include radio-a-thons, Spanish radio-a-thons, mirror balloon sales, Springfest, book fairs, and jewelry sales. By engaging in these activities, Medical Center Health System Foundation raises funds to benefit the Ector County Hospital District, contributing to its overall mission and operations.
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Impact
July, 2024
Medical Center Health System Foundation's impact can be seen in its dedicated efforts to support the Ector County Hospital District. By receiving and maintaining funds exclusively for this district, the foundation plays a crucial role in ensuring the provision of quality healthcare services to the community. Through strategic partnerships such as the Children's Miracle Network, the foundation actively engages in fundraising activities throughout the year to raise additional funds for healthcare initiatives. These efforts contribute directly to improving the health and well-being of residents in Odessa, Texas, and surrounding areas.
This information is meant to be a general summary of Medical Center Health System 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: $26,914
- Gross Receipts: $1,161,397
Assets and Liabilities:
- Total Assets: $5,654,750
- Total Liabilities: $6,650
- Net Assets: $5,648,100
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Organization Details
Founding Year
1963
Phone
(432) 640-1242Principal Officer
Grant Trollope
Main Address
PO BOX 7335, ODESSA, TX, 79760
NTEE Category
Code: E30 - Health
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