Overview
What is Dallas Methodist Hospitals Foundation Inc?
The Dallas Methodist Hospitals Foundation Inc is a charitable organization based in Dallas, Texas, with a specific mission to raise funds for the Methodist Health System. Their primary goal is to increase community awareness of the system's exempt purpose and charitable functions. They accomplish this by granting resources to support the health system's various programs and operations. The Foundation's activities are focused on providing essential financial support to ensure the Methodist Health System continues to make a positive impact on the community.
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Dallas Methodist Hospitals Foundation Inc has earned a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation scored 90% overall, primarily based on its accountability and finance metrics. The organization demonstrates a robust governance structure, with 93% of its board members being independent and a comprehensive audit and oversight process in place.
The foundation excels in managing its resources effectively, boasting a program expense ratio of 84.02%, which reflects a strong commitment to funding its programs rather than administrative expenses. Additionally, its liabilities to assets ratio is remarkably low at 1.59%, showing a solid financial position. This indicates that the organization is well-equipped to support its mission financially and can sustain its operations effectively.
However, there are areas for improvement, particularly in fundraising efficiency, where it scored $0.31. This suggests that while the foundation has a solid operational framework, it may need to enhance its fundraising strategies to maximize the impact of donations. Overall, Dallas Methodist Hospitals Foundation Inc displays a commendable commitment to accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Dallas Methodist Hospitals Foundation Inc legitimate?
Dallas Methodist Hospitals Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Methodist Hospitals 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
What is the mission statement of Dallas Methodist Hospitals Foundation Inc?
The Dallas Methodist Hospitals Foundation Inc is dedicated to raising funds to support the charitable functions and raise community awareness of the Methodist Health System. Through grants, they contribute to the exempt purpose of the organization, enhancing its ability to provide essential services. The foundation's mission is to bolster the community's understanding of the Methodist Health System's charitable endeavors and help secure the necessary resources for their continued operation. By fostering support for these initiatives, the Dallas Methodist Hospitals Foundation plays a crucial role in improving health care access and outcomes for those in need.
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
Who is the CEO of Dallas Methodist Hospitals Foundation Inc?
Unavailable
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
What is the revenue of Dallas Methodist Hospitals Foundation Inc?
Dallas Methodist Hospitals Foundation Inc's revenue in 2022 was $13,230,155.
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
Who are the executives of Dallas Methodist Hospitals Foundation Inc and what are their salaries?
There 47 volunteers at Dallas Methodist Hospitals Foundation Inc.
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Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
Where can I find the form 990 for Dallas Methodist Hospitals Foundation Inc?
Dallas Methodist Hospitals Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
Learn more at the official website: www.methodisthealthsystem.org/giving/methodist-health-system-foundation/
Mission Statement of Dallas Methodist Hospitals Foundation Inc
Dallas Methodist Hospitals Foundation Inc is a charitable organization dedicated to raising funds and increasing community awareness for the exempt purposes and charitable functions of the Methodist Health System. The foundation's mission is twofold: it focuses on generating financial support for the Methodist Health System, while simultaneously enhancing the community's understanding of the organization's noble cause.
Through various grant initiatives, Dallas Methodist Hospitals Foundation Inc directly contributes to the charitable operations and the exempt purpose of the Methodist Health System. By providing financial assistance, the foundation ensures that the Methodist Health System can continue to deliver exceptional healthcare services to those in need. Furthermore, the foundation's efforts to raise awareness within the community help foster a stronger support network for the organization, ultimately contributing to its overall success.
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Impact
October, 2024
Dallas Methodist Hospitals Foundation Inc plays a crucial role in enhancing community health and well-being by raising funds to support the charitable functions of the Methodist Health System. Through grants and financial support, the Foundation enables the delivery of vital health programs and services, increasing accessibility for a diverse range of patients in the Dallas area. Their efforts contribute to community awareness around health issues, ensuring that individuals are informed and empowered to seek the medical care they need.
By emphasizing charitable operations, the Foundation not only helps to improve health outcomes but also fosters a sense of community engagement and support. Their initiatives promote health education and outreach, addressing the specific needs of the local population. Overall, Dallas Methodist Hospitals Foundation Inc significantly impacts community health infrastructure and awareness, ultimately striving to create a healthier future for all residents in the Dallas area.
This information is meant to be a general summary of Dallas Methodist Hospitals 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: $7,164,640
- Gross Receipts: $24,815,535
Assets and Liabilities:
- Total Assets: $119,683,610
- Total Liabilities: $1,914,847
- Net Assets: $117,768,763
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Organization Details
Founding Year
1977
Phone
(214) 947-4510Main Address
1441 N Beckley Ave, Dallas, TX, 75203
NTEE Category
Code: E11 - Health
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