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Methodist Richardson Medical Center Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751788520 ✦ Richardson, TX ✦ Designated as a 501(c)(3)

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Overview

What is Methodist Richardson Medical Center Foundation Inc?

Methodist Richardson Medical Center Foundation Inc, located at 401 W Campbell Road, Richardson, Texas 75080, is a nonprofit organization dedicated to supporting Methodist Health System. Their primary mission is to cultivate and manage donor relationships, aiming to raise funds for the hospital. These funds are utilized to procure cutting-edge technology, attract skilled medical personnel, and strengthen essential hospital programs. The foundation's annual fundraising event, the Yellow and Black Tie Gala, generates significant proceeds, a portion of which specifically benefits the Methodist Health System Cancer Program.


Official website here: www.methodisthealthsystem.org

Is Methodist Richardson Medical Center Foundation Inc legitimate?

Methodist Richardson Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Richardson Medical Center 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: $0

For more financial information, click here


Official website here: www.methodisthealthsystem.org

What is the mission statement of Methodist Richardson Medical Center Foundation Inc?

Methodist Richardson Medical Center Foundation Inc's mission is centered around establishing and maintaining relationships with donors. The primary objective is to raise, manage, and distribute funds. These funds are intended to aid Methodist Health System in various capacities, such as acquiring advanced medical technology, recruiting skilled medical personnel, and supporting crucial hospital programs. The foundation achieves its mission through events like the annual Yellow and Black Tie Gala, where proceeds contribute to hospital operations and specifically targeted programs, like the cancer program, at Methodist Health System.


Official website here: www.methodisthealthsystem.org

Who is the CEO of Methodist Richardson Medical Center Foundation Inc?

Unavailable


Official website here: www.methodisthealthsystem.org

What is the revenue of Methodist Richardson Medical Center Foundation Inc?

Methodist Richardson Medical Center Foundation Inc's revenue in 2022 was $424,629.


Official website here: www.methodisthealthsystem.org

Who are the executives of Methodist Richardson Medical Center Foundation Inc and what are their salaries?

There 13 volunteers at Methodist Richardson Medical Center Foundation Inc.


Here are 14 key members and their salaries:


Barry Young (Vice Chair Of Governance & Chair (Through Dec 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindi Jackson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danna Melcher (Chair (Beginning Jan 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Scott (Vice Chair Of Development)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jessen (Vice Chair Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Rankin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clay Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Stella Gola (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marta Frey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Bedosky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marybeth Tiemeyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teddy Kinzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yogi Chimata Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sydney Plant (Executive Director (Through Oct 2021))
  • Compensation: $0
  • Related: $128,352
  • Other: $13,637


Official website here: www.methodisthealthsystem.org

Where can I find the form 990 for Methodist Richardson Medical Center Foundation Inc?

Methodist Richardson Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.methodisthealthsystem.org

Learn more at the official website: www.methodisthealthsystem.org

Mission Statement of Methodist Richardson Medical Center Foundation Inc

Methodist Richardson Medical Center Foundation Inc's mission revolves around establishing and sustaining relationships with donors. The primary objective is to gather, manage, and distribute funds on behalf of Methodist Health System. This nonprofit organization strives to assist its parent institution in various aspects, including the acquisition of cutting-edge technology, attracting talented medical professionals, and supporting crucial hospital programs. By doing so, Methodist Richardson Medical Center Foundation Inc plays a pivotal role in enhancing the overall capabilities and services provided by Methodist Health System. The annual Yellow and Black Tie Gala, organized by the foundation, serves as a significant source of funds for the organization's initiatives. The proceeds from this event contribute substantially to the operations of Methodist Health System, with a portion specifically earmarked for their cancer program.

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Impact




October, 2024

Methodist Richardson Medical Center Foundation Inc has a significant impact on the healthcare landscape by fostering strong relationships with donors and effectively managing resources to support Methodist Health System. Through initiatives like the annual Yellow and Black Tie Gala, the foundation raises essential funds that directly benefit hospital operations and specialized programs, such as the cancer program.

The funds generated are crucial in acquiring state-of-the-art medical technology and attracting top-tier medical professionals, ultimately enhancing the quality of care provided to the community. By ensuring that Methodist Health System remains well-equipped and staffed, the foundation plays a vital role in supporting community health initiatives and improving patient outcomes in Richardson, TX.




This information is meant to be a general summary of Methodist Richardson Medical Center 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.

Revenue
$424,629 (2022)
Expenses
$276,274 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $31,762
  • Gross Receipts: $604,156

Assets and Liabilities:

  • Total Assets: $3,163,378
  • Total Liabilities: $22,562
  • Net Assets: $3,140,816

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Organization Details

Founding Year

1981

Main Address

401 W Campbell Road, Richardson, TX, 75080

NTEE Category

Code: T30 - Philanthropy

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