Overview
What is Medical City Mckinnet Auxiliary?
Medical City McKinney Auxiliary is a dedicated nonprofit organization that offers volunteer services to a local hospital and manages the hospital's gift shop. The proceeds from the gift shop are allocated to offer partial scholarships to students in need, pursuing careers in the nursing and medical fields. This philanthropic initiative helps aspiring healthcare professionals by alleviating some of their financial burdens, ultimately contributing to the health and wellbeing of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Medical City McKinney Auxiliary has received a "Needs Improvement" rating from Charity Navigator, indicating mixed performance in accountability and finance. The charity boasts a strong independent board with 100% independent members, which is commendable. Additionally, they have a good program expense ratio at 70.25%, suggesting that a significant portion of their funds is directed towards their programs.
However, several critical areas require attention. The organization lacks essential policies such as conflict of interest, whistleblower, and document retention policies, which may impact transparency and governance. Furthermore, the charity's website is not listed on their tax form, and they have not made their tax form available online, which detracts from their overall accountability score.
While the financial health appears stable with a low liabilities-to-assets ratio, the absence of key governance documents and policies presents limitations in their operational transparency. Addressing these gaps could lead to improved ratings and greater trust from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Medical City Mckinnet Auxiliary legitimate?
Medical City Mckinnet Auxiliary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical City Mckinnet Auxiliary 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
What is the mission statement of Medical City Mckinnet Auxiliary?
The Medical City Mckinnet Auxiliary is committed to providing volunteer services to a local hospital and managing the operation of a gift shop. The profits generated from the gift shop are then utilized to offer partial scholarships to financially struggling students pursuing careers in nursing and medicine. This philanthropic endeavor aims to support the next generation of healthcare professionals, thereby contributing to the medical field in a meaningful way. The auxiliary's activities not only benefit the hospital and its patients but also inspire and empower future healthcare workers.
Who is the CEO of Medical City Mckinnet Auxiliary?
Sandy Payne is the President of Medical City Mckinnet Auxiliary.
What is the revenue of Medical City Mckinnet Auxiliary?
Medical City Mckinnet Auxiliary's revenue in 2022 was $10,564.
Who are the executives of Medical City Mckinnet Auxiliary and what are their salaries?
There 70 volunteers at Medical City Mckinnet Auxiliary.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Medical City Mckinnet Auxiliary?
Medical City Mckinnet Auxiliary's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medical City Mckinnet Auxiliary
Medical City Mckinnet Auxiliary is a dedicated organization that focuses on providing volunteer services to a local hospital and operating a gift shop. The profits generated from the gift shop serve a noble purpose, as they are utilized to grant partial scholarships to financially struggling students pursuing careers in the nursing and medical fields. By offering this support, the Medical City Mckinnet Auxiliary empowers future healthcare professionals and contributes to the overall health and well-being of the community.
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Impact
August, 2024
The impact of Medical City Mckinnet Auxiliary is significant as it provides volunteer services to the hospital and operates a gift shop. The profits generated from the gift shop are utilized to offer partial scholarships to students in the nursing and medical fields who are in need. This support not only benefits the students by helping them pursue their education but also contributes to the healthcare sector by nurturing future healthcare professionals. Through their philanthropic endeavors, the Auxiliary plays a crucial role in enhancing the community by supporting education and healthcare initiatives.
This information is meant to be a general summary of Medical City Mckinnet Auxiliary. 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: $88
- Gross Receipts: $48,135
Assets and Liabilities:
- Total Assets: $98,968
- Total Liabilities: $327
- Net Assets: $98,641
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Organization Details
Founding Year
1985
Phone
(972) 540-4993Principal Officer
Sandy Payne
Main Address
4500 Medical Center Drive, McKinney, TX, 750691650
NTEE Category
Code: T00 - Philanthropy
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