Overview
What is Marshall Hospital Foundation?
The Marshall Hospital Foundation, established in 1995, is a 501(c)(3) charitable organization located in Marshall, Texas (75670). Its primary mission is to foster the growth and enhancement of medical resources in the area by generating funds, gifts, and bequests. The foundation supports Good Shepherd Medical Center-Marshall, providing assistance for the maintenance and improvement of its facilities and services. Additionally, the Marshall Hospital Foundation promotes healthcare education through the Polly Cargill Nursing Scholarship and offers general healthcare instruction to the public. Its board is committed to meeting the healthcare needs of the local community and supporting medical education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Marshall Hospital Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This high score indicates that the foundation efficiently manages its finances, with a notably low liabilities to assets ratio of 0.70%, demonstrating solid financial health. The foundation's program expense ratio is also commendable at 97.97%, suggesting that a significant majority of its funding goes directly toward its programs and services.
Strengths of the Marshall Hospital Foundation include a governance structure with a fully independent board, consisting of nine members, which enhances its decision-making and accountability. The organization has established several policies, including conflict of interest, whistleblower, and document retention, which are essential for maintaining integrity and transparency. This comprehensive approach to governance is reinforced by their documentation and record-keeping practices, as evidenced by the availability of board meeting minutes.
While the foundation has shown robust financial and governance practices, ongoing engagement with stakeholders and transparency in communication will be crucial for maintaining trust and support. Overall, the high ratings highlight the foundation's effective management and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Marshall Hospital Foundation legitimate?
Marshall Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marshall Hospital 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
What is the mission statement of Marshall Hospital Foundation?
The Marshall Hospital Foundation was established with a mission to enhance the availability of healthcare services and wellness programs in the surrounding communities. The foundation's primary goal is to promote the growth of the local medical center, GSMC-Marshall, through a broad-based funding program. The organization's mission is to support the hospital in its endeavor to provide exemplary healthcare in a safe and caring environment.
The Marshall Hospital Foundation is a 501(c)(3) charitable institution that generates, solicits, and receives funds, gifts, and bequests to assist in carrying out beneficial healthcare activities. It provides support for GSMC-Marshall by aiding in the maintenance and improvement of the medical center's current facilities and services. The foundation also engages in general healthcare instruction for the public and supports medical education through the Polly Cargill Nursing Scholarship. Furthermore, it applies for grants to continue its efforts in meeting the healthcare needs of the community.
Who is the CEO of Marshall Hospital Foundation?
Michael Cheek is the President/Ceo of Marshall Hospital Foundation. The CEO's salary of Marshall Hospital Foundation is $0 and their total compensation is $1,313,294.
What is the revenue of Marshall Hospital Foundation?
Marshall Hospital Foundation's revenue in 2022 was $35,434.
Who are the executives of Marshall Hospital Foundation and what are their salaries?
There 11 volunteers at Marshall Hospital Foundation.
Here are 12 key members and their salaries (Marshall Hospital Foundation's CEO's salary is $0 and their total compensation is $1,313,294):
- Compensation: $0
- Related: $969,435
- Other: $343,859
- Compensation: $0
- Related: $96,971
- Other: $1,063
- Compensation: $0
- Related: $10,875
- Other: $801
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Marshall Hospital Foundation?
Marshall Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marshall Hospital Foundation
The Marshall Hospital Foundation, established in 1995, is a charitable organization with a mission to enhance and improve the accessibility of healthcare services and wellness programs in the communities surrounding Harrison County, Texas. Their primary objective is to promote the growth of Good Shepherd Medical Center-Marshall by generating, soliciting, and receiving funds, gifts, and bequests. This support aids in carrying out beneficial healthcare activities within the medical center. The foundation's efforts are instrumental in providing assistance with the resources available for the maintenance and improvement of the medical center's current facilities and services.
Beyond funding, the Marshall Hospital Foundation is committed to supporting medical education through the Polly Cargill Nursing Scholarship. This scholarship program aims to nurture future healthcare professionals, ensuring a steady supply of skilled individuals who can contribute to the betterment of the community's health and medical services. Furthermore, the foundation engages in general healthcare instruction for the public, furthering the community's understanding of health-related matters and encouraging proactive healthcare practices. The Marshall Hospital Foundation is governed by a board of trustees, dedicated to meeting the healthcare needs of the residents in their area, supporting medical education, and fostering general healthcare instruction.
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Impact
August, 2024
The Marshall Hospital Foundation's impact is felt through its dedicated efforts to improve and enhance the availability of healthcare services and wellness programs in Harrison County, Texas, and the surrounding communities. Established in 1995 as a 501(c)(3) charitable foundation, the Foundation plays a crucial role in supporting Good Shepherd Medical Center-Marshall by generating funds, gifts, and bequests that contribute to beneficial healthcare activities.
Through its mission to promote growth at GSMC-Marshall and improve the health and medical services in Cass and Marion County communities, the Foundation provides essential support for the maintenance and enhancement of the medical center's facilities and services. Additionally, the Foundation is committed to supporting medical education through initiatives like the Polly Cargill Nursing Scholarship and engaging in general healthcare instruction for the public.
By receiving and maintaining funds to meet the healthcare needs of local residents, the Marshall Hospital Foundation embodies a spirit of philanthropy and community care that resonates throughout the area.
This information is meant to be a general summary of Marshall Hospital 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: $734
- Gross Receipts: $35,434
Assets and Liabilities:
- Total Assets: $202,244
- Total Liabilities: $1,867
- Net Assets: $200,377
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Organization Details
Founding Year
1995
Phone
(903) 927-6982Principal Officer
Michael Cheek
Main Address
811 S WASHINGTON AVE, MARSHALL, TX, 75670
NTEE Category
Code: T31 - Philanthropy
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