Overview
What is The Methodist Hospital Foundation?
The Methodist Hospital Foundation, based in Houston, Texas, is a charitable organization dedicated to supporting Houston Methodist Hospital. By raising funds, the foundation ensures the hospital's continued commitment to delivering high-quality, cost-effective healthcare, and conducting research and education in a caring environment. The hospital's mission is to provide excellent patient care, associated with internationally recognized teaching and research.
Official website here: www.houstonmethodist.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Methodist Hospital Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 90% in the Accountability & Finance category, showcasing its effective governance practices, including a fully independent board and a robust audit and oversight committee. This high rating indicates that the foundation operates transparently and responsibly, ensuring that funds are utilized effectively for its mission.
Strengths noted include the foundation's excellent financial metrics, such as a low liabilities-to-assets ratio of 0.14%, which suggests strong financial stability. Additionally, the organization demonstrates high program expense efficiency, with 66.44% of expenses directed towards programs, along with impressive fundraising efficiency at $0.13 per dollar raised. These metrics highlight the foundation's ability to maintain a focus on its core mission while managing resources prudently.
While the foundation shows significant strengths, the program expense ratio could see improvement, indicating that a portion of expenditures might be allocated differently to enhance programmatic impact. Overall, The Methodist Hospital Foundation stands out as a well-managed organization with a strong reputation for ethical practices and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Methodist Hospital Foundation legitimate?
The Methodist Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Methodist 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: $1,077
For more financial information, click here
Official website here: www.houstonmethodist.org
What is the mission statement of The Methodist Hospital Foundation?
The Houston Methodist Hospital Foundation supports Houston Methodist Hospital in its mission to provide top-notch, cost-effective healthcare with the best value for those it serves, all while maintaining a caring environment. Established to bolster Houston Methodist's efforts in research, education, and patient care, the foundation aims to secure the necessary resources for the hospital to thrive and continue its quest for excellence. By doing so, it enables Houston Methodist Hospital to make a significant impact on the health and well-being of its community.
Official website here: www.houstonmethodist.org
Who is the CEO of The Methodist Hospital Foundation?
Susan Coulter is the Principal Officer of The Methodist Hospital Foundation. The CEO's salary of The Methodist Hospital Foundation is $0 and their total compensation is $1,164,434.
Official website here: www.houstonmethodist.org
What is the revenue of The Methodist Hospital Foundation?
The Methodist Hospital Foundation's revenue in 2022 was $140,278,306.
Official website here: www.houstonmethodist.org
Who are the executives of The Methodist Hospital Foundation and what are their salaries?
There 149 volunteers at The Methodist Hospital Foundation.
Here are 20 key members and their salaries (The Methodist Hospital Foundation's CEO's salary is $0 and their total compensation is $1,164,434):
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- Related: $1,023,983
- Other: $140,451
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- Related: $4,017,895
- Other: $803,242
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- Related: $804,447
- Other: $127,608
- Compensation: $0
- Related: $1,794,772
- Other: $250,163
Official website here: www.houstonmethodist.org
Where can I find the form 990 for The Methodist Hospital Foundation?
The Methodist Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.houstonmethodist.org
Learn more at the official website: www.houstonmethodist.org
Mission Statement of The Methodist Hospital Foundation
The Methodist Hospital Foundation, a vital component of Houston Methodist, is dedicated to advancing the mission of this esteemed organization. By providing essential support, the Foundation ensures Houston Methodist's commitment to delivering superior quality, cost-effective healthcare in a compassionate environment. In accordance with internationally recognized teaching and research, the Foundation's primary goal is to empower Houston Methodist to excel in patient care, education, and research.
Established to bolster Houston Methodist's vision, The Houston Methodist Hospital Foundation plays a pivotal role in securing the resources necessary for the organization to thrive. This foundation's unwavering dedication is instrumental in propelling Houston Methodist towards achieving excellence in all its endeavors. By fostering a conducive environment for groundbreaking research, world-class education, and top-tier patient care, the Foundation contributes significantly to the betterment of the healthcare landscape.
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Impact
October, 2024
The Methodist Hospital Foundation significantly enhances healthcare in the community by supporting Houston Methodist Hospital's mission to provide top-quality, cost-effective health care. It plays a crucial role in achieving excellence in research, education, and patient care by securing essential funding and resources. This support enables innovative treatments and advanced medical practices, ensuring that patients receive the highest standard of care in a compassionate environment. By fostering an atmosphere of healing and learning, the Foundation helps to uphold the hospital's commitment to delivering exceptional healthcare services.
This information is meant to be a general summary of The Methodist 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: $2,393,726
- Gross Receipts: $578,471,137
Assets and Liabilities:
- Total Assets: $787,404,303
- Total Liabilities: $1,143,492
- Net Assets: $786,260,811
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Organization Details
Founding Year
1983
Phone
(832) 667-6160Principal Officer
Susan Coulter
Main Address
6565 FANNIN GB240, HOUSTON, TX, 770302703
Website
www.houstonmethodist.orgNTEE Category
Code: E20 - Health
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