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The Memorial Health System Foundation

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

EIN: 841576338 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

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Overview

What is The Memorial Health System Foundation?

The Memorial Health System Foundation is a nonprofit organization that generously provides philanthropic resources to enhance the capabilities of Memorial Health System. Their mission is to assist Memorial Health System in delivering top-notch healthcare services. They achieve this by supporting various patient care and staff education funds through their programs. Philanthropic contributions are sought for various purposes, such as capital, endowment, and programmatic needs, including oncology, cardiology, and women's programs and services. The Foundation's goals aim to improve the overall healthcare experience and outcomes for the community they serve.


Official website here: www.uchealthmemorialcares.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star Rating

The Memorial Health System Foundation has achieved a remarkable 96% rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based entirely on the organization's performance in the Accountability & Finance beacon, where it has demonstrated excellence in several key areas, including having an entirely independent board and a strong program expense ratio of 73.80%. This suggests that a significant portion of its resources is directed towards its mission-related activities.

The foundation has also shown robust governance practices, with a well-structured audit and oversight committee and comprehensive policies in place regarding conflict of interest, whistleblowing, and document retention. These aspects contribute to its solid financial stewardship, as evidenced by a low liabilities-to-assets ratio of 7.66%, reflecting its stability and reliability in managing funds responsibly.

While the organization excels in its accountability and financial management, the summary does not provide information on specific programs or outcomes associated with its initiatives. Therefore, while the financial indicators are strong, further insights into the foundation's impact on its community would offer a fuller picture of its effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is The Memorial Health System Foundation legitimate?

The Memorial Health System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Memorial Health System 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: $178,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $222,398

For more financial information, click here


Official website here: www.uchealthmemorialcares.org

What is the mission statement of The Memorial Health System Foundation?

The Memorial Health System Foundation's mission is to offer philanthropic resources to aid Memorial Health System in delivering top-notch healthcare services. This support is sought for various purposes such as capital projects, endowments, and programmatic needs, focusing on areas like cancer, cardiology, and women's health programs and services. The foundation's activities include managing patient care and staff education funds to assist Memorial Health System in its mission.


Official website here: www.uchealthmemorialcares.org

Who is the CEO of The Memorial Health System Foundation?

Kate Maiurro is the Board Chair of The Memorial Health System Foundation.


Official website here: www.uchealthmemorialcares.org

What is the revenue of The Memorial Health System Foundation?

The Memorial Health System Foundation's revenue in 2022 was $1,445,994.


Official website here: www.uchealthmemorialcares.org

Who are the executives of The Memorial Health System Foundation and what are their salaries?

The average compensation at The Memorial Health System Foundation during 2022 was $100,148. There are 4 employees at The Memorial Health System Foundation.


Here are 12 key members and their salaries:


Christine O'Brien (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Simpson (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Brockway (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Mahan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Cone (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Hurlbert (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared May (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Scott (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Sufak (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Leininger (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Yuhas (Individual Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Maiurro (Executive Director)
  • Compensation: $148,417
  • Related: $0
  • Other: $14,283


Official website here: www.uchealthmemorialcares.org

Where can I find the form 990 for The Memorial Health System Foundation?

The Memorial Health System Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.uchealthmemorialcares.org

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

Mission Statement of The Memorial Health System Foundation

The Memorial Health System Foundation serves a crucial role in providing philanthropic support to enhance the capabilities of Memorial Health System. Their mission is to assist Memorial Health System in delivering top-notch healthcare services, focusing on capital, endowment, and programmatic purposes. Specifically, they aim to strengthen initiatives in cancer, cardiology, and women's programs and services. Through their philanthropic resources, they contribute to various patient care and staff education funds, thereby enhancing the overall quality of healthcare provided by Memorial Health System.

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Impact




July, 2024

The Memorial Health System Foundation's impact is significant in providing philanthropic resources to assist Memorial Health System in delivering the highest quality healthcare. This support enhances patient care and staff education programs, with a focus on areas such as cancer, cardiology, and women's health services. By securing funding for capital projects, endowments, and programmatic initiatives, the Foundation plays a vital role in improving healthcare outcomes and enhancing services for the community in Colorado Springs.




This information is meant to be a general summary of The Memorial Health System 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.

Revenue
$1,445,994 (2022)
Expenses
$983,216 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $61,914
  • Gross Receipts: $4,523,436

Assets and Liabilities:

  • Total Assets: $3,657,814
  • Total Liabilities: $58,782
  • Net Assets: $3,599,032

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Organization Details

Founding Year

2001

Principal Officer

Kate Maiurro

Main Address

1400 EAST BOULDER SUITE 2N2019, COLORADO SPRINGS, CO, 80909

NTEE Category

Code: E112 - Health

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