Overview
What is Meadows New Foundation Inc?
Meadows New Foundation Inc is a Georgia-based nonprofit organization, dedicated to promoting social welfare within the community. It operates under Section 50L(C)(4) of the Internal Revenue Code of 1986, with a mission aligned with Section 501(C)(3). The foundation received substantial funds from the sale of assets to Vidalia Health Service, LLC, which it will distribute to other tax-exempt nonprofit organizations. The primary goal is to contribute to the common good and general welfare of the community, particularly by promoting health and wellness and ensuring access to healthcare.
Official website here: www.meadowsnewfoundation.org/
Is Meadows New Foundation Inc legitimate?
Meadows New Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Meadows New 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:
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Official website here: www.meadowsnewfoundation.org/
What is the mission statement of Meadows New Foundation Inc?
Meadows New Foundation Inc, as a nonprofit organization, is committed to promoting social welfare, aligning with the charitable purposes of Section 501(C)(3) of the Internal Revenue Code. Following the sale of Meadows Regional Medical Center's assets, the foundation received substantial funds, which it is responsible for managing according to a grant agreement approved by the Internal Revenue Service and the Attorney General's office in Georgia. The foundation's mission is to distribute these funds to other tax-exempt nonprofit organizations, with the aim of advancing the common good and contributing to a better society. The primary objective is to utilize these resources for the betterment of various communities and social causes.
Official website here: www.meadowsnewfoundation.org/
Who is the CEO of Meadows New Foundation Inc?
Michael Calhoun is the Chair of Meadows New Foundation Inc.
Official website here: www.meadowsnewfoundation.org/
What is the revenue of Meadows New Foundation Inc?
Meadows New Foundation Inc's revenue in 2022 was $636,169.
Official website here: www.meadowsnewfoundation.org/
Who are the executives of Meadows New Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.meadowsnewfoundation.org/
Where can I find the form 990 for Meadows New Foundation Inc?
Meadows New Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meadowsnewfoundation.org/
Learn more at the official website: www.meadowsnewfoundation.org/
Mission Statement of Meadows New Foundation Inc
Meadows New Foundation, Inc., as a Georgia-based nonprofit corporation, is dedicated to promoting social welfare. Operating under the guidelines of Section 50L(C)(4) of the Internal Revenue Code of 1986, and aligned with the charitable purposes of Section 501(C)(3) or its future counterparts, the foundation's primary objective is to contribute positively to the common good. Its mission is achieved through the distribution of funds to other tax-exempt nonprofit organizations under Section 501(C)(3). This allocation of resources aims to enhance the well-being of society at large. The foundation's activities are strongly aligned with the principles of social welfare, working to improve the lives of people and communities in various ways.
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Impact
October, 2024
Meadows New Foundation Inc plays a significant role in promoting social welfare within the Vidalia, Georgia community. The foundation was established following the sale of Meadows Regional Medical Center's assets, with the proceeds designed to support charitable endeavors aligned with the common good. By distributing funds to other tax-exempt organizations under Section 501(c)(3), the foundation enhances access to healthcare and promotes health and wellness initiatives.
The impact of Meadows New Foundation Inc is rooted in its commitment to addressing community needs. The foundation’s strategic funding not only bolsters existing services but also enables the development of new programs that directly improve the quality of life for residents. Through its financial stewardship and focus on healthcare-related initiatives, the foundation helps ensure that essential services remain accessible, thereby fostering a healthier and more vibrant community.
This information is meant to be a general summary of Meadows New 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $631,123
- Gross Receipts: $697,512
Assets and Liabilities:
- Total Assets: $27,379,633
- Total Liabilities: $2,026
- Net Assets: $27,377,607
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Organization Details
Founding Year
2019
Phone
(912) 535-5555Principal Officer
Michael Calhoun
Main Address
513 MAPLE DRIVE, VIDALIA, GA, 30474
NTEE Category
Code: Z99 - Unknown
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