Overview
What is Magnolia Medical Foundation?
Magnolia Medical Foundation, established in 2009, is a community-based nonprofit organization committed to delivering accessible and affordable preventive health services and resources to underserved communities. With a focus on cultural competence and gender sensitivity, it aims to foster family-centered healthcare and promote physical and social well-being. The foundation's initiatives encompass health education, encouraging healthy behaviors, and supporting mechanisms that strengthen families, ultimately striving for family stability and improvement of living conditions.
Official website here: www.magmedfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (2 Stars)
Magnolia Medical Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating it needs improvement with an overall score of 73%. The organization excels in accountability and finance, achieving a perfect score of 100%. However, it lacks independent board members, which raises concerns about governance and oversight.
While Magnolia Medical Foundation has a solid program expense ratio of 90.93%, demonstrating a strong commitment to its mission, there are notable limitations in its governance policies. The foundation does not have a whistleblower policy or a document retention and destruction policy in place, which are critical for transparency and ethical accountability.
Additionally, the nonprofit has not posted its tax form on its website, which limits public access to important financial information. Addressing these governance issues could enhance the organization's credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Medical Foundation legitimate?
Magnolia Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Medical 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: $326,413
For more financial information, click here
Official website here: www.magmedfound.org
What is the mission statement of Magnolia Medical Foundation?
The Magnolia Medical Foundation, established in 2009, is committed to providing accessible and affordable preventive health services to underserved communities. Their mission encompasses two main objectives: firstly, to offer culturally competent and gender-sensitive family-centered health services and resources that cater to the needs of families. Secondly, they aim to promote family health, stability, and well-being through initiatives that foster and support healthy physical and social environments, as well as encourage healthy behavior.
Official website here: www.magmedfound.org
What is the revenue of Magnolia Medical Foundation?
Magnolia Medical Foundation's revenue in 2023 was $833,744.
Official website here: www.magmedfound.org
Who are the executives of Magnolia Medical Foundation and what are their salaries?
The average compensation at Magnolia Medical Foundation during 2023 was $25,109. There are 13 employees and 6 volunteers at Magnolia Medical Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.magmedfound.org
Where can I find the form 990 for Magnolia Medical Foundation?
Magnolia Medical Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.magmedfound.org
Learn more at the official website: www.magmedfound.org
Mission Statement of Magnolia Medical Foundation
The Magnolia Medical Foundation, established in 2009, is a community-based organization with a mission to ensure accessible, affordable, and culturally competent family-centered and gender-sensitive preventive health and social services. This mission aims to cater to the needs of families, promoting their health, stability, and overall well-being. The foundation strives to accomplish this goal by encouraging and supporting healthy physical and social environments and fostering healthy behaviors. In essence, Magnolia Medical Foundation is committed to providing underserved communities with vital preventive health services, including health education, to enhance their overall well-being.
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Impact
July, 2024
Magnolia Medical Foundation, a community-based organization founded in 2009, has been making a significant impact by providing preventive health services and health education to underserved communities in Jackson, Mississippi. Their mission focuses on ensuring accessible, affordable, culturally competent, family-centered, and gender-sensitive preventive health and social services that promote family health, stability, and well-being. By offering these essential services, Magnolia Medical Foundation is actively working to improve the health outcomes and overall well-being of families in need.
This information is meant to be a general summary of Magnolia Medical 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 2023.
- Investment Income: $178
- Program Service Revenue: $715,179
- Gross Receipts: $833,744
Assets and Liabilities:
- Total Assets: $380,692
- Total Liabilities: $12,526
- Net Assets: $368,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$715,179
Organization Details
Founding Year
2009
Principal Officer
Erica Thompson
Website
www.magmedfound.orgNTEE Category
Code: I43 - Crime
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