Overview
What is Col Patrick S Madigan Foundation?
The Col Patrick S Madigan Foundation, located in Lakewood, Washington, is a nonprofit organization dedicated to supporting the well-being of military service members and their families. Established in 1999, they have honored numerous children of armed forces personnel for their courage and valor through an annual event at Madigan Army Medical Center. Their programs include providing medical assistance, offering scholarships and grants, supporting various initiatives for children, sponsoring educational conferences, and funding military medical research. With the generosity of its supporters, the foundation has supplied over 1,353,599 worth of equipment and services since its inception.
Official website here: www.madiganfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Col Patrick S Madigan Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 90% overall, with its rating based entirely on a single beacon score that focuses on financial health and transparency. This high score indicates a commitment to responsible management of funds and adherence to best practices in nonprofit governance.
Key strengths of the foundation include a fully independent board composed of nine members, which aligns with best practices for nonprofit governance. The organization has demonstrated a strong focus on accountability, as evidenced by its high scores in several areas including material diversion of assets (none reported), a robust conflict of interest policy, and comprehensive document retention practices. Notably, the foundation also maintains an excellent program expense ratio of 94.84%, indicating that a significant portion of its funds directly supports its charitable mission.
However, the foundation does have a limitation in that it has not established a whistleblower policy, which can be a critical component in ensuring transparency and accountability. Despite this oversight, the overall financial health and governance practices of the Col Patrick S Madigan Foundation position it as a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Col Patrick S Madigan Foundation legitimate?
Col Patrick S Madigan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Col Patrick S Madigan 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
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Official website here: www.madiganfoundation.org
What is the mission statement of Col Patrick S Madigan Foundation?
The Col Patrick S Madigan Foundation, in its mission, provides medical support to service members and their families, offers scholarships and grants to families and staff, supports various programs for children, sponsors educational conferences, and hosts an annual lecture on military medical research. Furthermore, the foundation supports medical research and clinical care through equipment and training, and since its establishment, it has provided over 1,353,599 in equipment and services, thanks to the generosity of its supporters. The foundation's activities also include sponsoring events and providing resources to support the well-being of service members and their families.
Official website here: www.madiganfoundation.org
What is the revenue of Col Patrick S Madigan Foundation?
Col Patrick S Madigan Foundation's revenue in 2023 was $26,096.
Official website here: www.madiganfoundation.org
Who are the executives of Col Patrick S Madigan Foundation and what are their salaries?
There 10 volunteers at Col Patrick S Madigan Foundation.
Here are 9 key members and their salaries:
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Official website here: www.madiganfoundation.org
Where can I find the form 990 for Col Patrick S Madigan Foundation?
Col Patrick S Madigan Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.madiganfoundation.org
Learn more at the official website: www.madiganfoundation.org
Mission Statement of Col Patrick S Madigan Foundation
The Col Patrick S Madigan Foundation is committed to a multifaceted mission. Primarily, it provides medical support to military service members and their families. Beyond this, the foundation extends its reach to offer scholarships and grants to both families and staff. It also supports various programs designed for children, sponsors educational conferences, and hosts an annual lecture on military medical research. Furthermore, the foundation is involved in medical research and clinical care, providing essential equipment and training. Since its establishment, the foundation has been generously supported, enabling it to provide over 1.3 million dollars worth of equipment and services.
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Impact
August, 2024
The Col Patrick S Madigan Foundation has made a significant impact by providing crucial medical support to service members and their families. Through offering scholarships, grants, and various programs for children, the foundation has demonstrated a commitment to the well-being of military families. Additionally, by supporting educational conferences, sponsoring lectures on military medical research, and investing in medical research and clinical care with equipment and training, the foundation has contributed to advancements in the field. Overall, the foundation's efforts have resulted in over $1,353,599 worth of equipment and services being provided since its establishment, showcasing its dedication to enhancing the lives of those in the military community.
This information is meant to be a general summary of Col Patrick S Madigan 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: $7,200
- Gross Receipts: $26,096
Assets and Liabilities:
- Total Assets: $985,797
- Total Liabilities: $0
- Net Assets: $985,797
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Organization Details
Founding Year
1995
Principal Officer
George Mcclure
Website
www.madiganfoundation.orgNTEE Category
Code: H20 - Medical research
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