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Health : Treatment and Prevention Services (Grantmaking)

Memorial Hermann Foundation

Serving as the fundraising arm of the Memorial Hermann Healthcare System

three stars

84.11

929 Gessner Suite 2650
Houston, TX 77024
tel: (713) 242-4400   Web Site
EIN: 74-1653640

Board Leadership
Susan D. Sarofim
Chairman

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 84.11 three stars
  Financial 95.46 four stars
  Accountability & Transparency 78.00 two stars
This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.

The Memorial Hermann Foundation serves as the fundraising arm of the Memorial Hermann Healthcare System. Philanthropic support is a crucial source of funding that helps ensure Memorial Hermann's ongoing commitment and ability to provide critical programs and services to meet the community's growing healthcare needs. Memorial Hermann Healthcare System is a community-owned health care system with spiritual values, dedicated to providing high quality health services in order to improve the health of the people in Southeast Texas.

The Memorial Hermann Foundation serves as the fundraising arm of the Memorial Hermann Healthcare System. Philanthropic support is a crucial source of funding that helps ensure Memorial Hermann's ongoing commitment and ability to provide critical programs and services to meet the community's growing healthcare needs. Memorial Hermann Healthcare System is a community-owned health care system with spiritual values, dedicated to providing high quality health services in order to improve the health of the people in Southeast Texas.

Financial

four stars

95.46

Accountability & Transparency

two stars

78.00

This rating was published 02/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.8%
  Administrative Expenses 4.6%
  Fundraising Expenses 7.4%
  Fundraising Efficiency $0.05
  Working Capital Ratio (years) 4.48
  Program Expenses Growth 3.5%
  Liabilities to Assets 3.6%
All data for Financial Performance Metrics calculations was provided by Memorial Hermann Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Memorial Hermann Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Memorial Hermann Foundation (TX) 84.11 three stars
Jonsson Cancer Center Foundation (CA) 92.38 four stars
Children's Hospital of Wisconsin Foundation (WI) 85.85 three stars
Rady Children's Hospital Foundation - San Diego (CA) 86.44 three stars
CAMC Foundation (WV) 87.52 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $37,156,754
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $5,093,608
   Related Organizations $369,251
   Government Grants $0
Total Contributions $42,619,613
   Program Service Revenue $0
Total Primary Revenue $42,619,613
   Other Revenue $5,711
TOTAL REVENUE $42,625,324
   
EXPENSES  
   Program Expenses $20,153,769
   Administrative Expenses $1,272,854
   Fundraising Expenses $1,968,416
TOTAL FUNCTIONAL EXPENSES $23,395,039
   
Payments to Affiliates $0
Excess (or Deficit) for the year $19,230,285
   
Net Assets $111,220,377

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grants for Equipment, Furnishings, and Supplies $15,485,838 76.8%
Grants for Education Programs $2,813,435 14.0%
Grants for Financial Hardship $1,796,693 8.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2016-06 02/01/2018 84.11 three stars
2015-06 12/01/2016 86.83 three stars
2014-06 06/01/2016 87.27 three stars
 
CN 2.0
2014-06 10/01/2015 85.03 three stars
2012-06 11/01/2013 89.71 three stars
2011-06 09/01/2012 90.03 four stars
2010-06 12/01/2011 79.47 two stars
2009-06 09/20/2011 88.83 three stars
 
CN 1.0
2009-06 11/24/2010 92.69 four stars
2008-06 11/01/2009 99.08 four stars
2007-06 11/01/2008 90.74 four stars
2006-06 12/01/2007 83.64 three stars
2005-06 12/01/2006 58.16 one star
2004-06 11/01/2005 65.38 one star
2003-06 12/01/2004 70.55 two stars
2002-06 12/01/2003 96.14 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 74-1653640
Name in IRS Master File MEMORIAL HERMANN FOUNDATION
NTEE Code E11
NTEE Classification Single Organization Support
NTEE Type Health - General and Rehabilitative
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above.  509(a)(3)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1971
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title Compensation from Affiliates
Not compensated -- Dan J. Wolterman President And CEO $3,238,155

Highly Rated

Charity Name & State Overall Score Overall Rating
Memorial Hermann Foundation (TX) 84.11 three stars
RWJ University Hospital Foundation (NJ) 89.61 three stars
CHOC Foundation (CA) 90.39 four stars
Jonsson Cancer Center Foundation (CA) 92.38 four stars
Deborah Hospital Foundation (NJ) 92.23 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Memorial Hermann Foundation
929 Gessner
Suite 2650
Houston, TX 77024
tel: (713) 242-4400
EIN: 74-1653640

Visit Web Site

Board Leadership

Susan D. Sarofim
Chairman

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