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Mccullough-Hyde Memorial Hospital Endowment Fund

EIN 23-7374256 · Oxford, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$3.0 million
Spending
$1.2 million
Spent on programs
70%
Reserves
Over 10 years of spending
Largest source of income
donations and private grants, 48%
Employees
0
Volunteers
35
Highest pay
$200,256, president & ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 88% of charities in its peer group (health care, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 61% of income.

  • Income trend

    15 of 15

    Income rose 116% on the year before.

  • Spending floor

    15 of 15

    70% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 47% of charities in its peer group (health care, $1m to $10m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $342,284 spent. SUPPORT FOR HEALTH PROGRAMS AND HOSPITAL DEPARTMENTS: THE FOUNDATION PROVIDED SUPPORT FOR HOSPITAL STRATEGIC ADVANCEMENTS AND CURRENT NEEDS THAT SUPPORTED THE COMMUNITIES IN BUTLER COUNTY, OHIO, FRANKLIN COUNTY, INDIANA, PREBLE COUNTY, OHIO, UNION COUNTY, INDIANA AND OTHER NEARBY COMMUNITIES SERVED BY THE HOSPITAL. DURING THE YEAR, THE FOUNDATION FOCUSED ON PROVIDING HOSPITAL DEPARTMENT SUPPORT (SURGERY, RESPIRATORY, LABORATORY, INPATIENT CARE, IMAGING, CARDIAC, ONCOLOGY, PHARMACY, PHYSICAL THERAPY AND OBSTETRICS), EMPLOYEE ASSISTANCE SUPPORT, PROGRAM SUPPORT (E.G. OXFORD FREE CLINIC), PATIENT SUPPORT (MEDICAL GAP FUNDING, TEMPORARY ASSISTANCE AND EMERGENCY FUNDING) AND HOSPITAL CAPITAL PROJECTS (FACILITY RENOVATIONS, EQUIPMENT PURCHASES AND CLINICAL INNOVATION).
  2. $229,272 spent. SUPPORT FOR DEVELOPMENT AND COMMUNITY ENGAGEMENT ACTIVITIES TO SUPPORT THE MCCULLOUGH-HYDE MEMORIAL HOSPITAL: THE FOUNDATION REPRESENTS THE INTERESTS OF THE COMMUNITIES SERVED BY MCCULLOUGH-HYDE MEMORIAL HOSPITAL AND SERVES AS A CONDUIT BETWEEN COMMUNITY MEMBERS AND DONORS AND THE HOSPITAL AS IT RELATES TO PHILANTHROPY AND ENGAGEMENT. THE EFFORTS OF THE FOUNDATION OVER THE YEARS HAS PRODUCED AN ENDOWMENT OF $23.1 MILLION, WITH $17.5 MILLION UNRESTRICTED AND $5.6 MILLION DESIGNATED.
  3. $226,573 spent. COMMUNITY GRANTING PROGRAM: THE FOUNDATION MADE INVESTMENTS THAT ADDRESS SIGNIFICANT HEALTH NEEDS OF LOCAL COMMUNITIES. IT PARTNERED WITH AND PROVIDED FUNDING TO LOCAL ORGANIZATIONS THAT ARE LEADING THE WAY TO BUILD HEALTHIER COMMUNITIES. EACH YEAR, THE EMPHASIS IS ON PROGRAMS AND PROJECTS THAT FOCUS ON EDUCATION, PREVENTION PROGRAMS, AWARENESS EFFORTS, WELLNESS OPPORTUNITIES AND DIRECT CARE IN THE FOLLOWING AREAS - MENTAL HEALTH, ALCOHOL AND DRUGS ABUSE, ACCESS TO HEALTHCARE, FOOD INSECURITIES AND OBESITY AND HEALTHY BEHAVIORS. THESE FIVE FUNDING PRIORITIES ADDRESS SIGNIFICANT HEALTH NEEDS IDENTIFIED IN THE COMMUNITY HEALTH NEEDS ASSESSMENT, PUBLISHED TRIENNIALLY BY MCCULLOUGH-HYDE MEMORIAL HOSPITAL.
  4. $25,063 spent. SUPPORT FOR EDUCATIONAL NEEDS: THE FOUNDATION FUNDED ACADEMIC SCHOLARSHIPS AND CONTINUING EDUCATION FOR EMPLOYEES OF MCCULLOUGH-HYDE. THE EDUCATIONAL SUPPORT FROM THE FOUNDATION FOCUSED ON GENERAL ACADEMIC ADVANCEMENT (BACHELOR'S DEGREES, MASTER'S DEGREE AND DOCTORATES RELATED TO HEALTHCARE, HEALTHCARE ADMINISTRATION OR OTHER RELATED FIELDS OF STUDY), CERTIFICATIONS (REGISTERED NURSES, LICENSED PRACTICAL NURSES, TECHNICIANS AND OTHER POSITION-SPECIFIC CERTIFICATIONS) AND CONTINUING EDUCATION OPPORTUNITIES (SPECIALIZED TRAINING, SEMINARS, TRAININGS AND CONFERENCES).

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 1974.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.