Manatee Memorial Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 44% of its spending went to programs.
- Raising each dollar of donations cost 88 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE MISSION OF THE MANATEE MEMORIAL HOSPITAL FOUNDATION IS TO OFFER SUPPORT TO INDIVIDUALS DIRECTLY OR INDIRECTLY THAT HAVE HEALTH-RELATED SITUATIONS, SUPPORT OTHER NOT-FOR-PROFIT AGENCIES IN REACHING THEIR FULLEST POTENTIAL, AND ASSIST INDIVIDUALS TO OBTAIN THEIR EDUCATIONAL TRAINING.
- Income
- $1.4 million
- Spending
- $1.4 million
- Spent on programs
- 44%
- Reserves
- 7.1 months of spending
- Largest source of income
- donations and private grants, 61%
- Employees
- 2
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 37% of charities in its peer group (philanthropy, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 7.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
12 of 15Income exceeded spending by 0% of income.
Income trend
15 of 15Income rose 12% on the year before.
Spending floor
0 of 1544% of spending went to programs and raising each dollar of donations cost 88 cents.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 58 out of 100. Higher than 13% of charities in its peer group (philanthropy, $1m to $10m).
Independent board
25 of 2514 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending August 31, 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 (5)
- $534,571 spent. GRANTS & FUNDING TO COMMUNITY ORGANIZATIONS FOR HEALTH RELATED PROGRAMS & STUDENT SCHOLARSHIPS TO HELP ESTABLISH & MAINTAIN A STEADY FLOW OF SKILLED MEDICAL PERSONNEL IN MANATEE COUNTY.
- EDUCATE THE PUBLIC AND PROVIDE CONFERENCES ON VARIOUS HEALTH TOPICS.
- CONTINUED EFFORTS TO IMPROVE HOSPITAL PATIENTS' STAYS WITH HOLIDAY DECORATIONS, HEALTH-RELATED GIFTS, READING MATERIALS, ETC.
- $76,323 spent. MANATEE MEMORIAL FOUNDATION RAISES FUNDS FROM EVENTS TO GIVE TO MEDICAL RELATED 501C3 ORGANIZATIONS IN MANATEE AND SARASOTA COUNTIES.
- MANATEE MEMORIAL FOUNDATION RAISES FUNDS FROM EVENTS TO GIVE TO MEDICAL RELATED 501C3 ORGANIZATIONS IN MANATEE AND SARASOTA COUNTIES.
Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 November 6, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.