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MEADOWS NEW FOUNDATION INC

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Public IRS 990 nonprofit record

MEADOWS NEW FOUNDATION INC

EIN 86-1975495

What they do

MEADOWS NEW FOUNDATION, INC. (FOUNDATION) is A GEORGIA NONPROFIT CORPORATION ORGANIZED and OPERATED EXCLUSIVELY for THE PROMOTION of SOCIAL WELFARE WITHIN THE MEANING of SECTION 50L(C)(4) of THE INTERNAL REVENUE CODE of 1986, AS AMENDED (THE CODE) and CONSISTENT WITH THE CHARITABLE PURPOSES of CODE SECTION 501(C)(3), or THE CORRESPONDING PROVISIONS of ANY FUTURE FEDERAL TAX CODE. THE FOUNDATION RECEIVED SUBSTANTIALLY ALL of THE NET SALES PROCEEDS FROM THE SALE of THE ASSETS of MEADOWS REGIONAL MEDICAL CENTER, INC. to VIDALIA HEALTH SERVICE, LLC, AN AFFILIATE of HCA HEALTHCARE, AS A GRANT FROM THE SELLER. THE SALE TOOK PLACE ON APRIL 30, 2021. THE PROCEEDS ARE to BE ADMINISTERED BY THE FOUNDATION PURSUANT to A GRANT AGREEMENT REVIEWED and APPROVED BY THE INTERNAL REVENUE SERVICE and THE STATE of GEORGIAA ATTORNEY GENERAL OFFICE. DISTRIBUTION of FUNDS WILL BE MADE to OTHER NONPROFIT ORGANIZATION WHICH ARE TAX EXEMPT UNDER CODE SECTION 501(C)(3), IN ORDER to FURTHER THE COMMON GOOD and G

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $40.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders9 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

9.02%of revenue went to mission work40.0% of expenses · Program services
$22.57spent for every $100 of revenueRevenue covered expenses this year.
13.55%of revenue went to management and office costs60.0% of expenses
$85.19in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,940,274
Mission workProgram services$175,0009.02% of revenue40.0% of expenses
ManagementOffice and general costs$262,83213.55% of revenue60.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$1,502,44277.43% of revenueShown in gray on the chart
Total expenses$437,83222.57% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 40.0% mission · 60.0% management · 0.0% fundraisingTotal expenses: 22.57% of revenue
2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 9.32% of revenue
2022Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 12.44% of revenue
2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 4.64% of revenue

Money in and money out

Revenue$1,940,274
Expenses$437,832
Annual surplus $1,502,442 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$175,000 · 40.0% of expenses
Management and office costs$262,832 · 60.0% of expenses
See all reported dollar amounts
Revenue$1,940,274
Expenses$437,832
Assets$37,298,902
Mission work (program services)$175,000
Grants given$175,000
Average grant$21,875
Management and general$262,832
Stocks and bonds$36,232,166
Accounting fees$19,500
Investing fees$80,392
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

ANGIE MCDANIELDIRECTOR

BLAKE TILLERYDIRECTOR

BRANDON BOSTONDIRECTOR

DENNIS INGLEYSEC/TREASURE

MICHAEL CALHOUNDIRECTOR

POLLYANN MARTINDIRECTOR

REID MCARTHURCHAIRMAN

RONNIE STERWARTDIRECTOR

TIM TRUXELDIRECTOR

About this charity

Location
513 MAPLE DRIVE, VIDALIA, GA 30474
County
Toombs
In care of
DENNIS INGLEY
Primary officer
DENNIS INGLEY, SEC/TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
DRAFFIN & TUCKER LLP
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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