Overview
What is Saint Andrews Free Bed Fund?
Saint Andrews Free Bed Fund is a nonprofit organization, situated in Boothbay Harbor, Maine, with the primary mission of providing financial aid for medical care for individuals who are indigent or partially indigent. In 2022, the organization extended its support to 22 such patients, covering their hospital and related medical expenses. Furthermore, they made a charitable contribution to a local Section 501(c)(3) healthcare clinic to aid its efforts in serving indigent or partially indigent patients. The organization's address is 6 Campbell St, Boothbay Harbor, ME 04538.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Saint Andrews Free Bed Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. This rating is based entirely on their performance in the accountability and finance criteria, with an overall score of 73%. The organization demonstrates a strong commitment to transparency with an independent board of members and no reported material diversion of assets.
The nonprofit excels in several key areas, achieving perfect scores for having a majority of independent board members, documenting board meeting minutes, and maintaining a favorable liabilities to assets ratio. Additionally, they allocate a significant portion of their expenses to program services, with a program expense ratio of 98.60%, which suggests that most of their funds are directed towards fulfilling their mission.
Despite its strengths, the Two-Star rating signifies potential areas for improvement in their operations or financial practices. Stakeholders may want to consider this rating when evaluating the organization for support or involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Saint Andrews Free Bed Fund legitimate?
Saint Andrews Free Bed Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Andrews Free Bed Fund 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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What is the mission statement of Saint Andrews Free Bed Fund?
The Saint Andrews Free Bed Fund's mission is centered around providing financial assistance for medical care to individuals who are indigent or financially struggling. This organization works diligently to alleviate the financial burden of hospital and related medical expenses for these individuals. In addition, the fund has shown support for local health care clinics that cater to indigent or partially indigent patients by making donations to enhance their ability to continue providing essential services.
Who is the CEO of Saint Andrews Free Bed Fund?
Thomas Perkins is the President & Trustee of Saint Andrews Free Bed Fund.
What is the revenue of Saint Andrews Free Bed Fund?
Saint Andrews Free Bed Fund's revenue in 2022 was $109,194.
Who are the executives of Saint Andrews Free Bed Fund and what are their salaries?
There 8 volunteers at Saint Andrews Free Bed Fund.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Saint Andrews Free Bed Fund?
Saint Andrews Free Bed Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Saint Andrews Free Bed Fund
The Saint Andrews Free Bed Fund is a nonprofit organization dedicated to providing financial aid for the medical care needs of indigent or partially indigent patients. This mission is carried out by subsidizing the costs of hospital and related medical care for eligible individuals, ensuring they have access to necessary medical services despite their financial circumstances. In addition, the organization has made a donation to a local Section 501(c)(3) health care clinic, further supporting its ability to serve indigent or partially indigent patients, thereby expanding its reach and impact in the community.
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Impact
October, 2024
The Saint Andrews Free Bed Fund has a significant impact on the local community by providing crucial financial aid for medical care to indigent and partially indigent patients. In 2022 alone, the fund subsidized the medical expenses of 22 individuals, ensuring that those in need received essential hospital and related medical care. Additionally, the organization extended its support to a local health care clinic, contributing funds to enhance their capacity to serve vulnerable populations. This assistance not only alleviates financial burdens but also promotes access to necessary healthcare services in Boothbay Harbor, Maine, fostering a healthier community overall.
This information is meant to be a general summary of Saint Andrews Free Bed Fund. 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 2022.
- Investment Income: $87,796
- Gross Receipts: $109,218
Assets and Liabilities:
- Total Assets: $2,082,743
- Total Liabilities: $0
- Net Assets: $2,082,743
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Organization Details
Founding Year
1938
Phone
(207) 380-5719Principal Officer
Thomas Perkins
Main Address
6 Campbell St, Boothbay Harbor, ME, 04538
NTEE Category
Code: T31 - Philanthropy
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