Overview
What is Winter Haven Hospital Foundation Inc?
Winter Haven Hospital Foundation Inc is a charitable organization situated in Winter Haven, Florida, with a primary goal of raising philanthropic funds to support Winter Haven Hospital's healthcare mission. The foundation administers a major gifts program, focusing on various hospital departments, such as the Family Medicine Residency Program, the College of Psychology Internship, and the Bostick Heart Center, among others. Additionally, the foundation provides assistance to hospital employees following challenging life events. The organization serves as an effective channel for individuals and organizations wanting to support Winter Haven Hospital in its mission to enhance the community's health by delivering high-quality, compassionate care.
Official website here: www.whhfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56% (One-Star out of Four Star rating).
Winter Haven Hospital Foundation Inc has received a low rating of 56%, indicating significant concerns in its financial management and program spending. The score is derived entirely from the Accountability & Finance metrics, where the organization showed strengths in governance practices, such as having an entirely independent board and robust financial oversight mechanisms.
Despite these governance strengths, the foundation struggles with financial ratios, notably a low program expense ratio of 42.87% and a concerning liabilities to assets ratio of 12.31%. This suggests that a smaller portion of its budget is being allocated towards programs directly benefiting the community, which could impact its overall effectiveness and mission delivery.
The foundation has implemented several policies, including conflict of interest and whistleblower protections, which reflects a commitment to transparency and accountability. However, the low rating serves as a caution for potential donors regarding its financial health and how well it utilizes funds for its intended programs.
This AI summary has been generated from information found on Charity Navigator.
Is Winter Haven Hospital Foundation Inc legitimate?
Winter Haven Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winter Haven Hospital Foundation Inc 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: $185,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $296,770
For more financial information, click here
Official website here: www.whhfoundation.org
What is the mission statement of Winter Haven Hospital Foundation Inc?
The Winter Haven Hospital Foundation's mission is to serve as a medium for individuals and organizations aiming to support Winter Haven Hospital in its mission to enhance the community's health by providing high-quality, compassionate care. By administering philanthropic funds, the foundation contributes to various hospital initiatives, such as supporting departments like the FSU Family Medicine Residency Program, the College of Psychology Internship Program with the Florida Institute of Technology, and the Boostick Heart Center, among others. Additionally, the foundation provides assistance to hospital employees following distressing life events.
Official website here: www.whhfoundation.org
Who is the CEO of Winter Haven Hospital Foundation Inc?
Joel L Thomas is the Member of Winter Haven Hospital Foundation Inc. The CEO's salary of Winter Haven Hospital Foundation Inc is $185,217 and their total compensation is $219,696.
Official website here: www.whhfoundation.org
What is the revenue of Winter Haven Hospital Foundation Inc?
Winter Haven Hospital Foundation Inc's revenue in 2022 was $1,560,574.
Official website here: www.whhfoundation.org
Who are the executives of Winter Haven Hospital Foundation Inc and what are their salaries?
There 60 volunteers at Winter Haven Hospital Foundation Inc.
Here are 22 key members and their salaries (Winter Haven Hospital Foundation Inc's CEO's salary is $185,217 and their total compensation is $219,696):
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- Compensation: $185,217
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- Other: $34,479
Official website here: www.whhfoundation.org
Where can I find the form 990 for Winter Haven Hospital Foundation Inc?
Winter Haven Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whhfoundation.org
Learn more at the official website: www.whhfoundation.org
Mission Statement of Winter Haven Hospital Foundation Inc
Winter Haven Hospital Foundation Inc is a charitable organization with a mission to serve as an effective channel for individuals and organizations wishing to support Winter Haven Hospital in its mission to improve community health by providing high-quality, compassionate care. The foundation's primary role is to raise philanthropic funds for various initiatives at the hospital, including supporting departments such as the Family Medicine Residency Program, the College of Psychology Internship Program, and the Boostick Heart Center. Additionally, the foundation provides assistance to hospital employees following a devastating life event. By doing so, Winter Haven Hospital Foundation Inc plays a crucial role in enhancing the hospital's capacity to deliver exceptional healthcare services to the community.
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Impact
July, 2024
Winter Haven Hospital Foundation Inc's impact can be seen in its support of Winter Haven Hospital's healthcare mission. By raising philanthropic funds, the Foundation contributes to various initiatives within the hospital, including supporting hospital departments such as the FSU Family Medicine Residency Program, the College of Psychology Internship Program with the FL Institute of Technology, the Bostick Heart Center, and Winter Haven Women's Hospital. Additionally, the Foundation provides assistance to hospital employees facing devastating life events. Through its work, Winter Haven Hospital Foundation Inc plays a crucial role in improving the health of the community by ensuring high-quality and compassionate care is accessible to all.
This information is meant to be a general summary of Winter Haven Hospital Foundation Inc. 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: $479,160
- Gross Receipts: $4,086,857
Assets and Liabilities:
- Total Assets: $19,526,152
- Total Liabilities: $2,404,960
- Net Assets: $17,121,192
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Organization Details
Founding Year
2002
Phone
(863) 293-1121Principal Officer
Joel L Thomas
Main Address
200 AVENUE F NE, WINTER HAVEN, FL, 33881
Website
www.whhfoundation.orgNTEE Category
Code: E11 - Health
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