Overview
What is Lahey Clinic Foundation Inc?
Lahey Clinic Foundation Inc is a nonprofit organization associated with Lahey Hospital & Medical Center. With a team of over 500 dedicated physicians and 5,000 nurses, therapists, and support staff, the organization operates on a physician-led model to deliver compassionate care and exceptional patient outcomes. The collaborative efforts of these professionals ensure a comprehensive approach to healthcare, addressing the diverse needs of their clientele.
Official website here: www.lahey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Lahey Clinic Foundation Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The score is heavily weighted towards accountability and finance, with a score of 66%. While the organization exhibits strong governance practices—such as a majority of independent board members and comprehensive financial audits—there are significant issues with its program expense ratio, which stands at 0.00%. This suggests that the foundation may not be allocating funds towards its intended programs, raising questions about its impact.
The foundation demonstrates several strengths in its governance, including a well-structured board and the presence of policies aimed at maintaining transparency and integrity. Factors such as having a whistleblower policy and documented board meeting minutes indicate a commitment to accountability. However, the low program expense ratio is a notable limitation, as it implies that funds may not be used effectively to advance the organization's mission.
Overall, while Lahey Clinic Foundation Inc showcases solid governance and financial accountability measures, its lack of program expenditure could hinder its perceived effectiveness and long-term sustainability in fulfilling its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Lahey Clinic Foundation Inc legitimate?
Lahey Clinic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lahey Clinic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lahey.org
What is the mission statement of Lahey Clinic Foundation Inc?
Lahey Clinic Foundation Inc is a nonprofit organization led by physicians. With over 500 doctors and 5,000 nurses, therapists, and support staff, they collaborate to deliver compassionate care and strive for excellent patient outcomes. Their mission focuses on the provision of superior healthcare services. The team at Lahey Clinic Foundation Inc works together to ensure patients receive comprehensive medical attention with a caring approach. Their collective efforts aim to enhance overall well-being and improve health outcomes for those in their care.
Official website here: www.lahey.org
Who is the CEO of Lahey Clinic Foundation Inc?
Tabb Md Kevin is the CEO of Lahey Clinic Foundation Inc The CEO's salary of Lahey Clinic Foundation Inc is $0 and their total compensation is $2,807,152.
Official website here: www.lahey.org
What is the revenue of Lahey Clinic Foundation Inc?
Lahey Clinic Foundation Inc's revenue in 2023 was $14,529,877.
Official website here: www.lahey.org
Who are the executives of Lahey Clinic Foundation Inc and what are their salaries?
There 15 volunteers at Lahey Clinic Foundation Inc.
Here are 37 key members and their salaries (Lahey Clinic Foundation Inc's CEO's salary is $0 and their total compensation is $2,807,152):
- Compensation: $0
- Related: $2,507,235
- Other: $299,917
- Compensation: $0
- Related: $1,110,533
- Other: $31,775
- Compensation: $0
- Related: $748,389
- Other: $48,353
- Compensation: $0
- Related: $513,964
- Other: $62,649
- Compensation: $0
- Related: $467,162
- Other: $45,670
- Compensation: $0
- Related: $443,247
- Other: $60,158
- Compensation: $0
- Related: $407,577
- Other: $24,586
- Compensation: $0
- Related: $345,098
- Other: $62,996
- Compensation: $0
- Related: $263,177
- Other: $65,695
- Compensation: $0
- Related: $232,277
- Other: $78,678
- Compensation: $0
- Related: $249,589
- Other: $29,087
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,301,463
- Other: $34,409
- Compensation: $0
- Related: $802,046
- Other: $220,936
- Compensation: $0
- Related: $898,193
- Other: $15,864
- Compensation: $0
- Related: $535,200
- Other: $152,546
- Compensation: $0
- Related: $207,100
- Other: $1,856
- Compensation: $0
- Related: $159,323
- Other: $32,110
- Compensation: $0
- Related: $539,569
- Other: $84,017
- Compensation: $0
- Related: $304,064
- Other: $40,571
- Compensation: $0
- Related: $282,406
- Other: $60,820
- Compensation: $0
- Related: $212,494
- Other: $175,081
Official website here: www.lahey.org
Where can I find the form 990 for Lahey Clinic Foundation Inc?
Lahey Clinic Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lahey.org
Learn more at the official website: www.lahey.org
Mission Statement of Lahey Clinic Foundation Inc
Lahey Clinic Foundation Inc, a nonprofit organization, is led by physicians at Lahey Hospital & Medical Center. With over 500 dedicated medical professionals and 5,000 nurses, therapists, and support staff, the Foundation's mission is to deliver compassionate care and achieve superior patient outcomes. Their collaborative efforts bring about a comprehensive and effective approach to healthcare services, focusing on the wellbeing of each individual patient.
At the heart of Lahey Clinic Foundation Inc's operations is a team of more than 500 physicians who work in unity with the 5,000 nurses, therapists, and other support staff. Together, they provide care that goes beyond just treating symptoms, focusing on the overall health and wellbeing of their patients. The nonprofit's dedication to compassionate care and superior patient outcomes sets it apart, making a significant impact on the lives of those it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lahey Clinic Foundation Inc significantly impacts the healthcare landscape by delivering high-quality medical care through a dedicated team of over 500 physicians and 5,000 healthcare professionals, including nurses and therapists. Located in Burlington, MA, Lahey Hospital & Medical Center is committed to fostering compassionate care tailored to meet each patient's unique needs.
The organization operates as a physician-led group practice, ensuring that clinical decisions are made by experienced healthcare providers focused on achieving superior patient outcomes. This collaborative model enhances the quality of care delivered, as it harnesses the expertise of various specialists working in harmony.
Moreover, Lahey's emphasis on compassionate care not only improves patient satisfaction but also fosters trust and healing in the patient-provider relationship. The foundation's commitment to excellence in health services underlines its vital role in enhancing community health and well-being. Through its integrated approach, Lahey Clinic Foundation Inc remains a cornerstone of healthcare in its region, continually striving to set high standards for patient care and medical practice.
This information is meant to be a general summary of Lahey Clinic 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 2023.
- Investment Income: $4,607,912
- Gross Receipts: $14,529,877
Assets and Liabilities:
- Total Assets: $914,887,443
- Total Liabilities: $517,188,034
- Net Assets: $397,699,409
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
If you are a representative of Lahey Clinic Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.