Overview
What is Chmc Otolaryngologic Foundation Inc?
The Chmc Otolaryngologic Foundation Inc is a Boston-based nonprofit organization, located at 300 Longwood Avenue, with a team of 19 individuals. Their primary mission is to provide essential otolaryngology services to patients at Boston Children's Hospital and satellite locations. They offer these services while ensuring that any net income is dedicated to their charitable, scientific, and educational purposes. Patient care and medical services, regardless of the patients' ability to pay, are a top priority. Additionally, the Foundation supports and subsidizes hospital and community-based services that may be unavailable or limited elsewhere. By offering these services, the Foundation aims to make a significant impact in the field of otolaryngology, through both patient care and research and education.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
Chmc Otolaryngologic Foundation Inc has received a solid rating of 79%, reflecting a strong emphasis on accountability and finance. The foundation scored exceptionally well in several categories, including a perfect score for financial statements and policies related to conflict of interest and whistleblower protections, indicating a high level of governance and transparency.
The organization demonstrates a commendable program expense ratio of 93.48%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 28.04% indicates sound financial health, allowing for stability and sustainability in its operations.
However, as the overall score is based solely on accountability and finance, there may be limited insight into other operational aspects or impact measures that potential donors might want to consider. While the financial strength is clear, a broader assessment of program effectiveness would provide a more comprehensive view of the foundation's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Chmc Otolaryngologic Foundation Inc legitimate?
Chmc Otolaryngologic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chmc Otolaryngologic 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: $7,513,031
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,731,375
For more financial information, click here
What is the mission statement of Chmc Otolaryngologic Foundation Inc?
The Chmc Otolaryngologic Foundation Inc is dedicated to delivering otolaryngology services primarily at Boston Children's Hospital and satellite locations. The foundation goes beyond just providing healthcare, as it also extends care to patients regardless of their financial capabilities. In addition to clinical services, the organization is committed to advancing knowledge in the field of otolaryngology through research and education. The foundation's efforts include teaching medical and scientific personnel and carrying out research to expand the body of knowledge in the field. The Foundation's community-based services aim to fill gaps and expand access to essential otolaryngology services.
Who is the CEO of Chmc Otolaryngologic Foundation Inc?
Michael J Cunninghammd is the Principal Officer of Chmc Otolaryngologic Foundation Inc.
What is the revenue of Chmc Otolaryngologic Foundation Inc?
Chmc Otolaryngologic Foundation Inc's revenue in 2022 was $34,967,814.
Who are the executives of Chmc Otolaryngologic Foundation Inc and what are their salaries?
The average compensation at Chmc Otolaryngologic Foundation Inc during 2022 was $1,065,495. There are 19 employees at Chmc Otolaryngologic Foundation Inc.
Here are 14 key members and their salaries:
- Compensation: $977,615
- Related: $0
- Other: $91,061
- Compensation: $1,400,345
- Related: $0
- Other: $111,489
- Compensation: $0
- Related: $250,233
- Other: $18,862
- Compensation: $1,018,510
- Related: $0
- Other: $134,707
- Compensation: $1,029,040
- Related: $0
- Other: $81,829
- Compensation: $751,004
- Related: $0
- Other: $114,809
- Compensation: $714,571
- Related: $0
- Other: $133,532
- Compensation: $191,062
- Related: $0
- Other: $100,162
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $905,161
- Related: $0
- Other: $108,342
- Compensation: $743,484
- Related: $0
- Other: $105,321
- Compensation: $697,577
- Related: $0
- Other: $108,738
- Compensation: $813,856
- Related: $0
- Other: $87,387
- Compensation: $705,859
- Related: $0
- Other: $124,753
Where can I find the form 990 for Chmc Otolaryngologic Foundation Inc?
Chmc Otolaryngologic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chmc Otolaryngologic Foundation Inc
Chmc Otolaryngologic Foundation Inc is a charitable organization dedicated to delivering otolaryngology services primarily at Boston Children's Hospital and its satellite locations. The Foundation goes beyond just providing healthcare, extending its reach to individuals who cannot afford to pay for their treatments. In addition, it supports and subsidizes hospital and community-based services that are otherwise unavailable or limited in the area.
At the heart of Chmc Otolaryngologic Foundation Inc's mission lies the pursuit of medical research and education in the field of otolaryngology. The Foundation supports the learning of students and other medical and scientific personnel by teaching them essential skills and knowledge. By carrying on and promoting research in this field, the organization contributes to the advancement of medical science and the improvement of patient care.
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Impact
October, 2024
Chmc Otolaryngologic Foundation Inc significantly enhances the healthcare landscape by providing specialized otolaryngology services to patients at Boston Children's Hospital and its satellite locations. By ensuring access to these essential medical services, the Foundation plays a critical role in addressing the needs of the community, particularly for those who may face financial barriers to care.
The Foundation not only delivers care but also subsidizes hospital and community-based services that are otherwise limited or unavailable, thus filling essential gaps in the local healthcare system. This commitment to accessibility ensures that all patients receive the necessary treatment, regardless of their ability to pay, thereby promoting equity in healthcare.
Moreover, the Foundation fosters advancements in the field of otolaryngology through its dedication to basic and applied medical research and education. By teaching students and other medical and scientific personnel, it helps cultivate future generations of healthcare professionals, ensuring the continual elevation of standards in patient care within this specialty.
Overall, the impact of Chmc Otolaryngologic Foundation Inc is profound, as it not only provides immediate healthcare services but also invests in the future of medical research and education, promoting better health outcomes for both current and future patients.
This information is meant to be a general summary of Chmc Otolaryngologic 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: $2,369,653
- Program Service Revenue: $28,372,718
- Gross Receipts: $37,812,612
Assets and Liabilities:
- Total Assets: $53,866,529
- Total Liabilities: $15,108,814
- Net Assets: $38,757,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient service revenue
Revenue
$28,784,829
Education and research
Revenue
$178,968
Research revenue
Revenue
$9,130
Clinical and other
Revenue
-$600,209
Organization Details
Founding Year
1982
Phone
(617) 355-6463Principal Officer
Michael J Cunninghammd
Main Address
300 Longwood Avenue, Boston, MA, 02115
NTEE Category
Code: E70 - Health
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