Overview
What is Chmc Cardiovascular Surgical Foundation Inc?
The Chmc Cardiovascular Surgical Foundation Inc is a Boston-based nonprofit organization dedicated to delivering cardiovascular services primarily to patients at Boston Children's Hospital and its satellite locations. The Foundation's mission encompasses both charitable and educational purposes. It offers medical care and services, with any net income utilized for these objectives. The Foundation is committed to providing care for patients irrespective of their ability to pay and supports hospital and community-based services that are otherwise unavailable or limited. In the fiscal year ending September 30, 2022, the Foundation offered $248,960 worth of free care services. Additionally, the Foundation is involved in research and education in the cardiovascular surgery field by teaching students and medical personnel.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates that Chmc Cardiovascular Surgical Foundation Inc has earned a Three-Star out of Four Star rating, reflecting a solid level of accountability and financial management. The overall score is derived entirely from the organization's performance in the Accountability & Finance category, showcasing their commitment to transparency and responsible stewardship of resources.
The foundation demonstrates strong financial practices, with a high program expense ratio of 86.95%, indicating that the majority of its funds are directed towards its charitable programs. Additionally, it has received full points for various governance policies, including conflict of interest, whistleblower protections, and document retention, which are crucial for maintaining ethical operations.
Despite its commendable practices, the rating signifies that there may still be room for improvement in certain areas. While the organization excels in accountability, ongoing evaluations and enhancements in other metrics could further strengthen its rating and overall impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Chmc Cardiovascular Surgical Foundation Inc legitimate?
Chmc Cardiovascular Surgical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chmc Cardiovascular Surgical 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: $10,608,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,838,740
For more financial information, click here
What is the mission statement of Chmc Cardiovascular Surgical Foundation Inc?
The Chmc Cardiovascular Surgical Foundation Inc focuses on delivering cardiovascular services primarily in hospitals and satellite locations. It is committed to providing care for patients, regardless of their ability to pay. The Foundation also plays a significant role in advancing medical research and education in the field of cardiovascular surgery. Through teaching students and medical personnel, the organization contributes to the advancement of knowledge in this area. The Foundation's compassionate approach extends beyond hospital walls, as it also subsidizes hospital and community-based services that are otherwise limited or unavailable.
Who is the CEO of Chmc Cardiovascular Surgical Foundation Inc?
Pedro Del Nido Md is the Clerk of Chmc Cardiovascular Surgical Foundation Inc.
What is the revenue of Chmc Cardiovascular Surgical Foundation Inc?
Chmc Cardiovascular Surgical Foundation Inc's revenue in 2022 was $21,604,347.
Who are the executives of Chmc Cardiovascular Surgical Foundation Inc and what are their salaries?
The average compensation at Chmc Cardiovascular Surgical Foundation Inc during 2022 was $2,492,531. There are 7 employees at Chmc Cardiovascular Surgical Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $1,259,456
- Related: $0
- Other: $47,096
- Compensation: $2,958,170
- Related: $0
- Other: $51,633
- Compensation: $1,391,579
- Related: $0
- Other: $47,434
- Compensation: $1,273,524
- Related: $0
- Other: $47,127
- Compensation: $1,157,827
- Related: $0
- Other: $48,817
- Compensation: $1,010,675
- Related: $0
- Other: $45,874
- Compensation: $616,492
- Related: $0
- Other: $27,654
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $252,689
- Other: $26,092
Where can I find the form 990 for Chmc Cardiovascular Surgical Foundation Inc?
Chmc Cardiovascular Surgical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chmc Cardiovascular Surgical Foundation Inc
Chmc Cardiovascular Surgical Foundation Inc is a charitable organization dedicated to delivering cardiovascular services primarily to patients at various locations, including Boston Children's Hospital. The Foundation goes above and beyond by providing care for individuals regardless of their financial capabilities. In addition to its hospital-based services, the organization subsidizes community-based programs that are otherwise unavailable or limited to certain areas.
At the core of Chmc Cardiovascular Surgical Foundation Inc's mission is the advancement of medical research and education in the field of cardiovascular surgery. This is achieved through the teaching of students and medical professionals, contributing to the expansion of knowledge and expertise in this crucial area of healthcare. The Foundation's commitment extends beyond direct patient care, as it strives to make a difference in the medical community at large.
Chmc Cardiovascular Surgical Foundation Inc's unwavering dedication to the wellbeing of its patients is evident in its approach to providing essential services to those in need, regardless of their ability to pay. The organization's impact extends beyond the hospital walls as it makes valuable contributions to the community by offering necessary healthcare services that might not be easily accessible elsewhere.
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Impact
October, 2024
Chmc Cardiovascular Surgical Foundation Inc significantly impacts the healthcare landscape by delivering essential cardiovascular services, primarily at Boston Children's Hospital and its satellite locations. It plays a crucial role in the community by ensuring that patients receive high-quality care regardless of their ability to pay. The Foundation successfully bridges gaps in the healthcare system, offering services that may be limited or unavailable elsewhere, thereby enhancing access to critical medical support.
In the fiscal year ending September 30, 2022, the Foundation provided $248,960 in free care services, underscoring its commitment to helping those in need. Furthermore, the Foundation is dedicated to advancing the field of cardiovascular surgery through research and education, benefiting not only patients but also medical professionals and students. This multifaceted approach not only improves patient outcomes but also fosters a healthier community by addressing both immediate healthcare needs and long-term educational objectives in cardiovascular medicine.
This information is meant to be a general summary of Chmc Cardiovascular Surgical 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: $277,577
- Program Service Revenue: $21,089,332
- Gross Receipts: $22,653,194
Assets and Liabilities:
- Total Assets: $46,436,293
- Total Liabilities: $14,981,263
- Net Assets: $31,455,030
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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
$20,492,349
Education & Research
Revenue
$417,344
Other Revenue
Revenue
$179,639
Organization Details
Founding Year
1982
Phone
(617) 355-7008Principal Officer
Pedro Del Nido Md
Main Address
300 Longwood Avenue, Boston, MA, 02115
NTEE Category
Code: E30 - Health
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