Overview
What is Chmc Surgical Foundation Inc?
Chmc Surgical Foundation Inc is a Boston, Massachusetts-based nonprofit organization primarily focused on benefiting Boston Children's Hospital and Harvard Medical School. The Foundation offers surgical services to patients and conducts research and education in the field of pediatric surgery. They charge for medical services, with any net income being used for charitable, scientific, and educational purposes. The Foundation also ensures that many patients receive care, regardless of their ability to pay. Furthermore, they provide hospital and community-based services that are either unavailable or limited elsewhere, enhancing access to essential healthcare for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Chmc Surgical Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is derived exclusively from its Accountability & Finance metrics, indicating that the organization demonstrates a strong commitment to responsible financial management and transparency.
The foundation scores exceptionally well in key areas, including having a complete audit and oversight committee, no material diversion of assets, and comprehensive conflict of interest and whistleblower policies. Additionally, their program expense ratio is impressively high at 92.85%, suggesting that a significant portion of their funding is directed toward their mission-related activities.
While the organization showcases strong financial practices, the overall rating indicates that there is potential for improvement in other areas that may not have been evaluated in this instance. Maintaining and enhancing these financial standards will be crucial for supporting their ongoing operations and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Chmc Surgical Foundation Inc legitimate?
Chmc Surgical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chmc 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: $7,146,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,937,324
For more financial information, click here
What is the mission statement of Chmc Surgical Foundation Inc?
The Chmc Surgical Foundation Inc is dedicated to delivering surgical services primarily to patients, with a focus on those in need of care despite their financial capabilities. The organization supports Boston Children's Hospital and Harvard Medical School by providing essential surgical services and conducting research in the field of surgery. Through education, it also trains medical and scientific personnel, contributing to the advancement of surgical knowledge. The Foundation goes beyond hospital boundaries to offer care and subsidize limited or unavailable healthcare services within the community.
Who is the CEO of Chmc Surgical Foundation Inc?
Steven J Fishman Md is the President of Chmc Surgical Foundation Inc.
What is the revenue of Chmc Surgical Foundation Inc?
Chmc Surgical Foundation Inc's revenue in 2022 was $34,006,141.
Who are the executives of Chmc Surgical Foundation Inc and what are their salaries?
The average compensation at Chmc Surgical Foundation Inc during 2022 was $824,424. There are 28 employees at Chmc Surgical Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $1,552,989
- Related: $0
- Other: $106,981
- Compensation: $992,812
- Related: $0
- Other: $100,874
- Compensation: $847,291
- Related: $0
- Other: $100,778
- Compensation: $668,260
- Related: $0
- Other: $101,123
- Compensation: $891,713
- Related: $0
- Other: $108,586
- Compensation: $857,188
- Related: $0
- Other: $251,653
- Compensation: $788,784
- Related: $0
- Other: $249,650
- Compensation: $634,085
- Related: $0
- Other: $251,732
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $890,073
- Related: $0
- Other: $106,193
- Compensation: $1,040,967
- Related: $0
- Other: $79,797
- Compensation: $886,432
- Related: $0
- Other: $103,574
- Compensation: $823,125
- Related: $0
- Other: $99,396
- Compensation: $808,375
- Related: $0
- Other: $252,574
- Compensation: $803,314
- Related: $0
- Other: $103,581
Where can I find the form 990 for Chmc Surgical Foundation Inc?
Chmc Surgical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chmc Surgical Foundation Inc
Chmc Surgical Foundation Inc is a charitable organization that is deeply committed to delivering surgical services and promoting medical education. Its primary focus lies in serving patients at Boston Children's Hospital and its satellite locations. The Foundation carries out its mission by providing essential surgical procedures to those in need. Notably, it extends its care to patients irrespective of their financial capabilities.
Beyond its surgical services, Chmc Surgical Foundation Inc also champions the cause of research and education in the medical field, particularly in surgery. It accomplishes this through instruction of students and other medical professionals. By doing so, the Foundation fosters advancements in surgical techniques and knowledge that benefit the wider community.
In line with its dedication to providing care for all, Chmc Surgical Foundation Inc goes beyond the confines of the hospital setting. It offers subsidized hospital and community-based services that are limited or unavailable elsewhere. Through these initiatives, the Foundation reaches out to those who may not have access to crucial surgical treatments, thereby expanding the scope of its impact.
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Impact
October, 2024
Chmc Surgical Foundation Inc significantly enhances the landscape of pediatric surgical care in Boston by providing essential surgical services and educational opportunities. By collaborating closely with Boston Children's Hospital and Harvard Medical School, the Foundation not only delivers high-quality care to young patients but also advances the field of pediatric surgery through research and training programs.
One of the Foundation's key impacts is its commitment to accessibility. It provides care for patients irrespective of their financial circumstances, ensuring that critical surgical services are available to all, including those with limited resources. This focus on inclusivity helps to address gaps in healthcare access within the community, particularly for families who might otherwise face significant barriers to receiving necessary treatment.
Additionally, the Foundation plays a vital role in promoting medical education and research in pediatric surgery. By teaching students and healthcare professionals, it cultivates the next generation of medical practitioners, fostering innovation and improving surgical outcomes. This educational aspect not only benefits current patients but also contributes to the overall advancement of the medical field.
Moreover, the Foundation's support for community-based services addresses unmet needs in the local healthcare ecosystem. By subsidizing services that may be limited or unavailable elsewhere, it enhances the comprehensive care available to the Boston community, thereby improving the overall health and well-being of its residents.
In summary, Chmc Surgical Foundation Inc has a profound impact by providing critical surgical services, ensuring equitable access to care, advancing medical education, and supporting community health initiatives, all of which contribute to better health outcomes for children in the region.
This information is meant to be a general summary of Chmc 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: $1,042,563
- Program Service Revenue: $30,233,407
- Gross Receipts: $37,000,428
Assets and Liabilities:
- Total Assets: $83,277,496
- Total Liabilities: $20,938,690
- Net Assets: $62,338,806
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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
$29,675,905
Education and research
Revenue
$709,944
Clinical and other revenue
Revenue
-$152,442
Organization Details
Founding Year
1982
Phone
(617) 355-4022Principal Officer
Steven J Fishman Md
Main Address
300 Longwood Avenue Fegan3, Boston, MA, 02115
NTEE Category
Code: E122 - Health
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