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Southcoast Ventures Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043003172 ✦ New bedford, MA ✦ Designated as a 501(c)(3)

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Overview

What is Southcoast Ventures Inc?

Southcoast Ventures Inc, based in New Bedford, Massachusetts, is a nonprofit organization that focuses on enhancing healthcare access within the communities served by Southcoast Hospitals Group, Inc. (SHG) and its affiliates. They identify physician shortages and offer support in the recruitment of healthcare professionals, aiming to address these needs in a proactive manner. A key initiative of Southcoast Ventures is its collaboration with Shield's MRI to provide prompt and accurate diagnosis and treatment to Southcoast Hospital's patients, ensuring continuous access to healthcare services for the communities they serve.

Is Southcoast Ventures Inc legitimate?

Southcoast Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southcoast Ventures 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

What is the mission statement of Southcoast Ventures Inc?

Southcoast Ventures Inc's mission is centered around improving healthcare access within the communities served by Southcoast Hospitals Group Inc. (SHG) and its affiliates. The organization identifies physician and provider shortages in these communities and supports the recruitment of healthcare professionals to address these needs. Through various programs, Southcoast Ventures aims to improve access to healthcare services, providing support for the recruitment of physicians to areas where there is a community demand and offering practice support.

Who is the CEO of Southcoast Ventures Inc?

Rayford Kruger is the Principal Officer of Southcoast Ventures Inc. The CEO's salary of Southcoast Ventures Inc is $0 and their total compensation is $1,292,916.

What is the revenue of Southcoast Ventures Inc?

Southcoast Ventures Inc's revenue in 2022 was $183,458.

Who are the executives of Southcoast Ventures Inc and what are their salaries?

There 12 volunteers at Southcoast Ventures Inc.


Here are 21 key members and their salaries (Southcoast Ventures Inc's CEO's salary is $0 and their total compensation is $1,292,916):


Keith Hovan (Ex-Officio(Until 12/21)/ President/Ceo(Until 1/22))
  • Compensation: $0
  • Related: $2,073,393
  • Other: $344,963
Rayford Kruger Md (President & Ceo (As Of 3/22))
  • Compensation: $0
  • Related: $1,247,543
  • Other: $45,373
Renee Clark (Asst Clerk/ Evp & Coo Shg)
  • Compensation: $0
  • Related: $1,054,119
  • Other: $181,423
Wade Broughman (Treasurer/ Evp & Cfo Shg)
  • Compensation: $0
  • Related: $1,093,794
  • Other: $34,680
Ilana Feinerman Md (Trustee)
  • Compensation: $0
  • Related: $591,757
  • Other: $25,541
Ana Laus (Trustee (As Of 1/22))
  • Compensation: $0
  • Related: $408,613
  • Other: $15,780
James Witkowski Md (Trustee (Until 12/21))
  • Compensation: $0
  • Related: $363,990
  • Other: $46,863
Jay S Schachne Md (Trustee)
  • Compensation: $0
  • Related: $6,802
  • Other: $408
Salman Bashir Md (Trustee)
  • Compensation: $0
  • Related: $1,100
  • Other: $0
Louis Cabral (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Giumetti (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Fusco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Jerome Coogan (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Rua (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Huidekoper (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helena Dasilva Hughes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Hugh Morton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan L Rounds (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Kostin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmen Sylvester (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Hodgson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southcoast Ventures Inc?

Southcoast Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Southcoast Ventures Inc

Southcoast Ventures Inc is committed to enhancing healthcare access within the communities served by Southcoast Hospitals Group Inc. and its affiliates. The organization identifies physician and provider shortages within these communities and supports the recruitment of healthcare professionals to address these gaps. Southcoast Ventures Inc participates in programs that aim to improve the availability of healthcare services, focusing on identifying areas with a deficit in medical practitioners, offering assistance in the recruitment of physicians to meet the community's needs, and providing practice support. The mission of Southcoast Ventures Inc is centered around bridging the gap in healthcare accessibility, ensuring that communities have the necessary medical professionals to address their health needs.

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Impact




October, 2024

Southcoast Ventures Inc significantly enhances access to healthcare services within the communities served by Southcoast Hospitals Group and its affiliates. By identifying physician and provider shortages, the organization plays a crucial role in addressing healthcare gaps and supporting the recruitment of qualified healthcare professionals to underserved areas.

One of its key initiatives is a joint venture with Shield's MRI, which allows for the provision of prompt and accurate MRI services around the clock. This service helps meet the urgent diagnostic needs of patients, improving timely access to necessary healthcare interventions. Through these efforts, Southcoast Ventures Inc is instrumental in fostering a healthier community by ensuring that residents have the medical resources and support they need for comprehensive care.




This information is meant to be a general summary of Southcoast Ventures 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.

Revenue
$183,458 (2022)
Expenses
$69,724 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $183,458
  • Gross Receipts: $183,458

Assets and Liabilities:

  • Total Assets: $4,187,296
  • Total Liabilities: $2,944
  • Net Assets: $4,184,352

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MRI JOINT VENTURE

Revenue

$168,075

AFFILIATE RENTAL INCOME

Revenue

$15,383

Organization Details

Founding Year

1988

Principal Officer

Rayford Kruger

Main Address

101 PAGE STREET, NEW BEDFORD, MA, 02740

NTEE Category

Code: E112 - Health

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