Overview
What is Winchester Hospital Foundation Inc?
Winchester Hospital Foundation Inc, established in December 1997, is a charitable organization dedicated to securing financial support for Winchester Hospital. Over the years, it has emerged as a vital tool for fundraising activities, engaging with donors through cultivation, solicitation, and stewardship. The foundation's primary aim is to strengthen the hospital, ensuring it can continue to provide high-quality healthcare services to its community.
Official website here: www.winchesterhospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)
Winchester Hospital Foundation Inc has received a 37% score from Charity Navigator, indicating significant areas of concern regarding its accountability and financial practices. The rating is based exclusively on financial metrics, highlighting the organization's lack of independent board members and insufficient program expenses.
The foundation scores poorly in board independence, with 0% of its board members being independent, which raises questions about governance and oversight. While it has some strengths, such as a well-structured audit and oversight committee and compliance with conflict of interest and whistleblower policies, it lacks a critical policy on document retention and destruction, further impacting its accountability.
Additionally, the foundation's financial ratios are alarming, with a program expense ratio of only 3.08%, suggesting that a minimal portion of its resources is directed towards its mission-related activities. This information reflects a need for improved transparency and a reassessment of how funds are allocated to better serve the community.
This AI summary has been generated from information found on Charity Navigator.
Is Winchester Hospital Foundation Inc legitimate?
Winchester Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winchester Hospital 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: $1,731,384
Other Salaries and Wages: $11,296
For more financial information, click here
Official website here: www.winchesterhospital.org
What is the mission statement of Winchester Hospital Foundation Inc?
The Winchester Hospital Foundation, established in December 1997, serves as a platform for raising charitable funds for Winchester Hospital. Its primary objective is to foster continuous donor support through processes of donor cultivation, solicitation, and stewardship. Over the years, the foundation has evolved as a crucial instrument in supporting the hospital's endeavors through these charitable activities.
Official website here: www.winchesterhospital.org
Who is the CEO of Winchester Hospital Foundation Inc?
Cindy Rios is the Trustee (Ex-Off) & Pres (Ex-Off) of Winchester Hospital Foundation Inc.
Official website here: www.winchesterhospital.org
What is the revenue of Winchester Hospital Foundation Inc?
Winchester Hospital Foundation Inc's revenue in 2022 was $1,502,746.
Official website here: www.winchesterhospital.org
Who are the executives of Winchester Hospital Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $5,034,628
- Other: $296,171
- Compensation: $0
- Related: $1,365,000
- Other: $26,877
- Compensation: $0
- Related: $1,255,848
- Other: $22,043
- Compensation: $0
- Related: $527,246
- Other: $65,058
- Compensation: $0
- Related: $587,272
- Other: $41,252
- Compensation: $0
- Related: $278,787
- Other: $37,401
- Compensation: $0
- Related: $974,820
- Other: $47,235
Official website here: www.winchesterhospital.org
Where can I find the form 990 for Winchester Hospital Foundation Inc?
Winchester Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winchesterhospital.org
Learn more at the official website: www.winchesterhospital.org
Mission Statement of Winchester Hospital Foundation Inc
Winchester Hospital Foundation Inc, established in 1997, is committed to fostering long-term donor support for Winchester Hospital. Acting as a significant platform for charitable fundraising activities, the foundation engages in donor cultivation, solicitation, and stewardship to bolster the hospital's resources. Its primary objective is to support Winchester Hospital through these philanthropic endeavors, thereby contributing to its overall operations and mission.
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Impact
July, 2024
Winchester Hospital Foundation Inc plays a crucial role in cultivating ongoing donor support for Winchester Hospital in Massachusetts. Established in December 1997, the foundation actively engages in charitable fundraising activities through donor cultivation, solicitation, and stewardship to support the hospital's operations and initiatives. By fostering a strong network of donors, Winchester Hospital Foundation Inc contributes significantly to the hospital's ability to provide quality healthcare services to the community.
This information is meant to be a general summary of Winchester Hospital 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: $94,640
- Gross Receipts: $1,587,445
Assets and Liabilities:
- Total Assets: $14,491,760
- Total Liabilities: $1,149,361
- Net Assets: $13,342,399
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Organization Details
Founding Year
1997
Phone
(781) 744-9536Principal Officer
Cindy Rios
Main Address
41 HIGHLAND AVENUE, WINCHESTER, MA, 01890
Website
www.winchesterhospital.orgNTEE Category
Code: E11 - Health
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