Overview
What is Baystate Health Foundation Inc?
Baystate Health Foundation Inc is a Massachusetts-based nonprofit organization located at 759 Chestnut Street in Springfield, with a team of 29 employees. Their primary mission is to foster a culture of philanthropy and encourage relationships that support Baystate Health's goal of enhancing community health with quality and compassion. In 2022, their areas of focus include the Family Medicine Residency Program, Mobile Health, Cancer Research, and various other patient-centered programs and services. They extend their reach to Baystate Children's Hospital, Baystate Wing Hospital, Baystate Franklin Medical Center, Baystate Home Health and Hospice, and other initiatives. Their ultimate objective is to improve the health and well-being of people in their communities every day.
Official website here: www.baystatehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating from Charity Navigator.
Baystate Health Foundation Inc has demonstrated a solid performance with an 88% overall score, reflecting its commitment to accountability and finance. The organization excels in governance, with a fully independent board and strong financial oversight, earning perfect scores in areas such as conflict of interest and whistleblower policies. The organization's liabilities to assets ratio is notably low, indicating a healthy financial position.
In terms of community engagement, Baystate Health Foundation Inc has achieved a perfect score of 100 in the Culture & Community category, showcasing its dedication to equity strategies and community involvement. This suggests that the foundation is actively working to foster an inclusive environment and address community needs effectively.
However, while the foundation's program expense ratio is relatively strong at 62.93%, there is room for improvement, as it earns only 16 out of 25 points in this area. This indicates that a significant portion of the funds may not be directly allocated to programs, which is a consideration for potential donors. Overall, Baystate Health Foundation Inc shows strong governance and community commitment, but optimizing program spending could enhance its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Baystate Health Foundation Inc legitimate?
Baystate Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baystate Health 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: $0
Other Salaries and Wages: $1,840,976
For more financial information, click here
Official website here: www.baystatehealth.org
What is the mission statement of Baystate Health Foundation Inc?
The Baystate Health Foundation aims to foster a giving culture and establish philanthropic relationships that bolster Baystate Health's objective. This mission is aligned with Baystate Health's vision to enhance the wellbeing of individuals in communities every day with quality and compassion. The primary areas of grant support in 2022 encompass the Family Medicine Residency Program, Mobile Health, Cancer Research, patient-centered programs and services, Baystate Children's Hospital, Baystate Wing Hospital, Baystate Franklin Medical Center, Baystate Home Health and Hospice.
Official website here: www.baystatehealth.org
Who is the CEO of Baystate Health Foundation Inc?
Mark A Keroack Md is the CEO of Baystate Health Foundation Inc The CEO's salary of Baystate Health Foundation Inc is $0 and their total compensation is $2,632,878.
Official website here: www.baystatehealth.org
What is the revenue of Baystate Health Foundation Inc?
Baystate Health Foundation Inc's revenue in 2023 was $19,230,995.
Official website here: www.baystatehealth.org
Who are the executives of Baystate Health Foundation Inc and what are their salaries?
The average compensation at Baystate Health Foundation Inc during 2023 was $63,482. There are 29 employees and 17 volunteers at Baystate Health Foundation Inc.
Here are 29 key members and their salaries (Baystate Health Foundation Inc's CEO's salary is $0 and their total compensation is $2,632,878):
- Compensation: $0
- Related: $3,024,136
- Other: $61,001
- Compensation: $0
- Related: $2,590,235
- Other: $42,643
- Compensation: $0
- Related: $1,243,342
- Other: $38,549
- Compensation: $0
- Related: $1,132,360
- Other: $27,717
- Compensation: $0
- Related: $334,761
- Other: $20,132
- Compensation: $0
- Related: $290,811
- Other: $4,592
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $171,356
- Other: $48,217
- Compensation: $0
- Related: $60,294
- Other: $12,442
- Compensation: $140,916
- Related: $0
- Other: $30,145
- Compensation: $131,484
- Related: $0
- Other: $31,003
- Compensation: $142,484
- Related: $0
- Other: $17,486
- Compensation: $117,547
- Related: $0
- Other: $34,420
Official website here: www.baystatehealth.org
Where can I find the form 990 for Baystate Health Foundation Inc?
Baystate Health Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.baystatehealth.org
Learn more at the official website: www.baystatehealth.org
Mission Statement of Baystate Health Foundation Inc
Baystate Health Foundation, a philanthropic organization, strives to instill a culture of giving and foster relationships that will support the mission and vision of Baystate Health. This mission aims to enhance the health and wellbeing of community members every day, delivering quality and compassionate care.
The Baystate Health Foundation's primary focus in 2022 is to extend its support to various programs and services that align with Baystate Health's objectives. Key areas of investment include the Baystate Health Family Medicine Residency Program, Mobile Health, Cancer Research, and other patient-centered initiatives. Furthermore, the Foundation contributes to Baystate Children's Hospital, Baystate Wing Hospital, Baystate Franklin Medical Center, Baystate Home Health and Hospice, and other essential healthcare projects.
By providing financial backing, Baystate Health Foundation plays a crucial role in advancing healthcare services and research, ultimately resulting in improved health outcomes for people in the communities Baystate Health serves. The organization's commitment to quality and compassionate care is reflected in its various initiatives, which aim to address the diverse healthcare needs of the population.
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Impact
October, 2024
Baystate Health Foundation Inc. plays a vital role in enhancing the health and wellbeing of communities in Massachusetts. By fostering a culture of philanthropy, the Foundation inspires individuals and organizations to build meaningful relationships that support essential health initiatives.
In 2022, key areas of support included the Baystate Health Family Medicine Residency Program, which trains the next generation of healthcare providers, and Mobile Health services that extend care to underserved populations. The Foundation also contributed to cancer research and patient-centered programs, addressing critical health challenges faced by individuals and families.
Furthermore, the Foundation supports Baystate Children's Hospital and other important facilities, such as Baystate Wing Hospital and Baystate Franklin Medical Center, ensuring comprehensive care across various medical needs. The commitment to quality and compassionate healthcare is further exemplified through Baystate Home Health and Hospice, serving those who require specialized home care and end-of-life support. Overall, Baystate Health Foundation Inc. significantly impacts community health by enhancing access to quality care and advancing important health initiatives.
This information is meant to be a general summary of Baystate Health 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 2023.
- Investment Income: $1,650,876
- Program Service Revenue: $2,200,000
- Gross Receipts: $34,275,157
Assets and Liabilities:
- Total Assets: $143,679,503
- Total Liabilities: $3,374,613
- Net Assets: $140,304,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOUNDATION ASSESSMENT
Revenue
$2,200,000
Organization Details
Founding Year
2000
Principal Officer
Raymond Mccarthy
Website
www.baystatehealth.orgNTEE Category
Code: E11 - Health
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