Overview
What is The Miriam Hospital Foundation?
The Miriam Hospital Foundation is a charitable organization dedicated to supporting the mission and purposes of The Miriam Hospital (TMH), located in Providence, Rhode Island. By raising funds, the Foundation transferred a total of $3,257,277 to TMH in fiscal year 2022, contributing to its operations and capital expenditures. The Foundation's philanthropy significantly impacted specific TMH programs, including transferring $600,000 to the Nursing Excellence Fund for nurse support and $340,650 to the Lung Cancer Screening and Nodule program for patient care. The Foundation operates with the primary aim of benefiting and responding to the needs of Lifespan Corporation and its affiliates.
Official website here: www.lifespan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Miriam Hospital Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. This rating is derived entirely from its Accountability & Finance score of 95%, indicating strong operational integrity and transparency. The foundation boasts a fully independent board of directors, sound financial oversight, and adherence to best practices in governance.
Strengths highlighted include a high program expense ratio of 82.03%, ensuring that a significant portion of funds is directed towards its mission-driven activities. The foundation also maintains excellent financial health, with a low liabilities-to-assets ratio and a substantial working capital ratio of 12.08 years, which ensures stability and sustainability. Additionally, the organization has established policies regarding conflict of interest and whistleblower protections, enhancing its credibility and trustworthiness.
However, there is a slight concern regarding fundraising efficiency, where it scored 20 out of 25 points. This suggests that while the foundation does well in many aspects, there may be room for improvement in how it raises funds relative to its expenses. Overall, The Miriam Hospital Foundation stands out for its commitment to transparency and effective use of resources, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Miriam Hospital Foundation legitimate?
The Miriam Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Miriam Hospital Foundation 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
Official website here: www.lifespan.org
What is the mission statement of The Miriam Hospital Foundation?
The Miriam Hospital Foundation's mission is centered around charitable activities, aimed at supporting and enhancing the mission and purposes of The Miriam Hospital. Specifically, the foundation operates for the benefit of Lifespan Corporation and its affiliates, responding to their needs. Through its philanthropic activities, the foundation raised funds in the amount of $3,257,277 during fiscal year 2022, which were then transferred to The Miriam Hospital to support its operations and capital expenditures. Notably, $600,000 was allocated to The Miriam Hospital's Nursing Excellence Fund for nurse support, and $340,650 was dedicated to the hospital's Lung Cancer Screening and Nodule program. For more detailed information, refer to Schedule O of Form 990.
Official website here: www.lifespan.org
Who is the CEO of The Miriam Hospital Foundation?
Maria Ducharme Dnp Rn Nea-Bc is the Principal Officer of The Miriam Hospital Foundation.
Official website here: www.lifespan.org
What is the revenue of The Miriam Hospital Foundation?
The Miriam Hospital Foundation's revenue in 2022 was $3,484,075.
Official website here: www.lifespan.org
Who are the executives of The Miriam Hospital Foundation and what are their salaries?
There 85 volunteers at The Miriam Hospital Foundation.
Here are 32 key members and their salaries:
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Official website here: www.lifespan.org
Where can I find the form 990 for The Miriam Hospital Foundation?
The Miriam Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifespan.org
Learn more at the official website: www.lifespan.org
Mission Statement of The Miriam Hospital Foundation
The Miriam Hospital Foundation, a philanthropic organization, is dedicated to furthering the objectives and purposes of The Miriam Hospital (TMH). With a focus on charitable, scientific, and educational pursuits, the Foundation aims to be of service to Lifespan Corporation and its affiliates, addressing their needs and responding to their requirements. In a more specific context, its mission is to channel resources and funds towards benefiting TMH, thereby contributing positively to the Rhode Island community.
In the 2022 fiscal year, the Foundation demonstrated its commitment by transferring a substantial sum of $3,257,277 to TMH. This financial assistance supported TMH's ongoing operations and capital expenditures, ultimately contributing to the betterment of the broader community. One of the notable areas where the Foundation made a significant impact was by allocating $600,000 to TMH's Nursing Excellence Fund, designed to aid TMH nurses through Student Loan Repayment and Tuition Assistance programs. Furthermore, the Foundation contributed $340,650 to TMH's Lung Cancer Screening and Nodule program, which provides essential screening, coordinated care, and navigation services to patients with potentially cancerous lung nodules, addressing their unique needs promptly.
The Foundation's philanthropic activities extend beyond these specific instances, with additional TMH programs benefiting from their support. More details on these initiatives can be found in Schedule O of Form 990. The Miriam Hospital Foundation's mission is thus centered around supporting TMH and its affiliates, ultimately contributing to the well-being of the Rhode Island community.
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Impact
July, 2024
The Miriam Hospital Foundation's impact is significant and far-reaching, as they engage in philanthropic activities to support the mission and purposes of The Miriam Hospital. In fiscal year 2022, the Foundation transferred funds totaling $3,257,277 to The Miriam Hospital, benefiting the Rhode Island community. This support included contributions to the Nursing Excellence Fund for student loan repayment and tuition assistance, as well as funding for the Lung Cancer Screening and Nodule program to provide crucial care and navigation for patients with potentially cancerous nodules. These contributions demonstrate the Foundation's commitment to enhancing healthcare services and meeting the specific needs of patients within the community.
This information is meant to be a general summary of The Miriam Hospital Foundation. 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: -$1,670,639
- Gross Receipts: $30,889,292
Assets and Liabilities:
- Total Assets: $62,680,130
- Total Liabilities: $618,411
- Net Assets: $62,061,719
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Organization Details
Founding Year
1978
Phone
(401) 444-6500Principal Officer
Maria Ducharme Dnp Rn Nea-Bc
Main Address
167 Point Street, Providence, RI, 02903
Website
www.lifespan.orgNTEE Category
Code: E110 - Health
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