Overview
What is Northwell Health Foundation?
Northwell Health Foundation is a charitable organization headquartered in Westbury, New York, with an address at 972 Brush Hollow Rd, 5th FL. Their primary mission is to generate financial support for Northwell Health, enhancing the healthcare network's capacity for expansion, modernization, and patient care. By soliciting and managing donations, the Foundation empowers Northwell Health to innovate and maintain high standards in healthcare. With a team of 105 employees, Northwell Health Foundation connects donors, patients, and leaders to make a difference in the community, focusing on serving the underserved and uninsured, advancing medical technology, and supporting new facilities and programs within Northwell Health.
Official website here: www.northwell.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Northwell Health Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to transparency and sound financial practices. The foundation's Accountability & Finance score of 90% reflects its effective governance, with a majority of independent board members and robust oversight mechanisms in place, ensuring the organization operates ethically and efficiently.
The organization excels in various financial metrics, such as a remarkably low liabilities to assets ratio of 1.94%, showcasing its financial stability. Additionally, the foundation achieves a program expense ratio of 67.03%, indicating that a significant portion of its funds are directed toward its charitable programs. Its fundraising efficiency is also notable, with $0.19 spent to raise each dollar, which is an impressive performance.
However, while the foundation's financial health appears strong, there may still be room for improvement in its program expense ratio, which could be higher to further enhance its impact. Overall, the Northwell Health Foundation demonstrates a solid operational framework, and its high rating reflects a commitment to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Northwell Health Foundation legitimate?
Northwell Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwell Health 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: $1,005,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,061,004
For more financial information, click here
Official website here: www.northwell.edu
What is the mission statement of Northwell Health Foundation?
The Northwell Health Foundation works towards securing funds for major modernizations and healthcare services within Northwell Health, Inc. The Foundation's dedication extends to connecting donors, patients, and leaders, enabling them to channel their vision and philanthropic support towards assisting the underserved and uninsured, pioneering advancements in medical technology and research, and offering crucial financial assistance for new facilities and programs within Northwell Health. The Foundation's philanthropic efforts enable Northwell Health to innovate and elevate healthcare standards.
Official website here: www.northwell.edu
Who is the CEO of Northwell Health Foundation?
Michael J Dowling is the Principal Officer of Northwell Health Foundation. The CEO's salary of Northwell Health Foundation is $0 and their total compensation is $5,268,261.
Official website here: www.northwell.edu
What is the revenue of Northwell Health Foundation?
Northwell Health Foundation's revenue in 2022 was $116,719,999.
Official website here: www.northwell.edu
Who are the executives of Northwell Health Foundation and what are their salaries?
The average compensation at Northwell Health Foundation during 2022 was $143,489. There are 105 employees at Northwell Health Foundation.
Here are 30 key members and their salaries (Northwell Health Foundation's CEO's salary is $0 and their total compensation is $5,268,261):
- Compensation: $0
- Related: $5,200,818
- Other: $67,443
- Compensation: $0
- Related: $3,797,212
- Other: $61,175
- Compensation: $0
- Related: $2,120,360
- Other: $61,784
- Compensation: $0
- Related: $1,669,901
- Other: $47,784
- Compensation: $0
- Related: $1,628,772
- Other: $75,114
- Compensation: $0
- Related: $1,581,808
- Other: $75,053
- Compensation: $0
- Related: $1,416,560
- Other: $75,114
- Compensation: $0
- Related: $1,395,198
- Other: $59,925
- Compensation: $0
- Related: $1,222,834
- Other: $75,114
- Compensation: $0
- Related: $1,216,122
- Other: $61,459
- Compensation: $0
- Related: $1,150,407
- Other: $63,166
- Compensation: $0
- Related: $1,116,391
- Other: $75,052
- Compensation: $0
- Related: $1,006,335
- Other: $61,459
- Compensation: $1,005,384
- Related: $0
- Other: $61,418
- Compensation: $0
- Related: $874,457
- Other: $75,114
- Compensation: $536,927
- Related: $0
- Other: $72,813
- Compensation: $518,264
- Related: $0
- Other: $47,805
- Compensation: $416,813
- Related: $0
- Other: $75,052
- Compensation: $395,788
- Related: $0
- Other: $75,114
- Compensation: $0
- Related: $404,079
- Other: $61,418
- Compensation: $388,338
- Related: $0
- Other: $61,459
- Compensation: $0
- Related: $324,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.northwell.edu
Where can I find the form 990 for Northwell Health Foundation?
Northwell Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwell.edu
Learn more at the official website: www.northwell.edu
Mission Statement of Northwell Health Foundation
Northwell Health Foundation, a charitable organization, is committed to securing donations and managing funds to enhance the healthcare services provided by Northwell Health, Inc. The Foundation serves as a bridge between benefactors, patients, and leaders, enabling them to align their vision and philanthropic contributions towards assisting the underprivileged and uninsured, pushing the boundaries of medical technology and research, and supplying essential financial backing for new facilities and programs within Northwell Health. Through its fundraising initiatives, Northwell Health Foundation empowers Northwell to innovate and uphold the highest standards in healthcare.
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Impact
October, 2024
The Northwell Health Foundation plays a crucial role in enhancing healthcare services through strategic fundraising efforts aimed at supporting Northwell Health. By soliciting and administering funds for major modernization and healthcare-related services, the Foundation ensures that its affiliated organizations can expand and improve their medical offerings.
Through its mission, the Foundation actively connects donors, patients, and healthcare leaders, facilitating contributions that address the needs of underserved and uninsured populations. This philanthropic support not only advances the latest frontiers in medical technology and research but also provides essential financial backing for new facilities and innovative programs.
The impact of the Northwell Health Foundation is evident in its dedication to improving healthcare standards, enabling Northwell Health to remain at the forefront of medical innovation and service delivery in the community. Its efforts support the vision of a health system that is both responsive to patient needs and committed to groundbreaking advancements in healthcare delivery.
This information is meant to be a general summary of Northwell Health 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: $2,661,638
- Gross Receipts: $241,122,763
Assets and Liabilities:
- Total Assets: $466,111,453
- Total Liabilities: $9,079,126
- Net Assets: $457,032,327
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Organization Details
Founding Year
1988
Phone
(516) 321-6058Principal Officer
Michael J Dowling
Main Address
972 BRUSH HOLLOW RD 5TH FL, WESTBURY, NY, 11590
Website
www.northwell.eduNTEE Category
Code: E122 - Health
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