Overview
What is Montefiore Nyack Hospital Foundation Inc?
Montefiore Nyack Hospital Foundation Inc, established in 1985, serves as the philanthropic arm of Montefiore Nyack Hospital. Its primary mission is to foster strong community connections, raising funds to enhance the hospital's top-notch medical care, exceptional programs, and exceptional patient experiences. This nonprofit organization, with a small team of three individuals, is committed to supporting the hospital's team in staying at the forefront of treatment and technology, thereby ensuring the delivery of the best possible care to the community. Due to the support of the community, Montefiore Nyack Hospital Foundation Inc has been instrumental in providing state-of-the-art medical facilities and services, ensuring that patients receive compassionate and cutting-edge care within their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (72%)
Montefiore Nyack Hospital Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with a score of 72%. While the organization demonstrates strong governance, with 95% independent board members and robust policies in place for audits and conflicts of interest, there are concerns regarding its financial efficiency. The program expense ratio is notably low at 52.17%, suggesting that a significant portion of its expenditures may not be directed towards its primary mission.
The foundation excels in several areas of accountability and finance, achieving perfect scores in audit oversight and having no material diversion of assets. These strengths highlight a commitment to transparency and sound financial practices. However, the overall low program expense ratio raises questions about its effectiveness in utilizing funds for programmatic purposes, which could affect donor confidence and support.
Overall, while Montefiore Nyack Hospital Foundation Inc shows a strong governance structure and financial oversight, it faces challenges in allocating a higher percentage of its resources towards its programs. Addressing these limitations may enhance its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Montefiore Nyack Hospital Foundation Inc legitimate?
Montefiore Nyack Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montefiore Nyack 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: $219,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,254
For more financial information, click here
What is the mission statement of Montefiore Nyack Hospital Foundation Inc?
Montefiore Nyack Hospital Foundation's mission, established in 1985, is centered around fostering enduring community connections. The primary objective is to financially support and promote Montefiore Nyack Hospital's provision of advanced medical care, exceptional programs, and outstanding patient experiences. By cultivating these relationships and securing philanthropic funds, the foundation ensures that the hospital maintains a leading position in treatment and technology, providing top-notch care to its patients and community members. The community's support is instrumental in enabling the hospital team to stay at the forefront of healthcare advancements, delivering the best care possible, close to home.
Who is the CEO of Montefiore Nyack Hospital Foundation Inc?
Mark Geller Md is the President & Ceo of Montefiore Nyack Hospital Foundation Inc. The CEO's salary of Montefiore Nyack Hospital Foundation Inc is $0 and their total compensation is $1,163,233.
What is the revenue of Montefiore Nyack Hospital Foundation Inc?
Montefiore Nyack Hospital Foundation Inc's revenue in 2022 was $646,435.
Who are the executives of Montefiore Nyack Hospital Foundation Inc and what are their salaries?
The average compensation at Montefiore Nyack Hospital Foundation Inc during 2022 was $94,073. There are 3 employees at Montefiore Nyack Hospital Foundation Inc.
Here are 24 key members and their salaries (Montefiore Nyack Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $1,163,233):
- Compensation: $0
- Related: $1,098,404
- Other: $64,829
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- Other: $61,641
- Compensation: $160,051
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- Other: $30,803
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Where can I find the form 990 for Montefiore Nyack Hospital Foundation Inc?
Montefiore Nyack Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montefiore Nyack Hospital Foundation Inc
Montefiore Nyack Hospital Foundation Inc's mission is centered around establishing and nurturing enduring relationships with the community. The primary objective of this foundation is to financially support Montefiore Nyack Hospital in providing comprehensive, state-of-the-art medical care and exceptional programs. By fostering these relationships and securing philanthropic funds, Montefiore Nyack Hospital Foundation Inc aims to ensure that the hospital remains at the forefront of treatment and technology, delivering the best care possible to its patients and community members. The foundation's contributions enable Montefiore Nyack Hospital to maintain its reputation as a community hospital that continually strives to offer outstanding patient experiences.
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Impact
July, 2024
Montefiore Nyack Hospital Foundation Inc's impact is evident in its efforts to build enduring community relationships that promote and financially support Montefiore Nyack Hospital's comprehensive state-of-the-art medical care and exceptional programs. Established in 1985, the Foundation plays a crucial role in fostering meaningful connections between the hospital and the community, while also securing philanthropic funds to help Montefiore Nyack Hospital deliver the highest level of care to patients and community members. Thanks to the generous support from the community, Montefiore Nyack Hospital has been able to provide state-of-the-art medical care, exceptional programs, and outstanding patient experiences. This support ensures that the healthcare team remains at the forefront of treatment and technology, delivering top-notch care right in the local community.
This information is meant to be a general summary of Montefiore Nyack 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: $5
- Gross Receipts: $775,031
Assets and Liabilities:
- Total Assets: $2,557,041
- Total Liabilities: $155,842
- Net Assets: $2,401,199
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Organization Details
Founding Year
1984
Phone
(845) 348-2107Principal Officer
Mark Geller Md
Main Address
160 NORTH MIDLAND AVENUE, NYACK, NY, 109601912
NTEE Category
Code: E22I - Health
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