Overview
What is Ellis Hospital Foundation Inc The Foundation For Ellis Medicine?
Ellis Hospital Foundation Inc, or The Foundation for Ellis Medicine, is a philanthropic organization based in Schenectady, New York. Its primary mission is to enhance and support quality healthcare and wellness in the community by raising, investing, and distributing funds. These funds contribute to various essential needs, such as purchasing advanced medical equipment, supporting healthcare programs, upgrading facilities, and providing continuing education and scholarships for staff. The organization's accomplishments in 2022 included significant investments in capital improvements and program salaries, including renovating space for a satellite pharmacy, purchasing an oncology linear accelerator, and upgrading equipment in operating rooms. The Foundation for Ellis Medicine strives to increase philanthropy, awareness, and advocacy for Ellis Medicine, ensuring and supporting lifesaving healthcare in the community.
Official website here: www.ellismedicine.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Ellis Hospital Foundation Inc, operating under The Foundation For Ellis Medicine, has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. This rating signifies the organization’s strong commitment to responsible financial practices, with a perfect score in Accountability & Finance, which underscores its transparent operations and effective governance.
The foundation excels in various aspects, including having a fully independent board of 20 members and demonstrating no material diversion of assets. With a program expense ratio of 69%, it indicates that a significant portion of its budget is directed towards its mission-driven programs. Additionally, the organization shows remarkable fundraising efficiency, with only $0.17 spent to raise each dollar, showcasing its effective approach to resource allocation.
While the foundation's overall performance is commendable, the focus on financial metrics may overlook qualitative factors such as program impact and community engagement. Nonetheless, the robust financial management and accountability practices in place position the Ellis Hospital Foundation as a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ellis Hospital Foundation Inc The Foundation For Ellis Medicine legitimate?
Ellis Hospital Foundation Inc The Foundation For Ellis Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ellis Hospital Foundation Inc The Foundation For Ellis Medicine 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: $225,558
Professional Fundraising Fees: $360,357
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ellismedicine.org/foundation
What is the mission statement of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine?
The mission of Ellis Hospital Foundation Inc, also known as The Foundation for Ellis Medicine, is centered around increasing philanthropy, awareness, and advocacy for Ellis Medicine. The primary goal is to ensure and support high-quality, lifesaving healthcare within the community. To achieve this, the foundation raises, invests, and distributes funds to support the vital work conducted at Ellis Medicine. Through charitable contributions from individuals, corporations, and foundations, the organization plays a crucial role in advancing Ellis Medicine's mission to serve the community and revolutionize healthcare, one patient at a time.
Official website here: www.ellismedicine.org/foundation
Who is the CEO of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine?
Karen Mantas is the Vice Chair of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine.
Official website here: www.ellismedicine.org/foundation
What is the revenue of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine?
Ellis Hospital Foundation Inc The Foundation For Ellis Medicine's revenue in 2022 was $4,647,115.
Official website here: www.ellismedicine.org/foundation
Who are the executives of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine and what are their salaries?
The average compensation at Ellis Hospital Foundation Inc The Foundation For Ellis Medicine during 2022 was $28,195. There are 8 employees and 96 volunteers at Ellis Hospital Foundation Inc The Foundation For Ellis Medicine.
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- Compensation: $225,317
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- Compensation: $117,529
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Official website here: www.ellismedicine.org/foundation
Where can I find the form 990 for Ellis Hospital Foundation Inc The Foundation For Ellis Medicine?
Ellis Hospital Foundation Inc The Foundation For Ellis Medicine's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ellismedicine.org/foundation
Learn more at the official website: www.ellismedicine.org/foundation
Mission Statement of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine
The Ellis Hospital Foundation Inc, known as The Foundation for Ellis Medicine, is committed to enhancing philanthropy, awareness, and advocacy for Ellis Medicine in the community. Their primary objective is to guarantee and support the provision of high-quality, lifesaving healthcare within the community. They achieve this mission by raising, investing, and distributing funds that contribute to the life-saving work carried out at Ellis Medicine. The organization relies on charitable contributions from individuals, corporations, and foundations to help advance Ellis Medicine's mission of serving the community and revolutionizing healthcare, one patient at a time.
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Impact
October, 2024
The Foundation for Ellis Medicine has a significant impact on the quality of healthcare in the Schenectady community by actively promoting philanthropy and advocacy. Through the generous support of individuals, corporations, and foundations, the Foundation raises and distributes funds critical to the lifesaving work conducted at Ellis Medicine.
Key investments include enhancements to medical facilities and essential healthcare programs, particularly for underserved populations. In 2022, major capital improvements included the establishment of a satellite pharmacy dedicated to a new medical oncology program, ensuring effective treatment for cancer patients throughout upstate New York. The Foundation also financed the acquisition of advanced radiation oncology equipment, crucial for delivering effective treatment, and upgraded surgical room technology to improve patient outcomes.
Furthermore, the Foundation supports ongoing education and scholarship opportunities for nurses, physicians, and staff, ensuring that the healthcare workforce remains well-equipped to meet evolving community needs. By advancing these initiatives, the Foundation plays a pivotal role in ensuring that high-quality, accessible healthcare is available to all, reinforcing the vital mission of Ellis Medicine to serve and enhance the health of the community, one patient at a time.
This information is meant to be a general summary of Ellis Hospital Foundation Inc The Foundation For Ellis Medicine. 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: $180,687
- Gross Receipts: $15,951,763
Assets and Liabilities:
- Total Assets: $21,424,667
- Total Liabilities: $1,376,494
- Net Assets: $20,048,173
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Organization Details
Founding Year
1982
Phone
(518) 243-4600Principal Officer
Karen Mantas
Main Address
1101 NOTT STREET, SCHENECTADY, NY, 12308
NTEE Category
Code: E110 - Health
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