Overview
What is St Lawrence Health Foundation Inc?
St. Lawrence Health Foundation Inc, located at 29 Grove Street, Potsdam, New York, serves as a vital intermediary for gifts and bequests intended to support Canton-Potsdam Hospital, Gouverneur Hospital, and Massena Hospital. This nonprofit organization's primary role is to administer these charitable contributions, aiming to enhance the capabilities and services of these affiliated healthcare facilities. By soliciting, receiving, and managing donations, the St. Lawrence Health Foundation Inc contributes to the betterment of healthcare provision in the area, ultimately benefiting the local community.
Official website here: www.stlawrencehealthsystem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
St Lawrence Health Foundation Inc has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization has strong governance practices, reflected in its independent board composition and various policies in place, there are critical weaknesses in its financial performance metrics that contribute to its overall low score.
The foundation boasts independent board members and has successfully implemented solid oversight policies, which are positive indicators of governance. However, the financial health of the organization raises alarms, particularly with a low program expense ratio of 18.84%, suggesting that a minimal amount of its budget is allocated to programs compared to administrative costs. Additionally, the liabilities to assets ratio is concerning at 8.28%, indicating potential financial instability.
Limitations in transparency are evident, particularly with the absence of tax forms on the nonprofit's website, which could affect public trust and accountability. Overall, while there are strengths in governance, the foundation faces critical challenges in financial management and transparency that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is St Lawrence Health Foundation Inc legitimate?
St Lawrence Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Lawrence 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.
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Official website here: www.stlawrencehealthsystem.org
What is the mission statement of St Lawrence Health Foundation Inc?
The St. Lawrence Health Foundation Inc's primary objective is to collect and manage charitable donations intended for Canton-Potsdam Hospital, Gouverneur Hospital, and Massena Hospital. The foundation's role primarily involves soliciting and administering these gifts and bequests, ensuring they benefit the affiliated hospitals effectively. By doing so, the foundation supports the medical needs of the communities served by these hospitals.
Official website here: www.stlawrencehealthsystem.org
Who is the CEO of St Lawrence Health Foundation Inc?
April Grant is the Principal Officer of St Lawrence Health Foundation Inc.
Official website here: www.stlawrencehealthsystem.org
What is the revenue of St Lawrence Health Foundation Inc?
St Lawrence Health Foundation Inc's revenue in 2022 was $1,663,685.
Official website here: www.stlawrencehealthsystem.org
Who are the executives of St Lawrence Health Foundation Inc and what are their salaries?
Here are 17 key members and their salaries:
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- Related: $297,938
- Other: $61,492
Official website here: www.stlawrencehealthsystem.org
Where can I find the form 990 for St Lawrence Health Foundation Inc?
St Lawrence Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlawrencehealthsystem.org
Learn more at the official website: www.stlawrencehealthsystem.org
Mission Statement of St Lawrence Health Foundation Inc
The St. Lawrence Health Foundation Inc is dedicated to fulfilling its primary mission, which involves soliciting, receiving, and administering charitable contributions on behalf of three affiliated hospitals: Canton-Potsdam Hospital, Gouverneur Hospital, and Massena Hospital. This nonprofit organization's role is to manage the gifts and bequests made to it, ensuring they are utilized for the betterment of these hospitals. By overseeing the administration of these donations, the St. Lawrence Health Foundation Inc plays a crucial role in supporting the operations and improvement of these healthcare institutions.
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Impact
October, 2024
St. Lawrence Health Foundation Inc plays a crucial role in enhancing healthcare services in the region by soliciting, receiving, and administering gifts and bequests for Canton-Potsdam Hospital, Gouverneur Hospital, and Massena Hospital. Through its efforts, the foundation ensures that these healthcare institutions have the necessary resources to improve patient care, invest in advanced medical technologies, and support community health initiatives.
By effectively managing donations, the foundation directly contributes to the overall quality of health services provided to the community. This support enables hospitals to upgrade their facilities, train medical staff, and implement new programs that address the evolving needs of patients. As a result, the foundation's impact extends beyond financial assistance; it fosters a healthier environment for residents and strengthens the healthcare system in northern New York.
This information is meant to be a general summary of St Lawrence 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 2022.
- Investment Income: $1,058,792
- Gross Receipts: $6,688,546
Assets and Liabilities:
- Total Assets: $30,633,797
- Total Liabilities: $2,539,948
- Net Assets: $28,093,849
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Organization Details
Founding Year
1985
Phone
(315) 261-5410Principal Officer
April Grant
Main Address
29 GROVE STREET, POTSDAM, NY, 136762051
NTEE Category
Code: E112 - Health
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