Overview
What is Mount St Mary's Hospital Foundation Inc?
Mount St Mary's Hospital Foundation Inc is a charitable, not-for-profit organization based in Buffalo, New York, specifically at 144 Genesee Street, with a single employee. Their primary mission is to raise funds for the benefit of Mount St. Mary's Hospital in Lewiston, NY. To accomplish this, they provide financial support for capital renovations and equipment purchases, ensuring that medical professionals have access to modern facilities and advanced technology. This commitment to upgrading facilities and technology is vital for delivering high-quality healthcare services. As a 501(c)(3) corporation, Mount St Mary's Hospital Foundation Inc relies on donations and fundraising efforts to support its mission.
Official website here: www.chsbuffalo.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56% (One-Star out of Four Stars)
Mount St Mary's Hospital Foundation Inc has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its financial performance and accountability. Although the organization demonstrates strong governance practices, such as having a majority of independent board members and a robust audit and oversight committee, it faces challenges in its financial management.
The charity's program expense ratio stands at 49.63%, which is notably low, suggesting that less than half of its expenses are directed towards its stated programs. Additionally, its liabilities to assets ratio of 16.57% indicates potential financial instability, which has contributed to its low overall rating. While the foundation has implemented various governance policies, the absence of its tax form on the nonprofit's website raises transparency concerns.
Overall, while Mount St Mary's Hospital Foundation Inc shows strengths in governance and accountability frameworks, its financial metrics reflect areas that require significant improvement. Donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mount St Mary's Hospital Foundation Inc legitimate?
Mount St Mary's Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount St Mary's 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: $124,112
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,184
For more financial information, click here
Official website here: www.chsbuffalo.org
What is the mission statement of Mount St Mary's Hospital Foundation Inc?
The Mount St Mary's Hospital Foundation Inc is a charitable, not-for-profit organization with the sole purpose of raising funds for the benefit of Mount St. Mary's Hospital, operating under the 501(C)3 status. Its mission is to support the hospital by providing resources for capital renovations and purchasing advanced equipment, ensuring that the hospital's medical professionals have access to modern facilities and technology. This commitment to investing in the hospital's infrastructure aims to enhance the quality of care provided to patients.
Official website here: www.chsbuffalo.org
Who is the CEO of Mount St Mary's Hospital Foundation Inc?
Joyce Markiewicz is the CEO of Mount St Mary's Hospital Foundation Inc The CEO's salary of Mount St Mary's Hospital Foundation Inc is $0 and their total compensation is $1,168,362.
Official website here: www.chsbuffalo.org
What is the revenue of Mount St Mary's Hospital Foundation Inc?
Mount St Mary's Hospital Foundation Inc's revenue in 2023 was $657,575.
Official website here: www.chsbuffalo.org
Who are the executives of Mount St Mary's Hospital Foundation Inc and what are their salaries?
The average compensation at Mount St Mary's Hospital Foundation Inc during 2023 was $252,296. There is 1 employee and 10 volunteers at Mount St Mary's Hospital Foundation Inc.
Here are 19 key members and their salaries (Mount St Mary's Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $1,168,362):
- Compensation: $0
- Related: $1,635,876
- Other: $104,188
- Compensation: $0
- Related: $486,698
- Other: $75,182
- 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: $114,567
- Related: $0
- Other: $1,966
- 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: $307,043
- Other: $46,052
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,086,472
- Other: $81,890
Official website here: www.chsbuffalo.org
Where can I find the form 990 for Mount St Mary's Hospital Foundation Inc?
Mount St Mary's Hospital Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chsbuffalo.org
Learn more at the official website: www.chsbuffalo.org
Mission Statement of Mount St Mary's Hospital Foundation Inc
Mount St. Mary's Hospital Foundation Inc is a charitable, not-for-profit organization, operating under the 501(C)(3) status. Its sole purpose is to raise funds for the benefit of Mount St. Mary's Hospital, located elsewhere. This foundation serves as a vital source of financial support, contributing to capital renovations and equipment purchases. By doing so, it ensures that the hospital's clinical caregivers have access to modern facilities and advanced technology, ultimately enhancing the quality of care provided. In essence, Mount St. Mary's Hospital Foundation Inc plays a crucial role in supporting its affiliated hospital, providing it with the necessary resources to maintain and upgrade its facilities and technologies.
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Impact
October, 2024
Mount St. Mary's Hospital Foundation Inc plays a vital role in enhancing healthcare services at Mount St. Mary's Hospital in Lewiston, NY. By raising funds, the Foundation supports crucial capital renovations and the purchase of state-of-the-art medical equipment. This investment ensures that clinical caregivers have access to modern facilities and advanced technology, ultimately improving the quality of patient care. The Foundation's commitment directly impacts the health and well-being of the community it serves, making a significant contribution to the overall healthcare landscape in the region.
This information is meant to be a general summary of Mount St Mary's 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 2023.
- Investment Income: $180,578
- Gross Receipts: $2,769,782
Assets and Liabilities:
- Total Assets: $11,717,301
- Total Liabilities: $1,943,744
- Net Assets: $9,773,557
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Organization Details
Founding Year
1989
Phone
(716) 923-2968Principal Officer
Robert Ingrasci
Main Address
144 GENESEE ST, BUFFALO, NY, 14203
Website
www.chsbuffalo.orgNTEE Category
Code: E22I - Health
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