Overview
What is Frederick Ferris Thompson Hospital Guild?
The Frederick Ferris Thompson Hospital Guild is a volunteer-run organization situated in Canandaigua, New York. Their primary mission is to support the Frederick F. Thompson Health System by operating a gift shop. The shop generates revenue, which is then distributed to various not-for-profit organizations within the system, based on their needs. Additionally, the gift shop caters to the requirements of over 1,100 associates of the system, offering a range of items such as stationery, snacks, toys, and gifts. The Guild's purpose is to aid and contribute to the overall operations of the Frederick F. Thompson Health System.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
The Frederick Ferris Thompson Hospital Guild has received a commendable score of 94%, signifying a Four-Star rating. This rating is determined entirely by the organization's accountability and financial practices, which are assessed through various metrics. The hospital guild boasts a full score in multiple areas, including having a fully independent board and a low liabilities to assets ratio, indicating strong financial health.
Strengths of the organization include a commitment to transparency and ethical governance, evidenced by their comprehensive conflict of interest and whistleblower policies. Additionally, the organization has demonstrated effective financial management, with a program expense ratio of 71.55%, suggesting that a significant portion of its funds is directed towards its intended programs and services.
While the organization shows significant strengths in governance and financial practices, the data highlights no material diversions of assets, reflecting responsible stewardship of resources. Overall, the Frederick Ferris Thompson Hospital Guild appears to provide solid value to its stakeholders and the communities it serves, as evidenced by its strong performance in accountability and finance metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Frederick Ferris Thompson Hospital Guild legitimate?
Frederick Ferris Thompson Hospital Guild is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederick Ferris Thompson Hospital Guild 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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What is the mission statement of Frederick Ferris Thompson Hospital Guild?
The Frederick Ferris Thompson Hospital Guild's mission is centered around assisting and supporting the FF Thompson Health System. In pursuit of this goal, they operate a gift shop, run by volunteers, which generates revenue. This revenue is then used to make contributions to various not-for-profit organizations within the health system, based on their needs. Furthermore, the gift shop also caters to the needs of the hospital's 1,113 associates, offering a range of items such as stamps, cards, snacks, toys, and gifts.
Who is the CEO of Frederick Ferris Thompson Hospital Guild?
Louis Loy is the Member At Large of Frederick Ferris Thompson Hospital Guild.
What is the revenue of Frederick Ferris Thompson Hospital Guild?
Frederick Ferris Thompson Hospital Guild's revenue in 2022 was $122,918.
Who are the executives of Frederick Ferris Thompson Hospital Guild and what are their salaries?
There 8 volunteers at Frederick Ferris Thompson Hospital Guild.
Here are 21 key members and their salaries:
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- Compensation: $916,820
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- Other: $125,322
- Compensation: $177,555
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- Other: $2,345
Where can I find the form 990 for Frederick Ferris Thompson Hospital Guild?
Frederick Ferris Thompson Hospital Guild's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frederick Ferris Thompson Hospital Guild
The Frederick Ferris Thompson Hospital Guild is an organization dedicated to supporting the Frederick Ferris Thompson Health System. Their primary mission is to assist and provide aid to various not-for-profit organizations within the health system, based on their needs. This support is largely facilitated through the operation of a gift shop run by volunteers. The shop generates revenue, which is then distributed to the aforementioned organizations within the health system. Furthermore, the gift shop also caters to the needs of over a thousand associates of the system, offering a wide range of items such as stamps, cards, snacks, toys, and gifts.
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Impact
October, 2024
Frederick Ferris Thompson Hospital Guild has a notable impact on the FF Thompson Health System through its dedicated support and assistance. By operating a gift shop run by volunteers, the Guild generates essential revenue that contributes to various not-for-profit organizations within the health system, addressing specific needs as they arise.
The gift shop not only serves a critical financial role but also enhances the wellbeing of the hospital's 1,113 associates by providing convenient access to everyday items such as stamps, cards, snacks, toys, and gifts. This dual function of revenue generation and community support helps strengthen the overall health system and fosters a sense of connection among staff and patients alike.
This information is meant to be a general summary of Frederick Ferris Thompson Hospital Guild. 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: $759
- Gross Receipts: $277,800
Assets and Liabilities:
- Total Assets: $359,973
- Total Liabilities: $2,054
- Net Assets: $357,919
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Organization Details
Founding Year
1904
Phone
(585) 396-6124Principal Officer
Louis Loy
Main Address
2562 STATE RT 21 N, CANANDAIGUA, NY, 144241731
NTEE Category
Code: E21 - Health
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