Overview
What is Bon Secours Mercy Health Foundation?
The Bon Secours Mercy Health Foundation is a charitable organization based in Cincinnati, Ohio, with an address at 1701 Mercy Health Place, 45237. Their primary mission is to support Bon Secours Mercy Health by encouraging philanthropic giving and effectively managing grant resources. Through grants, they aim to address the healthcare needs of underserved and poor individuals, allocating a substantial sum of $71,721,258 during 2022. The foundation's activities are focused on implementing charitable and educational initiatives in accordance with Bon Secours Mercy Health's mission. The foundation currently employs 75 individuals in its operations.
Official website here: www.bsmhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Bon Secours Mercy Health Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 95% in this domain, indicating a high level of transparency and effective management of funds. Notably, the foundation has a majority of independent board members, contributing to its governance strength.
The foundation's financial health is robust, with an impressive program expense ratio of 80.59%, ensuring that a significant portion of its expenses is directed towards its mission. The fundraising efficiency is also commendable at $0.17 per dollar raised, showcasing effective resource utilization. The organization's practices around financial oversight, including the absence of material asset diversion and a well-structured audit and oversight committee, further bolster its credibility.
While the foundation demonstrates strong governance and financial health, it is essential for potential donors to consider its overall impact on the community served. Continuous evaluation of program outcomes and broader engagement strategies could enhance its effectiveness and visibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bon Secours Mercy Health Foundation legitimate?
Bon Secours Mercy Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bon Secours Mercy Health Foundation 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: $552,472
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,384,508
For more financial information, click here
Official website here: www.bsmhealth.org
What is the mission statement of Bon Secours Mercy Health Foundation?
The Bon Secours Mercy Health Foundation is dedicated to supporting the operations of Bon Secours Mercy Health by encouraging charitable giving and managing gift resources effectively. Its mission is to carry out the charitable purposes of Bon Secours Mercy Health by providing grants to programs that align with its mission. In 2022, the foundation granted $71.7 million to programs addressing the healthcare needs of underserved and poor individuals. Through these grants, the foundation contributes to the provision of essential healthcare services and advances the organization's commitment to serving those in need.
Official website here: www.bsmhealth.org
Who is the CEO of Bon Secours Mercy Health Foundation?
Unavailable
Official website here: www.bsmhealth.org
What is the revenue of Bon Secours Mercy Health Foundation?
Bon Secours Mercy Health Foundation's revenue in 2022 was $63,081,435.
Official website here: www.bsmhealth.org
Who are the executives of Bon Secours Mercy Health Foundation and what are their salaries?
The average compensation at Bon Secours Mercy Health Foundation during 2022 was $132,493. There are 75 employees and 300 volunteers at Bon Secours Mercy Health Foundation.
Here are 25 key members and their salaries:
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- Compensation: $516,889
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- Other: $35,583
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- Related: $1,998,889
- Other: $437,417
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- Compensation: $236,031
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- Compensation: $254,798
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- Other: $27,099
- Compensation: $257,627
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- Other: $49,718
- Compensation: $285,781
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- Other: $31,094
- Compensation: $272,202
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- Other: $24,904
- Compensation: $212,050
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- Other: $17,417
- Compensation: $231,453
- Related: $0
- Other: $35,896
- Compensation: $0
- Related: $150,022
- Other: $19,098
- Compensation: $0
- Related: $748,117
- Other: $126,427
Official website here: www.bsmhealth.org
Where can I find the form 990 for Bon Secours Mercy Health Foundation?
Bon Secours Mercy Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bsmhealth.org
Learn more at the official website: www.bsmhealth.org
Mission Statement of Bon Secours Mercy Health Foundation
Bon Secours Mercy Health Foundation is a charitable organization dedicated to supporting the operations of Bon Secours Mercy Health by encouraging philanthropic giving and effectively managing gift resources. In alignment with its mission, the Foundation granted a substantial sum of $71,721,258 in 2022 to various programs addressing the healthcare needs of underprivileged individuals.
The Bon Secours Mercy Health Foundation plays a pivotal role in carrying out the charitable and educational purposes of Bon Secours Mercy Health. By providing grants to programs that align with its mission, the Foundation extends its reach and impact in the healthcare sector. The Foundation's mission is geared towards improving access to healthcare for impoverished communities, ensuring that those in need receive essential medical services.
The Foundation's grant-making activities have a significant and positive impact on the community. With the resources provided, programs can expand their reach, enhance their offerings, and ultimately, make a difference in the lives of those they serve. The Foundation's commitment to supporting underprivileged communities has proven to be a vital force in addressing the healthcare disparities that exist. Through its charitable giving and effective management of gift resources, Bon Secours Mercy Health Foundation continues to make a meaningful difference in the lives of countless individuals.
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Impact
October, 2024
Bon Secours Mercy Health Foundation significantly impacts community health by channeling funds into vital programs that serve the needs of vulnerable populations. In 2022, the foundation awarded over $71.7 million in grants to initiatives designed to address the healthcare requirements of those who are poor and underserved. This funding is critical in supporting projects that improve access to care, enhance health outcomes, and promote well-being among marginalized groups. Located in Cincinnati, Ohio, the foundation is dedicated to furthering its mission by fostering charitable giving and responsibly managing donated resources, all aimed at improving community health and addressing inequality in healthcare access.
This information is meant to be a general summary of Bon Secours Mercy Health Foundation. 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: $9,396,043
- Gross Receipts: $65,159,369
Assets and Liabilities:
- Total Assets: $348,615,696
- Total Liabilities: $6,452,112
- Net Assets: $342,163,584
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Organization Details
Founding Year
2004
Phone
(513) 952-5000Main Address
1701 Mercy Health Place, Cincinnati, OH, 45237
Website
www.bsmhealth.orgNTEE Category
Code: X12 - Religion related
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