Overview
What is The Virginia Hospital Center Foundation?
The Virginia Hospital Center Foundation, a philanthropic arm with 11 employees, serves as a bridge between donors and the community, supporting Virginia Hospital Center's mission. In 2022, the Foundation raised funds that significantly contributed to expanding medical services, benefiting underserved communities. The VHC Health Pediatrics Center, for instance, catered to 4,593 children, and the Dewberry Cancer Resource Center assisted over 3,000 individuals. The Foundation also aided the VHC Health Outpatient Clinic, serving over 2,200 uninsured patients. Funds were allocated to health equity, providing essential medications to patients, and investing in clinical care and advanced medical technologies. A $5 million gift will support the expansion of outpatient Palliative Care services. Moreover, the Foundation supports the professional development of clinical staff, contributing to the hospital's Magnet-recognized status. In 2022, the Fund distributed $214,866 in nursing awards and scholarships, benefiting 31 nurses, and over $40,000 in scholarships, awards, and training.
Official website here: www.vhchealthfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Virginia Hospital Center Foundation has received a two-star rating from Charity Navigator, indicating that while the organization shows strengths in some areas, there are significant aspects that require attention. With an overall score of 61%, the foundation exhibits a solid culture and community score at 86% but struggles notably in accountability and finance, scoring only 56%. This reflects potential concerns regarding financial management and efficiency in resource allocation.
One of the organization’s strengths is its governance structure, with 83% of its board members being independent and a strong commitment to transparency through established policies such as conflict of interest and whistleblower protections. Additionally, the foundation excels in collecting and utilizing constituent feedback, receiving perfect scores in these areas, which highlights its responsiveness to community needs and engagement.
However, limitations are evident in the financial performance metrics, particularly the program expense ratio of only 27.82%, suggesting that a minimal portion of expenses is directed towards programs. The liabilities to assets ratio is also concerning at -7.04%, indicating potential financial instability. Moreover, the absence of the tax form on the nonprofit's website raises questions about transparency and accessibility of financial information. Overall, while the foundation shows promise in governance and community engagement, it needs to improve its financial practices to enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Virginia Hospital Center Foundation legitimate?
The Virginia Hospital Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Virginia Hospital Center 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: $475,173
Professional Fundraising Fees: $171,106
Other Salaries and Wages: $738,988
For more financial information, click here
Official website here: www.vhchealthfoundation.org/
What is the mission statement of The Virginia Hospital Center Foundation?
The Virginia Hospital Center Foundation serves as the philanthropic arm of Virginia Hospital Center, encouraging charitable giving to support the institution's tax-exempt purposes. Its primary objective is to boost patient care, research, and technological advancements to cater to the unique healthcare needs of diverse communities. In 2022, the Foundation's fundraising activities significantly contributed to the expansion of medical services, supporting various VHC Health entities serving underserved communities. The VHC Health Pediatrics Center provided care to over 4,500 children, while the Dewberry Cancer Resource Center assisted over 3,000 individuals and offered no-cost wigs and head coverings to 200 people. The Foundation also backed the VHC Health Outpatient Clinic, which provided critical services to uninsured patients. Additionally, funds were allocated to health access and equity, facilitating the provision of essential medications to patients. The Foundation has also invested in clinical care and advanced medical technologies, enhancing the quality of patient care.
Official website here: www.vhchealthfoundation.org/
Who is the CEO of The Virginia Hospital Center Foundation?
Unavailable The CEO's salary of The Virginia Hospital Center Foundation is $0 and their total compensation is $464,873.
Official website here: www.vhchealthfoundation.org/
What is the revenue of The Virginia Hospital Center Foundation?
The Virginia Hospital Center Foundation's revenue in 2022 was $1,184,072.
Official website here: www.vhchealthfoundation.org/
Who are the executives of The Virginia Hospital Center Foundation and what are their salaries?
The average compensation at The Virginia Hospital Center Foundation during 2022 was $110,378. There are 11 employees and 19 volunteers at The Virginia Hospital Center Foundation.
Here are 25 key members and their salaries (The Virginia Hospital Center Foundation's CEO's salary is $0 and their total compensation is $464,873):
- Compensation: $433,296
- Related: $0
- Other: $41,877
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600,005
- Other: $1,350
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $789,316
- Other: $36,470
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $662,372
- Other: $42,189
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $457,317
- Other: $7,556
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $114,873
- Related: $0
- Other: $10,934
- Compensation: $114,044
- Related: $0
- Other: $10,645
- Compensation: $114,431
- Related: $0
- Other: $27,681
- Compensation: $116,457
- Related: $0
- Other: $16,352
- Compensation: $143,768
- Related: $0
- Other: $7,656
Official website here: www.vhchealthfoundation.org/
Where can I find the form 990 for The Virginia Hospital Center Foundation?
The Virginia Hospital Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhchealthfoundation.org/
Learn more at the official website: www.vhchealthfoundation.org/
Mission Statement of The Virginia Hospital Center Foundation
The Virginia Hospital Center Foundation serves as the philanthropic arm of Virginia Hospital Center, inspiring charitable giving to support the tax-exempt purpose of the health system. Its mission is to connect donors and community members with opportunities to contribute to the enhancement of patient care, research, and technology, thereby enabling the health system to cater to the unique healthcare needs of the diverse communities it serves. By raising funds, the Foundation plays a crucial role in supporting various entities within VHC Health, such as the Pediatrics Center, Dewberry Cancer Resource Center, and the Outpatient Clinic, which serve underserved communities. The Foundation's contributions have also been instrumental in providing essential no-cost medications, investing in clinical care and advanced medical technologies, and supporting the professional development of clinical staff. Through initiatives like the Friends of Nursing Fund and Lifeline Assistance Fund, the Foundation has aided in achieving Magnet-recognized status, distributing nursing awards and scholarships, and providing emergency response services to those in need. Overall, the Virginia Hospital Center Foundation enhances the capacity of Virginia Hospital Center to deliver high-quality healthcare services to its community.
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Impact
October, 2024
The Virginia Hospital Center Foundation plays a pivotal role in enhancing healthcare delivery and access within the Arlington, VA community. By fostering connections between donors and healthcare initiatives, the Foundation has significantly advanced patient care, research, and technology at VHC Health.
In 2022, the Foundation's efforts resulted in crucial funding that expanded medical services across various departments. For instance, the VHC Health Pediatrics Center provided care to 4,593 children through over 17,400 clinical visits, partly enabled by donations from the community. The Dewberry Cancer Resource Center, bolstered by the Foundation’s support, assisted more than 3,000 individuals, offering no-cost wig and head coverings to 200 patients undergoing treatment.
The Foundation's contributions have been particularly impactful for underserved populations, as evidenced by the support provided to the VHC Health Outpatient Clinic, which served over 2,200 uninsured patients in 2022. Additionally, a commitment of over $150,000 to the Health Equity Fund facilitated access to essential medications for numerous patients in need.
Investment in advanced medical technologies, such as the installation of AngelEye Cameras in the neonatal intensive care unit and innovative imaging systems for radiation oncology, underscores the Foundation’s commitment to improving clinical outcomes. Furthermore, a notable $5 million gift is earmarked for expanding outpatient Palliative Care services, enhancing quality of life for patients facing serious illnesses.
The Foundation also prioritizes the professional development of clinical staff. Through the Friends of Nursing Fund, it aided in distributing $214,866 in scholarships and awards to 31 nurses, contributing to Virginia Hospital Center's achievement of Magnet-recognized status. Similarly, the Friends of Healthcare initiative provided over $40,000 in various scholarships and awards, while supporting services like the Lifeline Assistance Fund, which ensures access to emergency response for 77 individuals.
Overall, the Virginia Hospital Center Foundation remarkably transforms healthcare access and quality in the community, addressing diverse needs and fostering a culture of giving that supports the best possible outcomes for patients.
This information is meant to be a general summary of The Virginia Hospital Center 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.
- Gross Receipts: $1,184,072
Assets and Liabilities:
- Total Assets: $3,444,894
- Total Liabilities: -$242,269
- Net Assets: $3,687,163
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Organization Details
Founding Year
2007
Phone
(703) 558-5562Main Address
1701 North George Mason Drive, Arlington, VA, 22205
Website
www.vhchealthfoundation.org/NTEE Category
Code: E112 - Health
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