Overview
What is Swedish Covenant Hospital Foundation?
Swedish Covenant Hospital Foundation is a dedicated nonprofit organization, established to support Swedish Covenant Hospital. Its primary mission is to foster the hospital's objectives through charitable contributions and fundraising efforts. Aligned with NorthShore University HealthSystem's mission to enhance the well-being of their communities, Swedish Covenant Hospital Foundation works tirelessly to raise funds and contribute to the hospital's overall growth and development.
Official website here: www.swedishcovenantfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (45%)
Swedish Covenant Hospital Foundation received a low rating of 45% from Charity Navigator, primarily due to its poor performance in program expenses and fundraising efficiency. While the organization excels in governance aspects, such as having a majority independent board and strong financial oversight, these strengths are overshadowed by significant shortcomings in financial ratios, which contribute directly to the overall score.
The foundation's financial management shows concerning ratios, with a program expense ratio of only 40.36% and a fundraising efficiency ratio of $0.03. These indicators suggest that a large portion of its budget may not be directed towards its intended programs, raising questions about the effectiveness of its operational strategies. Additionally, the organization's long-term liabilities compared to its assets ratio is alarmingly high at 4.90%, indicating potential financial instability.
While Swedish Covenant Hospital Foundation has implemented various policies to promote transparency and ethical practices, the absence of its tax form on the nonprofit's website is a notable gap. Overall, despite having some strong governance practices, the foundation's financial metrics and lack of effective program delivery are significant limitations that impact its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Swedish Covenant Hospital Foundation legitimate?
Swedish Covenant Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swedish Covenant Hospital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $356,189
For more financial information, click here
Official website here: www.swedishcovenantfoundation.org
What is the mission statement of Swedish Covenant Hospital Foundation?
The Swedish Covenant Hospital Foundation adheres to the mission of NorthShore University HealthSystem, which is to improve the well-being of people in their communities. In line with this, the foundation's primary role is to support Swedish Covenant Hospital. It accomplishes this by engaging in philanthropic and fundraising activities, with the aim of furthering the objectives of the hospital. By doing so, the foundation contributes to the betterment of health services and care within its scope.
Official website here: www.swedishcovenantfoundation.org
Who is the CEO of Swedish Covenant Hospital Foundation?
Unavailable The CEO's salary of Swedish Covenant Hospital Foundation is $0 and their total compensation is $815,490.
Official website here: www.swedishcovenantfoundation.org
What is the revenue of Swedish Covenant Hospital Foundation?
Swedish Covenant Hospital Foundation's revenue in 2022 was $2,946,653.
Official website here: www.swedishcovenantfoundation.org
Who are the executives of Swedish Covenant Hospital Foundation and what are their salaries?
There 10 volunteers at Swedish Covenant Hospital Foundation.
Here are 19 key members and their salaries (Swedish Covenant Hospital Foundation's CEO's salary is $0 and their total compensation is $815,490):
- Compensation: $0
- Related: $576,032
- Other: $239,458
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $216,470
- Other: $23,992
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $460,984
- Other: $161,296
- Compensation: $0
- Related: $145,800
- Other: $8,762
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $21,504
- Other: $1,290
- Compensation: $0
- Related: $739,154
- Other: $30,029
- 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: $1,217,510
- Other: $425,841
- Compensation: $0
- Related: $187,166
- Other: $22,416
- Compensation: $0
- Related: $249,876
- Other: $19,985
Official website here: www.swedishcovenantfoundation.org
Where can I find the form 990 for Swedish Covenant Hospital Foundation?
Swedish Covenant Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swedishcovenantfoundation.org
Learn more at the official website: www.swedishcovenantfoundation.org
Mission Statement of Swedish Covenant Hospital Foundation
Swedish Covenant Hospital Foundation is committed to upholding the mission of NorthShore University HealthSystem, which is to help everyone in their communities reach their full potential. Specifically, the Foundation's mission is to support Swedish Covenant Hospital by carrying out its purposes through philanthropic and fundraising activities. In essence, the Foundation's role is to raise funds to aid and enhance the operations of Swedish Covenant Hospital, thereby contributing to the betterment of the community at large.
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Impact
October, 2024
Swedish Covenant Hospital Foundation significantly impacts the community by enhancing healthcare services and ensuring accessibility for all residents. By supporting Swedish Covenant Hospital through philanthropic initiatives and fundraising activities, the Foundation enables the hospital to expand its resources and improve patient care. This commitment aligns with the broader mission of NorthShore University HealthSystem to empower individuals in the community to achieve their best health. Through its efforts, the Foundation plays a crucial role in fostering a healthier community in Chicago, ultimately enhancing the quality of life for its residents.
This information is meant to be a general summary of Swedish Covenant Hospital 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: $1,884,672
- Gross Receipts: $3,165,950
Assets and Liabilities:
- Total Assets: $58,718,482
- Total Liabilities: $2,882,367
- Net Assets: $55,836,115
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Organization Details
Founding Year
2006
Phone
(773) 878-8200Main Address
5145 N California Avenue, Chicago, IL, 60625
NTEE Category
Code: E11 - Health
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