Overview
What is Holy Cross Health Foundation Inc?
Holy Cross Health Foundation Inc, established in Silver Spring, Maryland on July 1, 2006, is a charitable organization dedicated to supporting the noble goals of Holy Cross Health and its subsidiaries. The foundation raises funds primarily through direct appeals to patients and donors, community events, grant submissions, capital campaigns, and planned giving initiatives, amassing over $2.2 million in fiscal year 2022. Its mission is to bolster the programs of Holy Cross Health and its affiliates, working hand in hand with Holy Cross Health and Trinity Health to serve their communities with compassion and healing.
Official website here: www.holycrosshealth.org/donate
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
Holy Cross Health Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. The organization scored 68% overall, reflecting strengths in governance and transparency, including a fully independent board and comprehensive policies such as a whistleblower policy and conflict of interest guidelines. However, the financial metrics reveal concerns, particularly with a high liabilities-to-assets ratio, which suggests potential financial challenges.
The foundation demonstrates good practices in accountability, earning full points for its audit and oversight committee and the proper listing of its website on tax forms. The governance structure is robust, with a high percentage of independent board members, which is a positive indicator of organizational integrity. However, the program expense ratio at 59.54% implies that a significant portion of its resources may not be directly supporting its programs, which could be a red flag for potential donors.
In summary, while Holy Cross Health Foundation Inc shows a commitment to transparency and ethical governance, the financial health indicators warrant closer scrutiny. Prospective supporters should consider these factors when evaluating the foundation's effectiveness and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Cross Health Foundation Inc legitimate?
Holy Cross Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Cross Health 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: $340,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,692
For more financial information, click here
Official website here: www.holycrosshealth.org/donate
What is the mission statement of Holy Cross Health Foundation Inc?
The Holy Cross Health Foundation Inc's mission is to support the programs of Holy Cross Health and its affiliates. In alignment with this, Holy Cross Health and Trinity Health, as a collective, serve their communities in the spirit of the gospel, acting as a compassionate and transforming healing presence. They carry out this mission by striving to be the most trusted provider of healthcare services. The Holy Cross Health Foundation is a part of Holy Cross Health (HCH) and Trinity Health, contributing to their shared goal of delivering healthcare services.
Official website here: www.holycrosshealth.org/donate
Who is the CEO of Holy Cross Health Foundation Inc?
Norvell Coots Md is the Director; Hch President And Ceo of Holy Cross Health Foundation Inc. The CEO's salary of Holy Cross Health Foundation Inc is $0 and their total compensation is $857,487.
Official website here: www.holycrosshealth.org/donate
What is the revenue of Holy Cross Health Foundation Inc?
Holy Cross Health Foundation Inc's revenue in 2022 was $2,760,092.
Official website here: www.holycrosshealth.org/donate
Who are the executives of Holy Cross Health Foundation Inc and what are their salaries?
There 10 volunteers at Holy Cross Health Foundation Inc.
Here are 16 key members and their salaries (Holy Cross Health Foundation Inc's CEO's salary is $0 and their total compensation is $857,487):
- Compensation: $0
- Related: $818,228
- Other: $39,259
- Compensation: $0
- Related: $364,688
- Other: $59,053
- Compensation: $0
- Related: $369,878
- Other: $42,977
- Compensation: $0
- Related: $323,462
- Other: $17,394
- Compensation: $0
- Related: $121,952
- Other: $20,986
- Compensation: $0
- Related: $111,014
- Other: $5,809
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.holycrosshealth.org/donate
Where can I find the form 990 for Holy Cross Health Foundation Inc?
Holy Cross Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holycrosshealth.org/donate
Learn more at the official website: www.holycrosshealth.org/donate
Mission Statement of Holy Cross Health Foundation Inc
Holy Cross Health Foundation Inc, a member of Holy Cross Health and Trinity Health, operates with a mission rooted in compassion and transformation. Their goal is to serve their communities in the spirit of the gospel, acting as a trusted provider of healthcare services. The Foundation's mission is twofold: it supports the programs of Holy Cross Health and its affiliates, and it embodies the commitment to be a healing presence within the communities they serve. Holy Cross Health Foundation Inc's work is guided by its dedication to upholding the highest standards of care, ensuring that every individual in its care is treated with respect and dignity.
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Impact
October, 2024
Holy Cross Health Foundation Inc significantly impacts the community by providing essential support for the programs of Holy Cross Health and its affiliates. Since its inception in 2006, the Foundation has raised over $2.2 million in fiscal year 2022 alone, facilitating crucial healthcare initiatives and services.
Through a combination of fundraising activities—such as direct appeals to patients, community events, grant submissions, capital campaigns, and planned giving initiatives—the Foundation cultivates a robust network of support that enhances healthcare accessibility and quality in Silver Spring, Maryland, and surrounding areas.
Its mission reflects a commitment to serve as a compassionate and transformative healing presence, ensuring that the community receives trusted healthcare services. By aligning with the broader goals of Holy Cross Health and Trinity Health, the Foundation contributes to improved health outcomes and supports vulnerable populations, embodying a comprehensive approach to community wellness and healthcare advancement.
This information is meant to be a general summary of Holy Cross Health 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 2022.
- Investment Income: $495,185
- Gross Receipts: $2,760,092
Assets and Liabilities:
- Total Assets: $14,507,174
- Total Liabilities: $11,528,161
- Net Assets: $2,979,013
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Organization Details
Founding Year
2006
Phone
(301) 754-7034Principal Officer
Norvell Coots Md
Main Address
1500 FOREST GLEN ROAD, SILVER SPRING, MD, 209101484
NTEE Category
Code: E11 - Health
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