Overview
What is Lutheran Medical Center Foundation?
The Lutheran Medical Center Foundation is a 501(c)3 nonprofit organization located in Wheat Ridge, Colorado. Established in 2007, its primary mission is to support exceptional patient care and innovative medical advancements at Lutheran Medical Center. Through donations from corporations, foundations, individuals, and other sources, the foundation contributes to the community's healthcare needs by funding the construction of state-of-the-art facilities, developing innovative care models, and ensuring all patients have access to world-class care and an exceptional patient experience. The foundation's initiatives have positively impacted Lutheran Medical Center and its affiliated services, including Lutheran Hospice at Collier Hospice Center and West Pines Behavioral Health. Since merging with Intermountain Health Care, Lutheran Medical Center has benefited from best practices, resources, technology, talent, and strategic capital, enabling it to provide high-quality, accessible, and affordable healthcare to communities in multiple states. In 2022, the foundation supported various initiatives, such as the Legacy Continues campaign, palliative care and hospice programs, substance abuse treatment, nurse recovery assistance, and humanitarian funds for vulnerable patients.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Lutheran Medical Center Foundation has earned a remarkable Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. With a score of 97% in the Accountability & Finance category, the organization demonstrates its commitment to transparency and responsible financial management. This rating reflects the foundation's effective governance structure, with a fully independent board and comprehensive oversight practices.
Organizational strengths are evident through various metrics, including a 74.69% program expense ratio, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the foundation has a strong fundraising efficiency ratio, spending only $0.04 to raise each dollar. These metrics suggest that the organization is not only efficient in its operations but also effective in fulfilling its mission.
While the foundation showcases strong financial practices, there are no noted limitations or concerns in the gathered data. Overall, Lutheran Medical Center Foundation stands out as a well-managed organization dedicated to its mission, making it a trustworthy choice for potential donors looking to support a nonprofit with proven accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Medical Center Foundation legitimate?
Lutheran Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Medical 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: $212,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,206
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Lutheran Medical Center Foundation?
The Lutheran Medical Center Foundation's mission is to reveal and foster God's healing love by improving the health of vulnerable individuals and communities. They achieve this by supporting excellent patient care and innovative ideas in medicine at Lutheran Medical Center, through the generosity of various donors. The foundation assists in meeting the changing healthcare needs of the community by funding the construction of state-of-the-art facilities, developing innovative care models, and ensuring access to world-class care for all patients. The foundation's activities enhance the quality of healthcare provided by Lutheran Medical Center's staff, enabling them to exceed patient expectations. Established in 2007, the Lutheran Medical Center Foundation has positively impacted Lutheran Medical Center and its affiliated services, including Lutheran Hospice and Collier Hospice Center. The foundation has disbursed funds for critical care equipment, staff education and development, compassionate end-of-life care, and patient care enhancement.
Official website here: www.see schedule o
Who is the CEO of Lutheran Medical Center Foundation?
Katherine Repola is the Director of Lutheran Medical Center Foundation.
Official website here: www.see schedule o
What is the revenue of Lutheran Medical Center Foundation?
Lutheran Medical Center Foundation's revenue in 2022 was $6,803,397.
Official website here: www.see schedule o
Who are the executives of Lutheran Medical Center Foundation and what are their salaries?
There 24 volunteers at Lutheran Medical Center Foundation.
Here are 14 key members and their salaries:
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- Related: $1,113,263
- Other: $468,497
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- Other: $43,928
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Official website here: www.see schedule o
Where can I find the form 990 for Lutheran Medical Center Foundation?
Lutheran Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Lutheran Medical Center Foundation
Lutheran Medical Center Foundation, a 501(c)3 organization, is dedicated to revealing and fostering God's healing love by improving the health of the people and communities they serve, with a particular focus on those who are poor and vulnerable. The foundation's mission is achieved through the generosity of various donors, including corporations, foundations, and individuals. They support Excellent patient care and innovative new ideas in medicine at Lutheran Medical Center by assisting with the building of state-of-the-art facilities, developing innovative care models, and ensuring that all patients have access to world-class care and an exceptional patient experience. By enabling Lutheran Medical Center's staff to exceed the expectations of the people they serve, the foundation turns good healthcare into exceptional healthcare. Established in 2007, Lutheran Medical Center Foundation has positively impacted Lutheran Medical Center and its affiliated services, including Lutheran Hospice at Collier Hospice Center and West Pines Behavioral Health. The foundation has disbursed funds for critical care equipment, staff education and leadership opportunities, compassionate end-of-life care, and enhancing the overall best care of patients at Lutheran Medical Center.
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Impact
October, 2024
Lutheran Medical Center Foundation significantly enhances the health and well-being of individuals and communities, particularly those who are poor and vulnerable. Through generous contributions from donors, the foundation supports critical initiatives at Lutheran Medical Center, ensuring that exceptional patient care is accessible to all.
By providing funding for state-of-the-art equipment, the foundation elevates the capabilities of healthcare professionals and improves patient experiences. It underpins innovative care models and supports essential programs, including palliative care and substance abuse treatment, which address the unique needs of patients and their families.
The foundation plays a vital role in staff development through educational opportunities and leadership training, fostering a culture of excellence among caregivers. In addition, it responds to community health challenges with humanitarian funds that provide basic necessities like prescriptions and food for the most vulnerable patients.
The Legacy Continues Campaign exemplifies the commitment to ongoing healthcare advancements, successfully raising funds for the replacement of Lutheran Medical Center's facilities. This initiative, along with support for cancer programs and recovery assistance for mothers struggling with substance abuse, showcases the foundation’s dedication to holistic care and community support.
Overall, the impact of Lutheran Medical Center Foundation is profound, transforming healthcare delivery in Wheat Ridge, CO, and beyond, while actively promoting comprehensive, compassionate care for all members of the community.
This information is meant to be a general summary of Lutheran Medical 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.
- Investment Income: $247,210
- Gross Receipts: $6,905,666
Assets and Liabilities:
- Total Assets: $19,172,663
- Total Liabilities: $180,630
- Net Assets: $18,992,033
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Organization Details
Founding Year
2007
Phone
(801) 842-7851Principal Officer
Katherine Repola
Main Address
8300 WEST 38TH AVENUE, WHEAT RIDGE, CO, 80033
Website
www.see schedule oNTEE Category
Code: E11 - Health
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