Overview
What is Fairfield Medical Center Foundation?
Fairfield Medical Center Foundation is a charitable organization located in Lancaster, Ohio, with an address at 401 N Ewing Street. Their primary mission is to raise funds and manage contributions, which they then allocate as grants to aid Fairfield Medical Center in acquiring necessary items or implementing programs. One of their significant initiatives involves awarding scholarships to individuals pursuing higher education in the medical field. These scholarships are granted based on applications, evaluated by an independent committee. The ultimate goal of the Fairfield Medical Center Foundation is to contribute to the medical center's mission of delivering exceptional healthcare to patients, families, and the local communities.
Official website here: www.fmchealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Fairfield Medical Center Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid overall score based entirely on Accountability & Finance metrics. The foundation demonstrates a strong commitment to transparency and governance, evidenced by its entirely independent board and a lack of material diversion of assets. The organization also maintains effective financial health, with a program expense ratio indicating that a substantial portion of its resources are directed toward its charitable programs.
Strengths of the foundation include a robust governance structure, with 100% independent board members and comprehensive policies in place for conflict of interest and document retention. Financially, the organization showcases responsible management of assets, maintaining a low liability to asset ratio. These factors contribute positively to its operational integrity and public trust.
However, the charity is lacking a whistleblower policy, which could be an area for improvement to further enhance its accountability framework. While the absence of this policy does not significantly detract from its overall rating, addressing it could bolster stakeholder confidence in the foundation's commitment to ethical practices. Overall, the foundation stands out for its strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Fairfield Medical Center Foundation legitimate?
Fairfield Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairfield 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: $89,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,656
For more financial information, click here
Official website here: www.fmchealth.org
What is the mission statement of Fairfield Medical Center Foundation?
The Fairfield Medical Center Foundation's mission is centered around soliciting and managing contributions to provide grant assistance for the Fairfield Medical Center. This aid is utilized to support the medical center in delivering exceptional healthcare to their patients and their families, as well as the broader communities. The foundation achieves this by awarding various scholarships to individuals pursuing further education in the medical field, based on the merit of their applications reviewed by an independent scholarship committee.
Official website here: www.fmchealth.org
Who is the CEO of Fairfield Medical Center Foundation?
Tracy Kelly is the Chair of Fairfield Medical Center Foundation.
Official website here: www.fmchealth.org
What is the revenue of Fairfield Medical Center Foundation?
Fairfield Medical Center Foundation's revenue in 2022 was $956,684.
Official website here: www.fmchealth.org
Who are the executives of Fairfield Medical Center Foundation and what are their salaries?
There 110 volunteers at Fairfield Medical Center Foundation.
Here are 15 key members and their salaries:
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- Compensation: $75,660
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- Other: $13,725
Official website here: www.fmchealth.org
Where can I find the form 990 for Fairfield Medical Center Foundation?
Fairfield Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmchealth.org
Learn more at the official website: www.fmchealth.org
Mission Statement of Fairfield Medical Center Foundation
The Fairfield Medical Center Foundation's primary objective is to solicit and manage contributions, aiming to offer grant assistance to Fairfield Medical Center for necessary items or programs. This foundation plays a pivotal role in supporting the medical center's mission of delivering exceptional healthcare to their patients, families, and communities. To further their cause, the Fairfield Medical Center Foundation awards various scholarships through an independent scholarship committee to individuals pursuing further education in the medical field. These scholarships are granted based on the merit of the applications received. The foundation's mission is to contribute to the betterment of healthcare services and the education of future medical professionals.
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Impact
October, 2024
Fairfield Medical Center Foundation plays a crucial role in enhancing healthcare delivery in the community by soliciting and managing contributions that provide vital support to Fairfield Medical Center. Through these funds, the Foundation enables the acquisition of essential items and programs that improve patient care, ensuring that the medical center can continue to meet the needs of its patients and families.
Additionally, the Foundation awards scholarships to individuals pursuing further education in the medical field. These scholarships, assessed and granted by an independent committee, help cultivate the next generation of healthcare professionals, fostering a skilled workforce dedicated to serving the community. By alleviating some financial burdens, the Foundation empowers aspiring medical professionals to achieve their educational goals, ultimately benefiting the broader healthcare landscape in Lancaster, OH, and beyond. The impact of the Fairfield Medical Center Foundation resonates not just in immediate care improvements, but also in the long-term enhancement of community health through education and support for future healthcare providers.
This information is meant to be a general summary of Fairfield 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: $239,377
- Gross Receipts: $1,066,548
Assets and Liabilities:
- Total Assets: $3,310,541
- Total Liabilities: $37,841
- Net Assets: $3,272,700
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Organization Details
Founding Year
2007
Phone
(740) 687-8105Principal Officer
Tracy Kelly
Main Address
401 N EWING STREET, LANCASTER, OH, 43130
Website
www.fmchealth.orgNTEE Category
Code: T30 - Philanthropy
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