Overview
What is Mercy Hospital Foundation Inc?
Mercy Hospital Foundation Inc, based in Buffalo, New York, is a charitable, not-for-profit organization with a 501(C) 3 status. Its primary purpose is to raise funds and manage resources, aiming to enhance, improve, and promote the healthcare services provided by Mercy Hospital of Buffalo and Father Baker Manor, a long-term care facility. The foundation plays a crucial role in facilitating capital renovations and purchasing advanced medical equipment, ensuring that Mercy Hospital's clinical caregivers work in modern facilities equipped with state-of-the-art technology. With a dedicated workforce of one individual, Mercy Hospital Foundation Inc contributes to the betterment of healthcare services in the Buffalo area.
Official website here: www.chsbuffalo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Mercy Hospital Foundation Inc has achieved a 79% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating is derived entirely from a single beacon score focused on fiscal responsibility, highlighting the organization's commitment to transparency and governance.
The foundation boasts a strong independent board, with 69% of members being independent. Their financial oversight is commendable, evidenced by a well-audited financial statement and the absence of material diversion of assets. They have implemented comprehensive policies, including conflict of interest and whistleblower policies, which contribute to a trustworthy organizational framework.
However, the organization's program expense ratio is relatively low at 56.52%, indicating that a smaller portion of its expenses is directed towards programs compared to administrative costs. This may raise questions about the efficiency of resource allocation, despite their solid financial practices. Overall, while the foundation is well-managed, there is room for improvement in maximizing its programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Hospital Foundation Inc legitimate?
Mercy Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Hospital 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: $144,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,653
For more financial information, click here
Official website here: www.chsbuffalo.org
What is the mission statement of Mercy Hospital Foundation Inc?
The Mercy Hospital Foundation Inc, as a charitable, not-for-profit organization, is dedicated to raising new funds and managing resources. Its primary objective is to support, enhance, and promote the care and services provided by Mercy Hospital of Buffalo and WNY Catholic Long-Term Care Inc., doing business as Father Baker Manor. The foundation provides funds for capital renovations and equipment purchases to ensure that clinical caregivers have access to modern facilities and advanced technology. By doing so, the Mercy Hospital Foundation Inc aims to contribute to the improvement and advancement of healthcare services, ultimately benefiting the patients and community they serve.
Official website here: www.chsbuffalo.org
Who is the CEO of Mercy Hospital Foundation Inc?
Richard Serra is the Chairman of Mercy Hospital Foundation Inc. The CEO's salary of Mercy Hospital Foundation Inc is $0 and their total compensation is $1,340,049.
Official website here: www.chsbuffalo.org
What is the revenue of Mercy Hospital Foundation Inc?
Mercy Hospital Foundation Inc's revenue in 2022 was $1,064,411.
Official website here: www.chsbuffalo.org
Who are the executives of Mercy Hospital Foundation Inc and what are their salaries?
The average compensation at Mercy Hospital Foundation Inc during 2022 was $265,752. There is 1 employee at Mercy Hospital Foundation Inc.
Here are 22 key members and their salaries (Mercy Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $1,340,049):
- Compensation: $0
- Related: $1,314,161
- Other: $25,888
- Compensation: $0
- Related: $221,984
- Other: $42,814
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $94,295
- Related: $0
- Other: $20,807
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $540,613
- Other: $10,178
- Compensation: $0
- Related: $335,523
- Other: $13,771
Official website here: www.chsbuffalo.org
Where can I find the form 990 for Mercy Hospital Foundation Inc?
Mercy Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chsbuffalo.org
Learn more at the official website: www.chsbuffalo.org
Mission Statement of Mercy Hospital Foundation Inc
Mercy Hospital Foundation Inc, as a charitable and not-for-profit organization, is dedicated to raising new funds and managing resources to support, enhance, and promote the care and services provided by Mercy Hospital of Buffalo and Father Baker Manor, a long-term care facility. The foundation's primary objective is to ensure that the clinical caregivers at these facilities have access to modern facilities and advanced technology, which in turn, improves the overall quality of care provided to the patients. By funding capital renovations and equipment purchases, Mercy Hospital Foundation Inc plays a crucial role in enabling these healthcare institutions to maintain and upgrade their facilities, thereby ensuring they can continue to deliver high-quality healthcare services.
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Impact
October, 2024
Mercy Hospital Foundation Inc significantly enhances healthcare services within the Buffalo area by raising and managing funds dedicated to supporting and improving local medical care. It plays a critical role in financing capital renovations and the acquisition of advanced medical equipment, ensuring that clinical caregivers at Mercy Hospital have access to modern facilities and cutting-edge technology. This commitment not only improves patient care but also promotes a higher standard of health services in the community, benefiting both patients and healthcare professionals alike.
By focusing on the well-being of patients and the needs of healthcare workers, the Foundation helps maintain and elevate the quality of services provided by Mercy Hospital and Father Baker Manor. Its efforts contribute to a healthier community, fostering an environment where patients receive the best possible care, thus making a lasting impact on public health in Western New York.
This information is meant to be a general summary of Mercy Hospital 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: $34,180
- Gross Receipts: $1,846,329
Assets and Liabilities:
- Total Assets: $3,091,529
- Total Liabilities: $70,608
- Net Assets: $3,020,921
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Organization Details
Founding Year
1978
Phone
(716) 923-2968Principal Officer
Richard Serra
Main Address
144 GENESEE STREET, BUFFALO, NY, 14203
Website
www.chsbuffalo.orgNTEE Category
Code: T70Z - Philanthropy
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