Overview
What is The Valley Hospital Foundation Inc?
The Valley Hospital Foundation Inc, a philanthropic organization based in Ridgewood, New Jersey, supports Valley Health System by securing charitable contributions from individuals, corporations, foundations, and other funding entities. The Foundation addresses the needs of Valley Health System in four areas: construction costs for the hospital in Paramus, capital and technological improvements, clinical and translational research, and endowments. Valley Health System is a regional healthcare provider serving residents in Northern New Jersey and Southern New York, offering specialized services in cardiology, oncology, women's and children's services, emergency care, orthopedics, and neurosciences. The Foundation manages donations and distributes them to Valley Health System for the hospital's construction, capital improvements, medical technology, biomedical research, education, endowments, and special projects. Additionally, funds raised for Valley Home Care and Valley Medical Group support their respective programs and initiatives.
Official website here: www.valleyhospitalfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Valley Hospital Foundation Inc has received a Four-Star rating from Charity Navigator, indicating a high level of transparency and financial health. The organization excels in accountability and finance, scoring 90% in this area, with notable strengths including a fully independent board and no material diversion of assets. Additionally, the foundation demonstrates strong fiscal management with low liabilities to assets and impressive program expense and fundraising efficiency ratios.
Strengths of the organization include a well-structured governance framework, evidenced by a 91% independent board and various policies that uphold accountability, such as conflict of interest and whistleblower policies. Furthermore, the foundation's adaptability and strategic leadership are rated exceptionally high, reflecting a capacity for effective decision-making and planning.
While the ratings are overwhelmingly positive, the organization remains focused on maintaining its strong financial practices and governance structures. Overall, The Valley Hospital Foundation is recognized for its effective stewardship of funds and commitment to accountability, making it a reputable choice for donors looking to support healthcare initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Valley Hospital Foundation Inc legitimate?
The Valley Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Valley 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: $0
Professional Fundraising Fees: $130,889
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.valleyhospitalfoundation.org
What is the mission statement of The Valley Hospital Foundation Inc?
The Valley Hospital Foundation Inc serves as the philanthropic arm of the Valley Health System. Its primary role is to collect charitable donations from individuals, corporations, foundations, and other funding entities. The organization manages these gifts and distributes them according to its charter. The funds raised for the hospital support various initiatives, including construction, capital improvements, medical technology, biomedical research, education, endowments, and special projects. For Valley Home Care, the funds contribute to programs such as hospice, Journeys, maternal child health, and endowments. Funds raised for Valley Medical Group are used to finance programs, capital improvements, medical technology, education, and special projects.
Official website here: www.valleyhospitalfoundation.org
Who is the CEO of The Valley Hospital Foundation Inc?
David Bohan is the Principal Officer of The Valley Hospital Foundation Inc.
Official website here: www.valleyhospitalfoundation.org
What is the revenue of The Valley Hospital Foundation Inc?
The Valley Hospital Foundation Inc's revenue in 2022 was $12,118,940.
Official website here: www.valleyhospitalfoundation.org
Who are the executives of The Valley Hospital Foundation Inc and what are their salaries?
There 73 volunteers at The Valley Hospital Foundation Inc.
Here are 27 key members and their salaries:
- 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: $1,046,121
- Other: $44,617
- 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: $3,974,039
- Other: $49,572
- 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
- Compensation: $0
- Related: $1,016,955
- Other: $57,305
- Compensation: $0
- Related: $582,103
- Other: $39,668
Official website here: www.valleyhospitalfoundation.org
Where can I find the form 990 for The Valley Hospital Foundation Inc?
The Valley Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleyhospitalfoundation.org
Learn more at the official website: www.valleyhospitalfoundation.org
Mission Statement of The Valley Hospital Foundation Inc
The Valley Hospital Foundation Inc, a philanthropic entity, plays a pivotal role in supporting the Valley Health System. Its primary objective is to elicit and manage charitable donations from individuals, corporations, foundations, and other funding entities. These gifts are then distributed in accordance with the Foundation's charter, with funds raised for the hospital contributing towards construction, capital improvements, medical technology, biomedical research, education, endowments, and special projects. Funds raised for Valley Home Care support the programs of the agency, encompassing hospice, Journeys, maternal child health, and endowments. Separately, funds raised for Valley Medical Group are allocated to programs, capital improvements, medical technology, education, and special projects. The Valley Hospital Foundation Inc serves as a crucial bridge between donors and the Valley Health System, enabling the organization to enhance its capabilities and better serve its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Valley Hospital Foundation Inc plays a crucial role in enhancing healthcare services in Northern New Jersey and Southern New York. Through the solicitation and management of philanthropic gifts, grants, and bequests, the foundation supports key initiatives for the Valley Health System, which includes the Valley Hospital, Valley Home Care, and Valley Medical Group.
By addressing critical needs such as construction costs for the Valley Hospital in Paramus, the foundation ensures that the facility remains equipped to serve the community effectively. Investments in capital and technological improvements enable the hospital to maintain state-of-the-art medical services across various specialties, including cardiology, oncology, and emergency care.
The foundation also emphasizes the importance of clinical and translational research, fostering advancements in medical knowledge that benefit patient care. Additionally, the establishment of endowments secures long-term funding for sustainability and growth in healthcare initiatives.
Overall, the impact of The Valley Hospital Foundation Inc is profound, enhancing medical care delivery, supporting vital health programs like hospice and maternal child health, and ensuring that the community has access to high-quality healthcare services.
This information is meant to be a general summary of The Valley 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: $1,032,413
- Gross Receipts: $16,524,816
Assets and Liabilities:
- Total Assets: $53,391,795
- Total Liabilities: $2,031,305
- Net Assets: $51,360,490
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(201) 291-6300Principal Officer
David Bohan
Main Address
223 NORTH VAN DIEN AVE, RIDGEWOOD, NJ, 07450
NTEE Category
Code: E22I - Health
If you are a representative of The Valley Hospital Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.