Overview
What is St Peter's Foundation?
St. Peter's Foundation is a philanthropic organization, established in 1981, serving as the charitable arm of St. Peter's Healthcare System. Based in New Brunswick, New Jersey, the foundation's primary mission is to support the tax-exempt purposes, programs, and services of St. Peter's University Hospital. This hospital provides medically necessary healthcare services to individuals, irrespective of race, color, creed, sex, national origin, or their ability to pay. The foundation cultivates and distributes resources to enhance the delivery of exceptional healthcare services, fostering a culture of philanthropy and raising awareness for its programs and initiatives. This encourages others to invest in quality healthcare for those they serve, aligning with their Catholic ministry and tradition of compassionate, holistic patient care.
Official website here: www.saintpetershcs.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
St. Peter's Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. Their outstanding score of 97% reflects a well-managed organization with strong governance practices and a majority of independent board members, which enhances transparency and ethical oversight. The foundation has demonstrated effective financial management, with a very low liabilities to assets ratio and a high program expense ratio, suggesting that most of their funds are allocated directly to their programs.
The foundation's financial practices are further highlighted by their excellent fundraising efficiency, where only $0.02 is spent in fundraising for each dollar raised. This efficiency, combined with their strong working capital ratio, indicates a solid financial position that can support long-term operations and impact. Their policies on conflict of interest, whistleblower protections, and document retention enhance their credibility and reliability.
However, while the foundation exhibits robust financial practices and governance, the summary does not provide detailed information about the specific programs or initiatives they support. This lack of programmatic detail may leave potential donors wanting more insight into the direct impact of their contributions. Overall, St. Peter's Foundation stands out as a highly credible nonprofit with a commitment to effective financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is St Peter's Foundation legitimate?
St Peter's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Peter's 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.saintpetershcs.com
What is the mission statement of St Peter's Foundation?
St. Peter's Foundation, established in 1981, serves as the philanthropic arm of St. Peter's Healthcare System. Drawing from its Catholic ministry and a long-standing tradition of compassionate and holistic patient care, the foundation aims to cultivate and distribute resources. This is done with the objective of enhancing the delivery of exceptional healthcare services. The foundation fosters a culture of philanthropy and raises awareness for its programs and initiatives by inspiring others to invest in quality healthcare for those they serve. The mission of St. Peter's Foundation is to support the charitable, tax-exempt purposes, programs, and services of St. Peter's Healthcare System, which provides medically necessary healthcare services to all individuals.
Official website here: www.saintpetershcs.com
Who is the CEO of St Peter's Foundation?
James S Choma is the Vp; Catholic Mission & Cdo of St Peter's Foundation.
Official website here: www.saintpetershcs.com
What is the revenue of St Peter's Foundation?
St Peter's Foundation's revenue in 2022 was $3,075,466.
Official website here: www.saintpetershcs.com
Who are the executives of St Peter's Foundation and what are their salaries?
There 11 volunteers at St Peter's Foundation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $1,739,763
- Other: $273,814
- Compensation: $0
- Related: $959,460
- Other: $103,875
- Compensation: $0
- Related: $686,686
- Other: $88,323
- Compensation: $0
- Related: $501,851
- Other: $68,040
- Compensation: $0
- Related: $0
- 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: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.saintpetershcs.com
Where can I find the form 990 for St Peter's Foundation?
St Peter's Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saintpetershcs.com
Learn more at the official website: www.saintpetershcs.com
Mission Statement of St Peter's Foundation
St. Peter's Foundation, established in 1981, serves as the philanthropic arm of St. Peter's Healthcare System. Building upon its Catholic ministry and a tradition of compassionate and holistic patient care, the foundation's mission is to cultivate and distribute resources. These resources are aimed at advancing the delivery of exceptional healthcare services. By nurturing a culture of philanthropy and raising awareness for their programs and initiatives, St. Peter's Foundation inspires others to invest in quality healthcare for those they serve. The foundation's goal is to support the charitable tax-exempt purposes, programs, and services of St. Peter's Healthcare System, which provides medically necessary healthcare services to all individuals.
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Impact
October, 2024
St. Peter's Foundation significantly impacts healthcare accessibility and quality in the New Brunswick area. By supporting the programs and services of St. Peter's Healthcare System, the Foundation ensures that medically necessary healthcare services are available to all individuals, regardless of their background or financial circumstances. Established in 1981, it builds on a long-standing tradition of compassionate patient care rooted in a Catholic ministry.
Through its philanthropic efforts, the Foundation cultivates and distributes vital resources that enhance healthcare services, fostering a culture of giving that inspires others to contribute to the well-being of the community. This dedication not only improves the quality of care for patients but also raises awareness about the importance of philanthropy in sustaining healthcare initiatives that serve everyone in need.
This information is meant to be a general summary of St Peter's 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: $102,407
- Gross Receipts: $3,404,875
Assets and Liabilities:
- Total Assets: $12,676,872
- Total Liabilities: $276,082
- Net Assets: $12,400,790
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Organization Details
Founding Year
1981
Phone
(732) 745-8542Principal Officer
James S Choma
Main Address
254 EASTON AVENUE, NEW BRUNSWICK, NJ, 08901
Website
www.saintpetershcs.comNTEE Category
Code: T30 - Philanthropy
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