Overview
What is Centrastate Healthcare Foundation Inc?
Centrastate Healthcare Foundation Inc is a charitable organization based in Freehold, New Jersey, with a mission to support Centrastate Medical Center, a 501(c)(3) tax-exempt organization, and its affiliates. The foundation's primary role is to fund the charitable programs and services provided by Centrastate Medical Center and other Centrastate Healthcare System affiliates. This includes offering medically necessary healthcare services to individuals in a non-discriminatory manner, regardless of factors such as race, color, creed, sex, national origin, or ability to pay. The foundation's activities aim to support the wellbeing of the community by contributing to the overall healthcare system.
Official website here: www.centrastatefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Centrastate Healthcare Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 96%, the organization demonstrates a strong commitment to transparency and effective governance, evidenced by its majority independent board and rigorous financial oversight.
Strengths highlighted in the data include a solid program expense ratio of 71.81%, ensuring that a significant portion of its funds is directed toward mission-related activities. The foundation also excels in financial management, showcasing no material diversion of assets and a favorable liabilities-to-assets ratio of 3.30%. Additionally, the organization has implemented comprehensive policies, including conflict of interest and whistleblower protections, which bolster its integrity.
However, while the foundation displays strong operational metrics, its fundraising efficiency ratio of $0.24 may suggest room for improvement in how effectively it raises funds relative to its expenses. Overall, Centrastate Healthcare Foundation Inc is well-regarded for its accountability and financial practices but could benefit from enhancing its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Centrastate Healthcare Foundation Inc legitimate?
Centrastate Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centrastate Healthcare 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.centrastatefoundation.org
What is the mission statement of Centrastate Healthcare Foundation Inc?
Centrastate Healthcare Foundation Inc's mission is centered around supporting the charitable purposes, programs, and services of Centrastate Medical Center and its affiliated organizations. This non-profit organization, following the guidelines of Internal Revenue Code Section 501(C)(3), aims to provide medically necessary healthcare services to individuals in a non-discriminatory manner, irrespective of factors such as race, color, creed, sex, national origin, or ability to pay. The foundation's primary goal is to support Centrastate Medical Center Inc. and other Centrastate Healthcare System Inc. affiliates in their mission to deliver healthcare services to all individuals.
Official website here: www.centrastatefoundation.org
Who is the CEO of Centrastate Healthcare Foundation Inc?
Thomas W Scott Fache is the CEO of Centrastate Healthcare Foundation Inc The CEO's salary of Centrastate Healthcare Foundation Inc is $0 and their total compensation is $926,522.
Official website here: www.centrastatefoundation.org
What is the revenue of Centrastate Healthcare Foundation Inc?
Centrastate Healthcare Foundation Inc's revenue in 2023 was $8,576,515.
Official website here: www.centrastatefoundation.org
Who are the executives of Centrastate Healthcare Foundation Inc and what are their salaries?
There 26 volunteers at Centrastate Healthcare Foundation Inc.
Here are 26 key members and their salaries (Centrastate Healthcare Foundation Inc's CEO's salary is $0 and their total compensation is $926,522):
- Compensation: $0
- Related: $870,269
- Other: $56,253
- Compensation: $0
- Related: $602,968
- Other: $59,705
- Compensation: $0
- Related: $328,177
- Other: $29,294
- Compensation: $0
- Related: $292,541
- Other: $42,379
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Official website here: www.centrastatefoundation.org
Where can I find the form 990 for Centrastate Healthcare Foundation Inc?
Centrastate Healthcare Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centrastatefoundation.org
Learn more at the official website: www.centrastatefoundation.org
Mission Statement of Centrastate Healthcare Foundation Inc
Centrastate Healthcare Foundation Inc is committed to supporting the charitable purposes, programs, and services of Centrastate Medical Center, a related tax-exempt organization under Internal Revenue Code Section 501(c)(3). The foundation's mission extends to other affiliates of Centrastate Healthcare System Inc, which provides medically necessary healthcare services to individuals in a non-discriminatory manner, irrespective of factors such as race, color, creed, sex, national origin, or ability to pay. The Centrastate Healthcare Foundation Inc aims to contribute to the overarching goal of providing quality healthcare services to all, ensuring equitable access and care for all individuals.
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Impact
October, 2024
Centrastate Healthcare Foundation Inc significantly impacts the community by supporting the charitable programs and services of CentraState Medical Center and its affiliates. By ensuring that these healthcare institutions can provide medically necessary services, the foundation plays a vital role in fostering health equity. Its commitment to nondiscriminatory practices guarantees access to quality care for individuals regardless of their background or financial situation.
The foundation's activities include funding expenses that directly enhance the healthcare delivery system, thereby improving patient outcomes and expanding vital services. This support not only helps sustain essential medical resources but also promotes community wellness initiatives, ensuring that residents in Freehold, NJ, and surrounding areas receive comprehensive health services. Ultimately, Centrastate Healthcare Foundation Inc acts as a crucial catalyst for improving public health, contributing to the overall well-being of the community it serves.
This information is meant to be a general summary of Centrastate Healthcare 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 2023.
- Investment Income: $468,040
- Gross Receipts: $8,883,831
Assets and Liabilities:
- Total Assets: $18,325,479
- Total Liabilities: $605,021
- Net Assets: $17,720,458
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Organization Details
Founding Year
1981
Principal Officer
Nancy Barone
NTEE Category
Code: E22I - Health
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