Overview
What is Newport Hospital Foundation?
Newport Hospital Foundation, based at 11 Friendship Street, Newport, Rhode Island 02840, is a nonprofit organization dedicated to fundraising for comprehensive and integrated health care services in the local community. Its mission is to advance and improve the well-being of the area, aligning with the objectives of Newport Hospital. In fiscal year 2022, the foundation transferred $5,810,200 from its unrestricted net assets to support the operating activities of NHCC Medical Associates, Inc. The organization's activities extend to coordinating efforts for the betterment of health care services in the southern Rhode Island community.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Newport Hospital Foundation has achieved an impressive 96% rating from Charity Navigator, reflecting strong accountability and financial health. The rating is solely based on the organization's financial metrics, which indicate robust governance practices and responsible management of resources. With a focus on accountability, the foundation demonstrates a commitment to transparency and ethical operations.
One of the foundation's notable strengths is its independent board, composed of 92% independent members, ensuring a diverse and impartial decision-making process. Additionally, the financial oversight is highlighted by the presence of a dedicated Audit and Oversight Committee, which received a perfect score in evaluating their fiscal management practices. The foundation also maintains policies for conflict of interest, whistleblowing, and document retention, further enhancing its credibility.
Despite the strong performance metrics, the data primarily emphasizes financial accountability, and while this is crucial, potential donors may want to explore the foundation's programmatic impact in further detail. However, the high program expense ratio of 88.12% suggests that a significant portion of its resources is directed towards its mission-oriented activities. Overall, the foundation appears to be a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Newport Hospital Foundation legitimate?
Newport Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport Hospital 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.none
What is the mission statement of Newport Hospital Foundation?
The Newport Hospital Foundation (NHF) is dedicated to facilitating fundraising efforts for the advancement of comprehensive, integrated health care services. This is done with the aim of improving the well-being of the community, aligning with the objectives of Newport Hospital. The foundation's mission involves supporting and encouraging the development of these health care services, contributing to their overall enhancement. This is carried out in accordance with the purposes of Newport Hospital, as outlined in Schedule O. During fiscal year 2022, the foundation transferred a significant amount of funds from its unrestricted assets to NHCC Medical Associates, Inc., to support their operational activities.
Official website here: www.none
Who is the CEO of Newport Hospital Foundation?
Crista F Durand is the President of Newport Hospital Foundation.
Official website here: www.none
What is the revenue of Newport Hospital Foundation?
Newport Hospital Foundation's revenue in 2022 was $553,718.
Official website here: www.none
Who are the executives of Newport Hospital Foundation and what are their salaries?
There 100 volunteers at Newport Hospital Foundation.
Here are 28 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Newport Hospital Foundation
The Newport Hospital Foundation, abbreviated as NHF, is an organization dedicated to spearheading fundraising initiatives that bolster comprehensive integrated health care services. This is done with the aim of enhancing the health and well-being of the broader community, aligning with the objectives of Newport Hospital. NHF plays a crucial role in encouraging and coordinating the growth of health care-related services, furthering the broader aims of Newport Hospital. During the fiscal year 2022, NHF transferred a significant sum of $5,810,200 from its unrestricted net assets to NHCC Medical Associates, Inc., to support their operational activities. This financial contribution underscores the foundation's commitment to contributing to the advancement of health care services in the community.
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Impact
July, 2024
Newport Hospital Foundation's impact is significant in supporting comprehensive integrated health care services for the advancement and well-being of the southern Rhode Island community. Through its fundraising efforts, it has facilitated the transfer of $5,810,200 to NHCC Medical Associates, Inc. During fiscal year 2022, this support has helped enhance the operating activities of Newport Hospital, ultimately benefitting the community's health and well-being.
This information is meant to be a general summary of Newport Hospital 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: -$2,517,410
- Gross Receipts: $51,487,285
Assets and Liabilities:
- Total Assets: $110,508,543
- Total Liabilities: $185,769
- Net Assets: $110,322,774
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Organization Details
Founding Year
1983
Phone
(401) 846-6400Principal Officer
Crista F Durand
Main Address
11 Friendship Street, Newport, RI, 02840
Website
www.noneNTEE Category
Code: E122 - Health
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