Overview
What is St Vincent's Medical Center Foundation Inc?
St. Vincent's Medical Center Foundation Inc is a charitable organization, situated in an unspecified location. Its primary function is to raise funds, aiming to address financial gaps within St. Vincent's Health Services Corporation and its affiliated non-profit entities. The Foundation's mission is deeply rooted in helping the underprivileged and medically underserved communities, aligning with St. Vincent's historic commitment to service. Through its fundraising efforts, the Foundation supports various programs and services, contributing to the organization's overall mission and the quality of services it provides.
Official website here: www.stvincents.org/health-wellness/foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
St Vincent's Medical Center Foundation Inc has earned a Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The overall score of 81% reflects a comprehensive evaluation of their accountability and finance practices, which is a critical measure of a nonprofit's reliability and effectiveness in managing resources.
The organization has demonstrated robust financial responsibility, evidenced by a program expense ratio of nearly 90%, suggesting that a significant majority of its expenses are directed towards its mission-related programs rather than administrative costs. Additionally, the foundation has implemented key governance policies, such as conflict of interest and whistleblower policies, which contribute to its transparent operational practices.
However, while the financial indicators are positive, the rating is derived solely from the Accountability & Finance beacon, which means there are no insights available on other areas such as impact or results. This may limit a comprehensive understanding of the foundation's overall effectiveness in achieving its mission goals.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent's Medical Center Foundation Inc legitimate?
St Vincent's Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent's Medical Center 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.stvincents.org/health-wellness/foundation
What is the mission statement of St Vincent's Medical Center Foundation Inc?
The mission of St. Vincent's Medical Center Foundation Inc. is centered around raising funds to cater to the financial requirements of St. Vincent's Health Services Corporation. This non-profit organization strives to perpetuate financial support for various programs and services, aligning with the corporation's mission to serve the underprivileged and medically underserved populations. The Foundation's fundraising efforts are instrumental in meeting the corporation's unfunded needs and affirms the growing support for St. Vincent's due to its mission-driven programs and high-quality services in the region.
Official website here: www.stvincents.org/health-wellness/foundation
Who is the CEO of St Vincent's Medical Center Foundation Inc?
William Jennings is the Director & Chair of St Vincent's Medical Center Foundation Inc.
Official website here: www.stvincents.org/health-wellness/foundation
What is the revenue of St Vincent's Medical Center Foundation Inc?
St Vincent's Medical Center Foundation Inc's revenue in 2022 was $1,442,980.
Official website here: www.stvincents.org/health-wellness/foundation
Who are the executives of St Vincent's Medical Center Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $1,545,768
- Other: $208,345
- Compensation: $0
- Related: $1,182,916
- Other: $72,685
- Compensation: $0
- Related: $942,442
- Other: $82,964
- Compensation: $0
- Related: $425,715
- Other: $66,898
Official website here: www.stvincents.org/health-wellness/foundation
Where can I find the form 990 for St Vincent's Medical Center Foundation Inc?
St Vincent's Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stvincents.org/health-wellness/foundation
Learn more at the official website: www.stvincents.org/health-wellness/foundation
Mission Statement of St Vincent's Medical Center Foundation Inc
St. Vincent's Medical Center Foundation's mission is centered around raising funds to address the financial needs of St. Vincent's Health Services Corporation. This non-profit organization is committed to perpetuating financial support for the corporation's mission-driven programs and high-quality services, which primarily serve the underprivileged and medically underserved populations. By providing fundraising services, St. Vincent's Medical Center Foundation aims to help meet certain unfunded needs of the St. Vincent's Health Services Corp and its non-profit exempt affiliates. This mission-driven work has garnered increasing support in the region, reflecting the positive impact of their initiatives.
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Impact
October, 2024
St. Vincent’s Medical Center Foundation Inc has a significant impact on healthcare accessibility and quality in the Bridgeport, CT region. By raising essential funds, the Foundation supports the St. Vincent's Health Services Corporation in addressing critical financial needs that may not be covered by traditional funding sources. This financial backing enables the health services to continue their historic mission of serving vulnerable and medically underserved populations.
The Foundation's efforts contribute to the development and sustainability of vital programs and services, ensuring that healthcare remains accessible to those in need. The growing community support for St. Vincent's reflects the effectiveness of its mission-driven initiatives and the high quality of care provided. Through its fundraising services, the Foundation plays a crucial role in enhancing healthcare outcomes, fostering improved health and well-being in the community it serves.
This information is meant to be a general summary of St Vincent's Medical Center 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: $1,442,980
- Gross Receipts: $10,750,194
Assets and Liabilities:
- Total Assets: $37,176,667
- Total Liabilities: $6,420,638
- Net Assets: $30,756,029
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Organization Details
Founding Year
1984
Phone
(860) 696-6200Principal Officer
William Jennings
Main Address
2800 Main Street, Bridgeport, CT, 06606
NTEE Category
Code: E110 - Health
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