Overview
What is Bayhealth Foundation Corporation?
Bayhealth Foundation Corporation is a charitable organization situated in Dover, Delaware, with an address at 640 South State Street. Its primary mission is to collect funds for the betterment of the community hospitals affiliated with Bayhealth Medical Center, Inc., a non-profit hospital corporation. By raising funds, the foundation aims to contribute to the enhancement and improvement of these hospitals, thereby serving the local community.
Official website here: www.bayhealthfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Bayhealth Foundation Corporation has earned a Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 81%. This rating signifies that the organization demonstrates a solid level of transparency and financial stewardship, which are crucial for donor trust and effective nonprofit operations.
The foundation excels in several key areas, including having a fully independent board with 13 members, a lack of material diversion of assets, and comprehensive policies for conflict of interest, whistleblower protections, and document retention. These strengths highlight the organization’s commitment to governance and ethical practices, ensuring that funds are directed effectively towards its mission.
However, it's important to note that while the foundation has a strong program expense ratio of over 71%, the overall rating is entirely derived from financial performance without evaluation of other potential impact metrics. This could indicate a limitation in how comprehensive the assessment is regarding the foundation's overall effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Bayhealth Foundation Corporation legitimate?
Bayhealth Foundation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayhealth Foundation Corporation 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: $432,551
Professional Fundraising Fees: $7,736
Other Salaries and Wages: $233,531
For more financial information, click here
Official website here: www.bayhealthfoundation.org
What is the mission statement of Bayhealth Foundation Corporation?
The Bayhealth Foundation Corporation's mission is centered around raising funds for the benefit of the community hospitals that are affiliated with Bayhealth Medical Center, Inc. This not-for-profit organization works diligently to support the financial needs of these hospitals, contributing to their overall operations and wellbeing. By doing so, the foundation aims to contribute positively to the healthcare infrastructure of the community, ultimately enhancing the healthcare services available to the local population.
Official website here: www.bayhealthfoundation.org
Who is the CEO of Bayhealth Foundation Corporation?
Lindsay Rhodenbaugh is the President of Bayhealth Foundation Corporation.
Official website here: www.bayhealthfoundation.org
What is the revenue of Bayhealth Foundation Corporation?
Bayhealth Foundation Corporation's revenue in 2022 was $2,249,310.
Official website here: www.bayhealthfoundation.org
Who are the executives of Bayhealth Foundation Corporation and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.bayhealthfoundation.org
Where can I find the form 990 for Bayhealth Foundation Corporation?
Bayhealth Foundation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayhealthfoundation.org
Learn more at the official website: www.bayhealthfoundation.org
Mission Statement of Bayhealth Foundation Corporation
Bayhealth Foundation Corporation, a notable non-profit entity, is committed to raising funds for the advantage of the community hospitals that fall under Bayhealth Medical Center, Inc. This mission is geared towards providing essential support to these hospitals, which are crucial components of the healthcare infrastructure in the community. The primary aim of Bayhealth Foundation is to enhance the capabilities and resources of these hospitals, thereby contributing to the overall well-being of the community. By raising funds, the foundation seeks to bridge any financial gaps and ensure the hospitals can continue delivering high-quality care to their patients. The mission of Bayhealth Foundation Corporation is a testament to its dedication to improving healthcare access and quality in the community.
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Impact
October, 2024
Bayhealth Foundation Corporation plays a crucial role in enhancing healthcare services within the communities served by Bayhealth Medical Center, Inc. By raising funds, the organization supports various initiatives and programs that ensure high-quality medical care and resources are available to the community hospitals. This financial support contributes to improved patient care, advanced medical technologies, and critical health programs, ultimately fostering better health outcomes. Located in Dover, Delaware, Bayhealth Foundation's efforts reflect a deep commitment to uplifting the health and well-being of the local population, making a significant impact on the community's overall healthcare landscape.
This information is meant to be a general summary of Bayhealth Foundation Corporation. 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: $293,993
- Gross Receipts: $2,320,873
Assets and Liabilities:
- Total Assets: $14,241,155
- Total Liabilities: $919,723
- Net Assets: $13,321,432
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Organization Details
Founding Year
1984
Phone
(302) 744-7015Principal Officer
Lindsay Rhodenbaugh
Main Address
640 South State Street, Dover, DE, 19901
Website
www.bayhealthfoundation.orgNTEE Category
Code: E22I - Health
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