Overview
What is St Elizabeth Medical Center Foundation Inc?
St. Elizabeth Medical Center Foundation Inc, established in 1984, is a nonprofit organization located in Utica, New York. Its primary mission is to provide financial support to St. Elizabeth Medical Center, a voluntary not-for-profit hospital. The Foundation achieves this goal through various means, including past contributions, fundraising activities, and making funds available according to donors' intentions. By doing so, it helps the Medical Center cater to the medical needs of the community, regardless of an individual's race, national origin, creed, or ability to pay. The Foundation also supports friend-raising and health education events, further contributing to the well-being of the community.
Official website here: www.mvhealthsystem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
St. Elizabeth Medical Center Foundation Inc has received a solid rating of 86%, indicating a dependable level of accountability and financial health. The organization boasts a fully independent board, with all members (100%) being independent, which is a strong governance characteristic. Additionally, the foundation has demonstrated transparency by maintaining appropriate policies, such as conflict of interest and whistleblower protections, while actively documenting board meeting minutes.
Despite its overall strengths, the foundation's program expense ratio of 61.43% suggests that a significant portion of its expenses may not be directed towards its core programs. This could be a point of concern for donors looking to maximize the impact of their contributions. Nonetheless, the organization manages a low liabilities to assets ratio, reflecting financial stability and minimal debt, which is a positive indicator for potential supporters.
Overall, St. Elizabeth Medical Center Foundation Inc appears to be a reputable organization with strong governance practices and minimal financial risk. While there are areas for improvement in program expenditure efficiency, the foundation's commitment to accountability and transparency can instill confidence in its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is St Elizabeth Medical Center Foundation Inc legitimate?
St Elizabeth Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Elizabeth 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.mvhealthsystem.org
What is the mission statement of St Elizabeth Medical Center Foundation Inc?
The St. Elizabeth Medical Center Foundation's mission has been pivotal in supporting St. Elizabeth Medical Center since 1984. Their role involves sponsoring or backing fundraising and health education activities, as well as providing financial, philosophical, and social assistance. This support enables the medical center to cater to the healthcare needs of the community, irrespective of factors such as race, national origin, creed, or an individual's ability to pay. The foundation's aim is to ensure that the medical center continues to offer essential medical services to all sections of the community.
Official website here: www.mvhealthsystem.org
Who is the CEO of St Elizabeth Medical Center Foundation Inc?
Louis Aiello is the Mvhs President/Ceo of St Elizabeth Medical Center Foundation Inc. The CEO's salary of St Elizabeth Medical Center Foundation Inc is $0 and their total compensation is $1,207,286.
Official website here: www.mvhealthsystem.org
What is the revenue of St Elizabeth Medical Center Foundation Inc?
St Elizabeth Medical Center Foundation Inc's revenue in 2022 was $159,556.
Official website here: www.mvhealthsystem.org
Who are the executives of St Elizabeth Medical Center Foundation Inc and what are their salaries?
Here are 10 key members and their salaries (St Elizabeth Medical Center Foundation Inc's CEO's salary is $0 and their total compensation is $1,207,286):
- Compensation: $0
- Related: $1,183,762
- Other: $23,524
- Compensation: $0
- Related: $596,869
- Other: $31,112
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mvhealthsystem.org
Where can I find the form 990 for St Elizabeth Medical Center Foundation Inc?
St Elizabeth Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvhealthsystem.org
Learn more at the official website: www.mvhealthsystem.org
Mission Statement of St Elizabeth Medical Center Foundation Inc
St. Elizabeth Medical Center Foundation Inc has been instrumental in supporting St. Elizabeth Medical Center since 1984. Their mission is to provide both financial, philosophical, and social support for the Medical Center, enabling it to continue offering medical services to the community, irrespective of factors such as race, national origin, creed, or the ability to pay. The Foundation's role encompasses sponsoring and supporting various activities, including friend-raising, fundraising, and health education. By doing so, they ensure that the Medical Center can continue to meet the medical needs of its community, acting as a beacon of care and compassion for all.
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Impact
October, 2024
St. Elizabeth Medical Center Foundation Inc significantly enhances the healthcare landscape of Utica, NY, through its comprehensive support for St. Elizabeth Medical Center. Since its inception in 1984, the Foundation has taken on a pivotal role, facilitating fundraising, friend-raising, and health education initiatives that directly benefit the medical center.
By providing robust financial, philosophical, and social support, the Foundation ensures that the medical center can continue to meet the diverse healthcare needs of the community. This commitment allows patients to access necessary medical services without discrimination based on race, national origin, creed, or ability to pay. The Foundation's ongoing contributions create a sustainable model for healthcare access, improving health outcomes and fostering a healthier community overall.
This information is meant to be a general summary of St Elizabeth 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: $159,556
- Gross Receipts: $169,362
Assets and Liabilities:
- Total Assets: $5,302,166
- Total Liabilities: $1,250
- Net Assets: $5,300,916
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Organization Details
Founding Year
1984
Phone
(315) 624-5574Principal Officer
Louis Aiello
Main Address
2209 Genesee Street, Utica, NY, 13501
Website
www.mvhealthsystem.orgNTEE Category
Code: T30 - Philanthropy
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