Overview
What is Holy Name Medical Center Foundation Inc?
Holy Name Medical Center Foundation Inc is a New Jersey-based nonprofit organization with a mission to raise funds for the charitable purposes of Holy Name Medical Center, a related Internal Revenue Code Section 501(C)(3) tax-exempt hospital. The Foundation encourages philanthropic support by showcasing the medical center's capabilities and offering opportunities for the community to invest in making a difference in the health and well-being of their community. With a team of ten dedicated individuals, they rely on the generosity of independent supporters to sustain Holy Name Medical Center's award-winning patient care and top-notch healthcare services throughout the area.
Official website here: www.holyname.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Holy Name Medical Center Foundation Inc has achieved a remarkable 96% rating from Charity Navigator, indicating a strong commitment to accountability and finance. This score is based entirely on a single beacon score, which reflects the organization’s effective management of funds and operational transparency. The high score in Accountability & Finance highlights the foundation's sound financial practices, ensuring that donations are utilized effectively for their intended purposes.
The foundation boasts 85% independent board members, a robust oversight system with an Audit and Oversight Committee, and has demonstrated no material diversion of assets. Additionally, it has implemented various policies, including conflict of interest and whistleblower policies, which contribute to its credibility and operational integrity. The organization is well-documented, with minutes from board meetings readily available, further showcasing its commitment to transparency.
However, while the foundation excels in financial management and accountability, potential donors may want to consider the specific programs and initiatives funded by the foundation to assess their alignment with personal philanthropic goals. Overall, Holy Name Medical Center Foundation Inc stands out as a well-managed nonprofit with a focus on ethical standards and efficient resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Name Medical Center Foundation Inc legitimate?
Holy Name Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Name 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: $635,715
Professional Fundraising Fees: $0
Other Salaries and Wages: $642,773
For more financial information, click here
Official website here: www.holyname.org
What is the mission statement of Holy Name Medical Center Foundation Inc?
The Holy Name Medical Center Foundation Inc is a charitable organization that raises funds to support the noble causes of Holy Name Medical Center, a tax-exempt hospital. Its mission is to encourage philanthropic support for the medical center by raising awareness of its capabilities and inviting the community to invest in making a positive impact on the health and well-being of people. The foundation relies on the generosity of independent supporters to sustain the award-winning patient care and exceptional healthcare services provided by the medical center throughout the community.
Official website here: www.holyname.org
Who is the CEO of Holy Name Medical Center Foundation Inc?
Cathleen Davey is the Foundation President/Vp Dev of Holy Name Medical Center Foundation Inc. The CEO's salary of Holy Name Medical Center Foundation Inc is $0 and their total compensation is $2,360,363.
Official website here: www.holyname.org
What is the revenue of Holy Name Medical Center Foundation Inc?
Holy Name Medical Center Foundation Inc's revenue in 2022 was $23,813,959.
Official website here: www.holyname.org
Who are the executives of Holy Name Medical Center Foundation Inc and what are their salaries?
The average compensation at Holy Name Medical Center Foundation Inc during 2022 was $127,849. There are 10 employees and 12 volunteers at Holy Name Medical Center Foundation Inc.
Here are 18 key members and their salaries (Holy Name Medical Center Foundation Inc's CEO's salary is $0 and their total compensation is $2,360,363):
- Compensation: $0
- Related: $2,307,222
- Other: $53,141
- Compensation: $0
- Related: $740,810
- Other: $141,708
- Compensation: $0
- Related: $702,663
- Other: $9,302
- Compensation: $592,917
- Related: $0
- Other: $42,798
- Compensation: $178,254
- Related: $0
- Other: $27,637
- Compensation: $105,475
- Related: $0
- Other: $14,347
- 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
- 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.holyname.org
Where can I find the form 990 for Holy Name Medical Center Foundation Inc?
Holy Name Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holyname.org
Learn more at the official website: www.holyname.org
Mission Statement of Holy Name Medical Center Foundation Inc
The Holy Name Medical Center Foundation, Inc. is a charitable organization dedicated to raising funds to support the noble cause of Holy Name Medical Center, a tax-exempt hospital organization. With a mission rooted in philanthropy, the Foundation encourages community engagement and invites supporters to invest in making a difference in people's health and well-being. By raising awareness of Holy Name Medical Center's exceptional capabilities, the Foundation nurtures a culture of giving that sustains the award-winning patient care and outstanding healthcare services provided by the organization. Through the Foundation, individuals can contribute to values, interests, and expectations that align with their own, ensuring their generosity leads to positive change. The Holy Name Medical Center Foundation, Inc. relies on the kindness of independent donors to keep up the excellent work of Holy Name Medical Center in delivering life-changing care and healthcare to their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Holy Name Medical Center Foundation Inc significantly enhances the health and well-being of the Teaneck community and beyond. By raising funds to support the charitable activities of Holy Name Medical Center, it plays a crucial role in ensuring access to high-quality healthcare services. The foundation fosters a culture of philanthropy, inviting community members to invest in the hospital’s capabilities and initiatives. This collaborative approach not only raises awareness of the medical center's offerings but also creates a rewarding experience for donors who want to make a positive impact.
Through its fundraising efforts, the foundation sustains the medical center's award-winning patient care and diverse healthcare services. These funds enable the hospital to continue providing exceptional care, enhancing community health outcomes, and addressing the evolving needs of the population it serves. In doing so, Holy Name Medical Center Foundation Inc effectively contributes to building a healthier and more resilient community.
This information is meant to be a general summary of Holy Name 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: $398,274
- Gross Receipts: $24,945,416
Assets and Liabilities:
- Total Assets: $15,387,623
- Total Liabilities: $718,708
- Net Assets: $14,668,915
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Phone
(201) 833-7016Principal Officer
Cathleen Davey
Main Address
718 TEANECK ROAD, TEANECK, NJ, 07666
Website
www.holyname.orgNTEE Category
Code: E22I - Health
If you are a representative of Holy Name Medical Center Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.