Overview
What is Bridgeport Hospital Foundation Inc?
Bridgeport Hospital Foundation Inc is a nonprofit organization based in Bridgeport, Connecticut. Its primary mission is to support Bridgeport Hospital and the Yale New Haven Health System by fundraising. In the past fiscal year, the organization received over $5.8 million in philanthropic donations. Notable events included the Rose of Hope event for underserved women, the Pink Pledge initiative for breast cancer awareness, and the Kaulbach Memorial Golf Classic for oncology support. The Foundation also supports the hospital's investment in advanced technology for stroke and cardiac patients, having raised $1.7 million towards the $4.5 million goal by the end of the fiscal year. The organization has achieved a Platinum Seal of Transparency from Candid and has significantly impacted patients served by Bridgeport Hospital.
Official website here: www.foundation.bridgeporthospital.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Bridgeport Hospital Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is derived entirely from its outstanding performance in the Accountability & Finance beacon, indicating a well-managed organization that prioritizes transparency and ethical practices.
The Foundation boasts a majority independent board, which enhances its governance and decision-making processes. With 81% of board members being independent, alongside a robust structure that includes a dedicated Audit and Oversight Committee, the organization demonstrates a strong framework for oversight and compliance. Additionally, the organization follows best practices by having clear policies on conflict of interest, whistleblower protections, and document retention.
Despite its strengths, the Foundation's reliance solely on financial accountability for its rating may limit the assessment of its overall impact and effectiveness in serving its mission. Nevertheless, its high program expense ratio of 73.22% suggests that a significant portion of its resources is directed toward its programs, highlighting its focus on delivering value to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgeport Hospital Foundation Inc legitimate?
Bridgeport Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeport Hospital 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: $993,271
For more financial information, click here
Official website here: www.foundation.bridgeporthospital.org/
What is the mission statement of Bridgeport Hospital Foundation Inc?
The Bridgeport Hospital Foundation Inc is dedicated to raising funds to support Bridgeport Hospital and the Yale New Haven Health System. Through their philanthropic efforts, they promote various activities within the healthcare organization. In the fiscal year 2022, the foundation received over $5.8 million in charitable donations. Some notable events included the Rose of Hope event for underserved women, the Pink Pledge initiative for breast cancer awareness, and the Kaulbach Memorial Golf Classic for oncology support. The foundation launched a campaign, "Bringing Technology to Life," to help bring lifesaving equipment and improved clinical outcomes for stroke and cardiac patients. They have achieved a Platinum Seal of Transparency from Candid, showcasing their financial accountability and community impact.
Official website here: www.foundation.bridgeporthospital.org/
Who is the CEO of Bridgeport Hospital Foundation Inc?
Stephen Jakab is the Trustee of Bridgeport Hospital Foundation Inc.
Official website here: www.foundation.bridgeporthospital.org/
What is the revenue of Bridgeport Hospital Foundation Inc?
Bridgeport Hospital Foundation Inc's revenue in 2022 was $13,394,339.
Official website here: www.foundation.bridgeporthospital.org/
Who are the executives of Bridgeport Hospital Foundation Inc and what are their salaries?
There 12 volunteers at Bridgeport Hospital Foundation Inc.
Here are 15 key members and their salaries:
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- Related: $931,710
- Other: $363,056
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- Other: $36,715
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- Related: $118,770
- Other: $0
Official website here: www.foundation.bridgeporthospital.org/
Where can I find the form 990 for Bridgeport Hospital Foundation Inc?
Bridgeport Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.bridgeporthospital.org/
Learn more at the official website: www.foundation.bridgeporthospital.org/
Mission Statement of Bridgeport Hospital Foundation Inc
The Bridgeport Hospital Foundation Inc is a dedicated organization that plays a vital role in supporting Bridgeport Hospital primarily through fundraising efforts. With a mission to fund and promote activities of the Yale New Haven Health System, the Foundation contributes significantly to the integrated healthcare delivery system of which it is a part.
In FY 2022, the Bridgeport Hospital Foundation received over $5.8 million in philanthropic gifts. Some of the notable initiatives included the 21st Annual Rose of Hope event held at the Norma Pfriem Breast Center, which raised over $430,000 to support programs for underserved women. Additionally, the Pink Pledge initiative continued to gather funds and awareness for breast cancer in Bridgeport, Stratford, Trumbull, and Milford, with donors contributing a record-breaking $207,000. The Kaulbach Memorial Golf Classic returned to celebrate its 40th anniversary, raising over $125,000 to support oncology nurse navigators, social workers, and an oncology chaplaincy program.
The Foundation also launched "Bringing Technology to Life," a capital campaign to help bring lifesaving equipment and improved clinical outcomes for stroke and cardiac patients. By the end of FY22, donors had contributed $1.7 million towards the campaign goal of $4.5 million. The Foundation's commitment to transparency was recognized with a Platinum Seal of Transparency from Candid (formerly Guidestar). The Foundation's impact extends beyond the financial contributions, as it facilitates in-depth financial information and quantitative metrics about community health initiatives, providing donors with valuable insights into how their contributions are making a difference in the lives of the patients served by Bridgeport Hospital.
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Impact
October, 2024
Bridgeport Hospital Foundation Inc has made a significant impact through its dedicated fundraising efforts for Bridgeport Hospital, contributing to various programs and services that benefit the local community. In fiscal year 2022, the Foundation secured over $5.8 million in philanthropic gifts, supporting critical healthcare initiatives.
One notable event, the 21st annual Rose of Hope, raised over $430,000 to fund programs for underserved women through the Norma Pfriem Breast Center. The "Pink Pledge" initiative saw record contributions of more than $207,000, with local businesses actively participating by donating a portion of their sales to breast cancer awareness and support.
The Kaulbach Memorial Golf Classic celebrated its 40th anniversary, gathering more than 100 golfers and raising over $125,000 to assist oncology nurse navigators, social workers, and an oncology chaplaincy program. Meanwhile, the Milford campus revitalized a traditional 5K walk/run event, attracting over 300 participants to fund the creation of a state-of-the-art nursing unit for orthopedic surgery patients.
In a commitment to enhance clinical outcomes for stroke and cardiac patients, the Foundation launched a capital campaign called "Bringing Technology to Life," aiming to contribute $4.5 million toward new lifesaving equipment as part of the hospital's $25 million investment. By the end of fiscal year 2022, donors had contributed $1.7 million towards this goal, showcasing the community's support for improved healthcare services.
The Foundation's achievements have earned it a Platinum Seal of Transparency from Candid, demonstrating its commitment to accountability and providing detailed information about its health initiatives and community impact. This level of transparency reflects the Foundation's dedication to showcasing how donations directly enhance patient care at Bridgeport Hospital and foster a healthier community.
This information is meant to be a general summary of Bridgeport Hospital 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: $7,714,519
- Gross Receipts: $86,276,809
Assets and Liabilities:
- Total Assets: $110,620,376
- Total Liabilities: $1,637,541
- Net Assets: $108,982,835
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Organization Details
Founding Year
1988
Phone
(203) 688-0580Principal Officer
Stephen Jakab
Main Address
267 GRANT STREET, BRIDGEPORT, CT, 06610
NTEE Category
Code: E110 - Health
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