Overview
What is Chilton Medical Center Foundation Inc?
Chilton Medical Center Foundation Inc is a 501(c)(3) nonprofit organization situated in Pompton Plains, New Jersey. Their primary mission is to support the capital needs of Chilton Medical Center and its associated entities. This includes funding various initiatives such as clinical services, advanced technology, facility improvements, outreach programs, and other essential projects. By doing so, the Foundation aims to enhance the overall quality of healthcare available to the community, regardless of individuals' race, color, creed, sex, national origin, religion, or financial status. The Foundation is led by a volunteer Board of Trustees, who oversee the utilization of philanthropic contributions and collaborate with the hospital and local community representatives.
Official website here: www.chiltonhealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88%, Three-Star out of Four Star rating.
Chilton Medical Center Foundation Inc has achieved an overall score of 88%, reflecting strong accountability and financial practices. The evaluation is based entirely on the Accountability & Finance beacon, where the organization excels in maintaining an independent board, with 88% of members being independent. Additionally, the foundation demonstrates solid governance practices, including having a well-structured audit and oversight committee and comprehensive financial policies.
The foundation's financial management is commendable, highlighted by a low liabilities to assets ratio of 6.75%, indicating a strong financial position. However, while the program expense ratio is reasonable at 63.67%, it indicates that there is room for improvement in directing more funds towards its programs. Overall, Chilton Medical Center Foundation Inc exhibits a commitment to transparency and responsible financial stewardship, which adds to its credibility as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Chilton Medical Center Foundation Inc legitimate?
Chilton Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chilton 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: $46,147
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chiltonhealth.org
What is the mission statement of Chilton Medical Center Foundation Inc?
The Chilton Medical Center Foundation Inc is primarily focused on supporting the capital needs of its affiliated medical center. Acting as a philanthropic organization, it raises funds to improve the quality of healthcare services, investing in cutting-edge technology, facility construction, and renovations. The foundation is led by a volunteer Board of Trustees who ensure the proper use of donations, and collaborate with hospital and community representatives to guide the organization's philanthropic efforts. The primary aim of the foundation is to enhance the healthcare available to those they serve.
Official website here: www.chiltonhealth.org
Who is the CEO of Chilton Medical Center Foundation Inc?
Michael Walter is the Trustee-Adv.Board Chair of Chilton Medical Center Foundation Inc.
Official website here: www.chiltonhealth.org
What is the revenue of Chilton Medical Center Foundation Inc?
Chilton Medical Center Foundation Inc's revenue in 2022 was $1,463,981.
Official website here: www.chiltonhealth.org
Who are the executives of Chilton Medical Center Foundation Inc and what are their salaries?
There 77 volunteers at Chilton Medical Center Foundation Inc.
Here are 29 key members and their salaries:
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- Related: $4,617,182
- Other: $1,431,850
Official website here: www.chiltonhealth.org
Where can I find the form 990 for Chilton Medical Center Foundation Inc?
Chilton Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chiltonhealth.org
Learn more at the official website: www.chiltonhealth.org
Mission Statement of Chilton Medical Center Foundation Inc
Chilton Medical Center Foundation, a 501(c)(3) non-profit organization, is committed to supporting the capital needs of Chilton Medical Center and its affiliated entities. This foundation, guided by a volunteer Board of Trustees, raises funds to enhance the quality of healthcare services available to its community. By securing philanthropic donations, the organization invests in clinical services, cutting-edge technology, facility construction and renovations, outreach initiatives, and various other essential programs. The ultimate goal is to improve the overall healthcare experience for those who rely on Chilton Medical Center and its family of affiliates. The Foundation acts as a crucial partner, working hand in hand with the hospital and community representatives, to direct the allocation of philanthropic funds effectively.
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Impact
October, 2024
Chilton Medical Center Foundation Inc has a profound impact on healthcare accessibility and quality in Pompton Plains, NJ, and surrounding areas. By focusing on the capital needs of Chilton Medical Center, the Foundation enhances essential healthcare services for all individuals, irrespective of their background or financial situation. Their efforts directly improve clinical services, invest in state-of-the-art technology, and support construction and modernization projects within the medical center.
The Foundation also plays a pivotal role in funding outreach initiatives and various vital programs that contribute to holistic community health. By raising significant resources, it ensures that Chilton Medical Center can continue to provide medically necessary healthcare services, thus fostering a healthier community. Their alignment with community representatives and commitment to overseeing philanthropic donations further amplifies their effectiveness in meeting the healthcare needs of diverse populations.
This information is meant to be a general summary of Chilton 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: $610,869
- Gross Receipts: $6,971,820
Assets and Liabilities:
- Total Assets: $15,457,069
- Total Liabilities: $1,043,924
- Net Assets: $14,413,145
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Organization Details
Founding Year
1991
Phone
(973) 451-2077Principal Officer
Michael Walter
Main Address
97 West Parkway, Pompton Plains, NJ, 07444
Website
www.chiltonhealth.orgNTEE Category
Code: P20Z - Human services
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