Overview
What is Lankenau Medical Center Foundation?
The Lankenau Medical Center Foundation is a nonprofit organization located in Wynnewood, Pennsylvania, at 100 Lancaster Avenue. Its primary role is to raise funds and provide development activities to support Lankenau Medical Center and the Lankenau Institute for Medical Research. The foundation's expenses include allocations in accordance with donor intent, targeting areas such as medical education, medical research, indigent care, capital purchases, and support for other hospital programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lankenau Medical Center Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The foundation's overall score is derived entirely from its accountability and finance practices, in which it scored exceptionally high, indicating robust management and ethical oversight.
One of the notable strengths of the foundation is its governance structure, featuring an 80% independent board which reflects a commitment to effective decision-making and oversight. Additionally, the foundation has implemented comprehensive policies such as a conflict of interest policy and a whistleblower policy, ensuring that ethical standards are maintained throughout its operations.
However, while the foundation exhibits a high program expense ratio of 91.50%, meaning that a significant portion of its funds goes directly to programs rather than administrative costs, it is essential to continue monitoring its operations and impact over time. Overall, the Lankenau Medical Center Foundation demonstrates strong performance in financial management and accountability, making it a trustworthy organization for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lankenau Medical Center Foundation legitimate?
Lankenau Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lankenau Medical Center Foundation 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
What is the mission statement of Lankenau Medical Center Foundation?
The Lankenau Medical Center Foundation is dedicated to raising funds and providing development activities to support both Lankenau Medical Center and the Lankenau Institute for Medical Research. Their efforts are geared towards advancing medical education, medical research, indigent care, capital purchases, and various hospital programs. The foundation's mission is focused on making a significant impact through financial contributions, allowing these institutions to excel in their respective fields and improve overall healthcare services.
Who is the CEO of Lankenau Medical Center Foundation?
Phillip D Robinson is the Principal Officer of Lankenau Medical Center Foundation.
What is the revenue of Lankenau Medical Center Foundation?
Lankenau Medical Center Foundation's revenue in 2022 was $30,503,585.
Who are the executives of Lankenau Medical Center Foundation and what are their salaries?
There 127 volunteers at Lankenau Medical Center Foundation.
Here are 27 key members and their salaries:
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- Other: $15,160
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Where can I find the form 990 for Lankenau Medical Center Foundation?
Lankenau Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lankenau Medical Center Foundation
The Lankenau Medical Center Foundation is a dedicated institution that spearheads fundraising and development efforts to bolster the capabilities of Lankenau Medical Center and the Lankenau Institute for Medical Research. By mobilizing resources and community support, this organization plays a pivotal role in advancing medical education, research, and various hospital programs.
In pursuit of its mission, the Lankenau Medical Center Foundation allocates funds in accordance with donor intentions. These resources contribute significantly to the provision of indigent care, capital purchases, and support for other critical hospital initiatives. The foundation is instrumental in propelling the medical center and research institute towards new heights, ultimately enhancing the quality of healthcare and medical advancements they can offer.
Through its fundraising and development activities, the Lankenau Medical Center Foundation bridges the gap between the medical community and the financial support needed to execute its vital mission. Its unwavering commitment to raising funds ensures that the medical center and research institute can continue to make a positive impact on people's lives, driving progress in healthcare and medical research.
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Impact
October, 2024
Lankenau Medical Center Foundation plays a vital role in enhancing the healthcare services and research capabilities of Lankenau Medical Center and the Lankenau Institute for Medical Research. Through its fundraising and development activities, the Foundation allocates funds to various critical areas, including medical education, research initiatives, and indigent care support.
The impact of these investments is significant. By ensuring that healthcare professionals receive ongoing education and training, the Foundation helps maintain high standards of patient care. Moreover, funding for medical research leads to innovative treatments and advancements in understanding health conditions, which can ultimately improve patient outcomes. Additionally, support for indigent care ensures that everyone, regardless of their financial situation, has access to essential medical services.
Capital purchases funded by the Foundation not only enhance the facility's resources but also contribute to an overall improved healthcare environment for both patients and staff. Overall, Lankenau Medical Center Foundation's efforts directly contribute to the betterment of community health and the advancement of medical science in the Wynnewood area and beyond.
This information is meant to be a general summary of Lankenau Medical Center Foundation. 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: $16,743,593
- Gross Receipts: $30,566,906
Assets and Liabilities:
- Total Assets: $412,551,250
- Total Liabilities: $1,859,039
- Net Assets: $410,692,211
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Organization Details
Founding Year
1981
Phone
(484) 476-3403Principal Officer
Phillip D Robinson
Main Address
100 LANCASTER AVENUE, WYNNEWOOD, PA, 19096
NTEE Category
Code: E112 - Health
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