Overview
What is The Bryn Mawr Hospital Foundation?
The Bryn Mawr Hospital Foundation is a charitable organization based in Bryn Mawr, Pennsylvania, with a mission to raise funds for Main Line Hospitals, Inc., specifically for Bryn Mawr Hospital. Through their fundraising and development activities, they support various hospital programs, including community education, research, free care, capital purchases, and initiatives in areas like women's health, oncology, pediatrics, and community health.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating from Charity Navigator.
The Bryn Mawr Hospital Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. With a score of 97%, the foundation demonstrates exceptional financial health and transparency, underscoring its commitment to responsible management of resources. The foundation's accountability measures, including the independence of its board and the absence of any material diversion of assets, further enhance its credibility.
Strengths of the organization include a robust governance structure with 88% independent board members, comprehensive financial oversight, and favorable ratios reflecting efficient program expenses and fundraising efforts. The foundation has consistently maintained a program expense ratio of 86.10% and a fundraising efficiency ratio of just $0.14, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs.
While the organization's financial metrics are impressive, it is essential to monitor ongoing performance and community impact to ensure that the high standards are maintained. Overall, the Bryn Mawr Hospital Foundation stands out as a financially sound and well-managed nonprofit, dedicated to its mission and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is The Bryn Mawr Hospital Foundation legitimate?
The Bryn Mawr Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bryn Mawr Hospital 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 The Bryn Mawr Hospital Foundation?
The Bryn Mawr Hospital Foundation is dedicated to raising funds to support Main Line Hospitals Inc. Its mission revolves around providing development activities to advance Bryn Mawr Hospital. The foundation disburses funds in accordance with donor intent for various hospital programs. These initiatives encompass community education, research, free care, capital purchases, and support for healthcare areas such as oncology, pediatrics, women's health, and community health.
Who is the CEO of The Bryn Mawr Hospital Foundation?
John Schwarz is the Ex-Officio Trustee of The Bryn Mawr Hospital Foundation.
What is the revenue of The Bryn Mawr Hospital Foundation?
The Bryn Mawr Hospital Foundation's revenue in 2022 was $12,969,059.
Who are the executives of The Bryn Mawr Hospital Foundation and what are their salaries?
There 60 volunteers at The Bryn Mawr Hospital Foundation.
Here are 37 key members and their salaries:
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Where can I find the form 990 for The Bryn Mawr Hospital Foundation?
The Bryn Mawr Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Bryn Mawr Hospital Foundation
The Bryn Mawr Hospital Foundation is a philanthropic organization dedicated to raising funds and providing development activities in support of Main Line Hospitals, Inc. and its esteemed institution, Bryn Mawr Hospital. In simpler terms, this foundation plays a pivotal role in generating financial resources for Bryn Mawr Hospital and various initiatives it undertakes.
Through its fundraising efforts, The Bryn Mawr Hospital Foundation contributes to the community education programs, research projects, free care services, capital purchases, and other hospital programs that Bryn Mawr Hospital offers. Some of these programs include women's health, oncology, pediatrics, and community health. By doing so, the foundation helps ensure the hospital can continue providing top-notch healthcare services and making a difference in people's lives.
In essence, The Bryn Mawr Hospital Foundation serves as a bridge between donors and the hospital, enabling generous contributions to be channeled effectively towards the programs and initiatives the hospital prioritizes. This collaboration ultimately contributes to the overall improvement and expansion of healthcare services for the community.
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Impact
October, 2024
The Bryn Mawr Hospital Foundation significantly impacts the community by enhancing healthcare services through targeted fundraising and development initiatives. By securing financial support for Bryn Mawr Hospital, the foundation ensures vital programs are available, including community education, research, and free care for those in need.
These funds are allocated in accordance with donor intent, fostering advancements in critical areas such as women’s health, oncology, pediatrics, and overall community health. The foundation’s efforts facilitate capital purchases that improve facilities and equipment, directly benefitting patients and enhancing the quality of care provided.
Through its commitment to supporting various hospital programs, The Bryn Mawr Hospital Foundation plays a crucial role in advancing healthcare access and improving outcomes for the community it serves.
This information is meant to be a general summary of The Bryn Mawr Hospital 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: $3,337,979
- Gross Receipts: $13,590,043
Assets and Liabilities:
- Total Assets: $96,298,665
- Total Liabilities: $428,997
- Net Assets: $95,869,668
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Organization Details
Founding Year
1981
Phone
(484) 337-3570Principal Officer
John Schwarz
Main Address
130 SOUTH BRYN MAWR AVENUE, BRYN MAWR, PA, 19010
NTEE Category
Code: E110 - Health
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