Overview
What is Kadlec Foundation?
Kadlec Foundation is a nonprofit organization based in Richland, Washington, dedicated to supporting Kadlec Regional Medical Center and enhancing its capacity to address the evolving healthcare needs of its local community. In 2022, the foundation accomplished numerous initiatives, including providing emergency cash assistance to 85 caregivers, establishing an endowed scholarship in honor of a fallen nursing student, awarding scholarships to healthcare students, and offering assistance to 78 patients with hotel stays, fuel vouchers, and medical equipment. Additionally, the foundation contributed to programs addressing population health, mental health, and chronic illnesses, benefiting approximately 2,000 individuals. Through Community Health Funds, Kadlec Foundation also supported senior wellness programs and educational initiatives, engaging over 5,000 seniors and 300-400 individuals in mental health and suicide prevention programs.
Official website here: www.kadlec.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Star rating)
The Kadlec Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a score of 95%, the foundation demonstrates excellence in governance, featuring a fully independent board and robust audit and oversight mechanisms. Notably, there have been no material diversions of assets, indicating a solid management structure and financial integrity.
The foundation holds a program expense ratio of 66.19%, which illustrates its dedication to funding its programs, although there is room for improvement in this area. The fundraising efficiency is notably strong, with only $0.06 spent to raise each dollar, showcasing effective fundraising strategies. Furthermore, the foundation's working capital ratio of 25.06 years suggests a sustainable financial position, allowing it to support long-term initiatives.
Overall, the Kadlec Foundation's high rating emphasizes its strong governance and financial practices, but the program expense ratio indicates potential to enhance investments in direct services. This foundation sets a solid example for nonprofits in terms of accountability, transparency, and effective management.
This AI summary has been generated from information found on Charity Navigator.
Is Kadlec Foundation legitimate?
Kadlec Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kadlec 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.
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Official website here: www.kadlec.org/foundation
What is the mission statement of Kadlec Foundation?
The Kadlec Foundation's mission is to support a local medical center by enhancing its capabilities to meet emerging healthcare needs within its surrounding community. In 2022, the foundation achieved several accomplishments through its programs. These included providing emergency cash assistance to 85 caregivers, funding an endowed scholarship for nursing students, awarding scholarships for healthcare degree pursuits, offering assistance for various patient needs, and contributing to community health programs, mental health and suicide prevention initiatives, and educational programs. Overall, the foundation aims to improve healthcare access and support for the community.
Official website here: www.kadlec.org/foundation
Who is the CEO of Kadlec Foundation?
James Hall is the Chief Philanthropy Officer of Kadlec Foundation.
Official website here: www.kadlec.org/foundation
What is the revenue of Kadlec Foundation?
Kadlec Foundation's revenue in 2022 was $4,957,001.
Official website here: www.kadlec.org/foundation
Who are the executives of Kadlec Foundation and what are their salaries?
There 25 volunteers at Kadlec Foundation.
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Official website here: www.kadlec.org/foundation
Where can I find the form 990 for Kadlec Foundation?
Kadlec Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kadlec.org/foundation
Learn more at the official website: www.kadlec.org/foundation
Mission Statement of Kadlec Foundation
Kadlec Foundation, a dedicated organization, is committed to supporting the ability of a regional medical center to address emerging healthcare needs within its surrounding community. The foundation's mission is multifaceted, encompassing various initiatives that aim to uplift and empower. In 2022, some of Kadlec Foundation's significant accomplishments included providing emergency cash assistance to 85 caregivers, supporting nursing students through scholarships, and offering assistance to over 78 in- and out-patients with various needs. The foundation also funded the Population Health Program, which benefits the vulnerable and poor population with social support, community outreach, educational events, and partnerships. Furthermore, Kadlec Foundation supported senior health through its Healthy Ages programs and mental health and suicide awareness initiatives. The organization's impact extends to educational programs addressing chronic health conditions and caregiving, demonstrating its comprehensive mission to enhance healthcare services and support for the community.
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Impact
October, 2024
Kadlec Foundation has made a significant impact on the health and well-being of the community surrounding Kadlec Regional Medical Center in Richland, WA. Their initiatives have directly supported both caregivers and patients, fostering a healthier environment for all.
In 2022, the foundation enabled 85 caregivers to benefit from emergency cash assistance through the Caring Co-Worker Fund, distributing a total of $59,155. This program illustrates a commitment to supporting those who serve the community's health needs. Additionally, the foundation contributed $27,500 towards an endowed scholarship at WSU, named in memory of Yanely Mendoza, to aid nursing students in their career pursuits.
The foundation has also prioritized education in healthcare careers, awarding $90,940 in scholarships to 56 students at CBC and WSU Tri-Cities. This investment in the future workforce is crucial for addressing the healthcare needs in the area.
Through the Good Samaritan Fund, 78 patients accessed vital resources such as hotel stays, transportation, and medical equipment totaling $4,349.84, illustrating a responsive approach to immediate healthcare challenges. They also supported a family in need with essential baby supplies, emphasizing compassion for new parents.
The Population Health Program reached an estimated 2,000 individuals, providing social support, educational events, and outreach targeted at the poor and vulnerable populations. This program alone received an allocation of $30,386.03.
Seniors benefited from various Healthy Ages programs, with over 5,000 participants receiving assistance in areas such as Medicare enrollment and wellness activities. Mental health initiatives reached 500-600 individuals, while educational programs addressing chronic health conditions engaged 300-400 participants, reinforcing the foundation's comprehensive approach to community health education.
Overall, Kadlec Foundation's multifaceted efforts effectively enhance healthcare accessibility and education, directly contributing to healthier outcomes in the local community.
This information is meant to be a general summary of Kadlec 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: $1,591,621
- Gross Receipts: $5,741,794
Assets and Liabilities:
- Total Assets: $37,358,313
- Total Liabilities: $12,727
- Net Assets: $37,345,586
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Organization Details
Founding Year
1969
Phone
(509) 942-2661Principal Officer
James Hall
Main Address
888 SWIFT BLVD, RICHLAND, WA, 99352
Website
www.kadlec.org/foundationNTEE Category
Code: E22 - Health
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