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Pittsburgh Free Dispensary Endow Fund 1

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 256020762 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(3)

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Overview

What is Pittsburgh Free Dispensary Endow Fund 1?

Pittsburgh Free Dispensary Endow Fund #1 is a nonprofit organization with a primary mission to distribute funds for medical research at Allegheny General Hospital. Their activities encompass non-patient payments towards this cause. By providing financial support, they contribute to advancements in healthcare and research, potentially leading to breakthroughs that benefit a wider community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 58%, earning it a One-Star out of Four Star rating. The Pittsburgh Free Dispensary Endow Fund 1 has received a low rating primarily due to significant concerns in its governance and financial transparency. The organization lacks independent board members and has not provided financial statements, leading to a poor accountability and finance score of 58.

Despite these shortcomings, the organization demonstrates a strong commitment to its mission with a high program expense ratio of 86.54%, indicating that a large portion of its expenses directly supports its programs. Additionally, it has a solid record regarding material asset diversion and maintains a conflict of interest policy, which are positive aspects of its governance.

However, the lack of independent oversight and missing key documents such as tax forms and board meeting minutes significantly undermine its credibility. The absence of a whistleblower policy and noncompliance in providing financial statements are notable limitations, suggesting that improvements are necessary to enhance transparency and accountability within the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Pittsburgh Free Dispensary Endow Fund 1 legitimate?

Pittsburgh Free Dispensary Endow Fund #1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pittsburgh Free Dispensary Endow Fund #1 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: $41,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Pittsburgh Free Dispensary Endow Fund 1?

The Pittsburgh Free Dispensary Endow Fund 1's mission is centered around distributing funds to Allegheny General Hospital, primarily for the purpose of medical research. This mission encompasses various programs, including non-patient payments, contributing to the advancement of medical knowledge and potential treatments. The fund's activities are geared towards supporting medical research, benefiting the wider healthcare community and contributing to scientific progress.

Who is the CEO of Pittsburgh Free Dispensary Endow Fund 1?

Lisa Labue is the Principal Officer of Pittsburgh Free Dispensary Endow Fund #1.

What is the revenue of Pittsburgh Free Dispensary Endow Fund 1?

Pittsburgh Free Dispensary Endow Fund 1's revenue in 2023 was $748,191.

Who are the executives of Pittsburgh Free Dispensary Endow Fund 1 and what are their salaries?


There is 1 key member and their salary:


Pnc Bank Na (Trustee)
  • Compensation: $41,598
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pittsburgh Free Dispensary Endow Fund 1?

Pittsburgh Free Dispensary Endow Fund 1's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Pittsburgh Free Dispensary Endow Fund 1

Pittsburgh Free Dispensary Endow Fund 1 is dedicated to allocating funds for medical research at Allegheny General Hospital. Through this mission, the organization supports various programs, with a notable focus on non-patient payments. By providing financial assistance, Pittsburgh Free Dispensary Endow Fund 1 contributes significantly to the advancement of medical knowledge and potential treatments, ultimately benefiting numerous patients and the broader medical community.

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Impact




October, 2024

Pittsburgh Free Dispensary Endow Fund 1 significantly impacts the medical research landscape by providing essential financial support to Allegheny General Hospital. The funds distributed are allocated towards various programs, including non-patient payments, which contribute to innovative research initiatives. This support fosters advancements in healthcare and enhances the hospital's ability to conduct vital medical studies. By investing in research, the fund not only aids in the development of new treatments and medical technologies but also strengthens the overall health infrastructure in Pittsburgh and beyond.




This information is meant to be a general summary of Pittsburgh Free Dispensary Endow Fund 1. 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.

Revenue
$748,191 (2023)
Expenses
$489,651 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $737,771
  • Gross Receipts: $10,842,224

Assets and Liabilities:

  • Total Assets: $19,518,978
  • Total Liabilities: $0
  • Net Assets: $19,518,978

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Organization Details

Founding Year

1910

Principal Officer

Lisa Labue

Main Address

116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212

NTEE Category

Code: E112 - Health

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