Overview
What is Salem Township Hospital Founda?
Salem Township Hospital Foundation is a nonprofit organization situated in Salem, Illinois, with an address at 1201 Ricker Drive. Its primary mission is to raise funds for the betterment of Salem Township Hospital. This includes the acquisition of essential medical equipment and improvements to the hospital's infrastructure. Furthermore, the organization extends its scope by offering scholarships to students pursuing careers in the healthcare field. By providing financial support, the Salem Township Hospital Foundation aims to bolster the medical workforce and ultimately enhance healthcare services in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Salem Township Hospital Foundation has received a 73% rating, indicating a need for improvement in certain areas, despite strong scores in aspects like board independence and financial management. The organization boasts an impressive program expense ratio of 85.90%, reflecting a significant commitment to its mission-driven activities.
However, the foundation falls short in transparency and governance, as it lacks critical policies such as a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, the absence of a tax form on its website raises concerns about accountability and accessibility of information for stakeholders. These limitations suggest that while the foundation performs well in some financial aspects, it must enhance its governance practices to gain the trust of its supporters and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Township Hospital Founda legitimate?
Salem Township Hospital Founda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Township Hospital Founda 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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Other Salaries and Wages: $0
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What is the mission statement of Salem Township Hospital Founda?
The Salem Township Hospital Foundation's mission is centered around two primary objectives. Firstly, they aim to raise funds for the betterment of the Salem Township Hospital. This involves acquiring necessary capital equipment and making improvements to the hospital's facilities. Secondly, they offer scholarships to students pursuing careers in the medical field, with the intention of filling potential gaps in healthcare provision.
Who is the CEO of Salem Township Hospital Founda?
Myron Lloyd is the President of Salem Township Hospital Founda.
What is the revenue of Salem Township Hospital Founda?
Salem Township Hospital Founda's revenue in 2022 was $54,780.
Who are the executives of Salem Township Hospital Founda and what are their salaries?
There 25 volunteers at Salem Township Hospital Founda.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Salem Township Hospital Founda?
Salem Township Hospital Founda's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salem Township Hospital Founda
Salem Township Hospital Foundation, a nonprofit organization, is dedicated to raising funds for the betterment of the local Salem Township Hospital. Its primary mission lies in the acquisition of essential capital equipment and improvements to enhance the hospital's facilities. By doing so, the foundation aims to contribute to the provision of superior healthcare services, ultimately benefiting the community at large.
Beyond its role in financially supporting the hospital, Salem Township Hospital Foundation also extends its generosity to students pursuing careers in the medical field. The organization offers scholarships to encourage and aid individuals who aspire to join the healthcare profession. This initiative aims to address the growing demand for skilled healthcare workers, thereby ensuring that the community continues to receive top-notch medical care. By investing in the future of healthcare, Salem Township Hospital Foundation is not only contributing to the improvement of its namesake hospital but also to the broader well-being of the community.
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Impact
August, 2024
Salem Township Hospital Foundation's impact is evident in its dedication to raising funds for the improvement of Salem Township Hospital. Through their efforts, the foundation enhances the hospital's ability to provide quality healthcare services to the community. Additionally, by providing scholarships to students entering the medical field, the foundation contributes to the education and development of future healthcare professionals, thereby ensuring the continued growth and sustainability of the healthcare sector in Salem.
This information is meant to be a general summary of Salem Township Hospital Founda. 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: $2,805
- Gross Receipts: $55,090
Assets and Liabilities:
- Total Assets: $205,907
- Total Liabilities: $0
- Net Assets: $205,907
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Organization Details
Founding Year
2008
Principal Officer
Myron Lloyd
Main Address
1201 RICKER DRIVE, SALEM, IL, 62881
NTEE Category
Code: B82 - Education
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