Overview
What is Essentia Health Foundation?
Essentia Health Foundation is a charitable organization, established to support various health-related activities within the Essentia Health system. Its primary mission is to enhance patient care by facilitating fundraising efforts through different channels such as direct mail, special events, grants, and individual donations. The foundation supports a wide range of initiatives, including compassionate patient care, capital improvements, equipment, community education, research, and employee assistance. In 2022, the foundation received $1.9 million from nearly 5,000 donors, primarily from communities served by Essentia Health. The local advisory boards then distributed about $1.6 million to supported organizations and community programs, contributing to improved community health. Essentia Health Foundation, with its 14,000 employees, serves a predominantly rural population by providing essential medical care to those with limited economic resources. The organization is guided by values such as quality, hospitality, respect, joy, justice, stewardship, and teamwork, and delivers on its mission through various health facilities and services, including hospitals, clinics, pharmacies, and research institutions.
Official website here: www.essentiahealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Stars)
Essentia Health Foundation has received a 47% rating from Charity Navigator, which corresponds to a Zero-Star designation. This score indicates significant concerns primarily in the areas of financial performance and efficiency. While the foundation showcases solid accountability measures, such as an independent board and comprehensive financial policies, these strengths are overshadowed by troubling financial ratios, particularly the low program expense ratio and fundraising efficiency.
The organization displays commendable governance, with a fully independent board and strong oversight practices, reflecting a commitment to ethical management. However, the financial performance metrics reveal that less than 50% of its expenses are directed towards programs, which raises questions about the effective allocation of funds. Additionally, the fundraising efficiency, which indicates how much of each dollar raised goes toward actual charitable activities, is critically low.
Overall, while the foundation has established robust governance protocols, its financial health and operational effectiveness require significant improvement. Without a shift towards better financial management and a stronger focus on programmatic expenditures, the foundation's ability to fulfill its mission may be compromised.
This AI summary has been generated from information found on Charity Navigator.
Is Essentia Health Foundation legitimate?
Essentia Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Essentia Health 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: $276,584
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,601
For more financial information, click here
Official website here: www.essentiahealth.org
What is the mission statement of Essentia Health Foundation?
The Essentia Health Foundation is committed to making a positive impact on people's lives by fostering charitable support for patient care. Acting as an umbrella for local foundations within the Essentia Health system, the foundation aims to enhance philanthropy, increase fundraising, serve as a resource, and reduce costs for these local foundations. The organization's mission is centered around supporting various Essentia Health-related organizations and tax-exempt entities, providing charitable funding for patient compassionate care initiatives, capital improvements, equipment and supplies, community education and outreach, research, and employee assistance. In 2022, the foundation received $1.9 million in donations from nearly 5,000 donors, distributing $1.6 million to its supported organizations and community programs.
Official website here: www.essentiahealth.org
What is the revenue of Essentia Health Foundation?
Essentia Health Foundation's revenue in 2023 was $5,508,669.
Official website here: www.essentiahealth.org
Who are the executives of Essentia Health Foundation and what are their salaries?
The average compensation at Essentia Health Foundation during 2023 was $84,656. There are 14 employees and 114 volunteers at Essentia Health Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $513,046
- Other: $51,141
- Compensation: $275,861
- Related: $0
- Other: $27,738
- Compensation: $136,159
- Related: $0
- Other: $31,663
- Compensation: $123,940
- Related: $0
- Other: $26,218
- Compensation: $136,045
- Related: $0
- Other: $8,914
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.essentiahealth.org
Where can I find the form 990 for Essentia Health Foundation?
Essentia Health Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.essentiahealth.org
Learn more at the official website: www.essentiahealth.org
Mission Statement of Essentia Health Foundation
Essentia Health Foundation is dedicated to making a positive impact on people's lives by fostering charitable support for patient care. Their mission is to serve as an umbrella for local foundations within the Essentia Health system, building on shared strengths and providing economies of scale. This organization strives to cultivate a culture of philanthropy, increase fundraising, act as a resource to local foundations and the Essentia system, and reduce costs for local foundations. Essentia Health Foundation is organized to operate exclusively for charitable, educational, scientific, and religious purposes, benefiting certain Essentia Health supported organizations and tax-exempt entities identified in their respective articles of incorporation. The foundation facilitates charitable fundraising for and on behalf of these organizations, with donations being received from various sources such as companies, foundations, individuals, physicians, and staff. The donations contribute to various charitable needs, including patient compassionate care initiatives, capital improvements, equipment and supplies, community education and outreach, research, and employee assistance. Essentia Health Foundation provides programmatic support through the disbursement of foundation funds to programs administered by Essentia Health-related organizations to benefit patients, families, and staff, furthering their mission.
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Impact
October, 2024
Essentia Health Foundation significantly enhances patient care and community health through strategic charitable support. In 2022, the foundation received $1.9 million in donations from nearly 5,000 supporters, with local advisory boards allocating $1.6 million to various healthcare initiatives and community programs. This funding bolsters compassionate care initiatives, capital improvements, and community outreach, directly impacting the lives of patients and families served by Essentia Health.
Operating within an integrated health system that serves rural populations across Minnesota, Wisconsin, and North Dakota, the foundation plays a crucial role in ensuring access to necessary medical care. Essentia Health's extensive network, including 14 hospitals and around 70 clinics, facilitates access to essential healthcare for residents who otherwise might face significant travel challenges. This accessibility is especially critical for those with limited economic means.
In addition to immediate patient care, the foundation supports educational programs, research, and enhanced services that strengthen community health initiatives. The comprehensive community benefits, exceeding $165 million in the previous fiscal year, reflect the foundation’s commitment to delivering vital health services and addressing the unique needs of diverse populations. By acting as a centralized resource, Essentia Health Foundation effectively mobilizes philanthropic support to foster a culture of giving that enriches health outcomes in the communities it serves.
This information is meant to be a general summary of Essentia Health 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 2023.
- Investment Income: $633,634
- Gross Receipts: $11,388,542
Assets and Liabilities:
- Total Assets: $33,678,757
- Total Liabilities: $2,595,075
- Net Assets: $31,083,682
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Organization Details
Founding Year
2009
Principal Officer
Leann Mouw
Website
www.essentiahealth.orgNTEE Category
Code: E11 - Health
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