Overview
What is Cvs Health Employee Relief Fund?
The Cvs Health Employee Relief Fund is a charitable initiative, established to offer prompt and temporary aid to employees of CVS Health who encounter personal hardships due to unforeseen circumstances such as natural disasters, family tragedies, or unanticipated events. The fund's primary goal is to provide immediate relief during times of distress, ensuring the well-being of its workforce.
Official website here: www.cvshealth.com/social-responsibility
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The CVS Health Employee Relief Fund has received a low rating of 58% from Charity Navigator, indicating concerns about accountability and transparency. The organization lacks independent board members and has several missing policies, including a whistleblower policy and document retention guidelines. Despite high program expense ratios, suggesting that funds are directed towards programs rather than administrative costs, the overall governance practices raise flags for potential donors.
User reviews reflect a mixed experience, with some clients expressing frustration over the long processing times for assistance applications. One reviewer noted waiting for five months without any updates, which has resulted in distress during a medical crisis. In contrast, others have reported positive experiences with timely approvals, highlighting a significant disparity in service delivery.
Overall, while the CVS Health Employee Relief Fund aims to assist employees during challenging times, its low rating and inconsistent user experiences point to a need for improvement in operational efficiency and communication with those seeking help. Enhancements in governance and responsiveness could lead to better outcomes for clients in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cvs Health Employee Relief Fund legitimate?
Cvs Health Employee Relief Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cvs Health Employee Relief Fund 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
Official website here: www.cvshealth.com/social-responsibility
What is the mission statement of Cvs Health Employee Relief Fund?
The Cvs Health Employee Relief Fund is established with the mission to offer short-term, immediate assistance to employees of CVS Health who have experienced hardships due to various unforeseen circumstances, such as natural disasters, family deaths, medical emergencies, or other designated events. The primary goal of this fund is to provide financial relief during challenging times, thereby offering support and reassurance to the affected employees during their periods of need.
Official website here: www.cvshealth.com/social-responsibility
Who is the CEO of Cvs Health Employee Relief Fund?
David L Casey is the President/Director (Thru 4/30/22) of Cvs Health Employee Relief Fund.
Official website here: www.cvshealth.com/social-responsibility
What is the revenue of Cvs Health Employee Relief Fund?
Cvs Health Employee Relief Fund's revenue in 2022 was $1,521,830.
Official website here: www.cvshealth.com/social-responsibility
Who are the executives of Cvs Health Employee Relief Fund and what are their salaries?
There 9 volunteers at Cvs Health Employee Relief Fund.
Here are 8 key members and their salaries:
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Official website here: www.cvshealth.com/social-responsibility
Where can I find the form 990 for Cvs Health Employee Relief Fund?
Cvs Health Employee Relief Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cvshealth.com/social-responsibility
Learn more at the official website: www.cvshealth.com/social-responsibility
Mission Statement of Cvs Health Employee Relief Fund
The Cvs Health Employee Relief Fund is a charitable organization with a mission to offer short-term, immediate aid to employees of CVS Health who have endured hardship due to various unforeseen circumstances. These events can include natural disasters, the loss of a family member, medical emergencies, or other unanticipated situations. The fund's primary objective is to provide timely assistance to these affected individuals, helping them navigate through challenging times and minimize the impact of these events on their lives. The relief provided by the Cvs Health Employee Relief Fund serves as a vital safety net, ensuring that CVS Health employees can focus on their recovery and well-being during their time of need.
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Impact
October, 2024
The CVS Health Employee Relief Fund plays a crucial role in providing immediate support to employees facing significant hardships due to natural disasters, family deaths, medical emergencies, or other unforeseen events. By offering short-term relief, the fund helps alleviate financial stress for affected employees, enabling them to focus on recovery and stability during challenging times. This initiative fosters a sense of community and support within CVS Health, reinforcing the company's commitment to the well-being of its workforce. The timely assistance allows employees to navigate crises more effectively, ensuring they receive the necessary resources to rebuild their lives and continue contributing to the organization. Overall, the fund significantly impacts employee morale and retention by demonstrating care and solidarity during critical moments.
This information is meant to be a general summary of Cvs Health Employee Relief Fund. 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.
- Gross Receipts: $1,521,830
Assets and Liabilities:
- Total Assets: $826,644
- Total Liabilities: $44,717
- Net Assets: $781,927
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Organization Details
Founding Year
2010
Phone
(401) 770-1500Principal Officer
David L Casey
Main Address
ONE CVS DRIVE, WOONSOCKET, RI, 028956184
NTEE Category
Code: P60 - Human services
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