Overview
What is Mount Carmel Health System Foundation?
The Mount Carmel Health System Foundation, established in 1984 and based in Columbus, Ohio, functions as the fundraising arm for Mount Carmel Health System and its affiliates. This nonprofit organization is dedicated to funding mission-critical health and education programs and services offered through Mount Carmel Health System. In fiscal year 2022, MCHS Foundation succeeded in raising approximately $2.3 million from individuals, corporations, private foundations, and government entities, with assistance from volunteers and generous supporters. These substantial contributions enable Mount Carmel Health System to address the significant medical, dental, and social service requirements of the uninsured and underinsured community and respond to the unmet needs of older adults. Mount Carmel Health System Foundation is an integral member of Mount Carmel and Trinity Health.
Official website here: www.mountcarmelfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
The Mount Carmel Health System Foundation has achieved a commendable Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. With an overall score of 93%, it reflects a commitment to transparency and responsible financial management. The foundation boasts a majority independent board and a comprehensive set of policies that guide its operations, indicating a high level of governance.
The organization has successfully maintained a low liabilities to assets ratio of 1.66%, showcasing its financial stability. Additionally, its program expense ratio is relatively high at 67.36%, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. These metrics are indicative of a nonprofit that prioritizes its mission and efficient use of funds.
Despite its strengths, the program expense ratio received a slightly lower score compared to other financial metrics, potentially indicating room for improvement in program execution or reporting. Overall, the Mount Carmel Health System Foundation demonstrates a solid operational framework and financial responsibility, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Carmel Health System Foundation legitimate?
Mount Carmel Health System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Carmel Health System 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: $416,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,002,582
For more financial information, click here
Official website here: www.mountcarmelfoundation.org
What is the mission statement of Mount Carmel Health System Foundation?
The Mount Carmel Health System Foundation serves as the fundraising arm for the mission-driven health and education programs and services of Mount Carmel Health System. Since its inception in 1984, the foundation has been dedicated to raising funds to support these initiatives. In the fiscal year 2022, the foundation successfully secured $2.27 million in donations from individuals, corporations, private foundations, and government entities. These contributions enable Mount Carmel Health System to address the medical, dental, and social service needs of the uninsured and underinsured community, as well as respond to the unique requirements of older individuals. The foundation's efforts contribute significantly to the compassionate and transforming healing presence of Mount Carmel and Trinity Health within their communities.
Official website here: www.mountcarmelfoundation.org
Who is the CEO of Mount Carmel Health System Foundation?
Lorraine Lutton is the Director; Mount Carmel Ceo of Mount Carmel Health System Foundation. The CEO's salary of Mount Carmel Health System Foundation is $0 and their total compensation is $1,307,174.
Official website here: www.mountcarmelfoundation.org
What is the revenue of Mount Carmel Health System Foundation?
Mount Carmel Health System Foundation's revenue in 2022 was $24,423,101.
Official website here: www.mountcarmelfoundation.org
Who are the executives of Mount Carmel Health System Foundation and what are their salaries?
There 382 volunteers at Mount Carmel Health System Foundation.
Here are 36 key members and their salaries (Mount Carmel Health System Foundation's CEO's salary is $0 and their total compensation is $1,307,174):
- Compensation: $0
- Related: $1,057,376
- Other: $249,798
- Compensation: $0
- Related: $828,417
- Other: $55,521
- Compensation: $0
- Related: $584,392
- Other: $125,903
- Compensation: $0
- Related: $457,921
- Other: $18,409
- Compensation: $0
- Related: $368,393
- Other: $89,753
- Compensation: $0
- Related: $319,976
- Other: $16,710
- Compensation: $0
- Related: $258,388
- Other: $21,781
- Compensation: $0
- Related: $151,728
- Other: $45,296
- Compensation: $0
- Related: $142,537
- Other: $11,389
- Compensation: $0
- Related: $112,538
- Other: $27,755
- Compensation: $0
- Related: $122,200
- Other: $16,486
- Compensation: $0
- Related: $22,243
- Other: $2,434
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Official website here: www.mountcarmelfoundation.org
Where can I find the form 990 for Mount Carmel Health System Foundation?
Mount Carmel Health System Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountcarmelfoundation.org
Learn more at the official website: www.mountcarmelfoundation.org
Mission Statement of Mount Carmel Health System Foundation
Mount Carmel Health System Foundation, a vital member of Mount Carmel and Trinity Health, is dedicated to supporting the programs and services of Mount Carmel Health System and its affiliates. In the spirit of the gospel, this compassionate organization serves as a transforming healing presence within its communities. Since its inception in 1984, Mount Carmel Health System Foundation has been committed to funding mission-driven health and education programs that cater to the medical, dental, and social service needs of the uninsured and underinsured.
The foundation's primary role is to secure the necessary resources for Mount Carmel Health System to extend its reach and address the unmet needs of the community, particularly for older adults. In fiscal year 2022, Mount Carmel Health System Foundation raised an impressive $2,269,064 from individuals, corporations, private foundations, and the federal and state government with the assistance of dedicated volunteers and generous friends. These contributions play a vital role in helping Mount Carmel Health System provide essential care to those in need.
Mount Carmel Health System Foundation, through its fundraising efforts, enables Mount Carmel Health System to continue its mission of serving with compassion and transforming lives. By supporting various health and education programs, the foundation ensures that the organization can meet the demands of the community and make a difference in the lives of those it serves.
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Impact
October, 2024
Mount Carmel Health System Foundation significantly impacts the community by providing critical support for the programs and services offered by Mount Carmel Health System and its affiliates. Since its establishment in 1984, the foundation has raised over $2.2 million in fiscal year 2022 alone, sourced from individuals, corporations, private foundations, and government entities.
These funds enable Mount Carmel Health System to effectively address the diverse medical, dental, and social service needs of uninsured and underinsured individuals, particularly older adults. The foundation’s commitment to funding mission-driven health and education programs facilitates access to essential services, ensuring that vulnerable populations receive the care they require. By fostering a compassionate healing presence, the foundation plays a vital role in transforming and uplifting the health landscape of the Columbus community.
This information is meant to be a general summary of Mount Carmel Health System 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: $22,053,436
- Gross Receipts: $24,423,101
Assets and Liabilities:
- Total Assets: $160,208,103
- Total Liabilities: $1,680,670
- Net Assets: $158,527,433
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Organization Details
Founding Year
1984
Phone
(614) 546-4000Principal Officer
Lorraine Lutton
Main Address
3100 EASTON SQUARE PL 300, COLUMBUS, OH, 432196290
NTEE Category
Code: E22Z - Health
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