Overview
What is Lake Hospital Foundation Inc?
Lake Hospital Foundation Inc, based in Shaker Heights, Ohio, is a dedicated nonprofit organization that aims to support Lake Health and its mission to serve the residents of Lake County and surrounding communities. In 2022, the foundation raised approximately $2.6 million, including investment gains, to benefit Lake Health. This support came in the form of capital funds, donated medical equipment, and distributions for various programs and services. These distributions included support for initiatives like the Tripoint Wellness Walk, emergency medicine, tuition and scholarships, community care, breast health, and the Employee Assistance Fund. Through their Employee Assistance Program, Lake Health team members contributed $50,010 to a fund benefiting fellow employees in need. The foundation's mission is to identify and secure financial and other resources in support of Lake Health, thereby contributing significantly to the community's healthcare system.
Official website here: www.uhhospitals.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Lake Hospital Foundation Inc has achieved a high score of 96%, earning it a Four-Star rating from Charity Navigator. This score reflects the charity’s strong accountability and financial health, which is crucial for donors seeking transparency and effective use of contributions. The rating is solely based on the Accountability & Finance beacon, indicating a robust performance in these areas.
The foundation excels with an independent board comprising 94% independent members, which promotes objective decision-making. Its financial practices are sound, with a program expense ratio of 83.34%, demonstrating a commitment to maximizing funds directed toward its mission. Additionally, the organization adheres to good governance practices, as evidenced by its conflict of interest policy, whistleblower policy, and regular documentation of board meeting minutes.
While the organization showcases a strong financial profile and governance structure, it's essential for potential donors to consider the organization's specific programs and impact when making contributions. Overall, Lake Hospital Foundation Inc stands out in terms of accountability and financial stewardship, making it a trustworthy option for charitable giving.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Hospital Foundation Inc legitimate?
Lake Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Hospital Foundation Inc 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: $295,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.uhhospitals.org
What is the mission statement of Lake Hospital Foundation Inc?
The Lake Hospital Foundation's mission is centered around identifying and securing financial and other resources to support Lake Health and its mission. This mission aims to benefit the residents of Lake County and surrounding communities. In 2022, the foundation raised approximately $2.6 million to support Lake Health, transferring capital funds and donated medical equipment worth approximately $654,000. Funds with donor restrictions and earnings from endowment funds amounting to approximately $672,000 were also distributed to support various Lake Health programs and services, including Tripoint Wellness Walk, Emergency Medicine, Tuition and Scholarships, Community Care, Breast Health, and the Employee Assistance Fund, among others. Additionally, through the Employee Assistance Program, Lake Health team members contributed $50,010 to a fund benefiting fellow employees in need of emergency financial assistance.
Official website here: www.uhhospitals.org
Who is the CEO of Lake Hospital Foundation Inc?
Mark Flash is the Trustee of Lake Hospital Foundation Inc.
Official website here: www.uhhospitals.org
What is the revenue of Lake Hospital Foundation Inc?
Lake Hospital Foundation Inc's revenue in 2022 was $688,702.
Official website here: www.uhhospitals.org
Who are the executives of Lake Hospital Foundation Inc and what are their salaries?
There 60 volunteers at Lake Hospital Foundation Inc.
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $468,423
- Other: $40,260
- Compensation: $0
- Related: $263,934
- Other: $28,312
- Compensation: $0
- Related: $227,051
- Other: $7,930
- 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: $365,425
- Other: $39,999
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $768,261
- Other: $51,924
- Compensation: $202,611
- Related: $0
- Other: $15,633
Official website here: www.uhhospitals.org
Where can I find the form 990 for Lake Hospital Foundation Inc?
Lake Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uhhospitals.org
Learn more at the official website: www.uhhospitals.org
Mission Statement of Lake Hospital Foundation Inc
Lake Hospital Foundation Inc's mission is centered around identifying and securing financial and other resources to support Lake Health and its mission. The organization's primary goal is to benefit the residents of Lake County and surrounding communities. By raising funds and providing capital resources, Lake Hospital Foundation Inc contributes to various programs and services offered by Lake Health, including emergency medicine, tuition and scholarships, community care, breast health, and the Employee Assistance Fund. Furthermore, through the Employee Assistance Program, Lake Health team members contribute to a fund that provides emergency financial assistance to their fellow employees in need. The Foundation's mission is instrumental in ensuring Lake Health has the necessary resources to deliver high-quality healthcare services to its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lake Hospital Foundation Inc's impact is significant in supporting Lake Health and its mission to benefit the residents of Lake County and surrounding communities. In 2022, the foundation raised approximately $2.6 million in support and revenue, which included capital funds and donated medical equipment of approximately $654 thousand transferred to Lake Health.
Moreover, distributions totaling approximately $672 thousand were made in support of Lake Health programs and services, including initiatives such as the TriPoint Wellness Walk, emergency medicine, tuition and scholarships, community care, breast health, and the Employee Assistance Fund. The Employee Assistance Program facilitated contributions totaling $50,010 from Lake Health team members to a fund that provides emergency financial assistance to fellow employees in need.
Through its fundraising efforts and support activities, Lake Hospital Foundation Inc plays a crucial role in enhancing healthcare services and overall well-being in the region.
This information is meant to be a general summary of Lake Hospital Foundation Inc. 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: $235,648
- Gross Receipts: $707,308
Assets and Liabilities:
- Total Assets: $22,464,716
- Total Liabilities: $5,958,100
- Net Assets: $16,506,616
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1983
Phone
(216) 844-1000Principal Officer
Mark Flash
Main Address
3605 WARRENSVILLE CTR RD MSC 9155, SHAKER HEIGHTS, OH, 44122
Website
www.uhhospitals.orgNTEE Category
Code: E22I - Health
If you are a representative of Lake Hospital Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.