Overview
What is Promedica Foundation?
The Promedica Foundation is a nonprofit organization based in Toledo, Ohio. Their mission revolves around promoting health and well-being by supporting medical care, medical education, medical research, and addressing social determinants of health. They generate income and resources to enhance the provision of healthcare services by Promedica Health System, Inc. entities. Through soliciting contributions, providing grants, and investing funds, the Promedica Foundation aims to inspire excellence in healthcare and improve community members' quality of life.
Official website here: www.promedica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Promedica Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization's commitment to financial transparency and responsible management of resources, with no material diversion of assets reported. The foundation has particularly excelled in areas such as financial statements oversight and governance policies, which are essential for building trust with donors and stakeholders.
Strengths highlighted in the evaluation include a strong audit and oversight committee and an excellent liabilities to assets ratio, reinforcing the foundation's financial health. Additionally, the organization maintains effective policies in conflict of interest and whistleblower protections, which contribute to its overall credibility. The program expense ratio signifies that a significant portion of funds is allocated towards programs, aligning with the foundation's mission.
However, the foundation's fundraising efficiency could be improved, as indicated by a relatively high cost to raise funds. This suggests that while the organization is effective in its operations, it may need to refine its strategies for attracting donations more economically. Overall, while Promedica Foundation demonstrates a strong commitment to accountability, there remain opportunities for enhancing fundraising practices.
This AI summary has been generated from information found on Charity Navigator.
Is Promedica Foundation legitimate?
Promedica Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promedica 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: $0
Professional Fundraising Fees: $491,218
Other Salaries and Wages: $3,170,033
For more financial information, click here
Official website here: www.promedica.org
What is the mission statement of Promedica Foundation?
The Promedica Foundation works to enhance the provision of healthcare in the community by generating and directing resources towards enriching existing programs and funding new services. This mission inspires excellence in healthcare and improves the quality of life for people in the community. The foundation supports medical care, medical education, medical research, and social determinants of health. It solicits contributions, provides grants, and invests funds to generate income for entities within the Promedica Health System.
Official website here: www.promedica.org
Who is the CEO of Promedica Foundation?
Terrence Metzger is the Trustee of Promedica Foundation. The CEO's salary of Promedica Foundation is $0 and their total compensation is $1,618,580.
Official website here: www.promedica.org
What is the revenue of Promedica Foundation?
Promedica Foundation's revenue in 2022 was $21,490,515.
Official website here: www.promedica.org
Who are the executives of Promedica Foundation and what are their salaries?
There 100 volunteers at Promedica Foundation.
Here are 14 key members and their salaries (Promedica Foundation's CEO's salary is $0 and their total compensation is $1,618,580):
- Compensation: $0
- Related: $858,024
- Other: $10,246
- Compensation: $0
- Related: $1,605,830
- Other: $12,750
- Compensation: $0
- Related: $565,615
- Other: $4,880
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,476,040
- Other: $3,579
- Compensation: $0
- Related: $50,000
- Other: $0
- Compensation: $0
- Related: $2,435,815
- Other: $41,525
- Compensation: $0
- Related: $927,467
- Other: $44,223
- Compensation: $0
- Related: $683,615
- Other: $6,102
- Compensation: $0
- Related: $150,787
- Other: $2,994
- Compensation: $0
- Related: $300,364
- Other: $6,313
- Compensation: $0
- Related: $173,446
- Other: $0
Official website here: www.promedica.org
Where can I find the form 990 for Promedica Foundation?
Promedica Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promedica.org
Learn more at the official website: www.promedica.org
Mission Statement of Promedica Foundation
The Promedica Foundation, a dedicated organization, is committed to generating and allocating resources to enrich existing programs and fund new services. Its mission inspires excellence in the provision of healthcare and enhances the quality of life for the community it serves. The foundation channels its efforts towards promoting health and well-being through medical care, medical education, medical research, and addressing social determinants of health. By soliciting contributions, providing grants, and investing funds, the Promedica Foundation supports entities within the Promedica Health System, Inc. This strategic approach to resource management strengthens the foundation's ability to make a significant impact on the lives of those in need.
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Impact
October, 2024
Promedica Foundation plays a critical role in enhancing health and well-being within the community by enriching existing healthcare programs and launching new services. Through strategic resource generation and allocation, the foundation supports medical care, education, and research, addressing important social determinants of health.
By soliciting contributions, providing grants, and investing funds, Promedica Foundation creates a sustainable income stream that bolsters various entities within the Promedica Health System. This impactful approach not only inspires excellence in healthcare provision but also significantly enhances the quality of life for individuals and families in Toledo, Ohio, and beyond. Their commitment to promoting health ensures that vital medical services and programs continue to thrive, ultimately benefiting the broader community.
This information is meant to be a general summary of Promedica 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: $9,062,063
- Gross Receipts: $71,769,433
Assets and Liabilities:
- Total Assets: $332,575,061
- Total Liabilities: $1,984,612
- Net Assets: $330,590,449
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Organization Details
Founding Year
1986
Phone
(567) 585-3618Principal Officer
Terrence Metzger
Main Address
100 MADISON AVE ATTN TAX DEPARTM, TOLEDO, OH, 43604
Website
www.promedica.orgNTEE Category
Code: E110 - Health
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