Overview
What is Hancock Regional Hospital Foundation?
The Hancock Regional Hospital Foundation, established in September 1982, is a nonprofit organization based in Greenfield, Indiana. Its primary purpose, as outlined in its articles of incorporation, is to raise and utilize funds for the benefit of Hancock Regional Hospital and any organizations connected to it. The funds are allocated towards various purposes such as capital improvements, educational programs, medical research, and the initial capitalization of new or experimental services. The organization's mission is to support the advancement of healthcare and wellness within the communities it serves.
Official website here: www.hancockregionalhospital.org/foundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
Hancock Regional Hospital Foundation has demonstrated strong accountability and financial practices, earning an overall score of 87% based solely on its Accountability & Finance beacon. The foundation boasts a fully independent board with 100% of its members meeting this criterion, and it has established solid financial oversight with no material diversion of assets reported. Additionally, it maintains a favorable ratio of liabilities to assets, indicating sound financial health.
However, there are notable limitations in the foundation's compliance with certain governance policies. Specifically, both the conflict of interest policy and the whistleblower policy are missing, which can be crucial for fostering transparency and ethical practices. The program expense ratio is also slightly lower than desirable at 64.89%, suggesting that a higher percentage of funds could be directed towards programmatic activities rather than administrative costs.
Overall, while Hancock Regional Hospital Foundation shows commendable strengths in governance and financial management, addressing the gaps in policy documentation could enhance its operational integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hancock Regional Hospital Foundation legitimate?
Hancock Regional Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hancock Regional Hospital 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:
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Official website here: www.hancockregionalhospital.org/foundation
What is the mission statement of Hancock Regional Hospital Foundation?
The Hancock Regional Hospital Foundation's mission is centered around supporting the advancement of healthcare and wellness within the communities they serve. Established in 1982, the foundation's purpose, as outlined in its articles of incorporation, includes raising and expenditing funds for the benefit of Hancock Regional Hospital and any organizations connected to it. These funds are allocated towards various purposes such as capital improvements, educational programs including scholarships, medical or hospital-related research, and the initial capitalization for new or experimental services. The foundation's activities aim to improve the healthcare landscape in their served communities.
Official website here: www.hancockregionalhospital.org/foundation
Who is the CEO of Hancock Regional Hospital Foundation?
Kevin Harvey is the Chair/Officer of Hancock Regional Hospital Foundation.
Official website here: www.hancockregionalhospital.org/foundation
What is the revenue of Hancock Regional Hospital Foundation?
Hancock Regional Hospital Foundation's revenue in 2022 was $3,375,815.
Official website here: www.hancockregionalhospital.org/foundation
Who are the executives of Hancock Regional Hospital Foundation and what are their salaries?
There 90 volunteers at Hancock Regional Hospital Foundation.
Here are 19 key members and their salaries:
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- Related: $116,079
- Other: $37,850
Official website here: www.hancockregionalhospital.org/foundation
Where can I find the form 990 for Hancock Regional Hospital Foundation?
Hancock Regional Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hancockregionalhospital.org/foundation
Learn more at the official website: www.hancockregionalhospital.org/foundation
Mission Statement of Hancock Regional Hospital Foundation
The Hancock Regional Hospital Foundation, established in 1982, is dedicated to supporting the progress of healthcare and wellness within the communities it serves. As outlined in its Articles of Incorporation, the organization's primary objective is to raise and allocate funds for the betterment of Hancock Regional Hospital and any affiliated organizations. These funds are intended for various purposes, including capital improvements, educational programs, medical or hospital-related research, and the initial capitalization of new or experimental services. In essence, the Hancock Regional Hospital Foundation seeks to enhance the healthcare sector and promote wellness within the communities it serves through financial contributions and strategic initiatives.
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Impact
October, 2024
Hancock Regional Hospital Foundation plays a crucial role in enhancing healthcare and wellness across the communities it serves. Established in 1982, the foundation is dedicated to raising and distributing funds that support various initiatives related to Hancock Regional Hospital and its affiliated organizations.
The foundation's impact is multifaceted, focusing on important areas such as capital improvements that enhance hospital facilities, educational programs that offer scholarships to aspiring healthcare professionals, and funding for medical research aimed at advancing healthcare practices. Additionally, the foundation supports the initiation of new and experimental services, ensuring that the hospital remains at the forefront of healthcare innovation.
By actively investing in these key areas, Hancock Regional Hospital Foundation significantly contributes to the overall health and well-being of the community, fostering a robust healthcare environment that benefits everyone.
This information is meant to be a general summary of Hancock Regional Hospital 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: $7,037
- Gross Receipts: $3,505,437
Assets and Liabilities:
- Total Assets: $18,507,737
- Total Liabilities: $547,942
- Net Assets: $17,959,795
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Organization Details
Founding Year
1982
Phone
(317) 468-4583Principal Officer
Kevin Harvey
Main Address
801 N STATE STREET, GREENFIELD, IN, 46140
NTEE Category
Code: E11 - Health
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