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Ingalls Health Ventures

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363239703 ✦ Harvey, IL ✦ Designated as a 501(c)(3)

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Overview

What is Ingalls Health Ventures?

Ingalls Health Ventures, based in Harvey, Illinois, serves as a supportive entity for Ingalls Memorial Hospital's Home Infusion Program. Their mission is multifaceted, aiming to promote health within the community and backing organizations that share a similar focus on healthcare services. The medical team at Ingalls Memorial Hospital offers personalized assistance to patients with home infusion needs, ensuring they receive the necessary care outside of the hospital setting. Ingalls Health Ventures is committed to furthering the interests and purposes of Ingalls Memorial Hospital and other community-oriented healthcare organizations.


Official website here: www.ingalls.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 66%)

Ingalls Health Ventures has received a rating indicating a need for improvement, primarily due to its low score in board independence. With no independent members on its board, it scored 0% in that area, which raises concerns about governance and oversight. However, the organization did well in certain financial aspects, such as having no material diversion of assets and maintaining a high program expense ratio of 98.82%, suggesting a strong commitment to its mission.

The nonprofit has implemented several key policies, including conflict of interest, whistleblower, and document retention policies, all of which were rated positively. It also scored full marks for financial statements audit and oversight, which underscores a level of accountability in financial reporting. Despite these strengths, the absence of independent board members and missing tax forms on its website highlight areas where Ingalls Health Ventures can improve.

Overall, while the organization demonstrates a solid commitment to its programs and fiscal responsibility, enhancing board independence and ensuring all required documentation is publicly available could significantly boost its rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Ingalls Health Ventures legitimate?

Ingalls Health Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ingalls Health Ventures 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.ingalls.org

What is the mission statement of Ingalls Health Ventures?

Ingalls Health Ventures (IHV) is committed to supporting Ingalls Memorial Hospital and advocating for the health of the community at large. Their mission involves promoting and assisting organizations that share a focus on community health and healthcare services. Specifically, IHV supports the Ingalls Health Ventures Home Infusion Program, where the medical staff from Ingalls Memorial Hospital provides personalized services for patients requiring home infusion treatments.


Official website here: www.ingalls.org

Who is the CEO of Ingalls Health Ventures?

Unavailable


Official website here: www.ingalls.org

What is the revenue of Ingalls Health Ventures?

Ingalls Health Ventures's revenue in 2022 was $82,322.


Official website here: www.ingalls.org

Who are the executives of Ingalls Health Ventures and what are their salaries?


Here are 8 key members and their salaries:


Douglas Saegesser (Secretary/Treasurer (Thru 9/8/2021))
  • Compensation: $0
  • Related: $447,895
  • Other: $35,479
Randy Neiswonger (Board Member/Interim President)
  • Compensation: $0
  • Related: $544,558
  • Other: $71,534
Sara Haggerty (Secretary/Treasurer (Eff 11/12/21))
  • Compensation: $0
  • Related: $310,126
  • Other: $21,533
Leslie (Les) R Stern (Board Member/President Care Network)
  • Compensation: $0
  • Related: $648,936
  • Other: $95,035
Ivan Samstein (Chief Financial Officer)
  • Compensation: $0
  • Related: $854,927
  • Other: $125,085
Brian Sinotte (Former President/Chairman (Thru 5/31/21))
  • Compensation: $0
  • Related: $423,750
  • Other: $7,627
Gary Gasbarra (Interim Cfo Til 6/30/17)
  • Compensation: $0
  • Related: $610,418
  • Other: $78,815
Richard W Silveria (Former Chief Financial Officer (Thru 4/22/21))
  • Compensation: $0
  • Related: $1,906,873
  • Other: $21,121


Official website here: www.ingalls.org

Where can I find the form 990 for Ingalls Health Ventures?

Ingalls Health Ventures's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ingalls.org

Learn more at the official website: www.ingalls.org

Mission Statement of Ingalls Health Ventures

Ingalls Health Ventures (IHV) is an organization committed to supporting Ingalls Memorial Hospital and promoting health within the community. Their mission is to align with and bolster the interests and objectives of Ingalls Memorial Hospital, as well as other organizations that prioritize community health and provide healthcare services. By doing so, IHV contributes to the wellbeing of the community, extending beyond the confines of a single institution.

One of the ways IHV accomplishes this mission is by supporting the Ingalls Health Ventures Home Infusion Program. This program enlists the medical staff of Ingalls Memorial Hospital to offer personalized services to patients requiring home infusion therapy. By providing this service, IHV helps ensure that patients can receive necessary care in the comfort of their own homes, thereby enhancing their overall health and quality of life. This initiative highlights IHV's dedication to promoting health and wellbeing within the community, leveraging the expertise of Ingalls Memorial Hospital to deliver essential healthcare services.

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Impact




October, 2024

Ingalls Health Ventures significantly impacts community health by supporting Ingalls Memorial Hospital and facilitating essential healthcare services. One of its key initiatives is the Home Infusion Program, which allows patients to receive intravenous medications and therapies in the comfort of their homes. This program not only enhances patient convenience and quality of life but also helps reduce hospital readmissions and healthcare costs. By promoting health initiatives and supporting various healthcare services, Ingalls Health Ventures plays a vital role in improving the overall well-being of the community in Harvey, IL, and surrounding areas. Through its efforts, it fosters a healthier community by ensuring that quality healthcare is accessible and tailored to individual patient needs.




This information is meant to be a general summary of Ingalls Health Ventures. 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.

Revenue
$82,322 (2022)
Expenses
$697,380 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $82,212
  • Gross Receipts: $82,322

Assets and Liabilities:

  • Total Assets: $2,734,873
  • Total Liabilities: $90,939,909
  • Net Assets: -$88,205,036

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PHYSICIAN OFFICE RENTAL INCOME

Revenue

$82,212

Organization Details

Founding Year

1981

Main Address

One Ingalls Drive, Harvey, IL, 604263558

NTEE Category

Code: E32B - Health

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