Overview
What is Advocate Charitable Foundation?
Advocate Charitable Foundation is a philanthropic organization based in Oak Brook, Illinois, dedicated to supporting Advocate Health Care. The foundation raises funds for various hospitals and caregivers within this non-profit network, and the donor has the liberty to specify the program or hospital that benefits from their gift. The foundation serves as a fiduciary agent, ensuring that all donations are allocated towards the donor's intended purposes and programs. Advocate Health Care consists of several hospitals, including Advocate Christ Medical Center, Advocate Good Samaritan Hospital, and various system-wide programs. The foundation supports various clinical programs and initiatives, such as providing resources for special needs patients, enhancing clinic programs through capital purchases, and engaging in community outreach programs. These efforts encompass school-based health clinics, dental programs for special needs populations, and patient family support, among other services.
Official website here: www.advocatehealth.com
What are the reviews and ratings of this charity?
Charity Navigator rates Advocate Charitable Foundation at 82%, reflecting a Three-Star out of Four Star rating based on its Accountability & Finance score. The score indicates that the organization has a strong governance structure and financial health, with 83% of the board being independent and a well-managed asset-to-liability ratio. However, the charity lacks some transparency regarding financial statements, as they have not posted their tax documents on their website.
The foundation has notable financial strengths, including a high program expense ratio of 71.41% and a solid working capital ratio. These metrics suggest that a significant portion of its expenditures are directed toward its charitable programs, while it maintains a strong financial position with low liabilities. Conversely, the fundraising efficiency ratio is relatively low at $0.33, indicating that the charity may not be maximizing its fundraising potential.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving us without feedback from the public regarding their experiences with the organization. Overall, while the Advocate Charitable Foundation demonstrates good accountability and financial oversight, there is room for improvement in transparency and fundraising efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Advocate Charitable Foundation legitimate?
Advocate Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advocate Charitable 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: $1,358,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,827,157
For more financial information, click here
Official website here: www.advocatehealth.com
What is the mission statement of Advocate Charitable Foundation?
The Advocate Charitable Foundation's mission is centered around supporting Advocate Health Care, a non-profit network of hospitals and caregivers. The foundation seeks to cultivate philanthropic partnerships and amplify charitable contributions for Advocate Health Care's clinical, educational, and research programs. By leveraging donations, the foundation contributes to covering operational expenses and financing capital expenditures for equipment and facility improvements. The foundation's efforts also extend to supporting special needs patients, enhancing clinical programs, and engaging in community outreach initiatives, such as school-based health clinics and faith community partnerships.
Official website here: www.advocatehealth.com
Who is the CEO of Advocate Charitable Foundation?
Randy Varju is the President & Chief Development Officer, Director of Advocate Charitable Foundation.
Official website here: www.advocatehealth.com
What is the revenue of Advocate Charitable Foundation?
Advocate Charitable Foundation's revenue in 2022 was $9,771,684.
Official website here: www.advocatehealth.com
Who are the executives of Advocate Charitable Foundation and what are their salaries?
The average compensation at Advocate Charitable Foundation during 2022 was $108,522. There are 57 employees and 250 volunteers at Advocate Charitable Foundation.
Here are 31 key members and their salaries:
- Compensation: $0
- Related: $8,000
- Other: $0
- Compensation: $577,025
- Related: $0
- Other: $84,229
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $381,185
- Other: $21,916
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $7,634,095
- Other: $591,891
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,000
- 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: $2,304,330
- Other: $214,335
- Compensation: $243,256
- Related: $0
- Other: $40,642
- Compensation: $0
- Related: $664,780
- Other: $103,379
- Compensation: $0
- Related: $587,048
- Other: $98,816
- Compensation: $71,662
- Related: $0
- Other: $5,420
- Compensation: $0
- Related: $1,338,491
- Other: $132,454
- Compensation: $0
- Related: $864,327
- Other: $120,559
- Compensation: $0
- Related: $1,049,258
- Other: $123,675
- Compensation: $0
- Related: $523,937
- Other: $91,064
- Compensation: $0
- Related: $1,520,998
- Other: $165,810
- Compensation: $221,682
- Related: $0
- Other: $37,754
- Compensation: $317,470
- Related: $0
- Other: $41,748
- Compensation: $260,196
- Related: $0
- Other: $36,815
- Compensation: $306,372
- Related: $0
- Other: $51,028
- Compensation: $204,707
- Related: $0
- Other: $19,436
- Compensation: $0
- Related: $1,020,814
- Other: $15,549
- Compensation: $0
- Related: $518,002
- Other: $95,446
- Compensation: $0
- Related: $968,247
- Other: $32,298
- Compensation: $0
- Related: $315,343
- Other: $47,107
Official website here: www.advocatehealth.com
Where can I find the form 990 for Advocate Charitable Foundation?
Advocate Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advocatehealth.com
Learn more at the official website: www.advocatehealth.com
Mission Statement of Advocate Charitable Foundation
Advocate Charitable Foundation, a philanthropic organization, is committed to supporting Advocate Health Care, a non-profit network of hospitals and caregivers. Their mission is threefold: to foster partnerships with donors, cultivate generous contributions, and boost charitable support for Advocate Health Care's clinical, educational, and research programs. By serving as a fiduciary agent for donors, Advocate Charitable Foundation ensures that every penny donated is used for the intended purposes and programs.
The foundation's work encompasses providing general and clinical support to Advocate Health Care. Donor gifts contribute to funding clinical programs, reimbursing operating expenses, and financing capital expenditures for equipment and facility renovations and construction. Advocate Charitable Foundation's commitment extends beyond the hospital walls with community outreach programs. These initiatives, funded by donations, include school-based health clinics, dental programs for special needs populations, faith community partnerships, childhood immunizations, and addiction counseling, among other services.
In summary, Advocate Charitable Foundation plays a significant role in strengthening Advocate Health Care's capabilities. By securing philanthropic partnerships and leveraging donor contributions, the foundation supports the hospital network's clinical, educational, and research endeavors. Their mission is to enhance the overall well-being of the community and ensure that Advocate Health Care continues to provide top-notch care to its patients.
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Impact
October, 2024
Advocate Charitable Foundation significantly impacts the healthcare landscape by raising funds that directly support a variety of critical clinical programs and hospital services. Donors have the unique opportunity to designate how their contributions are utilized, ensuring that funds are directed towards specific programs or hospitals according to their preferences. This model fosters a strong sense of community involvement and tailored support, addressing the unique health needs of populations served by Advocate Health Care.
The foundation's support enhances a multitude of clinical initiatives, from operating expense reimbursements to capital expenditures for essential equipment and facility renovations. Notably, programs catering to special needs patients are prioritized, including clinics for adults with Down syndrome, therapy for childhood sexual trauma, and extensive dental care provisions for individuals with disabilities. Such programs not only improve healthcare access but also contribute significantly to the overall quality of life for underserved demographics.
Investment in physical infrastructure is another focal point, with donations enabling the upgrade and expansion of critical facilities such as emergency rooms, surgical suites, and specialized cancer and cardiac care centers. This underscores a commitment to not only maintaining but also advancing the standards of care available within the community.
Advocate Charitable Foundation also plays an essential role in community outreach, sponsoring programs that include school-based health clinics, addiction counseling, and health communication initiatives tailored for the deaf. Through partnerships with faith communities and various organizations, the foundation addresses broader health education, immunization initiatives, and critical support services aimed at diverse populations, including children and older adults.
In essence, the foundation's work is integral to fostering philanthropic partnerships that enhance the clinical, educational, and research capabilities of Advocate Health Care, thereby making a lasting impact on the health and wellbeing of the communities it serves.
This information is meant to be a general summary of Advocate Charitable 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: -$8,622,987
- Gross Receipts: $18,732,703
Assets and Liabilities:
- Total Assets: $195,506,978
- Total Liabilities: $9,918,936
- Net Assets: $185,588,042
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Organization Details
Founding Year
1984
Phone
(414) 299-1862Principal Officer
Randy Varju
Main Address
2025 WINDSOR DRIVE, OAK BROOK, IL, 60523
Website
www.advocatehealth.comNTEE Category
Code: E122 - Health
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