Overview
What is Children's Hospital Of Chicago Faculty Practice Plan Inc?
Children's Hospital of Chicago Faculty Practice Plan Inc is a nonprofit organization located in Chicago, Illinois, with a US address at 225 E Chicago Box 282, Chicago, IL, 60611. Their primary role involves providing support for salaries and research to related entities, specifically Ann & Robert H. Lurie Children's Hospital of Chicago and its affiliates. This organization engages in charitable activities, contributing to the clinical, research, and educational programs of the hospital and its affiliations. The mission of the Faculty Practice Plan is centered around improving children's health through collaborative efforts in the medical field.
Official website here: www.luriechildrens.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star Rating)
The Children's Hospital of Chicago Faculty Practice Plan Inc has received a low rating from Charity Navigator, primarily due to its accountability and finance metrics. The organization scored poorly in several areas, including a complete lack of independent board members, which is a significant factor in governance evaluation. While their financial oversight mechanisms like an audit committee are in place, the absence of independent oversight is concerning.
Despite having policies for conflict of interest, whistleblower protections, and proper documentation practices, the nonprofit's financial performance is a significant drawback. The program expense ratio is notably low at 32.86%, indicating that only a small portion of their funds is being allocated to direct programs and services, which might impact their effectiveness and public trust.
Overall, while the organization has some frameworks for transparency and accountability, the lack of independent governance and low program spending raises questions about its operational integrity and focus on mission-driven activities. Potential donors and supporters may want to carefully consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Children's Hospital Of Chicago Faculty Practice Plan Inc legitimate?
Children's Hospital Of Chicago Faculty Practice Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Hospital Of Chicago Faculty Practice Plan 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $739,984
For more financial information, click here
Official website here: www.luriechildrens.org
What is the mission statement of Children's Hospital Of Chicago Faculty Practice Plan Inc?
Children's Hospital of Chicago Faculty Practice Plan Inc supports charitable activities that aid in the clinical, research, and educational programs of related entities. Their mission revolves around contributing to these initiatives through funding for salaries and research. The organization's efforts are geared towards enhancing the capabilities of the hospital and its affiliates.
Official website here: www.luriechildrens.org
Who is the CEO of Children's Hospital Of Chicago Faculty Practice Plan Inc?
Unavailable
Official website here: www.luriechildrens.org
What is the revenue of Children's Hospital Of Chicago Faculty Practice Plan Inc?
Children's Hospital Of Chicago Faculty Practice Plan Inc's revenue in 2022 was $28,504,248.
Official website here: www.luriechildrens.org
Who are the executives of Children's Hospital Of Chicago Faculty Practice Plan Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $1,029,254
- Other: $180,328
- Compensation: $0
- Related: $756,576
- Other: $124,971
- Compensation: $0
- Related: $738,221
- Other: $150,036
- Compensation: $0
- Related: $637,657
- Other: $146,205
- Compensation: $0
- Related: $806,939
- Other: $38,500
- Compensation: $0
- Related: $437,257
- Other: $32,294
- Compensation: $0
- Related: $1,027,375
- Other: $38,500
- Compensation: $0
- Related: $638,772
- Other: $38,409
- Compensation: $0
- Related: $138,938
- Other: $0
Official website here: www.luriechildrens.org
Where can I find the form 990 for Children's Hospital Of Chicago Faculty Practice Plan Inc?
Children's Hospital Of Chicago Faculty Practice Plan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.luriechildrens.org
Learn more at the official website: www.luriechildrens.org
Mission Statement of Children's Hospital Of Chicago Faculty Practice Plan Inc
Children's Hospital of Chicago Faculty Practice Plan Inc, also known as FPP, is a charitable organization that plays a significant role in supporting Ann & Robert H. Lurie Children's Hospital of Chicago and its affiliates. FPP's mission is geared towards contributing to the clinical, research, and educational programs of these entities. In simple terms, FPP funds salaries and research for related organizations to enhance their capabilities and effectiveness in caring for children.
FPP is deeply committed to making a positive impact on the health and well-being of children. By providing essential financial support, FPP enables the hospitals and affiliated institutions to expand their reach and improve their services. The organization's efforts extend beyond monetary contributions, as it also actively engages in various charitable activities to further the objectives of Children's Hospital of Chicago and its partners.
In essence, FPP serves as a vital partner in the quest to advance pediatric care, research, and education. Its dedication to this cause ensures that the hospitals and affiliated entities can continue to deliver exceptional care to children in need. By funding salaries and research, FPP empowers healthcare professionals and researchers to explore new treatments and make breakthrough discoveries, ultimately leading to better outcomes for children.
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Impact
October, 2024
Children's Hospital of Chicago Faculty Practice Plan Inc plays a vital role in enhancing pediatric healthcare through its support of clinical, research, and educational initiatives. By providing essential program support for salaries and research, it strengthens the capabilities of the Ann & Robert H. Lurie Children’s Hospital of Chicago and its affiliates. This engagement not only fosters advancements in medical care but also promotes innovative research that can lead to breakthroughs in pediatric health.
The organization’s commitment to charitable activities significantly contributes to improving health outcomes for children. Its focus on education ensures that medical professionals are well-equipped to deliver high-quality care, while research funding enables the exploration of new treatments and therapies. Consequently, the impact of Children's Hospital of Chicago Faculty Practice Plan Inc extends far beyond immediate healthcare services, shaping the future of pediatric medicine and improving the overall well-being of children in the community and beyond.
This information is meant to be a general summary of Children's Hospital Of Chicago Faculty Practice Plan 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: -$38,314
- Program Service Revenue: $24,747,990
- Gross Receipts: $31,024,990
Assets and Liabilities:
- Total Assets: $25,046,408
- Total Liabilities: $1,592,360
- Net Assets: $23,454,048
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN TAX
Revenue
$10,339,455
HEALTH INS PREMIUM REIMBURSEMENTS
Revenue
$14,408,535
Organization Details
Founding Year
1985
Phone
(312) 227-6410Main Address
225 E CHICAGO BOX 282, CHICAGO, IL, 60611
Website
www.luriechildrens.orgNTEE Category
Code: E31 - Health
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