Overview
What is Barrett Hospital Foundation Inc?
Barrett Hospital Foundation Inc is a charitable organization situated in Dillon, Montana. Their primary role is to collect funds, which are then utilized to enhance the equipment and services offered by Barrett Hospital Development Corporation. This corporation operates the hospital for the Public Hospital District in Beaverhead County. In the recent fiscal year, the Foundation contributed a substantial amount of $483,713 to support the hospital's operations, in addition to funding for the SouthWest Montana Mammography Program and scholarships. The Foundation also received in-kind services worth $127,358 from Barrett Hospital Development Corporation during the same period. In essence, the Barrett Hospital Foundation's mission is to foster philanthropy and invest in healthcare improvement, ensuring the community continues to benefit from top-notch medical services.
Official website here: www.barretthospital.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Barrett Hospital Foundation Inc has earned a commendable Four-Star rating due to its strong performance in accountability and finance. The organization scored 90% in this category, with an impressive program expense ratio of 97.01%, indicating a high level of funds directed toward its mission rather than administrative costs. Additionally, the foundation has a robust financial health profile, evidenced by a working capital ratio of 13.26 years and no reported liabilities to assets, showcasing its fiscal stability.
The governance of Barrett Hospital Foundation is also notable, with an independent board comprising 81% independent members, which enhances decision-making and accountability. However, while the organization has a comprehensive audit and oversight mechanism in place, some policies are missing, such as a whistleblower policy and a document retention and destruction policy. These gaps, along with the absence of documented board meeting minutes being distributed to members before filing, point to areas where the organization could improve its governance practices.
Overall, the foundation demonstrates a solid commitment to transparency and efficient use of resources. With the majority of its funding effectively allocated to programs, Barrett Hospital Foundation Inc stands out as a responsible nonprofit. However, addressing the identified governance limitations could further strengthen its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Barrett Hospital Foundation Inc legitimate?
Barrett Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barrett Hospital Foundation 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: $0
For more financial information, click here
Official website here: www.barretthospital.org/foundation
What is the mission statement of Barrett Hospital Foundation Inc?
The Barrett Hospital Foundation's mission revolves around engaging in healthcare philanthropy and stewardship. Their primary goal is to manage funds, services, and programs to enhance the quality of healthcare provided by Barrett Hospital, ensuring continuous excellence for the community. Through fundraising efforts, the foundation supports the hospital by providing funds for up-to-date equipment, ultimately better serving patients. During the previous year, the Barrett Hospital Foundation contributed $483,713 to Barrett Hospital Development Corporation's services, in addition to supporting the SouthWest Montana Mammography Program and scholarship allocations. In return, Barrett Hospital Development Corporation provided in-kind services worth $127,358 to the foundation during the fiscal year.
Official website here: www.barretthospital.org/foundation
Who is the CEO of Barrett Hospital Foundation Inc?
Brooke Erb is the Director of Barrett Hospital Foundation Inc. The CEO's salary of Barrett Hospital Foundation Inc is $0 and their total compensation is $0.
Official website here: www.barretthospital.org/foundation
What is the revenue of Barrett Hospital Foundation Inc?
Barrett Hospital Foundation Inc's revenue in 2022 was $611,476.
Official website here: www.barretthospital.org/foundation
Who are the executives of Barrett Hospital Foundation Inc and what are their salaries?
There 14 volunteers at Barrett Hospital Foundation Inc.
Here are 15 key members and their salaries (Barrett Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $276,428
- Other: $20,001
- Compensation: $0
- Related: $135,668
- Other: $26,369
- Compensation: $0
- Related: $53,781
- Other: $20,040
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Official website here: www.barretthospital.org/foundation
Where can I find the form 990 for Barrett Hospital Foundation Inc?
Barrett Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.barretthospital.org/foundation
Learn more at the official website: www.barretthospital.org/foundation
Mission Statement of Barrett Hospital Foundation Inc
Barrett Hospital Foundation Inc, a philanthropic organization, is dedicated to supporting Barrett Hospital and its healthcare services. Their mission is to engage in healthcare philanthropy, manage funds, and provide services to enhance the hospital's operations. The foundation's primary aim is to ensure continuous healthcare excellence within the community. They achieve this by raising funds for technologically advanced equipment, ultimately improving patient care. In the recent fiscal year, Barrett Hospital Foundation Inc provided $483,713 in financial backing for the services offered by Barrett Hospital Development Corporation. Moreover, the foundation also supported the SouthWest Montana Mammography Program and allocated funds for scholarships. Barrett Hospital Development Corporation, which manages the hospital for the Public Hospital District for Beaverhead County, offered in-kind services worth $127,358 to the foundation during the same period.
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Impact
July, 2024
Barrett Hospital Foundation Inc raises funds to support the services provided by Barrett Hospital Development Corporation. They help ensure that the hospital has technologically up-to-date equipment, ultimately benefiting patients. During the past year, the Foundation raised over $480,000 to support the services at the hospital and also provided funding for the SouthWest Montana Mammography Program and scholarship allocations. Additionally, Barrett Hospital Development Corporation provided in-kind services worth over $120,000 to the Foundation. This demonstrates the Foundation's dedication to enhancing healthcare services and programs at Barrett Hospital, ultimately contributing to healthcare excellence in the community.
This information is meant to be a general summary of Barrett Hospital Foundation 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: $52,160
- Gross Receipts: $944,593
Assets and Liabilities:
- Total Assets: $1,242,478
- Total Liabilities: $30,567
- Net Assets: $1,211,911
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Organization Details
Founding Year
1989
Phone
(406) 683-3000Principal Officer
Brooke Erb
Main Address
600 Highway 91 South, Dillon, MT, 59725
NTEE Category
Code: E11 - Health
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