Overview
What is Mount Sinai Hospital Medical Center Endowment Foundation?
The Mount Sinai Hospital Medical Center Endowment Foundation is a charitable organization, specifically established to support and serve the purposes of the Mount Sinai Hospital Medical Center in Chicago, Illinois. Based at 30 South Wells Street, this foundation makes distributions to benefit the medical center directly. Its mission is closely tied to the not-for-profit Mount Sinai Hospital Medical Center, working to advance its objectives and contribute to its overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Mount Sinai Hospital Medical Center Endowment Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is derived entirely from the Accountability & Finance category, where the foundation achieved an impressive 94%. This indicates that the organization is managing its resources effectively while maintaining transparency and integrity.
Strengths of the foundation include a fully independent board composed of 10 members, which demonstrates strong governance practices. Additionally, they have no material diversion of assets and have established policies for conflict of interest, whistleblowing, and document retention, all of which contribute to robust operational standards. The foundation also maintains a favorable liabilities to assets ratio of 0.00%, showcasing financial stability.
One noteworthy aspect is the program expense ratio of 76.91%, indicating that a significant portion of their expenditures directly supports their mission-related activities. This focus on programmatic spending, alongside their solid governance and financial practices, underscores the foundation's dedication to effectively serving its community and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Sinai Hospital Medical Center Endowment Foundation legitimate?
Mount Sinai Hospital Medical Center Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Sinai Hospital Medical Center Endowment 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.
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What is the mission statement of Mount Sinai Hospital Medical Center Endowment Foundation?
The Mount Sinai Hospital Medical Center Endowment Foundation was established with the sole purpose of supporting the operations and objectives of the Mount Sinai Hospital Medical Center of Chicago, a non-profit organization. The foundation's role is to make contributions for the betterment of this medical center. The aim is to contribute to the hospital's well-being and uphold its mission. The foundation does not operate independently but serves as a benefactor to the Mount Sinai Hospital Medical Center of Chicago.
Who is the CEO of Mount Sinai Hospital Medical Center Endowment Foundation?
Kenneth Avner is the President of Mount Sinai Hospital Medical Center Endowment Foundation.
What is the revenue of Mount Sinai Hospital Medical Center Endowment Foundation?
Mount Sinai Hospital Medical Center Endowment Foundation's revenue in 2022 was $168,832.
Who are the executives of Mount Sinai Hospital Medical Center Endowment Foundation and what are their salaries?
There 11 volunteers at Mount Sinai Hospital Medical Center Endowment Foundation.
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Where can I find the form 990 for Mount Sinai Hospital Medical Center Endowment Foundation?
Mount Sinai Hospital Medical Center Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Sinai Hospital Medical Center Endowment Foundation
The Mount Sinai Hospital Medical Center Endowment Foundation was established with a noble intention. Its primary mission is dedicated to supporting and advancing the objectives of the Mount Sinai Hospital Medical Center of Chicago, a renowned not-for-profit organization. The Foundation exists to channel resources towards the betterment of this medical center, ensuring it continues to provide exceptional healthcare services to its community. The distributions made by the Foundation directly benefit the Mount Sinai Hospital Medical Center of Chicago, contributing to its overall growth and success.
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Impact
October, 2024
Mount Sinai Hospital Medical Center Endowment Foundation plays a crucial role in supporting the initiatives and programs of the Mount Sinai Hospital Medical Center in Chicago. By facilitating financial distributions, the Foundation enhances the hospital’s capacity to provide high-quality healthcare services to the community.
The Foundation's efforts enable the hospital to invest in advanced medical technologies, improve patient care, and expand health services, ultimately contributing to better health outcomes for patients. Furthermore, these resources support educational programs for medical staff, ensuring that they are equipped with the latest knowledge and skills.
Overall, the impact of the Mount Sinai Hospital Medical Center Endowment Foundation is evident in its ability to strengthen the hospital's operations and enhance the quality of care it delivers to the diverse community it serves.
This information is meant to be a general summary of Mount Sinai Hospital Medical Center Endowment 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: $146,054
- Gross Receipts: $168,587
Assets and Liabilities:
- Total Assets: $1,926,281
- Total Liabilities: $0
- Net Assets: $1,926,281
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Organization Details
Founding Year
1999
Phone
(312) 357-4790Principal Officer
Kenneth Avner
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: E110 - Health
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