Overview
What is Loretto Hospital Foundation?
Loretto Hospital Foundation is a nonprofit organization dedicated to enhancing healthcare access and quality in Chicago's largest Austin community. They achieve this by funding clinical equipment projects, capital improvements, and program development at Loretto Hospital. The primary mission of this organization is to raise funds in support of Loretto Hospital, aiming to contribute to its growth and better serve the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Loretto Hospital Foundation has earned a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The scoring reflects an overall assessment based entirely on its strong performance in the Accountability & Finance sector, where it scored 94%. This high rating suggests that the organization effectively manages its resources and demonstrates transparency in its financial practices.
One of the foundation's notable strengths is its board composition, with 81% of its members being independent. This independence, combined with a clear conflict of interest policy and other governance measures such as a whistleblower policy, underscores the foundation's commitment to integrity. Additionally, the foundation maintains a low liabilities-to-assets ratio of 9.91%, which indicates financial stability and sound fiscal health.
While the data provided highlights the foundation's strengths, no specific programmatic impact or beneficiary feedback is mentioned, which is often crucial for a complete evaluation of a nonprofit's effectiveness in achieving its mission. Overall, Loretto Hospital Foundation's strong financial practices and governance structure position it as a reputable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Loretto Hospital Foundation legitimate?
Loretto Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto Hospital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Loretto Hospital Foundation?
The Loretto Hospital Foundation's mission is centered around raising funds to support Loretto Hospital. Their primary objective is to enhance the accessibility and quality of healthcare within a significant community, specifically in Chicago. This is achieved by funding clinical equipment projects, capital investments, and program development at Loretto Hospital. The ultimate goal is to contribute to the betterment of healthcare services in this community.
Who is the CEO of Loretto Hospital Foundation?
Tesa Anewishki is the Vice President of Loretto Hospital Foundation.
What is the revenue of Loretto Hospital Foundation?
Loretto Hospital Foundation's revenue in 2021 was $25,593.
Who are the executives of Loretto Hospital Foundation and what are their salaries?
There 9 volunteers at Loretto Hospital Foundation.
Here are 11 key members and their salaries:
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- Related: $559,454
- Other: $36,636
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- Related: $134,736
- Other: $6,298
Where can I find the form 990 for Loretto Hospital Foundation?
Loretto Hospital Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Loretto Hospital Foundation
The Loretto Hospital Foundation's mission is centered around raising funds to support Loretto Hospital. This nonprofit organization aims to enhance access to and enhance the quality of healthcare within the largest community in Chicago. By funding clinical equipment capital projects and program development at Loretto Hospital, the foundation seeks to make a significant impact on the healthcare services provided to this community. The ultimate goal is to bolster the hospital's capacity to deliver high-quality care, thereby improving the health outcomes of those it serves.
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Impact
October, 2024
Loretto Hospital Foundation plays a crucial role in enhancing healthcare access and quality in Chicago's Austin community. By raising funds to support Loretto Hospital, the foundation helps finance essential clinical equipment, capital projects, and innovative program development. This funding directly contributes to better healthcare services, ensuring that the needs of the community are met in a comprehensive and effective manner. Through its efforts, the foundation fosters improvements that impact the health and well-being of residents, making a significant difference in their lives.
This information is meant to be a general summary of Loretto Hospital 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 2021.
- Investment Income: $71
- Gross Receipts: $25,593
Assets and Liabilities:
- Total Assets: $472,591
- Total Liabilities: $46,858
- Net Assets: $425,733
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Organization Details
Founding Year
2000
Phone
(773) 854-4200Principal Officer
Tesa Anewishki
Main Address
645 South Central, Chicago, IL, 606445059
NTEE Category
Code: E112 - Health
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