Overview
What is Beaumont Health Foundation?
Beaumont Health Foundation is a nonprofit organization based in Southfield, Michigan, dedicated to securing philanthropic gifts and grants for Beaumont Health. Its primary goal is to support Beaumont Health's mission of providing compassionate, extraordinary care to the communities it serves. By raising funds, the foundation contributes to advancing high-quality healthcare and furthering the charitable purposes of Beaumont Health.
Official website here: www.beamont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Three Stars (85%)
Beaumont Health Foundation has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance with a fully independent board and effective oversight mechanisms. Key financial indicators, such as the Liabilities to Assets Ratio and the Working Capital Ratio, reflect a stable financial position, suggesting good management of resources.
However, while the foundation excels in several areas, it faces challenges in its Program Expense Ratio and Fundraising Efficiency Ratio. The Program Expense Ratio is notably low at 55.95%, which may suggest that a smaller portion of its budget is being spent directly on programs compared to administrative and fundraising costs. The fundraising efficiency, with a cost of $0.29 to raise $1, indicates room for improvement in how it manages fundraising expenses.
Overall, Beaumont Health Foundation is characterized by a robust governance structure and financial stability, although it may need to enhance its programmatic spending and fundraising strategies to further increase its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Beaumont Health Foundation legitimate?
Beaumont Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaumont Health 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: $4,436,491
For more financial information, click here
Official website here: www.beamont.org
What is the mission statement of Beaumont Health Foundation?
The Beaumont Health Foundation is dedicated to securing philanthropic gifts and grants to support the charitable initiatives of Beaumont Health. Its mission is geared towards advancing high-quality healthcare and compassionate care for all members of the communities it serves. The foundation plays a crucial role in furthering Beaumont Health's nonprofit mission, which is to provide extraordinary care every day. By securing donations, the Beaumont Health Foundation enables Beaumont Health to continue making a positive impact on people's lives and prioritizing their health and well-being.
Official website here: www.beamont.org
Who is the CEO of Beaumont Health Foundation?
Margaret Cooney Casey is the Principal Officer of Beaumont Health Foundation.
Official website here: www.beamont.org
What is the revenue of Beaumont Health Foundation?
Beaumont Health Foundation's revenue in 2022 was $35,689,489.
Official website here: www.beamont.org
Who are the executives of Beaumont Health Foundation and what are their salaries?
There 222 volunteers at Beaumont Health Foundation.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $10,183,820
- Other: $10,951
- Compensation: $0
- Related: $767,633
- Other: $241,561
- Compensation: $0
- Related: $918,812
- Other: $42,365
- Compensation: $0
- Related: $497,276
- Other: $174,919
- Compensation: $0
- Related: $254,736
- Other: $34,934
- Compensation: $0
- Related: $226,900
- Other: $29,375
- Compensation: $0
- Related: $195,840
- Other: $55,074
- Compensation: $0
- Related: $203,029
- Other: $31,572
- Compensation: $0
- Related: $197,063
- Other: $30,916
- Compensation: $0
- Related: $115,710
- Other: $33,089
- Compensation: $0
- Related: $500
- Other: $0
- Compensation: $0
- Related: $500
- Other: $0
- Compensation: $0
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.beamont.org
Where can I find the form 990 for Beaumont Health Foundation?
Beaumont Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beamont.org
Learn more at the official website: www.beamont.org
Mission Statement of Beaumont Health Foundation
The Beaumont Health Foundation is a philanthropic organization dedicated to securing charitable gifts and grants for Beaumont Health. Its primary objective is to advance high-quality healthcare for all members of the communities it serves and support Beaumont Health's nonprofit mission to provide compassionate and extraordinary care every day. The Foundation plays a crucial role in expanding Beaumont Health's capabilities to address the evolving needs of the communities it serves. By securing philanthropic contributions, the Foundation enables Beaumont Health to invest in innovative programs, cutting-edge technology, and essential infrastructure. In doing so, it enhances the overall quality of care and helps ensure that the organization remains at the forefront of healthcare delivery.
The Beaumont Health Foundation is a vital partner in Beaumont Health's mission to provide exceptional care that goes beyond the bedside. Its philanthropic efforts extend far and wide, touching various aspects of the organization's operations. From enhancing patient experiences and comfort to supporting research and innovation, the Foundation's work brings a significant positive impact to the health system. Moreover, it enables Beaumont Health to address the social determinants of health, ensuring that underserved communities have access to the care they need. Ultimately, the Beaumont Health Foundation is an essential force in fostering healthier communities and transforming lives through its unwavering commitment to securing philanthropic support.
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Impact
October, 2024
Beaumont Health Foundation plays a vital role in enhancing the healthcare landscape by securing philanthropic gifts and grants that directly support high-quality health care services. Its efforts ensure that exceptional healthcare is accessible to all members of the community, reinforcing a commitment to compassionate, extraordinary care every day. The foundation's work not only advances various charitable initiatives but also strengthens Beaumont Health’s capacity to meet the evolving needs of the populations it serves. Through targeted funding and community engagement, the foundation significantly impacts the delivery of health care, improving overall well-being and fostering a healthier community.
This information is meant to be a general summary of Beaumont Health 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: $40
- Gross Receipts: $37,133,772
Assets and Liabilities:
- Total Assets: $197,846,308
- Total Liabilities: $272,024
- Net Assets: $197,574,284
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Organization Details
Founding Year
2016
Phone
(616) 391-2022Principal Officer
Margaret Cooney Casey
Main Address
26901 BEAUMONT BLVD Suite ATTN TAX, SOUTHFIELD, MI, 48033
Website
www.beamont.orgNTEE Category
Code: E60 - Health
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