Overview
What is Sparrow Foundation?
The Sparrow Foundation, located in Lansing, Michigan, is a charitable organization that fosters robust community partnerships to support Sparrow Health System's commitment to providing exceptional healthcare services close to home. Founded over 60 years ago, the Foundation has inspired philanthropy to enhance the health of local communities. The Foundation's growth corresponds with Sparrow Health System's expansion to meet the evolving needs of the community. As the hub of charitable giving for Sparrow, the Foundation collaborates with individual and corporate donors to invest in vital facilities, equipment, technology, education, programs, and resources for patients, their families, and healthcare teams across various hospital sites and other healthcare facilities within the region. In 2022, the Foundation secured nearly 2 million dollars for these essential investments. The Foundation operates to benefit and carry out the purposes of the nonprofit and tax-exempt subsidiaries of Sparrow Health System, aiming to improve the health of the community by delivering quality, compassionate care to everyone, every time.
Official website here: www.uofmhealthsparrow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
The Sparrow Foundation received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The score reflects strong oversight by an independent board and transparency in operations. With 100% of the overall score derived from the Accountability & Finance beacon, the foundation demonstrates a commitment to ethical governance and sound financial practices.
Strengths of the organization include a high percentage of independent board members and a solid financial oversight structure, with no material diversions of assets reported. The foundation also scores well in areas such as fundraising efficiency and the ratio of liabilities to assets, showcasing its financial stability and effective fundraising strategies.
However, the program expense ratio is noted to be lower than desirable at 53.61%, which may suggest that a greater portion of its funds is directed toward administrative and fundraising expenses rather than direct programmatic activities. While the foundation exhibits strong financial health, prioritizing program expenditures could enhance its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Sparrow Foundation legitimate?
Sparrow Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sparrow 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: $357,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $565,719
For more financial information, click here
Official website here: www.uofmhealthsparrow.org
What is the mission statement of Sparrow Foundation?
The Sparrow Foundation operates with the objective of supporting the nonprofit and tax-exempt subsidiaries of Sparrow Health System. Its primary goal is to enhance the health and wellbeing of the community by delivering top-notch, compassionate care to everyone, without exception. The mission of the Foundation is geared towards improving lives by aligning with the mission of Sparrow Health System to make a difference in people's lives through quality healthcare services.
Official website here: www.uofmhealthsparrow.org
What is the revenue of Sparrow Foundation?
Sparrow Foundation's revenue in 2024 was $5,120,345.
Official website here: www.uofmhealthsparrow.org
Who are the executives of Sparrow Foundation and what are their salaries?
There 49 volunteers at Sparrow Foundation.
Here are 36 key members and their salaries:
- Compensation: $0
- Related: $1,158,747
- Other: $211,532
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- Related: $1,113,049
- Other: $101,260
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- Related: $969,065
- Other: $124,808
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- Related: $721,275
- Other: $115,729
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- Related: $633,464
- Other: $60,227
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- Related: $623,530
- Other: $64,004
- Compensation: $0
- Related: $511,056
- Other: $55,501
- Compensation: $0
- Related: $325,176
- Other: $57,560
- Compensation: $295,432
- Related: $0
- Other: $59,434
- Compensation: $105,254
- Related: $0
- Other: $33,666
- Compensation: $1,440
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- Compensation: $1,440
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- Compensation: $1,440
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Official website here: www.uofmhealthsparrow.org
Where can I find the form 990 for Sparrow Foundation?
Sparrow Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.uofmhealthsparrow.org
Learn more at the official website: www.uofmhealthsparrow.org
Mission Statement of Sparrow Foundation
The Sparrow Foundation, a Michigan nonprofit corporation and the sole member of Sparrow Health System, is dedicated to enhancing the health and wellbeing of individuals in the community. The foundation operates with the primary objective of advancing the purposes and missions of Sparrow Health System and its nonprofit and tax-exempt subsidiaries. By doing so, the Sparrow Foundation contributes significantly to the health sector, aiming to provide high-quality, compassionate care to every person, every time.
The Sparrow Foundation's overarching goal is to make a positive difference in the lives of those it serves. This commitment is reflected in its relentless pursuit of improving community health. As the driving force behind the initiatives of Sparrow Health System, the foundation strives to ensure that the organization's resources are utilized effectively to cater to the diverse healthcare needs of its population. This mission is carried out with utmost dedication and a deep sense of compassion, making the Sparrow Foundation a valuable asset to the community it serves.
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Impact
October, 2024
The Sparrow Foundation significantly impacts community health by fostering strong partnerships and inspiring philanthropy. For over 60 years, it has played a pivotal role in strengthening Sparrow Health System through vital investments in facilities, equipment, technology, education, and programs, dedicated to improving health outcomes. In 2022 alone, the Foundation secured nearly $2 million in funding to support the needs of patients, families, and healthcare teams across hospitals and care sites in the region.
By engaging individual and corporate donors, the Sparrow Foundation ensures that quality, compassionate care is accessible to all, regardless of life’s circumstances. Its commitment not only enhances the services provided by Sparrow Health System but also reinforces the Foundation's mission to deliver exceptional care to every community member, every time. This dedication to community well-being creates a ripple effect that uplifts the overall health of the region, fostering a healthier future for everyone.
This information is meant to be a general summary of Sparrow 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 2024.
- Investment Income: $850,476
- Gross Receipts: $5,445,218
Assets and Liabilities:
- Total Assets: $36,896,673
- Total Liabilities: $1,525,322
- Net Assets: $35,371,351
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Organization Details
Founding Year
1960
Principal Officer
Margaret Dimond Phd
Website
www.uofmhealthsparrow.orgNTEE Category
Code: E12 - Health
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