Overview
What is Beloit Health System Auxiliary Inc?
Beloit Health System Auxiliary Inc is a nonprofit organization situated in Beloit, Wisconsin, primarily known for its fundraising initiatives. Leveraging income from their Gift Shop and small events, the Auxiliary contributes financially to the Beloit Health System Foundation, which is committed to enhancing the healthcare services offered by the Beloit Health System. In addition to their financial support, the Auxiliary also awards scholarships to deserving high school graduates within the Beloit community, donating a total of $7,500 in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Beloit Health System Auxiliary Inc has received a One-Star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. The charity's overall score is 58%, primarily due to its low Program Expense Ratio of 57.97%, which reflects the percentage of expenses allocated directly to its programs rather than administrative costs.
Despite the low overall rating, the organization demonstrates strengths in governance and financial integrity. It has achieved a perfect score in areas such as having a majority independent board and no material diversion of assets. Furthermore, the auxiliary has effectively documented board meeting minutes and maintains a favorable liabilities-to-assets ratio, showcasing a solid financial foundation.
However, the significant concern remains the low allocation of funds towards programmatic expenses. This raises questions about the impact and outreach of the charity’s initiatives, suggesting a need for the organization to focus on increasing its investment in direct services to better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Beloit Health System Auxiliary Inc legitimate?
Beloit Health System Auxiliary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beloit Health System Auxiliary 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
What is the mission statement of Beloit Health System Auxiliary Inc?
The Beloit Health System Auxiliary Inc's mission is centered around providing support. Specifically, it assists the Beloit Health System and its associated Foundation. Through income generated from their Gift Shop and various small fundraising events, they are able to make donations to the Beloit Health System Foundation. This foundation's primary objective is to aid the Beloit Health System. Additionally, the Auxiliary awards scholarships to graduating seniors residing in the Beloit, WI community. In 2022, they donated $10,209 to the Beloit Health System Foundation and granted scholarships totaling $7,500.
Who is the CEO of Beloit Health System Auxiliary Inc?
Richard Johnson is the President of Beloit Health System Auxiliary Inc.
What is the revenue of Beloit Health System Auxiliary Inc?
Beloit Health System Auxiliary Inc's revenue in 2022 was $51,822.
Who are the executives of Beloit Health System Auxiliary Inc and what are their salaries?
There 250 volunteers at Beloit Health System Auxiliary Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beloit Health System Auxiliary Inc?
Beloit Health System Auxiliary Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beloit Health System Auxiliary Inc
The Beloit Health System Auxiliary Inc, a nonprofit organization, is committed to supporting its namesake, the Beloit Health System, and its associated Foundation. Its mission revolves around providing financial assistance to this Foundation, which in turn focuses on bolstering the operations and services offered by the Beloit Health System. The Auxiliary generates funds primarily through the operation of a Gift Shop and small-scale fundraising events. By channeling these earnings, the organization is able to make substantial contributions to the Beloit Health System Foundation.
In addition to its role in supporting the Foundation, the Beloit Health System Auxiliary Inc also extends its benevolence to the local community of Beloit, WI. Each year, the organization awards scholarships to graduating seniors in the area, providing them with financial aid to further their education. In 2022 alone, the Auxiliary donated $10,209 to the Beloit Health System Foundation and awarded scholarships totaling $7,500. By engaging in these activities, the Beloit Health System Auxiliary Inc demonstrates its dedication to both the healthcare sector and the educational aspirations of its community's youth.
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Impact
August, 2024
Beloit Health System Auxiliary Inc provides crucial support to the Beloit Health System and its related Foundation. Through the income generated from their Gift Shop and various fundraising events, the Auxiliary is able to make impactful contributions. In 2022, they donated $10,209 to the Beloit Health System Foundation, which plays a vital role in supporting the healthcare needs of the community. Additionally, their commitment to education is evident through the $7,500 in scholarships awarded to graduating seniors in Beloit, WI. The Auxiliary's efforts not only enhance the quality of healthcare services but also invest in the future generation of healthcare professionals in the community.
This information is meant to be a general summary of Beloit Health System Auxiliary 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.
- Program Service Revenue: $15,639
- Gross Receipts: $102,812
Assets and Liabilities:
- Total Assets: $160,962
- Total Liabilities: $0
- Net Assets: $160,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Love Light Event
Revenue
$5,429
Nut Sales
Revenue
$3,631
Book Fairs
Revenue
$2,691
Bundt Cake Sales
Revenue
$2,019
Cafe & Gift Shop Tips
Revenue
$1,869
Organization Details
Founding Year
1954
Phone
(608) 364-5162Principal Officer
Richard Johnson
Main Address
1969 West Hart Road, Beloit, WI, 53511
NTEE Category
Code: E20I - Health
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