Overview
What is Froedtert Hospital Foundation Inc?
Froedtert Hospital Foundation Inc, located in Milwaukee, Wisconsin, serves as a vital nonprofit entity that supports various healthcare-related services and activities of Froedtert Memorial Lutheran Hospital Inc. Their primary mission is to develop and enhance philanthropic resources, optimizing FMLH's initiatives to improve patient outcomes. This encompasses supporting clinical research, clinical centers of excellence, patient care, and related capital, health, and community health education programs. The foundation's goal is to raise revenue for these initiatives, ultimately contributing to the betterment of patient care and overall healthcare services at Froedtert Memorial Lutheran Hospital Inc.
Official website here: www.froedtert.com/giving/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Froedtert Hospital Foundation Inc has achieved an impressive 95% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a well-structured board, with 81% of its members being independent, and maintains comprehensive policies that ensure transparency and ethical governance. Financial oversight is robust, demonstrated by their excellent audit practices and absence of asset diversions.
The foundation's program expense ratio is noted at 66.06%, indicating a significant portion of its budget is allocated to program services. Additionally, it showcases strong fundraising efficiency, with only $0.14 spent to raise each dollar, demonstrating effective use of resources. Its working capital ratio of 15.07 years suggests a solid financial foundation, ensuring long-term sustainability.
However, while the organization excels in various financial metrics, there may be room for improvement in its program expense ratio to enhance the impact of its programs in relation to total expenses. Overall, Froedtert Hospital Foundation Inc exhibits strong governance and financial health, making it a reliable choice for donors seeking to support healthcare initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Froedtert Hospital Foundation Inc legitimate?
Froedtert Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Froedtert Hospital Foundation 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
Official website here: www.froedtert.com/giving/foundation
What is the mission statement of Froedtert Hospital Foundation Inc?
The Froedtert Hospital Foundation Inc's mission is centered around cultivating philanthropic resources. This mission is aimed at enhancing the initiatives of Froedtert Memorial Lutheran Hospital Inc., with a focus on improving patient outcomes. The specific areas of support include clinical research, clinical centers of excellence, patient care, and related capital, health, and community health education programs. The foundation raises funds to support various healthcare-related services and activities under Froedtert Memorial Lutheran Hospital Inc., including hospital operations, research, and education.
Official website here: www.froedtert.com/giving/foundation
Who is the CEO of Froedtert Hospital Foundation Inc?
Mitchell R Beckman is the Principal Officer of Froedtert Hospital Foundation Inc. The CEO's salary of Froedtert Hospital Foundation Inc is $0 and their total compensation is $3,868,583.
Official website here: www.froedtert.com/giving/foundation
What is the revenue of Froedtert Hospital Foundation Inc?
Froedtert Hospital Foundation Inc's revenue in 2022 was $4,986,311.
Official website here: www.froedtert.com/giving/foundation
Who are the executives of Froedtert Hospital Foundation Inc and what are their salaries?
There 12 volunteers at Froedtert Hospital Foundation Inc.
Here are 16 key members and their salaries (Froedtert Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $3,868,583):
- Compensation: $0
- Related: $3,449,724
- Other: $418,859
- Compensation: $0
- Related: $1,040,593
- Other: $178,101
- 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
- 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: $594,531
- Other: $34,997
- Compensation: $0
- Related: $1,769,083
- Other: $229,005
Official website here: www.froedtert.com/giving/foundation
Where can I find the form 990 for Froedtert Hospital Foundation Inc?
Froedtert Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.froedtert.com/giving/foundation
Learn more at the official website: www.froedtert.com/giving/foundation
Mission Statement of Froedtert Hospital Foundation Inc
Froedtert Hospital Foundation Inc is dedicated to enhancing its philanthropic resources, with the primary objective of amplifying the initiatives of Froedtert Memorial Lutheran Hospital, Inc. (FMLH), with the ultimate goal of improving patient outcomes. Specifically, the foundation supports several key areas, including clinical research, clinical centers of excellence, patient care, and related capital, health, and community health education programs. By raising funds, Froedterter Hospital Foundation Inc contributes to various health care-related services and activities at FMLH, such as hospital operations, research, and education. In essence, the foundation's mission is to leverage philanthropy to optimize the effectiveness and reach of FMLH's initiatives, thereby enhancing patient care and outcomes.
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Impact
July, 2024
Froedtert Hospital Foundation Inc plays a significant role in advancing the initiatives of Froedtert Memorial Lutheran Hospital, Inc (FMLH) to enhance patient outcomes. The foundation raises funds to support various healthcare services and activities at FMLH, including hospital operations, research, education, clinical research, clinical centers of excellence, patient care, community health education programs, and related capital projects. By developing and growing philanthropic resources, the foundation contributes to optimizing the healthcare initiatives of FMLH, ultimately benefiting the health and well-being of patients and the community.
This information is meant to be a general summary of Froedtert Hospital Foundation 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.
- Investment Income: $1,202,792
- Gross Receipts: $18,164,103
Assets and Liabilities:
- Total Assets: $26,601,873
- Total Liabilities: $375,535
- Net Assets: $26,226,338
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Organization Details
Founding Year
1991
Phone
(414) 777-0929Principal Officer
Mitchell R Beckman
Main Address
9200 WEST WISCONSIN AVE, MILWAUKEE, WI, 53226
NTEE Category
Code: E11 - Health
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