Overview
What is Ridgeview Foundation?
The Ridgeview Foundation is a nonprofit organization committed to enhancing the quality of life and health within its local community. Based in Waconia, Minnesota, this independent entity collaborates with Ridgeview Medical Center to achieve its mission. In 2022, the Foundation allocated funds to various projects, transferring $1,535,077 to a community support fund, $119,057 to COVID-related initiatives, and $310,000 to support the expansion of the hospital's emergency department. The remaining $342,234 was utilized for various initiatives and programs at the hospital. The Foundation's dedication to its community extends to supporting the 300,000 residents within a seven-county service area.
Official website here: www.ridgeviewmedical.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Ridgeview Foundation has achieved an impressive 97% rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization excels in various metrics, particularly in governance with a fully independent board and robust financial oversight. Their commitment to ethical practices is further evidenced by their comprehensive policies on conflict of interest, whistleblower protections, and document retention.
Financially, Ridgeview Foundation demonstrates considerable strength, with a program expense ratio of 94.44%, meaning that a significant portion of its funds is directed toward its mission rather than administrative costs. The organization’s fundraising efficiency is notably high, with only $0.002 spent to raise a dollar, showcasing their effective management of resources. Additionally, their low liabilities to assets ratio indicates a stable financial footing.
There are no significant limitations or concerns highlighted in the data, which reflects the foundation's strong operational practices and financial health. Overall, Ridgeview Foundation stands out as a reliable nonprofit, committed to transparency and effective use of donations to further its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgeview Foundation legitimate?
Ridgeview Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgeview 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
For more financial information, click here
Official website here: www.ridgeviewmedical.org
What is the mission statement of Ridgeview Foundation?
The Ridgeview Foundation is an independent nonprofit organization with a mission to positively impact the quality of life and health for individuals in its community. It collaborates with Ridgeview Medical Center, a not-for-profit hospital, to achieve this goal. In 2022, the foundation raised funds totaling $2,284,260 and allocated them to various causes. A significant portion, $1,535,077, was directed towards the "Cause for Community" campaign, which aids in providing better medical support for the local population of approximately 300,000 residents. Additionally, the foundation allocated $119,057 for COVID-related activities and $310,000 for the hospital's emergency department expansion. The remaining funds were utilized for various projects and programs within the hospital during the year.
Official website here: www.ridgeviewmedical.org
Who is the CEO of Ridgeview Foundation?
Michael Phelps is the President/Ceo of Ridgeview Foundation. The CEO's salary of Ridgeview Foundation is $0 and their total compensation is $1,338,223.
Official website here: www.ridgeviewmedical.org
What is the revenue of Ridgeview Foundation?
Ridgeview Foundation's revenue in 2022 was $2,158,199.
Official website here: www.ridgeviewmedical.org
Who are the executives of Ridgeview Foundation and what are their salaries?
There 106 volunteers at Ridgeview Foundation.
Here are 30 key members and their salaries (Ridgeview Foundation's CEO's salary is $0 and their total compensation is $1,338,223):
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- Related: $1,274,183
- Other: $64,040
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- Related: $490,798
- Other: $61,669
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Official website here: www.ridgeviewmedical.org
Where can I find the form 990 for Ridgeview Foundation?
Ridgeview Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ridgeviewmedical.org
Learn more at the official website: www.ridgeviewmedical.org
Mission Statement of Ridgeview Foundation
The Ridgeview Foundation, an independent nonprofit organization, is committed to making a positive difference in the quality of life and health of the community. It partners with Ridgeview Medical Center to achieve this mission. The primary role of the Ridgeview Foundation is to raise funds for the benefit of Ridgeview Medical Center, a not-for-profit hospital. During 2022, the Ridgeview Foundation allocated a substantial sum of $2,284,260 towards Ridgeview Medical Center. A significant portion of this fund, $1,535,077, was directed towards the "Cause for Community" campaign, which enables the medical center to enhance its medical support for the approximately 300,000 residents within its seven-county service area. Additionally, the foundation contributed $119,057 towards supporting COVID-related activities and $310,000 towards the hospital for the construction and furnishing of an emergency department expansion. The remaining $342,234 was utilized for various projects and programs within the hospital during 2022. In summary, the Ridgeview Foundation plays a crucial role in supporting Ridgeview Medical Center, contributing to the betterment of the community's health and wellbeing.
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Impact
July, 2024
Ridgeview Foundation's impact can be seen in its significant contributions towards enhancing the quality of life and healthcare services in the Waconia, Minnesota area. In 2022 alone, the Foundation allocated over $2.2 million to Ridgeview Medical Center, a not-for-profit hospital, to support various initiatives. These contributions included funding for community health programs, COVID-related activities, and the expansion of the hospital's emergency department. By channeling resources towards these crucial areas, Ridgeview Foundation is actively supporting the well-being of the 300,000 residents within its seven-county service area.
This information is meant to be a general summary of Ridgeview 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: $249,054
- Gross Receipts: $2,803,708
Assets and Liabilities:
- Total Assets: $22,122,176
- Total Liabilities: $1,163,844
- Net Assets: $20,958,332
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Organization Details
Founding Year
1978
Phone
(952) 442-6010Principal Officer
Michael Phelps
Main Address
500 SOUTH MAPLE STREET, WACONIA, MN, 55387
Website
www.ridgeviewmedical.orgNTEE Category
Code: T20 - Philanthropy
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