Overview
What is Glencoe Regional Health Services Foundation Inc?
Glencoe Regional Health Services Foundation Inc, situated in Glencoe, Minnesota, is a nonprofit organization with a mission to foster community-based health care support and promote the advancements of Glencoe Regional Health Services. They accomplish this through various initiatives, including the Carl Sanken Scholarship Program, which aids local students in funding their higher education in the field of health care. This program is an integral part of the foundation's commitment to nurturing future healthcare professionals.
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Glencoe Regional Health Services Foundation Inc has achieved a commendable rating of 83%, reflecting its strong commitment to accountability and finance. The rating is based entirely on a single beacon score, which emphasizes the importance of financial practices within the organization. With a perfect score in categories such as independent board members and the absence of material diversion of assets, the foundation demonstrates a high level of integrity in its operations.
The foundation’s independent board comprises 100% independent members, earning it high marks for governance. Additionally, the organization has a strong program expense ratio of 89.21%, indicating that most of its funds are directed towards its programs rather than administrative costs. The presence of a conflict of interest policy further strengthens its operational transparency.
However, the foundation does have some areas that need improvement. Notably, it is missing a whistleblower policy and document retention and destruction policy, both of which are considered best practices for nonprofit governance. Addressing these limitations could enhance the foundation's overall governance framework and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Glencoe Regional Health Services Foundation Inc legitimate?
Glencoe Regional Health Services Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glencoe Regional Health Services 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.
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For more financial information, click here
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
What is the mission statement of Glencoe Regional Health Services Foundation Inc?
The Glencoe Regional Health Services Foundation Inc's mission is centered around providing opportunities for community-based healthcare support and advocating for the promotion of healthcare services. In line with this mission, the foundation aims to foster a healthcare-focused environment by offering scholarships to local students pursuing careers in healthcare. This scholarships program, known as the Carl Sanken Scholarship Program, is a testament to their commitment to nurturing future healthcare professionals.
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
Who is the CEO of Glencoe Regional Health Services Foundation Inc?
Larry Anderson is the President of Glencoe Regional Health Services Foundation Inc.
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
What is the revenue of Glencoe Regional Health Services Foundation Inc?
Glencoe Regional Health Services Foundation Inc's revenue in 2022 was $41,875.
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
Who are the executives of Glencoe Regional Health Services Foundation Inc and what are their salaries?
There 8 volunteers at Glencoe Regional Health Services Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
Where can I find the form 990 for Glencoe Regional Health Services Foundation Inc?
Glencoe Regional Health Services Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grhsonline.org/donate-or-volunteer/foundation/
Learn more at the official website: www.grhsonline.org/donate-or-volunteer/foundation/
Mission Statement of Glencoe Regional Health Services Foundation Inc
Glencoe Regional Health Services Foundation Inc is dedicated to providing opportunities for community-based health care support and promoting the services offered by Glencoe Regional Health Services. In pursuit of this mission, the foundation offers the Carl Sanken Scholarship Program, which provides financial assistance to local students pursuing higher education in the field of health care. This initiative aims to cultivate a new generation of healthcare professionals, thereby strengthening the community's access to quality healthcare services. In essence, Glencoe Regional Health Services Foundation Inc is committed to enhancing community health by fostering educational opportunities in the healthcare sector.
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Impact
August, 2024
Glencoe Regional Health Services Foundation Inc's impact is significant in promoting community-based health care support and bolstering Glencoe Regional Health Services. Through initiatives like the Carl Sanken Scholarship Program, the foundation offers area students financial assistance to pursue higher education in the health care field. By supporting aspiring health care professionals, the foundation contributes to the development of a skilled workforce that can enhance the quality of health care services in the region. Overall, Glencoe Regional Health Services Foundation Inc plays a vital role in fostering the growth and sustainability of health care in Glencoe, MN.
This information is meant to be a general summary of Glencoe Regional Health Services 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: $35,824
- Gross Receipts: $41,875
Assets and Liabilities:
- Total Assets: $1,760,953
- Total Liabilities: $40,000
- Net Assets: $1,720,953
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Organization Details
Founding Year
1988
Phone
(320) 864-3121Principal Officer
Larry Anderson
Main Address
1805 HENNEPIN AVENUE NORTH, GLENCOE, MN, 55336
NTEE Category
Code: E11 - Health
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