Overview
What is Naeve Health Care Foundation?
The Naeve Health Care Foundation is a nonprofit organization dedicated to securing financial support for superior, budget-friendly healthcare services at MCHS in Albert Lea. Their primary objective is to safeguard the future of local, top-notch healthcare by fostering a perpetual endowment fund and engaging in various philanthropic endeavors. The foundation channelizes its resources towards projects within Mayo Clinic Health System in Albert Lea, aiming to enhance and strengthen healthcare services in the region.
Official website here: www.naevefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Naeve Health Care Foundation has received a strong 97% rating from Charity Navigator, which indicates a high level of accountability and financial health. This rating is based solely on their performance in the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of resources.
Strengths include having a fully independent board, with 91% of its members meeting this criterion. The foundation has also demonstrated no material diversion of assets and maintains a healthy liabilities-to-assets ratio of 0.00%. Furthermore, they have comprehensive policies in place for conflict of interest, whistleblower protection, and document retention, emphasizing their dedication to ethical governance.
While the organization showcases impressive financial metrics, the summary does not highlight any specific programs or direct impact on the community served. Therefore, while Naeve Health Care Foundation excels in accountability and financial practices, information regarding the outcomes of their programs or services would provide a more complete picture of their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Naeve Health Care Foundation legitimate?
Naeve Health Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naeve Health Care 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:
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For more financial information, click here
Official website here: www.naevefoundation.com
What is the mission statement of Naeve Health Care Foundation?
The Naeve Health Care Foundation's mission is centered around raising philanthropic funds. Their primary goal is to support high-quality, cost-effective healthcare. They strive to ensure the sustainability of healthcare services by continuously developing a permanent endowment fund and fostering other philanthropic relationships. The foundation directs its gifts towards projects within a healthcare system, specifically the Mayo Clinic Health System, to contribute to its growth and development.
Official website here: www.naevefoundation.com
Who is the CEO of Naeve Health Care Foundation?
Daniel Kolker is the President of Naeve Health Care Foundation.
Official website here: www.naevefoundation.com
What is the revenue of Naeve Health Care Foundation?
Naeve Health Care Foundation's revenue in 2022 was $138,101.
Official website here: www.naevefoundation.com
Who are the executives of Naeve Health Care Foundation and what are their salaries?
There 12 volunteers at Naeve Health Care Foundation.
Here are 12 key members and their salaries:
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Official website here: www.naevefoundation.com
Where can I find the form 990 for Naeve Health Care Foundation?
Naeve Health Care Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naevefoundation.com
Learn more at the official website: www.naevefoundation.com
Mission Statement of Naeve Health Care Foundation
The Naeve Health Care Foundation, an organization dedicated to philanthropy, works towards securing funds for providing top-notch, budget-friendly healthcare services. Their primary mission is to safeguard the future of local healthcare quality by nurturing a perpetual endowment fund and fostering other philanthropic relationships and activities. This foundation directs its gifts towards projects within the Mayo Clinic Health System in Albert Lea, ensuring the growth and development of healthcare services in the surrounding areas.
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Impact
October, 2024
The Naeve Health Care Foundation plays a crucial role in enhancing the quality and accessibility of healthcare in Albert Lea and its surrounding areas. By raising philanthropic dollars, the Foundation supports the Mayo Clinic Health System in Albert Lea, ensuring that high-quality and cost-effective healthcare remains available to the community.
Through its initiatives, the Foundation is dedicated to developing a permanent endowment fund that will secure future healthcare services and innovations. Its efforts also foster meaningful philanthropic relationships that further contribute to the growth and development of local healthcare. The Foundation's targeted gifts are directed towards specific projects within the health system, enabling advancements in medical care, technology, and patient services.
This commitment helps to sustain and improve the healthcare infrastructure, ensuring that residents have access to essential medical services close to home, ultimately enhancing the overall well-being of the community.
This information is meant to be a general summary of Naeve Health Care 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: $111,744
- Gross Receipts: $999,498
Assets and Liabilities:
- Total Assets: $4,688,945
- Total Liabilities: $0
- Net Assets: $4,688,945
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Organization Details
Founding Year
2000
Phone
(507) 434-1595Principal Officer
Daniel Kolker
Main Address
404 WEST FOUNTAIN ST, ALBERT LEA, MN, 56007
Website
www.naevefoundation.comNTEE Category
Code: E11 - Health
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