Overview
What is St Luke's Health Care Foundation?
St. Luke's Health Care Foundation is a nonprofit organization located in Cedar Rapids, Iowa, with its headquarters at 810 1st Avenue NE, 2nd Floor. Their primary mission is to support St. Luke's Methodist Hospital by raising funds to enhance and expand its facilities and services. This includes providing equipment, covering operational expenses, and offering scholarships and lectureships to individuals associated with the hospital. The foundation also extends its support to local rural health communities associated with St. Luke's Methodist Hospital and grants to various organizations and individuals related to the hospital. The ultimate goal is to ensure St. Luke's Hospital remains the leading resource for improving the health of Eastern Iowans.
Official website here: www.unitypoint.org (see sch o)
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
St Luke's Health Care Foundation has achieved a perfect score of 100%, which signifies exceptional accountability and transparency in its financial practices. With a Four-Star rating, the organization demonstrates a strong commitment to governance, as evidenced by its entirely independent board composed of 17 members. The foundation excels in various areas, including having no material diversion of assets and a comprehensive audit and oversight committee, receiving maximum points in these categories.
The foundation's financial health is further emphasized by its low liabilities to assets ratio of 4.30% and a program expense ratio of 70.33%. These figures indicate that a significant portion of its resources is dedicated to its programs, ensuring that funds are effectively used for their intended purposes. The organization maintains robust policies, including conflict of interest and whistleblower policies, which contribute to its overall integrity and accountability.
While the ratings highlight the foundation's strengths, the assessment does not mention any specific programs or outcomes related to its initiatives, leaving a gap in understanding the direct impact of its work. Overall, the foundation stands out for its financial management and governance practices, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is St Luke's Health Care Foundation legitimate?
St Luke's Health Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Luke's 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:
Executive Compensation: $228,001
Professional Fundraising Fees: $45,000
Other Salaries and Wages: $411,920
For more financial information, click here
Official website here: www.unitypoint.org (see sch o)
What is the mission statement of St Luke's Health Care Foundation?
The St. Luke's Health Care Foundation's mission is centered around supporting St. Luke's Hospital as a leading resource for improving the health of individuals residing in a specific region. The primary objective of the foundation is to raise funds to maintain, develop, enhance, and expand the medical facilities and services provided by St. Luke's Methodist Hospital in Cedar Rapids, Iowa. Besides supporting St. Luke's Healthcare and its subsidiaries financially, the foundation also provides scholarships, lectureships, and grants to individuals associated with the hospital. It extends its support to local rural health communities associated with St. Luke's Methodist Hospital, and makes miscellaneous grants and contributions to organizations and individuals associated with St. Luke's Methodist Hospital.
Official website here: www.unitypoint.org (see sch o)
Who is the CEO of St Luke's Health Care Foundation?
Michelle Niermann is the Board Member & Ceo/President (Slmh) of St Luke's Health Care Foundation. The CEO's salary of St Luke's Health Care Foundation is $0 and their total compensation is $0.
Official website here: www.unitypoint.org (see sch o)
What is the revenue of St Luke's Health Care Foundation?
St Luke's Health Care Foundation's revenue in 2022 was $6,022,770.
Official website here: www.unitypoint.org (see sch o)
Who are the executives of St Luke's Health Care Foundation and what are their salaries?
There 17 volunteers at St Luke's Health Care Foundation.
Here are 17 key members and their salaries (St Luke's Health Care Foundation's CEO's salary is $0 and their total compensation is $0):
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- Related: $200,491
- Other: $18,514
Official website here: www.unitypoint.org (see sch o)
Where can I find the form 990 for St Luke's Health Care Foundation?
St Luke's Health Care Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitypoint.org (see sch o)
Learn more at the official website: www.unitypoint.org (see sch o)
Mission Statement of St Luke's Health Care Foundation
St. Luke's Health Care Foundation is dedicated to supporting St. Luke's Hospital as a leading resource for enhancing the health of Eastern Iowans. In pursuit of this mission, the foundation raises funds to maintain, expand, and enhance the hospital's facilities and services. By doing so, it aims to provide broader healthcare, educational, and service opportunities to its patients, students, staff, faculty, and residents within its service area. The foundation achieves this objective by offering grants, allocations, and program support services. These services may include contributing to equipment purchases, offsetting operating expenses, and offering scholarships or lectures to individuals associated with St. Luke's Methodist Hospital. Furthermore, the foundation provides grants to local rural health communities associated with St. Luke's Methodist Hospital and makes miscellaneous contributions to organizations and individuals linked to the hospital. Overall, St. Luke's Health Care Foundation's mission is to strengthen St. Luke's Hospital's capacity to improve the health of Eastern Iowans.
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Impact
July, 2024
St Luke's Health Care Foundation plays a crucial role in supporting St. Luke's Hospital as the premier resource for improving the health of Eastern Iowans. The foundation raises funds to maintain, develop, increase, and extend the facilities and services of St. Luke's Methodist Hospital in Cedar Rapids, Iowa. It also provides broader hospital, medical, and educational service opportunities to patients, students, staff, faculty, and residents of the geographical area it serves.
Through grants, allocations, and program support, St. Luke's Health Care Foundation contributes to various aspects of the hospital's operations. This includes supporting equipment purchases, offsetting operating expenses, providing scholarships and lecture opportunities to individuals associated with the hospital, granting to local rural health communities, and offering miscellaneous support to organizations and individuals connected to St. Luke's Methodist Hospital.
Overall, the impact of St Luke's Health Care Foundation is significant in ensuring the continuous improvement and expansion of healthcare services for the benefit of the Eastern Iowan community served by St. Luke's Hospital.
This information is meant to be a general summary of St Luke's 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: $3,546,726
- Program Service Revenue: $216,891
- Gross Receipts: $12,422,758
Assets and Liabilities:
- Total Assets: $58,516,871
- Total Liabilities: $3,029,654
- Net Assets: $55,487,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBS & JOINT VENTURES
Revenue
$216,891
Organization Details
Founding Year
1977
Phone
(319) 369-7716Principal Officer
Michelle Niermann
Main Address
810 1ST AVENUE NE 2ND FLOOR, CEDAR RAPIDS, IA, 52402
NTEE Category
Code: E110 - Health
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