Overview
What is Spencer Regional Healthcare Foundation?
Spencer Regional Healthcare Foundation is a nonprofit organization situated in Spencer, Iowa, with an address at 1200 1st Avenue East. Their primary objective is to support and enhance medical and healthcare services in the region served by Spencer Municipal Hospital. They achieve this by disbursing funds for charitable, educational, and scientific purposes. These funds have been utilized to purchase medical equipment, various medical items, and fund programs essential for delivering healthcare services. The foundation's mission emphasizes the support of health care technologies and programs within their service area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Spencer Regional Healthcare Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 90%, this rating is based entirely on its accountability and finance metrics, showcasing the organization's commitment to transparency and effective financial management.
Strengths highlighted in the evaluation include a board composed of 81% independent members and a solid program expense ratio of 96.94%, indicating that most of its resources are directed towards its programs rather than administrative costs. Additional commendable aspects include a robust conflict of interest policy and a well-maintained audit and oversight committee, which further enhance the foundation's credibility.
User feedback reinforces the organization’s positive impact on the community, with testimonials indicating that the foundation plays a vital role in local healthcare support. One reviewer expressed gratitude for the foundation's initiatives, illustrating the personal connections and meaningful experiences that the organization facilitates. This suggests that while the foundation excels in financial practices, it also fosters a strong sense of community engagement and support.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Spencer Regional Healthcare Foundation legitimate?
Spencer Regional Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spencer Regional Healthcare 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.
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What is the mission statement of Spencer Regional Healthcare Foundation?
The Spencer Regional Healthcare Foundation's mission is to support the advancement of healthcare technologies and programs within the serviced region, primarily benefiting from Spencer Municipal Hospital. They conduct charitable, educational, and scientific activities with a focus on enhancing medical and healthcare services for the local population. The foundation has utilized its funds to procure medical equipment, other medical items, and implement programs, all aimed at improving the delivery of medical services.
Who is the CEO of Spencer Regional Healthcare Foundation?
Wes Simpson is the President of Spencer Regional Healthcare Foundation.
What is the revenue of Spencer Regional Healthcare Foundation?
Spencer Regional Healthcare Foundation's revenue in 2023 was $1,346,633.
Who are the executives of Spencer Regional Healthcare Foundation and what are their salaries?
There 33 volunteers at Spencer Regional Healthcare Foundation.
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Where can I find the form 990 for Spencer Regional Healthcare Foundation?
Spencer Regional Healthcare Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spencer Regional Healthcare Foundation
Spencer Regional Healthcare Foundation, as a charitable organization, is dedicated to supporting the enhancement of healthcare technologies and programs in the region served by Spencer Municipal Hospital. By providing funds for charitable, educational, and scientific purposes, the foundation aims to benefit and support medical and healthcare services for individuals in the area. In practice, the foundation has disbursed funds to purchase medical equipment, medical items, and sponsor programs that contribute to the delivery of medical services. By doing so, Spencer Regional Healthcare Foundation plays a crucial role in enhancing the quality of healthcare in its designated region.
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Impact
July, 2024
Spencer Regional Healthcare Foundation plays a vital role in supporting the enhancement of healthcare technologies and programs in the region served by Spencer Municipal Hospital. By providing funds for designated medical equipment, other essential medical items, and programs used for the delivery of medical services, the foundation directly contributes to improving the quality of healthcare available to individuals in the Spencer, IA area. Through its charitable, educational, and scientific endeavors, Spencer Regional Healthcare Foundation makes a tangible impact on the well-being of those who rely on the medical services provided by the hospital.
This information is meant to be a general summary of Spencer Regional Healthcare 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 2023.
- Investment Income: $602,104
- Gross Receipts: $2,999,813
Assets and Liabilities:
- Total Assets: $23,775,678
- Total Liabilities: $9,476,938
- Net Assets: $14,298,740
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Organization Details
Founding Year
1993
Phone
(712) 264-6226Principal Officer
Wes Simpson
Main Address
1200 1st Avenue East, Spencer, IA, 51301
NTEE Category
Code: E21Z - Health
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