Overview
What is Genesis Health Services Foundation?
Genesis Health Services Foundation, located in Davenport, Iowa, is a nonprofit organization dedicated to enhancing healthcare within its local community. By managing and granting charitable funds, it supports various programs and services within Genesis Health System. The foundation plays a significant role in nursing education, offering scholarships and certifications to aspiring and current nurses, thereby promoting the recruitment and retention of skilled nursing professionals. This investment leads to improved patient care. Beyond nursing education, the foundation provides essential services such as free flu vaccinations for elementary school children, breast imaging for financially challenged patients, and nurse visits to newborns' homes. Additionally, it offers charity care to patients who cannot afford medical treatment and maintains an employee emergency assistance fund. The foundation's investment in technology accelerates advancements in healthcare, ensuring the community benefits from modern medical practices. Notably, the Clarissa C. Cook Hospice House exists and continues to provide end-of-life care, particularly for the less fortunate, thanks to the foundation's support.
Official website here: www.genesishealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Genesis Health Services Foundation demonstrates exceptional accountability and financial management, earning a Four-Star rating from Charity Navigator. The organization scores highly on all financial beacons, reflecting a strong commitment to transparency and effective resource allocation. With a program expense ratio of 74.78%, the majority of its funds are directed towards fulfilling its mission.
The foundation boasts a highly independent board comprising 21 members, all of whom are independent, which strengthens governance and decision-making processes. Notably, the charity has no material diversions of assets and maintains robust policies regarding conflict of interest and whistleblower protections. These measures contribute to a trustworthy operational framework.
One of the standout metrics is the fundraising efficiency ratio of $0.14, indicating effective fundraising relative to its expenditures. Additionally, their working capital ratio of 11.37 years highlights the foundation's strong financial health and sustainability. Overall, the Genesis Health Services Foundation presents itself as a reliable and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Genesis Health Services Foundation legitimate?
Genesis Health Services Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Health Services 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: $139,102
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,953
For more financial information, click here
Official website here: www.genesishealth.com
What is the mission statement of Genesis Health Services Foundation?
The Genesis Health Services Foundation's mission is to gather and allocate funds to enhance the quality of healthcare delivery within the Genesis Health System. This is achieved by supporting nursing education through scholarships and certifications, thereby attracting and retaining skilled nurses. The Foundation also offers free flu vaccinations for school children, subsidized breast imaging services, and nurse home visits for newborns. Additionally, it provides charity care to financially disadvantaged patients and an employee assistance fund in times of crisis. Lastly, the Foundation's investment in technology accelerates healthcare advancements, ensuring the continuation of end-of-life care at the Clarissa C. Cook Hospice House.
Official website here: www.genesishealth.com
What is the revenue of Genesis Health Services Foundation?
Genesis Health Services Foundation's revenue in 2023 was $2,239,344.
Official website here: www.genesishealth.com
Who are the executives of Genesis Health Services Foundation and what are their salaries?
The average compensation at Genesis Health Services Foundation during 2023 was $55,008. There are 7 employees and 115 volunteers at Genesis Health Services Foundation.
Here are 26 key members and their salaries:
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- Compensation: $112,407
- Related: $28,102
- Other: $26,695
Official website here: www.genesishealth.com
Where can I find the form 990 for Genesis Health Services Foundation?
Genesis Health Services Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.genesishealth.com
Learn more at the official website: www.genesishealth.com
Mission Statement of Genesis Health Services Foundation
Genesis Health Services Foundation, a charitable organization, is dedicated to enhancing the quality of healthcare delivery within its community. Its primary mission is to collect, manage, and distribute resources to support programs and services provided by Genesis Health System. One of the Foundation's key initiatives is investing in nursing education, offering scholarships and certifications to aspiring and current nurses. This commitment to nursing development helps in recruiting and retaining highly skilled nursing professionals, ultimately leading to improved patient care.
Beyond nursing education, Genesis Health Services Foundation has several signature programs. These include providing free flu vaccinations to elementary school children, offering breast imaging services to patients who cannot afford them, and sending nurse visits to newborns' homes to ensure they have a healthy start in life. Furthermore, the Foundation provides charity care to patients who might otherwise go without medical attention due to financial constraints. Additionally, it operates an employee emergency assistance fund to aid Genesis Health System employees experiencing personal or family crises.
Investment in technology is another critical aspect of Genesis Health Services Foundation's mission. By accelerating technological advancements, the Foundation ensures that patients and the community benefit from the latest healthcare innovations. A notable achievement of the Foundation is the creation and operation of the Clarissa C. Cook Hospice House, which provides end-of-life care, particularly for underserved populations. In summary, Genesis Health Services Foundation is a vital nonprofit organization that works tirelessly to improve the health and wellbeing of its community by supporting Genesis Health System's programs and services.
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Impact
July, 2024
Genesis Health Services Foundation's impact is significant in enhancing the delivery of care through Genesis Health System. The Foundation plays a vital role in meeting the healthcare needs of the local community by providing charitable funds for various programs and services. This includes supporting nursing education through scholarships and certifications, which helps in recruiting and retaining highly qualified nursing professionals, ultimately leading to better patient care.
In addition to nursing education, the Foundation conducts important initiatives such as providing free flu vaccinations for elementary school children, offering breast imaging services for patients who cannot afford them, conducting home visits for newborns to ensure a healthy start in life, and providing charity care for patients in need. Moreover, the Foundation funds an employee emergency assistance program for staff facing personal crises.
The Foundation's investments in technology also bring advancements to patients and the community at a faster pace. Notably, the Foundation's support has enabled the existence and continued operation of the Clarissa C. Cook Hospice House, which provides end-of-life care, particularly for those who are less fortunate.
Overall, the Genesis Health Services Foundation plays a crucial role in improving the health and well-being of the communities served by the Genesis Health System through its diverse range of impactful programs and services.
This information is meant to be a general summary of Genesis Health Services 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: $702,099
- Gross Receipts: $5,348,650
Assets and Liabilities:
- Total Assets: $32,103,921
- Total Liabilities: $1,740,974
- Net Assets: $30,362,947
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Organization Details
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