Overview
What is Prairie Ridge Foundation Inc?
Prairie Ridge Foundation Inc is a nonprofit organization established in 2013, with a mission to assist Prairie Ridge Hospital and Health Services in catering to the healthcare requirements of the community. To further this mission, the foundation began fundraising activities. In 2014, it established Prairie Ridge Fitness LLC, which became the only functional fitness center in Elbow Lake, Minnesota, since its inception in 2015. The foundation's primary objective is to collaborate with and bolster the efforts of Prairie Ridge Hospital and Health Services through its fundraising initiatives.
Official website here: www.lrhc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Prairie Ridge Foundation Inc has received a rating of 74%, indicating a Two-Star evaluation. This score reflects the organization's commitment to accountability and finance, particularly with a strong program expense ratio of 95.39%, signifying that a significant portion of its funds goes directly to its programs. Additionally, the organization benefits from a fully independent board, which is a positive indicator of governance.
However, there are notable limitations in the organization's practices. The absence of a whistleblower policy and a document retention policy are significant gaps in accountability, both receiving a score of zero. Furthermore, the nonprofit has not made its tax form publicly available on its website, which can hinder transparency efforts.
Overall, while Prairie Ridge Foundation Inc demonstrates strengths in financial management and independent governance, the lack of certain policies and transparency measures suggests areas for improvement to enhance trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Prairie Ridge Foundation Inc legitimate?
Prairie Ridge Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prairie Ridge Foundation Inc submitted a form 990EZ, 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.
Official website here: www.lrhc.org
What is the mission statement of Prairie Ridge Foundation Inc?
The Prairie Ridge Foundation Inc began its operations in 2013, primarily focusing on fundraising to support Prairie Ridge Hospital and Health Services in fulfilling its mission to cater to the healthcare needs of the community. In 2014, the foundation also established Prairie Ridge Fitness LLC, serving as the only fitness center in Elbow Lake, MN since its inception in 2015. The Prairie Ridge Foundation's primary objective is to collaborate and assist Prairie Ridge Hospital and Health Services through its fundraising initiatives.
Official website here: www.lrhc.org
Who is the CEO of Prairie Ridge Foundation Inc?
Unavailable
Official website here: www.lrhc.org
What is the revenue of Prairie Ridge Foundation Inc?
Prairie Ridge Foundation Inc's revenue in 2022 was $52,059.
Official website here: www.lrhc.org
Who are the executives of Prairie Ridge Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.lrhc.org
Where can I find the form 990EZ for Prairie Ridge Foundation Inc?
Prairie Ridge Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.lrhc.org
Learn more at the official website: www.lrhc.org
Mission Statement of Prairie Ridge Foundation Inc
Prairie Ridge Foundation, established in 2013, has dedicated its mission to supporting Prairie Ridge Hospital and Health Services in their endeavor to cater to the healthcare requirements of the community. Recognizing the need for a fitness center in Elbow Lake, MN, the foundation took a proactive step in 2014 by establishing Prairie Ridge Fitness LLC. This venture, which became operational in 2015, serves as the sole fitness center in the area. The Foundation's primary objective is to collaborate with Prairie Ridge Hospital and Health Services, aiding them through various fundraising initiatives.
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Impact
August, 2024
Prairie Ridge Foundation Inc's impact is significant in the community of Elbow Lake, MN. Through their fundraising efforts since 2013, they have been able to support Prairie Ridge Hospital and Health Services in fulfilling its mission of serving the healthcare needs of the people. Additionally, the foundation established Prairie Ridge Fitness LLC in 2014, which has been operating as the only fitness center available in Elbow Lake since 2015. By partnering with and supporting PRHHS through fundraising, Prairie Ridge Foundation Inc has positively impacted the health and well-being of the local community.
This information is meant to be a general summary of Prairie Ridge 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: $18,000
- Program Service Revenue: $4,380
- Gross Receipts: $52,059
Assets and Liabilities:
- Total Assets: $260,714
- Total Liabilities: $147,448
- Net Assets: $113,266
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Organization Details
Phone
(218) 685-7300Main Address
1411 HIGHWAY 79 E, ELBOW LAKE, MN, 56531
Website
www.lrhc.orgNTEE Category
Code: E12 - Health
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