Overview
What is The Summit Medical Group Foundation Inc?
The Summit Medical Group Foundation Inc, operating as Summit Health Cares, is a nonprofit organization based in New Providence, New Jersey. Their mission is centered around improving healthcare access for underserved individuals within their community and inspiring current and future healthcare leaders. They accomplish this by investing in initiatives aimed at bettering healthcare services, as well as educating and motivating upcoming professionals in the field. With a team of three dedicated individuals, the foundation strives to make a meaningful impact on the wellbeing of their community.
Official website here: www.sh-cares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
The Summit Medical Group Foundation Inc has achieved an overall rating of 88%, reflecting strong performance in the category of Accountability & Finance. With this high score, the foundation demonstrates a commitment to transparency and sound financial practices, which is vital for maintaining donor trust and ensuring effective use of contributions.
Strengths of the organization include a fully independent board of directors, a solid audit oversight committee, and a high program expense ratio of 79.28%, indicating that a significant portion of funding is directed toward its programs rather than administrative costs. Additionally, the foundation has made essential policies available, such as conflict of interest guidelines and financial statements, contributing to its accountability.
However, there are some limitations noted, including the absence of a whistleblower policy and a document retention and destruction policy, which could affect overall governance practices. While these issues do not significantly detract from the foundation's strong financial standing, addressing them would enhance their accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is The Summit Medical Group Foundation Inc legitimate?
The Summit Medical Group Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Summit Medical Group Foundation Inc 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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Official website here: www.sh-cares.org
What is the mission statement of The Summit Medical Group Foundation Inc?
The Summit Medical Group Foundation Inc's mission is centered around improving healthcare access for underserved individuals in the community. Additionally, the organization is dedicated to educating and inspiring current and future healthcare leaders. Their activities aim to make a significant impact in this area, with a focus on improving healthcare access and fostering the development of future healthcare leaders. The foundation incurs expenses in pursuit of these objectives.
Official website here: www.sh-cares.org
Who is the CEO of The Summit Medical Group Foundation Inc?
Joe Finocchiaro is the President - Trustee of The Summit Medical Group Foundation Inc.
Official website here: www.sh-cares.org
What is the revenue of The Summit Medical Group Foundation Inc?
The Summit Medical Group Foundation Inc's revenue in 2022 was $1,678,529.
Official website here: www.sh-cares.org
Who are the executives of The Summit Medical Group Foundation Inc and what are their salaries?
There are 3 employees and 450 volunteers at The Summit Medical Group Foundation Inc.
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Official website here: www.sh-cares.org
Where can I find the form 990 for The Summit Medical Group Foundation Inc?
The Summit Medical Group Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sh-cares.org
Learn more at the official website: www.sh-cares.org
Mission Statement of The Summit Medical Group Foundation Inc
The Summit Medical Group Foundation Inc is committed to enhancing access to healthcare for individuals who are underserved in their community. Beyond providing medical services, the organization also aims to inspire and educate current and future healthcare leaders. By investing in initiatives that improve healthcare access and fostering the growth of future leaders, The Summit Medical Group Foundation Inc seeks to make a significant impact in the lives of those who may not otherwise have access to quality healthcare services.
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Impact
July, 2024
The Summit Medical Group Foundation Inc works tirelessly to improve access to healthcare for underserved individuals in our community. By focusing on this mission, they are making a significant impact on the lives of those who may not have easy access to necessary healthcare services. Additionally, the foundation plays a key role in educating and inspiring current and future healthcare leaders, contributing to the overall improvement of healthcare delivery in our community. Their dedication and efforts contribute to a healthier and more equitable society for all.
This information is meant to be a general summary of The Summit Medical Group 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: $6,510
- Gross Receipts: $2,327,671
Assets and Liabilities:
- Total Assets: $4,454,227
- Total Liabilities: $868,804
- Net Assets: $3,585,423
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Organization Details
Founding Year
2013
Phone
(908) 277-8788Principal Officer
Joe Finocchiaro
Main Address
150 FLORAL AVENUE SUITE 103, NEW PROVIDENCE, NJ, 07974
Website
www.sh-cares.orgNTEE Category
Code: E12 - Health
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