Overview
What is Sarasota Memorial Healthcare Foundation Inc?
Sarasota Memorial Healthcare Foundation Inc is a charitable organization based in Sarasota, Florida, with a mission to support Sarasota County's public hospital board and healthcare institutions, including Sarasota Memorial Hospital. Their primary focus is on funding research, patient care, and other needs for these organizations through grants. By improving efficiency, effectiveness, patient safety, availability, and advocacy, they aim to enhance the overall healthcare environment in the community. As the only hospital in Florida to receive the highest 5-star quality rating from the Centers for Medicare and Medicaid Services since the program began in 2016, Sarasota Memorial Healthcare Foundation's collaborative efforts contribute significantly to Sarasota Memorial Health Care System's world-class healthcare delivery.
Official website here: www.smhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Sarasota Memorial Healthcare Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The organization boasts 100% independent board members and scores perfectly in several areas, including feedback collection and usage, indicating a robust commitment to transparency and community engagement.
Financially, the foundation demonstrates effective management with a low liabilities to assets ratio and a high program expense ratio, ensuring that the majority of funds are directed towards its mission. Its fundraising efficiency is commendable, with only a minimal cost per dollar raised, showcasing the foundation's operational effectiveness.
While the foundation excels in many areas, the data does not highlight any significant limitations or areas for improvement, making it a highly regarded choice for donors looking to support a responsible nonprofit with a clear focus on community health and welfare.
This AI summary has been generated from information found on Charity Navigator.
Is Sarasota Memorial Healthcare Foundation Inc legitimate?
Sarasota Memorial Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Memorial Healthcare 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $356,408
Professional Fundraising Fees: $33,600
Other Salaries and Wages: $1,210,554
For more financial information, click here
Official website here: www.smhf.org
What is the mission statement of Sarasota Memorial Healthcare Foundation Inc?
Sarasota Memorial Healthcare Foundation Inc is a charitable organization dedicated to collaborating with Sarasota Memorial Health Care System and other not-for-profit healthcare organizations to ensure exceptional healthcare in the community. Their mission is to serve as the philanthropic partner that enables Sarasota Memorial Health Care System to deliver world-class care. The foundation provides grants for research, patient care, and other needs within the healthcare sector. These programs are designed to enhance efficiency, effectiveness, patient safety, availability, and advocacy. Sarasota Memorial Healthcare Foundation Inc supports initiatives that improve the overall well-being of over 1.5 million inpatient and outpatient visits each year. This foundation has consistently received the highest 5-star quality rating from the Centers for Medicare and Medicaid for its dedication to providing top-tier healthcare services.
Official website here: www.smhf.org
Who is the CEO of Sarasota Memorial Healthcare Foundation Inc?
Stacey Corley is the Trustee of Sarasota Memorial Healthcare Foundation Inc.
Official website here: www.smhf.org
What is the revenue of Sarasota Memorial Healthcare Foundation Inc?
Sarasota Memorial Healthcare Foundation Inc's revenue in 2022 was $45,874,936.
Official website here: www.smhf.org
Who are the executives of Sarasota Memorial Healthcare Foundation Inc and what are their salaries?
There 214 volunteers at Sarasota Memorial Healthcare Foundation Inc.
Here are 26 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $299,560
- Related: $0
- Other: $40,927
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $150,537
- Related: $0
- Other: $22,081
- Compensation: $134,091
- Related: $0
- Other: $15,603
- Compensation: $144,156
- Related: $0
- Other: $33,244
- Compensation: $159,970
- Related: $0
- Other: $26,066
- Compensation: $145,998
- Related: $0
- Other: $33,964
Official website here: www.smhf.org
Where can I find the form 990 for Sarasota Memorial Healthcare Foundation Inc?
Sarasota Memorial Healthcare Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smhf.org
Learn more at the official website: www.smhf.org
Mission Statement of Sarasota Memorial Healthcare Foundation Inc
Sarasota Memorial Healthcare Foundation, Inc., an independent charitable organization, collaborates closely with Sarasota Memorial Health Care System and other healthcare entities in Sarasota County. This philanthropic partner plays a crucial role in enhancing world-class healthcare in the community. By offering grants to Sarasota County Public Hospital Board, Sarasota Memorial Hospital, and other not-for-profit healthcare organizations, the foundation supports research, patient care, and other crucial needs.
Through its initiatives, Sarasota Memorial Healthcare Foundation aims to boost efficiency, effectiveness, patient safety, availability, and advocacy within the healthcare system. This commitment to improvement benefits over 1.5 million inpatient and outpatient visits per year. Sarasota Memorial Healthcare Foundation's efforts have earned Sarasota Memorial Hospital the highest 5-star quality rating from the Centers for Medicare and Medicaid in all reporting periods since the program began in 2016. By investing in the healthcare sector, the foundation helps create a nurturing environment where patients can receive the best possible care.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sarasota Memorial Healthcare Foundation Inc plays a vital role in enhancing healthcare within the Sarasota community. By collaborating with the Sarasota Memorial Health Care System and other organizations, the foundation ensures that world-class healthcare services are accessible to the community, supporting over 1.5 million inpatient and outpatient visits each year.
Through targeted grants to the Sarasota County Public Hospital Board, Sarasota Memorial Hospital, and other nonprofit healthcare organizations, the foundation addresses critical needs related to research, patient care, and overall operational effectiveness. This funding focuses on initiatives that improve efficiency, patient safety, and the overall quality of healthcare services.
The foundation's commitment to excellence is reflected in Sarasota Memorial Hospital's recognition as the only hospital in Florida to achieve a 5-star quality rating from the Centers for Medicare and Medicaid across all reporting periods since the program’s inception in 2016. By advocating for healthcare improvements and fostering an environment of well-being, Sarasota Memorial Healthcare Foundation Inc significantly enhances patient outcomes and supports the healthcare needs of the community.
This information is meant to be a general summary of Sarasota Memorial Healthcare 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: $2,557,478
- Gross Receipts: $91,368,976
Assets and Liabilities:
- Total Assets: $130,865,564
- Total Liabilities: $14,156,139
- Net Assets: $116,709,425
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1976
Phone
(941) 917-1286Principal Officer
Stacey Corley
Main Address
1515 SO OSPREY AVE B4, SARASOTA, FL, 34239
Website
www.smhf.orgNTEE Category
Code: E22I - Health
If you are a representative of Sarasota Memorial Healthcare Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.