Overview
What is The Foundation Of Firsthealth Inc?
The Foundation of Firsthealth Inc, based in Pinehurst, North Carolina, functions as a philanthropic entity supporting the operating entities and business lines of Firsthealth of the Carolinas, a not-for-profit healthcare system. In FY2022, the Foundation disbursed nearly $6 million towards various initiatives, including operational support for patient care facilities and services, physician and clinical staff education, and other approved operational needs. Significant disbursements included funding for a new Comprehensive Cancer Center, covering ongoing losses of the hospice house, and providing support for a nursing scholarship program, among others. The Foundation's efforts greatly enhance the overall healthcare experience and wellbeing for patients and their caregivers.
Official website here: www.firsthealth.org/foundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Foundation Of Firsthealth Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a robust commitment to transparency and ethical governance, indicated by the high percentage of independent board members and the presence of comprehensive policies for conflict of interest and whistleblower protections.
The organization excels in managing its financial responsibilities, as evidenced by its impressive program expense ratio of 85.64%. This suggests that a significant portion of its resources is directed towards fulfilling its mission, rather than administrative costs. Additionally, the absence of any material diversion of assets further underscores its financial integrity and commitment to donor trust.
While the data highlights the organization's strengths, there are no noted limitations or areas for improvement in the provided feedback. Overall, The Foundation Of Firsthealth Inc stands out as a well-managed nonprofit with solid financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of Firsthealth Inc legitimate?
The Foundation Of Firsthealth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of Firsthealth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $803,692
For more financial information, click here
Official website here: www.firsthealth.org/foundation
What is the mission statement of The Foundation Of Firsthealth Inc?
The Foundation of Firsthealth Inc exists to provide philanthropic support for the operating entities and business lines of Firsthealth of the Carolinas, a not-for-profit healthcare system. This philanthropic backing helps further the mission of Firsthealth by funding operational needs, such as patient care facilities, staff education, and other approved operational expenses. In FY2022, significant disbursements from the Foundation to Firsthealth included funds for a new comprehensive cancer center, hospice house maintenance, and nursing education programs. Additionally, the Foundation supported various healthcare initiatives that catered to underinsured children, palliative care programs, and physician leadership academy. The Foundation's grants played a crucial role in ensuring the successful operation of these programs and services.
Official website here: www.firsthealth.org/foundation
Who is the CEO of The Foundation Of Firsthealth Inc?
Kathleen Stockham is the Principal Officer of The Foundation Of Firsthealth Inc.
Official website here: www.firsthealth.org/foundation
What is the revenue of The Foundation Of Firsthealth Inc?
The Foundation Of Firsthealth Inc's revenue in 2022 was $15,308,548.
Official website here: www.firsthealth.org/foundation
Who are the executives of The Foundation Of Firsthealth Inc and what are their salaries?
There 225 volunteers at The Foundation Of Firsthealth 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: $697,243
- Other: $311,626
- 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: $1,216,727
- Other: $124,960
- Compensation: $0
- Related: $318,718
- Other: $21,590
- Compensation: $0
- Related: $304,424
- Other: $19,097
- Compensation: $0
- Related: $169,713
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $368,410
- Other: $30,306
- Compensation: $0
- Related: $632,812
- Other: $30,916
Official website here: www.firsthealth.org/foundation
Where can I find the form 990 for The Foundation Of Firsthealth Inc?
The Foundation Of Firsthealth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firsthealth.org/foundation
Learn more at the official website: www.firsthealth.org/foundation
Mission Statement of The Foundation Of Firsthealth Inc
The Foundation of Firsthealth, Inc., a not-for-profit organization, is dedicated to providing philanthropic support to Firsthealth of the Carolinas, Inc., a healthcare system exempt from income tax under IRS sections 501c(3) and 170(b)(1)(a)(iii). By extending financial assistance, the Foundation significantly contributes to the operational needs of Firsthealth, enhancing patient care facilities and services, funding education and training for clinical staff, and addressing other approved operational requirements.
Through philanthropic giving, The Foundation of Firsthealth, Inc. has made substantial disbursements in the fiscal year 2022. These contributions included a substantial pledge of $3 million towards the construction of a new comprehensive cancer center, covering the ongoing annual operating losses of the hospice house, and offsetting the cost of community programs held at Clara's House. Additionally, the Foundation supported Firsthealth's outpatient palliative care program, the Physician's Leadership Academy and the Office of Provider Wellbeing, and made grants for quality dental care for underinsured children, and complex care management programs.
Furthermore, the Foundation's generous support enabled the provision of nursing education programs, nursing enrichment programs, and external professional conferences. These investments in nursing and education further strengthened the healthcare system's commitment to delivering high-quality care and maintaining Magnet certification. Overall, The Foundation of Firsthealth, Inc. plays a vital role in augmenting the operational capabilities of Firsthealth of the Carolinas, Inc., thereby enhancing the quality of care and services provided to their patients.
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
The Foundation of FirstHealth Inc significantly enhances healthcare services in the Carolinas by providing critical financial support to FirstHealth of the Carolinas. In the fiscal year 2022 alone, the Foundation allocated nearly $6 million in grants to bolster various operational aspects of patient care facilities and services.
Key contributions included a $3 million pledge toward the new Comprehensive Cancer Center and continued financial support for FirstHealth Hospice House and Clara McLean Hospitality House. These support mechanisms not only address operating deficits but also enhance the quality of life for patients and their families during challenging times.
Through initiatives such as supporting outpatient palliative care, nursing education programs, and financial assistance for underinsured children needing dental care, the Foundation addresses diverse community needs. Their efforts facilitate specialized programs ranging from complex care management to support for cancer patients, ensuring that essential services reach those who may otherwise struggle to access them.
Clara's House alone exemplified the Foundation's impact, accommodating a significant number of guests needing respite during cancer treatment and offering various supportive services. This outreach not only alleviates the burdens on patients and caregivers but fosters a community-centric approach to care, emphasizing the Foundation’s commitment to holistic health. The overall contributions by the Foundation not only mitigate financial strains but also enhance patient experiences, ensuring comprehensive care that addresses both medical and emotional needs.
This information is meant to be a general summary of The Foundation Of Firsthealth 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: $10,802,342
- Gross Receipts: $29,537,261
Assets and Liabilities:
- Total Assets: $84,024,548
- Total Liabilities: $2,943,541
- Net Assets: $81,081,007
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1976
Phone
(910) 695-7500Principal Officer
Kathleen Stockham
Main Address
155 MEMORIAL DRIVE, PINEHURST, NC, 28374
NTEE Category
Code: T30 - Philanthropy
If you are a representative of The Foundation Of Firsthealth 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.