Overview
What is The Thomas O'Neill Catholic Health Care Fund?
The Thomas O'Neill Catholic Health Care Fund is a supporting organization located at 5601 Loch Raven Boulevard, Baltimore, Maryland. Its primary objective is to provide financial assistance to its two supported organizations, MedStar Good Samaritan Hospital and the Good Samaritan Nursing Center. The Fund allocates a minimum of 40% of its investment income annually towards charity care for hospital patients, contributing significantly to programs in areas such as research, primary care, transportation, and parish nurse programs during fiscal 2022. By doing so, the Fund supports charitable healthcare services for the indigent and contributes to the educational and scientific needs of the two hospitals.
What are the reviews and ratings of this charity?
94% - This charity has earned a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects the organization’s commitment to transparency and effective financial practices, which are crucial for donor confidence and support.
The Thomas O'Neill Catholic Health Care Fund demonstrates exceptional governance, with 85% of its board members being independent and a robust audit and oversight committee. Additionally, it has a commendable program expense ratio of over 90%, showing that a significant portion of its funds is directed towards its programs rather than administrative costs.
There are no significant limitations noted in the data, as the organization maintains strong policies regarding potential conflicts of interest and has effective mechanisms in place for document retention and whistleblower protections. Overall, it stands out as a well-managed nonprofit committed to its mission and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Thomas O'Neill Catholic Health Care Fund legitimate?
The Thomas O'Neill Catholic Health Care Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thomas O'Neill Catholic Health Care Fund 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:
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What is the mission statement of The Thomas O'Neill Catholic Health Care Fund?
The Thomas O'Neill Catholic Health Care Fund's mission is centered around supporting charitable health care services for underprivileged individuals. It also focuses on addressing the educational and scientific needs of MedStar Good Samaritan Hospital and the Good Samaritan Nursing Center. The organization's primary activity is to provide financial aid, with at least 40% of its investment income being allocated annually towards charity care for hospital patients. In the fiscal year 2022, the fund contributed $3,463,009 towards various programs, including charity care, research, primary care, transportation, and parish nurse programs.
What is the revenue of The Thomas O'Neill Catholic Health Care Fund?
The Thomas O'Neill Catholic Health Care Fund's revenue in 2024 was $7,581,638.
Who are the executives of The Thomas O'Neill Catholic Health Care Fund and what are their salaries?
There 11 volunteers at The Thomas O'Neill Catholic Health Care Fund.
Here are 14 key members and their salaries:
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- Related: $994,732
- Other: $39,640
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- Related: $565,600
- Other: $32,895
Where can I find the form 990 for The Thomas O'Neill Catholic Health Care Fund?
The Thomas O'Neill Catholic Health Care Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Thomas O'Neill Catholic Health Care Fund
The Thomas O'Neill Catholic Health Care Fund is committed to a mission that entails providing charitable health care services for those in need. This mission is specifically geared towards supporting MedStar Good Samaritan Hospital and the Good Samaritan Nursing Center. The Fund's objective is to contribute financially to these organizations, ensuring they can cater to the indigent population and meet their educational and scientific requirements. Each fiscal year, the Fund is required to allocate at least 40% of its investment income towards charity care for the benefit of hospital patients. In the fiscal year 2022, the Fund dispensed $3,463,009 to support various programs, including charity care, research, primary care, transportation, and parish nurse programs.
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Impact
July, 2024
The Thomas O'Neill Catholic Health Care Fund has a significant impact on providing charitable health care services for the indigent population. Additionally, the fund supports the educational and scientific needs of MedStar Good Samaritan Hospital and the Good Samaritan Nursing Center. In fiscal year 2022, the fund provided $3,463,009 to support various programs such as charity care, research, primary care, transportation, and parish nurse programs. This financial support plays a crucial role in improving healthcare access and services for those in need within the Baltimore community.
This information is meant to be a general summary of The Thomas O'Neill Catholic Health Care Fund. 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 2024.
- Investment Income: $1,796,408
- Gross Receipts: $7,581,638
Assets and Liabilities:
- Total Assets: $68,196,085
- Total Liabilities: $95,686
- Net Assets: $68,100,399
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Organization Details
Founding Year
1974
Principal Officer
Thomas J Senker
NTEE Category
Code: E110 - Health
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