Overview
What is Business Group On Health?
Business Group on Health is a Washington, D.C.-based nonprofit organization with approximately 48 employees. Their primary mission is to bring together employers and health industry stakeholders for larger-scale conferences and summits. These events aim to address the financing, delivery, affordability, and consumer experience as they pertain to health, well-being, and workforce strategy issues. The organization's activities are designed to foster collaboration and innovation among its members and non-members, ultimately contributing to the enhancement of healthcare solutions for various stakeholders.
Official website here: www.businessgrouphealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Business Group On Health has received a Three-Star rating from Charity Navigator, reflecting a solid overall performance in terms of accountability and finance. The organization excels in maintaining an independent board, with 91% of its members being independent, and demonstrates strong financial oversight through its audit and oversight committee. Policies related to conflicts of interest, whistleblower protections, and document retention are all well-established, contributing to its high accountability score.
However, while the organization shows strengths in governance, some financial ratios indicate areas for improvement. The program expense ratio is relatively low at 60.94%, which suggests that a significant portion of its expenses may not be directed toward direct programming. Additionally, the fundraising efficiency ratio is notably low, indicating that the organization spends a substantial amount in relation to funds raised, which could affect its sustainability and growth potential.
Overall, Business Group On Health's commitment to financial transparency and strong governance practices positions it as a credible nonprofit. Addressing its fundraising efficiency and ensuring a higher percentage of expenses are allocated directly to programs could enhance its impact in the health sector.
This AI summary has been generated from information found on Charity Navigator.
Is Business Group On Health legitimate?
Business Group On Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Group On Health 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: $2,108,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,367,157
For more financial information, click here
Official website here: www.businessgrouphealth.org
What is the mission statement of Business Group On Health?
The Business Group on Health serves as a platform for employers and stakeholders in the health industry to come together and tackle issues relating to the financing, delivery, affordability, and consumer experience of healthcare, well-being, and workforce strategy. Their mission is to facilitate discussions and collaborations on these topics through organizing conferences and summits, providing a valuable space for members and non-members alike to engage in content-rich sessions.
Official website here: www.businessgrouphealth.org
Who is the CEO of Business Group On Health?
Ellen Kelsay is the Director of Business Group On Health. The CEO's salary of Business Group On Health is $1,231,515 and their total compensation is $1,272,969.
Official website here: www.businessgrouphealth.org
What is the revenue of Business Group On Health?
Business Group On Health's revenue in 2022 was $12,420,089.
Official website here: www.businessgrouphealth.org
Who are the executives of Business Group On Health and what are their salaries?
The average compensation at Business Group On Health during 2022 was $134,903. There are 48 employees and 11 volunteers at Business Group On Health.
Here are 24 key members and their salaries (Business Group On Health's CEO's salary is $1,231,515 and their total compensation is $1,272,969):
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- Compensation: $1,231,515
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- Other: $41,454
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- Compensation: $217,252
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- Other: $40,443
- Compensation: $281,973
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- Compensation: $282,704
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- Compensation: $329,391
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- Other: $59,237
- Compensation: $326,568
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- Other: $57,412
- Compensation: $263,745
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- Other: $59,404
Official website here: www.businessgrouphealth.org
Where can I find the form 990 for Business Group On Health?
Business Group On Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.businessgrouphealth.org
Learn more at the official website: www.businessgrouphealth.org
Mission Statement of Business Group On Health
The Business Group on Health is a prominent organization that brings together employers and health industry stakeholders to tackle the financing, delivery, affordability, and consumer experience issues related to health, well-being, and workforce strategy. By assembling a diverse group of members and non-members, the Business Group on Health facilitates large-scale discussions and content-driven sessions to address these pressing concerns.
In simpler terms, the Business Group on Health acts as a convener for industry professionals and employers to collaborate and find solutions for challenges that intertwine the financial aspects of health, the delivery of health services, the affordability of these services, and the overall consumer experience. The organization's primary focus is on facilitating discussions and initiatives that can lead to improvements in these areas, ultimately benefiting both employers and their workforces.
Through conferences and summits, the Business Group on Health offers a platform for members and non-members alike to engage in meaningful discourse and learn from one another. These events provide valuable opportunities for attendees to explore the latest trends, share best practices, and collaborate on potential solutions to the complex issues facing the health industry. By fostering a collaborative environment and bringing together diverse perspectives, the Business Group on Health plays a crucial role in driving positive change and innovation within the health sector.
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Impact
October, 2024
Business Group On Health significantly influences the landscape of health and well-being in the workplace by bringing together employers and health industry stakeholders. Through its convening power, it addresses critical issues related to financing, delivery, affordability, and the consumer experience in health care.
The organization hosts conferences and summits that serve as platforms for collaboration, enabling participants to engage in discussions on best practices and innovative strategies. These events provide invaluable opportunities for both members and non-members to collectively explore solutions that enhance employee health and productivity, ensuring that well-being becomes an integral part of workforce strategies.
By facilitating dialogue among diverse stakeholders, Business Group On Health plays a pivotal role in shaping policies and practices that improve access to quality health care, foster healthier workplaces, and ultimately lead to better health outcomes for employees and their families. Its efforts contribute to a more sustainable and equitable health system, impacting not only businesses but also the broader community.
This information is meant to be a general summary of Business Group On Health. 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: $899,868
- Program Service Revenue: $6,460,970
- Gross Receipts: $17,097,515
Assets and Liabilities:
- Total Assets: $32,207,041
- Total Liabilities: $11,985,214
- Net Assets: $20,221,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$5,838,325
CONFERENCES AND SEMINA
Revenue
$548,645
WEBINARS
Revenue
$40,000
APPLICATION FEES
Revenue
$34,000
Organization Details
Founding Year
1979
Phone
(202) 558-3000Principal Officer
Ellen Kelsay
Main Address
20 F STREET NW 200, WASHINGTON, DC, 20001
Website
www.businessgrouphealth.orgNTEE Category
Code: E00F - Health
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