Overview
What is Medical College Of Va Hospital Aux Vcu?
The Medical College of Virginia Hospital Auxiliary, operating under the name VCU Medical Center Auxiliary, is a nonprofit organization based in Richmond, Virginia. With a small workforce of nine individuals, this organization supports the VCU Health System (VCUHS) by making grants to the MCV Foundation. These grants contribute towards purchasing necessary equipment and funding programs that are not covered by the departments' budgets. VCUHS is a not-for-profit teaching hospital, providing substantial charitable health care to the Richmond community. In addition to financial support, the Auxiliary also organizes and provides volunteers to the hospital, offering assistance where needed and aiming to create a welcoming environment for volunteers. The mission of the Auxiliary is to provide support for patients, families, and staff at VCUHS through service, grant funding, and special activities, as well as encouraging volunteer participation.
Official website here: www.vcuhealth.org/for-your-health/volunteer
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Stars)
The Medical College Of Va Hospital Aux Vcu, operating as VCU Medical Center Auxiliary, has received a low rating of 33% from Charity Navigator, indicating significant concerns in accountability and financial management. While the organization has a fully independent board, which is a positive aspect, it lacks crucial financial transparency, as evidenced by missing financial statements and a poor program expense ratio.
One of the strengths of the organization is its commitment to governance, with a fully independent board and established conflict of interest policies. However, the absence of a whistleblower and document retention policies highlights gaps in its operational integrity. Furthermore, the organization has not made its tax forms available on its website, which can limit public trust and accountability.
Financially, the organization's liabilities to assets ratio is concerning, standing at 1.23%, suggesting potential fiscal instability. The program expense ratio of 43.42% indicates that less than half of its expenditures are directed towards its programs, raising questions about its effectiveness and resource allocation. Overall, while there are some governance strengths, the significant financial transparency issues and low program expense ratio result in an unfavorable assessment of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Medical College Of Va Hospital Aux Vcu legitimate?
Medical College Of Va Hospital Aux Vcu is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical College Of Va Hospital Aux Vcu 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: $164,419
For more financial information, click here
Official website here: www.vcuhealth.org/for-your-health/volunteer
What is the mission statement of Medical College Of Va Hospital Aux Vcu?
The Medical College of Virginia Hospital Auxiliary at VCU Medical Center Auxiliary, in its mission, aims to offer support to patients, their families, and hospital staff. This is primarily achieved through various services, grant funding, and special activities. Additionally, the organization strives to create an inviting and encouraging environment for volunteers, motivating them to contribute to the hospital's operations. The Auxiliary also makes significant financial contributions to the VCU Health System, funding equipment and programs not covered by the departments' budgets. These funds assist in enhancing the overall healthcare services provided by the hospital, particularly to the Richmond community, which benefits from substantial charitable health care services.
Official website here: www.vcuhealth.org/for-your-health/volunteer
Who is the CEO of Medical College Of Va Hospital Aux Vcu?
Lizabeth Herlich is the Director of Medical College Of Va Hospital Aux Vcu.
Official website here: www.vcuhealth.org/for-your-health/volunteer
What is the revenue of Medical College Of Va Hospital Aux Vcu?
Medical College Of Va Hospital Aux Vcu's revenue in 2023 was $993,491.
Official website here: www.vcuhealth.org/for-your-health/volunteer
Who are the executives of Medical College Of Va Hospital Aux Vcu and what are their salaries?
The average compensation at Medical College Of Va Hospital Aux Vcu during 2023 was $18,269. There are 9 employees and 25 volunteers at Medical College Of Va Hospital Aux Vcu.
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Official website here: www.vcuhealth.org/for-your-health/volunteer
Where can I find the form 990 for Medical College Of Va Hospital Aux Vcu?
Medical College Of Va Hospital Aux Vcu's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vcuhealth.org/for-your-health/volunteer
Learn more at the official website: www.vcuhealth.org/for-your-health/volunteer
Mission Statement of Medical College Of Va Hospital Aux Vcu
The Medical College of Va Hospital Aux VCU DBA VCU Medical Center Auxiliary is dedicated to supporting patients, families, and staff at VCU Health System (VCUHS) in various ways. Their primary objectives include providing assistance through service, grant funding, and special activities, as well as creating an inviting and encouraging environment for volunteers to contribute. The organization achieves this by making substantial grants to the VCU Foundation, which in turn supports various departments within VCUHS. These grants help fund equipment and programs that are not covered by the departments' budgets. By doing so, the Medical College of Va Hospital Aux VCU DBA VCU Medical Center Auxiliary contributes to the provision of charitable health care services to the Richmond community, as VCUHS is a not-for-profit teaching hospital. The auxiliary also organizes and provides volunteers to the hospital, ensuring that they are deployed where their assistance is needed most.
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Impact
July, 2024
The impact of the Medical College Of Va Hospital Aux Vcu DBA Vcu Medical Center Auxiliary is significant in providing support for patients, families, and staff at VCU Health System through service, grant funding, and special activities. They have made substantial grants totaling $482,971 to support various departments within the VCU Health System with equipment and programs not funded through department budgets. This contribution helps VCUHS, a not-for-profit teaching hospital, provide essential healthcare services to the Richmond community. Additionally, the Auxiliary plays a crucial role in organizing and providing volunteers to the hospital, offering assistance as needed. Through their efforts, the Auxiliary creates an inviting and supportive environment that encourages volunteers to serve with dedication.
This information is meant to be a general summary of Medical College Of Va Hospital Aux Vcu. 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 2023.
- Investment Income: $789
- Gross Receipts: $1,733,921
Assets and Liabilities:
- Total Assets: $979,157
- Total Liabilities: $12,053
- Net Assets: $967,104
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Organization Details
Founding Year
1977
Phone
(804) 937-3939Principal Officer
Lizabeth Herlich
Main Address
P O Box 980256, Richmond, VA, 23298
NTEE Category
Code: E80 - Health
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