Overview
What is Carilion Clinic Foundation?
The Carilion Clinic Foundation is a nonprofit organization headquartered in Roanoke, Virginia. Its primary role is to boost the development and outreach of Carilion Clinic's seven hospitals and numerous clinic sites. The foundation accomplishes this by securing philanthropic support. Funds raised by the foundation are allocated towards enhancing patient care, community outreach, medical research, and addressing capital requirements for Carilion Clinic. The foundation's mission encapsulates fundraising, managing assets, grant distribution, and undertaking related projects to better serve the health needs of the communities associated with Carilion Clinic. It employs a team of 8 individuals in its operations.
Official website here: www.carilionfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Carilion Clinic Foundation with an 88% score, which translates to a Three-Star out of Four Star rating. This rating reflects a strong focus on Accountability & Finance, with the organization scoring particularly well across several key metrics, including an independent board and robust financial oversight policies. However, the absence of a rating for Leadership & Adaptability, Culture & Community, and Impact & Measurement leaves some aspects of the organization's performance unassessed.
One of the notable strengths of Carilion Clinic Foundation is its high percentage of independent board members and strong conflict of interest policies, indicating a commitment to transparency and governance. The foundation also shows a healthy financial position with a low liabilities to assets ratio and effective fundraising efficiency, which are positive indicators for potential donors and stakeholders.
Conversely, the program expense ratio is somewhat lower than ideal, suggesting that a larger portion of expenditures is allocated to administrative costs rather than direct program services. This could be a point of concern for donors hoping to see a greater impact from their contributions. Overall, while the financial aspects are strong, the full picture of the organization's efficacy is less clear due to the lack of additional performance metrics.
Not Available
This AI summary has been generated from information found on Charity Navigator.
Is Carilion Clinic Foundation legitimate?
Carilion Clinic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carilion Clinic Foundation 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: $418,845
Professional Fundraising Fees: $0
Other Salaries and Wages: $433,019
For more financial information, click here
Official website here: www.carilionfoundation.org
What is the mission statement of Carilion Clinic Foundation?
The Carilion Clinic Foundation's mission is centered around enhancing the health of the communities served by Carilion Clinic. This is achieved through various means, including fundraising, grant distribution, and other related activities. The primary focus is on supporting patient care, addressing community needs, advancing medical research, and meeting capital requirements. Philanthropic contributions to the Foundation contribute to Carilion Clinic's hospitals and multiple clinic sites, thereby aiding in patient care, outreach programs, and infrastructure developments.
Official website here: www.carilionfoundation.org
Who is the CEO of Carilion Clinic Foundation?
Nancy Howell Agee is the CEO of Carilion Clinic Foundation The CEO's salary of Carilion Clinic Foundation is $0 and their total compensation is $3,187,971.
Official website here: www.carilionfoundation.org
What is the revenue of Carilion Clinic Foundation?
Carilion Clinic Foundation's revenue in 2023 was $7,219,421.
Official website here: www.carilionfoundation.org
Who are the executives of Carilion Clinic Foundation and what are their salaries?
The average compensation at Carilion Clinic Foundation during 2023 was $85,186. There are 10 employees and 8 volunteers at Carilion Clinic Foundation.
Here are 18 key members and their salaries (Carilion Clinic Foundation's CEO's salary is $0 and their total compensation is $3,187,971):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $11,248
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $23,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,186,283
- Other: $1,001,688
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $11,825
- Other: $0
- Compensation: $0
- Related: $988,973
- Other: -$138,321
- Compensation: $0
- Related: $409,821
- Other: -$254,014
- Compensation: $0
- Related: $817,822
- Other: $83,882
- Compensation: $172,243
- Related: $0
- Other: -$31,825
- Compensation: $241,831
- Related: $0
- Other: $16,742
- Compensation: $141,051
- Related: $0
- Other: $6,010
Official website here: www.carilionfoundation.org
Where can I find the form 990 for Carilion Clinic Foundation?
Carilion Clinic Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carilionfoundation.org
Learn more at the official website: www.carilionfoundation.org
Mission Statement of Carilion Clinic Foundation
The Carilion Clinic Foundation, a nonprofit organization, is dedicated to enhancing the health of the communities that Carilion Clinic serves. It accomplishes this mission through various means, including fundraising, grant allocation, and other related activities. The primary focus of the foundation is to support patient care, address community needs, foster medical research, and cater to capital requirements within Carilion Clinic's network of seven hospitals and numerous clinic sites. Philanthropic contributions to the foundation contribute significantly to the betterment of healthcare services, community outreach programs, and essential infrastructure development within Carilion Clinic.
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Impact
July, 2024
Carilion Clinic Foundation's impact is significant in improving the health of the communities served by Carilion Clinic. Through fundraising, grants, and other activities, the Foundation supports patient care, community outreach, medical research, and capital needs of Carilion Clinic's 7 hospitals and multiple clinic sites. By securing philanthropic support, the Foundation plays a crucial role in enhancing patient care, addressing community needs, advancing medical research, and ensuring the availability of necessary capital resources. The Foundation's efforts have a direct and positive impact on the health and well-being of the community.
This information is meant to be a general summary of Carilion Clinic Foundation. 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: $1,516,910
- Program Service Revenue: $1,302,760
- Gross Receipts: $56,039,892
Assets and Liabilities:
- Total Assets: $51,141,669
- Total Liabilities: $179,020
- Net Assets: $50,962,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SERVICES
Revenue
$1,302,760
Organization Details
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