Overview
What is Commonwealth Long Term Care Foundation Inc?
Commonwealth Long Term Care Foundation Inc, located in Richmond, Virginia, is a nonprofit organization dedicated to supporting educational opportunities in the field of nursing care. Specifically, they provide scholarships to individuals working at member facilities, enabling them to advance their careers by earning either a Licensed Practical Nurse (LPN) or a Registered Nursing (RN) degree. This initiative aims to promote quality care within Virginia's long-term care communities. The foundation's headquarters can be found at 2112 West Laburnum Avenue in Richmond, Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
The Commonwealth Long Term Care Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scored 74% in its overall evaluation, reflecting strengths in specific financial metrics, such as a high program expense ratio of 97.87%, which shows a strong commitment to its mission by directing the majority of its resources to program services.
However, the organization faces notable weaknesses, particularly in governance. It has 0% independent board members, which raises concerns about potential conflicts of interest and the overall effectiveness of oversight. Additionally, the charity's website is not listed on its tax form, and it also failed to post its tax form on its website, which are both critical elements of transparency.
Despite these limitations, the charity does have strong policies in place for conflict of interest, whistleblower protections, and document retention, which are important for operational integrity. Overall, while Commonwealth Long Term Care Foundation Inc demonstrates a solid commitment to its programs, improvements in governance and transparency could enhance its rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Long Term Care Foundation Inc legitimate?
Commonwealth Long Term Care Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Long Term Care Foundation 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: $0
For more financial information, click here
What is the mission statement of Commonwealth Long Term Care Foundation Inc?
The Commonwealth Long Term Care Foundation Inc's mission is centered around supporting educational opportunities. Specifically, their goal is to promote quality care within long-term care communities. To accomplish this, they provide scholarships to individuals working at their member facilities, enabling them to advance their nursing careers by obtaining their Licensed Practical Nurse (LPN) or Registered Nursing (RN) degrees. This initiative aims to enhance the skill set and knowledge base of caregivers, ultimately improving the standard of care provided to those in need.
Who is the CEO of Commonwealth Long Term Care Foundation Inc?
J Keith Hare is the President of Commonwealth Long Term Care Foundation Inc.
What is the revenue of Commonwealth Long Term Care Foundation Inc?
Commonwealth Long Term Care Foundation Inc's revenue in 2022 was $33,581.
Who are the executives of Commonwealth Long Term Care Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $327,059
- Other: $30,565
Where can I find the form 990 for Commonwealth Long Term Care Foundation Inc?
Commonwealth Long Term Care Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commonwealth Long Term Care Foundation Inc
The Commonwealth Long Term Care Foundation Inc is committed to supporting educational opportunities and enhancing the quality of care in Virginia's long-term care communities. In pursuit of this mission, the organization provides scholarships to individuals employed at its member facilities who wish to advance their nursing careers. By earning their Licensed Practical Nurse (LPN) or Registered Nursing (RN) degrees, these individuals can significantly contribute to the improvement of care within their respective communities. This proactive approach not only benefits the individuals themselves but also the wider long-term care community, ensuring a skilled and dedicated workforce capable of delivering high-quality care.
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Impact
August, 2024
Commonwealth Long Term Care Foundation Inc's impact is significant in promoting quality care in Virginia's long-term care communities. By providing scholarships to individuals employed at member facilities who want to advance their nursing careers by earning their Licensed Practical Nurse (LPN) or Registered Nursing (RN) degrees, the foundation is not only supporting educational opportunities but also enhancing the skills and expertise of healthcare professionals in the field. Through these efforts, Commonwealth Long Term Care Foundation Inc is contributing to the improvement of care standards and ultimately the well-being of long-term care residents in Virginia.
This information is meant to be a general summary of Commonwealth Long Term Care Foundation 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: $307
- Gross Receipts: $44,787
Assets and Liabilities:
- Total Assets: $312,982
- Total Liabilities: $0
- Net Assets: $312,982
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Organization Details
Founding Year
1997
Phone
(804) 353-9101Principal Officer
J Keith Hare
Main Address
2112 WEST LABURNUM AVENUE 206, RICHMOND, VA, 23227
NTEE Category
Code: R25 - Civil rights
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