Overview
What is North Carolina Healthcare Foundation Inc?
North Carolina Healthcare Foundation Inc is a nonprofit organization situated in Raleigh, North Carolina. Their primary mission is to foster and accelerate collective impact among hospitals, health systems, and community partners to enhance the health of North Carolinians. By connecting key individuals and organizations with promising innovations, they aim to drive necessary change in the healthcare sector. The foundation has a workforce of 64 individuals, working diligently to align leaders across the Carolinas in pursuit of a more equitable and improved health system.
Official website here: www.ncha.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The North Carolina Healthcare Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, with a score of 97%. This high rating reflects outstanding performance in the accountability and finance category, indicating strong fiscal management and transparency. Notably, the organization excels with a program expense ratio of 99.59%, demonstrating a commitment to maximizing funds directed toward its programs.
Key strengths include a fully independent board comprised of 12 members and robust financial oversight mechanisms, such as an audit and oversight committee. The organization has established comprehensive policies regarding conflicts of interest and whistleblower protections, contributing to a culture of accountability. Furthermore, there have been no reported issues regarding the diversion of assets, reinforcing trust in its financial integrity.
While the organization's fundraising efficiency ratio is notably low at $0.002, this suggests that a significant portion of donations is directed to program expenses rather than fundraising activities. However, the financial health indicators, including a low liabilities to assets ratio and a reasonable working capital ratio, indicate a stable financial foundation. Overall, the North Carolina Healthcare Foundation Inc stands out for its strong governance and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Healthcare Foundation Inc legitimate?
North Carolina Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Healthcare 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: $1,764,120
For more financial information, click here
Official website here: www.ncha.org
What is the mission statement of North Carolina Healthcare Foundation Inc?
The North Carolina Healthcare Foundation Inc's mission is to stimulate and expedite collective impact among hospitals, healthcare systems, and community partners, with the objective of enhancing the health of North Carolinians. They operate as a catalyst, linking key individuals and organizations with promising innovations, aiming to drive necessary changes. Their purpose is to unite leaders across the region, working towards a superior and more equitable healthcare system.
Official website here: www.ncha.org
Who is the CEO of North Carolina Healthcare Foundation Inc?
Julia Wacker is the Senior Vice President of North Carolina Healthcare Foundation Inc.
Official website here: www.ncha.org
What is the revenue of North Carolina Healthcare Foundation Inc?
North Carolina Healthcare Foundation Inc's revenue in 2022 was $4,901,892.
Official website here: www.ncha.org
Who are the executives of North Carolina Healthcare Foundation Inc and what are their salaries?
The average compensation at North Carolina Healthcare Foundation Inc during 2022 was $27,564. There are 64 employees and 13 volunteers at North Carolina Healthcare Foundation Inc.
Here are 24 key members and their salaries:
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- Related: $882,728
- Other: $165,612
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- Related: $377,683
- Other: $23,085
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- Related: $307,442
- Other: $19,385
- Compensation: $0
- Related: $268,967
- Other: $19,699
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- Related: $274,523
- Other: $13,493
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- Other: $259,728
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- Related: $231,338
- Other: $19,247
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- Related: $118,776
- Other: $11,933
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- Related: $118,480
- Other: $14,245
- Compensation: $0
- Related: $102,700
- Other: $13,705
- Compensation: $0
- Related: $103,314
- Other: $12,786
- Compensation: $0
- Related: $105,958
- Other: $10,020
Official website here: www.ncha.org
Where can I find the form 990 for North Carolina Healthcare Foundation Inc?
North Carolina Healthcare Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncha.org
Learn more at the official website: www.ncha.org
Mission Statement of North Carolina Healthcare Foundation Inc
North Carolina Healthcare Foundation Inc, as a mission-driven organization, aims to promote and expedite collaboration between hospitals, health systems, and community partners in an effort to enhance the health of North Carolinians. By fostering collective impact, the foundation seeks to align leaders across the state in their pursuit of a more equitable and improved system of care. To accomplish this, Caronova, an incubator operated by the foundation, connects key individuals and organizations with promising innovations to catalyze necessary change. The foundation's purpose is to serve as a bridge between various stakeholders, ultimately working towards a healthier and more equitable future for the people of North Carolina.
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Impact
July, 2024
North Carolina Healthcare Foundation Inc fosters and accelerates the collective impact of hospitals, health systems, and community partners to improve the health of North Carolinians. CaroNova, the organization's incubator, connects key people and organizations with promising innovations to accelerate necessary change. The foundation's purpose is to align leaders across the Carolinas in pursuit of a better and more equitable system of care. Through these efforts, North Carolina Healthcare Foundation Inc is actively working to enhance healthcare delivery and promote better health outcomes in the region.
This information is meant to be a general summary of North Carolina Healthcare 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: $108,097
- Gross Receipts: $5,858,690
Assets and Liabilities:
- Total Assets: $11,349,506
- Total Liabilities: $2,399,545
- Net Assets: $8,949,961
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Organization Details
Founding Year
1961
Phone
(919) 677-2400Principal Officer
Julia Wacker
Main Address
5440 WADE PARK BLVD 410, RALEIGH, NC, 27607
Website
www.ncha.orgNTEE Category
Code: E22I - Health
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