Overview
What is Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc, based in Gastonia, North Carolina, is a dedicated nonprofit organization that primarily focuses on raising funds for programs, initiatives, and capital projects aimed at addressing the health-related needs of their community. Their mission is to inspire and engage the community in supporting Caromont Health, ensuring the provision of compassionate, exceptional, and highly reliable healthcare. The foundation operates a grants program, benefiting both internal departments and local non-profit organizations, while also managing seven academic scholarship funds. One hundred percent of the contributions directly support their foundation programs, with operating costs generously covered by Caromont Health. The organization has a small workforce of five individuals.
Official website here: www.caromont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Gaston Memorial Hospital Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting their strong commitment to accountability and financial transparency. The charity's overall score is derived entirely from an impressive Accountability & Finance score of 96%, indicating robust financial health and effective management practices.
The foundation demonstrates significant strengths, including having a majority of independent board members and thorough oversight in financial matters. Their program expense ratio stands at 98.42%, showcasing a strong focus on channeling funds directly into their programs rather than administrative costs. Moreover, the presence of comprehensive policies related to conflict of interest, whistleblower protections, and document retention adds to their credibility and operational integrity.
While the foundation's financial indicators are robust, it is important to consider the overall impact of their work in the community. The high percentage of expenses directed towards programs suggests effective use of resources, but additional qualitative data on program outcomes would provide a fuller picture of their effectiveness in achieving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Gaston Memorial Hospital Foundation Inc legitimate?
Gaston Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gaston Memorial Hospital 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: $172,265
For more financial information, click here
Official website here: www.caromont.org
What is the mission statement of Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc's mission is to engage and inspire their community to support Caromont Health in providing compassionate, exceptional, and highly reliable care. They achieve this by raising funds for programs, initiatives, and capital projects aimed at meeting the health-related needs and improving the quality of life within their community. The foundation also operates a grants program, benefiting both internal departments and local non-profit organizations, and manages seven academic scholarship funds. One hundred percent of contributions directly support foundation programs, with operating costs covered generously by Caromont Health.
Official website here: www.caromont.org
Who is the CEO of Gaston Memorial Hospital Foundation Inc?
David O'Connor is the Evp/Cfo/Asst. Treasurer/Director of Gaston Memorial Hospital Foundation Inc. The CEO's salary of Gaston Memorial Hospital Foundation Inc is $0 and their total compensation is $1,745,670.
Official website here: www.caromont.org
What is the revenue of Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc's revenue in 2022 was $2,489,196.
Official website here: www.caromont.org
Who are the executives of Gaston Memorial Hospital Foundation Inc and what are their salaries?
The average compensation at Gaston Memorial Hospital Foundation Inc during 2022 was $34,453. There are 5 employees at Gaston Memorial Hospital Foundation Inc.
Here are 6 key members and their salaries (Gaston Memorial Hospital Foundation Inc's CEO's salary is $0 and their total compensation is $1,745,670):
- Compensation: $0
- Related: $816,772
- Other: $147,842
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $536,521
- Other: $98,134
- Compensation: $0
- Related: $19,872
- Other: $0
- Compensation: $0
- Related: $1,491,823
- Other: $253,847
- Compensation: $0
- Related: $440,881
- Other: $82,961
Official website here: www.caromont.org
Where can I find the form 990 for Gaston Memorial Hospital Foundation Inc?
Gaston Memorial Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caromont.org
Learn more at the official website: www.caromont.org
Mission Statement of Gaston Memorial Hospital Foundation Inc
Gaston Memorial Hospital Foundation Inc is committed to inspiring and engaging the community to support Caromont Health in providing compassionate, exceptional, and highly reliable care. Their mission is centered around raising funds for programs, initiatives, and capital projects that aim to address health-related needs and improve the quality of life within their community. In addition to this, the foundation operates a grants program, benefiting both internal departments and local non-profit organizations, as well as managing seven academic scholarship funds. It is noteworthy that one hundred percent of contributions made to Gaston Memorial Hospital Foundation Inc directly support foundation programs, with operating costs being generously covered by Caromont Health. Through their efforts, the foundation plays a significant role in supporting Caromont Health's mission of providing exceptional healthcare services to their community.
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Impact
July, 2024
Gaston Memorial Hospital Foundation Inc's impact is centered on engaging and inspiring the community to support CaroMont Health in providing compassionate, exceptional, and highly reliable care. The foundation raises money for programs, initiatives, and capital projects that aim to meet health-related needs and improve the quality of life in the community. Additionally, they operate a grants program benefiting internal departments, local non-profit organizations, and manage seven academic scholarship funds. All contributions received go directly to support foundation programs, while operating costs are covered by CaroMont Health.
This information is meant to be a general summary of Gaston Memorial Hospital 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: $1,762,248
- Gross Receipts: $2,489,196
Assets and Liabilities:
- Total Assets: $26,052,596
- Total Liabilities: $30,640
- Net Assets: $26,021,956
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Organization Details
Founding Year
1985
Phone
(704) 834-2000Principal Officer
David O'Connor
Main Address
2525 COURT DRIVE PO BOX 1747, GASTONIA, NC, 28054
Website
www.caromont.orgNTEE Category
Code: E11 - Health
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