Overview
What is New Hanover Regional Medical Center Foundation Inc?
The New Hanover Regional Medical Center Foundation is a charitable organization that collaborates with Novant Health, aiming to enhance the lives of community members by supporting its programs and initiatives. By raising funds, they contribute to critical areas such as infrastructure, tools, program advancements, and staff development. Novant Health's mission is to offer exceptional patient care, striving for an outstanding experience in every aspect, at all times. The foundation plays a pivotal role in this mission by providing the necessary resources to achieve these goals.
Official website here: www.supportnovanthealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
The New Hanover Regional Medical Center Foundation Inc has achieved a perfect score of 100%, demonstrating exceptional performance in accountability and finance. This high rating reflects its transparency and effective management practices, which are crucial for donor trust and organizational integrity.
Strengths of the foundation include a fully independent board, consisting of 90% independent members, and strong oversight mechanisms such as a well-functioning audit and oversight committee. The foundation also excels in financial ratios, including a high program expense ratio of 88.32%, indicating that a significant portion of its funds is directed toward its charitable programs.
While the foundation shows remarkable strengths in its operational structure and financial health, it's important for potential donors to continually assess the impact of its programs and initiatives beyond financial metrics, ensuring that their contributions effectively support the community's healthcare needs.
This AI summary has been generated from information found on Charity Navigator.
Is New Hanover Regional Medical Center Foundation Inc legitimate?
New Hanover Regional Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hanover Regional Medical Center 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:
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For more financial information, click here
Official website here: www.supportnovanthealth.org
What is the mission statement of New Hanover Regional Medical Center Foundation Inc?
The New Hanover Regional Medical Center Foundation's mission is centered around engaging and establishing connections between donors and various initiatives under Novant Health. The primary objective of these initiatives is to enhance patient care and improve overall health within the served communities. The foundation serves a crucial role in providing financial support for essential aspects such as capital investments, equipment procurement, program advancements, and staff education within Novant Health's vision of delivering an exceptional patient experience.
Official website here: www.supportnovanthealth.org
Who is the CEO of New Hanover Regional Medical Center Foundation Inc?
Carl Armato is the Principal Officer of New Hanover Regional Medical Center Foundation Inc.
Official website here: www.supportnovanthealth.org
What is the revenue of New Hanover Regional Medical Center Foundation Inc?
New Hanover Regional Medical Center Foundation Inc's revenue in 2022 was $5,087,445.
Official website here: www.supportnovanthealth.org
Who are the executives of New Hanover Regional Medical Center Foundation Inc and what are their salaries?
There 93 volunteers at New Hanover Regional Medical Center Foundation Inc.
Here are 20 key members and their salaries:
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- Related: $134,915
- Other: $44,475
Official website here: www.supportnovanthealth.org
Where can I find the form 990 for New Hanover Regional Medical Center Foundation Inc?
New Hanover Regional Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supportnovanthealth.org
Learn more at the official website: www.supportnovanthealth.org
Mission Statement of New Hanover Regional Medical Center Foundation Inc
The New Hanover Regional Medical Center Foundation is committed to fostering connections between donors and initiatives under Novant Health, with the ultimate goal of enhancing community health and saving lives. This organization serves as a conduit for funding essential resources, such as capital investments, equipment, program support, and staff education, all of which contribute to the delivery of exceptional patient experiences. Novant Health, with its vision to provide an outstanding patient experience in every aspect, is the driving force behind the foundation's endeavors. By supporting these programs and initiatives, the New Hanover Regional Medical Center Foundation plays a crucial role in improving the overall health of the communities it serves.
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Impact
July, 2024
New Hanover Regional Medical Center Foundation Inc's impact is focused on engaging and connecting donors to Novant Health programs and initiatives that save lives and improve the health of the communities it serves. Through funding for capital, equipment, program support, and staff education, the foundation contributes to Novant Health's vision of delivering the most remarkable patient experience, in every dimension, every time. This philanthropic effort plays a crucial role in enhancing healthcare services and positively impacting the well-being of the community.
This information is meant to be a general summary of New Hanover Regional Medical Center 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: $2,983,440
- Gross Receipts: $36,045,799
Assets and Liabilities:
- Total Assets: $78,035,660
- Total Liabilities: $527,796
- Net Assets: $77,507,864
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Organization Details
Founding Year
1991
Phone
(336) 277-2411Principal Officer
Carl Armato
Main Address
2085 FRONTIS PLAZA BLVD, WINSTON SALEM, NC, 27103
Website
www.supportnovanthealth.orgNTEE Category
Code: T30 - Philanthropy
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