Overview
What is Flaget Memorial Hospital Foundation?
Flaget Memorial Hospital Foundation, established in 2005, is a charitable organization based in Lexington, Kentucky. As a 501(c)(3), it raises and administers funds to support the core values and strategic plan of Flaget Healthcare, Inc. Governed by a board of directors comprising community members and the parent organization's president, the foundation plays a crucial role in various outreach programs and services. These include violence prevention, patient family assistance, employee financial aid, and initiatives that enhance patient care, fund cutting-edge medical research, support health professional education, and improve health access. During the reporting period, the foundation successfully raised over $2.9 million through major gifts, grants, and employee campaigns, subsequently distributing over $499,000 for program support. As an affiliate of CommonSpirit Health, Flaget Memorial Hospital Foundation aims to make the healing presence of God known in the world by improving the health of the vulnerable population and advocating for social justice for all.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Flaget Memorial Hospital Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization’s score is derived entirely from its performance in accountability and finance, showcasing its strong adherence to best practices in these areas. A notable aspect of its rating is a perfect score of 100% for its Accountability & Finance practices.
The foundation demonstrates significant strengths, including a fully independent board, which comprises 77% independent members. It has also achieved a remarkable program expense ratio of 96.69%, indicating that a large majority of its funds are directed towards its programs rather than administrative costs. Other positive attributes include a well-documented conflict of interest policy, whistleblower policy, and clear audit oversight, all contributing to a transparent operational framework.
There are no significant limitations reported in the data, suggesting that Flaget Memorial Hospital Foundation maintains a robust financial structure with no material diversion of assets. Overall, the foundation exemplifies responsible fiscal management and a strong commitment to its mission, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Flaget Memorial Hospital Foundation legitimate?
Flaget Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flaget Memorial Hospital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Flaget Memorial Hospital Foundation?
The mission of Flaget Memorial Hospital Foundation, as an affiliate of CommonSpirit Health, is to make the healing presence of God known in the world by improving the health of those they serve, particularly the vulnerable. They strive to advance social justice for all. As a charitable foundation, established in 2005, they raise and administer funds in support of Flaget Healthcare, Inc.'s core values and strategic plan. The foundation is governed by a board of directors and provides support for various outreach programs and services, including violence prevention, patient family assistance, and employee financial assistance. They also fund leading-edge medical research, support the education of health professionals, and improve access to health. During the reporting period, they raised over $2.9 million through major gifts, grants, and an employee campaign, with over $499,000 paid out as program support.
Official website here: www.see schedule o
Who is the CEO of Flaget Memorial Hospital Foundation?
Christy Spitser is the Market Vp- Cfo of Flaget Memorial Hospital Foundation.
Official website here: www.see schedule o
What is the revenue of Flaget Memorial Hospital Foundation?
Flaget Memorial Hospital Foundation's revenue in 2022 was $3,102,352.
Official website here: www.see schedule o
Who are the executives of Flaget Memorial Hospital Foundation and what are their salaries?
There 57 volunteers at Flaget Memorial Hospital Foundation.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $618,162
- Other: $44,506
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- Related: $420,296
- Other: $19,316
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- Related: $391,235
- Other: $45,525
- Compensation: $0
- Related: $351,194
- Other: $55,344
- Compensation: $0
- Related: $109,622
- Other: $28,675
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Official website here: www.see schedule o
Where can I find the form 990 for Flaget Memorial Hospital Foundation?
Flaget Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Flaget Memorial Hospital Foundation
Flaget Memorial Hospital Foundation, established as a tax-exempt charitable organization in 2005, is dedicated to improving the health of vulnerable individuals by upholding the core values and strategic plan of Flaget Healthcare, Inc. The foundation's mission, aligned with CommonSpirit Health, is to make the healing presence of God known in the world by enhancing the wellbeing of the people they serve. This nonprofit organization is governed by a board of directors, comprising community members and the president of Flaget Healthcare, Inc., who work together to raise and administer funds in support of their mission.
Flaget Memorial Hospital Foundation provides support for various outreach programs and services, including violence prevention, patient family assistance, employee financial assistance, and other initiatives that enhance patient care. These programs aim to fund leading-edge medical research, support the education of health professionals, and improve access to healthcare. The foundation's efforts during the reporting period resulted in raising over $2.9 million through major gifts, grants, and an employee campaign. Over $499,000 was also disbursed as program support during the year. In summary, Flaget Memorial Hospital Foundation is committed to improving health outcomes for vulnerable individuals by supporting a range of programs and services that address various health needs and contribute to the advancement of healthcare.
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Impact
July, 2024
Flaget Memorial Hospital Foundation, through its philanthropic efforts, has a significant impact on the community by providing support for various outreach programs and services aimed at enhancing patient care, funding medical research, supporting healthcare education, and improving access to health. In the reporting period, the Foundation raised over $2.9 million through major gifts, grants, and an employee campaign, with more than $499,000 being utilized as program support. This financial support plays a vital role in advancing the core values and strategic plan of Flaget Healthcare, Inc., ultimately contributing to the well-being of individuals in need and promoting social justice for all.
This information is meant to be a general summary of Flaget Memorial Hospital 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 2022.
- Investment Income: $138,792
- Gross Receipts: $3,117,217
Assets and Liabilities:
- Total Assets: $5,332,934
- Total Liabilities: $425,080
- Net Assets: $4,907,854
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Organization Details
Founding Year
2003
Phone
(502) 350-5000Principal Officer
Christy Spitser
Main Address
1451 HARRODSBURG ROAD D-308, LEXINGTON, KY, 40504
Website
www.see schedule oNTEE Category
Code: T30 - Philanthropy
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