Overview
What is Beaufort Memorial Hospital Foundation?
Beaufort Memorial Hospital Foundation is a nonprofit organization situated in Beaufort, South Carolina. Its primary objective is to raise and manage financial resources to enhance the capacity of Beaufort Memorial Hospital to cater to the health needs of the residents of Beaufort County and its surrounding areas. The foundation's activities involve providing unrestricted revenue to the hospital, thereby supporting its financial stability. Furthermore, the foundation aims to promote health and wellness within the community by investing in various initiatives. A significant contribution of $934,139 from the Foundation's Endowment Fund to the hospital was announced, highlighting its ongoing commitment to this mission.
Official website here: www.bmhsc.org
What are the reviews and ratings of this charity?
89% rating from Charity Navigator indicates that Beaufort Memorial Hospital Foundation is performing well in several key areas of accountability and finance, earning a Three-Star out of Four Star rating. The foundation boasts a strong score in Accountability & Finance at 93%, evidencing solid management and financial practices. The majority of the board members are independent, and there are no reported material diversions of assets, which enhances the organization's credibility.
The organization excels in its Program Expense Ratio, with 94.39% of its budget directed toward programs, reflecting a strong commitment to its mission. Additionally, it has a perfect score in Culture & Community, with positive feedback from constituents and effective feedback mechanisms in place. This indicates that the organization actively engages and listens to its community.
However, there are notable limitations, particularly in governance policies, as the foundation is missing key documents like the Whistleblower Policy and Document Retention and Destruction policies. While overall performance is commendable, addressing these governance gaps could further enhance the foundation's accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Beaufort Memorial Hospital Foundation legitimate?
Beaufort Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaufort 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.
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Official website here: www.bmhsc.org
What is the mission statement of Beaufort Memorial Hospital Foundation?
The Beaufort Memorial Hospital Foundation's mission is to contribute financially to enhancing Beaufort Memorial Hospital's capacity to cater to the health requirements of individuals in Beaufort County and its surrounding areas. Additionally, the foundation aims to promote health and wellness within the community at large. By providing financial resources, the foundation aims to bolster the hospital's financial stability, enabling it to continue serving all who require its services. A notable example of this is the $934,139 payment from the Foundation's Endowment Fund to Beaufort Memorial Hospital, which boosted the hospital's unrestricted income.
Official website here: www.bmhsc.org
Who is the CEO of Beaufort Memorial Hospital Foundation?
Kimberly Yawn is the Assoc. Vp & Cdo of Beaufort Memorial Hospital Foundation.
Official website here: www.bmhsc.org
What is the revenue of Beaufort Memorial Hospital Foundation?
Beaufort Memorial Hospital Foundation's revenue in 2022 was $4,672,100.
Official website here: www.bmhsc.org
Who are the executives of Beaufort Memorial Hospital Foundation and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.bmhsc.org
Where can I find the form 990 for Beaufort Memorial Hospital Foundation?
Beaufort Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmhsc.org
Learn more at the official website: www.bmhsc.org
Mission Statement of Beaufort Memorial Hospital Foundation
The Beaufort Memorial Hospital Foundation's mission is centered around providing financial aid to enhance the capability of Beaufort Memorial Hospital. This nonprofit organization aims to meet the present and future health requirements of people residing in Beaufort County and its surrounding areas. Furthermore, the Foundation is committed to promoting health and wellness within the community at large. By providing financial resources, this organization enables the hospital to maintain its financial stability and continue serving all individuals who require its services.
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Impact
July, 2024
Beaufort Memorial Hospital Foundation's impact is evident through its support in providing financial resources to enhance Beaufort Memorial Hospital's ability to meet the healthcare needs of the community. This assistance plays a crucial role in ensuring the hospital's ongoing financial stability while serving a wide range of individuals requiring medical services in Beaufort County and surrounding areas. With a recent payout of $934,139 from the Foundation's Endowment Fund, Beaufort Memorial Hospital has received valuable unrestricted revenue to help sustain its operations and continue delivering essential healthcare services to those in need.
This information is meant to be a general summary of Beaufort 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: $3,135,924
- Gross Receipts: $15,787,914
Assets and Liabilities:
- Total Assets: $19,002,483
- Total Liabilities: $284,184
- Net Assets: $18,718,299
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Organization Details
Founding Year
1984
Phone
(843) 522-5774Principal Officer
Kimberly Yawn
Main Address
PO BOX 2233, BEAUFORT, SC, 29901
Website
www.bmhsc.orgNTEE Category
Code: E22I - Health
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