Overview
What is South Georgia Medical Center Foundation Inc?
South Georgia Medical Center Foundation Inc is a nonprofit organization situated in Valdosta, Georgia. Its primary objective is to support public healthcare by offering financial assistance to the Hospital Authority of Valdosta and Lowndes County, Georgia, doing business as South Georgia Medical Center (Authority), as well as other healthcare organizations that meet the criteria under IRC sections 501(C)(3) and 509(A)(1), (2), or (3). Through grants, the foundation helps fund the operations and capital improvements of the mentioned organizations, contributing to the betterment of healthcare services in the community.
Official website here: www.sgmcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The South Georgia Medical Center Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, with an overall score of 92%. This rating reflects a strong emphasis on Accountability & Finance, which is fully considered in the evaluation. Key strengths include a fully independent board, excellent financial oversight, and a strong commitment to transparency as demonstrated by their policies on conflict of interest and whistleblower protections.
The foundation's financial health is commendable, with a low liabilities to assets ratio of 7.78% and a high program expense ratio of 89.10%. This indicates that the organization effectively utilizes the majority of its funds for its programs, ensuring that resources are directed toward its mission. The foundation also maintains thorough documentation of board meetings and provides access to financial statements.
While the foundation received high marks across various metrics, it is important for potential donors to consider that the evaluation focuses solely on Accountability & Finance. Additional information on program outcomes and community impact could further enhance the understanding of the foundation's effectiveness and contributions to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is South Georgia Medical Center Foundation Inc legitimate?
South Georgia Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Georgia 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sgmcfoundation.org
What is the mission statement of South Georgia Medical Center Foundation Inc?
The South Georgia Medical Center Foundation Inc's mission is to support public healthcare by providing assistance to or for the benefit of the Hospital Authority of Valdosta and Lowndes County Georgia, doing business as South Georgia Medical Center (Authority), and other health care organizations exempt under IRC sections 501(C)(3) and 509(A)(1),(2), or (3). They accomplish this by granting funds to these organizations for their operations and capital improvements. Additionally, they may also offer grants to support other non-profit organizations in the community that align with the healthcare mission of the Authority and the Alliance.
Official website here: www.sgmcfoundation.org
Who is the CEO of South Georgia Medical Center Foundation Inc?
Hilary Gibbs is the Ceo of South Georgia Medical Center Foundation Inc. The CEO's salary of South Georgia Medical Center Foundation Inc is $0 and their total compensation is $806,599.
Official website here: www.sgmcfoundation.org
What is the revenue of South Georgia Medical Center Foundation Inc?
South Georgia Medical Center Foundation Inc's revenue in 2022 was $1,869,858.
Official website here: www.sgmcfoundation.org
Who are the executives of South Georgia Medical Center Foundation Inc and what are their salaries?
Here are 16 key members and their salaries (South Georgia Medical Center Foundation Inc's CEO's salary is $0 and their total compensation is $806,599):
- Compensation: $0
- Related: $783,181
- Other: $23,418
- Compensation: $0
- Related: $427,015
- Other: $25,980
- Compensation: $0
- Related: $200,216
- Other: $32,161
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.sgmcfoundation.org
Where can I find the form 990 for South Georgia Medical Center Foundation Inc?
South Georgia Medical Center Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sgmcfoundation.org
Learn more at the official website: www.sgmcfoundation.org
Mission Statement of South Georgia Medical Center Foundation Inc
South Georgia Medical Center Foundation Inc, a 501(c)(3) organization, is committed to supporting public healthcare. Its mission is to provide assistance to the Hospital Authority of Valdosta and Lowndes County Georgia, operating under the name South Georgia Medical Center (Authority), and other exempt healthcare organizations, as per IRC sections 501(c)(3) and 509(a)(1), (2), or (3). The primary objective of South Georgia Medical Center Foundation Inc is to bolster the operations and capital improvements of these healthcare entities, ensuring they can deliver optimal healthcare services to their communities. In addition, the foundation may extend grants to other nonprofit organizations in the area that align with the healthcare mission of the Authority and South Georgia Health Alliance, further strengthening the healthcare sector in the community.
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Impact
July, 2024
South Georgia Medical Center Foundation Inc's impact is evident through its support of public healthcare initiatives benefitting the Hospital Authority of Valdosta and Lowndes County, Georgia. By providing grants for operations and capital improvements to the Authority and South Georgia Health Alliance, this organization plays a vital role in enhancing healthcare services in the community. Additionally, grants may also be extended to other healthcare organizations that align with the mission of the Authority and the Alliance, further expanding the reach and impact of South Georgia Medical Center Foundation Inc in promoting the well-being of the community.
This information is meant to be a general summary of South Georgia 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: $155,797
- Gross Receipts: $1,900,903
Assets and Liabilities:
- Total Assets: $5,489,526
- Total Liabilities: $2,002
- Net Assets: $5,487,524
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Organization Details
Founding Year
1978
Phone
(229) 433-1077Principal Officer
Hilary Gibbs
Main Address
PO BOX 1727, VALDOSTA, GA, 316031727
Website
www.sgmcfoundation.orgNTEE Category
Code: T30 - Philanthropy
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