Overview
What is Presbyterian Hospital Foundation?
The Novant Health Presbyterian Medical Center Foundation is a non-profit organization based in Charlotte, North Carolina. Its primary role is to receive donations and manage investments to benefit Presbyterian Hospital, now known as Novant Health Presbyterian. Through their charitable activities, the foundation supports the hospital in delivering quality healthcare services.
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 Presbyterian Hospital Foundation has achieved a perfect score of 100% from Charity Navigator, reflecting its outstanding accountability and financial health. The organization is particularly noted for its commitment to independent governance, with 75% of its board members being independent. This strong leadership structure contributes to high scores across various accountability metrics, including the absence of any material diversion of assets and comprehensive financial oversight.
Financially, the foundation demonstrates impressive performance with a program expense ratio of 93.73%, indicating that a significant portion of its funds is directly allocated to its charitable programs. Additionally, its fundraising efficiency ratio shows that it only spends 3 cents to raise each dollar, showcasing effective resource management. The organization also benefits from a healthy working capital ratio, with sufficient reserves to sustain its operations for over five years.
While the foundation excels in several financial metrics, the summary does not highlight any specific challenges or limitations within the organization. Overall, the Presbyterian Hospital Foundation exemplifies best practices in nonprofit governance and fiscal responsibility, making it a trustworthy recipient for donations and support.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Hospital Foundation legitimate?
Presbyterian Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian 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: $219,971
Professional Fundraising Fees: $0
Other Salaries and Wages: $516,889
For more financial information, click here
Official website here: www.supportnovanthealth.org
What is the mission statement of Presbyterian Hospital Foundation?
The Novant Health Presbyterian Medical Center Foundation serves as a non-profit entity, dedicated to raising funds and making investments to bolster the support for Presbyterian Hospital. Originally established to aid the Presbyterian Hospital, now known as Novant Health Presbyterian, this organization focuses on accepting donations and managing investments to enhance the medical center's capabilities. By doing so, it plays a significant role in ensuring the hospital continues to provide quality care to its patients.
Official website here: www.supportnovanthealth.org
What is the revenue of Presbyterian Hospital Foundation?
Presbyterian Hospital Foundation's revenue in 2023 was $12,911,600.
Official website here: www.supportnovanthealth.org
Who are the executives of Presbyterian Hospital Foundation and what are their salaries?
The average compensation at Presbyterian Hospital Foundation during 2023 was $105,266. There are 7 employees and 88 volunteers at Presbyterian Hospital Foundation.
Here are 36 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,075,644
- Other: $56,818
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,091,207
- Other: $158,633
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $513,065
- Other: $37,668
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $725,233
- Other: $111,754
- Compensation: $0
- Related: $2,400,670
- Other: $50,705
- Compensation: $0
- Related: $909,106
- Other: $128,749
- Compensation: $188,861
- Related: $0
- Other: $31,110
- Compensation: $101,597
- Related: $0
- Other: $28,027
- Compensation: $112,810
- Related: $0
- Other: $18,166
- Compensation: $85,528
- Related: $25,608
- Other: $6,954
- Compensation: $0
- Related: $130,818
- Other: $9,903
- Compensation: $0
- Related: $1,085,117
- Other: $155,975
Official website here: www.supportnovanthealth.org
Where can I find the form 990 for Presbyterian Hospital Foundation?
Presbyterian Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.supportnovanthealth.org
Learn more at the official website: www.supportnovanthealth.org
Mission Statement of Presbyterian Hospital Foundation
The Presbyterian Hospital Foundation is a non-profit organization dedicated to raising funds and investing in the support of Novant Health Presbyterian Medical Center. Established with the goal of accepting charitable contributions, the Foundation plays a vital role in enhancing the capabilities and services of Presbyterian Hospital.
In essence, the Presbyterian Hospital Foundation serves as a philanthropic partner to Novant Health Presbyterian Medical Center. By accepting and managing donations, the Foundation provides essential resources that help the hospital advance its mission to deliver exceptional healthcare to its patients. The investment of these funds supports various initiatives, contributing to the hospital's ongoing growth and improvement.
The Foundation's mission is grounded in the belief that every gift, no matter the size, can make a significant difference in the lives of patients and their families. Through the Foundation, donors have the opportunity to make a lasting impact on healthcare services and make a difference in their community.
With a commitment to improving healthcare outcomes, the Novant Health Presbyterian Medical Center Foundation continues to build a brighter future for the Presbyterian Hospital and the individuals it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Presbyterian Hospital Foundation plays a crucial role in enhancing healthcare services and community wellness through financial support and investment in initiatives for Novant Health Presbyterian Medical Center. By accepting gifts and allocating funds strategically, the Foundation contributes to the quality of care, expanding facilities, advancing medical technologies, and fostering community health programs. Its efforts ensure that the hospital can effectively meet the evolving needs of patients and the community it serves in Winston-Salem, NC, ultimately leading to improved health outcomes and a stronger healthcare system.
This information is meant to be a general summary of Presbyterian 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 2023.
- Investment Income: $953,409
- Gross Receipts: $49,860,727
Assets and Liabilities:
- Total Assets: $90,424,635
- Total Liabilities: $1,103,047
- Net Assets: $89,321,588
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Principal Officer
Carl Armato
Website
www.supportnovanthealth.orgNTEE Category
Code: E22I - Health
If you are a representative of Presbyterian Hospital Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.