Overview
What is Baptist Memorial Health Care Foundation Inc?
Baptist Memorial Health Care Foundation Inc, established in 1983, functions as the fundraising arm of Baptist Memorial Health Care System in Memphis, Tennessee. They raise funds to support various programs and services within the Baptist Memorial Health Care Corporation. The funds aid in accomplishing charitable care objectives and contribute to enhanced patient care, education, and groundbreaking clinical research. The foundation manages and solicits contributions, gifts, grants, and bequests. The raised funds are essential for fulfilling the mission of healing, preaching, and teaching for the affiliates of Baptist Memorial Health Care Corporation. They administer donor-restricted funds, some of which benefit patients and the community at large. In 2022, they granted funds for projects like a cancer biospecimen repository, ventilator acquisition, advanced practice provider residency program, pharmacy technician certification program, and a Center for Health Care-Focused Teaching and Learning.
Official website here: www.bmhgiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Baptist Memorial Health Care Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, with an overall score of 96%. This rating highlights the organization's strong commitment to accountability and financial management, with a perfect score in various categories such as independent board membership and financial oversight. The foundation demonstrates transparency and ethical governance practices, which are essential for maintaining donor trust.
The organization has a high program expense ratio of 87.11%, indicating that a significant portion of its resources is allocated directly to its programs and services, rather than administrative costs. This efficient use of funds reflects positively on its overall mission and effectiveness in delivering health-related initiatives to the community. The foundation's policies, including those for conflict of interest and whistleblowing, further reinforce its dedication to ethical standards.
While the data indicates strong performance in financial health and accountability, the summary does not provide insights into specific program outcomes or community impact. This lack of information could leave potential donors curious about the tangible effects of the foundation's work on the populations it serves. Nonetheless, the robust financial practices and governance measures set a solid foundation for future growth and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Memorial Health Care Foundation Inc legitimate?
Baptist Memorial Health Care Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Memorial Health Care 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: $258,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $838,832
For more financial information, click here
Official website here: www.bmhgiving.org
What is the mission statement of Baptist Memorial Health Care Foundation Inc?
The Baptist Memorial Health Care Foundation Inc serves as the fundraising arm for Baptist Memorial Health Care Corporation. Its primary mission involves soliciting and managing contributions, gifts, grants, and bequests to benefit various programs and services within Baptist Memorial Health Care Corporation. The funds raised help accomplish charitable care objectives and provide resources for enhanced patient care, education, and groundbreaking clinical research. The foundation plays a crucial role in securing financial support for the organization's initiatives.
Official website here: www.bmhgiving.org
Who is the CEO of Baptist Memorial Health Care Foundation Inc?
Jason M Little is the Director of Baptist Memorial Health Care Foundation Inc.
Official website here: www.bmhgiving.org
What is the revenue of Baptist Memorial Health Care Foundation Inc?
Baptist Memorial Health Care Foundation Inc's revenue in 2022 was $72,062,339.
Official website here: www.bmhgiving.org
Who are the executives of Baptist Memorial Health Care Foundation Inc and what are their salaries?
The average compensation at Baptist Memorial Health Care Foundation Inc during 2022 was $68,589. There are 16 employees and 41 volunteers at Baptist Memorial Health Care Foundation Inc.
Here are 26 key members and their salaries:
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- Related: $3,403,662
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- Other: $80,090
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- Related: $1,517,815
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- Compensation: $84,891
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- Other: $33,762
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- Other: $53,379
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- Related: $2,374,569
- Other: $71,742
Official website here: www.bmhgiving.org
Where can I find the form 990 for Baptist Memorial Health Care Foundation Inc?
Baptist Memorial Health Care Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmhgiving.org
Learn more at the official website: www.bmhgiving.org
Mission Statement of Baptist Memorial Health Care Foundation Inc
Baptist Memorial Health Care Foundation, Inc. is a non-profit organization dedicated to raising funds for various programs and services within the Baptist Memorial Health Care Corporation. The foundation serves as the philanthropic arm of the corporation, soliciting and managing contributions, gifts, grants, and bequests from individuals, foundations, partnerships, associations, governmental bodies, and private and public corporations. All income generated by the foundation is used solely for the benefit of Baptist Memorial Health Care Corporation or to carry out its charitable care objectives. Through the funds raised, Baptist Memorial Health Care Foundation, Inc. supports enhanced patient care, education, and groundbreaking clinical research within the corporation. By providing resources for these initiatives, the foundation plays a crucial role in advancing the mission of Baptist Memorial Health Care Corporation and improving the health and well-being of the communities it serves.
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Impact
October, 2024
Baptist Memorial Health Care Foundation Inc significantly enhances healthcare services within the Baptist Memorial Health Care System through strategic fundraising and resource allocation. Established in 1983, it operates as the primary fundraising entity for the organization, raising essential funds that directly support a variety of programs and services that improve patient care, education, and clinical research.
The foundation's impact is seen in its support of innovative projects and initiatives, such as the establishment of a cancer biospecimen repository aimed at revolutionizing lung cancer treatment through extensive research. It has also played a critical role in advancing patient care by funding the acquisition of state-of-the-art ventilators, ensuring that critically ill patients receive the best possible support.
Specific educational programs, such as the Advanced Practice Provider Residency and the Pharmacy Technician Certification Program, are developed with foundation grants, aiming to build a skilled workforce that enhances healthcare delivery across the system. Additionally, community outreach initiatives, including grief services and mobile health clinics, exemplify its commitment to serving underserved populations.
Through meticulously managed donor-restricted and unrestricted funds, the foundation not only supports the immediate healthcare needs of patients and employees but also nurtures long-term health improvements in the community. By continually seeking contributions and grants, the Baptist Memorial Health Care Foundation Inc ensures a sustainable impact on healthcare in Memphis and beyond, striving for excellence in healing, education, and community service.
This information is meant to be a general summary of Baptist Memorial Health Care 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: $61,483,486
- Gross Receipts: $210,640,945
Assets and Liabilities:
- Total Assets: $547,466,178
- Total Liabilities: $8,444,524
- Net Assets: $539,021,654
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Organization Details
Founding Year
1983
Phone
(901) 227-7142Principal Officer
Jason M Little
Main Address
350 N HUMPHREYS BLVD, MEMPHIS, TN, 38120
Website
www.bmhgiving.orgNTEE Category
Code: E110 - Health
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