Overview
What is Ballad Health Foundation?
The Ballad Health Foundation acts as a philanthropic bridge between community-minded businesses and individuals, and Ballad Health, to improve the overall health and well-being of their region. During the past fiscal year, over 3,800 donors contributed over $5.1 million to the foundation, enabling the allocation of resources for equipment, programs, and services. Significant funding went towards Women and Children's facilities, including the creation of a new and modern Neonatal Intensive Care Unit in Tennessee or Virginia, with $3.5 million earmarked for planning and preliminary construction expenses. The foundation also provided essential equipment, such as infant radiant warmers, and supported various healthcare services like oncology, parish nursing, hospice, and home health programs, totaling $1.01 million. Additionally, the foundation offered direct assistance through patient assistance and team member emergency funds.
Official website here: www.balladhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating
Ballad Health Foundation has received a Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. The organization achieved a remarkable score of 97%, reflecting strong governance practices, including an independent board with a 71% majority and comprehensive financial oversight. No material diversion of assets was reported, showcasing its commitment to transparency and responsible management of funds.
The foundation excels in its financial ratios, with a program expense ratio of 85.33%, which demonstrates a significant portion of its resources being directed toward its mission-driven programs. Additionally, the low fundraising efficiency ratio of $0.02 indicates effective fundraising strategies with minimal costs, allowing more funds to support its initiatives. The working capital ratio of 4.79 years further emphasizes the organization's financial stability and sustainability.
While the data highlights many strengths, there are no noted limitations or concerns in the provided feedback. Overall, Ballad Health Foundation is recognized for its robust financial health and governance, making it a trustworthy choice for donors and stakeholders looking to support impactful community health initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ballad Health Foundation legitimate?
Ballad Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ballad Health 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: $305,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.balladhealth.org
What is the mission statement of Ballad Health Foundation?
The Ballad Health Foundation focuses on building relationships to fulfill the mission and vision of Ballad Health through philanthropy. By working together around shared objectives, the foundation strives to transform the overall health and well-being of the community. During the twelve-month period ending June 30, 2022, over 3,800 community-minded businesses and individuals made charitable contributions, enabling the foundation to provide nearly $5.2 million for equipment, programs, and services. A significant portion of these funds, totaling over $4 million, went towards facilities and programs for women and children. This included $3.5 million for the planning and preliminary construction expenses of a new, modern NICU in either Tennessee or Virginia. Additionally, the foundation supplied funding for essential equipment, such as infant radiant warmers, wound care treatment chairs, and fetal monitors, among others. The foundation also supported oncology services, with a special emphasis on cancer screening and detection for women, and provided financing for parish nursing, hospice, and home health programs. Lastly, the foundation offered direct assistance through Ballad Health's patient assistance and team member emergency funds.
Official website here: www.balladhealth.org
Who is the CEO of Ballad Health Foundation?
Todd Norris is the Trustee of Ballad Health Foundation.
Official website here: www.balladhealth.org
What is the revenue of Ballad Health Foundation?
Ballad Health Foundation's revenue in 2022 was $13,795,215.
Official website here: www.balladhealth.org
Who are the executives of Ballad Health Foundation and what are their salaries?
The average compensation at Ballad Health Foundation during 2022 was $33,992. There are 9 employees and 146 volunteers at Ballad Health Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $956,968
- Other: $104,263
- Compensation: $269,195
- Related: $0
- Other: $36,734
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- Other: $0
- Compensation: $0
- Related: $664,042
- Other: $85,520
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $475,459
- Other: $73,164
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.balladhealth.org
Where can I find the form 990 for Ballad Health Foundation?
Ballad Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.balladhealth.org
Learn more at the official website: www.balladhealth.org
Mission Statement of Ballad Health Foundation
Ballad Health Foundation, driven by a shared vision and mission, forges connections with various entities to enhance the health and well-being of their community through philanthropy. By joining forces around a collective set of objectives, they strive to create lasting transformations.
During the financial year concluded on June 30, 2022, more than 3,800 benevolent businesses and individuals contributed to the foundation. These donations empowered the foundation to distribute $5,153,289 towards equipment, programs, and services throughout the region. A significant portion, $4,091,636, was earmarked for facilities and programs catering to women and children. Of these funds, $3,537,500 were allocated for initial planning and construction costs to establish a state-of-the-art Neonatal Intensive Care Unit (NICU) in either Tennessee or Virginia. Additionally, the foundation granted $934,585 for essential equipment, such as infant radiant warmers, wound care treatment chairs, EKGs, accuveins, fetal monitors, patient recliners, blood cell processors, vascular scanners, and a comprehensive women's health mobile unit. Furthermore, $135,607 was earmarked for oncology services, with a focus on cancer screening and detection for women, as well as $38,562 for Parish Nursing, and $25,198 for hospice and home health programs. Lastly, the foundation granted $384,690 in direct assistance through Ballad Health's Patient Assistance and Team Member Emergency Funds.
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Impact
October, 2024
Ballad Health Foundation significantly enhances community health and well-being through strategic philanthropy. In the year ending June 30, 2022, the Foundation mobilized contributions from over 3,800 individuals and businesses, raising $5,153,289 to support vital equipment, programs, and services across the region.
A substantial portion of these funds—$4,091,636—was directed toward facilities and programs that specifically benefit women and children. This included $3,537,500 earmarked for planning and early construction of a state-of-the-art neonatal intensive care unit (NICU), the most modern facility of its kind in Tennessee or Virginia.
The Foundation's impact extends to critical medical equipment, providing $934,585 for items such as infant radiant warmers, fetal monitors, and mobile health units, ensuring advanced care and accessibility for patients. Furthermore, focused efforts in oncology services received $135,607 to enhance cancer screening and detection, particularly for women, alongside funding for parish nursing and hospice programs.
In addition to resource allocation for medical needs, the Foundation allocated $384,690 in direct assistance through patient and employee support funds, reinforcing a commitment to the health and welfare of the community. Through these collaborative efforts, Ballad Health Foundation is fundamentally transforming the healthcare landscape, fostering improved health outcomes for all.
This information is meant to be a general summary of Ballad Health 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: $2,034,599
- Gross Receipts: $14,022,689
Assets and Liabilities:
- Total Assets: $62,092,613
- Total Liabilities: $8,673,935
- Net Assets: $53,418,678
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Organization Details
Founding Year
1984
Phone
(423) 302-3131Principal Officer
Todd Norris
Main Address
1019 W OAKLAND AVE SUITE 2, JOHNSON CITY, TN, 376042357
Website
www.balladhealth.orgNTEE Category
Code: E120 - Health
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