Overview
What is Commonwealth Health Foundation Inc?
Commonwealth Health Foundation Inc, based in Bowling Green, Kentucky, is a dedicated nonprofit organization that leverages community support to make a positive impact on lives. Its primary mission is to foster, support, and initiate activities aimed at advancing healthcare objectives for Med Center Health and its affiliates. By building relationships that inspire charitable giving, the foundation contributes to Med Center Health's mission of caring for people and improving the quality of life in the served communities. The foundation covers its operational expenses, ensuring that all donations are channeled directly towards community improvement projects, as evidenced by the various events they organize throughout the year to raise awareness and support.
Official website here: www.medcenterhealth.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Commonwealth Health Foundation Inc has achieved a Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's score is notable for being derived entirely from its Accountability & Finance metrics, which reflect a well-managed organization with a high program expense ratio of 98.94%, suggesting that the vast majority of its funds are directed towards its mission-driven activities.
The foundation boasts an exemplary governance structure, with 73% of its board members being independent. This independence, alongside a comprehensive set of policies including conflict of interest and whistleblower protections, contributes to a robust framework aimed at preventing any potential misuse of resources. Additionally, the foundation has a low liabilities to assets ratio of just 0.04%, further underscoring its financial stability.
While the ratings reflect strong performance in financial accountability and governance, there is no additional feedback provided regarding the organization's program effectiveness or community impact. This lack of qualitative data may limit a comprehensive understanding of the foundation's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Health Foundation Inc legitimate?
Commonwealth Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Health 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.medcenterhealth.org/foundation
What is the mission statement of Commonwealth Health Foundation Inc?
The Commonwealth Health Foundation Inc's mission is centered around supporting and fostering activities that advance healthcare objectives for Med Center Health and its affiliates. The foundation's primary goal is to build relationships that inspire charitable giving, contributing to Med Center Health's mission of providing care and improving quality of life in the served communities. The foundation relies on the support of compassionate individuals from the community. They host various events throughout the year to raise awareness and support, with 100% of donations directly benefiting the community, as operational expenses are covered by Med Center Health.
Official website here: www.medcenterhealth.org/foundation
Who is the CEO of Commonwealth Health Foundation Inc?
Connie D Smith is the President / Ceo of Commonwealth Health Foundation Inc. The CEO's salary of Commonwealth Health Foundation Inc is $0 and their total compensation is $1,354,657.
Official website here: www.medcenterhealth.org/foundation
What is the revenue of Commonwealth Health Foundation Inc?
Commonwealth Health Foundation Inc's revenue in 2022 was $4,451,545.
Official website here: www.medcenterhealth.org/foundation
Who are the executives of Commonwealth Health Foundation Inc and what are their salaries?
There 53 volunteers at Commonwealth Health Foundation Inc.
Here are 21 key members and their salaries (Commonwealth Health Foundation Inc's CEO's salary is $0 and their total compensation is $1,354,657):
- Compensation: $0
- Related: $1,333,801
- Other: $20,856
- Compensation: $0
- Related: $374,445
- Other: $43,440
- Compensation: $0
- Related: $371,796
- Other: $3,505
- Compensation: $0
- Related: $270,499
- Other: $5,145
- Compensation: $0
- Related: $50,000
- Other: $0
- Compensation: $0
- Related: $47,233
- 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: $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
Official website here: www.medcenterhealth.org/foundation
Where can I find the form 990 for Commonwealth Health Foundation Inc?
Commonwealth Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medcenterhealth.org/foundation
Learn more at the official website: www.medcenterhealth.org/foundation
Mission Statement of Commonwealth Health Foundation Inc
Commonwealth Health Foundation Inc, a charitable organization, is dedicated to fostering and supporting activities that advance the healthcare objectives of Med Center Health and its affiliates. The foundation's mission is to build relationships that inspire charitable giving, contributing to Med Center Health's mission of caring for people and improving the quality of life in the communities they serve. By doing so, Commonwealth Health Foundation Inc aims to make a difference in people's lives, relying on the support of compassionate individuals from the community. The foundation hosts various events throughout the year to raise awareness and garner support. Notably, since Med Center Health covers the foundation's operating expenses, every donation goes directly towards improving lives within the community.
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
July, 2024
Commonwealth Health Foundation Inc's impact lies in fostering, supporting, and initiating activities for the advancement of healthcare objectives of not-for-profit Med Center Health and its affiliates. The foundation works tirelessly to change lives every day, relying on dedicated and compassionate individuals from the community for support. By hosting various events throughout the year, Commonwealth Health Foundation raises awareness and gathers the necessary backing to improve lives in the community. With all operating expenses covered by CHC, 100% of all donations go directly towards enhancing the quality of life in the communities served. The foundation's mission is to build relationships that inspire charitable giving in support of Med Center Health's mission to care for people and enhance community well-being.
This information is meant to be a general summary of Commonwealth Health 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: $2,911,081
- Gross Receipts: $13,097,868
Assets and Liabilities:
- Total Assets: $18,360,282
- Total Liabilities: $37,877
- Net Assets: $18,322,405
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2000
Phone
(270) 745-1551Principal Officer
Connie D Smith
Main Address
800 PARK STREET, BOWLING GREEN, KY, 42101
NTEE Category
Code: E12 - Health
If you are a representative of Commonwealth Health Foundation Inc 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.