Overview
What is St Vincent's Foundation Of Alabama Inc?
St. Vincent's Foundation of Alabama Inc, established in 1984, is a charitable organization dedicated to bolstering Ascension St. Vincent's Health Ministry. Its mission is to provide spiritually-centered, holistic care for communities by raising funds for programs, education, equipment, and technology. The foundation serves communities beyond central Alabama and supports Ascension St. Vincent's hospitals like Birmingham, Blount, Chilton, East, One Nineteen, St. Clair, and Trussville. To achieve this, St. Vincent's Foundation of Alabama Inc actively seeks and invests charitable support for St. Vincent's Health System, aiming to improve the health and well-being of the people they serve. As part of Ascension Catholic Health Ministry, they uphold a commitment to caring for patients, communities, and caregivers during the challenges of the COVID-19 pandemic.
Official website here: www.stvfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
St Vincent's Foundation Of Alabama Inc has received an 88% score from Charity Navigator, resulting in a Three-Star rating. This score primarily reflects the organization's strong performance in accountability and finance, which contributes significantly to its overall evaluation. The foundation benefits from an independent board comprising 95% independent members, ensuring governance integrity and oversight.
The organization has demonstrated robust financial practices, evidenced by a perfect score in areas such as financial statements oversight and no material diversion of assets. Furthermore, the foundation adheres to key policies, including conflict of interest and whistleblower protections, which underscores its commitment to transparency and accountability.
However, there are some areas for improvement, notably the program expense ratio, which stands at 63.85%. While this indicates that a significant portion of the funds is directed towards programs, there is still room for enhancement in optimizing program spending relative to total expenses. Overall, the foundation exhibits solid governance and financial practices but could further strengthen its effectiveness in program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent's Foundation Of Alabama Inc legitimate?
St Vincent's Foundation Of Alabama Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent's Foundation Of Alabama 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:
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For more financial information, click here
Official website here: www.stvfoundation.org/
What is the mission statement of St Vincent's Foundation Of Alabama Inc?
St. Vincent's Foundation of Alabama Inc's mission is rooted in the loving ministry of Jesus as a healer. They are committed to serving all individuals, with a special focus on the poor and vulnerable. Their Catholic health ministry is dedicated to providing spiritually-centered, holistic care that aims to sustain and improve the health of individuals and communities. The foundation actively seeks and invests charitable support for St. Vincent's Health System, with the ultimate goal of improving the health and well-being of all the people in the communities they serve. They also advocate for a compassionate and just society through their actions and words.
Official website here: www.stvfoundation.org/
Who is the CEO of St Vincent's Foundation Of Alabama Inc?
Unavailable
Official website here: www.stvfoundation.org/
What is the revenue of St Vincent's Foundation Of Alabama Inc?
St Vincent's Foundation Of Alabama Inc's revenue in 2022 was $6,581,818.
Official website here: www.stvfoundation.org/
Who are the executives of St Vincent's Foundation Of Alabama Inc and what are their salaries?
There 31 volunteers at St Vincent's Foundation Of Alabama Inc.
Here are 34 key members and their salaries:
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- Related: $484,088
- Other: $38,106
Official website here: www.stvfoundation.org/
Where can I find the form 990 for St Vincent's Foundation Of Alabama Inc?
St Vincent's Foundation Of Alabama Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stvfoundation.org/
Learn more at the official website: www.stvfoundation.org/
Mission Statement of St Vincent's Foundation Of Alabama Inc
St. Vincent's Foundation of Alabama Inc is rooted in the healing ministry of Jesus and is committed to serving all individuals, with a special focus on the poor and vulnerable. Following the Catholic health ministry's principles, this organization provides spiritually-centered, holistic care that aims to sustain and improve the health of individuals and communities. St. Vincent's Foundation of Alabama Inc is not just a healthcare provider, but also an advocate for a compassionate and just society, expressing this commitment through its actions and words. The foundation actively seeks and invests charitable support for St. Vincent's Health System, with the ultimate goal of enhancing the health and well-being of the people in the communities they serve.
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Impact
July, 2024
St. Vincent's Foundation of Alabama Inc actively seeks and invests charitable support for St. Vincent's Health System to improve the health and well-being of all the people in the communities they serve. The foundation, formed in 1984, administers charitable contributions for Ascension St. Vincent's, supporting a spiritually-centered, holistic approach to care for communities in Central Alabama and beyond. They raise funds for programs, education, equipment, technology, and new facilities for health systems under Ascension, including various St. Vincent's locations.
Through their collaborative efforts with donors, the foundation plays a vital role in driving capital campaigns and supporting Ascension's commitment to caring for patients and communities. Specifically, amidst the challenges posed by the global COVID-19 pandemic in FY 2022, the foundation served in support of caregivers and associates, further emphasizing their dedication to advocating for a compassionate and just society through their actions and words.
This information is meant to be a general summary of St Vincent's Foundation Of Alabama 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: $2,508,330
- Program Service Revenue: $301,530
- Gross Receipts: $12,898,440
Assets and Liabilities:
- Total Assets: $29,015,625
- Total Liabilities: $497,244
- Net Assets: $28,518,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM AFFILIATES
Revenue
$301,530
Organization Details
Founding Year
1984
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, ST LOUIS, MO, 631455998
Website
www.stvfoundation.org/NTEE Category
Code: E11 - Health
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