Overview
What is Providence Foundation?
The Providence Foundation, established in 1985, is a charitable, philanthropic organization situated in St. Louis, Missouri. Its primary purpose is to raise funds and contributions for Ascension Providence Hospital in Mobile, Alabama, and its surrounding areas. This support enables the hospital to enhance and expand its services. The foundation achieves this goal through community donations and various fundraising events, such as designated annual events. The funds raised are utilized for various hospital needs, including capital projects like building renovations and medical equipment procurement, patient services, charity care, outreach programs, and support groups. As a part of the Ascension Catholic Health Ministry, the Providence Foundation aids in providing care during challenging times, like the COVID-19 pandemic. Rooted in the healing ministry of Jesus, the foundation aims to serve all people, with a particular focus on the poor and vulnerable, by offering spiritually-centered, comprehensive healthcare that improves individual and community health.
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Providence Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization has an impressive majority of independent board members, with 88% of its 22 board members being independent. The charity demonstrates strong oversight, as evidenced by its perfect score in financial statements, audit and oversight committee performance, and policies concerning conflict of interest, whistleblower protections, and document retention.
The foundation's program expense ratio is moderately good at 65.51%, indicating that a significant portion of its budget is directed towards its programs. However, it received a slightly lower score in this area, suggesting there may be room for improvement in maximizing program-related expenditures. Overall, the organization maintains a low liabilities-to-assets ratio at 0.27%, showing robust financial health and minimal risk associated with its financial obligations.
While the foundation exhibits strong governance and financial practices, continued focus on enhancing its program expense efficiency could further bolster its impact. Nevertheless, the current financial and accountability practices position Providence Foundation as a responsible and trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Foundation legitimate?
Providence Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
What is the mission statement of Providence Foundation?
The Providence Foundation, guided by the compassionate ministry of Jesus as a healer, is committed to serving all individuals, with special attention to the poor and vulnerable. Rooted in their Catholic health ministry, they provide spiritually-centered, holistic care that aims to sustain and improve the health of individuals and communities. Furthermore, they advocate for a compassionate and just society by taking action and expressing their beliefs through words. The foundation actively seeks and invests charitable support for Providence Hospital, with the ultimate goal of improving the health and well-being of people in the communities they serve.
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
Who is the CEO of Providence Foundation?
Unavailable
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
What is the revenue of Providence Foundation?
Providence Foundation's revenue in 2022 was $1,987,744.
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
Who are the executives of Providence Foundation and what are their salaries?
There 86 volunteers at Providence Foundation.
Here are 30 key members and their salaries:
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- Related: $711,538
- Other: $37,039
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- Related: $633,459
- Other: $41,721
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- Related: $625,637
- Other: $46,043
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
Where can I find the form 990 for Providence Foundation?
Providence Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.ascension.org/alabama/providence-hospital-foundation
Learn more at the official website: www.foundation.ascension.org/alabama/providence-hospital-foundation
Mission Statement of Providence Foundation
The Providence Foundation, rooted in the loving ministry of Jesus as a healer, is committed to serving all individuals with special consideration for those who are poor and vulnerable. This charitable organization is dedicated to upholding a Catholic health ministry that provides spiritually-centered, holistic care, aiming to sustain and enhance the health of both individuals and communities. Beyond just offering medical services, the Providence Foundation advocates for a compassionate and just society through its actions and words. By actively seeking and investing in charitable support for Providence Hospital, this foundation strives to improve the health and well-being of all the people in the communities they serve.
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Impact
July, 2024
Providence Foundation actively seeks and invests charitable support for Providence Hospital, aiming to improve the health and well-being of all the people in the communities they serve. Through community donations, fundraising events, and various support initiatives, the foundation plays a crucial role in aiding the hospital's mission. This support extends to areas such as capital needs, patient services, charity care, outreach programs, and support groups. The foundation's impact is tangible in helping Providence Hospital enhance its services, provide necessary medical equipment, and support vulnerable individuals in Mobile, Alabama, and the surrounding area.
This information is meant to be a general summary of Providence 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: $639,072
- Gross Receipts: $3,961,635
Assets and Liabilities:
- Total Assets: $9,623,966
- Total Liabilities: $65,989
- Net Assets: $9,557,977
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Organization Details
Founding Year
1985
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, ST LOUIS, MO, 631455998
NTEE Category
Code: E11 - Health
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