Overview
What is The Degen Foundation?
The Degen Foundation is a nonprofit organization based in Fort Smith, Arkansas (PO Box 10366). Its primary mission is to promote and enhance healthcare services in Western Arkansas and Eastern Oklahoma. The foundation aims to improve the quality and accessibility of healthcare, facilitate healthcare education, and support established religious and charitable organizations. Additionally, it acts as a supporting organization for the Arkansas Colleges of Health Education (ACHE), contributing to its educational mission. The Degen Foundation utilizes funds from the sale of Sparks Health System assets to accomplish its objectives, providing financial support to 501(c)3 organizations and healthcare-related student scholarships in the region.
Official website here: www.thedegenfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Degen Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 96%, the foundation demonstrates effective governance, highlighted by its fully independent board of 14 members and adherence to comprehensive financial oversight practices. Factors like an excellent liabilities to assets ratio and a high program expense ratio indicate that the majority of its funds are directed towards its programs.
The foundation also scores full points in various accountability measures, including its conflict of interest policy and whistleblower protections, showcasing a robust framework for ethical operations. The availability of board meeting minutes and a detailed audit and oversight committee further reinforce its commitment to transparency and responsible management.
While the ratings and feedback do not identify any significant limitations or areas for improvement, the high scores across multiple categories suggest that The Degen Foundation is a reliable and effective organization dedicated to fulfilling its mission. This strong performance positions it as a trustworthy option for potential donors seeking to contribute to impactful philanthropic efforts.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Degen Foundation?
Though The Degen Foundation currently has only two reviews on Facebook, the sentiment expressed is overwhelmingly positive. One reviewer specifically highlights the impactful work that the foundation does for the community, appreciating the efforts of its dedicated board members.
This sense of gratitude and support indicates that the nonprofit is recognized for its contributions and is making a meaningful difference in the lives of those it serves. Overall, it appears that The Degen Foundation is appreciated for its mission and commitment to community well-being.
This AI summary has been generated from reviews found on Facebook.
Is The Degen Foundation legitimate?
The Degen Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Degen 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:
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Official website here: www.thedegenfoundation.org
What is the mission statement of The Degen Foundation?
The Degen Foundation's mission is centered around promoting and enhancing healthcare services. Specifically, its goal is to improve the quality and accessibility of healthcare services in western Arkansas and eastern Oklahoma. The foundation also supports established religious and charitable organizations and aids in facilitating healthcare education. Furthermore, it serves as a supporting organization for the educational mission of Arkansas Colleges of Healthcare Education. In essence, The Degen Foundation is committed to advancing healthcare services, education, and support in its operational region.
Official website here: www.thedegenfoundation.org
Who is the CEO of The Degen Foundation?
Thomas H Webb Jr is the Chair of The Degen Foundation.
Official website here: www.thedegenfoundation.org
What is the revenue of The Degen Foundation?
The Degen Foundation's revenue in 2022 was $4,463,025.
Official website here: www.thedegenfoundation.org
Who are the executives of The Degen Foundation and what are their salaries?
There 15 volunteers at The Degen Foundation.
Here are 16 key members and their salaries:
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- Compensation: $10,000
- Related: $193,910
- Other: $15,964
Official website here: www.thedegenfoundation.org
Where can I find the form 990 for The Degen Foundation?
The Degen Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thedegenfoundation.org
Learn more at the official website: www.thedegenfoundation.org
Mission Statement of The Degen Foundation
The Degen Foundation, a renowned nonprofit organization, is committed to promoting and fostering access to healthcare services in Western Arkansas and Eastern Oklahoma. Its primary objective is to enhance the quality and availability of these services in the aforementioned regions. The foundation also actively supports healthcare education and aids established religious and charitable organizations. Furthermore, The Degen Foundation serves as a supporting organization, contributing to the educational mission of the Arkansas Colleges of Healthcare Education. By embracing these goals, The Degen Foundation strives to make a significant impact on the healthcare landscape in its designated areas.
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Impact
July, 2024
The Degen Foundation's impact lies in promoting and developing access to and delivery of healthcare services in Western Arkansas and Eastern Oklahoma. This includes improving the quality and availability of healthcare services, facilitating and promoting healthcare education, aiding and supporting established religious and charitable organizations, and supporting the educational mission of the Arkansas Colleges of Healthcare Education. Through its activities, the foundation works to enhance healthcare outcomes in the region, support local charitable organizations, and provide healthcare-related student scholarships.
This information is meant to be a general summary of The Degen 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: $4,462,995
- Gross Receipts: $11,098,310
Assets and Liabilities:
- Total Assets: $13,382,572
- Total Liabilities: $101,233
- Net Assets: $13,281,339
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Organization Details
Founding Year
1983
Phone
(479) 308-2243Principal Officer
Thomas H Webb Jr
Main Address
PO BOX 10366, FORT SMITH, AR, 72917
Website
www.thedegenfoundation.orgNTEE Category
Code: E22I - Health
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