Overview
What is The Rapides Foundation?
The Rapides Foundation, located in Alexandria, Louisiana, is a charitable organization and a member of Rapides Healthcare System, which operates Rapides Regional Medical Center, a 380-bed acute-care hospital. The foundation aims to improve healthcare access for the underserved population in Central Louisiana and uphold the highest standard of patient care as required by its 501(C)(3) and 501(R) status. In 2022, the hospital admitted 13,718 patients, treated 61,280 in the emergency room, and facilitated 9,837 surgeries. The foundation also provided $3.9 million in financial support to the Louisiana State University Family Practice Residency Program and supported residents from Tulane University and LSU in various medical fields. In response to the Louisiana Governor's plans to privatize charity hospitals, The Rapides Foundation, along with the other major community hospitals, reached an agreement to close the local charity hospital and move services to the two existing hospitals. This cooperative effort included establishing new urgent, primary, and specialty care clinics for indigent patients. In 2022, the foundation operated three HP Long Clinic locations, providing care to Medicaid, Medicare, and uninsured patients, and offered prescription assistance programs. The hospital is recognized for its excellent patient care, having received several accreditations and certifications, including the American Heart Association/American Stroke Association's Get with the Guidelines-Stroke Gold Plus Quality Achievement Award and verification as a Level II Trauma Center by the American College of Surgeons.
Official website here: www.rapidesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Rapides Foundation has achieved a perfect score of 100% on Charity Navigator, reflecting exceptional accountability and financial health. This rating is derived entirely from its strong performance in financial integrity and management practices, with no material diversions of assets and robust policies in place to ensure ethical governance. An impressive 93% of its board members are independent, which enhances the foundation's transparency and accountability.
The foundation excels in program expenses, dedicating 92.09% of its resources directly to its mission, and maintains a highly efficient fundraising model, costing only $0.002 to raise a dollar. Its liabilities to assets ratio is low at 5.04%, indicating a strong financial position that supports sustainability and growth. Furthermore, the foundation's working capital is healthy, with a ratio of 20.82 years, demonstrating its ability to meet long-term obligations.
While the data reflects strong operational practices and governance, potential donors and stakeholders should consider how these financial metrics translate into community impact and program effectiveness. Overall, The Rapides Foundation stands out for its commitment to ethical practices and financial transparency, making it a trustworthy choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is The Rapides Foundation legitimate?
The Rapides Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rapides 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: $870,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $896,862
For more financial information, click here
Official website here: www.rapidesfoundation.org
What is the mission statement of The Rapides Foundation?
The Rapides Foundation strives to enhance the overall health status of the community by addressing three key areas: healthy people, education, and healthy communities. By improving access to healthcare and promoting healthy behaviors, the foundation aims to make a significant impact on the health of individuals. Additionally, the organization invests in education to increase educational attainment and achievement, believing it is a crucial path to improved economic, social, and health status. The foundation also focuses on improving economic opportunities, family income, and civic and community opportunities to foster effective leaders and organizations within the community.
Official website here: www.rapidesfoundation.org
Who is the CEO of The Rapides Foundation?
Joseph R Rosier Jr is the Member of The Rapides Foundation. The CEO's salary of The Rapides Foundation is $479,856 and their total compensation is $546,225.
Official website here: www.rapidesfoundation.org
What is the revenue of The Rapides Foundation?
The Rapides Foundation's revenue in 2022 was $30,315,240.
Official website here: www.rapidesfoundation.org
Who are the executives of The Rapides Foundation and what are their salaries?
The average compensation at The Rapides Foundation during 2022 was $43,098. There are 41 employees and 15 volunteers at The Rapides Foundation.
Here are 20 key members and their salaries (The Rapides Foundation's CEO's salary is $479,856 and their total compensation is $546,225):
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- Compensation: $479,856
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- Other: $23,337
Official website here: www.rapidesfoundation.org
Where can I find the form 990 for The Rapides Foundation?
The Rapides Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rapidesfoundation.org
Learn more at the official website: www.rapidesfoundation.org
Mission Statement of The Rapides Foundation
The Rapides Foundation, a philanthropic organization dedicated to enhancing the health status of Central Louisiana, plays a vital role in improving access to healthcare and promoting healthy behaviors within the community. As a member of Rapides Healthcare System LLC, The Foundation is committed to upholding the highest standard of patient care and addressing the needs of the underserved population. During the past year, Rapides Regional Medical Center, under The Foundation's ownership, admitted 13,718 patients, cared for 61,280 in the emergency room, and facilitated 9,837 surgeries.
The Rapides Foundation's efforts extend beyond the hospital setting, as it also funds projects that align with its primary philanthropic objectives: healthy people, education, and healthy communities. By providing financial support to various initiatives, The Foundation strives to improve overall health, increase educational attainment, and enhance economic opportunities in Central Louisiana. For instance, it has invested in the Louisiana State University Family Practice Residency Program, which has graduated 141 primary care physicians since 1997, addressing the shortage of primary care physicians in the region. The Foundation's commitment to education and healthcare is coupled with a focus on community development, empowering more effective leaders and organizations within the region.
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Impact
October, 2024
The Rapides Foundation significantly enhances the health and wellbeing of Central Louisiana through targeted initiatives aimed at improving healthcare access, promoting healthy behaviors, and elevating educational attainment. By playing a pivotal role in the ownership and operation of Rapides Regional Medical Center, a critical 380-bed facility, the foundation ensures top-tier patient care and supports underserved populations.
A keystone of the foundation's impact is its commitment to training primary care physicians. By sponsoring the Louisiana State University Family Practice Residency Program, which has helped graduate 141 primary care physicians since its inception, the foundation actively addresses the area's medical professional shortage. This is crucial in a region designated as a health professional shortage area.
In addition, the foundation provides urgent, primary, and specialty care services through multiple clinic locations, serving approximately 50,480 patients in a year. Notably, its Cenla Medication Access Program distributes no-cost medications valued at over $8 million, significantly alleviating financial barriers to essential treatments for low-income patients.
The foundation's efforts extend to advancing healthcare quality, exemplified by the accolades received by Rapides Regional Medical Center, including the American Heart Association’s Gold Plus Quality Achievement Award and recognition as a Level II Trauma Center. These achievements highlight the center's commitment to delivering exceptional healthcare standards based on the latest medical evidence.
Overall, The Rapides Foundation's multifaceted approach not only strengthens healthcare access and quality but also fosters educational advancement and economic opportunity in Central Louisiana, creating healthier individuals and communities.
This information is meant to be a general summary of The Rapides 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: $11,927,364
- Program Service Revenue: $4,387,876
- Gross Receipts: $30,315,240
Assets and Liabilities:
- Total Assets: $326,264,915
- Total Liabilities: $16,452,617
- Net Assets: $309,812,298
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Organization Details
Founding Year
1924
Phone
(318) 443-3394Principal Officer
Joseph R Rosier Jr
Main Address
1101 FOURTH STREET 300, ALEXANDRIA, LA, 71301
Website
www.rapidesfoundation.orgNTEE Category
Code: E210 - Health
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