Overview
What is Bogalusa Community Medical Center Foundation?
Bogalusa Community Medical Center Foundation is a nonprofit organization based in Baton Rouge, Louisiana. Its primary purpose is to support the health care services division of the Louisiana State University Health Sciences Center. This is achieved by purchasing, leasing, owning, operating, managing, and selling property and services. As of June 24, 2002, the foundation opted to lease the hospital and its operations to the Louisiana State University Health Care Service Department. The foundation's activities are centered around improving health care services in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
The Bogalusa Community Medical Center Foundation has received a low score of 55%, which indicates significant concerns regarding its financial health and operational effectiveness. Despite having a high percentage of independent board members and strong governance policies in place, the organization struggles with a high liabilities-to-assets ratio, suggesting financial instability.
Strengths of the foundation include its sound governance practices, such as maintaining an audit committee and having a whistleblower policy, which demonstrates accountability. However, its program expense ratio is alarmingly low at 28.52%, indicating that only a small portion of its expenses is directed towards its intended programs, raising questions about the efficiency and impact of its operations.
Overall, while the foundation has solid governance frameworks in place, its financial metrics reveal serious challenges that may hinder its ability to fulfill its mission effectively. Potential donors and stakeholders should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bogalusa Community Medical Center Foundation legitimate?
Bogalusa Community Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bogalusa Community Medical Center 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
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What is the mission statement of Bogalusa Community Medical Center Foundation?
The Bogalusa Community Medical Center Foundation's mission is to support the Health Care Services Division of the Louisiana State University Health Sciences Center. This involves purchasing, leasing, owning, operating, and managing property and providing related services. The primary goal is to contribute to the healthcare services provided by the division. Initially, the foundation operated a nonprofit acute care hospital. However, as of June 24, 2002, the foundation leased the hospital and its operations to the Louisiana State University Health Care Service Department.
Who is the CEO of Bogalusa Community Medical Center Foundation?
James Howell is the Director of Bogalusa Community Medical Center Foundation.
What is the revenue of Bogalusa Community Medical Center Foundation?
Bogalusa Community Medical Center Foundation's revenue in 2022 was $754,913.
Who are the executives of Bogalusa Community Medical Center Foundation and what are their salaries?
There 6 volunteers at Bogalusa Community Medical Center Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Bogalusa Community Medical Center Foundation?
Bogalusa Community Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bogalusa Community Medical Center Foundation
Bogalusa Community Medical Center Foundation's mission is centered around supporting the healthcare services division of the Louisiana State University Health Sciences Center. In essence, the foundation aims to acquire, lease, manage, and operate property, as well as provide services, all with the objective of bolstering the healthcare operations of the aforementioned division. This mission has led the foundation to operate a nonprofit acute care hospital, which it owned and managed until June 24, 2002. After this date, the foundation leased the hospital and its operations to the Louisiana State University Health Care Service Department. This shift in management allowed the foundation to continue contributing to the healthcare sector, albeit in a different capacity. By leasing the hospital, the foundation enables the Louisiana State University Health Sciences Center to provide essential healthcare services to its community.
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Impact
July, 2024
Bogalusa Community Medical Center Foundation's impact lies in its support of the health care services division of the Louisiana State University Health Sciences Center. The foundation plays a crucial role in ensuring the provision of quality healthcare services to the community. Through the ownership and operation of an acute care hospital, the foundation has facilitated access to essential medical care for the residents of Bogalusa and its surrounding areas. By leasing the hospital and its operations to the Louisiana State University Health Care Service Department, the foundation has further strengthened the healthcare infrastructure and services available to the local population. In doing so, the Bogalusa Community Medical Center Foundation contributes significantly to the health and well-being of individuals in the region.
This information is meant to be a general summary of Bogalusa Community Medical Center 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: $384,384
- Gross Receipts: $754,913
Assets and Liabilities:
- Total Assets: $14,390,917
- Total Liabilities: $10,200,533
- Net Assets: $4,190,384
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Organization Details
Founding Year
1950
Phone
(225) 766-9720Principal Officer
James Howell
Main Address
747 DAVENTRY DRIVE, BATON ROUGE, LA, 70808
NTEE Category
Code: E30 - Health
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