Overview
What is Laureate Mental Health Corporation?
Laureate Mental Health Corporation, established in 1988, serves as a crucial support system for two entities: Laureate Psychiatric Clinic and Hospital, Inc. and Laureate Institute for Brain Research, Inc. The primary role of Laureate Mental Health Corporation is to manage and acquire ancillary real estate facilities for these organizations, enabling them to focus on delivering healthcare and conducting research in the mental health field. By offering this support, Laureate Mental Health Corporation aims to contribute significantly to the advancement of mental healthcare services and research.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating.
Laureate Mental Health Corporation holds a 63% rating from Charity Navigator, indicating some areas of strength along with notable weaknesses. The organization boasts a fully independent board, which is a positive sign of governance. Additionally, it maintains a strong program expense ratio of 66.42%, suggesting that a significant portion of its budget is allocated directly to its programs.
However, the organization suffers from several critical shortcomings in its accountability and transparency practices. It has not provided financial statements, and essential policies such as a conflict of interest policy and a whistleblower policy are missing. Furthermore, the nonprofit's website is not listed on its tax form, which raises concerns about accessibility and public accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Laureate Mental Health Corporation legitimate?
Laureate Mental Health Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laureate Mental Health Corporation 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
What is the mission statement of Laureate Mental Health Corporation?
The Laureate Mental Health Corporation (LMHC) aims to aid Laureate Psychiatric Clinic and Hospital, Inc. (LPCH) and Laureate Institute for Brain Research, Inc. (LIBR) in their healthcare and research endeavors by managing ancillary real estate facilities, enabling these organizations to concentrate on delivering healthcare services efficiently. LMHC's mission is to provide support to both LPCH and LIBR, allowing them to focus on their primary objectives without being distracted by real estate matters. This support enables these entities to dedicate their resources to improving healthcare and conducting research effectively.
Who is the CEO of Laureate Mental Health Corporation?
Thomas E Cooper is the Trustee/Chairman & Ceo of Laureate Mental Health Corporation. The CEO's salary of Laureate Mental Health Corporation is $0 and their total compensation is $0.
What is the revenue of Laureate Mental Health Corporation?
Laureate Mental Health Corporation's revenue in 2022 was $1,600,000.
Who are the executives of Laureate Mental Health Corporation and what are their salaries?
There 7 volunteers at Laureate Mental Health Corporation.
Here are 7 key members and their salaries (Laureate Mental Health Corporation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Laureate Mental Health Corporation?
Laureate Mental Health Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laureate Mental Health Corporation
Laureate Mental Health Corporation, a significant entity in the healthcare sector, has a mission geared towards supporting Laureate Psychiatric Clinic and Hospital, Inc. (LPCH) and Laureate Institute for Brain Research, Inc. (LIBR). In essence, the corporation aims to allow these organizations to concentrate on delivering healthcare and healthcare research by managing, acquiring, and building ancillary real estate facilities for them. By doing so, Laureate Mental Health Corporation enables these institutions to focus on their primary objectives, ultimately contributing to the betterment of mental health care for numerous individuals. Established since 1988, the corporation's unwavering support has been instrumental in the success of both LPCH and LIBR in delivering quality care and advancing research in the field of mental health.
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Impact
June, 2024
Laureate Mental Health Corporation's impact is significant in supporting Laureate Psychiatric Clinic and Hospital, Inc. and Laureate Institute for Brain Research, Inc. by providing ancillary real estate facilities. This support allows LPCH and LIBR to focus on delivering healthcare services and conducting healthcare research without the burden of managing property-related tasks. The corporation's efforts contribute to the advancement of mental health services and brain research in Tulsa, Oklahoma, ultimately benefiting individuals in need of specialized care and pioneering scientific advancements in the field.
This information is meant to be a general summary of Laureate Mental Health Corporation. 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.
- Gross Receipts: $1,600,000
Assets and Liabilities:
- Total Assets: $501,767
- Total Liabilities: $0
- Net Assets: $501,767
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Organization Details
Founding Year
1988
Phone
(918) 492-8100Principal Officer
Thomas E Cooper
Main Address
P O BOX 470372, Tulsa, OK, 741470372
NTEE Category
Code: F00J - Mental health
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