Overview
What is The Sealy & Smith Foundation?
The Sealy & Smith Foundation is a nonprofit organization based in Galveston, Texas, with a team of seven individuals. Their primary focus is to support the John Sealy Hospital at the University of Texas Medical Branch (UTMB) in Galveston. They invest in the construction, remodeling, equipping, and furnishing of the hospital and other related buildings. Their mission extends beyond physical infrastructure, as they also prioritize healthcare for the citizens of Galveston within these facilities.
Official website here: www.sealy-smith-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Sealy & Smith Foundation has achieved a notable 96% score from Charity Navigator, reflecting strong accountability and financial practices. This high rating is indicative of the organization’s commitment to transparency and effective governance, as evidenced by its full points in areas such as financial oversight and the independence of its board members.
Strengths of the foundation include an entirely independent board, with 85% of its members meeting this criterion, ensuring that decisions are made with minimal conflicts of interest. The organization also excels in financial management, reflected in its low liabilities to assets ratio and a high program expense ratio of over 85%, meaning that a significant portion of its funding is directed towards programs rather than administrative costs.
No significant limitations were noted in the data, highlighting that the foundation operates without material diversion of assets and adheres to best practices in governance policies. Overall, the Sealy & Smith Foundation stands out for its strong ethical framework and effective utilization of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is The Sealy & Smith Foundation legitimate?
The Sealy & Smith Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sealy & Smith 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: $917,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,000
For more financial information, click here
Official website here: www.sealy-smith-foundation.org
What is the mission statement of The Sealy & Smith Foundation?
The Sealy & Smith Foundation is dedicated to supporting a hospital, identified as the John Sealy Hospital, connected to the University of Texas Medical Branch in Galveston. Their mission is to facilitate the construction, remodeling, equipping, and furnishing of this hospital, with a focus on enhancing healthcare for the community it serves. By providing resources for the hospital's infrastructure, the foundation aims to contribute significantly to the well-being of its citizens.
Official website here: www.sealy-smith-foundation.org
Who is the CEO of The Sealy & Smith Foundation?
Douglas G Rogers is the President/Director of The Sealy & Smith Foundation.
Official website here: www.sealy-smith-foundation.org
What is the revenue of The Sealy & Smith Foundation?
The Sealy & Smith Foundation's revenue in 2022 was $158,734,221.
Official website here: www.sealy-smith-foundation.org
Who are the executives of The Sealy & Smith Foundation and what are their salaries?
The average compensation at The Sealy & Smith Foundation during 2022 was $148,258. There are 7 employees at The Sealy & Smith Foundation.
Here are 10 key members and their salaries:
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $22,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $347,012
- Related: $0
- Other: $53,087
- Compensation: $162,026
- Related: $0
- Other: $30,044
- Compensation: $111,768
- Related: $0
- Other: $18,863
Official website here: www.sealy-smith-foundation.org
Where can I find the form 990 for The Sealy & Smith Foundation?
The Sealy & Smith Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sealy-smith-foundation.org
Learn more at the official website: www.sealy-smith-foundation.org
Mission Statement of The Sealy & Smith Foundation
The Sealy & Smith Foundation, a philanthropic organization, is dedicated to supporting the John Sealy Hospital at the University of Texas Medical Branch (UTMB) in Galveston. Their mission is multi-faceted, encompassing the construction, remodeling, equipping, and furnishing of hospital buildings connected to the John Sealy Hospital. Beyond these physical investments, the Foundation is committed to enhancing healthcare for the citizens of Galveston through the hospital.
In practice, The Sealy & Smith Foundation channels its resources towards improving the John Sealy Hospital and other related hospital structures in Galveston. This involves funding various projects that range from the construction of new buildings to the renovation of existing ones. Furthermore, the Foundation provides essential equipment and furniture for these hospital facilities, ensuring they remain functional and efficient.
The ultimate goal of The Sealy & Smith Foundation's efforts is to enrich the healthcare experience for the people of Galveston. By investing in the physical infrastructure of the John Sealy Hospital, the Foundation plays a crucial role in promoting optimal health conditions for those in need. This commitment to bettering the lives of individuals in Galveston through improved healthcare facilities is a testament to the Foundation's dedication and generosity.
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Impact
October, 2024
The Sealy & Smith Foundation significantly impacts healthcare in Galveston, Texas, by providing financial support for the John Sealy Hospital and the University of Texas Medical Branch (UTMB) at Galveston. Its mission focuses on the construction, remodeling, equipping, and furnishing of the John Sealy Hospital, ensuring that the facility meets the evolving healthcare needs of the community.
This strategic investment in healthcare infrastructure directly enhances the quality of medical services available to Galveston's citizens, thereby promoting better health outcomes. By supporting advanced healthcare facilities, the foundation plays a critical role in ensuring that residents have access to essential medical services, contributing to the overall well-being of the community.
This information is meant to be a general summary of The Sealy & Smith 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: $98,777,956
- Gross Receipts: $219,301,493
Assets and Liabilities:
- Total Assets: $1,674,903,989
- Total Liabilities: $121,266,998
- Net Assets: $1,553,636,991
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Organization Details
Founding Year
1922
Phone
(409) 762-8666Principal Officer
Douglas G Rogers
Main Address
2200 MARKET STREET SUITE 500, GALVESTON, TX, 77550
NTEE Category
Code: E110 - Health
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