Overview
What is Umc Foundation?
The Umc Foundation, based in Lubbock, Texas, is a charitable nonprofit organization with a mission to support the University Medical Center Health System. Operating primarily for charitable, educational, and scientific purposes, it plays a crucial role in aiding the establishment, operation, and continuation of the hospital district, known as University Medical Center. This foundation is committed to assisting the hospital district in various aspects, ensuring its smooth operation.
Official website here: www.umchealthsystem.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Stars)
The Umc Foundation has achieved an impressive 95% rating from Charity Navigator, indicating strong accountability and financial health. The foundation's score is primarily based on its rigorous adherence to financial accountability, showcasing a robust structure with 100% of its board members being independent. This commitment to transparency is reinforced by solid practices in oversight and governance, reflected in high scores across various accountability measures.
Strengths of the Umc Foundation include excellent financial ratios, such as a program expense ratio of 91.49%, indicating that a significant portion of its funds is directed towards its mission. Additionally, the foundation has a low fundraising efficiency ratio of $0.03, suggesting it spends very little to raise funds, allowing more resources to support its programs. The organization also boasts a working capital ratio that indicates a strong ability to meet its obligations, at 10.21 years.
While the foundation demonstrates a strong performance overall, it's important to remain aware of any external factors that may impact its operations. However, based on the current data, there are no noted limitations or concerns regarding financial practices or governance, allowing stakeholders to feel confident in their support for Umc Foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Umc Foundation legitimate?
Umc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umc 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
For more financial information, click here
Official website here: www.umchealthsystem.com
What is the mission statement of Umc Foundation?
The Umc Foundation is a charitable organization with a mission to aid in the operation of a healthcare system. It was established and runs exclusively for charitable, educational, and scientific purposes. The primary goal is to support the establishment, functioning, and continuation of a medical center system. The foundation's work contributes to the health community by assisting in various aspects of its operation. By doing so, the Umc Foundation aims to make a significant impact on the provision of healthcare services.
Official website here: www.umchealthsystem.com
Who is the CEO of Umc Foundation?
Jeff Dane is the Vp & Cpo of Umc Foundation.
Official website here: www.umchealthsystem.com
What is the revenue of Umc Foundation?
Umc Foundation's revenue in 2022 was $21,206,245.
Official website here: www.umchealthsystem.com
Who are the executives of Umc Foundation and what are their salaries?
There 10 volunteers at Umc Foundation.
Here are 20 key members and their salaries:
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Official website here: www.umchealthsystem.com
Where can I find the form 990 for Umc Foundation?
Umc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umchealthsystem.com
Learn more at the official website: www.umchealthsystem.com
Mission Statement of Umc Foundation
The Umc Foundation, a charitable organization, exists to aid in the operational functioning of University Medical Center. Established with exclusively charitable, educational, and scientific objectives, the Umc Foundation supports the establishment, maintenance, and continuation of the University Medical Center Health System. By doing so, it contributes significantly to the Healthcare sector, ensuring the smooth functioning of this vital organization.
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Impact
October, 2024
The Umc Foundation plays a crucial role in enhancing healthcare services in Lubbock County by supporting the operations of University Medical Center. By focusing on charitable, educational, and scientific initiatives, it contributes significantly to the establishment and ongoing functionality of the healthcare system. This support ensures that the community has access to essential medical services, ultimately improving the overall health and well-being of the residents in the region. The foundation's mission reflects a commitment to fostering an effective and sustainable healthcare environment, benefiting countless patients and families in Lubbock and beyond.
This information is meant to be a general summary of Umc 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: $517,890
- Gross Receipts: $21,206,245
Assets and Liabilities:
- Total Assets: $46,106,511
- Total Liabilities: $3,885,767
- Net Assets: $42,220,744
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Organization Details
Founding Year
1979
Phone
(806) 775-8250Principal Officer
Jeff Dane
Main Address
PO BOX 5980, LUBBOCK, TX, 79408
Website
www.umchealthsystem.comNTEE Category
Code: E112 - Health
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