Overview
What is Oswego Health Foundation Inc?
Oswego Health Foundation Inc, located at 110 W Sixth Street, Oswego, NY 13126, is a nonprofit organization dedicated to collecting and managing charitable donations. Their primary objective is to support Oswego Health and its affiliated non-profit entities, ensuring they can deliver affordable, high-quality healthcare services to their community. By soliciting and administering gifts, grants, bequests, and other forms of philanthropic support, the foundation contributes to improving the health and well-being of local residents.
Official website here: www.oswegohealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Oswego Health Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score reflects strong performance in various governance aspects, particularly with an independent board comprising 91% of its members and comprehensive oversight mechanisms in place. These factors contribute positively to its credibility as a nonprofit organization.
Strengths highlighted in the evaluation include a well-structured financial oversight committee and effective policies regarding conflict of interest, whistleblower protections, and document retention. The organization has shown no material diversion of assets, further emphasizing its commitment to transparency and responsible management. The foundation's financial health is also evidenced by a low liabilities-to-assets ratio of 2.74%.
However, there are some limitations, particularly in the area of program expenses, where the ratio stands at 58.02%, which is below the ideal benchmark. This suggests that a larger portion of the organization's budget may be allocated to administrative costs rather than directly to programs. Overall, while the foundation exhibits strong governance and financial practices, there is room for improvement in its program expenditure efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Oswego Health Foundation Inc legitimate?
Oswego Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oswego Health Foundation Inc 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.oswegohealth.org
What is the mission statement of Oswego Health Foundation Inc?
The Oswego Health Foundation's mission is centered around raising and managing philanthropic funds. Their primary goal is to support Oswego Health and its non-profit entities, enabling them to offer accessible and high-quality healthcare services. This, in turn, aims to enhance the health of the community's residents. The foundation's activities involve soliciting, accepting, acknowledging, and managing various types of donations, including gifts, grants, bequests, and property, to further their mission.
Official website here: www.oswegohealth.org
Who is the CEO of Oswego Health Foundation Inc?
Michael Backus is the Principal Officer of Oswego Health Foundation Inc. The CEO's salary of Oswego Health Foundation Inc is $0 and their total compensation is $764,373.
Official website here: www.oswegohealth.org
What is the revenue of Oswego Health Foundation Inc?
Oswego Health Foundation Inc's revenue in 2022 was $1,588,699.
Official website here: www.oswegohealth.org
Who are the executives of Oswego Health Foundation Inc and what are their salaries?
There 73 volunteers at Oswego Health Foundation Inc.
Here are 13 key members and their salaries (Oswego Health Foundation Inc's CEO's salary is $0 and their total compensation is $764,373):
- Compensation: $0
- Related: $747,653
- Other: $16,720
- Compensation: $0
- Related: $354,300
- Other: $9,948
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.oswegohealth.org
Where can I find the form 990 for Oswego Health Foundation Inc?
Oswego Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oswegohealth.org
Learn more at the official website: www.oswegohealth.org
Mission Statement of Oswego Health Foundation Inc
Oswego Health Foundation, a philanthropic organization, is committed to raising and managing financial support for Oswego Health and its associated not-for-profit entities. This support is instrumental in enabling Oswego Health to deliver accessible, top-notch healthcare services, ultimately improving the well-being of the community's residents. The Foundation's mission involves soliciting, accepting, acknowledging, holding, investing, reinvesting, and administering various types of gifts, grants, bequests, and contributions, among other forms of support. By doing so, it ensures that Oswego Health has the necessary resources to continue providing high-quality care and bolstering the health of the community.
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Impact
July, 2024
The impact of Oswego Health Foundation Inc is significant as it plays a crucial role in supporting Oswego Health and its not-for-profit entities. By raising and managing philanthropic support, the foundation helps ensure accessible, quality healthcare and works to improve the health of residents in the community. Through its efforts in soliciting and administering various forms of support, the foundation contributes to the well-being of individuals in Oswego, NY, and helps enhance healthcare services for those in need.
This information is meant to be a general summary of Oswego Health Foundation Inc. 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: $1,588,699
Assets and Liabilities:
- Total Assets: $1,800,554
- Total Liabilities: $49,348
- Net Assets: $1,751,206
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Organization Details
Founding Year
2011
Phone
(315) 349-5531Principal Officer
Michael Backus
Main Address
110 W Sixth Street, Oswego, NY, 13126
Website
www.oswegohealth.orgNTEE Category
Code: T30 - Philanthropy
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