Overview
What is Southside Health Education Foundation?
The Southside Health Education Foundation, located in Colonial Heights, Virginia, is a nonprofit organization dedicated to supporting residents of Southside Virginia. Their primary mission is to provide financial assistance for individuals aspiring to become healthcare providers but lacking sufficient financial resources. The foundation accomplishes this through scholarship funds, which were awarded to 61 recipients in the recent year. These scholarships were funded by various sources, including the Lettie Pate Whitehead Foundation, the Lyons-Lipchak Fund, and Southside Health Education Foundation itself. In addition to scholarship provision, the foundation serves as a resource for healthcare opportunities within the community.
Official website here: www.shefva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star Rating
The Southside Health Education Foundation has achieved an impressive 99% score from Charity Navigator, which reflects strong performance in both accountability & finance and impact & measurement. With a Four-Star rating, the foundation demonstrates a high level of transparency and efficiency in its financial practices, highlighted by a remarkable program expense ratio of 94.84%. The organization shows no liabilities against its assets, indicating solid financial health.
In terms of its impact, the foundation excels with a perfect score of 100 in impact & measurement, showcasing its effectiveness in achieving program goals. Notably, the programs implemented by the foundation yield significant returns on investment, successfully increasing income for scholarship recipients by more than $1.25 for every dollar spent. This level of impact indicates a robust approach to resource allocation and beneficiary support.
While the accountability & finance score is strong at 97%, the overall lower percentage in this category compared to impact may suggest there are minor areas for improvement in financial practices or reporting. However, the strengths in program efficacy and financial metrics make Southside Health Education Foundation a commendable organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southside Health Education Foundation legitimate?
Southside Health Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southside Health Education 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.shefva.org
What is the mission statement of Southside Health Education Foundation?
The Southside Health Education Foundation's mission is centered around providing financial assistance to individuals who aspire to become healthcare providers but are financially constrained. The foundation serves as a resource for information supporting healthcare opportunities in the community. Its primary activity involves distributing scholarship funds, loans, and other resources to qualified individuals pursuing an education in a health-related field, funded by various donors, including the Lettie Pate Whitehead Foundation and the Lyons-Lipchak Fund. As of the provided information, 61 scholarships were awarded to recipients pursuing nursing degrees.
Official website here: www.shefva.org
Who is the CEO of Southside Health Education Foundation?
Richard Yates is the Secretary of Southside Health Education Foundation. The CEO's salary of Southside Health Education Foundation is $0 and their total compensation is $0.
Official website here: www.shefva.org
What is the revenue of Southside Health Education Foundation?
Southside Health Education Foundation's revenue in 2022 was $77,867.
Official website here: www.shefva.org
Who are the executives of Southside Health Education Foundation and what are their salaries?
Here are 8 key members and their salaries (Southside Health Education Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.shefva.org
Where can I find the form 990 for Southside Health Education Foundation?
Southside Health Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shefva.org
Learn more at the official website: www.shefva.org
Mission Statement of Southside Health Education Foundation
The Southside Health Education Foundation (SHEF) is an organization dedicated to providing financial assistance to individuals residing in Southside Virginia who aspire to become healthcare providers. However, due to insufficient financial resources, they often struggle to achieve their goals. SHEF serves as a valuable resource, offering educational support for healthcare opportunities within the community.
At the heart of SHEF's mission lies the distribution of scholarship funds, loans, and other financial aid to qualified individuals affiliated with its charitable service area. These individuals are eager to pursue an education in a health-related field. SHEF's financial aid has been made possible through donations from various sources, including the Lettie Pate Whitehead Foundation. The Whitehead Foundation's funds were specifically designated for scholarships for Christian women residing in states such as Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia.
In addition to the Lettie Pate Whitehead Foundation, SHEF has also received support from the Lyons-Lipchak Fund and its own funds, which have been earmarked for scholarship programs. These scholarships have been awarded to individuals pursuing a degree in nursing, reflecting SHEF's commitment to strengthening the healthcare sector by nurturing the next generation of healthcare providers.
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Impact
August, 2024
Southside Health Education Foundation provides financial educational assistance to residents of Southside Virginia who aspire to become healthcare providers but lack sufficient financial resources. The foundation awarded scholarships to 61 recipients, funded by various sources such as the Lettie Pate Whitehead Foundation, the Lyons-Lipchak Fund, and Southside Health Education Foundation. These scholarships supported individuals pursuing degrees in nursing. The impact of SHEF is seen in the opportunities it provides for individuals in Southside Virginia to access education in the healthcare field, ultimately contributing to the growth and development of the local healthcare workforce.
This information is meant to be a general summary of Southside Health Education 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: $76,862
- Gross Receipts: $77,867
Assets and Liabilities:
- Total Assets: $2,824,305
- Total Liabilities: $0
- Net Assets: $2,824,305
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Organization Details
Founding Year
2006
Phone
(804) 526-4848Principal Officer
Richard Yates
Main Address
PO BOX 867, COLONIAL HEIGHTS, VA, 238340867
Website
www.shefva.orgNTEE Category
Code: B82 - Education
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