Overview
What is Hlth Impact Foundation?
Hlth Impact Foundation is a nonprofit organization based in New York City, specifically at 155 E 44th St Suite 701. Their primary objective is to promote health equity, access, and transformation by developing, supporting, and funding initiatives. They achieve this mission by fostering positive and lasting changes for individuals dedicated to improving health, lowering costs, and advancing the industry through innovation and collaboration. The foundation identifies potential donors through introductions to healthcare professionals, organizations, and businesses at conferences and events produced by HLTH LLC. By leveraging these connections, Hlth Impact Foundation solicits donations to relevant non-profit organizations that align with its mission, using an application process to select recipients. Although the information does not specify the total number of employees, it is mentioned that the foundation has at least one employee.
Official website here: www.hlthfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star rating)
The Hlth Impact Foundation has received a rating of 41%, which is classified as a Zero-Star rating. This low score primarily reflects significant issues with accountability and financial practices, particularly the lack of independent board members, which scored 0% in that category. While the organization has some positive elements, such as having a conflict of interest policy and proper documentation practices, these are overshadowed by overall financial accountability concerns.
Strengths noted include the foundation's compliance with listing its tax form on its website and maintaining a whistleblower policy. Furthermore, the financial statements are reviewed or compiled, indicating some level of oversight. However, the lack of independent governance is a critical limitation that raises questions about decision-making and oversight effectiveness.
Financially, the foundation has reported a liabilities-to-assets ratio of 3.05%, which is concerning, and a program expense ratio of only 36.01%. This suggests that a significant portion of resources may not be directed towards its programs, which diminishes the impact on the mission. Overall, the organization will need to address these governance and financial management issues to improve its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hlth Impact Foundation legitimate?
Hlth Impact Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hlth Impact 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: $240,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hlthfoundation.org
What is the mission statement of Hlth Impact Foundation?
The Hlth Impact Foundation's mission is centered around promoting positive and lasting changes in the healthcare industry. They focus on fostering health equity, access, and transformation by supporting and funding initiatives. The organization is dedicated to improving health, lowering costs, and advancing the industry through innovation and collaboration. They achieve this by identifying potential donors through introductions to healthcare professionals, organizations, and businesses at conferences and events produced by HLTH LLC. Subsequently, the foundation solicits donations to specific non-profit organizations that align with its mission, as well as accepting general donations for distribution to selected non-profits through an application process.
Official website here: www.hlthfoundation.org
Who is the CEO of Hlth Impact Foundation?
Jonathan Weiner is the Chairman of Hlth Impact Foundation.
Official website here: www.hlthfoundation.org
What is the revenue of Hlth Impact Foundation?
Hlth Impact Foundation's revenue in 2022 was $978,535.
Official website here: www.hlthfoundation.org
Who are the executives of Hlth Impact Foundation and what are their salaries?
The average compensation at Hlth Impact Foundation during 2022 was $240,895. There is 1 employee and 3 volunteers at Hlth Impact Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $207,651
- Related: $0
- Other: $18,021
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hlthfoundation.org
Where can I find the form 990 for Hlth Impact Foundation?
Hlth Impact Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hlthfoundation.org
Learn more at the official website: www.hlthfoundation.org
Mission Statement of Hlth Impact Foundation
The Hlth Impact Foundation is committed to driving positive and lasting changes in the realm of health, with a focus on promoting equity, enhancing access, and fostering transformation. Their mission is to support and fund initiatives that align with these goals, ultimately aiming to improve health outcomes, reduce costs, and propel the industry forward through innovation and collaboration. The organization relies on networking with healthcare professionals and related organizations to identify potential donors, who are then solicited to contribute to specific non-profit organizations that align with the Hlth Impact Foundation's mission. In addition, the foundation accepts general donations, which it subsequently distributes to selected non-profit organizations following an application process.
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Impact
July, 2024
Hlth Impact Foundation's impact can be seen in its initiatives to advance health equity, access, and transformation. By developing, supporting, and funding projects in these areas, the foundation is fostering positive and lasting changes for individuals dedicated to improving health, lowering costs, and advancing the healthcare industry through innovation and collaboration. Through partnerships with healthcare professionals, organizations, and businesses, Hlth Impact Foundation is able to identify potential donors and solicit donations to support non-profit organizations that align with its mission. In doing so, the foundation is making a tangible difference in the efforts to address healthcare challenges and drive positive outcomes in the field of health.
This information is meant to be a general summary of Hlth Impact 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.
- Gross Receipts: $984,570
Assets and Liabilities:
- Total Assets: $1,314,616
- Total Liabilities: $40,150
- Net Assets: $1,274,466
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Organization Details
Founding Year
2019
Phone
(347) 871-0534Principal Officer
Jonathan Weiner
Main Address
155 E 44TH ST SUITE 701, NEW YORK, NY, 10017
Website
www.hlthfoundation.orgNTEE Category
Code: E11 - Health
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