Overview
What is Longmont United Hospital Foundation?
The Longmont United Hospital Foundation is a not-for-profit organization situated in Longmont, Colorado, with a specific address provided. Its primary focus is to fundraise and support Longmont United Hospital and the wider community it serves. The foundation accomplishes this through various projects, including offering scholarships for individuals pursuing careers in healthcare, renovating hospital facilities such as the atrium and birthplace, and granting funds to other healthcare organizations. In 2022, the foundation also provided grants to help purchase necessary equipment for various hospital departments. With a modest team of four employees, the Longmont United Hospital Foundation plays a crucial role in enhancing healthcare services and support within its community.
Official website here: www.luhfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
The Longmont United Hospital Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational and financial accountability. While the organization has a strong independent board with 93% of its members being independent and no material diversion of assets, it faces significant challenges in areas related to governance policies. The absence of a whistleblower policy and a document retention policy are notable shortcomings that could impact transparency and accountability.
Despite these weaknesses, the foundation shows a commendable program expense ratio of 66.75%, reflecting a strong commitment to its charitable mission. The low liabilities to assets ratio of 3.86% also suggests a stable financial position, which is a positive indicator for potential donors. Additionally, the foundation's website is properly listed on its tax form, and it maintains accurate board meeting minutes, which are essential for organizational integrity.
Overall, while the Longmont United Hospital Foundation demonstrates strengths in governance independence and financial management, addressing gaps in critical policies is necessary for improving its rating and fostering greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Longmont United Hospital Foundation legitimate?
Longmont United Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Longmont United Hospital 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: $175,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,926
For more financial information, click here
Official website here: www.luhfoundation.org
What is the mission statement of Longmont United Hospital Foundation?
The Longmont United Hospital Foundation is committed to overseeing fundraising initiatives that bolster and advance the mission of Longmont United Hospital and the community it serves. Acting as a not-for-profit corporation, the foundation organizes and manages projects that provide support to the hospital and its community. The foundation's operations are funded through donations and investment earnings. Significant projects in 2022 included granting scholarships to individuals pursuing careers in healthcare, renovating the hospital atrium and birthplace, and providing grants to other healthcare groups. Moreover, the foundation also allocated funds for purchasing equipment for various hospital departments.
Official website here: www.luhfoundation.org
Who is the CEO of Longmont United Hospital Foundation?
Ron Cheyney is the Treasurer of Longmont United Hospital Foundation.
Official website here: www.luhfoundation.org
What is the revenue of Longmont United Hospital Foundation?
Longmont United Hospital Foundation's revenue in 2022 was $1,380,324.
Official website here: www.luhfoundation.org
Who are the executives of Longmont United Hospital Foundation and what are their salaries?
The average compensation at Longmont United Hospital Foundation during 2022 was $51,982. There are 4 employees and 75 volunteers at Longmont United Hospital Foundation.
Here are 16 key members and their salaries:
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Official website here: www.luhfoundation.org
Where can I find the form 990 for Longmont United Hospital Foundation?
Longmont United Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.luhfoundation.org
Learn more at the official website: www.luhfoundation.org
Mission Statement of Longmont United Hospital Foundation
The Longmont United Hospital Foundation is a not-for-profit organization committed to overseeing fundraising initiatives that contribute to the mission of Longmont United Hospital and the broader community it serves. This foundation's primary objective is to raise funds and channel them towards supporting and advancing the hospital's mission. In 2022, the foundation executed several significant projects, such as awarding scholarships to individuals pursuing careers in the healthcare field, renovating the hospital atrium and birthplace, and providing grants to various healthcare groups. Moreover, the foundation also allocated funds for purchasing equipment for various hospital departments, demonstrating its dedication to enhancing healthcare services within the community.
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Impact
July, 2024
Longmont United Hospital Foundation's impact can be seen in its dedication to administering fundraising activities that provide vital support for Longmont United Hospital and the community it serves. Through projects such as scholarship awards for individuals advancing in the healthcare field, renovation of hospital facilities like the atrium and birthplace, and grants to other healthcare groups, the Foundation plays a significant role in enhancing healthcare services and facilities in the Longmont area. Additionally, the Foundation's grants help in purchasing necessary equipment for various hospital departments, ultimately contributing to improved healthcare outcomes for the community.
This information is meant to be a general summary of Longmont United Hospital 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: $158,838
- Gross Receipts: $1,428,035
Assets and Liabilities:
- Total Assets: $5,649,248
- Total Liabilities: $218,501
- Net Assets: $5,430,747
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Organization Details
Founding Year
1981
Phone
(303) 651-5021Principal Officer
Ron Cheyney
Main Address
1950 Mountain View Avenue, Longmont, CO, 80501
Website
www.luhfoundation.orgNTEE Category
Code: T30 - Philanthropy
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