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The Hospital Bed Project Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842232167 ✦ Amston, CT ✦ Designated as a 501(c)(3)

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Overview

What is The Hospital Bed Project Inc?

The Hospital Bed Project Inc, located at 8 Deer Rock Drive, Amston, Connecticut, is a compassionate nonprofit organization that addresses the needs of individuals falling through the cracks of the Medicare and insurance systems. Their mission is to provide affordable used hospital beds, catering to all ages and affiliations, without any eligibility or criteria. In 2022 alone, they provided over 300 beds to those in need. The organization operates with a small team of 8 dedicated individuals, committed to bridging the gap in healthcare accessibility.


Official website here: www.thehospitalbedproject.org

Is The Hospital Bed Project Inc legitimate?

The Hospital Bed Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hospital Bed Project 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: $55,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,655

For more financial information, click here


Official website here: www.thehospitalbedproject.org

What is the mission statement of The Hospital Bed Project Inc?

The Hospital Bed Project Inc's mission is centered around providing affordable used hospital beds to individuals in need. This organization operates without any eligibility criteria and serves individuals of all ages and affiliations, falling through the cracks of the Medicare and INS systems. During 2022, they successfully provided over 300 hospital beds. The primary goal of The Hospital Bed Project Inc is to alleviate the burden of expensive hospital beds for those who require them, ensuring accessibility and equality in healthcare.


Official website here: www.thehospitalbedproject.org

Who is the CEO of The Hospital Bed Project Inc?

Donald T Hoerman is the President of The Hospital Bed Project Inc.


Official website here: www.thehospitalbedproject.org

What is the revenue of The Hospital Bed Project Inc?

The Hospital Bed Project Inc's revenue in 2022 was $142,460.


Official website here: www.thehospitalbedproject.org

Who are the executives of The Hospital Bed Project Inc and what are their salaries?

The average compensation at The Hospital Bed Project Inc during 2022 was $11,326. There are 8 employees at The Hospital Bed Project Inc.


Here are 4 key members and their salaries:


Don Hoerman (President)
  • Compensation: $55,950
  • Related: $0
  • Other: $0
Morgan Leonard (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Lubin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trish Leonard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thehospitalbedproject.org

Where can I find the form 990 for The Hospital Bed Project Inc?

The Hospital Bed Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thehospitalbedproject.org

Learn more at the official website: www.thehospitalbedproject.org

Mission Statement of The Hospital Bed Project Inc

The Hospital Bed Project Inc, a nonprofit organization, is committed to providing low-cost hospital beds to individuals in need. This mission is carried out by offering affordable used hospital beds to individuals who fall through the cracks of the Medicare and Insurance systems. Regardless of age or affiliation, anyone in need can access these beds, as there are no eligibility or criteria requirements. In 2022 alone, The Hospital Bed Project Inc has provided over 300 beds, demonstrating its dedication to meeting the needs of those who require such resources.

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Impact




October, 2024

The Hospital Bed Project Inc significantly impacts individuals and families by bridging gaps in access to essential medical equipment. By providing low-cost, used hospital beds, it meets the urgent needs of those who cannot navigate the complexities of Medicare and insurance systems. In 2022 alone, over 300 beds were distributed, making it possible for people of all ages and backgrounds to receive the care they deserve in the comfort of their own homes. The project also collaborates with other organizations to deliver hospital beds, amplifying its reach and effectiveness in addressing health care disparities. This commitment not only improves the quality of life for many but also fosters a sense of community support during challenging times.




This information is meant to be a general summary of The Hospital Bed Project 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.

Revenue
$142,460 (2022)
Expenses
$150,106 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $23,725
  • Gross Receipts: $211,518

Assets and Liabilities:

  • Total Assets: $20,628
  • Total Liabilities: $4,501
  • Net Assets: $16,127

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SUBCONTRACT BED DELIVERY FEES

Revenue

$23,725

Organization Details

Founding Year

2019

Principal Officer

Donald T Hoerman

Main Address

8 Deer Rock Drive, Amston, CT, 06231

NTEE Category

Code: E50 - Health

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