Overview
What is Overlake Hospital Foundation?
Overlake Hospital Foundation is a nonprofit organization based in Bellevue, Washington, specifically at 1035 116th Avenue NE, 98004. Their primary mission is to enhance and advance medical and healthcare excellence by raising funds and providing support to Overlake Hospital Medical Center. This includes financing the construction of new facilities, acquiring modern equipment, and funding comprehensive services and programs. In the recent year, they managed to garner $7,764,750 in contributions and pledges, disbursing a total of $9,141,355 to support the hospital's initiatives. With a team of 13 dedicated individuals, the foundation plays a significant role in improving healthcare provision in the community.
Official website here: www.overlakehospital.org/ways-to-give
What are the reviews and ratings of this charity?
The Overlake Hospital Foundation has earned a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 85%. This rating reflects a strong performance in accountability and finance, as their financial practices and governance are well-established. They maintain a fully independent board and demonstrate sound fiscal responsibility with a high program expense ratio and impressive fundraising efficiency.
Significant strengths include their 87.61% program expense ratio, indicating that a substantial portion of their resources directly support their mission. The foundation shows good governance practices, such as having a whistleblower policy and consistent board meeting documentation. However, they lack financial statements in their records, which is a notable area for improvement.
Currently, Overlake Hospital Foundation does not have a score for impact measurement, culture, or leadership, suggesting opportunities for further development in these areas. The absence of user reviews on GreatNonprofits means additional public sentiment is unavailable, but the details provided offer a solid overview of their strengths and areas for potential growth.
This AI summary has been generated from information found on Charity Navigator.
Is Overlake Hospital Foundation legitimate?
Overlake Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Overlake 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: $362,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,296
For more financial information, click here
Official website here: www.overlakehospital.org/ways-to-give
What is the mission statement of Overlake Hospital Foundation?
The Overlake Hospital Foundation's mission is centered around enhancing and improving medical and healthcare excellence. They achieve this by providing funding and other support to Overlake Hospital Medical Center. This aid is utilized for constructing new facilities, acquiring modern equipment, and developing comprehensive services and programs. The foundation's goal is to contribute to the advancement of healthcare, ultimately aiming to provide better care for patients. In the fiscal year, the foundation raised $7,764,750 in contributions and pledges from donors, and subsequently provided $9,141,355 of financial support to Overlake Hospital Medical Center. The discrepancy between the contribution revenue and the support provided to the hospital is due to the timing of pledge payments.
Official website here: www.overlakehospital.org/ways-to-give
Who is the CEO of Overlake Hospital Foundation?
Mary Beth Stearns is the Chief Development Officer of Overlake Hospital Foundation. The CEO's salary of Overlake Hospital Foundation is $0 and their total compensation is $1,455,175.
Official website here: www.overlakehospital.org/ways-to-give
What is the revenue of Overlake Hospital Foundation?
Overlake Hospital Foundation's revenue in 2022 was $11,666,714.
Official website here: www.overlakehospital.org/ways-to-give
Who are the executives of Overlake Hospital Foundation and what are their salaries?
The average compensation at Overlake Hospital Foundation during 2022 was $102,667. There are 13 employees and 18 volunteers at Overlake Hospital Foundation.
Here are 22 key members and their salaries (Overlake Hospital Foundation's CEO's salary is $0 and their total compensation is $1,455,175):
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- Related: $1,314,369
- Other: $140,806
- Compensation: $0
- Related: $592,130
- Other: $85,014
- Compensation: $395,516
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- Other: $83,484
- Compensation: $207,307
- Related: $0
- Other: $30,364
Official website here: www.overlakehospital.org/ways-to-give
Where can I find the form 990 for Overlake Hospital Foundation?
Overlake Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.overlakehospital.org/ways-to-give
Learn more at the official website: www.overlakehospital.org/ways-to-give
Mission Statement of Overlake Hospital Foundation
Overlake Hospital Foundation is an organization dedicated to enhancing and improving medical and healthcare excellence. Its primary role is to provide fundraising and other forms of support to Overlake Hospital Medical Center. This support is aimed at facilitating the construction of new facilities, acquiring modern equipment, and establishing comprehensive services and programs. The foundation's goal is to contribute to the advancement of healthcare delivery, aiming to provide the best possible care for patients. Through its fundraising efforts, Overlake Hospital Foundation raised $7,764,750 in contributions and pledges from donors. These funds were then channeled towards supporting Overlake Hospital Medical Center with $9,141,355 worth of financial aid for new facilities, modern equipment, and comprehensive services and programs. The discrepancy between the contribution revenue and the support provided to Overlake Hospital is due to the timing of pledge payments.
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Impact
July, 2024
Overlake Hospital Foundation's impact can be seen in the advancement and improvement of medical and health care excellence at Overlake Hospital Medical Center. Through fundraising and other support efforts, the foundation has raised significant contributions and pledges, totaling $7,764,750. This financial support, amounting to $9,141,355, has been crucial in enabling the hospital to acquire new facilities, modern equipment, and comprehensive services and programs. The foundation's work plays a vital role in enhancing healthcare provision in the Bellevue community and beyond, ultimately benefiting patients and medical professionals alike.
This information is meant to be a general summary of Overlake 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: $1,242,399
- Gross Receipts: $14,378,627
Assets and Liabilities:
- Total Assets: $23,723,897
- Total Liabilities: $557,219
- Net Assets: $23,166,678
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Organization Details
Founding Year
1978
Phone
(425) 688-5000Principal Officer
Mary Beth Stearns
Main Address
1035 116TH AVENUE NE, BELLEVUE, WA, 98004
NTEE Category
Code: E110 - Health
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