Overview
What is Providence Portland Medical Foundation?
The Providence Portland Medical Foundation is a nonprofit organization based in Portland, Oregon, under the larger Providence family of healthcare organizations. With a commitment to serving vulnerable populations and advocating for necessary reforms, they strive to provide high-quality, compassionate care for everyone, regardless of coverage or ability to pay. The foundation, along with its sister organizations, operates across seven western states and boasts a workforce of over 117,000 caregivers. Their initiatives encompass a comprehensive range of healthcare services and social programs aimed at improving community health, strengthening local economies, and reducing their carbon footprint. Major areas of support include cancer research, behavioral health, and internal medicine residencies, among others. Through various community benefit programs and investments, the foundation aims to remove barriers to care and promote equitable access to quality healthcare in the communities they serve.
Official website here: www.providencefoundations.org/our-foundations/
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Providence Portland Medical Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The foundation scored exceptionally well in the Accountability & Finance category, indicating that it operates with transparency and adheres to high standards of governance. This rating is a positive sign for donors and stakeholders, showcasing the organization's effective use of resources.
The foundation features an entirely independent board, comprised of 24 members, which speaks to its governance strength and commitment to avoiding conflicts of interest. Key policies, including whistleblower protections and document retention, are well established and maintained, contributing to a robust ethical framework. Additionally, the foundation maintains an impressive program expense ratio of 92.64%, indicating that a significant majority of its expenses are directed towards its programs rather than administrative costs.
While the ratings are highly favorable, the data does not provide information on specific program outcomes or community impact, which could further enhance understanding of the foundation's effectiveness. Overall, the solid financial health and governance practices position the Providence Portland Medical Foundation as a trustworthy option for donors looking to support a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Portland Medical Foundation legitimate?
Providence Portland Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Portland Medical 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: $223,794
For more financial information, click here
Official website here: www.providencefoundations.org/our-foundations/
What is the mission statement of Providence Portland Medical Foundation?
The Providence Portland Medical Foundation is dedicated to expressing God's healing love through ministries that serve all, particularly the poor and vulnerable. They advocate for needed reforms in healthcare and pursue innovative ways to make healthcare more convenient, accessible, and affordable for everyone, regardless of their ability to pay. With a team of over 117,000 caregivers, they serve millions of lives across seven states, advancing best practices and continuing a tradition of serving the vulnerable. Their commitment to social responsibility includes a stronger focus on diversity, equity, inclusion, and environmental stewardship. They have made significant strides in reducing carbon emissions and have published reports showcasing their progress. The foundation provides operational and capital support to various hospital programs, with a significant focus on cancer research. Their scientists are making progress in using the body's own immune system to find a cure for cancer. In 2022, they raised funds for the recruitment of new scientists, ongoing cancer institute needs, and the implementation of a new cardio-oncology program.
Official website here: www.providencefoundations.org/our-foundations/
Who is the CEO of Providence Portland Medical Foundation?
Chelsea Sokolow is the Frmr Off. - Or Reg. Cpo of Providence Portland Medical Foundation.
Official website here: www.providencefoundations.org/our-foundations/
What is the revenue of Providence Portland Medical Foundation?
Providence Portland Medical Foundation's revenue in 2022 was $17,555,616.
Official website here: www.providencefoundations.org/our-foundations/
Who are the executives of Providence Portland Medical Foundation and what are their salaries?
There 29 volunteers at Providence Portland Medical Foundation.
Here are 26 key members and their salaries:
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Official website here: www.providencefoundations.org/our-foundations/
Where can I find the form 990 for Providence Portland Medical Foundation?
Providence Portland Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providencefoundations.org/our-foundations/
Learn more at the official website: www.providencefoundations.org/our-foundations/
Mission Statement of Providence Portland Medical Foundation
Providence Portland Medical Foundation, an expression of God's healing love, is steadfast in serving all, with a particular focus on vulnerable populations and the need for healthcare reforms. The organization is committed to delivering high-quality, compassionate care to everyone, regardless of their ability to pay or insurance coverage. With a presence in seven western states, Providence operates a comprehensive range of healthcare services and social programs. Their team of over 117,000 caregivers serves in 51 hospitals, 1,000 clinics, and various affiliations and ministries.
Providence is an advocate for vulnerable populations and continually innovates to make healthcare services more accessible, convenient, and affordable. Through community benefit programs and strategic partnerships, they aim to remove barriers to care and improve overall community health. In response to community needs, Providence invests in initiatives that enhance quality care at the local level and across the seven states they serve.
The mission of Providence Portland Medical Foundation is rooted in a strong belief in serving those in need and striving for a more equitable, sustainable future. By deploying the resources of their system to support community health improvement and reduce their carbon footprint, they are committed to making a positive impact on the communities they serve. As they continue to grow and expand their reach, Providence remains dedicated to touching millions of more lives and transforming care for the next generation and beyond.
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Impact
October, 2024
Providence Portland Medical Foundation significantly impacts community health by advocating for vulnerable populations and pursuing reforms to improve healthcare access and affordability. The foundation focuses on innovative approaches to healthcare, ensuring that services are convenient and accessible to all individuals, regardless of their insurance status or ability to pay.
With a robust network of 117,000 caregivers across 51 hospitals and 1,000 clinics throughout the Western United States, the foundation serves as a vital safety net for underserved communities. Its commitment extends beyond immediate medical services; it aims to eliminate barriers to care, promote community resilience, and invest in long-term health initiatives. These efforts are bolstered by community benefit programs designed to meet basic health needs and improve equitable access to quality care.
In 2022, the foundation made substantial contributions to cancer research through the Robert W. Franz Cancer Center and the Earle A. Chiles Research Institute, raising over $5.6 million to enhance research capacities and attract top scientists. The foundation is also addressing critical behavioral health needs, having secured a $4.3 million grant to improve facilities for mental health services adjacent to the hospital's emergency department.
Additional initiatives like the development of a Cardio-Oncology program exemplify the foundation’s multidisciplinary approach, combining cancer treatment with specialized cardiac care to support patients facing coexisting health challenges. The foundation continues to support essential programs in internal medicine, heart services, senior health, and neonatal intensive care, enhancing the range and quality of services offered to the community. Through its comprehensive efforts, Providence Portland Medical Foundation plays a pivotal role in enhancing the health and well-being of individuals and communities across the region.
This information is meant to be a general summary of Providence Portland Medical 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: $6,148,131
- Gross Receipts: $17,644,618
Assets and Liabilities:
- Total Assets: $198,322,059
- Total Liabilities: $16,891,412
- Net Assets: $181,430,647
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Organization Details
Founding Year
1981
Phone
(503) 215-5546Principal Officer
Chelsea Sokolow
Main Address
4805 NE GLISAN STREET, PORTLAND, OR, 972132967
NTEE Category
Code: E112 - Health
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