Overview
What is Asante Foundation?
The Asante Foundation is a nonprofit organization based in Medford, Oregon, dedicated to raising funds for various healthcare projects and departments within the Asante Healthcare System in Oregon and California. During the tax year, they successfully amassed over $24 million in donations, a significant portion of which was allocated for expanding the Pavilion and constructing a new Cancer Center, amounting to over $17.5 million. The Foundation also supports numerous clinical departments at Rogue Regional Medical Center, including Behavioral Health Programs, the Francis Cheney Family Place, Imaging Center, Emergency Department, and Nurse Education, among others. The primary mission of the Asante Foundation is to gather monetary and in-kind donations to advance the objectives of Asante, a 501(c)(3) hospital and healthcare system, which caters to the healthcare requirements of residents in southern Oregon and northern California.
Official website here: www.asante.org/giving/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
The Asante Foundation has achieved a strong Four-Star out of Four Star rating from Charity Navigator, reflecting its high standards in accountability and finance. With an impressive 92% score in this category, the foundation demonstrates effective financial management and transparency practices, which are crucial for donor trust and support.
One of the key strengths of the Asante Foundation is its independent governance, boasting 83% independent board members. The organization has also established solid financial protocols, including a comprehensive audit and oversight committee, ensuring that funds are utilized efficiently, as indicated by a high program expense ratio of 79.38%. Additionally, their liabilities to assets ratio stands at a low 0.34%, showcasing their financial stability.
However, there are notable limitations in the foundation's financial practices, particularly regarding transparency with its board. The tax form was not distributed to the board before filing, and there were issues related to loans to or from officers, which were not adequately addressed. These factors contributed to lower scores in certain areas, indicating room for improvement in their overall governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Asante Foundation legitimate?
Asante Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asante 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: $1,379,128
For more financial information, click here
Official website here: www.asante.org/giving/
What is the mission statement of Asante Foundation?
The Asante Foundation is dedicated to raising funds and in-kind donations to support the exempt purpose of Asante, a healthcare system that caters to the healthcare needs of citizens in Oregon and California. During the tax year, the foundation successfully raised over $24 million for various departments and capital projects within Asante Healthcare System. Notably, over $12 million was donated for the expansion of a pavilion and over $5.5 million for the construction of a new cancer center. Additionally, the foundation supports numerous clinical departments at Rogue Regional Medical Center by donating funds to behavioral health programs, patient housing, and other essential services such as the imaging center, emergency department, and nurse education.
Official website here: www.asante.org/giving/
Who is the CEO of Asante Foundation?
Roy Vinyard is the Principal Officer of Asante Foundation. The CEO's salary of Asante Foundation is $0 and their total compensation is $1,699,573.
Official website here: www.asante.org/giving/
What is the revenue of Asante Foundation?
Asante Foundation's revenue in 2022 was $28,616,876.
Official website here: www.asante.org/giving/
Who are the executives of Asante Foundation and what are their salaries?
There 221 volunteers at Asante Foundation.
Here are 29 key members and their salaries (Asante Foundation's CEO's salary is $0 and their total compensation is $1,699,573):
- Compensation: $0
- Related: $1,665,840
- Other: $33,733
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- Related: $753,363
- Other: $40,467
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- Related: $376,204
- Other: $48,684
- Compensation: $0
- Related: $294,043
- Other: $47,952
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- Related: $199,529
- Other: $31,909
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Official website here: www.asante.org/giving/
Where can I find the form 990 for Asante Foundation?
Asante Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asante.org/giving/
Learn more at the official website: www.asante.org/giving/
Mission Statement of Asante Foundation
The Asante Foundation is a charitable organization dedicated to advancing the mission of Asante Healthcare System in Oregon and California. This 501(c)(3) entity raises funds and in-kind donations to support the healthcare needs of communities in the two states. In the recent fiscal year, the Asante Foundation achieved an impressive milestone by raising over $24 million in donations. A significant portion of these funds, amounting to over $12 million, went towards the expansion of the Pavilion and the construction of a new Cancer Center within the Asante Healthcare System.
Beyond capital projects, the Asante Foundation also extends its support to various clinical departments at Rogue Regional Medical Center in Medford, Oregon. One of the significant recipients of these donations is the Behavioral Health Programs, which received $273,000. Moreover, approximately $53,000 was donated to the Francis Cheney Family Place, an initiative offering affordable housing to patients traveling long distances for treatment. Other donations contribute to the Imaging Center, the Emergency Department, Nurse Education, Cancer Centers, and numerous other departments within the Asante Healthcare System. In summary, the Asante Foundation plays a crucial role in enhancing and expanding the capabilities of the Asante Healthcare System to better serve the healthcare needs of the communities it supports.
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Impact
October, 2024
Asante Foundation has significantly impacted healthcare services across Oregon and California by raising over $24 million in donations within a single fiscal year. These funds have been directed toward enhancing various departments and capital projects within the Asante Healthcare System. Notably, over $12 million was allocated for the expansion of the Pavilion, and more than $5.5 million was dedicated to the construction of a new cancer center.
Additionally, the Foundation plays a crucial role in supporting clinical departments at Rogue Regional Medical Center, a 378-bed facility in Medford, Oregon. Contributions include $273,000 for behavioral health programs and approximately $53,000 for the Francis Cheney Family Place, which provides affordable housing for patients traveling long distances for treatment. Other funded initiatives support the Imaging Center, Emergency Department, nurse education, and various cancer services, underlining the Foundation's comprehensive commitment to improving healthcare access and quality for the community it serves.
This information is meant to be a general summary of Asante 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: $2,088,374
- Gross Receipts: $28,616,876
Assets and Liabilities:
- Total Assets: $49,566,738
- Total Liabilities: $172,491
- Net Assets: $49,394,247
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Organization Details
Founding Year
1973
Phone
(541) 789-5590Principal Officer
Roy Vinyard
Main Address
229 BARTLETT STREET, MEDFORD, OR, 97504
Website
www.asante.org/giving/NTEE Category
Code: E22 - Health
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