Overview
What is Banner Health Foundation?
The Banner Health Foundation, established in 2001, is a charitable organization based in Phoenix, Arizona, with a strong commitment to advancing healthcare solutions within the local community. They foster giving and invest donations into not-for-profit Banner Health's facilities and programs. With a workforce of around 26 employees, the foundation supports Banner Health's mission by securing and stewarding charitable contributions. These investments contribute to advancements in care, research, medical education, patient services, and various community benefits.
Official website here: www.bannerhealthfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Banner Health Foundation has achieved a 94% score, reflecting a strong Four-Star rating from Charity Navigator. This high rating indicates robust accountability and financial management, as evidenced by a 95 in the Accountability & Finance category. The organization demonstrates impressive program efficiency with a program expense ratio of nearly 94%, and a very low fundraising efficiency ratio of $0.02, indicative of effective fundraising practices.
The foundation also excels in leadership and adaptability, scoring a perfect 100 in that area, which highlights its strategic planning and ability to respond to changing circumstances. The organization benefits from a majority independent board, with 90% of its 30 members being independent, fostering a strong governance structure. Several positive practices are in place, including comprehensive tax form disclosures and a full score for its audit and oversight processes.
However, there are some areas for improvement, particularly in tax form handling, where it did not score well for distributing tax forms to the board before filing. Despite this, the foundation maintains a strong working capital ratio of 5.84 years and has no reported issues with material asset diversion, reinforcing its overall reputation as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Banner Health Foundation legitimate?
Banner Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Banner Health 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: $2,138,829
Professional Fundraising Fees: $213,717
Other Salaries and Wages: $1,821,786
For more financial information, click here
Official website here: www.bannerhealthfoundation.org
What is the mission statement of Banner Health Foundation?
The Banner Health Foundation plays a crucial role in raising and managing charitable contributions to support Banner Health's mission. Established in 2001, the foundation invests donations in facilities and programs that foster advancements in care, research, medical education, patient services, and community benefits. The Banner Health Foundation fosters a spirit of giving and brings healthcare solutions to life for the community. Contributions are channeled into Banner Health's not-for-profit facilities and programs to enhance health and wellness. With the support of individual donors, the public and private sectors, and numerous volunteers, the foundation has been an essential part of caring for Arizona's future since 1978.
Official website here: www.bannerhealthfoundation.org
Who is the CEO of Banner Health Foundation?
Unavailable The CEO's salary of Banner Health Foundation is $742,946 and their total compensation is $802,634.
Official website here: www.bannerhealthfoundation.org
What is the revenue of Banner Health Foundation?
Banner Health Foundation's revenue in 2022 was $30,126,773.
Official website here: www.bannerhealthfoundation.org
Who are the executives of Banner Health Foundation and what are their salaries?
The average compensation at Banner Health Foundation during 2022 was $152,331. There are 26 employees and 118 volunteers at Banner Health Foundation.
Here are 39 key members and their salaries (Banner Health Foundation's CEO's salary is $742,946 and their total compensation is $802,634):
- Compensation: $742,946
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- Other: $59,688
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- Related: $414,314
- Other: $35,101
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- Related: $709,977
- Other: $149,551
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- Compensation: $200,616
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- Other: $22,255
- Compensation: $286,413
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- Other: $31,555
- Compensation: $196,213
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- Other: $14,777
- Compensation: $236,878
- Related: $0
- Other: $21,626
- Compensation: $191,325
- Related: $0
- Other: $20,682
- Compensation: $284,437
- Related: $0
- Other: $35,835
Official website here: www.bannerhealthfoundation.org
Where can I find the form 990 for Banner Health Foundation?
Banner Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bannerhealthfoundation.org
Learn more at the official website: www.bannerhealthfoundation.org
Mission Statement of Banner Health Foundation
Banner Health Foundation, a charitable organization established in 2001, plays a pivotal role in raising and managing funds to support Banner Health's mission. The foundation invests in various facilities and programs that contribute to advancements in care, research, medical education, patient services, and community benefits. By making healthcare solutions a reality for the community, Banner Health Foundation fosters a spirit of giving and generosity.
Banner Health Foundation's primary focus is to secure and steward charitable contributions, which are then allocated to Banner Health's not-for-profit facilities and programs. These investments aim to enhance health and wellness, touching the lives of many. Since its inception in 1978, Banner Health Foundation has been supported by the generosity of individual donors, the public and private sectors, and hundreds of active volunteers. Their collective efforts have made a substantial impact on the community's access to quality healthcare and various related services.
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Impact
October, 2024
Banner Health Foundation significantly impacts the community by securing and managing charitable contributions that further advance healthcare solutions within Arizona. By investing in local not-for-profit facilities and programs, the foundation plays a crucial role in enhancing health and wellness initiatives. Since its establishment in 2001, it has focused on supporting advancements in care, research, medical education, and patient services, ensuring that these enhancements are directly beneficial to the community.
The foundation fosters a culture of giving, engaging individual donors, the public and private sectors, and a dedicated group of volunteers. This collective effort promotes the continuous improvement of healthcare services, contributing to better health outcomes and overall wellbeing for the residents of Arizona. Through its initiatives, Banner Health Foundation has been a steadfast partner in caring for the future of the region, making healthcare solutions a tangible reality for countless individuals and families.
This information is meant to be a general summary of Banner Health 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: $1,925,533
- Gross Receipts: $30,708,859
Assets and Liabilities:
- Total Assets: $144,074,291
- Total Liabilities: $5,980,394
- Net Assets: $138,093,897
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Organization Details
Founding Year
1978
Phone
(602) 747-4483Main Address
2901 N CENTRAL AVE 160, PHOENIX, AZ, 85012
NTEE Category
Code: E112 - Health
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