Overview
What is Valley Children's Healthcare Foundation?
Valley Children's Healthcare Foundation is a charitable tax-exempt organization based in Madera, California. The foundation supports Valley Children's Healthcare and its affiliated entities by generating funds for their goals. With a substantial contribution of $22,760,857, these funds are allocated towards equipment and operational expenses for the nonprofit hospital. Valley Children's Healthcare Foundation's mission aligns with that of the hospital, ensuring resources are available for the betterment of their causes.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
Valley Children's Healthcare Foundation has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and transparency in financial practices. With an accountability and finance score of 95, the organization demonstrates effective management of resources, as noted by its solid program expense ratio of over 80%. The foundation maintains a robust financial oversight system, evident through its perfect scores in audit and oversight processes, with no material diversions of assets reported.
The foundation has a high percentage of independent board members at 81%, which enhances governance and decision-making. Additionally, the organization has policies in place for conflict of interest, whistleblower protections, and document retention, further showcasing its commitment to ethical practices. However, while the culture and community score of 85 indicates a positive environment, there is room for improvement in this area to foster even greater community engagement and support.
Despite its strengths, the organization does have a fundraising efficiency ratio of $0.12, indicating a need for potential optimization in fundraising efforts to maximize revenue. Overall, Valley Children's Healthcare Foundation appears to have a solid financial footing and governance structure, but ongoing enhancements in community engagement and fundraising strategies could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Valley Children's Healthcare Foundation legitimate?
Valley Children's Healthcare Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Children's Healthcare 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: $423,702
Other Salaries and Wages: $1,854,846
For more financial information, click here
What is the mission statement of Valley Children's Healthcare Foundation?
The Valley Children's Healthcare Foundation is a charitable tax-exempt organization that supports the goals of Valley Children's Healthcare and its affiliated entities. The foundation's primary mission is to generate funds to aid Valley Children's Healthcare in its operational expenses and equipment needs. Through various fundraising efforts, the foundation aims to contribute significantly, with over $22 million in distributions reported. By providing financial support, the foundation plays a crucial role in ensuring Valley Children's Healthcare can continue its mission to deliver quality pediatric healthcare services.
Who is the CEO of Valley Children's Healthcare Foundation?
Robert Saroyan is the Treasurer, Cfo of Valley Children's Healthcare Foundation.
What is the revenue of Valley Children's Healthcare Foundation?
Valley Children's Healthcare Foundation's revenue in 2022 was $28,807,823.
Who are the executives of Valley Children's Healthcare Foundation and what are their salaries?
There 19 volunteers at Valley Children's Healthcare Foundation.
Here are 26 key members and their salaries:
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- Related: $2,841,006
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- Related: $25,903
- Other: $1,394
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- Related: $5,107,768
- Other: $65,662
Where can I find the form 990 for Valley Children's Healthcare Foundation?
Valley Children's Healthcare Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Valley Children's Healthcare Foundation
Valley Children's Healthcare Foundation, a charitable tax-exempt organization, is dedicated to raising funds to support the goals of Valley Children's Healthcare and its affiliated entities. In simple terms, the Foundation's mission is to generate substantial financial resources to bolster the initiatives and day-to-day operations of Valley Children's Healthcare and its associated organizations.
Valley Children's Healthcare Foundation plays a crucial role in securing the necessary funds for Valley Children's Healthcare, a nonprofit organization, to carry out its vital work in the healthcare sector. These funds are allocated to cover both the operational expenses and the purchase of equipment for Valley Children's Healthcare and its affiliated entities. By doing so, the Foundation enables the healthcare organization to continue providing top-notch care to its young patients.
The Foundation's commitment to raising funds contributes significantly to the overall impact and success of Valley Children's Healthcare. The organization's accomplishments include distributing a substantial sum of $22,760,857 towards the nonprofit hospital. This financial support is a testament to the Foundation's unwavering dedication and its ability to generate substantial resources to support the healthcare organization and its affiliated entities in their mission to provide the best possible care for children.
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Impact
October, 2024
Valley Children's Healthcare Foundation significantly impacts pediatric healthcare by generating vital funds that support Valley Children's Healthcare and its associated facilities. In its efforts, the Foundation has directed over $22.7 million to Valley Children's Hospital, ensuring that critical equipment and operational expenses are covered. This financial support enables the hospital to enhance services and improve care for children, thereby positively influencing the health outcomes of the community it serves. By facilitating access to advanced medical technology and resources, Valley Children's Healthcare Foundation plays a crucial role in fostering a healthier future for children in Madera, California, and surrounding areas.
This information is meant to be a general summary of Valley Children's Healthcare 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: $1,075,008
- Gross Receipts: $39,482,179
Assets and Liabilities:
- Total Assets: $33,421,441
- Total Liabilities: $144,103
- Net Assets: $33,277,338
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Organization Details
Founding Year
1981
Phone
(559) 353-3000Principal Officer
Robert Saroyan
Main Address
9300 VALLEY CHILDRENS PLACE, MADERA, CA, 936368762
NTEE Category
Code: E12 - Health
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