Overview
What is Bakersfield Memorial Hospital Foundation?
Bakersfield Memorial Hospital Foundation is a nonprofit organization situated in Bakersfield, California. Its primary objective is to contribute financially to Bakersfield Memorial Hospital, aiding in the acquisition of new equipment and supporting various healthcare service programs. The foundation's activities encompass a wide range of initiatives, including funding for medical research, scholarships for medical and paramedical students, and programs aimed at enhancing the delivery of healthcare services in the region. These endeavors aim to extend the highest level of healthcare services to the largest number of people served by Bakersfield Memorial Hospital and its affiliated entities.
Official website here: www.supportbakersfield.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Bakersfield Memorial Hospital Foundation has received a Four-Star out of Four Star rating from Charity Navigator, indicating strong performance in accountability and finance. The 90% score reflects a well-managed organization, particularly highlighted by its independent board members and excellent financial oversight. The foundation has no reported material diversion of assets, showcasing its commitment to ethical practices.
A significant strength lies in its high program expense ratio of 71.68%, which indicates that a large portion of funds is directed towards its mission-driven activities. Additionally, the organization maintains a strong fundraising efficiency ratio, raising $0.13 for every dollar spent on fundraising, which suggests effective resource allocation.
However, there are noted limitations, including the absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. While these omissions do not detract from the foundation's overall score, they may raise concerns regarding governance practices that could be further improved for enhanced transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Bakersfield Memorial Hospital Foundation legitimate?
Bakersfield Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bakersfield Memorial 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: $114,642
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,841
For more financial information, click here
Official website here: www.supportbakersfield.org
What is the mission statement of Bakersfield Memorial Hospital Foundation?
The Bakersfield Memorial Hospital Foundation's primary goal is to raise and allocate financial resources to enhance and modernize the facilities of Memorial Health Systems, Inc., and Bakersfield Memorial Hospital, thereby extending health care services to a larger population. The foundation's activities may encompass a wide range, including funding medical research, establishing scholarships for medical and paramedical students, and supporting programs, facilities, or equipment to improve health service delivery. The organization primarily makes distributions to Bakersfield Memorial Hospital to help cover the costs of acquiring new equipment and supporting health care service programs. While the mission statement is detailed in the organization's tax filings, it essentially aims to improve health care services and accessibility for a broader population.
Official website here: www.supportbakersfield.org
Who is the CEO of Bakersfield Memorial Hospital Foundation?
Caryl A Schweitzer is the Hospital Ceo of Bakersfield Memorial Hospital Foundation. The CEO's salary of Bakersfield Memorial Hospital Foundation is $0 and their total compensation is $0.
Official website here: www.supportbakersfield.org
What is the revenue of Bakersfield Memorial Hospital Foundation?
Bakersfield Memorial Hospital Foundation's revenue in 2022 was $2,763,258.
Official website here: www.supportbakersfield.org
Who are the executives of Bakersfield Memorial Hospital Foundation and what are their salaries?
There 30 volunteers at Bakersfield Memorial Hospital Foundation.
Here are 36 key members and their salaries (Bakersfield Memorial Hospital Foundation's CEO's salary is $0 and their total compensation is $0):
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- Related: $102,290
- Other: $27,013
Official website here: www.supportbakersfield.org
Where can I find the form 990 for Bakersfield Memorial Hospital Foundation?
Bakersfield Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supportbakersfield.org
Learn more at the official website: www.supportbakersfield.org
Mission Statement of Bakersfield Memorial Hospital Foundation
Bakersfield Memorial Hospital Foundation, a nonprofit organization, is dedicated to securing and extending financial aid towards the operation, maintenance, and modernization of facilities under Memorial Health Systems, Inc., and Bakersfield Memorial Hospital and its affiliated entities. This mission aims to extend the greatest amount of healthcare services to the largest number of individuals served by these entities. The organization's activities can span a broad spectrum, including the establishment of medical research endowments, medical and paramedical scholarships, and funding for programs, facilities, or equipment to enhance the delivery of healthcare services.
In simpler terms, the Bakersfield Memorial Hospital Foundation serves as a financial backbone, providing support to Memorial Health Systems, Inc., and Bakersfield Memorial Hospital, helping them acquire new equipment and sustain healthcare service programs. The ultimate goal is to improve the overall healthcare services available to the community, ensuring that as many people as possible can benefit from these facilities and services.
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Impact
July, 2024
Bakersfield Memorial Hospital Foundation impacts the community by providing financial aid for the operation, maintenance, and modernization of facilities at Memorial Health Systems, Inc., and Bakersfield Memorial Hospital. This support allows for the extension of healthcare services to a greater number of individuals served by these entities. The foundation's activities may range from endowing medical research to funding scholarships for medical and paramedical education, as well as enhancing healthcare delivery through programs, facilities, and equipment. Through these efforts, the foundation plays a vital role in improving healthcare services in the Bakersfield area.
This information is meant to be a general summary of Bakersfield Memorial 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: $135,229
- Gross Receipts: $2,817,195
Assets and Liabilities:
- Total Assets: $6,587,629
- Total Liabilities: $8,560
- Net Assets: $6,579,069
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Organization Details
Founding Year
1998
Phone
(661) 327-1792Principal Officer
Caryl A Schweitzer
Main Address
PO BOX 2401, BAKERSFIELD, CA, 933032401
Website
www.supportbakersfield.orgNTEE Category
Code: E22J - Health
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