Overview
What is Providence Facey Medical Foundation?
The Providence Facey Medical Foundation is a nonprofit organization based in Los Angeles, California. It is part of the larger Providence family of organizations that includes hospitals, clinics, and healthcare services across seven western states. Their mission is to advocate for vulnerable populations and needed reforms in healthcare, keeping people healthy, and making services more convenient, accessible, and affordable for all. With over 117,000 caregivers, they serve millions of lives by responding to community needs and improving health and well-being through equitable access to quality care. The organization is committed to social responsibility, including diversity, equity, inclusion, and environmental stewardship. They have achieved a 13% reduction in carbon emissions from their acute care facilities since 2019. Through direct patient medical care, health education classes, and community benefit programs, Providence is dedicated to serving all, especially the poor and vulnerable.
Official website here: www.facey.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Providence Facey Medical Foundation has received a commendable Three-Star rating from Charity Navigator, primarily based on its strong performance in Accountability & Finance, which accounts for 100% of its score. The foundation scored 81%, reflecting effective financial management and governance practices.
Strengths of the organization include a fully independent board, with 65% of its members being independent, and it has received full points for its financial oversight measures, including an audit and oversight committee. Additionally, the foundation demonstrates a high program expense ratio of 95.14%, indicating that a significant portion of its budget is allocated directly to its charitable programs rather than administrative costs.
While the rating is positive, it is important to note that the foundation's score is solely based on one beacon category. This could suggest a limitation in assessing the overall impact and effectiveness of its programs beyond financial accountability. Nonetheless, the existing governance policies and financial practices position the foundation as a reliable nonprofit in the healthcare sector.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Facey Medical Foundation legitimate?
Providence Facey Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Facey 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: $582,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,524,730
For more financial information, click here
Official website here: www.facey.com
What is the mission statement of Providence Facey Medical Foundation?
The Providence Facey Medical Foundation is dedicated to expressing God's healing love through the ministry of Jesus, serving all, particularly those who are poor and vulnerable. They advocate for the needs of vulnerable populations and necessary healthcare reforms. The organization is committed to keeping people healthy, making healthcare services more convenient, accessible, and affordable for everyone, regardless of coverage or ability to pay. Through their community benefit programs and high-impact investments, they work to ensure basic health needs are met, remove barriers to care, and innovate for the future. They serve millions of lives and enhance the health of their communities, transforming care for the next generation and beyond. The organization also strives to address social, racial, and economic disparities in the communities they serve as part of their commitment to diversity, equity, and inclusion.
Official website here: www.facey.com
Who is the CEO of Providence Facey Medical Foundation?
Melayne Yocum is the Director of Providence Facey Medical Foundation. The CEO's salary of Providence Facey Medical Foundation is $0 and their total compensation is $947,850.
Official website here: www.facey.com
What is the revenue of Providence Facey Medical Foundation?
Providence Facey Medical Foundation's revenue in 2022 was $421,294,868.
Official website here: www.facey.com
Who are the executives of Providence Facey Medical Foundation and what are their salaries?
The average compensation at Providence Facey Medical Foundation during 2022 was $52,158. There are 1440 employees at Providence Facey Medical Foundation.
Here are 35 key members and their salaries (Providence Facey Medical Foundation's CEO's salary is $0 and their total compensation is $947,850):
- Compensation: $0
- Related: $4,701,760
- Other: $400,152
- Compensation: $0
- Related: $3,802,673
- Other: $8,688
- Compensation: $0
- Related: $3,485,676
- Other: $282,559
- Compensation: $0
- Related: $2,756,394
- Other: $39,523
- Compensation: $0
- Related: $2,157,414
- Other: $35,815
- Compensation: $0
- Related: $2,090,589
- Other: $1,570
- Compensation: $0
- Related: $1,791,950
- Other: $216,860
- Compensation: $0
- Related: $1,743,754
- Other: $11,047
- Compensation: $0
- Related: $1,135,327
- Other: $157,497
- Compensation: $0
- Related: $921,359
- Other: $149,944
- Compensation: $0
- Related: $886,113
- Other: $172,052
- Compensation: $0
- Related: $837,237
- Other: $124,389
- Compensation: $0
- Related: $846,712
- Other: $101,138
- Compensation: $517,191
- Related: $0
- Other: $65,269
- Compensation: $0
- Related: $507,005
- Other: $31,471
- Compensation: $304,428
- Related: $0
- Other: $47,714
- Compensation: $0
- Related: $256,992
- Other: $31,183
- Compensation: $232,060
- Related: $0
- Other: $34,684
- Compensation: $227,607
- Related: $0
- Other: $36,109
- Compensation: $235,271
- Related: $0
- Other: $27,168
- Compensation: $242,592
- Related: $0
- Other: $13,979
- Compensation: $0
- Related: $146,754
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.facey.com
Where can I find the form 990 for Providence Facey Medical Foundation?
Providence Facey Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facey.com
Learn more at the official website: www.facey.com
Mission Statement of Providence Facey Medical Foundation
Providence Facey Medical Foundation, an expressions of God's healing love, is a steadfast organization that serves all, with a special focus on those who are poor and vulnerable. The mission of this foundation is to advocate for vulnerable populations and needed reforms in healthcare. They are also pursuing innovative ways to transform healthcare by keeping people healthy and making their services more convenient, accessible, and affordable for everyone, regardless of coverage or ability to pay.
Through their voice, Providence Facey Medical Foundation works towards improving health and well-being and increasing equitable access to quality care at the community level and at scale. As a comprehensive healthcare organization, they serve millions of lives across seven states through 51 hospitals, 1,000 clinics, and a range of health and social services. Their 117,000 caregivers, or employees, are committed to delivering high-quality, compassionate care to everyone.
The foundation's Ministries and Affiliates support organizations, programs, and initiatives that improve health and well-being and address social, racial, and economic disparities in the communities they serve. Providence is proud of their history and continued commitment to helping build a more equitable, sustainable future. Through their community benefit programs and high-impact investments, they aim to remove barriers to care, build community resilience, and innovate for the future.
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Impact
October, 2024
Providence Facey Medical Foundation significantly enhances health care access and quality for underserved communities, focusing on those who are poor and vulnerable. By advocating for needed reforms in health care, it ensures that essential services are not only available but also equitable, accessible, and affordable.
With a commitment to innovative health care solutions, the Foundation operates across seven Western states, engaging 117,000 caregivers in 51 hospitals and 1,000 clinics. This expansive network enables them to address millions of lives, continuing a rich legacy of over 100 years in serving those in need.
Through community benefit programs and targeted investments, the Foundation tackles barriers to care, builds community resilience, and implements strategies to improve health outcomes. Their approach includes direct patient medical care, health education, and the provision of diverse services tailored to community needs.
The Foundation also prioritizes social responsibility, emphasizing diversity, equity, and environmental stewardship as integral components of its mission. Such initiatives aim to address social and economic disparities and promote sustainable practices within the healthcare system. By focusing on holistic community health improvement, Providence Facey Medical Foundation embodies a commitment to compassionate care that extends beyond traditional boundaries.
This information is meant to be a general summary of Providence Facey 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: $3,944,661
- Program Service Revenue: $403,242,363
- Gross Receipts: $421,417,082
Assets and Liabilities:
- Total Assets: $249,641,420
- Total Liabilities: $221,296,493
- Net Assets: $28,344,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$357,795,980
INTERAFFILIATE REVENUE
Revenue
$46,247,844
HEALTHCARE JVS
Revenue
-$801,461
Organization Details
Founding Year
1991
Phone
(818) 365-9531Principal Officer
Melayne Yocum
Main Address
1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA, 98057
Website
www.facey.comNTEE Category
Code: E30 - Health
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