BBB Wise Giving Report for
Mission Healthcare Foundation

BBB Wise Giving Report issued May 2011
BBB Wise Giving Report expires May 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Mission Healthcare Foundation
Address: 980 Hendersonville Road, Suite C
  Asheville, NC 28806
Phone: 828-213-1020
Web Address: www.missionhealthcarefoundation.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated:
Affiliates: Mission Health System, Inc.
Stated Purpose: "to connect the generosity of a caring community with opportunities to improve the lives of others through better healthcare."

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Evaluation Conclusions

               

Mission Healthcare Foundation (The Foundation) meets the 20 Standards for Charity Accountability.
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Programs

               

The Foundation seeks to provide financial support, via charitable gifts and grants, to programs and projects related to Mission Hospital, an 800-bed tertiary medical center located in Asheville, NC. It also provides financial support to Mission Children's Hospital. Some of The Foundation’s initiatives include a new Heart Center building, a mobile children's dental service for rural areas in the region, continuing education funds for Mission nurses, a Neonatal Intensive Care Unit and Mother/Baby Unit renovation project, a second helicopter ambulance, electronic medical record system research, a new Mission Children's Outpatient building, and a new full-service Cancer Center.

For the fiscal year ended September 30, 2010, The Foundation's program expenses were:

  
Capital projects 2,753,777
Trauma services 1,398,154
Other services 999,347
Children's services 621,880
Women's services 621,615
Education projects 425,278
Cancer services 317,666
Community impact programs 269,600
Info technology programs 265,469
Senior services 178,251
Employee assistance programs 79,434
Heart services 26,374
Diabetes services 293
Total Program Expenses: $7,957,138
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Governance

               

Chief Executive : Bruce D. Thorsen, President
Compensation*:
 $262,711

Chair of the Board: W. Leon Elliston, M.D.
Chair's Profession / Business Affiliation: Physician

Board Size: 33

Paid Staff Size: 15

*October 1, 2008 - September 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, telemarketing, special events, print advertisements, television, radio, grant proposals, Internet appeals, planned giving, cause-related marketing, and membership appeals.
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $15,835,152, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on The Foundation's audited financial statements for the fiscal year ended September 30, 2010.

Source of Funds  
Contributions and grants 14,435,152
Contribution from Mission Health 1,400,000
Net investment income 1,187,479
Net change in value of split-interest agreements -95,374
Total Income $16,927,257


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 11%  Administrative: 10% 

Total income   $16,927,257
  Program expenses $7,957,138
  Fund raising expenses 1,128,293
  Administrative expenses 1,052,824
 
Total expenses   $10,138,255
Income in Excess of Expenses   6,789,002
Beginning net assets   15,052,117
Ending net assets   21,841,119
Total liabilities   2,073,843
Total assets   $23,914,962

Note: According to The Foundation's audited financial statements for the year ended September 30, 2010, the organization received $745,417 in in-kind contributions including medical equipment/trailers ($571,169), medical supplies ($165,608), pharmaceuticals ($4,901), children's supplies ($3,204), and fund raising ($535).

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