Beloit Health System Foundation Inc

Beloit Health System Foundation Inc is a 501(c)(3) nonprofit organization dedicated to supporting healthcare services in the state line area. It is a key part of the Beloit Health System, which aims to provide high-quality patient care by fostering a strong and healthy community[5].

Mission and Impact

The foundation's mission is to make a significant difference in healthcare services through the support of generous donors. These donors include patients, residents, physicians, employees, and businesses from the area. Their contributions enable Beloit Health System Foundation to continue its shared mission with Beloit Health System, enhancing healthcare services for current and future generations[5].

Financial Overview

Beloit Health System Foundation Inc reported a total revenue of $2.69 million and expenses of $2.67 million for the fiscal year ending December 2023. As of the same year, the foundation held total assets of $13.6 million and liabilities of $687,000. Contributions are the primary source of income, with no income reported from program services, investments, or other sources[2].

Governance

The foundation is governed by a Board of Directors, which includes key figures from the local community. These members come from diverse backgrounds and professions, ensuring a comprehensive approach to healthcare support. Notable members include Mark Leach (President), Derek Hahn (Chairperson), and Nicole Kovarik from Beloit Health System[5].

Executive Leadership

Tami Scarpetta, MPA, serves as the Executive Director of the Foundation, overseeing marketing and community relations. She brings extensive experience in nonprofit management and organizational development[5].

Tax Status

Donations to Beloit Health System Foundation Inc are tax-deductible, encouraging continued support for improving healthcare services in the region[5].