St Anthony Medical Center Inc

Organization Overview

St Anthony Medical Center Inc, operating under the name SAMC Inc, is located in Lemont, IL. The organization was established in 1978. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. SAMC Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZED AND OPERATED EXCLUSIVELY FOR THE CHARITABLE AND RELIGIOUS PURPOSE TO SUPPORT A MINISTRIES OF THE FRANCISCAN SISTERS OF CHICAGO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUBSTANTIALLY ALL THE ASSETS OF SAMC, INC. WERE SOLD IN FISCAL 1989. THE ST. ANTHONY MEDICAL CENTER, INC. RETIREMENT PLAN WAS AMENDED EFFECTIVE MARCH 31, 2012 IN ORDER TO EFFECTUATE THE TERMINATION AND ORDERLY LIQUIDATION OF THE PLAN. FRANCISCAN MINISTRIES WAS A DEFENDANT IN A CLASS ACTION LAWSUIT FILED IN CONJUNCTION WITH THE TERMINATION OF AND ORDERLY LIQUIDATION OF THE PLAN. THE PARTIES REACHED A SETTLEMENT OF $4,000,000, WHICH WAS PAID IN AUGUST 2019. THE LITIGATION SETTLEMENT WAS RECORDED AT JUNE 30,2019 AS LITIGATION SETTLEMENT. NO ACTIVITY OTHER THAN WIND DOWN ADMINISTRATIVE EXPENSES WERE RECORDED IN FY2021.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Assistant Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $0

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