Ascension St Marys Foundation
- Assets
- $31.0m
- Revenue
- $2.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 38-2246366
Organization Overview
Ascension St Marys Foundation, operating under the name Children's Free Ward Association Of St Mary's Hospital Of Saginaw Michigan, is located in St Louis, MO. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Children's Free Ward Association Of St Mary's Hospital Of Saginaw Michigan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Children's Free Ward Association Of St Mary's Hospital Of Saginaw Michigan generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Children's Free Ward Association Of St Mary's Hospital Of Saginaw Michigan has awarded 18 individual grants totaling $4,841,922. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ASCENSION ST. MARY'S HOSPITAL, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
ASCENSION ST. MARY'S FOUNDATION HAS INSPIRED HOPE BY PROVIDING THE BEST CARE TO YOU, YOUR FAMILY, FRIENDS AND NEIGHBORS. TODAY, YOUR GENEROSITY IS AT THE HEART OF SUSTAINING THAT MISSION. YOUR FINANCIAL SUPPORT HELPS US MAKE THE BROADEST POSSIBLE IMPACT ON HEALTH AND LIFE IN THE GREAT LAKES BAY REGION AND BEYOND - EXPANDING AN UNPARALLELED PATIENT EXPERIENCE TO ALL. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.
DURING THE PAST 18 MONTHS, ASCENSION ST. MARY'S FOUNDATION HAS FUNDED THE FOLLOWING LIFE-SAVING EQUIPMENT, PROGRAM SUPPLIES AND MORE: SETON CANCER INSTITUTE, SAGINAW RENOVATIONS; CARDIAC CATH LAB; CT SIMULATORS; DIGITAL MAMMOGRAPHY; CENTER OF HOPE PROGRAM SUPPORT; STANDISH HOSPITAL SKILLED NURSING KITCHEN RENOVATION - STANDISH DEVELOPMENT FUND; GUARDIAN ANGEL RESPITE AND ADULT DAY PROGRAM SUPPORT; EDUCATIONAL SCHOLARSHIPS FOR LOCAL STUDENTS AND HOSPITAL ASSOCIATES; EMG NEURO SYSTEM; FLIGHTCARE EQUIPMENT AND FLIGHT HOUSE RENOVATIONS; LAB SPECIMAN EQUIPMENT; SENIOR LIFE SOLUTIONS TRANSPORTATION VAN - STANDISH DEVELOPMENT FUND DONATIONS ARE USED FOR UPDATING FACILITIES AND TECHNOLOGY TO ENHANCE THE LEVEL OF HEALTH CARE SERVICES. DONATIONS ARE RESTRICTED FOR BOARD-APPROVED PROJECTS, AND ARE NOT USED FOR HOSPITAL OPERATIONS OR SALARIES. YOUR TAX-DEDUCTIBLE GIFT WILL HELP US PROVIDE THE BEST CARE TO EVERY PATIENT.
DUE TO COVID RESTRICTIONS, ASCENSTION ST. MARY'S FOUNDATION TRANSITIONED ITS ANNUAL IN-PERSON CORNETTE BALL TO A VIRTUAL EVENT WITH GREAT SUCCESS. MUCH OF THE YEAR, ASCENSION ST. MARY'S FOUNDATION SUPPORTED ITS LOCAL FRONTLINE WORKERS WITH ASSOCIATE HARDSHIP SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer (end 11/2017) | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,155 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,663 |
| Noncash contributions included in lines 1a–1f | $21,945 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,818 |
| Total Program Service Revenue | $0 |
| Investment income | $1,897,323 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,611 |
| Net Income from Gaming Activities | $1,115 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,225,102 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $638,954 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,863 |
| Fees for services: Other | $0 |
| Advertising and promotion | $312 |
| Office expenses | $12,997 |
| Information technology | $2,895 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,147 |
| Insurance | $0 |
| All other expenses | $5,351 |
| Total functional expenses | $1,329,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $2,458,828 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,902 |
| Investments—publicly traded securities | $11,402,882 |
| Investments—other securities | $15,578,599 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,514,849 |
| Total assets | $30,958,560 |
| Accounts payable and accrued expenses | $48,487 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,859 |
| Total liabilities | $114,346 |
| Net assets without donor restrictions | $27,143,266 |
| Net assets with donor restrictions | $3,700,948 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,958,560 |
Grants Awarded
Over the last fiscal year, Ascension St Marys Foundation has awarded $638,954 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: GENERAL SUPPORT | $557,504 |
Bay City, MI PURPOSE: COMMUNITY TRANSITION PROGRAM | $76,000 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $5,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ascension St Marys Foundation has recieved totaling $67,500.
| Awarding Organization | Amount |
|---|---|
Michigan Health And Hospital Association Okemos, MI PURPOSE: GRANT PASS THROUGH FOR COVID-19 | $67,500 |
Endowment Analysis
| Beg. Balance | $310,134 |
| Earnings | $164,461 |
| Other Expense | $9,957 |
| Ending Balance | $464,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Southern Illinois Laborers & Empl Health & Welfare Fund Marion, IL | $23,536,245 | $17,167,946 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |