Saint Lukes Foundation
- Assets
- $257.4m
- Revenue
- $15.7m
- Investments
- $207.5m
- Employees
- 21
- Location
- Kansas City, MO
- Founding
- 08/1964
- Data as of
- 12/2023
- EIN
- 44-6014699
Organization Overview
Saint Lukes Foundation is located in Kansas City, MO. The organization was established in 1964. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Saint Lukes Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Lukes Foundation 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 12/2023, Saint Lukes Foundation generated $15.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saint Lukes Foundation has awarded 109 individual grants totaling $146,542,803. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND SUPPORT OF MEDICAL EDUCATION, RESEARCH, AND PATIENT CARE PROGRAMS FOR THE BENEFIT OF SAINT LUKE'S HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE FOUNDATION PROVIDED SUPPORT FOR THE FOLLOWING PROGRAM SERVICES: CAPITAL FACILITIES AND EQUIPMENT AT SAINT LUKE'S HEALTH SYSTEM ENTITIES. MEDICAL EDUCATION PROGRAMS - EXPENDITURES TO SUPPORT MEDICAL EDUCATION THROUGH ACTIVITIES OF MEDICAL CHAIR HOLDERS, RESIDENCY, AND FELLOWSHIP PROGRAMS. RESEARCH PROGRAMS - FUNDING PROVIDED MEDICAL RESEARCH PROJECTS. MEDICAL PROGRAMS - PROJECTS TO ENHANCE THE DELIVERY OF CARE AND EXCELLENCE OF SAINT LUKE'S HEALTH SYSTEM MEDICAL PROGRAMS. SCHOLARSHIPS AND AWARDS - EDUCATIONAL FUNDS FOR SCHOLARSHIPS OR AWARDS TO SYSTEM EMPLOYEES, HEALTHCARE STUDENTS AT LOCAL UNIVERSITIES, OR OTHER STUDENTS OF THE MEDICAL TECHNICAL SCHOOLS OF SAINT LUKE'S HEALTH SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer-Director | OfficerTrustee | 2 | $0 |
Name Not Listed Chairperson-Director | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary-Director | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair-Director | OfficerTrustee | 2 | $0 |
Name Not Listed CEO & Pres-Director | OfficerTrustee | 50 | $461,344 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weltner Equities Construction | 12/30/23 | $119,025 |
James Engle Custom Homes Construction | 12/30/23 | $1,241,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $82,847 |
| Membership dues | $0 |
| Fundraising events | $1,708,744 |
| Related organizations | $55,130 |
| Government grants | $518,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,788,291 |
| Noncash contributions included in lines 1a–1f | $555,707 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,153,925 |
| Total Program Service Revenue | $2,770,550 |
| Investment income | $446,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,605 |
| Net Rental Income | $351,337 |
| Net Gain/Loss on Asset Sales | $1,324,446 |
| Net Income from Fundraising Events | -$324,561 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,740,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,847,559 |
| Grants and other assistance to domestic individuals. | $52,948 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $559,736 |
| Compensation of current officers, directors, key employees. | $559,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,345,400 |
| Pension plan accruals and contributions | $174,120 |
| Other employee benefits | $305,869 |
| Payroll taxes | $175,867 |
| Fees for services: Management | $34,069 |
| Fees for services: Legal | $18,878 |
| Fees for services: Accounting | $55,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $302,998 |
| Fees for services: Other | $141,768 |
| Advertising and promotion | $147,396 |
| Office expenses | $71,517 |
| Information technology | $134,599 |
| Royalties | $0 |
| Occupancy | $627,944 |
| Travel | $54,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,889 |
| Insurance | $33,675 |
| All other expenses | $176,470 |
| Total functional expenses | $19,590,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,774,205 |
| Pledges and grants receivable | $4,913,393 |
| Accounts receivable, net | $149,465 |
| 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 | $74,014 |
| Net Land, buildings, and equipment | $13,109,310 |
| Investments—publicly traded securities | $15,877,018 |
| Investments—other securities | $207,498,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,047,356 |
| Total assets | $257,443,739 |
| Accounts payable and accrued expenses | $784,589 |
| Grants payable | $2,476,937 |
| 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 | $2,829,127 |
| Total liabilities | $6,090,653 |
| Net assets without donor restrictions | $23,541,553 |
| Net assets with donor restrictions | $227,811,533 |
| 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 | $257,443,739 |
Grants Awarded
Over the last fiscal year, Saint Lukes Foundation has awarded $14,315,831 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT LUKE'S HOSPITAL OF KANSAS CITY PURPOSE: Patient Care, Research | $11,268,345 |
SAINT LUKE'S PHYSICIAN GROUP PURPOSE: Patient Care, Research | $1,512,697 |
SAINT LUKE'S HOME CARE AND HOSPICE PURPOSE: Patient Care, Medical Research/Medical Programs | $410,732 |
SAINT LUKE'S NORTH HOSPITAL PURPOSE: Patient Care, Medical Research/Medical Programs | $176,065 |
SAINT LUKE'S EAST HOSPITAL PURPOSE: Patient Care, Medical Research/Medical Programs | $325,839 |
UNIVERSITY HEALTH FOUNDATION PURPOSE: Medical Education | $56,548 |