Beacon Health System Inc

Organization Overview

Beacon Health System Inc is located in South Bend, IN. The organization was established in 2012. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Beacon Health System Inc employed 1,266 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Health System Inc 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 12/2021, Beacon Health System Inc generated $183.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $144.7m during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART.

Describe the Organization's Program Activity:

BEACON HEALTH SYSTEM, INC.(BEACON) IS THE PARENT OF ELKHART GENERAL HOSPITAL, INC., BEACON MEDICAL GROUP, INC., MEMORIAL HOSPITAL OF SOUTH BEND, INC., BEACON HEALTH FOUNDATION, INC., BEACON HEALTH VENTURES, INC., THREE RIVERS HEALTH HOSPITAL, INC., AND COMMUNITY HOSPITAL OF BREMEN, INC. BEACON PROVIDES COORDINATION FOR THE ORGANIZATIONS WITHIN THE SYSTEM IN SUCH MATTERS AS APPROVING BUDGETS, STRATEGIC PLANNING, MARKETING, ALLOCATING RESOURCES, SECURING TAX-EXEMPT BOND FINANCING AND PROVIDING COMMUNITY EDUCATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sp Consultantsinc
Software Maintenance
$1,131,252
Cerner Corporation
Is Sftwr Maintenance
$12,878,511
Change Healthcare Llc
Equip Maintenance
$1,853,307
Software Information Systems Llc
Software Maintenance
$2,132,193
Panzica Building Corporation
Construction
$2,306,199
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$349,446
Government grants $732,900
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$1,082,346
Total Program Service Revenue$116,731,727
Investment income $8,914,338
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $138,085
Net Gain/Loss on Asset Sales $42,203,406
Net Income from Fundraising Events -$134,901
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $183,611,094

Grants Awarded

Over the last fiscal year, Beacon Health System Inc has awarded $40,000 in support to 2 organizations.

Grant RecipientAmount

PROJECT LEAD THE WAY

PURPOSE: GENERAL SUPPORT

$30,000

ECONOMIC DEVELOPMENT CORP OF ELKHART

Org PageRecipient Profile

Elkhart, IN

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Beacon Health System Inc has recieved totaling $349,946.

Awarding OrganizationAmount
Beacon Health Foundation Inc

South Bend, IN

PURPOSE: To support scholarships and health system

$349,446
James R And Lesley B Anixter Family Foundation

Highland Park, IL

PURPOSE: TO FURTHER THE MISSION OF THE DONEE

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$37,554,313
Earnings$3,841,751
Net Contributions$3,126,708
Grants$1,536,648
Ending Balance$42,986,124

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