Chi Health Foundation
- Assets
- $24.9m
- Revenue
- $2.5m
- Investments
- $24.6m
- Employees
- 10
- Location
- Omaha, NE
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 47-0648586
Organization Overview
Chi Health Foundation, operating under the name Alegent Creighton Health Foundation, is located in Omaha, NE. The organization was established in 1946. 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 06/2021, Alegent Creighton Health Foundation employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alegent Creighton Health 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 06/2020, Alegent Creighton Health Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alegent Creighton Health Foundation has awarded 27 individual grants totaling $10,146,531. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CORPORATION IS TO NURTURE THE HEALING MINISTRY OF THE CHURCH, SUPPORTED BY EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHI HEALTH FOUNDATION SUPPORTS THE HEALTHCARE MINISTRY OF ALEGENT CREIGHTON HEALTH SYSTEM. THE FOUNDATION DISTRIBUTED $1,021,982 TO IMMANUEL MEDICAL CENTER AND RELATED FACILITIES DURING FISCAL YEAR 2021. THE FOUNDATION PROVIDED SUPPORT IN THREE PRIMARY AREAS: (1) CAPITAL CONSTRUCTION AND RENOVATION PROJECTS; (2) GENERAL OPERATING SUPPORT; AND (3) REHABILITATION CENTER EQUIPMENT AND PROGRAMS.
CHI HEALTH FOUNDATION SUPPORTS THE HEALTHCARE MINISTRY OF ALEGENT CREIGHTON HEALTH SYSTEM. THE FOUNDATION DISTRIBUTED $616,820 TO BERGAN MERCY HEALTH SYSTEM AND RELATED FACILITIES DURING FISCAL YEAR 2021.
CHI HEALTH FOUNDATION DISTRIBUTED $325,546 TO ALEGENT CREIGHTON HEALTH SERVICE LINES, CHI HEALTH LAKESIDE HOSPITAL, AND CHI HEALTH MIDLANDS HOSPITAL DURING FISCAL YEAR 2021. THE FOUNDATION PROVIDED SUPPORT IN FOUR PRIMARY AREAS:(1) WOMEN AND CHILDREN SERVICES;(2) NURSING SERVICES;(3) HOSPICE CARE; AND(4) GENERAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Bertolini VP Philanthropy | Officer | 40 | $293,055 |
Craig Saigh Chair | OfficerTrustee | 1 | $0 |
Jeanette Wojtalewicz Board Member/cfo, Chi Health | Officer | 1 | $0 |
Nick Otool Interim CFO | Officer | 1 | $0 |
Thomas Belford Director | Trustee | 1 | $0 |
John Andrews Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,116 |
| Investment income | $489,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $825,353 |
| Net Income from Fundraising Events | $4,626 |
| Net Income from Gaming Activities | $2,600 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,450,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $19,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $413,957 |
| Pension plan accruals and contributions | $65,163 |
| Other employee benefits | $152,469 |
| Payroll taxes | $72,931 |
| 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 | $12,282 |
| Fees for services: Other | $119,166 |
| Advertising and promotion | $4,234 |
| Office expenses | $13,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,731 |
| Travel | $13,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,104 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,673,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $96,641 |
| Accounts receivable, net | $20,483 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $24,565,063 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,205 |
| Total assets | $24,861,052 |
| Accounts payable and accrued expenses | $59,345 |
| Grants payable | $0 |
| Deferred revenue | $133,125 |
| 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 | $7,866,546 |
| Total liabilities | $8,059,016 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $16,802,036 |
Grants Awarded
Over the last fiscal year, Chi Health Foundation has awarded $1,964,348 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: GENERAL SUPPORT | $1,021,982 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $616,820 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $325,546 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chi Health Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Backer Family Charitable Trust Omaha, NE PURPOSE: GENERAL FUND | $45,000 |
Endowment Analysis
| Beg. Balance | $14,415,457 |
| Earnings | $370,095 |
| Net Contributions | $1,385,916 |
| Grants | $1,031,465 |
| Ending Balance | $15,140,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyoming Medical Center Foundation Casper, WY | $297,053,839 | $17,341,207 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |
Clarkson Regional Health Services Inc Omaha, NE | $904,409,181 | $106,113,529 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Saint Joseph Hospital Foundation Denver, CO | $14,523,673 | $3,923,974 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Vail Health Services Foundation Vail, CO | $33,706,997 | $6,061,877 |
Lifescape Sioux Falls, SD | $318,250 | $4,148,590 |
Wyandotte Health Foundation Kansas City, KS | $36,426,875 | $1,147,050 |