Christus St Michael Foundation
- Assets
- $6.8m
- Revenue
- $659.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 47-1655865
Organization Overview
Christus St Michael Foundation is located in Texarkana, TX. The organization was established in 1946. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Christus St Michael Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE PHILANTHROPIC NEEDS OF CHRISTUS HEALTH ARK-LA-TEX BY SOLICITING AND DISTRIBUTING CONTRIBUTIONS IN SUPPORT OF HEALTHCARE SERVICES IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROMOTE PHILANTHROPY AND CHARITABLE GIVING TO PROVIDE RESOURCES TO ENHANCE THE ABILITY OF CHRISTUS HEALTH ARK-LA-TEX IN ITS MISSION OF EXTENDING THE HEALING MINISTRY OF JESUS CHRIST BY PROVIDING FOR THE COMMUNITY'S HEALTH NEEDS. IN FURTHERANCE OF THOSE PURPOSES, THE FOUNDATION SHALL SOLICIT AND RECEIVE CHARITABLE GIFTS AND GRANTS TO ADMINISTER AND INVEST AND REINVEST THE SAME AND TO APPLY THE WHOLE OR ANY PART OF THE INCOME AND THE PRINCIPAL EXCLUSIVELY FOR THE BENEFIT OF THE HEALTH CARE FACILITIES, SERVICES AND HEALTHY COMMUNITY PROGRAMS SUPPORTED OR OPERATED BY CHRISTUS HEALTH ARK-LA-TEX WITHIN ITS SERVICE AREA,FOR SO LONG AS CHRISTUS HEALTH ARK-LA-TEX QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C )(3) OF THE INTERNAL REVENUE CODE OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT CODE OR FEDERAL TAX LAW.
THE PRIMARY PURPOSE OF THE CORPORATION IS TO PROMOTE PHILANTHROPY AND CHARITABLE GIVING TO PROVIDE RESOURCES TO ENHANCE THE ABILITY OF CHRISTUS HEALTH ARK-LA-TEX IN ITS MISSION OF EXTENDING THE HEALING MINISTRY OF JESUS CHRIST BY PROVIDING FOR THE COMMUNITY'S HEALTH NEEDS. IN FURTHERANCE OF THOSE PURPOSES, THE FOUNDATION SHALL SOLICIT AND RECEIVE CHARITABLE GIFTS AND GRANTS TO ADMINISTER AND INVEST AND REINVEST THE SAME AND TO APPLY THE WHOLE OR ANY PART OF THE INCOME AND THE PRINCIPAL EXCLUSIVELY FOR THE BENEFIT OF THE HEALTH CARE FACILITIES, SERVICES AND HEALTHY COMMUNITY PROGRAMS SUPPORTED OR OPERATED BY CHRISTUS HEALTH ARK-LA-TEX WITHIN ITS SERVICE AREA,FOR SO LONG AS CHRISTUS HEALTH ARK-LA-TEX QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501 (C )(3) OF THE INTERNAL REVENUE CODE OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT CODE OR FEDERAL TAX LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Joyce Jr Vice Chair | OfficerTrustee | 3 | $0 |
Glen Boles Treasurer | OfficerTrustee | 1 | $0 |
Greg Giles Chair | OfficerTrustee | 3 | $0 |
Jason Rounds Term 021221 President | OfficerTrustee | 1 | $0 |
Jason Adams As Of 021521 President | OfficerTrustee | 2 | $0 |
Ashley Klimaszewski Assistant Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $157,411 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,207 |
| Noncash contributions included in lines 1a–1f | $142,411 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,618 |
| Total Program Service Revenue | $0 |
| Investment income | $103,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $659,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $818,504 |
| 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 | $98,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,239 |
| Payroll taxes | $7,925 |
| 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 | $25,674 |
| Fees for services: Other | $14,063 |
| Advertising and promotion | $0 |
| Office expenses | $11,407 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,623 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $416 |
| Total functional expenses | $988,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,274 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $3,161,995 |
| Investments—other securities | $3,626,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,814,985 |
| Accounts payable and accrued expenses | $3,965 |
| 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 | $0 |
| Total liabilities | $3,965 |
| Net assets without donor restrictions | $6,306,602 |
| Net assets with donor restrictions | $504,418 |
| 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 | $6,814,985 |
Grants Awarded
Over the last fiscal year, Christus St Michael Foundation has awarded $1,637,010 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Texarkana, TX PURPOSE: PATIENT ACCOUNT AND CAPITAL PROJECTS | $748,505 |
Texarkana, TX PURPOSE: PATIENT ACCOUNT AND CAPITAL PROJECTS | $748,505 |
Texarkana, TX PURPOSE: PREMIUM SUPPORT PROGRAM | $70,000 |
Texarkana, TX PURPOSE: PREMIUM SUPPORT PROGRAM | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Christus St Michael Foundation has recieved totaling $40,711.
| Awarding Organization | Amount |
|---|---|
Patterson Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $17,500 |
Cabe Cook Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSES | $15,000 |
Kelley & Morgan Families Foundation Texarkana, TX PURPOSE: FURTHERANCE OF EXEMPT PURPOSE | $5,000 |
Billy And Ila Hinton Charitable Tr Tupelo, MS PURPOSE: PROGRAM SUPPORT | $3,211 |
Endowment Analysis
| Beg. Balance | $5,662,121 |
| Earnings | $895,044 |
| Admin Expense | $20,214 |
| Net Contributions | $24,251 |
| Other Expense | $250,000 |
| Grants | $6,460 |
| Ending Balance | $6,304,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |