Sacred Heart Health System Inc
- Assets
- $1.0b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 7,521
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 59-0634434
Organization Overview
Sacred Heart Health System Inc, operating under the name See Schedule O, is located in St Louis, MO. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, See Schedule O employed 7,521 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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, See Schedule O generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 8.8% 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 2015, See Schedule O has awarded 56 individual grants totaling $13,741,634. 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 IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
SACRED HEART HEALTH SYSTEM, INC. HAS 1,018 LICENSED-BEDS ON 4 CAMPUSES THAT PROVIDE SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2021, SACRED HEART HEALTH SYSTEM, INC. TREATED 38,234 ADULTS AND CHILDREN FOR A TOTAL OF 188,644 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR 1,614,291 OUTPATIENT VISITS, WHICH INCLUDED 22,201 OUTPATIENT SURGERIES AND 172,613 EMERGENCY ROOM VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Key Employee (end 12/2017) | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pensacola Lung Group Mds Pa Medical Services | 6/29/21 | $3,190,650 |
Fresenius Management Services Medical Services | 6/29/21 | $2,538,919 |
Cardiothoracic & Vascular Surgical Medical Services | 6/29/21 | $3,007,106 |
Ams Sacred Heart Llc Anesthesia Services | 6/29/21 | $10,756,055 |
Gulf Coast Health System Imaging Llc Medical Services | 6/29/21 | $3,858,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,446,492 |
| Government grants | $32,394,983 |
| All other contributions, gifts, grants, and similar amounts not included above | $79 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,841,554 |
| Total Program Service Revenue | $1,211,290,573 |
| Investment income | $73,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,136,555 |
| Net Gain/Loss on Asset Sales | $25,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,257,370,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,543,076 |
| Grants and other assistance to domestic individuals. | $50,254 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,220,947 |
| Compensation of current officers, directors, key employees. | $2,220,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,139,718 |
| Pension plan accruals and contributions | $17,676,597 |
| Other employee benefits | $48,852,815 |
| Payroll taxes | $28,394,512 |
| Fees for services: Management | $240,891 |
| Fees for services: Legal | $955,100 |
| Fees for services: Accounting | $74,861 |
| Fees for services: Lobbying | $173,533 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,647,827 |
| Advertising and promotion | $757,933 |
| Office expenses | $4,582,124 |
| Information technology | $2,232,377 |
| Royalties | $0 |
| Occupancy | $35,734,247 |
| Travel | $1,918,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $638,614 |
| Interest | $2,891,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,804,470 |
| Insurance | $15,807,315 |
| All other expenses | $44,241,402 |
| Total functional expenses | $1,281,668,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,020 |
| Savings and temporary cash investments | $3,327,153 |
| Pledges and grants receivable | $1,419,251 |
| Accounts receivable, net | $188,662,597 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,142,675 |
| Inventories for sale or use | $33,119,195 |
| Prepaid expenses and deferred charges | $1,084,275 |
| Net Land, buildings, and equipment | $469,217,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $57,235,428 |
| Other assets | $235,928,704 |
| Total assets | $1,002,208,569 |
| Accounts payable and accrued expenses | $108,410,327 |
| Grants payable | $0 |
| Deferred revenue | $638,991 |
| 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 | $630,545,275 |
| Total liabilities | $739,594,593 |
| Net assets without donor restrictions | $262,613,976 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,002,208,569 |
Grants Awarded
Over the last fiscal year, Sacred Heart Health System Inc has awarded $1,538,076 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: GENERAL SUPPORT | $800,590 |
Pensacola, FL PURPOSE: General Support | $605,736 |
Pensacola, FL PURPOSE: COMMUNITY HOME BUILDING SUPPORT | $81,750 |
Destin, FL PURPOSE: GENERAL SUPPORT | $20,000 |
Pensacola, FL PURPOSE: CROSSROADS CLINIC SUPPORT | $20,000 |
Pensacola, FL PURPOSE: SCHOLARSHIPS FOR PHLEBOTOMY OR SURGICAL TECH STUDENTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sacred Heart Health System Inc has recieved totaling $4,443,143.
| Awarding Organization | Amount |
|---|---|
Sacred Heart Foundation St Louis, MO PURPOSE: GENERAL SUPPORT | $4,443,143 |
Endowment Analysis
| Beg. Balance | $36,642 |
| Ending Balance | $36,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |