St Joseph Hospital Foundation Inc
- Assets
- $8.6m
- Revenue
- $1.7m
- Investments
- $4.7m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 10/1989
- Data as of
- 06/2021
- EIN
- 61-1159649
Organization Overview
St Joseph Hospital Foundation Inc is located in Lexington, KY. The organization was established in 1989. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Joseph Hospital Foundation 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 06/2021, St Joseph Hospital Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 8.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SAINT JOSEPH HOSPITAL FOUNDATION WAS INCORPORATED AS A 501(C)(3), TAX-EXEMPT, CHARITABLE FOUNDATION IN 1989 TO RAISE AND ADMINISTER FUNDS IN SUPPORT OF THE CORE VALUES AND STRATEGIC PLAN OF SAINT JOSEPH HOSPITAL, SAINT JOSEPH EAST AND SAINT JOSEPH JESSAMINE. SAINT JOSEPH HOSPITAL FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS WHICH IS COMPRISED OF INDIVIDUALS WITHIN THE COMMUNITY AND ONE BOARD MEMBER FROM THE PARENT ORGANIZATION, SAINT JOSEPH HEALTH SYSTEM. SAINT JOSEPH HOSPITAL FOUNDATION PROVIDES SUPPORT FOR SEVERAL OUTREACH PROGRAMS AND SERVICES INCLUDING: THE APPALACHIAN OUTREACH PROGRAM, EMPLOYEE ASSISTANCE FUND, NURSING AND ALLIED HEALTH SCHOLARSHIPS, PATIENT AND FAMILY ASSISTANCE FUND, THE SAINT JOSEPH FREE HEALTH CLINIC AND THE EASTERN KENTUCKY MOBILE.IN LATE 2007, THE SAINT JOSEPH HOSPITAL FOUNDATION BEGAN PROVIDING MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR SAINT JOSEPH MOUNT STERLING FOUNDATION AND SAINT JOSEPH BEREA HOSPITAL FOUNDATION. IN 2009, SAINT JOSEPH HOSPITAL FOUNDATION ALSO BEGAN ASSISTING SAINT JOSEPH LONDON FOUNDATION AND FLAGET MEMORIAL HOSPITAL FOUNDATION IN CREATING A STRATEGIC PLAN AND ORGANIZATION.SAINT JOSEPH HOSPITAL FOUNDATION'S CURRENT 17-MEMBER BOARD OF DIRECTORS RAISE FUNDS THROUGH SPECIAL EVENTS, ANNUAL GIVING, MAJOR GIFTS, PLANNED GIVING, CORPORATE/FOUNDATION GRANTS TO HELP FUND THE PROGRAMS AND OUTREACH SERVICES OF SAINT JOSEPH HOSPITAL, SAINT JOSEPH EAST AND SAINT JOSEPH JESSAMINE. IN FY 2021, THE SAINT JOSEPH HOSPITAL FOUNDATION RAISED OVER A MILLION FOR THE MISSION AND OUTREACH SERVICES AND PAID OUT OVER $1.3M IN PROGRAM SUPPORT.SAINT JOSEPH HOSPITAL FOUNDATION PROVIDES SUPPORT FOR SEVERAL OUTREACH PROGRAMS AND SERVICES INCLUDING: VIOLENCE PREVENTION, PATIENT FAMILY ASSISTANCE, EMPLOYEE FINANCIAL ASSISTANCE, AND OTHER PROGRAMS WHICH ENHANCE PATIENT CARE, FUND LEADING EDGE MEDICAL RESEARCH, SUPPORT EDUCATION OF HEALTH PROFESSIONALS, AND IMPROVE ACCESS TO HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Smart President | OfficerTrustee | 1 | $0 |
Tracy Colon Secretary | OfficerTrustee | 1 | $0 |
Lee Hall Chair | OfficerTrustee | 1 | $0 |
Alan Vanarsdall Treasurer | OfficerTrustee | 1 | $0 |
Larry Cowgill Vice Chair | OfficerTrustee | 1 | $0 |
Steven Frantz Market SVP CFO (partial Year) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,863 |
| Related organizations | $321,454 |
| Government grants | $128,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $764,296 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,369,376 |
| Total Program Service Revenue | $0 |
| Investment income | $54,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $294,999 |
| Net Income from Fundraising Events | $7,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,741,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,137,345 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,281 |
| Advertising and promotion | $0 |
| Office expenses | $7,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,051 |
| Total functional expenses | $1,647,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $211,881 |
| Pledges and grants receivable | $35,733 |
| Accounts receivable, net | $26,098 |
| 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 | $0 |
| Investments—other securities | $4,705,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,670,070 |
| Total assets | $8,649,428 |
| Accounts payable and accrued expenses | $177,577 |
| Grants payable | $0 |
| Deferred revenue | $105,696 |
| 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 | $8,970 |
| Total liabilities | $292,243 |
| Net assets without donor restrictions | $1,510,671 |
| Net assets with donor restrictions | $6,846,514 |
| 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 | $8,649,428 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that St Joseph Hospital Foundation Inc has recieved totaling $120,862.
| Awarding Organization | Amount |
|---|---|
Whas Crusade For Children Inc Louisville, KY PURPOSE: $100,000 FOR EQUIPMENT TO REFRESH THE LEVEL III NICU AT THE WOMEN'S HOSPITAL AT SAINT JOSEPH EAST. | $100,000 |
The American Breast Cancer Foundation Inc Gaithersburg, MD PURPOSE: PROVIDES SCREENING MAMMOGRAMS AND ULTRASOUNDS TO UNINSURED AND UNDERSERVED AREA | $10,000 |
Tampa Bay Bowl Association Inc Tampa, FL PURPOSE: PROGRAM SUPPORT | $5,500 |
The Lexington Cancer Foundation Inc Lexington, KY PURPOSE: FINANCIAL ASSISTANCE FOR SUPPORT OF YES, MAMM! PROGRAM TO PROVIDE FREE USE OF THE DIGNICAP SCALPL COOLING SYSTEM FOR ALL WOMEN USING TAXANE CHEMOTHERAPY TO TREAT BREAST CANCER. | $5,362 |
Endowment Analysis
| Beg. Balance | $4,676,568 |
| Earnings | $905,597 |
| Net Contributions | $66,780 |
| Grants | $79,723 |
| Ending Balance | $5,569,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |