Bon Secours Kentucky Health System Foundation Inc FOUNDATION INC
- Assets
- $0.0
- Revenue
- $328.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1946
- Data as of
- 12/2019
- EIN
- 61-1381952
Organization Overview
Bon Secours Kentucky Health System Foundation Inc FOUNDATION INC is located in Cincinnati, OH. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. Bon Secours Kentucky Health System Foundation Inc 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 12/2019, Bon Secours Kentucky Health System Foundation Inc FOUNDATION INC generated $328.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $312.2k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTHCARE MISSION OF OUR LADY OF BELLEFONTE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BON SECOURS KENTUCKY HEALTH SYSTEM FOUNDATION, INC., ("BSKHSF") IS AN IRC 501(C)(3) ORGANIZATION THAT WAS ESTABLISHED TO SUPPORT BSKHS AND RAISE FUNDS TO ASSIST IN MEETING THE CONSTANT DEMANDS OF THE EVER-EVOLVING FIELD OF HEALTH CARE. THESE FUNDS ALLOW FOR THE CREATION OF NEW SERVICES, THE PURCHASE OF NEW EQUIPMENT, AND THE PROVISION OF CHARITABLE HEALTH CARE SERVICES. BSKHSF IS AN INTEGRAL PART OF BSMH, A CARING COMMUNITY CALLED TOGETHER TO MAKE VISIBLE GOD'S LOVE AND COMPASSION. AS A CATHOLIC MINISTRY, BSKHSF'S AND BSMH'S MISSION IS TO WORK WITH OTHERS EMBRACING THE CHALLENGE OF MAKING WISE AND JUST DECISIONS TO FOSTER AN ENVIRONMENT OF HEALING FOR PATIENTS, STAFF, PARTNERS, AND COMMUNITIES. RECOGNIZING THE DIGNITY OF EACH HUMAN BEING, BSKHSF AND BSMH RELENTLESSLY SEEK HEALING AND WHOLENESS FOR ALL PEOPLES, ESPECIALLY THOSE WHO ARE VULNERABLE, POOR, OR DYING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Treasurer/cfo-Bsky, Atlantic Group CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,068 |
| Related organizations | $88,444 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,477 |
| Total Program Service Revenue | $0 |
| Investment income | $55,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,717 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,212 |
| Grants and other assistance to domestic individuals. | $15,713 |
| 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 | $29,956 |
| Pension plan accruals and contributions | $1,349 |
| Other employee benefits | $13,918 |
| Payroll taxes | $1,949 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $331 |
| Travel | $1,821 |
| 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 | $0 |
| Total functional expenses | $312,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Bon Secours Kentucky Health System Foundation Inc FOUNDATION INC has awarded $832,474 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $798,424 |
Ashland, KY PURPOSE: GENERAL SUPPORT | $11,000 |
Lexington, KY PURPOSE: GENERAL SUPPORT | $7,850 |
Ashland, KY PURPOSE: GENERAL SUPPORT | $5,200 |
Ashland, KY PURPOSE: GENERAL SUPPORT | $5,000 |
Ashland, KY PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bon Secours Kentucky Health System Foundation Inc FOUNDATION INC has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Bon Secours Mercy Health Inc Cincinnati, OH PURPOSE: Mission Support | $100,000 |
Bon Secours Mercy Health Inc Cincinnati, OH PURPOSE: Mission Support | $100,000 |
Bon Secours Mercy Health Inc Cincinnati, OH PURPOSE: Mission Support | $100,000 |
Endowment Analysis
| Beg. Balance | $1,429,813 |
| Other Expense | $1,429,813 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |