St Lukes Health Care Foundation

Organization Overview

St Lukes Health Care Foundation is located in Cedar Rapids, IA. The organization was established in 1978. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Lukes Health Care 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 12/2021, St Lukes Health Care Foundation generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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 2014, St Lukes Health Care Foundation has awarded 43 individual grants totaling $18,217,878. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT ST. LUKE'S HOSPITAL AS THE PREMIER RESOURCE FOR IMPROVING THE HEALTH OF EASTERN IOWANS.

Describe the Organization's Program Activity:

GRANTS, ALLOCATIONS AND PROGRAM SUPPORTST. LUKE'S HEALTH CARE FOUNDATION PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF ST. LUKE'S METHODIST HOSPITAL IN CEDAR RAPIDS, IOWA, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF ST. LUKE'S HEALTHCARE AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANTS, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:CONTRIBUTIONS TO ST. LUKE'S METHODIST HOSPITAL FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES AND MISCELLANEOUSSCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITALGRANTS TO LOCAL RURAL HEALTH COMMUNITIES ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITALMISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITAL


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Board, Officers & Key Employees

Name (title)Compensation
Mary Klinger
President
$205,887
Tami Culver
Board Secretary
$0
Michael Heinrich
Board Treasurer & Executive VP Finance/cfo
$0
Kathy Epley
Board Vice Chair
$0
Donald Johnson
Board Chair
$0
Lois Buntz
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$430,942
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $275,859
All other contributions, gifts, grants, and similar amounts not included above$3,190,477
Noncash contributions included in lines 1a–1f $30,957
Total Revenue from Contributions, Gifts, Grants & Similar$3,897,278
Total Program Service Revenue$709,888
Investment income $1,142,324
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,571,939
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,366,605

Grants Awarded

Over the last fiscal year, St Lukes Health Care Foundation has awarded $2,799,614 in support to 8 organizations.

Grant RecipientAmount

HELEN G NASSIF COMMUNITY CANCER CENTER

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: PROGRAM SUPPORT

$1,925,774

ABBE CENTER FOR COMMUNITY MENTAL HEALTH INC

Org PageRecipient Profile

Hiawatha, IA

PURPOSE: PROGRAM SUPPORT

$329,932

UNITYPOINT AT HOME

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$214,759

ST LUKE'S METHODIST HOSPITAL

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: PROGRAM SUPPORT

$213,020

IOWA PHYSICIAN CLINIC MEDICAL FOUNDATION

Org PageRecipient Profile

West Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$57,334

VARIETY CLUB OF IOWA

Org PageRecipient Profile

Des Moines, IA

PURPOSE: PROGRAMT SUPPORT

$29,343
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that St Lukes Health Care Foundation has recieved totaling $1,000.

Awarding OrganizationAmount
The Accel Foundation

Waverly, IA

PURPOSE: ST LUKES FOUNDATION - CHILD PROCTECTION CTR

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$45,720,230
Earnings$6,168,997
Net Contributions$103,991
Grants$1,706,735
Ending Balance$50,286,483

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