Saint Francis Hospital And Medical Center Foundation Inc
- Assets
- $8.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 09/1982
- Data as of
- 09/2023
- EIN
- 06-1008255
Organization Overview
Saint Francis Hospital And Medical Center Foundation Inc, operating under the name Saint Francis Foundation, is located in Hartford, CT. The organization was established in 1982. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Saint Francis 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 09/2023, Saint Francis Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $4.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saint Francis Foundation has awarded 25 individual grants totaling $22,993,407. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR RELATED TAX EXEMPT HOSPITALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1979, THE SAINT FRANCIS HOSPITAL AND MEDICAL CENTER FOUNDATION OPERATES EXCLUSIVELY TO RAISE AWARENESS AND SUPPORT FOR SAINT FRANCIS HOSPITAL AND MEDICAL CENTER, MOUNT SINAI REHABILITATION HOSPITAL AND JOHNSON MEMORIAL HOSPITAL, RELATED TAX EXEMPT HOSPITALS, THROUGH RELATIONSHIP BUILDING, COMMUNITY VISIBILITY AND FUNDRAISING. THE FOUNDATION ACCOMPLISHES THIS GOAL THROUGH MANY TYPES OF GIVING PROGRAMS, PLANNED GIFTS AND SPECIAL EVENTS ALL IN AN EFFORT TO HELP THE HOSPITALS SUSTAIN, EXPAND AND IMPROVE THEIR SERVICES TO OUR COMMUNITY FOR GENERATIONS TO COME. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.SAINTFRANCISDONOR.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Burke Director, President; Sfhmc President | OfficerTrustee | 1 | $0 |
Jennifer Schneider SVP And Regional CFO | Officer | 1 | $0 |
Stuart Rosenberg Dir; Johnson Memorial Pres Thr 1/23 | Trustee | 1 | $0 |
Timothy Stanton Dir; Sfhmc VP Chief Dev Officer | OfficerTrustee | 50 | $0 |
Mike Ryan Director; Regional VP Finance | Trustee | 1 | $0 |
Heidi Grise Dir; Exe Dir The Auxilary Of Sfhmc | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $316,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,058,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,374,569 |
| Total Program Service Revenue | $0 |
| Investment income | $35,141 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,528 |
| Net Income from Fundraising Events | -$48,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,381,518 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,063,689 |
| Grants and other assistance to domestic individuals. | $25,523 |
| 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 | $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 | $459,228 |
| Office expenses | $37,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $399 |
| 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 | $1,091 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,779,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,259,489 |
| 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 | $13,743 |
| Net Land, buildings, and equipment | $3,318 |
| Investments—publicly traded securities | $2,398,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,150 |
| Total assets | $8,836,893 |
| Accounts payable and accrued expenses | $87,404 |
| 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 | $6,620,899 |
| Total liabilities | $6,708,303 |
| Net assets without donor restrictions | -$6,529,092 |
| Net assets with donor restrictions | $8,657,682 |
| 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 | $8,836,893 |
Grants Awarded
Over the last fiscal year, Saint Francis Hospital And Medical Center Foundation Inc has awarded $4,056,614 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT FRANCIS HOSPITAL AND MEDICAL CENTER PURPOSE: HEALTH CARE | $3,922,912 |
MERCY HOSPITAL PURPOSE: HEALTH CARE | $66,851 |
SAINT MARY'S HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $66,851 |