Holy Rosary Healthcare Foundation is located in Miles City, MT. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holy Rosary Healthcare 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 12/2022, Holy Rosary Healthcare Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $121.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE REVEAL AND FOSTER GOD'S HEALING LOVE BY IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION QUALITY HEALTHCARE IS ONE OF THE PILLARS FOR THE LONG-TERM SUSTAINABILITY AND GROWTH OF ANY COMMUNITY AND REGION. CHARITABLY-MINDED DONORS PARTNER WITH THE HOLY ROSARY HEALTHCARE FOUNDATION TO MAKE A LASTING DIFFERENCE TOWARD HEALTH-RELATED PROJECTS, SERVICES AND SOLUTIONS IN EASTERN MONTANA. HEALTHCARE INVOLVES OUR ENTIRE LIFESPAN, FROM BRINGING CHILDREN INTO THE WORLD THROUGH END-OF-LIFE HEALTH SERVICES, AND INCLUDES A COMPLETE REALM OF SERVICES, INCLUDING HOSPICE, CANCER, DIABETES, HEART DISEASE AND MANY OTHER SPECIALTY AREAS. THE GOOD WORK OF THE HOLY ROSARY HEALTHCARE FOUNDATION HAS RIPPLING EFFECTS THROUGHOUT OUR REGION, TOUCHING A BROAD RANGE OF PEOPLE AND HEALTHCARE NEEDS.HOLY ROSARY FOUNDATION WAS STARTED IN 2003 TO SUPPORT HOLY ROSARY HEALTHCARE IN PROVIDING HEALTH SERVICES TO EASTERN MONTANA. HOLY ROSARY HEALTHCARE WAS PART OF THE SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM.ON APRIL 1, 2022, INTERMOUNTAIN HEALTH CARE, INC. AND SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. MERGED, CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE ORGANIZATION EMPLOYS NEARLY 60,000 CAREGIVERS, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH AND IDAHO.AS PART OF INTERMOUNTAIN HEALTH (INTEGRATED HEALTH SYSTEM), HOLY ROSARY HAS DIRECT ACCESS TO BEST PRACTICES, RESOURCES, TECHNOLOGY, TALENT AND STRATEGIC CAPITAL.PROGRAM FUNDINGWHEN A DONOR CONTRIBUTES TO THE FOUNDATION, THOSE DOLLARS ARE EARMARKED BASED ON THE DONOR'S WISHES AND PLACED IN A FUND CLASSIFICATION. A BRIEF DESCRIPTION OF EACH FUND IS DEFINED HERE:BEHAVIORAL HEALTHSUPPORT FOR BEHAVIORAL HEALTH EDUCATION, OUTREACH, AND AWARENESS AT HOLY ROSARY AND BEYOND. THIS INCLUDES TRAINING AND EDUCATION FOR OUR PROVIDERS TO CARE FOR THOSE ENDURING MENTAL HEALTH CONCERNS.CAMPUS DEVELOPMENTTHIS FUND SUPPORTS PHYSICAL INVESTMENTS TO THE HOLY ROSARY COMMUNITY. THIS MAY INCLUDE RENOVATIONS, NEW FURNITURE, GROUNDS MAINTENANCE, UPKEEP OF THE STORY WALK, AND MORE.CANCER SERVICESTHE CANCER SERVICES FUND IS TO BE USED FOR SERVICES, PROJECTS, AND ENHANCEMENTS TO CANCER SERVICES IN EASTERN MONTANA. EXPENDITURES MIGHT BE USED FOR NEW EQUIPMENT, FACILITY ENHANCEMENTS, EXPANSION OF NEW SERVICES, INITIATIVES IMPACTING PATIENT COMFORT AND CARE, AND RELATED PROJECTS.CHILDREN'S HEALTHCARE & MOM/BABYGIFTS TO THIS FUND SUPPORT PEDIATRIC OUTREACH, EDUCATION, AND AWARENESS EFFORTS. THIS FUND ALSO SUPPORTS MOM & BABY CARE FOR OUR NEW FAMILIES. THIS HAS INCLUDED PARTNER/DAD BEDS IN THE BIRTHING SUITES, EDUCATION FOR OUR TEAM MEMBERS, AND PANDA INFANT WARMERS TO SUPPORT THE LITTLEST RESIDENTS OF EASTERN MONTANA.CNA SCHOLARSHIPSUPPORT FOR THOSE IN OUR COMMUNITY WHO WORK AT HOLY ROSARY AND ARE COMMITTED TO COMPLETING THEIR CNA EDUCATION.DIABETES FUNDSUPPORT FOR DIABETES EDUCATION AND PREVENTION.EDUCATION/STAFF DEVELOPMENTSUPPORT FOR OUR ASSOCIATES, PROVIDERS, NURSES, AND ADMINISTRATION TO RECEIVE SPECIALIZED TRAINING TO FURTHER THE SERVICES WE CAN PROVIDE IN EASTERN MONTANA. RECENT INVESTMENTS HAVE INCLUDED WOUND CARE TRAINING AND LACTATION SUPPORT TRAINING.GUARDIAN ANGEL FUNDTHIS FUND PROVIDES SUPPORT TO THE POOR AND VULNERABLE IN OUR COMMUNITY THROUGH DIRECT PATIENT ASSISTANCE. GIFTS TO THIS FUND MOST OFTEN SUPPORT TRANSPORTATION NEEDS, MEDICAL EQUIPMENT, AND OTHER NEEDS FOR PATIENTS AND THEIR FAMILIES IN NEED.HOM ENDOWED NURSING SCHOLARSHIPAN ENDOWMENT CREATED BY THE LATE JUDGE KEN HOM IN HONOR OF HIS WIFE AND NURSING PIONEER, MILLIE HOM, WHICH PROVIDES SCHOLARSHIPS FOR MONTANA RESIDENTS PURSUING NURSING AS A PROFESSION.HOSPICESUPPORT FOR OUR DYNAMIC AND HOLISTIC HOSPICE PROGRAM TO SUPPORT PATIENTS AND THEIR FAMILIES IN THE LAST PHASE OF LIFE.HUMANITARIAN AIDGIFTS TO THIS FUND PROVIDE NO-INTEREST LOANS OF UP TO $1,000 TO HOLY ROSARY EMPLOYEES/ASSOCIATES.MEN'S HEALTHGIFTS TO THIS FUND SUPPORT THE CRITICAL NEED TO EDUCATE, PROVIDE AWARENESS, AND INVEST IN TECHNOLOGY WHICH SUPPORTS PREVENTATIVE SCREENINGS AND EDUCATION.SENIOR LIVINGSUPPORT FOR OUR FIVE-STAR RESIDENTIAL LIVING FACILITY THAT IS HOME TO APPROXIMATELY 40-45 RESIDENTS. GIFTS TO THIS FUND MOST RECENTLY HAVE SUPPORTED SOME RENOVATIONS, NEW FURNITURE, AND OUR ACTIVITIES FUNDS WHICH KEEP RESIDENTS' LIVES ACTIVE AND ENGAGED.SPIRITUAL & FAITH BASEDSUPPORT FOR OUR SPIRITUAL CARE TEAM IN PROVIDING SUPPORT TO PATIENTS, RESIDENTS, ASSOCIATES, AND THEIR FAMILIES THROUGH SPIRITUAL SUPPORT AND GUIDANCE AT HOLY ROSARY AND IN THE COMMUNITY.SURGICAL & TRAUMA SERVICESSUPPORT FOR OUR SURGICAL AND TRAUMA SERVICES TO RENOVATE OUR SURGICAL FACILITIES TO BETTER SUPPORT LIFE-SAVING EMERGENCY PROCEDURES AND OUTPATIENT SURGERIES AT HOLY ROSARY.THERAPY & REHAB CAREGIFTS TO THIS FUND SUPPORT INVESTMENTS IN OUR THERAPY AREAS, INCLUDING PHYSICAL THERAPY, RESPIRATORY THERAPY, HEALTHY LIFESTYLES, CARDIOVASCULAR REHAB, AND MORE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Costello Director | Trustee | 1 | $0 |
Jacqueline Muri Former Officer | 0 | $0 | |
Clay Espy Director | Trustee | 1 | $0 |
Mary Margaret Friend Director | Trustee | 1 | $0 |
John Goff Director | Trustee | 1 | $0 |
Karla Murnin Secretary & Treasurer | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $11,579 |
Government grants | $79,045 |
All other contributions, gifts, grants, and similar amounts not included above | $4,204,809 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,295,433 |
Total Program Service Revenue | $0 |
Investment income | $35,878 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$26,674 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,304,637 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $85,311 |
Grants and other assistance to domestic individuals. | $11,100 |
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 | $5,401 |
Office expenses | $394 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $116 |
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 | $3,134 |
Total functional expenses | $121,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,139,498 |
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 | $2,496,633 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $6,636,131 |
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 | $7,503 |
Total liabilities | $7,503 |
Net assets without donor restrictions | $1,185,745 |
Net assets with donor restrictions | $5,442,883 |
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 | $6,636,131 |
Over the last fiscal year, Holy Rosary Healthcare Foundation has awarded $359,486 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HOLY ROSARY HEALTHCARE PURPOSE: SUPPORT HEALTHCARE MISSION | $259,486 |
SCL HEALTH FOUNDATION PURPOSE: SUPPORT HEALTHCARE MISSION | $100,000 |