Catholic Health Initiatives National Foundation
- Assets
- $846.2k
- Revenue
- $176.1k
- Investments
- $494.1k
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 27-0930004
Organization Overview
Catholic Health Initiatives National Foundation is located in Colorado Springs, CO. The organization was established in 2012. 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. Catholic Health Initiatives National 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 06/2022, Catholic Health Initiatives National Foundation generated $176.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.9%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION RAISES FUNDS AND SOLICITS GRANTS TO PROVIDE FINANCIAL AID, ASSISTANCE, CONSULTATION, AND GUIDANCE TO THE COMMONSPIRIT HEALTH FOUNDATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S MISSION, VISION, AND TAX-EXEMPT PURPOSE: CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION WAS INCORPORATED AS A 501(C)(3), TAX-EXEMPT CHARITABLE FOUNDATION IN 2009 TO SERVE AS A SUPPORT STRUCTURE FOR CHI'S MARKET-BASED ORGANIZATION (MBO) FOUNDATIONS. CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION IS A NATIONAL OPERATIONS OFFICE PROVIDING ADMINISTRATIVE SUPPORT COUPLED WITH A SMALL GROUP OF STRATEGICALLY-PLACED OUTREACH STAFF THAT PROVIDES TRAINING AND MENTORING FOR INDIVIDUAL DEVELOPMENT OFFICES ACROSS COMMUNITIES SERVED BY CHI FACILITIES. CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION COLLABORATES LOCALLY WITH MARKET-BASED FOUNDATIONS TO SHARE LEADING PRACTICES AND MATERIALS, AND CULTIVATE FUNDRAISING EFFORTS WITH STRATEGIES FOCUSED ON PLANNED GIVING AND MAJOR GIFTS. THE GRANT SERVICES TEAM PROVIDES OPPORTUNITIES TO SEEK NATIONAL FOUNDATION AND GOVERNMENT GRANTS. CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION RAISES FUNDS AND SOLICITS GRANTS TO PROVIDE FINANCIAL AND OTHER AID, ASSISTANCE, CONSULTATION, AND GUIDANCE TO THE LOCAL CHI MBO FOUNDATIONS AND THE FACILITIES THEY SERVICE. THE CHI FOUNDATION WORKS WITH LOCAL FOUNDATIONS TO IMPROVE RESULTS TO BENEFIT THE LOCAL COMMUNITIES AND TO INCREASE AND ENCOURAGE PHILANTHROPY ACROSS CHI. QUALITATIVE DESCRIPTION OF COMMUNITY BENEFIT: CATHOLIC HEALTH INITIATIVES NATIONAL FOUNDATION HAS A CURRENT STAFF OF 5 AND 5-MEMBER BOARD OF DIRECTORS THAT SERVE 49 CHI COMMUNITIES REPRESENTING OVER 70 FOUNDATIONS. THE LOCAL FOUNDATION BOARD AND MBO CEO ARE ACCOUNTABLE FOR ACHIEVING FUNDRAISING RESULTS IN THE LOCAL COMMUNITY AND THE LOCAL FOUNDATION BOARD DETERMINES HOW THE LOCALLY-RAISED FUNDS ARE TO BE USED. THE LOCAL FOUNDATION LEADER REPORTS TO THE CHI REGIONAL FOUNDATION VICE PRESIDENT AND TO THE LOCAL MBO CEO. THE REGIONAL FOUNDATION VICE PRESIDENT IDENTIFIES AND SHARES LEADING PHILANTHROPY PRACTICES WITHIN CHI AND THROUGHOUT THE COUNTRY. HE OR SHE PARTNERS WITH LOCAL FOUNDATIONS TO SEEK NEW FUNDING OPPORTUNITIES, EXPLORE REDUCTIONS OF EXPENSES THROUGH ECONOMIES OF SCALE, SHARED RESOURCES AND ASSISTANCE WITH DEVELOPING A SPIRIT OF GIVING WITHIN THE COMMUNITIES THAT CHI SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Duval President - Foundation | OfficerTrustee | 50 | $0 |
Patricia Webb Fache Chairman | OfficerTrustee | 1 | $0 |
Jennifer Neppel Sec/treasurer/dir | OfficerTrustee | 1 | $0 |
Benjamin Koppelman Board Member/ceo Sjahs | Trustee | 1 | $0 |
Colleen Scanlon Vice President/svp Advocacy | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $126,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,181 |
| Total Program Service Revenue | $0 |
| Investment income | $4,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,214 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,508,445 |
| Advertising and promotion | $0 |
| Office expenses | $5,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,639,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,144 |
| 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 | $494,114 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $846,246 |
| Accounts payable and accrued expenses | $2,086 |
| Grants payable | $0 |
| Deferred revenue | $118,864 |
| 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 | $2,562,679 |
| Total liabilities | $2,683,629 |
| Net assets without donor restrictions | -$2,173,018 |
| Net assets with donor restrictions | $335,635 |
| 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 | $846,246 |
Grants Awarded
Over the last fiscal year, Catholic Health Initiatives National Foundation has awarded $61,973 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST LUKE'S HEALTH SYSTEM CORPORATION PURPOSE: GENERAL SUPPORT | $52,973 |
SOLID ROCK COMMUNITY DEVELOPMENT CORP PURPOSE: PROGRAM SUPPORT | $9,000 |