Commonspirit Health Research Institute
- Assets
- $54.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Englewood, CO
- Founding
- Data as of
- 06/2022
- EIN
- 27-1050565
Organization Overview
Commonspirit Health Research Institute is located in Englewood, CO. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Commonspirit Health Research Institute employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonspirit Health Research Institute 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, Commonspirit Health Research Institute generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Commonspirit Health Research Institute has awarded 42 individual grants totaling $2,440,209. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CSHRI DELIVERS VALUE BY ENHANCING AND LEVERAGING COMMONSPIRIT HEALTH'S LOCAL ASSETS TO ADVANCE AND TRANSFORM HEALTHCARE DELIVERY THROUGH RESEARCH AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin O'quinn Director/csh COO | Trustee | 1 | $0 |
Robert Wiebe MD Director/cmo Commonspirit Health | Trustee | 1 | $0 |
Kathleen Sanford RN Dba Fache Former Secretary & Treasurer | 0 | $0 | |
Thomas Mcginn MD Director/evp Physician Enterprise | Trustee | 1 | $0 |
Jeanette Wojtalewicz Director/sys Vp, CFO Alegent Health | Trustee | 1 | $0 |
Janelle Reilly Director/ceo Chi Memorial | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bio-optronics Inc Software As A Service-software Program | 6/29/22 | $342,500 |
Signalpath Llc Software As A Service-software Program | 6/29/22 | $300,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,331,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,800 |
| Total Program Service Revenue | $739,257 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,304,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $723,545 |
| 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. | $310,588 |
| Compensation of current officers, directors, key employees. | $124,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,714,764 |
| Pension plan accruals and contributions | $76,131 |
| Other employee benefits | $190,274 |
| Payroll taxes | $163,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,166 |
| 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 | $467,185 |
| Advertising and promotion | $749 |
| Office expenses | $27,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,776 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,502,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,603,001 |
| 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 | $51,600,232 |
| Total assets | $54,203,233 |
| Accounts payable and accrued expenses | $35,520,756 |
| Grants payable | $0 |
| Deferred revenue | $61,080 |
| 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 | $35,933,231 |
| Total liabilities | $71,515,067 |
| Net assets without donor restrictions | -$17,311,834 |
| 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 | $54,203,233 |
Grants Awarded
Over the last fiscal year, Commonspirit Health Research Institute has awarded $723,545 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CHI - IOWA CORP (MERCY DES MOINES) PURPOSE: PROGRAM SERVICES | $179,642 |
ALEGENT CREIGHTON HEALTH PURPOSE: PROGRAM SERVICES | $15,285 |
FRANCISCAN HEALTH SYSTEM PURPOSE: PROGRAM SERVICES | $13,153 |
SAINT FRANCIS MEDICAL CENTER PURPOSE: PROGRAM SERVICES | $51,555 |
DIGNITY - ST JOSEPH HOSPITAL-PHOENIX AZ PURPOSE: PROGRAM SERVICES | $24,250 |
TRIHEALTH PURPOSE: PROGRAM SERVICES | $147,790 |