Presence Care Transformation Corporation
- Assets
- $187.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 12,105
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 36-3366652
Organization Overview
Presence Care Transformation Corporation, operating under the name See Schedule O, is located in St Louis, MO. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, See Schedule O employed 12,105 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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 06/2021, See Schedule O generated $3.0m 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 (43.5%) each year. All expenses for the organization totaled $136.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, See Schedule O has awarded 48 individual grants totaling $986,285. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENCE CARE TRANSFORMATION CORPORATION PROVIDES CENTRALIZED CORPORATE MANAGEMENT SERVICES TO PRESENCE HEALTH AND RECEIVES MANAGEMENT FEE INCOME FOR THE SERVICES IT PROVIDES TO ALL ORGANIZATIONS IN THE SYSTEM. BY CENTRALIZING THESE SERVICES, PRESENCE HEALTH CAN PREVENT DUPLICATION AND BETTER UTILIZE SCARCE RESOURCES. FOR EXAMPLE, CERTAIN INFORMATION TECHNOLOGY AND TELEHEALTH ACTIVITIES ARE SERVICES PROVIDED CENTRALLY THROUGH PRESENCE CARE TRANSFORMATION CORPORATION. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 0 | $0 |
Name Not Listed Treasurer (end 4/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Chair | OfficerTrustee | 0 | $0 |
Name Not Listed Director (start 4/2022) | Trustee | 0 | $0 |
Name Not Listed Secretary | Officer | 0 | $0 |
Name Not Listed Treasurer (start 4/2022)/cfo, Ascension Illinois | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cep America Llc Physician Services | 6/29/22 | $1,133,333 |
Crowell & Moring Llp Legal Services | 6/29/22 | $440,322 |
Cep America Illinois Llp Physician Services | 6/29/22 | $945,833 |
Neal Gerber And Eisenberg Llp Legal Services | 6/29/22 | $247,636 |
Marberry Laundry Llc Laundry Services | 6/29/22 | $227,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,165 |
| Investment income | $142,004 |
| 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 | $3,001,800 |
| Statement of Expenses | |
|---|---|
| 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. | $843,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,705,976 |
| Pension plan accruals and contributions | $4,436,984 |
| Other employee benefits | $14,747,790 |
| Payroll taxes | $4,546,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,261,457 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $38,292 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $696,952 |
| Advertising and promotion | $3,623 |
| Office expenses | $2,560,777 |
| Information technology | $190,774 |
| Royalties | $0 |
| Occupancy | $3,953,570 |
| Travel | $17,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,622,113 |
| Insurance | $12,440,003 |
| All other expenses | $0 |
| Total functional expenses | $136,202,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,047,461 |
| Pledges and grants receivable | $11,292 |
| 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 | $3,769,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,162,647 |
| Intangible assets | $29,471,388 |
| Other assets | $58,576,842 |
| Total assets | $187,883,882 |
| Accounts payable and accrued expenses | $17,310,953 |
| 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 | $1,474,529,525 |
| Total liabilities | $1,491,840,478 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,303,956,596 |
Grants Awarded
Over the last fiscal year, Presence Care Transformation Corporation has awarded $47,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD BUSINESS CHICAGO PURPOSE: GENERAL SUPPORT | $17,500 |
CATHOLIC CHARITIES OF THE DIOCESE OF JOLIET PURPOSE: GENERAL SUPPORT | $20,000 |
SOLIDARITY BRIDGE INC PURPOSE: GENERAL SUPPORT | $10,000 |