St George Corporation
- Assets
- $768.0m
- Revenue
- $12.9m
- Investments
- $760.7m
- Employees
- 0
- Location
- Burr Ridge, IL
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 36-4383840
Organization Overview
St George Corporation is located in Burr Ridge, IL. The organization was established in 2001. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. St George Corporation 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 12/2023, St George Corporation generated $12.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $57.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, St George Corporation has awarded 11 individual grants totaling $67,018,441. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PALOS COMMUNITY HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. GEORGE CORPORATION IS A SUPPORTING ORGANIZATION OF THE PALOS HEALTH SYSTEM, WHICH INCLUDES PALOS COMMUNITY HOSPITAL AN IRC SECTION 501(C)(3) ORGANIZATION.DURING 2020, THE ORGANIZATION SUPPORTED BY ST. GEORGE CORPORATION PROVIDED SERVICE FOR 17,000 INPATIENTS AND 186,000 OUTPATIENTS AT PALOS. PALOS MEDICAL GROUP PROVIDED 197,000 OFFICE VISITS AND PALOS IMAGING PROVIDED MORE THAN 47,000 IMAGING PROCEDURES.ST. GEORGE CORPORATION COMMITTED RESOURCES TO THE FORMATION OF CHICAGO HEALTH COLLEAGUES (CHC), A PHYSICIAN LED, CLINICALLY INTEGRATED NETWORK (CIN) IN 2015. THERE ARE CURRENTLY ABOUT 420 MEMBERS REPRESENTING ABOUT 70 PRACTICES AND ABOUT 45 SPECIALTIES, WORKING TOGETHER WITH PALOS TO IMPROVE QUALITY, COST AND EFFECTIVENESS OF HEALTH CARE SERVICES. AS HOSPITALS CONTINUE TO BE HELD MORE ACCOUNTABLE FOR PATIENT OUTCOMES AND COST, CHC IS PREPARED FOR NEW VALUE BASED CARE AND ACCOUNTABILITY THROUGH THE USE OF PROVEN CLINICAL PROTOCOLS, MEASURES AND ANALYTICS TO DEMONSTRATE IMPROVED PATIENT CARE, DECREASED COST AND INCREASED EFFICIENCY. THE TECHNOLOGY AND ANALYTICS TO SUPPORT CLINICAL INTEGRATION AND POPULATION HEALTH ENABLES ROBUST DATA ANALYTICS AND INFORMATION SHARING EVEN WITH INDEPENDENT PHYSICIANS ACROSS DISPARATE COMPUTER SYSTEMS. CHICAGO HEALTH COLLEAGUES HAS CONTRACTS WITH NEW AND EXISTING PAYORS IN THE MARKET INCLUDING LARGE PAYORS FOR PERFORMANCE BASED SHARED SAVINGS CONTRACTS THAT OFFER INCENTIVES FOR THE HOSPITAL AND CHC MEMBERS WORKING TOGETHER TO IMPROVE QUALITY, CARE COORDINATION AND EFFICIENCY OF CARE.
ST. GEORGE CORPORATION IS A SUPPORTING ORGANIZATION OF THE PALOS HEALTH SYSTEM, WHICH INCLUDES PALOS COMMUNITY HOSPITAL AN IRC SECTION 501(C)(3) ORGANIZATION.DURING 2020, THE ORGANIZATION SUPPORTED BY ST. GEORGE CORPORATION PROVIDED SERVICE FOR 17,000 INPATIENTS AND 186,000 OUTPATIENTS AT PALOS. PALOS MEDICAL GROUP PROVIDED 197,000 OFFICE VISITS AND PALOS IMAGING PROVIDED MORE THAN 47,000 IMAGING PROCEDURES.ST. GEORGE CORPORATION COMMITTED RESOURCES TO THE FORMATION OF CHICAGO HEALTH COLLEAGUES (CHC), A PHYSICIAN LED, CLINICALLY INTEGRATED NETWORK (CIN) IN 2015. THERE ARE CURRENTLY ABOUT 420 MEMBERS REPRESENTING ABOUT 70 PRACTICES AND ABOUT 45 SPECIALTIES, WORKING TOGETHER WITH PALOS TO IMPROVE QUALITY, COST AND EFFECTIVENESS OF HEALTH CARE SERVICES. AS HOSPITALS CONTINUE TO BE HELD MORE ACCOUNTABLE FOR PATIENT OUTCOMES AND COST, CHC IS PREPARED FOR NEW VALUE BASED CARE AND ACCOUNTABILITY THROUGH THE USE OF PROVEN CLINICAL PROTOCOLS, MEASURES AND ANALYTICS TO DEMONSTRATE IMPROVED PATIENT CARE, DECREASED COST AND INCREASED EFFICIENCY. THE TECHNOLOGY AND ANALYTICS TO SUPPORT CLINICAL INTEGRATION AND POPULATION HEALTH ENABLES ROBUST DATA ANALYTICS AND INFORMATION SHARING EVEN WITH INDEPENDENT PHYSICIANS ACROSS DISPARATE COMPUTER SYSTEMS. CHICAGO HEALTH COLLEAGUES HAS CONTRACTS WITH NEW AND EXISTING PAYORS IN THE MARKET INCLUDING LARGE PAYORS FOR PERFORMANCE BASED SHARED SAVINGS CONTRACTS THAT OFFER INCENTIVES FOR THE HOSPITAL AND CHC MEMBERS WORKING TOGETHER TO IMPROVE QUALITY, CARE COORDINATION AND EFFICIENCY OF CARE.
ST. GEORGE CORPORATION IS A SUPPORTING ORGANIZATION OF THE PALOS HEALTH SYSTEM, WHICH INCLUDES PALOS COMMUNITY HOSPITAL AN IRC SECTION 501(C)(3) ORGANIZATION.DURING 2020, THE ORGANIZATION SUPPORTED BY ST. GEORGE CORPORATION PROVIDED SERVICE FOR 17,000 INPATIENTS AND 186,000 OUTPATIENTS AT PALOS. PALOS MEDICAL GROUP PROVIDED 197,000 OFFICE VISITS AND PALOS IMAGING PROVIDED MORE THAN 47,000 IMAGING PROCEDURES.ST. GEORGE CORPORATION COMMITTED RESOURCES TO THE FORMATION OF CHICAGO HEALTH COLLEAGUES (CHC), A PHYSICIAN LED, CLINICALLY INTEGRATED NETWORK (CIN) IN 2015. THERE ARE CURRENTLY ABOUT 420 MEMBERS REPRESENTING ABOUT 70 PRACTICES AND ABOUT 45 SPECIALTIES, WORKING TOGETHER WITH PALOS TO IMPROVE QUALITY, COST AND EFFECTIVENESS OF HEALTH CARE SERVICES. AS HOSPITALS CONTINUE TO BE HELD MORE ACCOUNTABLE FOR PATIENT OUTCOMES AND COST, CHC IS PREPARED FOR NEW VALUE BASED CARE AND ACCOUNTABILITY THROUGH THE USE OF PROVEN CLINICAL PROTOCOLS, MEASURES AND ANALYTICS TO DEMONSTRATE IMPROVED PATIENT CARE, DECREASED COST AND INCREASED EFFICIENCY. THE TECHNOLOGY AND ANALYTICS TO SUPPORT CLINICAL INTEGRATION AND POPULATION HEALTH ENABLES ROBUST DATA ANALYTICS AND INFORMATION SHARING EVEN WITH INDEPENDENT PHYSICIANS ACROSS DISPARATE COMPUTER SYSTEMS. CHICAGO HEALTH COLLEAGUES HAS CONTRACTS WITH NEW AND EXISTING PAYORS IN THE MARKET INCLUDING LARGE PAYORS FOR PERFORMANCE BASED SHARED SAVINGS CONTRACTS THAT OFFER INCENTIVES FOR THE HOSPITAL AND CHC MEMBERS WORKING TOGETHER TO IMPROVE QUALITY, CARE COORDINATION AND EFFICIENCY OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence C Moisan President | 35 | $383,333 | |
Donald R Dixon Chief Legal Officer | 35 | $161,280 | |
Terese A Dougherty Office Manager | 35 | $78,040 | |
Dean Harrison Director (thru 12/23) | 1 | $0 | |
Jason Ley Vice Chair | 1 | $0 | |
Tim Mccarthy Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J P Morgan Investment Management Inc | 12/30/23 | $442,052 |
Western Asset Management Company Llc | 12/30/23 | $387,122 |
Select Equity Group Lp | 12/30/23 | $350,457 |
The Northern Trust Company | 12/30/23 | $252,690 |
Southeastern Asset Management Inc | 12/30/23 | $230,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,001,791 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,238,736 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $132,308 |
| Total Revenue | $12,895,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $622,653 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $975,350 |
| Depreciation | $9,675 |
| Occupancy | $65,399 |
| Travel, conferences, and meetings | $6,145 |
| Printing and publications | $0 |
| Other expenses | $156,582 |
| Total operating and administrative expenses | $3,895,586 |
| Contributions, gifts, grants paid | $53,419,720 |
| Total expenses and disbursements | $57,315,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,160,902 |
| Savings and temporary cash investments | $4,196,994 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,535,956 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $67,644,516 |
| Investments—other | $187,463,547 |
| Net Land, buildings, and equipment | $45,300 |
| Other assets | $386,203 |
| Total assets | $767,977,006 |
| Accounts payable and accrued expenses | $1,089,834 |
| Grants payable | $2,761,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $53,686,468 |
| Total liabilities | $57,537,802 |
Grants Awarded
Over the last fiscal year, St George Corporation has awarded $56,692,220 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY SERVICES INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,000,000 |
RECLAIM 13 - COMPASSIONATE COMMUNITIES FOR CHILDREN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $658,220 |
NORTHWESTERN MEMORIAL FOUNDATION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $51,034,000 |
MISERICORDIA FOUNDATION PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $3,000,000 |
AID FOR WOMEN PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $1,000,000 |