Ascension Providence Foundation
- Assets
- $25.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/2002
- Data as of
- 06/2021
- EIN
- 38-3526629
Organization Overview
Ascension Providence Foundation is located in St Louis, MO. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascension Providence 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 06/2021, Ascension Providence Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 20.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ascension Providence Foundation has awarded 29 individual grants totaling $16,889,841. 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 ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ASCENSION PROVIDENCE HOSPITAL AND PROVIDENCE PARK HOSPITAL, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SOLICIT AND INVEST CONTRIBUTIONS, GIFTS, AND BEQUESTS FOR THE BENEFIT OF ASCENSION PROVIDENCE HOSPITAL AND AFFILIATED ORGANIZATIONS. ASCENSION PROVIDENCE HOSPITAL AND AFFILIATED ORGANIZATIONS USE THIS FUNDING TO PROVIDE THE FOLLOWING: NEONATAL INTENSIVE CARE UNIT EXPANSION AND RENOVATION; NEW HALFWAY HOUSES; MINIMALLY INVASIVE SPINE SURGERY PROGRAM ENHANCEMENTS; COVID-19 RELIEF FUNDS; ASSOCIATE HARDSHIP SUPPORT; CAMPUS WALKING PATH ENHANCEMENTS; ELLIOTT BREAST CENTER EXPANSION & RENOVATION; BREAST CARE SERVICES FUNDING FOR PATIENTS IN NEED; SCHOLARSHIPS & EDUCATIONAL SUPPORT FOR MEDICAL STUDENTS & RESIDENTS. 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 FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,890 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,040,202 |
| Noncash contributions included in lines 1a–1f | $150,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,075,092 |
| Total Program Service Revenue | $0 |
| Investment income | $2,005,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,851 |
| Net Income from Gaming Activities | -$5,777 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,059,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,207,904 |
| 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 | $6,579 |
| Advertising and promotion | $19,620 |
| Office expenses | $77,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,100 |
| Travel | $5,017 |
| 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 | $3,160 |
| Insurance | $0 |
| All other expenses | $6,319 |
| Total functional expenses | $4,564,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,114,886 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,671,299 |
| Total assets | $25,786,185 |
| Accounts payable and accrued expenses | $43,701 |
| 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 | $715,821 |
| Total liabilities | $759,522 |
| Net assets without donor restrictions | $2,401,183 |
| Net assets with donor restrictions | $22,625,480 |
| 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 | $25,786,185 |
Grants Awarded
Over the last fiscal year, Ascension Providence Foundation has awarded $3,197,701 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: GENERAL SUPPORT | $2,854,133 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $273,689 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $53,186 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $16,693 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Ascension Providence Foundation has recieved totaling $657,564.
| Awarding Organization | Amount |
|---|---|
Providence Internal Medicine Research And Education Fund Inc Pi Southfield, MI PURPOSE: EDUCATION ENDOWMENT | $240,740 |
Providence Internal Medicine Research And Education Fund Inc Pi Southfield, MI PURPOSE: EDUCATION ENDOWMENT | $143,763 |
Detroit & Wayne County Tuberculosis Foundation St Clair Shores, MI PURPOSE: RESPIRATORY EQUIP | $90,576 |
Detroit & Wayne County Tuberculosis Foundation St Clair Shores, MI PURPOSE: RESPIRATORY EQUIP | $87,985 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $50,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: NEUROSURGICAL RESEARCH FUND | $25,000 |
Endowment Analysis
| Beg. Balance | $5,266,660 |
| Earnings | $258,203 |
| Net Contributions | $1,799,621 |
| Other Expense | $128,819 |
| Grants | $18,830 |
| Ending Balance | $7,176,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Exelon Foundation Chicago, IL | $116,558,021 | $16,716,086 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Kehe Cares Foundation Inc Naperville, IL | $5,804,063 | $7,449,461 |
G Carl Ball Family Foundation West Chicago, IL | $40,772,718 | $1,501,347 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |