St Joseph S Medical Center
- Assets
- $389.6m
- Revenue
- $268.9m
- Investments
- $233.8m
- Employees
- 1,304
- Location
- Brainerd, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-0695602
Organization Overview
St Joseph S Medical Center, operating under the name Essentia Health St Joseph's Medical Center, is located in Brainerd, MN. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Essentia Health St Joseph's Medical Center employed 1,304 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Essentia Health St Joseph's Medical Center 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, Essentia Health St Joseph's Medical Center generated $268.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $222.0m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 7 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 2015, Essentia Health St Joseph's Medical Center has awarded 17 individual grants totaling $1,412,713. 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
THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, ST. JOSEPH'S MEDICAL CENTER'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOSEPH'S MEDICAL CENTER, DBA ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES. MORE SPECIFICALLY, ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER IS ORGANIZED AND OPERATED TO OWN, MAINTAIN, OPERATE AND CONDUCT, DIRECTLY OR INDIRECTLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF FACILITIES FOR HEALTH CARE, EDUCATION, CARE FOR THE AGED AND SOCIAL SERVICES IN ACCORDANCE WITH THE CHARITABLE WORKS TRADITION OF THE ROMAN CATHOLIC CHURCH. IN KEEPING WITH THIS SPECIFIC PURPOSE, ALL WORKS SHALL BE CARRIED OUT IN ACCORDANCE WITH THE CHARISM OF THE BENEDICTINE SISTERS BENEVOLENT ASSOCIATION, A MINNESOTA NONPROFIT CORPORATION.ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER HAS A 162-BED HOSPITAL THAT SERVES THE BRAINERD LAKES AREA AND PRIMARY CARE CLINICS THAT SERVE A THREE-COUNTY REGION. ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER OFFERS 24-HOUR EMERGENCY CARE THROUGH ITS LEVEL 3 TRAUMA CENTER, AN INTENSIVE CARE UNIT, 24/7 SURGICAL CARE, AS WELL AS, OBSTETRICS AND BIRTHING SERVICES. ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER HAS BEEN DESIGNATED AS A PRIMARY STROKE CENTER.ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER EMPLOYS APPROXIMATELY 870 FULL TIME EQUIVALENTS. THE HOSPITAL PROVIDED OVER 19,000 HOSPITAL PATIENT DAYS AND 115,000 OUTPATIENT VISITS DURING FISCAL YEAR ENDED JUNE 30, 2022. THE CLINICS HAD NEARLY 231,000 ENCOUNTERS DURING THE SAME TIME PERIOD.DURING THE FISCAL YEAR ENDED JUNE 30, 2022, ESSENTIA HEALTH ST. JOSEPH'S MEDICAL CENTER PROVIDED THE FOLLOWING COMMUNITY BENEFITS: $1 MILLION IN CHARITY CARE, $9.9 MILLION COSTS IN EXCESS OF MEDICAID PAYMENTS, $95,000 IN COMMUNITY SERVICES, AND $134,000 IN HEALTH PROFESSION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Pryor MD President | Officer | 1 | $0 |
Peter Henry MD Chief Medical Officer Thru 6/22 | Officer | 1 | $0 |
Corey Anderson MD Board Director Thru 2/22 | Trustee | 1 | $0 |
Kevin Boren Vice President, Finance | Officer | 1 | $0 |
Nathan Laposky MD Board Director | Trustee | 1 | $0 |
Michael Larson Senior Vice President, Operations | Officer | 1 | $426,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,258,396 |
| Investment income | $2,293,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,673 |
| Net Gain/Loss on Asset Sales | $12,600,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,872,696 |
| 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. | $2,320,855 |
| Compensation to disqualified persons | $23,304 |
| Other salaries and wages | $96,868,140 |
| Pension plan accruals and contributions | $4,347,040 |
| Other employee benefits | $11,430,967 |
| Payroll taxes | $4,610,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,003 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $566,832 |
| Fees for services: Other | $13,443,695 |
| Advertising and promotion | $8,181 |
| Office expenses | $5,908,806 |
| Information technology | $2,999,764 |
| Royalties | $0 |
| Occupancy | $2,583,868 |
| Travel | $272,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,144 |
| Interest | $757,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,939,543 |
| Insurance | $746,256 |
| All other expenses | $0 |
| Total functional expenses | $222,033,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,357 |
| Savings and temporary cash investments | $62,137,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,297,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $889,439 |
| Inventories for sale or use | $4,623,315 |
| Prepaid expenses and deferred charges | $1,192,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $233,779,259 |
| Investments—program-related | $2,040,808 |
| Intangible assets | $452,633 |
| Other assets | $3,772,465 |
| Total assets | $389,647,054 |
| Accounts payable and accrued expenses | $35,904,154 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,701,389 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,473,751 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,943,057 |
| Total liabilities | $65,022,351 |
| 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 | $324,624,703 |
Grants Awarded
Over the last fiscal year, St Joseph S Medical Center has awarded $379,442 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ESSENTIA HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $364,442 |
SALVATION ARMY PURPOSE: PROGRAM SUPPORT | $15,000 |