Saint Lukes Foundation
- Assets
- $267.6m
- Revenue
- $14.2m
- Investments
- $200.8m
- Employees
- 19
- Location
- Kansas City, MO
- Founding
- 08/1964
- Data as of
- 12/2021
- EIN
- 44-6014699
Organization Overview
Saint Lukes Foundation is located in Kansas City, MO. The organization was established in 1964. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Saint Lukes Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Lukes 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 12/2021, Saint Lukes Foundation generated $14.2m 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 (13.0%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Saint Lukes Foundation has awarded 87 individual grants totaling $115,664,473. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND SUPPORT OF MEDICAL EDUCATION, RESEARCH, AND PATIENT CARE PROGRAMS FOR THE BENEFIT OF SAINT LUKE'S HEALTH SYSTEM.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Milakovich Chief Operating Officer | Officer | 40 | $296,804 |
Brian Moore Interim CEO | OfficerTrustee | 40 | $165,176 |
Susan Melton Senior Development Director | 40 | $130,358 | |
Christie Ruhl Dir Of Development-Cen Region | 40 | $117,970 | |
Meredith Cantrell Health Strategy Consultant | 40 | $111,150 | |
Laura Berger Dir Of Development-Corp Engmt | 40 | $106,309 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James Engle Custom Homes Construction | 12/30/21 | $3,388,867 |
Concrete Masonry Restoration Inc Construction | 12/30/21 | $177,518 |
Weltner Equities Construction | 12/30/21 | $238,192 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $164,479 |
| Related organizations | $98,055 |
| Government grants | $501,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,901,257 |
| Noncash contributions included in lines 1a–1f | $268,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,664,950 |
| Total Program Service Revenue | $1,128,039 |
| Investment income | $1,185,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,219 |
| Net Rental Income | $432,197 |
| Net Gain/Loss on Asset Sales | $2,655,576 |
| Net Income from Fundraising Events | -$2,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,180,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,215,306 |
| Grants and other assistance to domestic individuals. | $87,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,070 |
| Compensation of current officers, directors, key employees. | $397,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,532,995 |
| Pension plan accruals and contributions | $50,382 |
| Other employee benefits | $268,884 |
| Payroll taxes | $141,049 |
| Fees for services: Management | $34,118 |
| Fees for services: Legal | $10,996 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,213 |
| Fees for services: Other | $86,660 |
| Advertising and promotion | $103,520 |
| Office expenses | $52,591 |
| Information technology | $181,740 |
| Royalties | $0 |
| Occupancy | $603,851 |
| Travel | $9,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,239 |
| Insurance | $34,777 |
| All other expenses | $234,048 |
| Total functional expenses | $15,775,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,847,951 |
| Pledges and grants receivable | $6,965,960 |
| Accounts receivable, net | $264,954 |
| 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 | $104,281 |
| Net Land, buildings, and equipment | $16,257,927 |
| Investments—publicly traded securities | $5,705,850 |
| Investments—other securities | $200,756,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,676,483 |
| Total assets | $267,580,144 |
| Accounts payable and accrued expenses | $4,309,285 |
| Grants payable | $3,956,671 |
| 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 | $1,987,915 |
| Total liabilities | $10,253,871 |
| Net assets without donor restrictions | $19,735,517 |
| Net assets with donor restrictions | $237,590,756 |
| 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 | $267,580,144 |
Grants Awarded
Over the last fiscal year, Saint Lukes Foundation has awarded $11,203,541 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: PATIENT CARE, RESEARCH, MEDICAL PROG & EDUC | $8,290,529 |
Kansas City, MO PURPOSE: PATIENT CARE, RESEARCH, MEDICAL PROG & EDUC | $1,593,245 |
Lees Summit, MO PURPOSE: PATIENT CARE & MEDICAL PROGRAMS | $506,256 |
UNIVERSITY OF MISSOURI KANSAS CITY PURPOSE: MEDICAL EDUCATION | $329,151 |
Kansas City, MO PURPOSE: PATIENT CARE, MEDICAL PROG & EDUC | $289,270 |
Overland Park, KS PURPOSE: PATIENT CARE, MEDICAL PROG & EDUC | $60,744 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Saint Lukes Foundation has recieved totaling $1,991,421.
| Awarding Organization | Amount |
|---|---|
Marion And Henry Bloch Family Foundation Kansas City, MO PURPOSE: SL BLOCH NEUROSCIENCE INSTITUTE (6 OF 10 PMTS) EXPANSION | $1,300,000 |
Merriman Foundation Washington, DC PURPOSE: CHARITABLE/RESEARCH | $270,000 |
Health Care Foundation Of Greater Kansas City Kansas City, MO PURPOSE: REACHN: RESILIENCE, EDUCATION, ACTIVITY, COMMUNITY, HEALTH, NUTRITION (FORMERLY CALLED HEALTH L.A.B.) | $100,000 |
G Kenneth And Ann Baum Philanthropic Fund Stillwell, KS PURPOSE: HEALTHCARE | $55,000 |
Saint Lukes North Hospital Kansas City, MO PURPOSE: SUPPORT FOR HEALTHCARE SERVICES | $51,127 |
Saint Lukes East Hospital Lees Summit, MO PURPOSE: SUPPORT FOR HEALTHCARE SERVICES | $30,000 |
Endowment Analysis
| Beg. Balance | $130,629,596 |
| Earnings | $23,789,126 |
| Admin Expense | $1,355,870 |
| Net Contributions | $1,174,133 |
| Other Expense | $5,628,961 |
| Grants | $2,080,677 |
| Ending Balance | $146,527,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Mid-South Carp Regional Council Health & Welfare Fund Goodlettsville, TN | $42,702,855 | $23,372,218 |
Baker & Mckenzie Medical Veba Tr Ua 061793 Chicago, IL | $1,238,348 | $20,940,528 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,304,856 | $21,574,079 |
Childrens Hospital Of Chicago Faculty Practice Plan Inc Chicago, IL | $22,288,566 | $28,193,203 |
Community General Hospital Employee Benefit Trust Sterling, IL | $99,515 | $21,314,742 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |