St Lukes Foundation
- Assets
- $84.3m
- Revenue
- $6.2m
- Investments
- $64.9m
- Employees
- 9
- Location
- Houston, TX
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 45-3811485
Organization Overview
St Lukes Foundation is located in Houston, TX. The organization was established in 2014. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2022, St Lukes Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St 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 06/2022, St Lukes Foundation generated $6.2m 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 (4.2%) each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Lukes Foundation has awarded 41 individual grants totaling $24,024,276. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTHCARE EXCELLENCE, ADVANCES IN MEDICAL SCIENCE AND IMPROVEMENT IN COMMUNITY HEALTH IN THE AREAS SERVED BY THE CHI ST. LUKE'S HEALTH SYSTEM IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LUKE'S FOUNDATION SUPPORTS THE TRANSFORMATIVE MISSION AND VISION OF CHI ST. LUKE'S HEALTH THROUGH PHILANTHROPIC EFFORTS SUCH AS ITS ANNUAL FRIENDS OF NURSING LUNCHEON. BY RAISING FUNDS IN SUPPORT OF EDUCATION, RESEARCH AND HEALTH INITIATIVES, THE FOUNDATION HELPS CHI ST. LUKE'S HEALTH SERVE AS A BEACON OF HEALTH AND HEALING. OUR LEGACY OF CARE GUIDES US AS, TOGETHER WITH OUR COMMITTED DONORS, WE USHER IN A NEW ERA OF HEALTHCARE BY GOING BEYOND THE WALLS OF OUR HOSPITALS TO CREATE HEALTHIER COMMUNITIES. THE ANNUAL FRIENDS OF NURSING LUNCHEON RAISES FUNDS FOR NURSING SCHOLARSHIPS, FELLOWSHIPS AND NURSING RESEARCH AT BAYLOR ST. LUKE'S. SINCE 1987, MORE THAN 170 DESERVING RECIPIENTS HAVE ADVANCED THEIR NURSING CAREERS, THANKS TO THE GENEROSITY AND VISION OF FRIENDS OF NURSING SUPPORTERS. DUE TO THE COVID-19 PANDEMIC, THE ANNUAL FRIENDS OF NURSING LUNCHEON WAS CANCELED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Jones Former Officer | 0 | $0 | |
T Douglas Lawson PHD Ex-Officio/ceo Of Chi St. Luke's Health | OfficerTrustee | 1 | $0 |
Linda Kulhanek CFO Of Chi St. Luke's Health System | Officer | 1 | $0 |
Mark Teresi Former CFO Of St. Luke's Health System | 0 | $0 | |
Daniel Martin JD Ex-Officio/div VP Development | OfficerTrustee | 50 | $254,605 |
Erin Meade Director-Development/ex-Officio/interim VP Develop | 50 | $248,929 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $234,743 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,406,113 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,890,856 |
| Total Program Service Revenue | $0 |
| Investment income | $542,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,794,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,231,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,714,190 |
| 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. | $376,223 |
| Compensation of current officers, directors, key employees. | $75,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $672,596 |
| Pension plan accruals and contributions | $26,510 |
| Other employee benefits | $82,993 |
| Payroll taxes | $64,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $96,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,412 |
| Advertising and promotion | $1,342 |
| Office expenses | $4,414 |
| Information technology | $135,743 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $786 |
| Interest | $0 |
| Payments to affiliates | $133,547 |
| Depreciation, depletion, and amortization | $182,570 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,672,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,402,125 |
| Pledges and grants receivable | $2,625,049 |
| Accounts receivable, net | $3,794 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $377,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,887,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,297,994 |
| Accounts payable and accrued expenses | $1,073,509 |
| 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 | $87,379,398 |
| Total liabilities | $88,452,907 |
| Net assets without donor restrictions | -$17,344,942 |
| Net assets with donor restrictions | $13,190,029 |
| 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 | $84,297,994 |
Grants Awarded
Over the last fiscal year, St Lukes Foundation has awarded $4,699,516 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST LUKE'S HEALTH SYSTEM CORP PURPOSE: PROGRAM SUPPORT | $808,107 |
CHI ST LUKE'S HEALTH BAYLOR COLLEGE OF MEDICINE MEDICAL CENTER PURPOSE: PROGRAM SUPPORT | $3,289,963 |
TEXAS HEART INSTITUTE PURPOSE: PROGRAM SUPPORT - ENDOWED CHAIRS | $506,502 |
MEMORIAL HEALTH SYTEM OF EAST TEXAS PURPOSE: PROGRAM SUPPORT | $89,594 |
COMMUNITY HOSPITAL OF BRAZOSPORT PURPOSE: PROGRAM SUPPORT | $5,350 |