Ascension Care Management Insurance Holdings
- Assets
- $339.6m
- Revenue
- $66.7m
- Investments
- $109.8m
- Employees
- 82
- Location
- St Louis, MO
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1121862
Organization Overview
Ascension Care Management Insurance Holdings is located in St Louis, MO. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Ascension Care Management Insurance Holdings employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascension Care Management Insurance Holdings 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, Ascension Care Management Insurance Holdings generated $66.7m in total revenue. All expenses for the organization totaled $21.7m during the year ending 12/2021. While expenses have increased by 97.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS IS A CATHOLIC HEALTH MINISTRY DEDICATED TO IMPROVING THE HEALTH OF INDIVIDUALS AND COMMUNITIES.
Describe the Organization's Program Activity:
THE CATHOLIC RELIGIOUS COMMUNITIES AND HEALTH MINISTRIES WHICH FORMED ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS AND WHOSE CHARITABLE MISSIONS ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS CONTINUES TO SUPPORT HAVE CHARGED THE ORGANIZATION WITH FURTHERING THEIR MISSIONS OF SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. ASCENSION CARE MANAGEMENT INSURANCE HOLDINGS OPERATED IN EIGHT STATES AND CREATES CUSTOMIZED HEALTHCARE SOLUTIONS FOR HEALTH SYSTEMS, PAYERS AND EMPLOYERS THAT STABILIZE COSTS, IMPROVE OUTCOMES AND ENHANCE THE EXPERIENCE FOR BOTH PROVIDERS AND INDIVIDUALS. OUR RANGE OF SERVICES STRIVE TO CREATE A SEAMLESS HEALTHCARE EXPERIENCE FOR PROVIDERS, PAYERS AND HEALTHCARE LEADERS BY IMPROVING ACCESS TO AND REMOVING COMPLEXITY FROM THE DELIVERY OF HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President (start 11/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Director (end 11/2022)/secretary | OfficerTrustee | 0 | $0 |
Name Not Listed President & CEO (end 11/2022) | OfficerTrustee | 0 | $0 |
Name Not Listed Director (start 9/2022) | Trustee | 0 | $0 |
Name Not Listed Director (start 11/2022) | Trustee | 0 | $0 |
Name Not Listed Director (end 8/2022) | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $44,918,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,712,451 |
| 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. | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,734,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $109,800,562 |
| Investments—program-related | $229,838,283 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,648,565 |
| Accounts payable and accrued expenses | $9,344,280 |
| 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 | $0 |
| Total liabilities | $9,344,280 |
| Net assets without donor restrictions | $330,304,285 |
| 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 | $330,304,285 |