Christus Health Strategic Growth
- Assets
- $285.8m
- Revenue
- $2.1m
- Investments
- $16.3m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 11/2015
- Data as of
- 06/2020
- EIN
- 46-2798043
Organization Overview
Christus Health Strategic Growth is located in Irving, TX. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christus Health Strategic Growth 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 06/2020, Christus Health Strategic Growth generated $2.1m in total revenue. All expenses for the organization totaled $15.0k during the year ending 06/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE HEALTH CARE MINISTRIES OF THE SPONSORING CONGREGATIONS IN EXTENDING THE HEALING MINISTRY OF JESUS CHRIST IN CONFORMITY WITH THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTUS HEALTH STRATEGIC GROWTH'S (CHSG) PRIMARY PURPOSE IS TO AID, LEND FINANCIAL SUPPORT AND ASSISTANCE TO, AND TO INVEST AND/OR DISPOSE OF FUNDS OF FOR THE USE AND BENEFIT OF, AND IN FURTHERANCE OF THE CHARITABLE PURPOSES OF CHRISTUS HEALTH (CH) AND CHRISTUS CONTINUING CARE (CCC), BOTH IN THE U.S. AND ABROAD. ONE OF CHSG'S SPECIFIC PURPOSES IS TO HOLD INTERESTS IN FOREIGN ENTITIES AND PROVIDE FINANCING TO FOREIGN INTERESTS IN SUPPORT OF THE SECTION 501(C )(3) MISSIONS OF CH AND CCC. CHSG HAS NO EMPLOYEES AND IT IS NOT ANTICIPATED THAT CHSG WILL HAVE EMPLOYEES IN THE FUTURE. WHILE IT IS ANTICIPATED THAT CHSG WILL SUPPORT CH AND CCC IN PROVIDING CHARITABLE HEALTH CARE SERVICES IN A NUMBER OF FOREIGN JURISDICTIONS, AS OF THE DATE OF THIS RETURN, CHSG'S ACTIVITIES HAVE BEEN DIRECTED TOWARD PROVIDING FINANCING IN SUPPORT OF CH AND CCC'S CHILEAN HEALTH CARE ACTIVITIES AND THE ACQUISITION OF AN INVESTMENT IN US URGENT CARE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernie W Sadau Chair/president | OfficerTrustee | 1 | $0 |
Randy W Safady Dir / Treasurer | OfficerTrustee | 1 | $0 |
Linda K Mcclung Exec Council (thru 08/2019) | Officer | 1 | $0 |
Melissa Williams Treasurer | Officer | 1 | $0 |
Karen R Oliver Secretary | Officer | 1 | $0 |
Jeffrey M Puckett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,088,086 |
| 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 | $2,088,086 |
| 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 | $11,197 |
| 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 | $1,151 |
| Advertising and promotion | $0 |
| Office expenses | $2,684 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,414,113 |
| Savings and temporary cash investments | $787,195 |
| 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 | $16,308,594 |
| Investments—program-related | $161,304,970 |
| Intangible assets | $0 |
| Other assets | $44,962,886 |
| Total assets | $285,777,758 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $285,777,758 |
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