St Vincent Infirmary Development Foundation
- Assets
- $33.0m
- Revenue
- $3.1m
- Investments
- $29.2m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 01/1976
- Data as of
- 06/2020
- EIN
- 51-0169537
Organization Overview
St Vincent Infirmary Development Foundation is located in Little Rock, AR. The organization was established in 1976. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. St Vincent Infirmary Development 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 06/2020, St Vincent Infirmary Development Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Vincent Infirmary Development Foundation has awarded 26 individual grants totaling $12,494,207. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, SUPPORT, AND ENCOURAGE THE ACTIVITIES AND PURPOSES OF THE ST. VINCENT HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. VINCENT FOUNDATION WAS INCORPORATED AS A 509(A)(3), TAX-EXEMPT, CHARITABLE SUPPORTING ORGANIZATION OF ST. VINCENT INFIRMARY MEDICAL CENTER ("SVIMC") IN 1975 TO SERVE AS THE OFFICIAL GIFT-RECEIVING AND GIFT-ADMINISTRATION AGENCY FOR SVIMC IN CENTRAL ARKANSAS. IT IS THE MISSION OF ST. VINCENT FOUNDATION TO ENSURE THAT SVIMC HAS THE CHARITABLE AND COMMUNITY RESOURCES NECESSARY TO SUSTAIN ITS MINISTRIES THAT ENHANCE THE HEALTH OF THOSE WE SERVE THROUGH REVERENCE, INTEGRITY, COMPASSION AND EXCELLENCE. THROUGH THE CHARITABLE CONTRIBUTIONS OF ARKANSANS AROUND THE STATE, ST. VINCENT FOUNDATION IS ABLE TO HELP SUPPORT THE HOSPITALS, CLINICS AND COMMUNITY OUTREACH PROGRAMS OF SVIMC. ST. VINCENT FOUNDATION'S CURRENT THREE MEMBER STAFF AND BOARD OF DIRECTORS RAISE FUNDS THROUGH SPECIAL EVENTS, ANNUAL GIVING, MAJOR GIFTS, PLANNED GIVING, CORPORATE/FOUNDATION GRANTS AND CAPITAL CAMPAIGNS TO HELP FUND VIRTUALLY EVERY HEALTH CARE PROGRAM, PROJECT AND COMMUNITY OUTREACH SERVICE OFFERED BY THE HOSPITALS, CARE CENTERS AND CLINICS OF SVIMC. IN FISCAL YEAR 2021, THE FOUNDATION RAISED OVER $1.4 MILLION FOR THESE PURPOSES. THE FOUNDATION CURRENTLY MAINTAINS RESERVE ASSETS OF APPROXIMATELY $35.6 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Aduddell Market CEO | OfficerTrustee | 1 | $0 |
Laura Cook SVP & Cdo | OfficerTrustee | 1 | $0 |
Susan Blair Treasurer | OfficerTrustee | 1 | $0 |
Rick Blank Chair | OfficerTrustee | 1 | $0 |
Mark Middleton Secretary | OfficerTrustee | 1 | $0 |
Troy Hammett Div SVP CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,428,203 |
| Investment income | $586,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,099,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,113,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $146,150 |
| 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 | $33,780 |
| Advertising and promotion | $390 |
| Office expenses | $3,084 |
| 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 | $27,355 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,457,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,038,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,261,932 |
| 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 | $19,390 |
| Investments—publicly traded securities | $490,376 |
| Investments—other securities | $29,209,138 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,200 |
| Total assets | $33,031,505 |
| Accounts payable and accrued expenses | $239,097 |
| 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 | $2,813,651 |
| Total liabilities | $3,052,748 |
| 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 | $29,978,757 |
Grants Awarded
Over the last fiscal year, St Vincent Infirmary Development Foundation has awarded $3,133,448 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR PURPOSE: PROGRAM SUPPORT | $2,294,944 |
Hot Springs, AR PURPOSE: PROGRAM SUPPORT | $769,448 |
Little Rock, AR PURPOSE: PROGRAM SUPPORT | $59,181 |
Hot Springs, AR PURPOSE: PROGRAM SUPPORT | $9,875 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Vincent Infirmary Development Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Brown Foundation Inc Houston, TX PURPOSE: NEW INPATIENT SUBSTANCE ABUSE DISORDER TREATMENT UNIT | $5,000 |
Endowment Analysis
| Beg. Balance | $2,946,838 |
| Earnings | $726,997 |
| Net Contributions | $21,100 |
| Other Expense | $55,690 |
| Grants | $4,638 |
| Ending Balance | $3,634,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |