Bon Secours Richmond Healthcare Foundation Foundation
- Assets
- $0.0
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Richmond, VA
- Founding
- 05/1982
- Data as of
- 12/2019
- EIN
- 54-1201346
Organization Overview
Bon Secours Richmond Healthcare Foundation Foundation is located in Richmond, VA. The organization was established in 1982. 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 12/2019, Bon Secours Richmond Healthcare Foundation Foundation employed 20 individuals. Bon Secours Richmond Healthcare Foundation 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 12/2019, Bon Secours Richmond Healthcare Foundation Foundation generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (27.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bon Secours Richmond Healthcare Foundation Foundation has awarded 51 individual grants totaling $30,006,673. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING & GRANT MAKING IN SUPPORT OF THE NOT-FOR-PROFIT MISSION OF BON SECOURS RICHMOND HEALTH SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BON SECOURS RICHMOND HEALTHCARE FOUNDATION SERVES THE GREATER RICHMOND, VIRGINIA COMMUNITY THROUGH THE SUPPORT PROVIDED TO THE BON SECOURS MERCY HEALTH SYSTEM AND ITS NOT-FOR PROFIT ENTITIES. THE BON SECOURS RICHMOND HEALTHCARE FOUNDATION CONTRIBUTES TO THE FULFILLMENT OF THE MISSION OF BON SECOURS MERCY HEALTH WHICH IS TO BRING COMPASSION TO HEALTHCARE AND TO BE GOOD HELP TO THOSE IN NEED, ESPECIALLY THOSE WHO ARE POOR AND DYING. AS A SYSTEM OF CAREGIVERS, WE COMMIT OURSELVES TO HELP BRING PEOPLE AND COMMUNITIES TO HEALTH AND WHOLENESS AS PART OF THE HEALING MINISTRY OF JESUS CHRIST AND THE CATHOLIC CHURCH. THE MISSION OF THE SISTERS OF BON SECOURS "GOOD HELP TO THOSE IN NEED" SUPPORTS THE NOT-FOR-PROFIT ENTITIES OF BON SECOURS RICHMOND HEALTH CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Ceo-Bsv | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carter Financial Corporation Fundraising Consulting | 12/30/19 | $137,500 |
Historic Hotels Llc Hospitality | 12/30/19 | $122,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,920 |
| Related organizations | $765,897 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,430,968 |
| Noncash contributions included in lines 1a–1f | $82,277 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,461,785 |
| Total Program Service Revenue | $0 |
| Investment income | $155,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$162,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,502,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,410,124 |
| 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. | $171,476 |
| Compensation of current officers, directors, key employees. | $8,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,799 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,193 |
| Payroll taxes | $35,999 |
| 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 | $12,934 |
| Office expenses | $6,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $390 |
| Travel | $27,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,109 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,204,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Bon Secours Richmond Healthcare Foundation Foundation has awarded $1,018,286 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: Mission Support | $642,622 |
Richmond, VA PURPOSE: Mission Support | $216,158 |
Richmond, VA PURPOSE: Mission Support | $110,430 |
Richmond, VA PURPOSE: Mission Support | $49,076 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bon Secours Richmond Healthcare Foundation Foundation has recieved totaling $210,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Charities Inc Ponte Vedra Beach, FL PURPOSE: General Support | $110,000 |
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $6,204,511 |
| Net Contributions | $57,935 |
| Other Expense | $6,262,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |