Pallottine Health Services
- Assets
- $21.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 03/1946
- Data as of
- 09/2023
- EIN
- 55-0688201
Organization Overview
Pallottine Health Services is located in Huntington, WV. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Pallottine Health Services 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 09/2023, Pallottine Health Services generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $44.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PALLOTTINE HEALTH SERVICES IS TO SUPPORT THE PALLOTTINE MISSIONARY SISTERS QUEEN OF APOSTLES PROVINCE, A RELIGIOUS NONPROFIT, PROVIDED EITHER THROUGH FINANCIAL OR OTHER ASSISTANCE. THE PALLOTTINE SISTERS PROMOTE HUMAN\RELIGIOUS PROFESSIONAL AND ECONOMIC VALUES WHICH ARE CONSISTENT WITH THE TEACHINGS OF THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL, MANAGEMENT AND SPIRITUAL SUPPORT TO AND FOR THE BENEFIT OF THE PALLOTTINE MISSIONARY SISTERS-QUEEN OF APOSTLES PROVINCE, A NONPROFIT WOMEN RELIGIOUS INSTITUTE OF THE ROMAN CATHOLIC CHURCH INCORPORATED UNDER THE LAW OF THE STATE OF MISSOURI AND ANY OTHER CORPORATION OR ENTITY EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 THAT IS CONTROLLED BY OR AFFILIATED WITH THE PALLOTTINE MISSIONARY SISTERS-QUEEN OF APOSTLES PROVINCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Mary Grace Barile Sac President | OfficerTrustee | 4 | $0 |
Sr M Francesca Lowis Sac Secretary | OfficerTrustee | 38 | $0 |
S David Creech Treasurer | OfficerTrustee | 2 | $0 |
Sr Mary Terence Wall Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lashly & Baer Pc Legal | 9/29/18 | $101,000 |
Congregazione Per Gli Istituti Legal | 9/29/18 | $350,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $270,172 |
| 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 | $6,270,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $2,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,593 |
| Fees for services: Other | $45 |
| Advertising and promotion | $0 |
| Office expenses | $116 |
| 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 | $44,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,538 |
| 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 | $20,780,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,955,713 |
| Accounts payable and accrued expenses | $7 |
| 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 | $7 |
| Net assets without donor restrictions | $14,955,706 |
| Net assets with donor restrictions | $6,000,000 |
| 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 | $20,955,713 |
Grants Awarded
Over the last fiscal year, Pallottine Health Services has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SMMC FOUNDATION PURPOSE: Benefit Kids In Motion and Hospitality House | $5,000 |
CABELL-HUNTINGTON COALITION FOR THE HOMELESS PURPOSE: Support for the homeless | $7,000 |