Bon Secours-St Francis Xavier Hospital Inc
- Assets
- $470.6m
- Revenue
- $309.3m
- Investments
- $0.0
- Employees
- 1,243
- Location
- Ladson, SC
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 57-1067254
Organization Overview
Bon Secours-St Francis Xavier Hospital Inc is located in Ladson, SC. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Bon Secours-St Francis Xavier Hospital Inc employed 1,243 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bon Secours-St Francis Xavier Hospital Inc 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 12/2022, Bon Secours-St Francis Xavier Hospital Inc generated $309.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $267.9m during the year ending 12/2022. While expenses have increased by 4.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF NONPROFIT HOSPITAL FACILITY IN CHARLESTON, SC.
Describe the Organization's Program Activity:
KNOWN FOR COMPASSIONATE, QUALITY HEALTH CARE, BON SECOURS ST. FRANCIS XAVIER HOSPITAL TRACES ITS MISSION BACK TO 1882 WHEN FIVE SISTERS OF CHARITY OF OUR LADY OF MERCY OPENED ST. FRANCIS INFIRMARY IN DOWNTOWN CHARLESTON AS THE FIRST CATHOLIC MEDICAL CENTER IN THE STATE. BON SECOURS ST. FRANCIS XAVIER HOSPITAL OFFERS THE LATEST MEDICAL TECHNOLOGY AND COMPREHENSIVE ACUTE CARE WHILE HONORING ITS COMMITMENT TO CARING FOR THE "WHOLE PERSON" - PHYSICALLY, SPIRITUALLY AND EMOTIONALLY. IN 2022, BON SECOURS ST. FRANCIS XAVIER HOSPITAL CONTRIBUTED $12.8 MILLION IN COMMUNITY BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair, Neurosurgeon - Rsfpp | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice Chair, Bsmh Chief Clinical Officer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Board Member; Chief Spons. Officer Prov Grp - Bsmh | Trustee | 0.5 | $0 |
Name Not Listed Board Member | Trustee | 0.5 | $0 |
Name Not Listed Board Member | Trustee | 0.5 | $0 |
Name Not Listed Board Member, Surgeon - Rsfpp | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charleston Emergency Services Er Physician Services | 12/30/18 | $6,227,266 |
Charleston Anesthesia Group Llc Anesthesia Services | 12/30/18 | $3,180,238 |
Rightsourcing Inc Temp. Labor | 12/30/18 | $980,135 |
Charleston Maternal Fetal Medicine Llc Physician Fees | 12/30/18 | $952,124 |
Morrison Management Services Dietary Management Fees | 12/30/18 | $831,866 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,567,682 |
| Government grants | $235,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $2,420 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,803,322 |
| Total Program Service Revenue | $305,114,321 |
| Investment income | $4,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $138,733 |
| Net Gain/Loss on Asset Sales | -$131,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,863 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,301,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,213 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $666,154 |
| Compensation of current officers, directors, key employees. | $133,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,420,660 |
| Pension plan accruals and contributions | $2,339,858 |
| Other employee benefits | $11,342,649 |
| Payroll taxes | $4,718,659 |
| 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 | $91,376,639 |
| Advertising and promotion | $3,117 |
| Office expenses | $5,902,381 |
| Information technology | $271,681 |
| Royalties | $0 |
| Occupancy | $4,447,331 |
| Travel | $52,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,516 |
| Interest | $1,384,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,590,267 |
| Insurance | $27,704 |
| All other expenses | $404,185 |
| Total functional expenses | $267,859,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,581,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,249,383 |
| Prepaid expenses and deferred charges | $1,545,586 |
| Net Land, buildings, and equipment | $163,358,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $171,326,767 |
| Intangible assets | $0 |
| Other assets | $76,564,167 |
| Total assets | $470,647,138 |
| Accounts payable and accrued expenses | $8,253,069 |
| 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 | $140,383,381 |
| Total liabilities | $148,636,450 |
| Net assets without donor restrictions | $322,010,688 |
| 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 | $470,647,138 |