Sacred Heart Foundation
- Assets
- $26.6m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 10
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 59-2436597
Organization Overview
Sacred Heart Foundation, operating under the name See Schedule O, is located in St Louis, MO. The organization was established in 1946. 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 06/2021, See Schedule O employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.8m during the year ending 06/2020. While expenses have increased by 10.8% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR SACRED HEART HEALTH SYSTEM, INC., SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 1984, SACRED HEART FOUNDATION WAS FORMED AS A NOT-FOR-PROFIT, PHILANTHROPIC ORGANIZATION COMMITTED TO ENHANCING THE CURRENT AND FUTURE HEALTHCARE NEEDS OF THE GULF COAST BY SUPPORTING SACRED HEART HEALTH SYSTEM'S PROGRAMS, CAPITAL BUILDING AND EQUIPMENT NEEDS. ASCENSION SACRED HEART FOUNDATION IS A PHILANTHROPIC ADVOCATE IN SUPPORT OF ASCENSION SACRED HEART. IN THAT ROLE, WE ACTIVELY ENCOURAGE CONTRIBUTIONS AND INVITE VOLUNTEER PARTICIPATION TO SUPPORT THE WORK OF ASCENSION SACRED HEART HOSPITALS TO IMPROVE HEALTH CARE AND SOCIAL SERVICES FOR THE SICK AND POOR OF ALL AGES IN OUR REGION. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer (end 6/2018) | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,915,323 |
| Investment income | $318,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,045 |
| Net Gain/Loss on Asset Sales | -$325,643 |
| Net Income from Fundraising Events | $41,487 |
| Net Income from Gaming Activities | $950 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,999,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $70,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,001 |
| Pension plan accruals and contributions | $26,353 |
| Other employee benefits | $91,104 |
| Payroll taxes | $49,634 |
| 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 | $104,090 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,797 |
| Office expenses | $155,091 |
| Information technology | $6,702 |
| Royalties | $0 |
| Occupancy | $85,674 |
| Travel | $99,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,679 |
| Interest | $1,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,841,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,288,683 |
| Pledges and grants receivable | $2,728,149 |
| 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 | $53,002 |
| Investments—publicly traded securities | $14,737,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,278,839 |
| Total assets | $26,585,922 |
| Accounts payable and accrued expenses | $89,249 |
| 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 | $3,081,642 |
| Total liabilities | $3,170,891 |
| 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 | $23,415,031 |
Grants Awarded
Over the last fiscal year, Sacred Heart Foundation has awarded $4,452,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: GENERAL SUPPORT | $4,443,143 |
St Louis, MO PURPOSE: GENERAL SUPPORT | $8,982 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sacred Heart Foundation has recieved totaling $230,687.
| Awarding Organization | Amount |
|---|---|
Destin Charity Wine Auction Foundation Inc Miramar Beach, FL PURPOSE: CHARITY | $200,000 |
Driven Brands Charitable Foundation Charlotte, NC PURPOSE: CHARITABLE ASSISTANCE | $14,813 |
National Association Of Federal Credit Unions Inc Arlington, VA PURPOSE: MATCH OF PAC DONATIONS PROGRAM - PLEDGE OWED NOT PAID, NOT TAX DEDUCTIBLE PER FEC | $10,662 |
Childs Play Redmond, WA PURPOSE: GIFT | $5,212 |
Endowment Analysis
| Beg. Balance | $36,642 |
| Earnings | $4 |
| Net Contributions | $5,800 |
| Ending Balance | $42,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Cumberland County Hospital Association Inc Burkesville, KY | $27,206,653 | $23,152,789 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Macon County General Hospital Inc Lafayette, TN | $17,643,586 | $20,536,652 |
Antelope Memorial Hospital Neligh, NE | $29,095,684 | $21,690,516 |