Providence Foundation
- Assets
- $9.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 63-0915493
Organization Overview
Providence Foundation is located in St Louis, MO. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Providence 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 06/2022, Providence Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $488.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR PROVIDENCE HOSPITAL, 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
PROVIDENCE FOUNDATION IS A NOT-FOR-PROFIT, PHILANTHROPIC ORGANIZATION ESTABLISHED IN 1985 TO SOLICIT AND INVEST CONTRIBUTIONS, GIFTS AND BEQUESTS ON THE BEHALF OF ASCENSION PROVIDENCE HOSPITAL, SO THAT THEY MAY DEVELOP AND EXPAND THEIR SERVICES TO MOBILE, ALABAMA AND THE SURROUNDING AREA. PROVIDENCE FOUNDATION SUPPORTS THE MISSION OF ASCENSION PROVIDENCE HOSPITAL THROUGH COMMUNITY DONATIONS AS WELL AS FUNDRAISING EVENTS. THE FOUNDATION HOLDS SEVERAL FUNDRAISING EVENTS OF WHICH THE PROCEEDS ARE DESIGNATED TO DIFFERENT AREAS OF NEED AT PROVIDENCE EACH YEAR. THE FOUNDATION SUPPORTS THE HOSPITAL BY PROVIDING ASSISTANCE WITH CAPITAL NEEDS SUCH AS BUILDING RENOVATIONS AND MEDICAL EQUIPMENT. ASSISTANCE IS ALSO PROVIDED TO PATIENT SERVICES, CHARITY CARE, OUTREACH PROGRAMS AND SUPPORT GROUPS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVES IN SUPPORT OF ASCENSION'S COMMITMENT TO CARE FOR PATIENTS, COMMUNITIES, CAREGIVERS AND OTHER ASSOCIATES IN THEIR TIME OF NEED. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVES IN SUPPORT OF ASCENSION'S COMMITMENT TO CARE FOR PATIENTS, COMMUNITIES, CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ex-Officio/executive Director | OfficerTrustee | 0 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Immediate Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $270,652 |
| Related organizations | $1,072,739 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,340 |
| Total Program Service Revenue | $0 |
| Investment income | $305,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $333,419 |
| Net Income from Fundraising Events | -$87,508 |
| Net Income from Gaming Activities | $4,840 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,987,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $119,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,145 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,029 |
| Office expenses | $4,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,479 |
| Travel | $197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,991 |
| Insurance | $0 |
| All other expenses | $1,176 |
| Total functional expenses | $488,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $952,682 |
| Pledges and grants receivable | $40,770 |
| 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 | $317 |
| Net Land, buildings, and equipment | $602,456 |
| Investments—publicly traded securities | $3,641,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,386,659 |
| Total assets | $9,623,966 |
| Accounts payable and accrued expenses | $21,164 |
| Grants payable | $0 |
| Deferred revenue | $44,825 |
| 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 | $65,989 |
| Net assets without donor restrictions | $7,665,105 |
| Net assets with donor restrictions | $1,892,872 |
| 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 | $9,623,966 |
Grants Awarded
Over the last fiscal year, Providence Foundation has awarded $420,404 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROVIDENCE HOSPITAL PURPOSE: OPERATING SUPPORT | $379,930 |
PROVIDENCE BUILDING CORPORATION PURPOSE: OPERATING SUPPORT | $40,474 |