Christus Foundation For Healthcare
- Assets
- $95.6m
- Revenue
- $5.6m
- Investments
- $2.9m
- Employees
- 10
- Location
- Houston, TX
- Founding
- 05/1966
- Data as of
- 06/2021
- EIN
- 74-6074210
Organization Overview
Christus Foundation For Healthcare is located in Houston, TX. The organization was established in 1966. 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 06/2021, Christus Foundation For Healthcare employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christus Foundation For Healthcare 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 06/2021, Christus Foundation For Healthcare generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christus Foundation For Healthcare has awarded 46 individual grants totaling $38,537,785. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES HEALTH AND WELFARE OF PEOPLE IN NEED IN HOUSTON-GALVESTON THROUGH CHRISTUS & AFFILIATES.
Describe the Organization's Program Activity:
MEDICAL CARE AND COMMUNITY OUTREACH FOR NEEDY MEN, WOMEN AND CHILDREN IN THE GREATER HOUSTON/GALVESTON AREA. CARE IS PROVIDED THROUGH CHRISTUS FACILITIES AND PROGRAMS INCLUDING THE HEALTHY LIVING MOBILE CLINIC, OUR DAILY BREAD, SCHOOL CLINICS, POINT OF LIGHT CLINIC AND ST. MARY'S CLINIC. WE PRACTICE A HOLISTIC APPROACH TO HEALTHCARE THAT RECOGNIZES EACH PERSON'S NEED FOR PHYSICAL, EMOTIONAL AND SPIRITUAL WELL-BEING. IN PURSUING OUR MISSION, WE STRIVE TO UPHOLD THE BASIC RIGHTS AND RESPONSIBILITIES OF PATIENTS AND INDIVIDUALS AND TO ENCOURAGE ACTIVE PARTICIPATION IN THEIR CARE.
EQUIPMENT AND CONSTRUCTION FUNDING PROVIDED TO THE HEALTHY LIVING MOBILE CLINIC, ST. MARY'S CLINIC, OUR DAILY BREAD AND THE MIDTOWN HEALTH CENTER. THIS FUNDING ALLOWS US TO DELIVER QUALITY CARE AND SERVICES TO ALL RACES, CREEDS, NATIONALITIES, SEXES AND AGES. IN ADDITION, IT ALLOWS US TO TREAT EACH OTHER WITH FAIRNESS AND DIGNITY, AS WELL AS TO STRIVE TO ACHIEVE THE HIGHEST LEVEL OF PERSONAL GROWTH AND DEVELOPMENT IN AN ATMOSPHERE THAT RECOGNIZES CREATIVITY AND INNOVATION.
FUNDING TO OTHER ORGANIZATIONS THROUGHOUT THE HOUSTON/GALVESTON AREA WHICH SUPPORT CHRISTUS MINISTRIES INCLUDING GRANTS FOR MENTAL HEALTH COUNSELORS, DENTAL SERVICES, AND EDUCATION SUPPORTING THE UNDER-INSURED AND INDIGENT. IT ALLOWS US TO WORK IN HARMONY WITH OUR PARTNERS AND VOLUNTEERS, RECOGNIZING OUR MUTUAL RESPONSIBILITY TO MEET THE NEEDS OF OUR PATIENTS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Nicas Chief Dir Dev | 40 | $146,445 | |
Wade Hopwood Finance Dir | Officer | 40 | $129,308 |
Jeannette Baughman Secretary | Officer | 24 | $123,596 |
William Bill H Wallace Chairman | OfficerTrustee | 5 | $0 |
Douglas Hidalgo Vice Chair | OfficerTrustee | 3 | $0 |
Hunter Nelson Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $267,387 |
| Related organizations | $21,737 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,151,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,012 |
| Total Program Service Revenue | $18,323 |
| Investment income | $1,771,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $258,046 |
| Net Rental Income | $27,023 |
| Net Gain/Loss on Asset Sales | $2,112,467 |
| Net Income from Fundraising Events | $2,895 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,631,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,192,774 |
| 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. | $256,280 |
| Compensation of current officers, directors, key employees. | $91,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,743 |
| Payroll taxes | $56,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,500 |
| Fees for services: Investment Management | $276,318 |
| Fees for services: Other | $23,381 |
| Advertising and promotion | $152,296 |
| Office expenses | $58,122 |
| Information technology | $59,872 |
| Royalties | $0 |
| Occupancy | $3,651 |
| Travel | $1,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,358 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,093 |
| All other expenses | $1,156 |
| Total functional expenses | $5,039,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,682,879 |
| Pledges and grants receivable | $82,600 |
| Accounts receivable, net | $188,034 |
| 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 | $30,637 |
| Net Land, buildings, and equipment | $794,800 |
| Investments—publicly traded securities | $89,930,789 |
| Investments—other securities | $2,915,664 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,625,403 |
| Accounts payable and accrued expenses | $110,391 |
| Grants payable | $832,833 |
| Deferred revenue | $82,673 |
| 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 | $231,900 |
| Total liabilities | $1,257,797 |
| Net assets without donor restrictions | $70,134,363 |
| Net assets with donor restrictions | $24,233,243 |
| 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 | $95,625,403 |
Grants Awarded
Over the last fiscal year, Christus Foundation For Healthcare has awarded $2,855,984 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Irving, TX PURPOSE: Community Outreach | $1,662,028 |
Irving, TX PURPOSE: Community Outreach | $973,956 |
Houston, TX PURPOSE: Community Outreach | $200,000 |
Houston, TX PURPOSE: Education | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Christus Foundation For Healthcare has recieved totaling $514,697.
| Awarding Organization | Amount |
|---|---|
Thomas G And Nancy J Macrini Foundation Inc Houston, TX PURPOSE: SCHOOL BASED CLINIC | $250,000 |
United Way Of Galveston Inc Galveston, TX PURPOSE: GENERAL SUPPORT | $35,000 |
Scanlan Foundation Houston, TX PURPOSE: TO SUPPORT CATHOLIC EDUCATIONAL, SOCIAL SERVICES AND CHARITABLE ACTIVITIES | $30,400 |
Brown Foundation Inc Houston, TX PURPOSE: "IMMUNIZE FOR LIFE" | $25,000 |
Scurlock Foundation Houston, TX PURPOSE: TWO MOBILE HEALTHCARE UNITS | $25,000 |
Hildebrand Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $28,122,701 |
| Earnings | $6,975,182 |
| Admin Expense | $60,562 |
| Grants | $636,014 |
| Ending Balance | $34,401,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |