Christus Foundation For Healthcare
- Assets
- $85.3m
- Revenue
- $4.4m
- Investments
- $2.8m
- Employees
- 10
- Location
- Houston, TX
- Founding
- 05/1966
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Christus Foundation For Healthcare generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christus Foundation For Healthcare has awarded 52 individual grants totaling $37,643,535. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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:
Part 3 - Line 4a
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.
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 |
|---|---|---|---|
Douglas Hidalgo Chair | OfficerTrustee | 2 | $0 |
Donald Anderson Vice Chair | OfficerTrustee | 2 | $0 |
Richard R Torres President | OfficerTrustee | 35 | $0 |
Carolyn Forney Secretary | OfficerTrustee | 2 | $0 |
Ramon A Vitulli III Treasurer | OfficerTrustee | 2 | $0 |
Paige Abernathy Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Investigation And Security Security Services | 6/29/22 | $244,967 |
Boston Trust Walden Investment Management Services | 6/29/22 | $108,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $353,237 |
| Related organizations | $20,036 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,148,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,521,843 |
| Total Program Service Revenue | $18,586 |
| Investment income | $1,925,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $231,586 |
| Net Rental Income | $45,358 |
| Net Gain/Loss on Asset Sales | $663,631 |
| Net Income from Fundraising Events | -$35,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,370,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,395,668 |
| Grants and other assistance to domestic individuals. | $44,286 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,786 |
| Compensation of current officers, directors, key employees. | $123,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,534 |
| Payroll taxes | $56,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $103,933 |
| Fees for services: Investment Management | $264,671 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,600 |
| Office expenses | $56,450 |
| Information technology | $77,972 |
| Royalties | $0 |
| Occupancy | $1,596 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,876 |
| All other expenses | $0 |
| Total functional expenses | $6,097,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,264,644 |
| Pledges and grants receivable | $122,375 |
| Accounts receivable, net | $175,217 |
| 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 | $26,518 |
| Net Land, buildings, and equipment | $794,800 |
| Investments—publicly traded securities | $78,079,545 |
| Investments—other securities | $2,792,494 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,255,593 |
| Accounts payable and accrued expenses | $151,634 |
| Grants payable | $1,857,743 |
| 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 | $442,794 |
| Total liabilities | $2,452,171 |
| Net assets without donor restrictions | $60,789,108 |
| Net assets with donor restrictions | $22,014,314 |
| 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 | $85,255,593 |
Grants Awarded
Over the last fiscal year, Christus Foundation For Healthcare has awarded $3,837,378 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTUS HEALTH GULF COAST PURPOSE: Community outreach | $1,290,884 |
CATHOLIC CHARITIES PURPOSE: Counseling | $210,000 |
UNIVERSITY OF ST THOMAS PURPOSE: Education | $20,000 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: Community outreach | $126,220 |
CHRISTUS HEALTH SETX PURPOSE: Community outreach | $2,190,274 |