Covenant Health System Foundation

Organization Overview

Covenant Health System Foundation is located in Lubbock, TX. The organization was established in 2001. 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 12/2022, Covenant Health System Foundation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Health System 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 12/2022, Covenant Health System Foundation generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Covenant Health System Foundation has awarded 35 individual grants totaling $37,532,820. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OAS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OPROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORTENVIRONMENTAL , SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO ADVANCE A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION ("DEI"), AND ENVIRONMENTAL STEWARDSHIP. IN 2022, WE ELEVATED THE WORK OF DEI, BY RESTRUCTURING RESOURCES WITH PLANS TO ALIGN AND SCALE DEI STRATEGIES ACROSS THE PROVIDENCE FAMILY OF ORGANIZATIONS. WE CONTINUE TO EXECUTE ON OUR INTEGRATED STRATEGIC & FINANCIAL PLAN WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. WE HAVE IMPLEMENTED AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USAGE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL. WE HAVE ALSO HELD ENVIRONMENTAL STEWARDSHIP AS ONE OF THE TOP PRIORITIES FOR OUR LEADERSHIP INCENTIVE PROGRAM TO ENSURE ALIGNMENT AND MOMENTUM CONTINUES. IN APRIL 2022, PROVIDENCE PUBLISHED ITS FIRST ENVIRONMENTAL STEWARDSHIP REPORT, IN WHICH WE REPORTED 12 PERCENT REDUCTION IN CARBON EMISSIONS IN SEVEN KEY CATEGORIES IN OUR ACUTE CARE FACILITIES SINCE OUR 2019 BASELINE. AS OF SEPTEMBER 30, 2022, (THE MOST RECENT DATA AVAILABLE), WE HAVE INCREASED THAT REDUCTION TO 13 PERCENT.PROGRAM SERVICE ACCOMPLISHMENTSHOSPICE CHARITY CARE - EACH YEAR THE FOUNDATION GARNERS PHILANTHROPIC DOLLARS FOR USE IN SUPPORT OF CARE FOR THOSE WHO OTHERWISE COULD NOT AFFORD END - OF - LIFE CARE. EQUIPMENT FUND - COVENANT HEALTH SYSTEM FOUNDATION RAISES FUNDS IN ORDER THAT PHYSICIANS, NURSES AND OTHER STAFF MEMBERS HAVE THE BEST EQUIPMENT, FACILITIES AND SERVICE SUPPORT AVAILABLE FOR THE NEEDS OF OUR PATIENTS. FUNDS RAISED SUPPLEMENT THE BUDGET OF THE HOSPITAL AND ALLOW FOR ADDITIONAL EQUIPMENT, FACILITY ENHANCEMENTS AND PROGRAM SUPPORT IN ANY GIVEN YEAR. EXAMPLES OF FOUNDATION PURCHASES FOR CY20 INCLUDE: THE MASTER FACILITY PLAN, AMBULANCE FOR COVENANT HEALTH LEVEL LAND EMS, INJECTION ROOM REMODEL FOR JOE ARRINGTON CANCER CENTER, ECMO CARDIO HELP MACHINE FOR COVENANT CHILDREN'S HOSPITAL, AND 2 ALARIS PUMPS FOR COVENANT CHILDREN'S HOPSITAL.FOR MORE INFORMATION ABOUT COVENANT HEALTH SYSTEM FOUNDATION, PLEASE VISIT: HTTPS://WWW.COVENANTHEALTH.ORG/COVENANT-HEALTH-FOUNDATION/


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Board, Officers & Key Employees

Name (title)Compensation
Brian Schroeder MD
Board Member - Thru 3/22
$0
Robert Salem MD
Board Member
$0
David Blann MD
Board Member
$0
Gabriel Axelrud MD
Board Member
$0
Ryan Owen MD
Board Member
$0
Jeremy Dalton MD
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$339,482
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,428,689
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,768,171
Total Program Service Revenue$0
Investment income $1,803,053
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$34,106
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,537,118

Grants Awarded

Over the last fiscal year, Covenant Health System Foundation has awarded $5,696,166 in support to 6 organizations.

Grant RecipientAmount

METHODIST HOSPITAL LEVELLAND

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$305,042

METHODIST CHILDREN'S HOSPITAL

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$1,358,408

HOSPICE OF LUBBOCK

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$1,031,003

COVENANT HEALTH SYSTEM

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$2,813,252

METHODIST HOSPITAL PLAINVIEW

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$167,313

COVENANT HOSPITAL HOBBS

PURPOSE: OPERATIONAL/PROGRAM SUPPORT

$21,148
View Grant Profile

Peer Organizations

Organization NameAssets
Saint Francis Health System Inc General/Professional Liability Los
Tulsa, OK
$17,816,591
Baxter Regional Health System
Mountain Home, AR
$12,820,136
Paso Del Norte Health Foundation
El Paso, TX
$36,904,993
Shannon Business Services Inc
San Angelo, TX
$17,555,451
St Joseph Services Corporation
Bryan, TX
$17,066,171
White County Physician Group
Searcy, AR
$16,940,947
Conway Regional Hospital Employees Medical Trust
Conway, AR
$12,974,761
Lsu Health Foundation New Orleans
New Orleans, LA
$21,944,141
Harris County Hospital District Foundation
Bellaire, TX
$2,366,724
Baker & Botts Llp Employees Health Care Trust Agreement
Houston, TX
$14,019,783
Anchorum St Vincent
Santa Fe, NM
$9,936,416
Presbyterian Health Foundation
Oklahoma City, OK
$11,429,884
The Menninger Clinic Foundation
Houston, TX
$5,329,995
Mercy Health Foundation Northwest Arkansas
Rogers, AR
$1,770,650
University Of New Orleans Research & Technology Foundation Inc
New Orleans, LA
$9,987,036
West Texas Rehabilitation Center Foundation
Abilene, TX
$11,845,085
Plumbers And Steamfitters Local 141 Health And Welfare Fund
Shreveport, LA
$6,026,786
Dallas Methodist Hospitals Foundation Inc
Dallas, TX
$18,375,009
Dr Ralph And Marian Falk Medical Research Trust
Dallas, TX
$5,226,355
Texas Childrens Hospital Foundation
Bellaire, TX
$65,346,352
Integris Health Foundation Inc
Oklahoma City, OK
$6,628,637
Presbyterian Healthcare Foundation
Albuquerque, NM
$9,914,179
Adventhealth Family Medicine Rural Health Clinics Inc
Lampasas, TX
$6,383,899
Covenant Health System Foundation
Lubbock, TX
$11,537,118
Episcopal Health Foundation Of Dallas
Dallas, TX
$233,416

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