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 12/2021, Covenant Health System Foundation employed 27 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 12/2021, 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 $12.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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.
Since 2015, Covenant Health System Foundation has awarded 29 individual grants totaling $31,836,654. 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
2021
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 PURSUE 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 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF 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-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS 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. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.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.NURSING SCHOLARSHIPS - VARIOUS EDUCATIONAL SCHOLARSHIPS FOR COVENANT NURSING SCHOOL STUDENTS AND CONTINUING MEDICAL EDUCATIONAL COURSES FOR WORKING NURSES. EACH YEAR MANY STUDENTS IN THE COVENANT SCHOOL OF NURSING ARE GRANTED SCHOLARSHIPS.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 LEVELLAND 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/
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephen Crisman President/board Member | OfficerTrustee | 50 | $267,424 |
Margaret England Senior Mgr, Major Gifts | 50 | $109,838 | |
Becky Postar Board Member/finance Vice Chair | OfficerTrustee | 1 | $0 |
Brice Foster Board Member/vice Chair | OfficerTrustee | 1 | $0 |
Chad Hill Board Member/finance Chair/treasurer | OfficerTrustee | 1 | $0 |
David Blann MD Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $294,016 |
Related organizations | $0 |
Government grants | $84,317 |
All other contributions, gifts, grants, and similar amounts not included above | $5,893,755 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,272,088 |
Total Program Service Revenue | $0 |
Investment income | $3,189,067 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$12,534 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,499,437 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,997,084 |
Grants and other assistance to domestic individuals. | $290,750 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $301,939 |
Compensation of current officers, directors, key employees. | $89,274 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,014,159 |
Pension plan accruals and contributions | $22,633 |
Other employee benefits | $8,317 |
Payroll taxes | $92,912 |
Fees for services: Management | $104,196 |
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 | $56,853 |
Fees for services: Other | $153,335 |
Advertising and promotion | $1,494 |
Office expenses | $28,945 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $200 |
Travel | $24,125 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,876 |
Interest | $4,100,300 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $94 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $12,467,520 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $9,727,541 |
Pledges and grants receivable | $8,283,177 |
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 | $0 |
Net Land, buildings, and equipment | $2,273 |
Investments—publicly traded securities | $32,952,266 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,734,174 |
Total assets | $55,699,431 |
Accounts payable and accrued expenses | $732,381 |
Grants payable | $0 |
Deferred revenue | $793 |
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 | $1,672,803 |
Total liabilities | $2,405,977 |
Net assets without donor restrictions | $9,483,168 |
Net assets with donor restrictions | $43,810,286 |
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 | $55,699,431 |
Over the last fiscal year, Covenant Health System Foundation has awarded $3,347,293 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Renton, WA PURPOSE: OPERATIONAL SUPPORT | $2,307,158 |
Renton, WA PURPOSE: OPERATIONAL SUPPORT | $481,354 |
Renton, WA PURPOSE: OPERATIONAL SUPPORT | $324,642 |
New York, NY PURPOSE: OPERATIONAL SUPPORT | $150,000 |
Renton, WA PURPOSE: OPERATIONAL SUPPORT | $57,369 |
Lubbock, TX PURPOSE: OPERATIONAL SUPPORT | $26,770 |
Over the last fiscal year, we have identified 4 grants that Covenant Health System Foundation has recieved totaling $88,065.
Awarding Organization | Amount |
---|---|
Driven Brands Charitable Foundation Charlotte, NC PURPOSE: CHARITABLE ASSISTANCE | $29,595 |
Covenant Health System Foundation Lubbock, TX PURPOSE: OPERATIONAL SUPPORT | $26,770 |
Community Foundation Of West Texas Lubbock, TX PURPOSE: POST-COVID REHAB FUNDING, DENTAL CLINIC COPAY ASSISTANCE | $21,700 |
International Association Of Lions Clubs Lubbock, TX PURPOSE: OPERATIONS AND NEEDS OF ORGANIZATION | $10,000 |
Beg. Balance | $8,882,945 |
Earnings | $789,432 |
Net Contributions | $12,800 |
Other Expense | $1,933,527 |
Grants | $22,982 |
Ending Balance | $7,728,668 |
Organization Name | Assets | Revenue |
---|---|---|
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
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 |