St Vincent Healthcare Foundation
- Assets
- $68.5m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 81-0468034
Organization Overview
St Vincent Healthcare Foundation is located in Billings, MT. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Vincent Healthcare 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, St Vincent Healthcare Foundation generated $11.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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 2014, St Vincent Healthcare Foundation has awarded 39 individual grants totaling $57,987,981. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE REVEAL AND FOSTER GOD'S HEALING LOVE BY IMPROVING THE HEALTH OF THEPEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR ANDVULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. VINCENT HEALTHCARE FOUNDATION SUPPORTS A WIDE VARIETY OF ST. VINCENT HEALTHCARE SERVICES, OUTREACH PROGRAMS, AND COMMUNITY-BASED ORGANIZATIONS ALL FOCUSED ON ACCOMPLISHING OUR MISSION OF IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.THE FOUNDATION WORKS WITH THE HOSPITAL TO SUPPORT THE MONTANA PEDIATRICS PROJECT AND FOUNDED MONTANA'S FIRST PICU STAFFED 24/7 BY BOARD CERTIFIED PEDIATRIC INTENSIVISTS. THAT MEANS THAT NO MATTER THE TIME OF DAY OR NIGHT, A CRITICAL CARE SPECIALIST IS READY TO HELP YOUR CHILD. OUR DEDICATED PICU STAFF ALSO UTILIZE ELECTRONIC RECORDS AND TELEMEDICINE TO ADVISE PEDIATRICIANS THROUGHOUT THE REGION ON THE BEST COURSE OF TREATMENT FOR CHILDREN IN NEED OF CRITICAL CARE. ON APRIL 1, 2022, SISTERS OF CHARITY OF LEAVENWORTH HEALTH SYSTEM, INC. AFFLIATED WITH INTERMOUNTAIN HEALTH CARE, INC., CREATING A MODEL HEALTH SYSTEM THAT PROVIDES HIGH-QUALITY, ACCESSIBLE, AND AFFORDABLE HEALTHCARE TO COMMUNITIES IN UTAH, IDAHO, NEVADA, COLORADO, MONTANA, WYOMING, AND KANSAS. THE ORGANIZATION EMPLOYS NEARLY 60,000 CAREGIVERS, OPERATES 33 HOSPITALS (INCLUDING ONE VIRTUAL HOSPITAL), AND RUNS HUNDREDS OF CLINICS, WHILE PROVIDING HEALTH INSURANCE TO OVER ONE MILLION PEOPLE IN UTAH, IDAHO AND NEVADA.AS PART OF INTERMOUNTAIN HEALTHCARE, SCL HEALTH - MONTANA HAS DIRECT ACCESS TO BEST PRACTICES, RESOURCES, TECHNOLOGY, TALENT AND STRATEGIC CAPITAL.THE FOUNDATION GRANTS DIVISION APPLIES FOR AND ADMINISTERS FEDERAL AND STATE GRANTS THAT OPERATE OUT OF THE HOSPITAL. THE GRANTS HAVE HELPED WITH TELEMEDICINE, ELDER CARE, PEDIATRICS, TRAINING AND OTHER PROGRAMS. THE FOUNDATION IS COMMITTED TO:WORKING TO IDENTIFY OPPORTUNITIES TO IMPROVE HEALTHCARE AND COMMUNICATING THOSE OPPORTUNITIES TO THOSE WHO MAY BE ABLE TO RESPOND. SHARING A SPECIAL CONCERN FOR THOSE WHO LACK HEALTHCARE AND FOR THOSE WHO ARE POOR. SUPPORTING BASIC HEALTHCARE PROGRAMS TO ASSURE THE WELL-BEING OF COMMUNITY MEMBERS OF ALL AGES. HELPING BUILD VIBRANT COMMUNITIES KNOWN FOR HEALTHY LIVING OPPORTUNITIES. ADVANCING AND SUPPORTING MEDICAL PRACTICE, RESEARCH, AND OUTREACH. STRENGTHENING HEALTHCARE BY RECOGNIZING AND REWARDING OUTSTANDING EMPLOYEES AND ASSOCIATES, BY EXPANDING THEIR PROFESSIONAL LEADERSHIP AND POLICY INFLUENCE, AND BY ENCOURAGING TALENTED PEOPLE TO BECOME HEALTHCARE PROFESSIONALS. STIMULATING CREATIVITY AND PRODUCTIVITY AMONG HEALTHCARE LEADERS. FOSTERING THE INVOLVEMENT OF THE BROAD COMMUNITY IN THE MINISTRY OF SCL HEALTH - MONTANA. ST. VINCENT HEALTHCARE FOUNDATION HOSTS SEVERAL ANNUAL FUNDRAISING EVENTS DURING THE YEAR: FORTIN MEMORIAL MEN'S GOLF TOURNAMENTRAISES FUNDS TO SUPPORT ST. VINCENT CHILDREN'S HEALTHCARE. PROCEEDS MAKE IT POSSIBLE TO CARE FOR CRITICALLY ILL AND INJURED CHILDREN. MARYNELL HERINGER WOMEN'S GOLF TOURNAMENTRAISES FUNDS TO SUPPORT WOMEN'S AND CHILDREN'S SERVICES. SAINTS BENEFITRAISES FUNDS TO ENHANCE AND EXPAND THE NEUROLOGY DEPARTMENT AT ST. VINCENT HEALTHCARE. SCHOLARSHIPSST. VINCENT HEALTHCARE FOUNDATION IS COMMITTED TO THE MISSION, VISION AND CORE VALUES OF SCL HEALTH - MONTANA. IN HONOR OF TIM GILMORE, DR. THOMAS JOHNSON, RALPH NELLES, DR. ROBERT SNIDER, ST. VINCENT HEALTHCARE VOLUNTEERS AND OTHER GENEROUS DONORS, WE OFFER A NUMBER OF SCHOLARSHIP OPPORTUNITIES TO STUDENTS PURSUING HEALTHCARE CAREERS.- GILMORE NURSING SCHOLARSHIP- THE NELLES NURSE SCHOLARSHIP- THOMAS R. JOHNSON, M.D. MEDICAL SCHOLARSHIP- ROBERT SNIDER, M.D. MEDICAL SCHOLARSHIP- HEALTHCARE CAREER SCHOLARSHIPS- ST. VINCENT HEALTHCARE FOUNDATION MEMORIAL SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justen Rudolph MD Director | Trustee | 1 | $0 |
Tyler Wiltgen Executive Dir Foundation | Officer | 50 | $0 |
Scott Aspenlieder Director | Trustee | 1 | $0 |
Kelly Edwards Chair | OfficerTrustee | 3 | $0 |
Barry Mckenzie MD Director 6/1-12/31/22 | Trustee | 1 | $0 |
Lindy Schultz Vice Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $644,829 |
| Related organizations | $1,581,572 |
| Government grants | $186,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,984,981 |
| Noncash contributions included in lines 1a–1f | $977,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,397,586 |
| Total Program Service Revenue | $0 |
| Investment income | $10,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,613,803 |
| Net Income from Fundraising Events | -$18,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,003,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,100,813 |
| Grants and other assistance to domestic individuals. | $439,191 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,345 |
| Compensation of current officers, directors, key employees. | $166,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,305 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,127 |
| Payroll taxes | $42,329 |
| 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 | $120,632 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,837 |
| Office expenses | $17,573 |
| Information technology | $16,441 |
| Royalties | $0 |
| Occupancy | $15,745 |
| Travel | $17,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $167,531 |
| Total functional expenses | $11,926,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,432,507 |
| Pledges and grants receivable | $1,827,844 |
| 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 | $673,243 |
| Investments—publicly traded securities | $64,231,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,439 |
| Total assets | $68,494,615 |
| Accounts payable and accrued expenses | $201,409 |
| Grants payable | $0 |
| 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 | $309,580 |
| Total liabilities | $510,989 |
| Net assets without donor restrictions | $34,024,037 |
| Net assets with donor restrictions | $33,959,589 |
| 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 | $68,494,615 |
Grants Awarded
Over the last fiscal year, St Vincent Healthcare Foundation has awarded $9,074,901 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST VINCENT HEALTHCARE PURPOSE: SUPPORT CHARITABLE MISSION | $6,977,653 |
SISTERS OF CHARITY OF LEAVENWORTH PURPOSE: SUPPORT CHARITABLE MISSION | $2,035,786 |
NATUROPATHIC EDUCATION AND RESEARCH INC PURPOSE: MEDICAL RESEARCH | $20,000 |
MONTANA AMATEUR SPORTS INC PURPOSE: COMMUNITY WELLNESS | $19,412 |
BILLINGS CATHOLIC SCHOOLS FOUNDATION PURPOSE: COMMUNITY WELLNESS | $6,850 |
RED LODGE AREA COMMUNITY FOUNDATION PURPOSE: COMMUNITY WELLNESS | $5,200 |