Catholic Health Initiatives Colorado
- Assets
- $3.1b
- Revenue
- $2.3b
- Investments
- $512.2m
- Employees
- 11,847
- Location
- Centennial, CO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 84-0405257
Organization Overview
Catholic Health Initiatives Colorado is located in Centennial, CO. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Catholic Health Initiatives Colorado employed 11,847 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Health Initiatives Colorado 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, Catholic Health Initiatives Colorado generated $2.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.0b during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 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, Catholic Health Initiatives Colorado has awarded 201 individual grants totaling $17,160,503. 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
CATHOLIC HEALTH INITIATIVES-COLORADO IS A FAITH BASED ORGANIZATION THAT INVESTS IN CHARITY CARE, COMMUNITY PROGRAMS, AND SPONSORSHIPS DESIGNED TO NURTURE THE HEALTH OF THE PEOPLE OF COLORADO.
Describe the Organization's Program Activity:
CATHOLIC HEALTH INITIATIVES-COLORADO IS A DIVERSE COMMUNITY OF CAREGIVERS CONNECTED AND FUELED BY OUR INDIVIDUAL PASSIONS AND PURPOSES TO CHANGE THE WORLD AROUND US. WHILE INDIVIDUALLY INSPIRED, WE ARE COLLECTIVELY UNIFIED BY OUR MISSION. THIS PROCESS PRESENTS AN OPPORTUNITY TO FULFILL OUR COMMITMENT TO OUR ORGANIZATIONAL MISSION TO "EXTEND THE HEALING MINISTRY OF CHRIST BY CARING FOR THOSE WHO ARE ILL AND BY NURTURING THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former CEO - St. Anthony Hospital | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colorado Springs Cardiologists Pc Medical Services | 6/29/21 | $15,004,500 |
Cardiac And Thoracic Surgery Associates Pc Medical Services | 6/29/21 | $5,812,812 |
Colorado Orthopedic Specialist Medical Services | 6/29/21 | $12,007,854 |
Neurosurgery One Medical Services | 6/29/21 | $5,770,113 |
Vascular Center Of Colorado Llc Medical Services | 6/29/21 | $30,734,889 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,005,518 |
| Government grants | $25,058,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,836,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,899,718 |
| Total Program Service Revenue | $2,206,324,281 |
| Investment income | $9,318,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,239,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $278,477 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,304,804,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,135,957 |
| 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. | $25,550,791 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $5,051,863 |
| Other salaries and wages | $589,189,869 |
| Pension plan accruals and contributions | $27,630,400 |
| Other employee benefits | $3,875,041 |
| Payroll taxes | $43,779,516 |
| 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 | $0 |
| Fees for services: Other | $527,322,718 |
| Advertising and promotion | $458,576 |
| Office expenses | $3,078,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,875,208 |
| Travel | $511,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,949,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,949,862 |
| Insurance | $13,001,814 |
| All other expenses | $82,620,840 |
| Total functional expenses | $2,031,442,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,399,984 |
| Savings and temporary cash investments | $373,950,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,499,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,023,658 |
| Prepaid expenses and deferred charges | $7,702,419 |
| Net Land, buildings, and equipment | $1,283,931,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $512,153,297 |
| Investments—program-related | $0 |
| Intangible assets | $37,389,468 |
| Other assets | $484,629,647 |
| Total assets | $3,112,680,552 |
| Accounts payable and accrued expenses | $163,791,293 |
| Grants payable | $0 |
| Deferred revenue | $145,404,326 |
| 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 | $289,734,350 |
| Total liabilities | $598,929,969 |
| Net assets without donor restrictions | $2,512,582,351 |
| Net assets with donor restrictions | $1,168,232 |
| 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 | $3,112,680,552 |
Grants Awarded
Over the last fiscal year, Catholic Health Initiatives Colorado has awarded $512,896 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF COLORADO SPRINGS PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Cortez, CO PURPOSE: GENERAL OPERATING SUPPORT | $72,202 |
Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $29,200 |
Pueblo, CO PURPOSE: GENERAL OPERATING SUPPORT | $24,000 |
Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Durango, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Health Initiatives Colorado has recieved totaling $224,675.
| Awarding Organization | Amount |
|---|---|
Colorado Rural Health Center Aurora, CO PURPOSE: GRANT PASSTHROUGH | $224,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Scl Health - Front Range Inc Broomfield, CO | $769,910,245 | $929,785,452 |
Stormont-Vail Healthcare Inc Topeka, KS | $1,007,583,672 | $817,729,703 |
Bryan Medical Center Lincoln, NE | $1,105,625,709 | $861,679,038 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Poudre Valley Health Care Inc Fort Collins, CO | $9,383,080,918 | $1,025,348,780 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
Saint Joseph Hospital Denver, CO | $893,189,330 | $616,289,311 |
Parkview Medical Center Inc Pueblo, CO | $566,853,494 | $573,603,655 |
Nebraska Methodist Hospital Omaha, NE | $1,027,583,192 | $637,277,838 |
Shawnee Mission Medical Center Inc Shawnee Mission, KS | $1,015,503,411 | $556,228,590 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |