Providence St Vincent Medical Foundation
- Assets
- $302.6m
- Revenue
- $42.1m
- Investments
- $43.3m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 93-0575982
Organization Overview
Providence St Vincent Medical Foundation is located in Portland, OR. The organization was established in 1970. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence St Vincent Medical 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, Providence St Vincent Medical Foundation generated $42.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 2.8% 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, Providence St Vincent Medical Foundation has awarded 37 individual grants totaling $93,108,039. 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 O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Finn Executive Director | Officer | 50 | $0 |
Barbara Blakely Trustee | Trustee | 0.5 | $0 |
Barbara Palmer Trustee | Trustee | 0.5 | $0 |
Dave Nute Trustee | Trustee | 0.5 | $0 |
Debbie Madden Trustee | Trustee | 0.5 | $0 |
Don Vollum Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust Company Investment Management | 12/30/16 | $380,616 |
Morgan Stanley Smith Barney Investment Management | 12/30/16 | $174,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $489,643 |
| Related organizations | $409,424 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,792,071 |
| Noncash contributions included in lines 1a–1f | $703,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,691,138 |
| Total Program Service Revenue | $0 |
| Investment income | $5,146,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,639,105 |
| Net Income from Fundraising Events | -$38,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$323,584 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,114,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,928,819 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,941 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,661 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $445,255 |
| Fees for services: Other | $27,028 |
| Advertising and promotion | $0 |
| Office expenses | $45,727 |
| Information technology | $86 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,305 |
| Total functional expenses | $14,930,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,745,853 |
| Pledges and grants receivable | $1,956,407 |
| Accounts receivable, net | -$37,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,051,315 |
| Inventories for sale or use | $108,445 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $212,053,260 |
| Investments—other securities | $43,341,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,405,987 |
| Total assets | $302,625,014 |
| Accounts payable and accrued expenses | $354,366 |
| Grants payable | $0 |
| Deferred revenue | $1,423,420 |
| 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 | $7,284,675 |
| Total liabilities | $9,062,461 |
| Net assets without donor restrictions | $175,528,257 |
| Net assets with donor restrictions | $118,034,296 |
| 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 | $302,625,014 |
Grants Awarded
Over the last fiscal year, Providence St Vincent Medical Foundation has awarded $12,510,491 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PORTLAND PURPOSE: OPERATIONAL SUPPORT | $838,156 |
CATHOLIC CHARITIES PURPOSE: OPERATIONAL SUPPORT | $126,164 |
PROVIDENCE HEALTH & SERVICES - OREGON PURPOSE: OPERATIONAL AND CAPITAL SUPPORT | $11,546,171 |