St Josephs Foundation
- Assets
- $107.4m
- Revenue
- $13.1m
- Investments
- $30.2m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/2015
- Data as of
- 06/2021
- EIN
- 94-2941245
Organization Overview
St Josephs Foundation is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Josephs 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 06/2021, St Josephs Foundation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $11.1m during the year ending 06/2021. While expenses have increased by 11.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND THE WORK OF DIGNITY HEALTH, DBA ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER, A NONPROFIT PUBLIC BENEFIT CORPORATION, A CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS AN IRC SEC 509(A)(3) SUPPORTING ORGANIZATION TO DIGNITY HEALTH, DBA ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER ("HOSPITAL"). AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO ST. JOSEPH'S HOSPTIAL AND MEDICAL CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Hoffman Ex-Officio Director/ Foundation CEO | OfficerTrustee | 40 | $0 |
Kathleen Graham Vice Chair | OfficerTrustee | 0.1 | $0 |
Michael O'connor Chair | OfficerTrustee | 0.1 | $0 |
Kim Sterling-Heflin Grants Chair | OfficerTrustee | 0.1 | $0 |
Roger Stevenson Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Jeffrey Jackson CFO | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,856,387 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,389,588 |
| Noncash contributions included in lines 1a–1f | $393,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,245,975 |
| Total Program Service Revenue | $0 |
| Investment income | $2,346,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,463,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $7,330 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,063,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,115,519 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $39 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $215,299 |
| Fees for services: Other | $1,631,579 |
| Advertising and promotion | $17,104 |
| Office expenses | $39,879 |
| Information technology | $1,202 |
| Royalties | $0 |
| Occupancy | $43,867 |
| Travel | $2,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,955 |
| Total functional expenses | $11,148,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $510,369 |
| Pledges and grants receivable | $1,391,748 |
| 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 | $9,640 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $75,169,336 |
| Investments—other securities | $30,228,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $128,814 |
| Total assets | $107,437,907 |
| Accounts payable and accrued expenses | $124,566 |
| Grants payable | $1,700,826 |
| 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 | $133,068 |
| Total liabilities | $1,958,460 |
| Net assets without donor restrictions | $53,121,668 |
| Net assets with donor restrictions | $52,357,779 |
| 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 | $107,437,907 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that St Josephs Foundation has recieved totaling $991,991.
| Awarding Organization | Amount |
|---|---|
Valerie Fund Maplewood, NJ PURPOSE: SUPPORT OF CHILDREN'S CENTER | $421,492 |
The Norton Foundation Scottsdale, AZ PURPOSE: OPERATING | $164,735 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $164,365 |
Arizona Womens Board Paradise Valley, AZ PURPOSE: KIDNEY DISEASE TREATMENT AND RESEARCH | $50,000 |
National Breast Cancer Foundation Inc Frisco, TX PURPOSE: SCREENING & DIAGNOSTICS | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $40,000 |
Endowment Analysis
| Beg. Balance | $35,378,876 |
| Earnings | $6,860,126 |
| Net Contributions | $2,042,225 |
| Other Expense | $819,655 |
| Ending Balance | $43,461,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizonas Children Association Tucson, AZ | $18,515,748 | $50,621,725 |
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |
Catholic Charities Cyo Of The Archdiocese Of San Francisco San Francisco, CA | $54,010,844 | $49,179,176 |
Sacred Heart Community Service San Jose, CA | $20,973,707 | $49,147,758 |
Sea Change Foundation San Francisco, CA | $294,480,176 | $10,552,554 |
Fii - National Oakland, CA | $80,240,308 | $76,416,139 |
K To College Oakland, CA | $6,431,064 | $44,027,752 |
Hillsides Pasadena, CA | $32,232,165 | $47,598,076 |
Quantum Leap Health Carecollaborative San Francisco, CA | $64,443,428 | $56,142,324 |
Arizona Community Action Association Inc Phoenix, AZ | $37,430,688 | $47,071,381 |
St Joseph Center Venice, CA | $31,481,555 | $42,932,539 |
The 3000 Club Phoenix, AZ | $240,575 | $38,689,440 |