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Nonprofiteer
← ST LUKE COMMUNITY HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by ST LUKE COMMUNITY HEALTHCARE FOUNDATION.

Totals

Total revenue
$393,565
Total expenses
$119,470
Contributions and grants received
$186,602
Grants paid
$87,172
Program service revenue
$0
Investment income
$115,433
Other revenue
$91,530
Total assets, end of year
$3,934,770
Total liabilities, end of year
$13,196
Net assets or fund balances, end of year
$3,921,574
Program services expenses (Part IX)
$119,470
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$119,470

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $39,580

  • 1f · All other contributions, gifts and grants

    $147,022

  • 3 · Investment income

    total $86,178 · excluded $86,178

  • 5 · Royalties

    total $29,567 · excluded $29,567

  • 7a · Gross sales of assets other than inventory

    securities $539,744

  • 7b · Less cost or other basis and sales expenses

    securities $510,489

  • 7c · Gain or loss

    securities $29,255

  • 7d · Net gain or loss

    total $29,255 · excluded $29,255

  • 8a · Fundraising events: gross income

    $61,963

  • 8a · Fundraising events: contributions included on line 1c

    $39,580

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $61,963 · excluded $61,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,172 · program services $87,172

  • 11f · Fees: investment management

    total $25,831 · program services $25,831

  • 23 · Insurance

    total $1,092 · program services $1,092

  • 24a · Other expenses: ANNUITY PAYMENT

    total $2,875 · program services $2,875

  • 24b · Other expenses: DUES

    total $2,500 · program services $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $632,947 · end of year $417,503

  • 2 · Savings and temporary cash investments

    beginning of year $139,790 · end of year $540,504

  • 3 · Pledges and grants receivable

    beginning of year $2,250 · end of year $1,500

  • 12 · Investments: other securities

    beginning of year $2,595,844 · end of year $2,972,354

  • 15 · Other assets

    beginning of year $334 · end of year $2,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,071 · end of year $13,196

  • 27 · Net assets without donor restrictions

    beginning of year $3,081,745 · end of year $3,698,550

  • 28 · Net assets with donor restrictions

    beginning of year $273,349 · end of year $223,024

Mission and programs · 2023

Mission

THE FOUNDATION IS DEDICATED TO IMPROVING THE CARE AND COMFORT OF PATIENTS AT ST. LUKE COMMUNITY HEALTHCARE BY RAISING PRIVATE FUNDS THROUGH PHILANTHROPY AND THEN DISBURSING THOSE FUNDS INTO DESIGNATED PROGRAMS.

  • THE ST. LUKE COMMUNITY HEALTHCARE FOUNDATION WAS CREATED TO HELP MEET THE NEEDS OF PATIENTS, EMPLOYEES AND MEMBERS OF THE COMMUNITY. THROUGH ANNUAL GIFTS, ENDOWMENT ASSETS AND FUNDING OF MAJOR FACILITIES, TECHNOLOGIES AND PROGRAMS, THE FOUNDATION AND THE COMMUNITY MEMBERS WHO SUPPORT IT HELP ENSURE ST. LUKE COMMUNITY HEALTHCARE CONTINUED LEADERSHIP IN HEALTH CARE.EACH YEAR THE FOUNDATION WORKS WITH DONORS TO RAISE AND INVEST FUNDS THAT HELP ST. LUKE COMMUNITY HEALTHCARE: MAINTAIN HEALTHCARE EXCELLENCE BY BRIDGING THE FINANCIAL GAP BETWEEN THE INCREASING COST OF PROVIDING SERVICES AND THE SHRINKING LEVEL OF REIMBURSEMENT FROM MEDICARE, MEDICAID AND PRIVATE INSURANCE; PURCHASE NEW EQUIPMENT AND MAKE OTHER NON-REIMBURSABLE CAPITAL INVESTMENTS THAT ALLOW ST. LUKE COMMUNITY HEALTHCARE TO PROVIDE PATIENTS WITH THE LATEST AND MOST TECHNOLOGICALLY ADVANCED CARE; PROVIDE ACCESS TO EXCELLENT HEALTHCARE TO A CULTURALLY AND ECONOMICALLY DIVERSE COMMUNITY; FORM PARTNERSHIPS WITH OTHER ORGANIZATIONS TO SUPPORT COMMUNITYWIDE HEALTH IMPROVEMENT EFFORTS; AND ENGAGE IN VALUABLE, NON-REIMBURSABLE MEDICAL ACTIVITIES, SUCH AS PHYSICIAN/STAFF TRAINING AND PATIENT/COMMUNITY EDUCATION.

    Expenses $119,470 · Grants $87,172

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ray Aylesworth

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andy Stark

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Dellwo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robin Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Todd

    DIRECTOR/HOSPITAL CEO

    Total calculated
    $381,561
    From this org
    $0
    From related orgs
    $358,238
    Other
    $23,323
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,469 related
    Bonus
    $0 + $35,769 related
    Other
    $0
    Deferred
    $0 + $12,907 related
    Nontaxable benefits
    $0 + $10,416 related
    Filer's total
    $0 + $381,561 related

  • Joel Onsager

    DIRECTOR/HOSPITAL CFO

    Total calculated
    $139,003
    From this org
    $0
    From related orgs
    $128,928
    Other
    $10,075
    Hours/week
    1 + 40 related

  • Teresa Nygaard

    EXECUTIVE DIRECTOR

    Total calculated
    $76,882
    From this org
    $0
    From related orgs
    $76,882
    Other
    $0
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION, ST. LUKE COMMUNITY HOSPITAL, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202402789349301660

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