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Nonprofiteer
← ST THOMAS FOUNDATION INC

Form 990 for tax year 2023

Filed by ST THOMAS FOUNDATION INC.

Totals

Total revenue
$3,536,017
Total expenses
$0
Contributions and grants received
$3,512,600
Grants paid
$0
Program service revenue
$0
Investment income
$23,417
Other revenue
$0
Total assets, end of year
$3,536,017
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,536,017
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $3,512,600

  • 3 · Investment income

    total $23,417 · excluded $23,417

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $23,417

  • 7 · Other notes and loans receivable

    end of year $3,512,600

  • 27 · Net assets without donor restrictions

    end of year $3,536,017

Mission and programs · 2023

Mission

TO BENEFIT, SUPPORT, PERFORM THE CHARITABLE FUNCTIONS OF OR TO CARRY OUT THE CHARITABLE PURPOSES OF ST. THOMAS COMMUNITY HEALTH CENTER, INC., (STCHC), A LOUISIANA NONPROFIT CORPORATION AND AN ENTITY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE.

Activities or mission (Part I)

TO BENEFIT AND SUPPORT THE CHARITABLE PURPOSES OF ST. THOMAS COMMUNITY HEALTH CENTER, INC.

  • TO SUPPORT ST. THOMAS COMMUNITY HEALTH CENTER, INC., (STCHC) BY FACILITATING FINANCING FOR A NEW MARKETS TAX CREDIT TRANSACTION FOR STCHC FOR THE CONSTRUCTION, DEVELOPMENT, AND EQUIPPING OF TWO HEALTH CLINICS LOCATED IN NEW ORLEANS, LOUISIANA WHICH SERVE PERSONS WHO LACK ACCESS TO ADEQUATE MEDICAL CARE. FOLLOWING THE NEW MARKETS TAX CREDIT TRANSACTION, THE ORGANIZATION WILL FUNDRAISE ON STCHCS BEHALF TO AID IN THEIR TAX EXEMPT PURPOSE.

As filed on the 2023 return.

Listed in Part VII

  • Donald Erwin

    PRESIDENT

    Total calculated
    $402,474
    From this org
    $0
    From related orgs
    $382,674
    Other
    $19,800
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $382,674 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $402,474 related

  • William Durham MD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Edward George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations 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
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349302952

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