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← ST VINCENTS FOUNDATION OF ALABAMA INC

Form 990 for tax year 2023

Filed by ST VINCENTS FOUNDATION OF ALABAMA INC.

Totals

Total revenue
$6,071,747
Total expenses
$3,907,098
Contributions and grants received
$3,958,737
Grants paid
$2,660,917
Program service revenue
$301,530
Investment income
$1,676,084
Other revenue
$135,396
Total assets, end of year
$30,975,975
Total liabilities, end of year
$854,550
Net assets or fund balances, end of year
$30,121,425
Program services expenses (Part IX)
$2,759,993
Management and general expenses
$205,240
Fundraising expenses
$941,865
Program service expenses (Part III)
$2,759,993

Program services were 70.6% 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

    $570,248

  • 1d · Related organizations

    $775,527

  • 1e · Government grants (contributions)

    $3,086

  • 1f · All other contributions, gifts and grants

    $2,609,876

  • 1g · Noncash contributions included above

    $9,151

  • 2a · Program service revenue: RENTAL INCOME FROM AFFILIATES

    total $301,530 · related or exempt $301,530

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $703,901 · excluded $703,901

  • 6a · Gross rents

    real property $42,000

  • 6c · Rental income or loss

    real property $42,000 · personal property $0

  • 6d · Net rental income or loss

    total $42,000 · excluded $42,000

  • 7a · Gross sales of assets other than inventory

    securities $6,383,424

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

    securities $5,411,241

  • 7c · Gain or loss

    securities $972,183 · other assets $0

  • 7d · Net gain or loss

    total $972,183 · excluded $972,183

  • 8a · Fundraising events: gross income

    $76,965

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

    $570,248

  • 8b · Fundraising events: direct expenses

    $145,285

  • 8c · Net income from fundraising events

    total -$68,320 · excluded -$68,320

  • 10c · Net income from sales of inventory

    total $0 · excluded $0

  • 11a · Other revenue: CAFETERIA/VENDING REVENUE

    total $161,716 · excluded $161,716

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $161,716

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,660,917 · program services $2,660,917

  • 11f · Fees: investment management

    total $116,442 · management and general $116,442

  • 11g · Fees: other

    total $2,439 · program services $0 · management and general $0 · fundraising $2,439

  • 12 · Advertising and promotion

    total $9,826 · fundraising $9,826

  • 13 · Office expenses

    total $36,078 · program services $622 · management and general $2,715 · fundraising $32,741

  • 16 · Occupancy

    total $45,872 · program services $1,291 · management and general $33,606 · fundraising $10,975

  • 17 · Travel

    total $7,387 · fundraising $7,387

  • 19 · Conferences, conventions and meetings

    total $11,346 · fundraising $11,346

  • 22 · Depreciation, depletion and amortization

    total $152,234 · program services $15,223 · management and general $7,612 · fundraising $129,399

  • 24a · Other expenses: WAGE & BENEFIT ALLOCATION

    total $802,697 · program services $80,270 · management and general $40,135 · fundraising $682,292

  • 24b · Other expenses: FUNDRAISING ACTIVITIES

    total $34,457 · fundraising $34,457

  • 24c · Other expenses: PURCHASED SERVICES

    total $8,080 · program services $808 · management and general $404 · fundraising $6,868

  • 24d · Other expenses: OTHER MISCELLANEOUS EXPENSES

    total $4,757 · program services $48 · management and general $22 · fundraising $4,687

  • 24e · All other expenses

    total $14,566 · program services $814 · management and general $4,304 · fundraising $9,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $7,161,065 · end of year $7,130,256

  • 3 · Pledges and grants receivable

    beginning of year $691,352 · end of year $917,864

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,000 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,852,083

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,410,243

  • 10c · Land, buildings and equipment, net

    beginning of year $3,594,072 · end of year $3,441,840

  • 11 · Investments: publicly traded securities

    beginning of year $12,505,802 · end of year $13,469,273

  • 12 · Investments: other securities

    beginning of year $3,062,842 · end of year $3,712,519

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,357,941 · end of year $2,304,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,601,477 · end of year $590,616

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $18,000 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $234,908 · end of year $263,934

  • 27 · Net assets without donor restrictions

    beginning of year $9,744,393 · end of year $10,409,010

  • 28 · Net assets with donor restrictions

    beginning of year $17,777,296 · end of year $19,712,415

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Activities or mission (Part I)

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR ST. VINCENT'S HEALTH SYSTEM, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.

  • THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. FORMED IN 1984 TO ADMINISTER CHARITABLE CONTRIBUTIONS FOR ASCENSION ST. VINCENT'S, ST. VINCENT'S FOUNDATION OF ALABAMA, INC. (THE FOUNDATION) STRIVES TO SUPPORT OUR HEALTH MINISTRY IN PROVIDING SPIRITUALLY-CENTERED, HOLISTIC CARE FOR OUR COMMUNITIES. THE FOUNDATION WORKS WITH DONORS ACROSS CENTRAL ALABAMA AND BEYOND TO RAISE FUNDS FOR PROGRAMS, EDUCATION, EQUIPMENT, AND TECHNOLOGY. WE ALSO DRIVE CAPITAL CAMPAIGNS THAT FUND NEW, IMPROVED FACILITIES FOR OUR HEALTH SYSTEM, INCLUDING ASCENSION ST. VINCENT'S BIRMINGHAM, ASCENSION ST. VINCENT'S BLOUNT, ASCENSION ST. VINCENT'S CHILTON, ASCENSION ST. VINCENT'S EAST, ASCENSION ST. VINCENT'S ONE NINETEEN, ASCENSION ST. VINCENT'S ST. CLAIR, AND ASCENSION ST. VINCENT'S TRUSSVILLE.

    Expenses $2,759,993 · Grants $2,660,917 · Revenue $301,530

As filed on the 2023 return.

Listed in Part VII

  • JASON P ALEXANDER FACHE

    EX-OFFICIO/MINISTRY MARKET EXECUTIVE

    Total calculated
    $1,683,690
    From this org
    $0
    From related orgs
    $1,625,685
    Other
    $58,005
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $664,093 related
    Bonus
    $0 + $847,839 related
    Other
    $0 + $113,753 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $38,205 related
    Filer's total
    $0 + $1,683,690 related

  • SUZANNE PERKINS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS LUCKIE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS WILLINGS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANNE YUENGERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY J DIPIAZZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN TAMBURELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • F CARTER WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK D'AMICO III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HUGH THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES D WADSWORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN R HUMPHREYS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN H ECKERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIAN PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK PIHAKIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OWEN VICKERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PEPPI TALLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERI COOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN STABLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY BRAGG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VAL HOLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • WILLIAM BAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM JOHNSON III MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREW CHASE BELL

    PRESIDENT

    Total calculated
    $243,418
    From this org
    $0
    From related orgs
    $222,064
    Other
    $21,354
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,544 related
    Bonus
    $0 + $34,124 related
    Other
    $0 + $396 related
    Deferred
    $0 + $11,206 related
    Nontaxable benefits
    $0 + $10,148 related
    Filer's total
    $0 + $243,418 related

  • CHRISTOPHER SCOTT HUGHES

    CFO, MINISTRY MARKET

    Total calculated
    $503,190
    From this org
    $0
    From related orgs
    $451,568
    Other
    $51,622
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,627 related
    Bonus
    $0 + $93,254 related
    Other
    $0 + $28,687 related
    Deferred
    $0 + $18,000 related
    Nontaxable benefits
    $0 + $33,622 related
    Filer's total
    $0 + $503,190 related

  • BRANDON MICHAEL WILLIAMS

    FORMER OFFICER (END 10/2022)

    Total calculated
    $1,001,368
    From this org
    $0
    From related orgs
    $945,329
    Other
    $56,039
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $463,009 related
    Bonus
    $0 + $340,272 related
    Other
    $0 + $142,048 related
    Deferred
    $0 + $18,150 related
    Nontaxable benefits
    $0 + $37,889 related
    Filer's total
    $0 + $1,001,368 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A RELATED ORGANIZATION OF THE FILING ORGANIZATION USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -COMPENSATION SURVEY OR STUDY, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE O FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
ELIGIBLE EXECUTIVES PARTICIPATE IN A PROGRAM THAT PROVIDES FOR SUPPLEMENTAL RETIREMENT BENEFITS. THE PAYMENT OF BENEFITS UNDER THE PROGRAM, IF ANY, IS ENTIRELY DEPENDENT UPON THE FACTS AND CIRCUMSTANCES UNDER WHICH THE EXECUTIVE TERMINATES EMPLOYMENT WITH THE ORGANIZATION. BENEFITS UNDER THE PROGRAM ARE UNFUNDED AND NON-VESTED. DUE TO THE SUBSTANTIAL RISK OF FORFEITURE PROVISION, THERE IS NO GUARANTEE THAT THESE EXECUTIVES WILL EVER RECEIVE ANY BENEFIT UNDER THE PROGRAM. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO INDIVIDUALS RECEIVED CURRENT YEAR DISTRIBUTIONS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MCS LLC

    RENTAL PROPERTY · AL · income $42,000 · assets $3,398,110

    Directly controlled by ST VINCENT'S FOUNDATION OF ALABAMA INC

  • ST VINCENT'S VOLUNTEER COUNCIL LLC

    VOLUNTEER SERVICES · AL · income $0 · assets $3,922

    Directly controlled by ST VINCENT'S FOUNDATION OF ALABAMA INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349303720

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