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Nonprofiteer
← ASCENSION SETON FOUNDATION

Form 990 for tax year 2022

Filed by ASCENSION SETON FOUNDATION.

Totals

Total revenue
$8,153,368
Total expenses
$9,792,553
Contributions and grants received
$5,467,599
Grants paid
$8,868,667
Program service revenue
$0
Investment income
$3,010,485
Other revenue
-$324,716
Total assets, end of year
$116,027,116
Total liabilities, end of year
$2,594,592
Net assets or fund balances, end of year
$113,432,524
Program services expenses (Part IX)
$8,953,608
Management and general expenses
$100,117
Fundraising expenses
$738,828
Program service expenses (Part III)
$8,953,608

Program services were 91.4% 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

    $1,528,853

  • 1d · Related organizations

    $1,460,674

  • 1f · All other contributions, gifts and grants

    $2,478,072

  • 1g · Noncash contributions included above

    $1,811

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,518,155 · excluded $2,518,155

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,608,304

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

    securities $9,115,974

  • 7c · Gain or loss

    securities $492,330 · other assets $0

  • 7d · Net gain or loss

    total $492,330 · excluded $492,330

  • 8a · Fundraising events: gross income

    $275,005

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

    $1,528,853

  • 8b · Fundraising events: direct expenses

    $644,471

  • 8c · Net income from fundraising events

    total -$369,466 · excluded -$369,466

  • 9a · Gaming: gross income

    $44,750

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $44,750 · excluded $44,750

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,868,667 · program services $8,868,667

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $63,976 · program services $100 · management and general $58,018 · fundraising $5,858

  • 16 · Occupancy

    total $6,942 · program services $694 · management and general $347 · fundraising $5,901

  • 17 · Travel

    total $10,678 · fundraising $10,678

  • 19 · Conferences, conventions and meetings

    total $4,783 · fundraising $4,783

  • 24a · Other expenses: WAGE & BENEFIT ALLOCATIONS

    total $644,203 · program services $64,420 · management and general $32,210 · fundraising $547,573

  • 24b · Other expenses: PURCHASED SERVICES

    total $179,613 · program services $17,961 · management and general $8,981 · fundraising $152,671

  • 24c · Other expenses: MAINTENANCE & REPAIRS

    total $8,960 · program services $896 · management and general $448 · fundraising $7,616

  • 24d · Other expenses: OTHER NON MEDICAL SUPPLIES

    total $1,318 · program services $132 · management and general $66 · fundraising $1,120

  • 24e · All other expenses

    total $3,413 · program services $738 · management and general $47 · fundraising $2,628

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 $24,508,023 · end of year $10,680,105

  • 3 · Pledges and grants receivable

    beginning of year $1,668,961 · end of year $1,384,054

  • 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 $895 · end of year $5,225

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

    $73,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $73,000 · end of year $73,000

  • 11 · Investments: publicly traded securities

    beginning of year $90,630,286 · end of year $103,884,732

  • 12 · Investments: other securities

    beginning of year $0

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $623,790 · end of year $2,474,592

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $106,500 · end of year $120,000

  • 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 $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $19,982,892 · end of year $19,027,809

  • 28 · Net assets with donor restrictions

    beginning of year $96,167,983 · end of year $94,404,715

  • 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 · 2022

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 ASCENSION SETON, 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. ASCENSION SETON FOUNDATION WORKS WITH OUR PHILANTHROPIC COMMUNITY TO SUPPORT SETON'S CENTRAL AUSTIN ADULT FACILITIES, INCLUDING DELL SETON MEDICAL CENTER AT THE UNIVERSITY OF TEXAS, SETON MEDICAL CENTER AUSTIN, SETON SHOAL CREEK HOSPITAL, SETON MCCARTHY COMMUNITY HEALTH CENTER, AS WELL AS THE SETON COVE AND THE NURSE SCHOLARSHIP ENDOWMENT. ESTABLISHED IN 1981, ASCENSION SETON FOUNDATION WAS THE FIRST FUNDRAISING FOUNDATION OF THE SETON HEALTHCARE FAMILY. ASCENSION SETON FOUNDATION'S MAIN PURPOSE IS TO SUPPORT THE MISSION AND WORK OF THE SETON HEALTHCARE FAMILY. THROUGH THE SUPPORT OF THE CENTRAL TEXAS COMMUNITY, IT HAS BEEN AN INTEGRAL PART OF THE EXPANSION OF SETON MEDICAL CENTER AUSTIN, SUPPORT OF THE SETON CLINICS AND THE CAPITAL CAMPAIGN FOR DELL SETON MEDICAL CENTER AT THE UNIVERSITY OF TEXAS.

    Expenses $8,953,608 · Grants $8,868,667

As filed on the 2022 return.

Listed in Part VII

  • ANDREW MORGAN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD MOODY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN A MENCHACA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MIGUEL ROMANO JR

    EX-OFFICIO/PRESIDENT

    Total calculated
    $472,943
    From this org
    $0
    From related orgs
    $440,639
    Other
    $32,304
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,129 related
    Bonus
    $0 + $69,300 related
    Other
    $0 + $27,210 related
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $0 + $15,529 related
    Filer's total
    $0 + $472,943 related

  • PAM GIBLIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CATHY MARTINEZ KREITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHUCK LISPCOMB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLIFFORD CHIU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDVIN BEASLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MINTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA BEUERLEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEREDITH DELK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM S ROBERTS III MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR HARPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY MOONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACEY MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILL MATTHEWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL W HUFFINE

    INTERIM CFO, MM (8/2022 - 10/2022)/CFO, MM (START 10/2022)

    Total calculated
    $488,948
    From this org
    $0
    From related orgs
    $461,102
    Other
    $27,846
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,758 related
    Bonus
    $0 + $96,369 related
    Other
    $0 + $2,975 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $12,596 related
    Filer's total
    $0 + $488,948 related

  • SCOTT HERNDON

    CFO, MINISTRY MARKET (END 8/2022)

    Total calculated
    $938,250
    From this org
    $0
    From related orgs
    $887,720
    Other
    $50,530
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $521,351 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $66,369 related
    Deferred
    $0 + $16,775 related
    Nontaxable benefits
    $0 + $33,755 related
    Filer's total
    $0 + $938,250 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.

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401349349304295

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