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Nonprofiteer
← HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC

Form 990 for tax year 2023

Filed by HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC.

Totals

Total revenue
$12,122,465
Total expenses
$20,642,946
Contributions and grants received
$8,499,311
Grants paid
$16,729,842
Program service revenue
$0
Investment income
$3,439,825
Other revenue
$183,329
Total assets, end of year
$107,298,948
Total liabilities, end of year
$16,701,788
Net assets or fund balances, end of year
$90,597,160
Program services expenses (Part IX)
$19,503,949
Management and general expenses
$1,138,997
Fundraising expenses
$0
Program service expenses (Part III)
$19,503,949

Program services were 94.5% 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

    $157,335

  • 1d · Related organizations

    $494,852

  • 1f · All other contributions, gifts and grants

    $7,847,124

  • 1g · Noncash contributions included above

    $232,250

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,774,971 · excluded $1,774,971

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,664,854

  • 7c · Gain or loss

    securities $1,664,854 · other assets $0

  • 7d · Net gain or loss

    total $1,664,854 · excluded $1,664,854

  • 8a · Fundraising events: gross income

    $312,412

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

    $157,335

  • 8b · Fundraising events: direct expenses

    $129,083

  • 8c · Net income from fundraising events

    total $183,329 · excluded $183,329

  • 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 $16,497,592 · program services $16,497,592

  • 2 · Grants to domestic individuals

    total $232,250 · program services $232,250

  • 5 · Compensation of officers, directors and key employees

    total $219,985 · program services $175,988 · management and general $43,997

  • 11f · Fees: investment management

    total $327,064 · management and general $327,064

  • 11g · Fees: other

    total $665,389 · program services $532,311 · management and general $133,078 · fundraising $0

  • 13 · Office expenses

    total $118,406 · management and general $118,406

  • 24a · Other expenses: Corporate Allocation

    total $2,582,260 · program services $2,065,808 · management and general $516,452

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,443,340 · end of year $217,957

  • 3 · Pledges and grants receivable

    beginning of year $2,986,515 · end of year $2,858,040

  • 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

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $109,552,008 · end of year $103,914,882

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $684,483 · end of year $308,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $16,433,429

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $619,755 · end of year $268,359

  • 27 · Net assets without donor restrictions

    beginning of year $38,616,907 · end of year $35,603,287

  • 28 · Net assets with donor restrictions

    beginning of year $75,429,684 · end of year $54,993,873

Mission and programs · 2023

Mission

TO SEEK, INVITE, WELCOME AND INVOLVE ALL THOSE WHO WISH TO SHARE, BY THEIR GIFTS OF TIME, TALENT AND purpose, IN THE HEALING MISSION OF THE HOSPITAL SISTERS OF THE THIRD ORDER OF ST. FRANCIS; AND TO PROVIDE FINANCIAL SUPPORT, THROUGH PHILANTHROPY, TO THE MANY HEALING ENDEAVORS OF THE HOSPITAL SISTERS OF ST. FRANCIS.

Activities or mission (Part I)

PROVIDE FINANCIAL SUPPORT, THROUGH PHILANTHROPY, TO THE MANY HEALING ENDEAVORS OF THE HOSPITAL SISTERS OF ST. FRANCIS.

  • TO AID PERSONS WHO ARE UNABLE TO PROVIDE COMPLETELY FOR THEMSELVES IN OBTAINING HEALTH CARE SERVICES; SUPPLEMENT AND ENHANCE PROGRAMS IN HEALTH SERVICES WITH SPECIAL DEFERENCE TO PROGRAMS OF HOSPITALS SPONSORED BY THE HOSPITAL SISTERS OF THE THIRD ORDER OF ST. FRANCIS, AMERICAN PROVINCE; AND TO PROVIDE FINANCIAL ASSISTANCE IN DEVELOPING, MAINTAINING AND IMPROVING VARIOUS TYPES OF HEALTH SERVICES INCLUDING EDUCATION AND RESEARCH.

    Expenses $19,503,949 · Grants $16,729,842

As filed on the 2023 return.

Listed in Part VII

  • Rachelle Barina

    President

    Total calculated
    $439,970
    From this org
    $183,648
    From related orgs
    $183,648
    Other
    $72,674
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $152,546 + $152,546 related
    Bonus
    $30,692 + $30,692 related
    Other
    $410 + $410 related
    Deferred
    $30,293 + $30,293 related
    Nontaxable benefits
    $6,044 + $6,044 related
    Filer's total
    $219,985 + $219,985 related

  • Rev James Deiters

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VICKI SANDRA MEGGINSON PhD

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ann M Carr

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bharati Jhaveri MD

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Catherine Taylor Yank

    Board Member (Until 7/25/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erica Smith

    Board Member / HSMO Executive Director-Operations

    Total calculated
    $138,834
    From this org
    $0
    From related orgs
    $119,899
    Other
    $18,935
    Hours/week
    1 + 59 related

  • Geoff Nielson

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jerry Worrick

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Dace

    Board Member / HSHS Chief Accounting Officer

    Total calculated
    $533,657
    From this org
    $0
    From related orgs
    $458,426
    Other
    $75,231
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,588 related
    Bonus
    $0 + $54,243 related
    Other
    $0 + $4,595 related
    Deferred
    $0 + $53,288 related
    Nontaxable benefits
    $0 + $21,943 related
    Filer's total
    $0 + $533,657 related

  • Pam McClelland

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven A Hassebrock

    Board Member (Until 10/31/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Bulpitt

    Secretary / HSHS SVP-Chief Legal Officer

    Total calculated
    $869,496
    From this org
    $0
    From related orgs
    $784,631
    Other
    $84,865
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,631 related
    Bonus
    $0 + $120,690 related
    Other
    $0 + $82,310 related
    Deferred
    $0 + $83,807 related
    Nontaxable benefits
    $0 + $1,058 related
    Filer's total
    $0 + $869,496 related

  • Kimberly Hodgkinson

    CFO/Foundation Treasurer (UNTIL 9/7/23)

    Total calculated
    $867,623
    From this org
    $0
    From related orgs
    $841,183
    Other
    $26,440
    Hours/week
    2.5 + 57.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,978 related
    Bonus
    $0 + $140,847 related
    Other
    $0 + $198,358 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $19,840 related
    Filer's total
    $0 + $867,623 related

  • Michael Scialdone

    Treasurer / HSHS SVP & CFO (began 01/08/24)

    Total calculated
    $0
    Hours/week
    0.8 + 59.2 related

  • Damond Boatwright

    Former Board Member / HSHS President/CEO

    Total calculated
    $1,823,992
    From this org
    $0
    From related orgs
    $1,539,956
    Other
    $284,036
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,245,335 related
    Bonus
    $0 + $294,621 related
    Other
    $0
    Deferred
    $0 + $249,526 related
    Nontaxable benefits
    $0 + $34,510 related
    Filer's total
    $0 + $1,823,992 related

  • Daniel McCormack

    Former PRESIDENT/CEO (until 6/23/23)

    Total calculated
    $567,187
    From this org
    $0
    From related orgs
    $522,446
    Other
    $44,741
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,372 related
    Bonus
    $0 + $47,830 related
    Other
    $0 + $295,244 related
    Deferred
    $0 + $34,235 related
    Nontaxable benefits
    $0 + $10,506 related
    Filer's total
    $0 + $567,187 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
PLEASE SEE RESPONSE TO FORM 990, PART VI, LINE 15A IN SCHEDULE O.
Schedule J, Part I, Line 4a Severance or change-of-control payment
ORGANIZATION: HOSPITAL SISTERS HEALTH SYSTEM EIN: 37-1058692 INTERESTED PERSON: KIMBERLY HODGKINSON AMOUNT: $192,500 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE FROM THE POSITION OF CFO/FOUNDATION TREASURER. ORGANIZATION: HOSPITAL SISTERS OF ST. FRANCIS FOUNDATION, INC. EIN: 37-1186514 INTERESTED PERSON: DANIEL MCCORMACK AMOUNT: $168,771 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE FROM THE POSITION OF PRESIDENT & CEO.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
HSHS EXECUTIVES ELIGIBLE TO PARTICIPATE IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ARE DEFINED IN THE SERP PLAN DOCUMENTS. THE SERP WAS ESTABLISHED TO PROVIDE ADDITIONAL RETIREMENT BENEFITS TO ENSURE REASONABLE MARKET COMPETITIVE BENEFITS IN ACCORDANCE WITH THE HSHS EXECUTIVE COMPENSATION PHILOSOPHY ESTABLISHED BY THE HSHS COMPENSATION COMMITTEE. THE PLAN PROVIDES A DEFINED RETIREMENT CONTRIBUTION TO PARTICIPANTS COMMENCING ON JANUARY 1, 2008, EQUAL TO A PERCENTAGE OF COMPENSATION AS DEFINED IN THE SERP PLAN DOCUENTS FOR THE PLAN YEAR. PARTICIPANTS CONSTRUCTIVELY RECEIVE A DISTRIBUTION FROM THE PLAN NO LATER THAN MARCH 15TH OF THE CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH AN AMOUNT IS VESTED AND TAXABLE PURSUANT TO A VESTING SCHEDULE AS SPECIFIED IN THE PLAN DOCUMENT. THE ACTUAL DISTRIBUTION OF THE VESTED BENEFIT UNDER THE PLAN IS PAID IN A SINGLE LUMP SUM TO THE PARTICIPANT OR THE PARTICIPANT'S BENEFICIARY UPON THE EARLIER OF THE PARTICIPANT'S TERMINATION OF EMPLOYMENT, DEATH, OR TOTAL AND PERMANENT DISABILITY. THE FOLLOWING INTERESTED PERSONS CONSTRUCTIVELY RECEIVED DEFERRALS TO THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023; THESE DEFERRALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). DAMOND BOATWRIGHT -- $233,026 AMY BULPITT -- $83,807 LINDA DACE -- $36,788 RACHELLE BARINA -- $44,086 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023; THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND SCHEDULE J, PART II, COLUMN (F), AS APPLICABLE. AMY BULPITT -- $49,802 DANIEL MCCORMACK -- $114,240

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • PRAIRIE HEART INSTITUTE MANAGEMENT COMPANY LLC

    Related · MEDICAL · IL · 100% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by HSHS

Related corporations and trusts

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

  • KIARA INC

    C Corporation · HEALTHCARE · IL · 100% owned · share of income $953,484 · share of assets $19,065,022 · controlled entity

    Directly controlled by HSHS

  • LASANTE WISCONSIN INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA INC

  • LASANTE INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA INC

  • PREVEA HEALTH SERVICES INC

    C Corporation · HEALTHCARE · WI · 50% owned · share of income -$678,213 · share of assets $23,739,679 · controlled entity

    Directly controlled by HSSI

  • PREVEA CLINIC INC

    C Corporation · HEALTHCARE · WI · controlled entity

    Directly controlled by PHSI

  • RENAISSANCE QUALITY INSURANCE LTD

    C Corporation · INSURANCE · CJ · 100% owned · share of income $0 · share of assets $204,854,765 · controlled entity

    Directly controlled by HSSI

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521269349301812

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