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Nonprofiteer
← CHRISTUS HEALTH STRATEGIC GROWTH

Form 990 for tax year 2023

Filed by CHRISTUS HEALTH STRATEGIC GROWTH.

Totals

Total revenue
$22,760,452
Total expenses
$7,862
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$22,760,452
Other revenue
$0
Total assets, end of year
$257,752,770
Total liabilities, end of year
$2,660,521
Net assets or fund balances, end of year
$255,092,249
Program services expenses (Part IX)
$0
Management and general expenses
$7,862
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $6,315,118 · excluded $6,315,118

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $16,445,334

  • 7c · Gain or loss

    securities $16,445,334

  • 7d · Net gain or loss

    total $16,445,334 · excluded $16,445,334

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,500 · management and general $6,500

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,362 · management and general $1,362

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISC EXPENSE

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,896,619 · end of year $50,863,483

  • 2 · Savings and temporary cash investments

    beginning of year $750,137 · end of year $784,793

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 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 $41,697,903 · end of year $45,143,470

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $28,687,755 · end of year $36,570,274

  • 13 · Investments: program-related

    beginning of year $131,171,161 · end of year $124,390,750

  • 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 -$10 · end of year -$10

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · 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 $2,660,531 · end of year $2,660,531

  • 27 · Net assets without donor restrictions

    beginning of year $254,543,054 · end of year $255,092,249

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES OF ADVANCING, PROMOTING, AND SUPPORTING THE HEALTH CARE MINISTRIES OF THOSE RELIGIOUS CONGREGATIONS (THE "SPONSORING CONGREGATIONS" ) QUALIFIED AND APPROVED AS A SPONSOR OF CHRISTUS HEALTH ("CHRISTUS") IN ACCORDANCE WITH THE BYLAWS OF CHRISTUS WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE CORPORATION'S MISSION SHALL BE TO EXTEND THE HEALING MINISTRY OF JESUS CHRIST, CONSISTENT THEREWITH, SHALL OPERATE ACCORDING TO THE DOCTRINES, RESOLUTIONS, DECREES AND ETHICAL PRINCIPLES OF THE SPONSORING CONGREGATION AND THE ETHICAL AND RELIGIOUS DIRECTIVES FOR CATHOLIC HEALTH SERVICES AS PROMULGATED AND AMENDED FROM TIME TO TIME BY THE UNITED STATES CATHOLIC CONFERENCE OF BISHOPS.

Activities or mission (Part I)

SUPPORTING THE HEALTH CARE MINISTRIES OF THE SPONSORING CONGREGATIONS IN EXTENDING THE HEALING MINISTRY OF JESUS CHRIST IN CONFORMITY WITH THE ROMAN CATHOLIC CHURCH.

  • CHRISTUS HEALTH STRATEGIC GROWTH'S (CHSG) PRIMARY PURPOSE IS TO AID, LEND FINANCIAL SUPPORT AND ASSISTANCE TO, AND TO INVEST AND/OR DISPOSE OF FUNDS OF FOR THE USE AND BENEFIT OF, AND IN FURTHERANCE OF THE CHARITABLE PURPOSES OF CHRISTUS HEALTH (CH) AND CHRISTUS CONTINUING CARE (CCC), BOTH IN THE U.S. AND ABROAD. ONE OF CHSG'S SPECIFIC PURPOSES IS TO HOLD INTERESTS IN FOREIGN ENTITIES AND PROVIDE FINANCING TO FOREIGN INTERESTS IN SUPPORT OF THE SECTION 501(C )(3) MISSIONS OF CH AND CCC. CHSG HAS NO EMPLOYEES AND IT IS NOT ANTICIPATED THAT CHSG WILL HAVE EMPLOYEES IN THE FUTURE. WHILE IT IS ANTICIPATED THAT CHSG WILL SUPPORT CH AND CCC IN PROVIDING CHARITABLE HEALTH CARE SERVICES IN A NUMBER OF FOREIGN JURISDICTIONS, AS OF THE DATE OF THIS RETURN, CHSG'S ACTIVITIES HAVE BEEN DIRECTED TOWARD PROVIDING FINANCING IN SUPPORT OF CH AND CCC'S CHILEAN HEALTH CARE ACTIVITIES AND THE ACQUISITION OF AN INVESTMENT IN US URGENT CARE CENTERS.

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

Listed in Part VII

  • Ernie W Sadau

    CHAIR/PRESIDENT

    Total calculated
    $17,977,833
    From this org
    $0
    From related orgs
    $17,888,183
    Other
    $89,650
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $2,381,334 related
    Bonus
    not reported + $7,652,681 related
    Other
    not reported + $7,854,168 related
    Deferred
    not reported + $83,415 related
    Nontaxable benefits
    not reported + $6,235 related
    Filer's total
    not reported + $17,977,833 related

  • Jeffrey M Puckett

    Director

    Total calculated
    $8,885,985
    From this org
    $0
    From related orgs
    $8,785,568
    Other
    $100,417
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,555,613 related
    Bonus
    not reported + $3,764,956 related
    Other
    not reported + $3,464,999 related
    Deferred
    not reported + $85,694 related
    Nontaxable benefits
    not reported + $14,723 related
    Filer's total
    not reported + $8,885,985 related

  • Randy W Safady

    DIR / TREASURER

    Total calculated
    $7,260,371
    From this org
    $0
    From related orgs
    $7,181,462
    Other
    $78,909
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,482,194 related
    Bonus
    not reported + $3,630,377 related
    Other
    not reported + $2,068,891 related
    Deferred
    not reported + $70,284 related
    Nontaxable benefits
    not reported + $8,625 related
    Filer's total
    not reported + $7,260,371 related

  • Jeannie Frey

    SR. LEADERSHIP

    Total calculated
    $1,578,055
    From this org
    $0
    From related orgs
    $1,505,851
    Other
    $72,204
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $770,035 related
    Bonus
    not reported + $547,872 related
    Other
    not reported + $187,944 related
    Deferred
    not reported + $65,701 related
    Nontaxable benefits
    not reported + $6,503 related
    Filer's total
    not reported + $1,578,055 related

  • Melissa Williams

    TREASURER

    Total calculated
    $800,629
    From this org
    $0
    From related orgs
    $525,286
    Other
    $275,343
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $292,953 related
    Bonus
    not reported + $111,195 related
    Other
    not reported + $121,138 related
    Deferred
    not reported + $77,823 related
    Nontaxable benefits
    not reported + $197,520 related
    Filer's total
    not reported + $800,629 related

  • Karen R Oliver

    Secretary

    Total calculated
    $161,677
    From this org
    $0
    From related orgs
    $118,018
    Other
    $43,659
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $116,472 related
    Bonus
    not reported + $1,200 related
    Other
    not reported + $346 related
    Deferred
    not reported + $27,815 related
    Nontaxable benefits
    not reported + $15,844 related
    Filer's total
    not reported + $161,677 related

  • Dennis N Stine

    Director

    Total calculated
    $30,736
    From this org
    $0
    From related orgs
    $30,736
    Other
    $0
    Hours/week
    1 + 39 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)

SUPPLEMENTAL COMPENSATION INFORMATION
FORM 990, PART VII, QUESTION 1A AND SCHEDULE J, PART II DIRECTORS AND EX-OFFICIO DIRECTORS PROVIDE THEIR SERVICES AS MEMBERS OF THE BOARD WITHOUT COMPENSATION OR BENEFITS. ANY COMPENSATION AND BENEFITS DISCLOSED FOR SUCH PERSONS IS EARNED IN THE RESPECTIVE INDIVIDUAL'S ROLE AS AN OFFICER OR EMPLOYEE OF THE ORGANIZATION, NOT FOR THE INDIVIDUAL'S ROLE AS A BOARD MEMBER OR DIRECTOR. BOARD MEMBERS SPEND TIME AS NEEDED FOR BOARD MEETINGS AND FUNCTIONS.
RELATED ORG DETERMINING PRESIDENT'S COMPENSATION
FORM 990, SCHEDULE J, PART I, LINE 3 THE FILING ORGANIZATION'S PRESIDENT IS AN EMPLOYEE OF CHRISTUS HEALTH, A RELATED ORGANIZATION. AS A RESULT, COMPENSATION IS ESTABLISHED AT THE CHRISTUS HEALTH LEVEL AND THE FILING ORGANIZATION DOES NOT HAVE A ROLE IN IMPLEMENTING THE METHODS USED TO ESTABLISH COMPENSATION OR IN DETERMINING PRESIDENT/EXECUTIVE DIRECTOR COMPENSATION. CHRISTUS HEALTH USES AN EXECUTIVE COMPENSATION COMMITTEE TO ESTABLISH AND APPROVE THE COMPENSATION OF THE FILING ORGANIZATION'S PRESIDENT/EXECUTIVE DIRECTOR. THIS COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT WHO PERFORMS BI-ANNUAL COMPENSATION SURVEY.
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
FORM 990, SCHEDULE J, PART I, LINE 4B DEFERRED COMPENSATION INCLUDES EXECUTIVE DEFERRED INCOME ACCOUNT, SUPPLEMENTAL EXECUTIVE RETIREMENT AND RETENTION PLAN, AND PENSION RESTORATION PLAN. ESTIMATED PENSION BENEFITS WERE CALCULATED BASED ON THE PROVISIONS OF THE CURRENT PENSION RESTORATION PLAN AT 6% OF PENSIONABLE EARNINGS WHICH ARE OVER THE IRS LEGISLATIVE COMPENSATION LIMIT. SOME ASSOCIATES ARE GRANDFATHERED UNDER AN EARLIER LEGACY PENSION PLAN. IF A PARTICIPANT HAS PROTECTED PENSION BENEFITS UNDER SUCH LEGACY PLANS, HIS/HER PERCENTAGE IS ZERO UNDER THE SUPPLEMENTAL EXECUTIVE RETIREMENT AND RETENTION PLAN, AS THE PROTECTED BENEFIT IS ALREADY EQUAL TO OR BETTER THAN CURRENT MARKET.
SUPPLEMENTAL COMPENSATION INFORMATION
FORM 990, SCHEDULE J, PART II W-2 COMPENSATION MAY INCLUDE PAYMENTS RELATED TO COMPENSATION DEFERRED IN PRIOR YEARS. DEFERRED COMPENSATION MAY INCLUDE DEFERRALS OF CURRENT YEAR COMPENSATION UNDER EXECUTIVE DEFERRED INCOME ACCOUNT, SUPPLEMENTAL EXECUTIVE RETIREMENT AND RETENTION PLAN AND PENSION RESTORATION PLAN.
SUPPLEMENTAL COMPENSATION INFORMATION
FORM 990, SCHEDULE J, PART II, COLUMN B(II) BONUS AND INCENTIVE COMPENSATION MAY INCLUDE AMOUNTS THAT WERE DEFERRED IN A PRIOR YEAR BUT PAID OUT IN CALENDAR YEAR 2023.
DEFERRED COMPENSATION
FORM 990, SCHEDULE J, PART II, COLUMN C DEFERRED COMPENSATION INCLUDES EXECUTIVE DEFERRED INCOME ACCOUNT, SUPPLEMENTAL EXECUTIVE RETIREMENT AND RETENTION PLAN, EMPLOYER CONTRIBUTION TO 403(B) MATCHED SAVINGS PLAN, PENSION RESTORATION PLAN AND ESTIMATED PENSION BENEFITS UNDER CHRISTUS HEALTH CASH BALANCE PLAN. ESTIMATED PENSION BENEFITS WERE CALCULATED BASED ON THE PROVISIONS OF THE CURRENT CASH BALANCE PLAN AT 6% OF PENSIONABLE EARNINGS. SOME ASSOCIATES ARE GRANDFATHERED UNDER AN EARLIER PENSION PLAN. THESE GRANDFATHERED PARTICIPANTS, BASED ON COMPUTATION AT THE TIME OF THEIR RETIREMENT, WILL RECEIVE THE LARGER OF THE RETIREMENT BENEFIT COMPUTED UNDER THE CASH BALANCE PLAN COMPARED TO THE PREVIOUS PENSION PLAN. DUE TO THE COMPLEXITY OF CALCULATING AN ACCURATE BENEFIT COST FOR GRANDFATHERED PARTICIPANTS, THE FORM 990 REPORTS AS PENSION BENEFITS THEIR ANNUAL ESTIMATED CASH BALANCE PLAN ACCRUAL.
SEVERANCE
FORM 990, SCHEDULE J, PART I, LINE 4A SEVERANCE PAID DURING CALENDAR YEAR 2023. NONE

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.

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 corporations and trusts

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

  • CHRISTUS MUGUERZA SAPI DE CV

    C CORP · HEALTHCARE SV · MX · controlled entity

    Directly controlled by CH

  • EMERALD ASSURANCE CAYMAN LTD

    C CORP · INSURANCE · CJ · controlled entity

    Directly controlled by CH

  • AMATISTA FINANCING COMPANY LTD

    C CORP · FINANCING · CJ · 100% owned · share of income $3,542,590 · share of assets $102,835,700 · controlled entity

    Directly controlled by CH STRAT GRWTH

  • CHRISTUS CHILE SPA

    C CORP · INVESTING · CI · controlled entity

    Directly controlled by CH LATIN AMER

  • CHRISTUS LOUISIANA QUALITY ALLIANCE

    C CORP · ACO · LA · controlled entity

    Directly controlled by CH

  • CHRISTUS HEALTH COLOMBIA SAS

    C CORP · HLTHCARE SVCS · CO · controlled entity

    Directly controlled by CH INT'L

  • LATAM HUB - CTR OF EXCELLENCE & INNOVATN

    C CORP · RESEARCH & DE · MX · 99.999% owned · share of income $29,543,191 · share of assets $21,555,050 · controlled entity

    Directly controlled by CHSG

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531339349304918

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