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Nonprofiteer
← HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC

Form 990 for tax year 2024

Filed by HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC.

Totals

Total revenue
$11,095,800
Total expenses
$8,273,172
Contributions and grants received
$9,639,806
Grants paid
$4,837,855
Program service revenue
$0
Investment income
$1,580,780
Other revenue
-$124,786
Total assets, end of year
$96,484,733
Total liabilities, end of year
$362,706
Net assets or fund balances, end of year
$96,122,027
Program services expenses (Part IX)
$7,473,091
Management and general expenses
$800,081
Fundraising expenses
$0
Program service expenses (Part III)
$7,473,091

Program services were 90.3% 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

    $612,689

  • 1d · Related organizations

    $1,859,702

  • 1f · All other contributions, gifts and grants

    $7,167,415

  • 1g · Noncash contributions included above

    $206,228

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,770,078 · excluded $1,770,078

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $189,298

  • 7c · Gain or loss

    securities -$189,298 · other assets $0

  • 7d · Net gain or loss

    total -$189,298 · excluded -$189,298

  • 8a · Fundraising events: gross income

    $86,273

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

    $612,689

  • 8b · Fundraising events: direct expenses

    $211,059

  • 8c · Net income from fundraising events

    total -$124,786 · excluded -$124,786

  • 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 $4,631,627 · program services $4,631,627

  • 2 · Grants to domestic individuals

    total $206,228 · program services $206,228

  • 5 · Compensation of officers, directors and key employees

    total $211,524 · program services $169,219 · management and general $42,305

  • 11f · Fees: investment management

    total $123,403 · management and general $123,403

  • 11g · Fees: other

    total $11,936 · program services $9,549 · management and general $2,387 · fundraising $0

  • 13 · Office expenses

    total $15,734 · management and general $15,734

  • 22 · Depreciation, depletion and amortization

    total $5,988 · program services $4,790 · management and general $1,198

  • 24a · Other expenses: SHARED SERVICES

    total $2,438,233 · program services $1,948,878 · management and general $489,355

  • 24e · All other expenses

    total $628,499 · program services $502,800 · management and general $125,699 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $217,957 · end of year $1,148,338

  • 3 · Pledges and grants receivable

    beginning of year $2,858,040 · end of year $1,905,325

  • 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 $103,914,882 · end of year $92,828,755

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $308,069 · end of year $602,315

  • 17 · Accounts payable and accrued expenses

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

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $268,359 · end of year $362,706

  • 27 · Net assets without donor restrictions

    beginning of year $35,603,287 · end of year $37,049,631

  • 28 · Net assets with donor restrictions

    beginning of year $54,993,873 · end of year $59,072,396

Mission and programs · 2024

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 $7,473,091 · Grants $4,837,855

As filed on the 2024 return.

Listed in Part VII

  • Father James Deiters

    Chair

    Total calculated
    $0
    Hours/week
    2.5 + 4 related

  • Rachelle Barina

    President

    Total calculated
    $423,048
    From this org
    $176,857
    From related orgs
    $176,857
    Other
    $69,334
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $165,850 + $165,850 related
    Bonus
    $10,834 + $10,834 related
    Other
    $173 + $173 related
    Deferred
    $28,646 + $28,646 related
    Nontaxable benefits
    $6,021 + $6,021 related
    Filer's total
    $211,524 + $211,524 related

  • VICKI SANDRA MEGGINSON PhD

    Vice Chair (until 10/31/24)

    Total calculated
    $0
    Hours/week
    1.5 + 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

  • Erica Smith

    Board Member / HSMO Executive Director-Operations

    Total calculated
    $143,715
    From this org
    $0
    From related orgs
    $124,022
    Other
    $19,693
    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
    $564,436
    From this org
    $0
    From related orgs
    $488,518
    Other
    $75,918
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,304 related
    Bonus
    $0 + $3,276 related
    Other
    $0 + $74,938 related
    Deferred
    $0 + $54,009 related
    Nontaxable benefits
    $0 + $21,909 related
    Filer's total
    $0 + $564,436 related

  • Pam McClelland

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Rath

    Board Member (began 11/1/24)

    Total calculated
    $316,781
    From this org
    $0
    From related orgs
    $301,001
    Other
    $15,780
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,427 related
    Bonus
    $0
    Other
    $0 + $104,574 related
    Deferred
    $0 + $15,780 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $316,781 related

  • Amy Bulpitt

    Secretary / HSHS SVP-Chief Legal Officer

    Total calculated
    $768,230
    From this org
    $0
    From related orgs
    $669,565
    Other
    $98,665
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $612,431 related
    Bonus
    $0 + $9,397 related
    Other
    $0 + $47,737 related
    Deferred
    $0 + $97,660 related
    Nontaxable benefits
    $0 + $1,005 related
    Filer's total
    $0 + $768,230 related

  • Michael Scialdone

    Treasurer / HSHS SVP & CFO

    Total calculated
    $912,947
    From this org
    $0
    From related orgs
    $780,312
    Other
    $132,635
    Hours/week
    0.8 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $727,132 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $48,180 related
    Deferred
    $0 + $112,411 related
    Nontaxable benefits
    $0 + $20,224 related
    Filer's total
    $0 + $912,947 related

  • Daniel McCormack

    Former PRESIDENT/CEO

    Total calculated
    $115,910
    From this org
    $0
    From related orgs
    $115,910
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $115,910 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $115,910 related

  • Kimberly Hodgkinson

    Former CFO/Foundation Treasurer

    Total calculated
    $728,157
    From this org
    $0
    From related orgs
    $728,157
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $728,157 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $728,157 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: $715,000 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE ORGANIZATION: HOSPITAL SISTERS HEALTH SYSTEM EIN: 37-1058692 INTERESTED PERSON: DANIEL MCCORMACK AMOUNT: $112,514 TERMS: COMPENSATION PAID AS A RESULT OF A SEVERANCE
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 2024. THESE DEFERRALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). AMY BULPITT - $73,510 LINDA DACE - $33,310 MICHAEL SCIALDONE - $87,924 Rachelle Barina - $40,043 Patrick Rath - $16,184 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2024. THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND SCHEDULE J, PART II, COLUMN (F), AS APPLICABLE. AMY BULPITT - $46,801 LINDA DACE - $71,109

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.

  • SPRINGFIELD URGENT CARE REAL ESTATE LLC

    N/A · RENTAL REAL ESTATE · IL · 83% owned

    Directly controlled by LASANTE INC

  • REHABILITATION HOSPITAL OF WESTERN WISCONSIN LLC

    Related · MEDICAL · DE · 50% owned · share of income $0 · share of assets $0

    Directly controlled by SACRED HEART HOSPITAL

  • HOSPITAL SISTERS SURGERY CENTER O'FALLON llc

    N/A · MEDICAL · IL · 51% owned

    Directly controlled by ST ELIZABETH'S HOSPITAL

Related corporations and trusts

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

  • KIARA LLC

    C Corporation · HEALTHCARE · IL · 100% owned · share of income $12,978,117 · share of assets $19,279,759 · controlled entity

    Directly controlled by HSHS

  • LASANTE WISCONSIN INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA LLC

  • LASANTE INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by KIARA LLC

  • RENAISSANCE QUALITY INSURANCE LTD

    C Corporation · INSURANCE · CJ · 100% owned · share of income $0 · share of assets $227,389,871 · controlled entity

    Directly controlled by HSSI

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.1
Source object
202621269349303247

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