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← FOUNDATION OF SAINT JOSEPH REGIONAL MEDICAL CENTER INC

Form 990 for tax year 2023

Filed by FOUNDATION OF SAINT JOSEPH REGIONAL MEDICAL CENTER INC.

Totals

Total revenue
$2,362,772
Total expenses
$1,053,255
Contributions and grants received
$708,980
Grants paid
$970,749
Program service revenue
$0
Investment income
$1,437,628
Other revenue
$216,164
Total assets, end of year
$23,334,574
Total liabilities, end of year
$3,213,003
Net assets or fund balances, end of year
$20,121,571
Program services expenses (Part IX)
$1,038,366
Management and general expenses
$14,889
Fundraising expenses
$0
Program service expenses (Part III)
$1,038,366

Program services were 98.6% 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.

  • 1f · All other contributions, gifts and grants

    $708,980

  • 3 · Investment income

    total $1,144,459 · excluded $1,144,459

  • 7a · Gross sales of assets other than inventory

    securities $293,169

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

    securities $0

  • 7c · Gain or loss

    securities $293,169

  • 7d · Net gain or loss

    total $293,169 · excluded $293,169

  • 9a · Gaming: gross income

    $422,325

  • 9b · Gaming: direct expenses

    $206,161

  • 9c · Net income from gaming

    total $216,164 · excluded $216,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $970,749 · program services $970,749

  • 7 · Other salaries and wages

    total $46,373 · program services $46,373

  • 9 · Other employee benefits

    total $5,225 · program services $5,225

  • 10 · Payroll taxes

    total $3,494 · program services $3,494

  • 11f · Fees: investment management

    total $14,889 · management and general $14,889

  • 11g · Fees: other

    total $116 · program services $116

  • 12 · Advertising and promotion

    total $4,622 · program services $4,622

  • 13 · Office expenses

    total $4,171 · program services $4,171

  • 17 · Travel

    total $398 · program services $398

  • 24a · Other expenses: MISCELLANEOUS

    total $3,218 · program services $3,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $300 · end of year $14,951

  • 2 · Savings and temporary cash investments

    beginning of year $12,703,018 · end of year $12,175,372

  • 3 · Pledges and grants receivable

    beginning of year $16,000 · end of year $27,886

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

    $14,723

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

    $14,723

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,194,923 · end of year $10,910,359

  • 12 · Investments: other securities

    beginning of year $1,118,021 · end of year $195,826

  • 15 · Other assets

    beginning of year $1,548,754 · end of year $10,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $56

  • 19 · Deferred revenue

    beginning of year $1,001,946 · end of year $8,616

  • 25 · Other liabilities

    beginning of year $7,930,402 · end of year $3,204,387

  • 27 · Net assets without donor restrictions

    beginning of year $7,877,978 · end of year $9,668,048

  • 28 · Net assets with donor restrictions

    beginning of year $8,770,634 · end of year $10,453,523

Mission and programs · 2023

Mission

WE, SAINT JOSEPH REGIONAL MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.THE FOUNDATION OF SAINT JOSEPH REGIONAL MEDICAL CENTER IS A MEMBER OF SAINT JOSEPH REGIONAL MEDICAL CENTER AND TRINITY HEALTH.

Activities or mission (Part I)

TO PROVIDE SUPPORT FOR THE PROGRAMS OF SAINT JOSEPH REGIONAL MEDICAL CENTER, INC. AND ITS AFFILIATES.

  • THE FOUNDATION OF SAINT JOSEPH REGIONAL MEDICAL CENTER, D/B/A THE FOUNDATION OF SAINT JOSEPH HEALTH SYSTEM, BEGAN ITS OPERATIONS IN 1985 AND IS LOCATED IN SOUTH BEND, INDIANA. THE FOUNDATION IS THE PHILANTHROPIC ARM OF SAINT JOSEPH REGIONAL MEDICAL CENTER SYSTEM. THE FOUNDATION RAISED OVER $708,980 IN FISCAL YEAR 2024. THESE CONTRIBUTIONS HELP SUPPORT NURSING EDUCATION, HOSPITAL DEPARTMENTS, AND MANY OUTREACH PROGRAMS INCLUDING A MOBILE MEDICAL UNIT, PEDIATRIC SPECIALTY CLINICS, COMMUNITY HEALTH CENTERS AND THE WOMAN'S TASK FORCE.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.SJMED.COM/FOUNDATION/ABOUT-US/

    Expenses $1,038,366 · Grants $970,749

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

Listed in Part VII

  • DRU CASH

    DIRECTOR; SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN STANLEY

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • AIMEE MATTHEWS

    DIRECTOR; VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • CARLA CRITTENDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DEBI GIDLEY

    DIRECTOR AS OF 1/24

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN HOUSAND

    DIRECTOR THROUGH 11/23

    Total calculated
    $0
    Hours/week
    0.5

  • JOETTA HUELSMANN PHJC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SAMUEL MILLIGAN MD

    DIRECTOR & TREASURER THROUGH 8/23

    Total calculated
    $0
    Hours/week
    0.5

  • SUZANNE PATTERSON CSC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN RIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS THORNTON

    DIRECTOR THROUGH 1/24

    Total calculated
    $0
    Hours/week
    0.5

  • WENDELL WELLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BEN ZIOLKOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT SINK

    INTERIM TREASURER 09/23 ; VP FINANCE

    Total calculated
    $364,346
    From this org
    $0
    From related orgs
    $325,750
    Other
    $38,596
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,260 related
    Bonus
    $0 + $49,980 related
    Other
    $0 + $27,510 related
    Deferred
    $0 + $22,599 related
    Nontaxable benefits
    $0 + $15,997 related
    Filer's total
    $0 + $364,346 related

  • CHAD TOWNER

    FORMER OFFICER

    Total calculated
    $147,847
    From this org
    $0
    From related orgs
    $142,012
    Other
    $5,835
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $142,012 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,835 related
    Filer's total
    $0 + $147,847 related

  • DOUGLAS STRONG

    FORMER OFFICER

    Total calculated
    $284,484
    From this org
    $0
    From related orgs
    $274,446
    Other
    $10,038
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,218 related
    Bonus
    $0
    Other
    $0 + $13,228 related
    Deferred
    $0 + $3,918 related
    Nontaxable benefits
    $0 + $6,120 related
    Filer's total
    $0 + $284,484 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

  • 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)

PART I, LINE 3
THE FOUNDATION OF SAINT JOSEPH REGIONAL MEDICAL CENTER, INC. IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. SAINT JOSEPH REGIONAL MEDICAL CENTER, INC.'S CEO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE FOUNDATION SAINT JOSEPH REGIONAL MEDICAL CENTER, INC.'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2023. THIS AMOUNT IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: CHAD TOWNER - $136,002 COLUMN F OF SCHEDULE J, PART II INCLUDE THE PORTION OF THESE AMOUNTS THAT WERE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II. THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH RESTORATION OR RETENTION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($330,000 FOR 2023). THE FOLLOWING PAYOUTS FOR 2023 FOR THIS PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: ROBERT SINK - $590 DOUGLAS STRONG - $5,249

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541299349302784

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