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Nonprofiteer
← HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC

Form 990 for tax year 2022

Filed by HOSPITAL SISTERS OF ST FRANCIS FOUNDATION INC.

Totals

Total revenue
$12,987,767
Total expenses
$10,884,514
Contributions and grants received
$8,761,251
Grants paid
$4,996,531
Program service revenue
$0
Investment income
$3,764,368
Other revenue
$462,148
Total assets, end of year
$114,666,346
Total liabilities, end of year
$619,755
Net assets or fund balances, end of year
$114,046,591
Program services expenses (Part IX)
$8,375,644
Management and general expenses
$2,508,870
Fundraising expenses
$0
Program service expenses (Part III)
$8,375,644

Program services were 77.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $68,293

  • 1d · Related organizations

    $1,686,580

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $7,006,378

  • 1g · Noncash contributions included above

    $241,113

  • 2a · Program service revenue

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

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

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

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,609,575 · related or exempt $0 · unrelated business $0 · excluded $1,609,575

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

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $2,154,793 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $2,154,793 · other assets $0

  • 7d · Net gain or loss

    total $2,154,793 · related or exempt $0 · unrelated business $0 · excluded $2,154,793

  • 8a · Fundraising events: gross income

    $776,051

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

    $68,293

  • 8b · Fundraising events: direct expenses

    $313,903

  • 8c · Net income from fundraising events

    total $462,148 · excluded $462,148

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue

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

  • 11b · Other revenue

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

  • 11c · Other revenue

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

  • 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 $4,755,418 · program services $4,755,418

  • 2 · Grants to domestic individuals

    total $241,113 · program services $241,113

  • 5 · Compensation of officers, directors and key employees

    total $567,529 · program services $454,023 · management and general $113,506 · fundraising $0

  • 11f · Fees: investment management

    total $1,310,864 · management and general $1,310,864

  • 11g · Fees: other

    total $2,222,031 · program services $1,777,625 · management and general $444,406 · fundraising $0

  • 13 · Office expenses

    total $353,228 · management and general $353,228

  • 24a · Other expenses: Shared Services

    total $1,434,331 · program services $1,147,465 · management and general $286,866

  • 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 $1,374,351 · end of year $1,443,340

  • 3 · Pledges and grants receivable

    beginning of year $3,440,826 · end of year $2,986,515

  • 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 $105,806,438 · end of year $109,552,008

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $544,553 · end of year $684,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,479 · 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 $453,090 · end of year $619,755

  • 27 · Net assets without donor restrictions

    beginning of year $38,660,076 · end of year $38,616,907

  • 28 · Net assets with donor restrictions

    beginning of year $72,043,523 · end of year $75,429,684

Mission and programs · 2022

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 $8,375,644 · Grants $4,996,531

As filed on the 2022 return.

Listed in Part VII

  • DANIEL MCCORMACK

    PRESIDENT & CEO (until 6/23/23)

    Total calculated
    $567,529
    From this org
    $493,218
    From related orgs
    $0
    Other
    $74,311
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $352,521
    Bonus
    $49,975
    Other
    $90,722
    Deferred
    $46,030
    Nontaxable benefits
    $28,281
    Filer's total
    $567,529

  • REV JAMES DEITERS

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VICKI SANDRA MEGGINSON PhD

    2022 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

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAMOND BOATWRIGHT

    Board Member (until 10/31/22)

    Total calculated
    $1,964,941
    From this org
    $0
    From related orgs
    $1,693,985
    Other
    $270,956
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,234,564 related
    Bonus
    $0 + $301,083 related
    Other
    $0 + $158,338 related
    Deferred
    $0 + $255,073 related
    Nontaxable benefits
    $0 + $15,883 related
    Filer's total
    $0 + $1,964,941 related

  • ERICA SMITH

    Board Member

    Total calculated
    $126,918
    From this org
    $0
    From related orgs
    $111,401
    Other
    $15,517
    Hours/week
    1 + 39 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

  • PAM MCCLELLAND

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVEN A HASSEBROCK

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AMY BULPITT

    Secretary

    Total calculated
    $1,095,127
    From this org
    $0
    From related orgs
    $1,005,574
    Other
    $89,553
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $571,980 related
    Bonus
    $0 + $123,250 related
    Other
    $0 + $310,344 related
    Deferred
    $0 + $88,321 related
    Nontaxable benefits
    $0 + $1,232 related
    Filer's total
    $0 + $1,095,127 related

  • Kimberly Hodgkinson

    CFO/Foundation Treasurer

    Total calculated
    $566,249
    From this org
    $0
    From related orgs
    $508,183
    Other
    $58,066
    Hours/week
    2.5 + 57.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,668 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $129,515 related
    Deferred
    $0 + $46,924 related
    Nontaxable benefits
    $0 + $11,142 related
    Filer's total
    $0 + $566,249 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
  • 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
PLEASE SEE RESPONSE TO FORM 990, PART VI, LINE 15A IN SCHEDULE O.
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 2022 THESE DEFERRALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). Damond Boatwright -- $230,862 Amy Bulpitt -- $83,003 Kim Hodgkinson -- $40,920 DANIEL MCCORMACK -- $40,958 THE FOLLOWING INTERESTED PERSONS RECEIVED DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2022 THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND SCHEDULE J, PART II, COLUMN (F), AS APPLICABLE. Amy Bulpitt -- $188,611 DANIEL MCCORMACK -- $40,020

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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.

  • KIARA INC

    C Corporation · HEALTHCARE · IL · 100% owned · share of income $601,904 · share of assets $18,670,450 · 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 -$1,641,640 · share of assets $24,425,128 · 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 $156,895,227 · controlled entity

    Directly controlled by HSSI

  • OJV INC

    C Corporation · HEALTHCARE · IL · controlled entity

    Directly controlled by LASANTE INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349303392

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