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Nonprofiteer
← CHRISTUS ST MICHAEL FOUNDATION

Form 990 for tax year 2022

Filed by CHRISTUS ST MICHAEL FOUNDATION.

Totals

Total revenue
$1,397,539
Total expenses
$1,089,044
Contributions and grants received
$882,386
Grants paid
$558,953
Program service revenue
$0
Investment income
$536,083
Other revenue
-$20,930
Total assets, end of year
$7,059,282
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,059,282
Program services expenses (Part IX)
$558,953
Management and general expenses
$312,289
Fundraising expenses
$217,802
Program service expenses (Part III)
$558,953

Program services were 51.3% 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

    $53,492

  • 1d · Related organizations

    $362,486

  • 1f · All other contributions, gifts and grants

    $466,408

  • 3 · Investment income

    total $169,886 · excluded $169,886

  • 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 $3,745,930

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

    securities $3,379,733

  • 7c · Gain or loss

    securities $366,197

  • 7d · Net gain or loss

    total $366,197 · excluded $366,197

  • 8a · Fundraising events: gross income

    $76,650

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

    $53,492

  • 8b · Fundraising events: direct expenses

    $97,580

  • 8c · Net income from fundraising events

    total -$20,930 · excluded -$20,930

  • 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 $558,953 · program services $558,953

  • 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 $111,759 · fundraising $111,759

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $23,337 · fundraising $23,337

  • 10 · Payroll taxes

    total $8,891 · fundraising $8,891

  • 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 $21,904 · fundraising $21,904

  • 11g · Fees: other

    total $37,110 · fundraising $37,110

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,790 · management and general $655 · fundraising $4,135

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,101 · management and general $254 · fundraising $6,847

  • 17 · Travel

    total $4,189 · management and general $3,587 · fundraising $602

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,070 · fundraising $3,070

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER EXPENSES

    total $59,415 · management and general $59,268 · fundraising $147

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $248,525 · management and general $248,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $750,753 · end of year $1,908,344

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $420,728 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $2,820

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,750 · end of year $16,750

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,041,852 · end of year $0

  • 12 · Investments: other securities

    beginning of year $2,712,281 · end of year $5,131,368

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 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 $60 · end of year $0

  • 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 $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $6,308,330 · end of year $6,627,739

  • 28 · Net assets with donor restrictions

    beginning of year $633,974 · end of year $431,543

Mission and programs · 2022

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") QUALIFIES 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 SEVICES AS PROMULGATED AND AMENDED FROM TIME TO TIME BY THE UNITED STATES CATHOLIC CONFERENCE OF BISHOPS.

Activities or mission (Part I)

TO SERVE THE PHILANTHROPIC NEEDS OF CHRISTUS HEALTH ARK-LA-TEX BY SOLICITING AND DISTRIBUTING CONTRIBUTIONS IN SUPPORT OF HEALTHCARE SERVICES IN THE REGION.

  • The primary purpose of the Corporation is to promote philanthropy and charitable giving to provide resources to enhance the ability of CHRISTUS Health Ark-La-Tex in its mission of extending the healing ministry of Jesus Christ by providing for the community's health needs. In furtherance of those purposes, the Foundation shall solicit and receive charitable gifts and grants to administer and invest and reinvest the same and to apply the whole or any part of the income and the principal exclusively for the benefit of the health care facilities, services and healthy community programs supported or operated by CHRISTUS Health Ark-La-Tex within its service area,for so long as CHRISTUS Health Ark-La-Tex qualifies as an exempt organization under Section 501 (c )(3) of the Internal Revenue Code or corresponding provisions of any subsequent Code or federal tax law.

    Expenses $558,953 · Grants $558,953

As filed on the 2022 return.

Listed in Part VII

  • Christopher Karam

    PRESIDENT/CEO (TERM 09/18)

    Total calculated
    $1,427,294
    From this org
    $0
    From related orgs
    $1,224,050
    Other
    $203,244
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $841,150 related
    Bonus
    not reported + $382,900 related
    Other
    not reported
    Deferred
    not reported + $193,553 related
    Nontaxable benefits
    not reported + $9,691 related
    Filer's total
    not reported + $1,427,294 related

  • Jason Adams

    PRESIDENT

    Total calculated
    $819,001
    From this org
    $0
    From related orgs
    $674,084
    Other
    $144,917
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    not reported + $445,694 related
    Bonus
    not reported + $228,006 related
    Other
    not reported + $384 related
    Deferred
    not reported + $121,795 related
    Nontaxable benefits
    not reported + $23,122 related
    Filer's total
    not reported + $819,001 related

  • Glen Boles

    TREASURER

    Total calculated
    $575,604
    From this org
    $0
    From related orgs
    $482,411
    Other
    $93,193
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    not reported + $274,601 related
    Bonus
    not reported + $121,841 related
    Other
    not reported + $85,969 related
    Deferred
    not reported + $56,989 related
    Nontaxable benefits
    not reported + $36,204 related
    Filer's total
    not reported + $575,604 related

  • Susan Landreaux

    EXECUTIVE DIRECTOR

    Total calculated
    $124,586
    From this org
    $0
    From related orgs
    $109,825
    Other
    $14,761
    Hours/week
    6

  • Jason Rounds

    PRESIDENT (Term 02/12/21)

    Total calculated
    $67,083
    From this org
    $0
    From related orgs
    $67,083
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported + $67,083 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $67,083 related

  • Sister Jeanne Connell

    Director

    Total calculated
    $0
    Hours/week
    6

  • Anna Marie Hornsby

    Director

    Total calculated
    $0
    Hours/week
    6

  • Gene Joyce Jr

    Vice Chair

    Total calculated
    $0
    Hours/week
    6

  • Greg Giles

    Chair

    Total calculated
    $0
    Hours/week
    6

  • Steve Mayo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Megan Schroeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Dean Barry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Barbara Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Emily Tarr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Jim Bunch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Pam Beck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Susan Robbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Beth Pesek

    Director (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    6

  • James Henry Russell

    DIRECTOR (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    6

  • Judy Morgan

    DIRECTOR (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    6

  • Phillip Mobley

    DIRECTOR (AS OF 7/22)

    Total calculated
    $0
    Hours/week
    6

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)

SUPPLEMENTAL COMPENSATION INFORMATION
FORM 990, PART VII, 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 AND 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.
SUPPLEMENTAL COMPENSATION INFORMATION
FORM 990, SCHEDULE J, PART I, LINE 3 THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS AN EMPLOYEE OF CHRISTUS HEALTH, A RELATED ORGANIZATION. THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL ALSO SERVES CHRISTUS ARK-LA-TEX. ALL 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 TOP MANAGEMENT OFFICIAL COMPENSATION. CHRISTUS HEALTH USES AND EXECUTIVE COMPENSATION COMMITEE TO ESTABLISH AND APPROVE THE COMPENSATION OF THE FILING ORGANIZATION'S TOP MANAGMENT OFFICIAL. THIS COMMITTEEE 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 RENTENTION PLAN, AND PENSION RESTORATION PLAN. ESTIMATED PENSION BENEFITS WERE CALCULATED BASED ON THE PROVISIONS OF THE CURRENT PENSION RESTORATION PLAN AT 6% OF PENSIONABLE EARNING 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 RENTENTION PLAN, AS THE PROTECTED BENEFIT IS ALREADY EQUAL TO OR BETTER THAN CURRENT MARKET.
W2 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.
BONUS AND INCENTIVE COMPENSATION
FORM 990, SCHEDULE J, PART II, COLUMN B (II) BONUS INCENTIVE COMPENSATION MAY INCLUDE AMOUNTS THAT WERE DEFERRED IN A PRIOR YEAR BUT PAID OUT IN CALENDAR YEAR 2022.
DEFERRED COMPENSATION
FORM 990, SCHEDULE J, PART II, COLUMN C DEFERRED COMPENSATION INCLUDES EMPLOYER CONTRIBUTION TO 403(B) MATCHED SAVINGS 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 ARE 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 GRANFATHERED PARTICIPANTS, THE FORM 990 REPORTS AS PENSION BENEFITS THEIR ANNUAL ESTIMATED CASH BALANCE PLAN ACCRUAL.
SEVERENCE PAYMENTS
FORM 990, SCHEDULE J, PART I, QUESTION 4A THE FOLLOWING INDIVIDUAL(S) RECEIVED A SEVERENCE PAYMENT: JASON ROUNDS $66,260

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 corporations and trusts

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

  • ARK-LA-TEX HEALTH NETWORK

    C-CORP · HEALTHCARE SV · TX · controlled entity

    Directly controlled by CH ARK-LA-TEX

  • ARK INTEGRATED COMM HLTH NTWK

    C-CORP · HEALTHCARE SV · TX · controlled entity

    Directly controlled by CH ARK-LA-TEX

  • CHRISTUS TEXARKANA UNIT OWNERS ASSOC

    C-CORP · BUILDING ASSO · TX · controlled entity

    Directly controlled by CH ARK-LA-TEX

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202401289349302025

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