Saint Thomas Health Foundation
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$6,500,000.00
Projected Expenses
$1,446,835.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| st. thomas health services fund irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $9,347,487.00 | $10,168,106.00 | |
| Total Expenses | $4,847,512.00 | $4,803,494.00 | |
| Revenue Less Expenses | ($-0.00) | $4,499,975.00 | $5,364,612.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $407,258.00 | |
| Contributions, Gifts, and Grants | $2,406,793.00 | $1,794,656.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $5,046,216.00 | $6,662,251.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $265,088.00 | $139,322.00 | |
| Revenue In-Kind | $13,856.00 | $23,671.00 | |
| Other | $1,615,534.00 | $1,140,948.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,465,610.00 | $3,322,579.00 | |
| Administration Expense | $556,675.00 | $503,255.00 | |
| Fundraising Expense | $852,227.00 | $977,660.00 | |
| Total Revenue/Total Expenses | 192% | 212% | |
| Program Expense/Total Expenses | 71% | 69% | |
| Fundraising Expense/Contributed Revenue | 17% | 20% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Investment Income $5,046,216.00 | Investment Income $6,662,251.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,406,793.00 | Contributions, Gifts, and Grants $1,794,656.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $1,615,534.00 | Investment Income $6,662,251.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $82,676,015.00 | $94,987,166.00 | |
| Current Assets | $3,369,428.00 | $3,044,591.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $290,724.00 | $671,805.00 | |
| Total Net Assets | $82,385,291.00 | $94,315,361.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$3,497,362.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Beginning in 2015, the audit was completed on a corporate level, so financial figures are taken from the 990, which only covers the Foundation. Corporate and Foundation grants may be included in Contributions, Gifts, and Grants sum as sum is not separated in Form 990. Comment provided by Hayley Sulfridge 2/21/24. |
