Bon Secours Baltimore Health System Foundation Inc
GRANT MAKING FOUNDATION SUPPORTING BON SECOURS BALTIMORE HEALTH SYSTEM & RELATED ORGS
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$522K
Total Expenses
$526K
Net Assets
$0
Employees
94
Volunteers
5
Grants Paid
$122K
Program Expense Ratio
38.5%
Fundraising Efficiency
140.8%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours Baltimore Health System Foundation Inc (EIN: 38-3843816), based on the 2019 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Bon Secours Baltimore Health System Foundation Inc is a 501(c)(3) nonprofit headquartered in Baltimore, MD, founded in 2011. In its 2019 filing, the organization reported $522K in total revenue, and $526K in total expenses. The organization employed 94 people and engaged 5 volunteers. , CEO-BSBHS, is the highest-compensated individual at $1,042,780. The organization runs 1 program, totaling $203K in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours Baltimore Health System Foundation Inc operates 1 program, with total program expenses of $203K. Bon Secours Baltimore Health System Foundation Inc's largest program accounts for 100% of total program spending.
Bon Secours Baltimore Health System Foundation generated and distributed funds to vital health and human service programs of Bon Secours Baltimore Health System through their related nonprofit Bon Secours Community Works. These programs included affordable housing, job training, family counseling and support, health and wellness education, financial services, and eviction prevention to those in need, especially to the sick and dying in West Baltimore.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours Baltimore Health System Foundation Inc derives 76% from contributions and grants, with 24% from investment income.
Revenue is primarily driven by contributions and grants (76%), with investment income at 24%.
Bon Secours Baltimore Health System Foundation Inc allocates 39% to programs, 8% to management and general, 54% to fundraising.
Bon Secours Baltimore Health System Foundation Inc distributed $122K in grants to other organizations and individuals, representing 23% of total expenses.
Bon Secours Baltimore Health System Foundation Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2019 | $522K | $399K | $0 | $0 | $124K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $526K | $203K | $40K | $283K | $122K |
Program Expense Ratio
38.5%
Admin Expense Ratio
7.7%
Fundraising Efficiency
140.8%
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
10 records
Bon Secours Baltimore Health System Foundation Inc reported compensation for 10 officers and key employees. Total officer compensation was $2.8M, representing 523.9% of total expenses. 2 individuals received total compensation exceeding $500,000.
Bon Secours Baltimore Health System Foundation Inc's highest-compensated individual received $1.0M in total compensation. Total officer compensation of $2.8M represents 523.9% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| CEO-BSBHS | OfficerDirector | 1.00 | $0 | $1,004,665 | $1,042,780 | |
| Former CFO-BSBHS, Atlantic Group CFO | Former | — | $0 | $762,900 | $856,017 | |
| CFO-BSBHS | Officer | 0.50 | $0 | $329,153 | $390,145 | |
| Board Member | Director | 0.50 | $0 | $250,344 | $261,963 | |
| Secretary, Vice President | OfficerDirector | 50.00 | $187,820 | $0 | $206,924 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| President | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Treasurer | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Chairman | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Samuel Ross MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Julie MERcer
Base Salary
$176,699
Bonus
$9,024
Other Reportable
$2,097
Retirement/Deferred
$6,886
Nontaxable Benefits
$12,218
Usha Jain MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Laura BUczkowski
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Michael Brozic
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Top Contractors(Tax Year 2019)
1 record
Bon Secours Baltimore Health System Foundation Inc reported 1 contractor receiving over $100,000, with total contractor payments of $120K.
| Name | Service | Compensation |
|---|---|---|
| Nancy Landrum dba Signature Marketing | Marketing | $119,629 |
Governance & Compliance(Tax Year 2019)
Bon Secours Baltimore Health System Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 8 members, 5 of whom are independent.
Bon Secours Baltimore Health System Foundation Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2019)
3 records
Bon Secours Baltimore Health System Foundation Inc awarded $117K across 3 grants to organizations. Top recipients include Bon Secours of Maryland Foundation (Baltimore, MD) — $99K for mission support; United Way of Central MD (Baltimore, MD) — $10K for mission support; Bon Secours Hospital of Baltimore (Baltimore, MD) — $8K for mission support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Bon Secours of Maryland Foundation521732800 | Baltimore, MD | $99K | Mission Support |
| United Way of Central MD520591543 | Baltimore, MD | $10K | Mission Support |
| Bon Secours Hospital of Baltimore520591555 | Baltimore, MD | $8K | Mission Support |
Filing History(Tax Years 2011–2019)
1 record
Showing the 1 Form 990 filing currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2019 | 990 | 2019-09-01 – 2019-12-31 | $522K | $526K | $0 |
| 2011–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours Baltimore Health System Foundation Inc do?
GRANT MAKING FOUNDATION SUPPORTING BON SECOURS BALTIMORE HEALTH SYSTEM & RELATED ORGS
How much revenue does Bon Secours Baltimore Health System Foundation Inc have?
Bon Secours Baltimore Health System Foundation Inc reported $522,407 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours Baltimore Health System Foundation Inc?
, CEO-BSBHS, received $1,042,780 in total compensation as of tax year 2019.
Is Bon Secours Baltimore Health System Foundation Inc a 501(c)(3)?
Yes, Bon Secours Baltimore Health System Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours Baltimore Health System Foundation Inc located?
Bon Secours Baltimore Health System Foundation Inc is headquartered in Baltimore, MD 212231558.
How many employees does Bon Secours Baltimore Health System Foundation Inc have?
Bon Secours Baltimore Health System Foundation Inc has 94 employees and 5 volunteers as of tax year 2019.
Is Bon Secours Baltimore Health System Foundation Inc audited?
Yes, Bon Secours Baltimore Health System Foundation Inc's financial statements are audited, and the organization has an audit committee.
How much does Bon Secours Baltimore Health System Foundation Inc spend on fundraising?
Bon Secours Baltimore Health System Foundation Inc reported $283,251 in fundraising expenses for tax year 2019, which represents 53.8% of total expenses.
Does Bon Secours Baltimore Health System Foundation Inc give grants?
Yes, Bon Secours Baltimore Health System Foundation Inc distributed $121,808 in grants to other organizations and individuals in tax year 2019. Top recipients include Bon Secours of Maryland Foundation, United Way of Central MD, Bon Secours Hospital of Baltimore.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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