Bon Secours Richmond Healthcare Foundation
FUNDRAISING & GRANT MAKING IN SUPPORT OF THE NOT-FOR-PROFIT MISSION OF BON SECOURS RICHMOND HEALTH SYSTEM.
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$4.5M
Total Expenses
$2.2M
Net Assets
$0
Employees
20
Volunteers
29
Grants Paid
$1.4M
Program Expense Ratio
77.0%
Fundraising Efficiency
1022.9%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours Richmond Healthcare Foundation (EIN: 54-1201346), 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 Richmond Healthcare Foundation is a 501(c)(3) nonprofit headquartered in Richmond, VA, founded in 1982. In its 2019 filing, the organization reported $4.5M in total revenue, and $2.2M in total expenses. The organization employed 20 people and engaged 29 volunteers. , Interim CEO - Richmond, is the highest-compensated individual at $1,036,347. The organization runs 1 program, totaling $1.7M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours Richmond Healthcare Foundation operates 1 program, with total program expenses of $1.7M. Bon Secours Richmond Healthcare Foundation's largest program accounts for 100% of total program spending.
The Bon Secours Richmond Healthcare Foundation serves the greater Richmond, Virginia community through the support provided to the Bon Secours Mercy Health System and its not-for profit entities. The Bon Secours Richmond Healthcare Foundation contributes to the fulfillment of the mission of Bon Secours Mercy Health which is to bring compassion to healthcare and to be good help to those in need, especially those who are poor and dying. As a system of caregivers, we commit ourselves to help bring people and communities to health and wholeness as part of the healing ministry of Jesus Christ and the Catholic Church. The Mission of the Sisters of Bon Secours "Good Help to Those in Need" supports the not-for-profit entities of Bon Secours Richmond Health Corporation.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours Richmond Healthcare Foundation derives 99% from contributions and grants, with 3% from investment income.
Revenue is heavily concentrated: 99% comes from contributions and grants, indicating limited diversification.
Bon Secours Richmond Healthcare Foundation allocates 77% to programs, 3% to management and general, 20% to fundraising.
Bon Secours Richmond Healthcare Foundation distributed $1.4M in grants to other organizations and individuals, representing 64% of total expenses.
Bon Secours Richmond Healthcare Foundation 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 | $4.5M | $4.5M | $0 | $0 | $156K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $2.2M | $1.7M | $70K | $436K | $1.4M |
Program Expense Ratio
77.0%
Admin Expense Ratio
3.2%
Fundraising Efficiency
1022.9%
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
40 records
Bon Secours Richmond Healthcare Foundation reported compensation for 40 officers and key employees. Total officer compensation was $3.6M, representing 161.6% of total expenses. 3 individuals received total compensation exceeding $500,000.
Bon Secours Richmond Healthcare Foundation's highest-compensated individual received $1.0M in total compensation. Total officer compensation of $3.6M represents 161.6% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Interim CEO - Richmond | OfficerDirector | 0.50 | $0 | $710,569 | $1,036,347 | |
| Former CEO-BSV | Former | — | $0 | $593,293 | $610,093 | |
| Treasurer, CFO - Richmond Market | Officer | 0.50 | $0 | $457,872 | $513,972 | |
| President/CEO - Richmond | OfficerDirector | 0.50 | $0 | $246,696 | $281,175 | |
| President, Richmond Foundation | Officer | 49.50 | $150,819 | $0 | $181,476 | |
| Sr. Development Officer | Highest Comp | 50.00 | $136,503 | $0 | $171,743 | |
| Board Member | Director | 0.50 | $0 | $135,768 | $169,470 | |
| Sr. Development Officer | Highest Comp | 50.00 | $128,668 | $0 | $162,618 | |
| Sr. Development Officer | Highest Comp | 50.00 | $144,225 | $0 | $160,969 | |
| Sr. Development Officer | Highest Comp | 50.00 | $126,169 | $0 | $142,146 | |
| Administrative Director | Highest Comp | 50.00 | $120,557 | $0 | $131,974 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Chairman | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Secretary | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| President | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Toni Ardabell
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Faraaz Yousuf
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brian White
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ANDREW BURRICHTER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Stephan Quiriconi
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
ANN CARPIN
Base Salary
$147,136
Bonus
$3,445
Other Reportable
$238
Retirement/Deferred
$3,788
Nontaxable Benefits
$26,869
VIRGINIA BOYKIN
Base Salary
$136,232
Bonus
$100
Other Reportable
$171
Retirement/Deferred
$6,751
Nontaxable Benefits
$28,489
Jennifer Goins
Base Salary
$142,677
Bonus
$100
Other Reportable
$1,448
Retirement/Deferred
$7,225
Nontaxable Benefits
$9,519
Keith MCMullin
Base Salary
$128,331
Bonus
$100
Other Reportable
$237
Retirement/Deferred
$6,789
Nontaxable Benefits
$27,161
Top Contractors(Tax Year 2019)
2 records
Bon Secours Richmond Healthcare Foundation reported 2 contractors receiving over $100,000, with total contractor payments of $260K.
| Name | Service | Compensation |
|---|---|---|
| CARTER FINANCIAL CORPORATION | FUNDRAISING CONSULTING | $137,500 |
| HISTORIC HOTELS LLC | HOSPITALITY | $122,464 |
Governance & Compliance(Tax Year 2019)
Bon Secours Richmond Healthcare Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 31 members, 29 of whom are independent.
Bon Secours Richmond Healthcare Foundation's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2019)
4 records
Bon Secours Richmond Healthcare Foundation awarded $1.0M across 4 grants to organizations. Top recipients include St Mary's Hospital of Richmond (Richmond, VA) — $643K for mission support; Memorial Regional Medical Center (Mechanicsville, VA) — $216K for mission support; Richmond Community Hospital (Richmond, VA) — $110K for mission support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| St Mary's Hospital of Richmond540793767 | Richmond, VA | $643K | Mission Support |
| Memorial Regional Medical Center541744931 | Mechanicsville, VA | $216K | Mission Support |
| Richmond Community Hospital540647482 | Richmond, VA | $110K | Mission Support |
| St Francis Medical Center311716973 | Midlothian, VA | $49K | Mission Support |
Fundraising & Events(Tax Year 2019)
Bon Secours Richmond Healthcare Foundation held fundraising events including Wine, women & shoes ($265K).
Named Events
wine, women & shoes
Gross: $264,920
Filing History(Tax Years 1982–2019)
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 | $4.5M | $2.2M | $0 |
| 1982–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours Richmond Healthcare Foundation do?
FUNDRAISING & GRANT MAKING IN SUPPORT OF THE NOT-FOR-PROFIT MISSION OF BON SECOURS RICHMOND HEALTH SYSTEM.
How much revenue does Bon Secours Richmond Healthcare Foundation have?
Bon Secours Richmond Healthcare Foundation reported $4,502,238 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours Richmond Healthcare Foundation?
, Interim CEO - Richmond, received $1,036,347 in total compensation as of tax year 2019.
Is Bon Secours Richmond Healthcare Foundation a 501(c)(3)?
Yes, Bon Secours Richmond Healthcare Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours Richmond Healthcare Foundation located?
Bon Secours Richmond Healthcare Foundation is headquartered in Richmond, VA 23227.
How many employees does Bon Secours Richmond Healthcare Foundation have?
Bon Secours Richmond Healthcare Foundation has 20 employees and 29 volunteers as of tax year 2019.
Is Bon Secours Richmond Healthcare Foundation audited?
Yes, Bon Secours Richmond Healthcare Foundation's financial statements are audited, and the organization has an audit committee.
How much does Bon Secours Richmond Healthcare Foundation spend on fundraising?
Bon Secours Richmond Healthcare Foundation reported $436,170 in fundraising expenses for tax year 2019, which represents 19.8% of total expenses.
Does Bon Secours Richmond Healthcare Foundation give grants?
Yes, Bon Secours Richmond Healthcare Foundation distributed $1,410,124 in grants to other organizations and individuals in tax year 2019. Top recipients include St Mary's Hospital of Richmond, Memorial Regional Medical Center, Richmond Community Hospital.
Does Bon Secours Richmond Healthcare Foundation hold fundraising events?
Bon Secours Richmond Healthcare Foundation reports fundraising event activities.
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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