Bon Secours - St Francis Health System Foundation Inc
GRANT MAKING FOUNDATION WHICH SUPPORTS ST. FRANCIS HOSPITAL, INC.
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$1.3M
Total Expenses
$4.2M
Net Assets
$0
Employees
0
Volunteers
20
Grants Paid
$3.9M
Program Expense Ratio
93.6%
Fundraising Efficiency
393.2%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours - St Francis Health System Foundation Inc (EIN: 26-0012031), 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, 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 - St Francis Health System Foundation Inc is a 501(c)(3) nonprofit headquartered in Greenville, SC, founded in 2000. In its 2019 filing, the organization reported $1.3M in total revenue, and $4.2M in total expenses. The organization engaged 20 volunteers. , Former CEO, is the highest-compensated individual at $1,865,886. The organization runs 1 program, totaling $3.9M in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours - St Francis Health System Foundation Inc operates 1 program, with total program expenses of $3.9M. Bon Secours - St Francis Health System Foundation Inc's largest program accounts for 100% of total program spending.
In the year ended December 31, 2019, the St. Francis Foundation finished the year with approximately $926,000 raised to support various programs of St. Francis Hospital, Inc. This support allows for the creation of new services, the purchase of new equipment and the provision of charitable health care services.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours - St Francis Health System Foundation Inc derives 69% from contributions and grants, with 37% from investment income.
Revenue is diversified across contributions and grants (69%), investment income (37%).
Bon Secours - St Francis Health System Foundation Inc allocates 94% to programs, 1% to management and general, 6% to fundraising.
Bon Secours - St Francis Health System Foundation Inc distributed $3.9M in grants to other organizations and individuals, representing 92% of total expenses.
Bon Secours - St Francis 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 | $1.3M | $927K | $0 | $0 | $502K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $4.2M | $3.9M | $32K | $236K | $3.9M |
Program Expense Ratio
93.6%
Admin Expense Ratio
0.8%
Fundraising Efficiency
393.2%
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
32 records
Bon Secours - St Francis Health System Foundation Inc reported compensation for 32 officers and key employees. Total officer compensation was $9.4M, representing 223.1% of total expenses. 7 individuals received total compensation exceeding $500,000.
Bon Secours - St Francis Health System Foundation Inc's highest-compensated individual received $1.9M in total compensation. Total officer compensation of $9.4M represents 223.1% of total expenses. 4 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Former CEO | Former | — | $0 | $1,827,744 | $1,865,886 | |
| Board Member | Director | 0.50 | $0 | $1,374,846 | $1,424,857 | |
| Board Member | Director | 0.50 | $0 | $1,084,382 | $1,132,441 | |
| Market President - BSSFHS | OfficerDirector | 1.00 | $0 | $830,900 | $1,014,711 | |
| Board Member | Director | 0.50 | $0 | $733,106 | $774,221 | |
| Former CEO-BSSFHS | Former | — | $0 | $697,317 | $736,725 | |
| Board Member | Director | 0.50 | $0 | $525,735 | $573,894 | |
| CFO - BSSFHS | Officer | 1.00 | $0 | $407,942 | $456,558 | |
| Board Member | Director | 0.50 | $0 | $396,731 | $450,574 | |
| Former CFO - BSSFHS | Former | — | $0 | $408,683 | $445,192 | |
| Executive Director/VP | Officer | 0.50 | $0 | $203,112 | $245,625 | |
| President | OfficerDirector | 1.00 | $0 | $207,143 | $245,163 | |
| 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 | |
| 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 | OfficerDirector | 0.50 | $0 | $0 | $0 | |
| Chairman | OfficerDirector | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Craig MCCoy
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MATTHEW CALDWELL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Alex Garvey PHD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Steven NEWMAN MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Robert Siegel MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Thomas BAUMGARTEN MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Mark Grabarczyk MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Edward HEidtman MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Mark Nantz
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
RONNIE HYATT
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
WILLIAM KUSNIERZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Erik Whaley
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2019)
Bon Secours - St Francis Health System Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 27 members, 20 of whom are independent.
Bon Secours - St Francis 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)
5 records
Bon Secours - St Francis Health System Foundation Inc awarded $3.7M across 2 grants to organizations. Top recipients include St Francis Hospital Inc (Greenville, SC) — $3.7M for mission support; St Francis Physician Services Inc (Greenville, SC) — $8K for mission support. The organization also provided grants to individuals (10 recipients) totaling $35K, including employee assistance program, scholarships, homecare assistance.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| St Francis Hospital Inc582504530 | Greenville, SC | $3.7M | Mission Support |
| St Francis Physician Services Inc134290167 | Greenville, SC | $8K | Mission Support |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| EMPLOYEE ASSISTANCE PROGRAM | 4 | $21K |
| Scholarships | 3 | $14K |
| Homecare Assistance | 3 | $680 |
Fundraising & Events(Tax Year 2019)
Bon Secours - St Francis Health System Foundation Inc held fundraising events including Festival of trees ($79K) and Pearls and pumps ($91K).
Named Events
festival of trees
Gross: $78,842
pearls and pumps
Gross: $90,573
Filing History(Tax Years 2000–2019)
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 | $1.3M | $4.2M | $0 |
| 2000–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours - St Francis Health System Foundation Inc do?
GRANT MAKING FOUNDATION WHICH SUPPORTS ST. FRANCIS HOSPITAL, INC.
How much revenue does Bon Secours - St Francis Health System Foundation Inc have?
Bon Secours - St Francis Health System Foundation Inc reported $1,348,527 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours - St Francis Health System Foundation Inc?
, Former CEO, received $1,865,886 in total compensation as of tax year 2019.
Is Bon Secours - St Francis Health System Foundation Inc a 501(c)(3)?
Yes, Bon Secours - St Francis Health System Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours - St Francis Health System Foundation Inc located?
Bon Secours - St Francis Health System Foundation Inc is headquartered in Greenville, SC 29601.
Is Bon Secours - St Francis Health System Foundation Inc audited?
Yes, Bon Secours - St Francis Health System Foundation Inc's financial statements are audited, and the organization has an audit committee.
How much does Bon Secours - St Francis Health System Foundation Inc spend on fundraising?
Bon Secours - St Francis Health System Foundation Inc reported $235,709 in fundraising expenses for tax year 2019, which represents 5.6% of total expenses.
Does Bon Secours - St Francis Health System Foundation Inc give grants?
Yes, Bon Secours - St Francis Health System Foundation Inc distributed $3,864,558 in grants to other organizations and individuals in tax year 2019. Top recipients include St Francis Hospital Inc, St Francis Physician Services Inc.
Does Bon Secours - St Francis Health System Foundation Inc hold fundraising events?
Bon Secours - St Francis Health System Foundation Inc 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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