Civic Intelligence

St. Charles Foundation Inc.

990 • Fiscal year 2018 • EIN 94-3076293

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

2500 NE Neff RdBend, OR 97701

(541) 706-2929

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$935,411

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 35.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

44th percentile

0.6%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$14,064,811

Up $82,295 (+0.6%) from 2017

Net Assets

Up

$14,015,150

Up $89,056 (+0.6%) from 2017

Liabilities

Down

$49,661

Down $6,761 (-12%) from 2017

Revenue

Down

$2,673,021

Down $1,109,561 (-29%) from 2017

Expenses

Up

$1,738,648

Up $12,978 (+0.8%) from 2017

Net Income

Down

$934,373

Down $1,122,539 (-55%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $8,460,007Liabilities 2010: $265,369Net Assets 2010: $8,194,6382010Assets 2011: $8,495,948Liabilities 2011: $246,568Net Assets 2011: $8,249,3802011Assets 2012: $8,919,619Liabilities 2012: $74,247Net Assets 2012: $8,845,3722012Assets 2013: $12,271,497Liabilities 2013: $71,352Net Assets 2013: $12,200,1452013Assets 2014: $10,945,771Liabilities 2014: $68,508Net Assets 2014: $10,877,2632014Assets 2015: $10,870,302Liabilities 2015: $65,506Net Assets 2015: $10,804,7962015Assets 2016: $11,063,909Liabilities 2016: $92,508Net Assets 2016: $10,971,4012016Assets 2017: $13,982,516Liabilities 2017: $56,422Net Assets 2017: $13,926,0942017Assets 2018: $14,064,811Liabilities 2018: $49,661Net Assets 2018: $14,015,1502018Assets 2019: $17,191,900Liabilities 2019: $46,275Net Assets 2019: $17,145,6252019Assets 2020: $14,241,008Liabilities 2020: $44,621Net Assets 2020: $14,196,3872020Assets 2021: $15,289,121Liabilities 2021: $376,228Net Assets 2021: $14,912,8932021Assets 2022: $13,088,156Liabilities 2022: $318,906Net Assets 2022: $12,769,2502022Assets 2023: $14,690,293Liabilities 2023: $179,615Net Assets 2023: $14,510,6782023Assets 2024: $16,343,029Liabilities 2024: $144,380Net Assets 2024: $16,198,6492024

Highlighted filing

2018

Assets$14,064,811
Liabilities$49,661
Net Assets$14,015,150

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,355,4662010Expenses 2011: $1,445,9972011Expenses 2012: $2,319,6172012Revenue 2013: $4,550,315Expenses 2013: $1,613,991Net Income 2013: $2,936,3242013Revenue 2014: $3,931,080Expenses 2014: $5,362,952Net Income 2014: -$1,431,8722014Revenue 2015: $2,015,313Expenses 2015: $1,834,998Net Income 2015: $180,3152015Revenue 2016: $1,904,586Expenses 2016: $1,922,818Net Income 2016: -$18,2322016Revenue 2017: $3,782,582Expenses 2017: $1,725,670Net Income 2017: $2,056,9122017Revenue 2018: $2,673,021Expenses 2018: $1,738,648Net Income 2018: $934,3732018Revenue 2019: $3,877,340Expenses 2019: $2,097,088Net Income 2019: $1,780,2522019Revenue 2020: $3,683,581Expenses 2020: $5,613,964Net Income 2020: -$1,930,3832020Revenue 2021: $1,662,472Expenses 2021: $1,925,396Net Income 2021: -$262,9242021Revenue 2022: $1,481,944Expenses 2022: $1,487,268Net Income 2022: -$5,3242022Revenue 2023: $2,605,002Expenses 2023: $1,581,907Net Income 2023: $1,023,0952023Revenue 2024: $2,767,119Expenses 2024: $1,685,845Net Income 2024: $1,081,2742024

Highlighted filing

2018

Revenue$2,673,021
Expenses$1,738,648
Net Income$934,373
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$3,166,414
Mission and Program Overview

Mission

To solicit, receive, and maintain gifts of money and property in order to provide financial support for St. Charles Health System, Inc. (SCHS). This support assists the SCHS mission, which is in a spirit of love and compassion, better health, better care, better value.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,576,378$8,138,066▼ $438,312
Cash and Non-Interest-Bearing Accounts$3,013,751$3,141,634▲ $127,883
Pledges and Grants Receivable$626,871$1,021,306▲ $394,435
Accounts Receivable$515,440$596,808▲ $81,368
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$13,982,516$14,064,811▲ $82,295
Other Assets Total$1,250,076$1,166,997▼ $83,079
Liabilities
Other Liabilities$52,847$49,661▼ $3,186
Accounts Payable and Accrued Expenses$3,575--
Total Liabilities$56,422$49,661▼ $6,761
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,257,607$6,883,879▲ $626,272
Permanently Rstr Net Assets$3,941,484$3,849,671▼ $91,813
Unrestricted Net Assets$3,727,003$3,281,600▼ $445,403
Total Net Assets Fund Balance$13,926,094$14,015,150▲ $89,056
Total Liabilities and Net Assets / Fund Balance$13,982,516$14,064,811▲ $82,295

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$392,474--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,902,009$2,440▼ $127,411-$4,702,154
2017$4,527,217$2,577▲ $573,516-$4,902,009
2016$4,475,381$2,517▲ $236,984-$4,527,217
2015$4,564,921$51,375▼ $29,698-$4,475,381
2014$3,495,960$1,027,077▲ $138,332-$4,564,921
Compensation and Service Providers

Board Members and Trustees

NameTitle
Newport ConnieChair
Barker WayneDirector
Burpee RobertDirector
Chackel GeoffDirector
Chang Linyee MDDirector
Lerner EvieDirector
Lussier JimDirector
Martinez CorinneDirector
Sluka JosephDirector
Dobey LisaExec Director
Newby Norwyn MDSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,935,796
Program Service Revenue
$0
Investment Income
$551,944
Other Revenue
$185,281
All Other Contributions
$1,575,177
Change in Net Assets
$934,373

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table203$135,780Cost or Stated
Securities Publicly Traded2$20,172Cost or Stated
Other Non Cash Contri Table26$10,232Cost or Stated
Drugs and Medical Supplies15$4,412Cost or Stated
Total Noncash Contributions246$170,596-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,647,971
Other Expenses$90,677
Total Fundraising Expense$35,456
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,640,471--$1,640,471
Office Expenses-$189$27,135$27,324
Fees for Service Investment Mgmnt Fees-$24,823-$24,823
Insurance-$11,750-$11,750
Fees for Services Other-$6,565$1,324$7,889
Grants to Domestic Individuals$7,500--$7,500
Other Expenses$11,626-$4,855$4,855
Information Technology--$2,142$2,142
Conferences and Meetings-$268-$268
Total Functional Expenses$1,659,597$43,595$35,456$1,738,648
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Charles Health System IncBend, OR501(c)(3)Hospital Support$1,625,029
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$468,451
Fundraising Direct Expenses$299,308
Gaming Gross Income$22,120
Gaming Direct Expenses$5,982
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Saints Benefit Dinner$332,742$171,348$12,650$158,698
Hospice Christmas Auction$193,838$73,247$14,666$58,581
Total Events$780,479$468,451$299,308$169,143
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payments Liability$49,661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The St. Charles Foundation's sole corporate member is St. Charles Health System, Inc. (SCHS).

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The CEO of the sole member is a voting director. The successors to those directors whose terms have expired are selected by the Board.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The SCHS Board of Directors has the right of approval regarding any decision made by the St. Charles Foundation Board of Directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 was prepared by SCHS with assistance from the St. Charles Foundation. The Form 990 was reviewed by the SCHS Director of Accounting as well as an independent tax consultant, both CPAs. It was also reviewed by the Executive Committee of the St. Charles Foundation and presented to the full Board of Directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board is responsible for monitoring Board and Committee deliberations and conflicts of interest. The Foundation adheres to the Conflict of Interest policy established by SCHS. A Conflict of Interest disclosure is to be completed annually by Board members and staff.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director of the St. Charles Foundation is an employee of St. Charles Health System, Inc. (SCHS). SCHS purchases independent third-party surveys from major national survey companies. The most recent study for the Executive Director was performed in 2019. Each survey includes data for at least five other reporting organizations. St. Charles Foundation does not compensate any officers or key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Copies of governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
St Charles Foundation Inc
EIN
94-3076293
Phone
5417062929
Address
2500 NE Neff Rd, BEND, OR 97701

Signing Officer

Name
Jennifer Welander
Title
Tax Officer
Signed
2019-11-06

Organization Details

Principal Officer
Dobey Lisa
Formed
1987
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
212
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in Value CRUTs = -$15774

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in Value Life Ins = $29052

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in Value of Trust = -$59286

Part IV, VI, & VII

A questionnaire was sent to all persons listed in Part VII for purposes of Part IV, Lines 25, 26, 27 and 28; Part VI, Line 2; Part VII, Column (E) and (F) for related organizations; for Schedule L and for Schedule J.

Part IX

SCHS provides certain personnel, office space, and supplies for use by the St. Charles Foundation. In 2018 the total amount paid by SCHS to benefit the Foundation was $874,409. Included in this total was $547,962 for personnel salaries and benefits and $326,447 in supplies, education, meetings and special events. The St. Charles Foundation does not report these expenses on its Form 990, as they are reported as expenses by SCHS.

SCHEDULE D PART V, Line 1G - END OF YEAR BALANCES

The end of the year balance of the Endowment Funds does not agree with the permanently restricted net assets as shown on the balance sheet on Form 990 Part X due to Schedule D's inclusion of the investment earnings and distributions. All earnings on endowment funds are temporarily restricted until they are spent. The permanently restricted net assets reported on the balance sheet includes the endowment corpus, while the accumulated, unspent earnings on these funds are reported in the temporarily restricted net assets on the balance sheet.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Permanently restricted endowment fund earnings are primarily to be used for continuing education scholarships for caregivers and the professional medical community, support of SCHS's Community Benefit program, and in the area of greatest need. The Floyd Dement Hospital Trust Fund Testamentary Trust is administered by the Union Bank of California under a trust agreement which provides that the annual income be distributed to the Foundation for charity care to be provided by St. Charles Medical Center-Bend.St. Charles Foundation Board Designated endowments consist of two individual funds established for community benefit and indigent care.

Part X : FIN48 Footnote

The audited financial statements contain the following footnote: Accounting principles generally accepted in the United States of America require SCHS' management to evaluate tax positions taken by the Corporation and recognize a tax liability (or asset) if the Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the Corporation and has concluded that as of December 31, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Corporation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Corporation's management believes it is no longer subject to income tax examinations for years prior to 2015.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.14$16.2$2.77$1.69$1.08
2023Detailed filing. Detailed filing data is available for this year.$14.7$0.18$14.5$2.61$1.58$1.02
2022Detailed filing. Detailed filing data is available for this year.$13.1$0.32$12.8$1.48$1.49$0.01
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.38$14.9$1.66$1.93$0.26
2020Detailed filing. Detailed filing data is available for this year.$14.2$0.04$14.2$3.68$5.61$1.93
2019Detailed filing. Detailed filing data is available for this year.$17.2$0.05$17.1$3.88$2.10$1.78
2018Detailed filing. Detailed filing data is available for this year.$14.1$0.05$14.0$2.67$1.74$0.93
2017Detailed filing. Detailed filing data is available for this year.$14.0$0.06$13.9$3.78$1.73$2.06
2016Detailed filing. Detailed filing data is available for this year.$11.1$0.09$11.0$1.90$1.92$0.02
2015Detailed filing. Detailed filing data is available for this year.$10.9$0.07$10.8$2.02$1.83$0.18
2014Detailed filing. Detailed filing data is available for this year.$10.9$0.07$10.9$3.93$5.36$1.43
2013Detailed filing. Detailed filing data is available for this year.$12.3$0.07$12.2$4.55$1.61$2.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.92$0.07$8.85$2.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.50$0.25$8.25$1.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$0.27$8.19$1.36