St James Foundation INC EIN 16-1486437 Form 990 (PDF) Claim this org

St James Foundation INC

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Raises funds and provides resources to support St. James Hospital, ensuring the long-term sustainability and growth of regional healthcare services. For fiscal year 2025 it reported $182K in revenue, $142K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Unclassified
Location
Hornell, NY
Website
www.urmc.rochester.edu/st-james/patients-visitors.aspx
Filings
5 on file (2021–2025)
Revenue
$182KFY2025
Expenses
$142K
Net assets
$1.2M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  16-1486437 Public charity (501(c)(3)) Hornell, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises funds and provides resources to support St. James Hospital, ensuring the long-term sustainability and growth of regional healthcare services.
Leadership
Steven Goldstein · Board Member
Money in and out
$182K revenue, $142K expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$182K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
48.1mo
months of highly liquid reserves at operating expense rate▲ +26% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▲ +313% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$182K
FY2025▲ +37%
Expenses
$142K
FY2025▼ -3%
Total assets
$1.7M
FY2025▲ +9%
Total liabilities
$503K
FY2025▲ +12%
Total revenue
$182K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$1.7M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $123K of program spending, described in the organization's own filed words · FY2024.
01

ST. James foundation provides philanthropic support solely to ST. James hospital through gifts from individuals, corporations and public entities. The foundation helps to accomplish the priorities of ST. James hospital through fundraising, volunteerism and stewardship.

$84Kprogram expense
02

The aquinas gift shop is a program service for ST. James foundation. The aquinas gift shop is staffed by employees of ST. James hospital and volunteers.

$39Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt James Foundation INC
EINHdr · item D16-1486437
Principal addressHdr · item CHornell, NY
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99)
Ruling yearIRS BMFSep 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member Until 2/25
$0Pt VII · Sec A
Chair Until 9/2024
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member Effective 10/24
$0Pt VII · Sec A
Board Member Until 2/25, Chair 11/24-2/25
$0Pt VII · Sec A
Board Member Until 9/24
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$74K · 41%
Program service revenue$51K · 28%
Investment income$34K · 19%
Other revenue$23K · 13%
Contributions & grants41%$74K
Program service revenue28%$51K
Investment income19%$34K
Other revenue13%$23K
Total revenueLn 12$182K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$123K
Management & general14%$19K
Total functional expensesLn 25$142K

Balance Sheet

Part X · end of year
CashLn 1$513K
Total assetsLn 16$1.7M
Total liabilitiesLn 26$503K
Total net assetsLn 32$1.2M
Months of cash on handcomputed43.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $513K · Operating expenses (Pt IX) $142K · Less non-cash grants $14K · Cash operating expenses/yr $128K
48.1 months
Where the money goes
Program services
Program services $123K · Total expenses $142K
86%
Management & General
Management & general $19K · Total expenses $142K
14%
Fundraising
Fundraising $0 · Total expenses $142K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $77K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $74K · Total revenue $182K
41%
Government reliance
Government grants — · Total revenue $182K
Earned-income share
Program service revenue $51K · Total revenue $182K
28%
Investment reliance
Investment income $34K · Total revenue $182K
+19%
Program self-sufficiency
Program service revenue $51K · Total expenses $142K
36%
Growth & trend
Revenue growth (YoY)
This year $182K · Prior year $133K
+37%
Revenue CAGR
FY2020 $245K · FY2024 $182K
-7%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $182K · Expenses $142K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7M
Net-asset ratio
Net assets $1.2M · Total assets $1.7M
71%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steven Goldstein · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $142K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $142K
27%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 37%
Investment management fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $1.1M · 2021–2024
St James HospitalNY · FY2024$43,650
St James HospitalNY · FY2023$58,629
St James HospitalNY · FY2022$90,772
St James HospitalNY · FY2021$885,988

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$182K revenue · viewing · ⤓ 990 PDF
FY2024$133K revenue · ⤓ 990 PDF
FY2023$147K revenue · ⤓ 990 PDF
FY2022$118K revenue · ⤓ 990 PDF
FY2021$245K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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