Ascension Borgess Foundation

Tax-deductible

South Bend, IN501(c)(3)Since 1972EIN 23-7222558

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Rooted in the loving ministry of jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our catholic health ministry is dedicated to spiritually-centered, holistic care which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $79K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 16 voting members
Looks good: 11 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+26% vs prior year
Spent
$6.1M
To programs
86%
Net assets
$27.9M
By yearFY2020–FY2024
Revenue
$4.3M
FY2024▲ +26%
Revenue by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$5.3M
FY2023$2.9M
FY2024$3.5M
FY2024$4.3M
Expenses
$6.1M
FY2024▲ +91%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$5.6M
FY2023$3.6M
FY2024$3.2M
FY2024$6.1M
Net assets
$27.9M
FY2024▼ -6%
Net assets by fiscal year
FY2020$28.1M
FY2021$35.3M
FY2022$29.4M
FY2023$28.1M
FY2024$29.8M
FY2024$27.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $5.2M Management & general 3% · $152K Fundraising 12% · $718K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
President, Ascension Borgess
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Development Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Ascension Michigan Foundation, Market Leader
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (start 8/2024)
$0Pt VII · Sec A
See Ascension Borgess Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises and invests charitable funds to support Ascension Borgess Hospital in providing accessible, compassionate healthcare services to its local communities.

Provided by the organization

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1 program · $5.2M · in their own filed words · FY2024
01

The filing organization is a part of the ascension catholic health ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most.

$5.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Grants paid · 14 grants · $15.4M · 2019–2024
Ascension Borgess HospitalMO · FY2024$5,115,957
Borgess Health Alliance INCMO · FY2024$13,959
Ascension Borgess HospitalMO · FY2023$2,009,720
Borgess Health Alliance INCMO · FY2023$17,176
Ascension Borgess HospitalMO · FY2022$2,222,834
Ascension Medical Group PromedMO · FY2022$140,500
Ascension Health Senior CareMO · FY2022$60,795
Borgess Health Alliance INCMO · FY2022$35,923
Ascension Borgess HospitalMO · FY2021$4,565,914
Borgess Health Alliance INCMO · FY2021$12,222
Ascension Borgess HospitalMO · FY2020$338,001
Borgess Health Alliance INCMO · FY2020$73,778
Ascension Borgess HospitalMO · FY2019$789,505

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Investment incomeLn 3$2.9M
Gifts and grantsLn 1h$1.5M
Money outPt IX
$6.1M
Ln 25
Programscol B$5.2M
Managementcol C$152K
Fundraisingcol D$718K
Owns and owesPt X
$27.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$28.0M
LiabilitiesLn 26$70K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$76K
Investment incomeLn 3$2.9M
Gains on assetsLn 7$2.1M
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$500
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$24.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$172K
Total assetsLn 16$28.0M
LiabilitiesLn 26$70K
Net assetsLn 32$27.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.8M$3.4M
InvestmentsLn 11–13$26.8M$24.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$29.9M$28.0M
LiabilitiesLn 26$148K$70K
Net assetsLn 32$29.8M$27.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.1M$5.1M
Investment management feesLn 11f$109K$109K
Other fees for servicesLn 11g$13K$0$0$13K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$44K$1K$5K$38K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$925$925
Other expenses (24a–d)Ln 24$768K$76K$38K$654K
All other expensesLn 24e$3K$202$101$2K
Total functional expensesLn 25$6.1M$5.2M$152K$718K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.5M$3.2M$272K$29.8M 990 PDF
FY2023 $2.9M$3.6M−$706K$28.1M 990 PDF
FY2022 $5.3M$5.6M−$367K$29.4M 990 PDF
FY2021 $1.5M$1.0M$454K$35.3M 990 PDF
FY2020 $1.3M$1.3M−$49K$28.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,336,211 across 9 lines filed
Lines not itemized here account for $2,118 of total revenue; see the IRS return.
VIII-1c Fundraising events$75,667
VIII-1d Related organizations$811,188
VIII-1f All other contributions, gifts and grants$568,345
VIII-1g Noncash contributions (included above)$3,335
VIII-1h Total contributions, gifts and grants$1,455,200
VIII-3 Investment incomeExcluded from tax $836,726$836,726
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,050,871$2,050,871
VIII-8 Net income from fundraising eventsExcluded from tax −$8,704−$8,704
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,881,011$4,336,211
Part IX · Statement of functional expenses $6,078,948 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $5,130,970$5,130,970
IX-11f Investment management feesManagement $108,685$108,685
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $13,400$13,400
IX-12 Advertising and promotionFundraising $7,896$7,896
IX-13 Office expensesPrograms $1,079 · Management $5,364 · Fundraising $37,776$44,219
IX-17 TravelFundraising $1,628$1,628
IX-19 Conferences, conventions and meetingsFundraising $925$925
IX-24 Other expenses (24a–d)Programs $76,490 · Management $38,245 · Fundraising $653,713$768,448
IX-24e All other expensesPrograms $202 · Management $101 · Fundraising $2,474$2,777
IX-25 Total functional expensesPrograms $5,208,741 · Management $152,395 · Fundraising $717,812$6,078,948
Part X · Balance sheet $27,973,816 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $500$500
X-2 Savings and temporary cash investmentsStart of year $2,842,813$3,423,812
X-3 Pledges and grants receivableStart of year $20,478$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $500$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $26,838,740$21,272,771
X-12 Other securitiesStart of year $0$3,104,500
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $216,107$172,233
X-16 Total assetsStart of year $29,919,138$27,973,816
X-17 Accounts payable and accrued expensesStart of year $84,760$59,670
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $62,800$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$10,293
X-26 Total liabilitiesStart of year $147,560$69,963
X-27 Net assets without donor restrictionsStart of year $20,012,859$18,076,479
X-28 Net assets with donor restrictionsStart of year $9,758,719$9,827,374
X-32 Total net assets or fund balancesStart of year $29,771,578$27,903,853
X-33 Total liabilities and net assetsStart of year $29,919,138$27,973,816
Part XI · Reconciliation of net assets $27,903,853 net assets at year end
XI-1 Total revenue$4,336,211
XI-2 Total expenses$6,078,948
XI-3 Revenue less expenses−$1,742,737
XI-4 Net assets at start of year$29,771,578
XI-5 Net unrealized gains (losses) on investments−$124,488
XI-9 Other changes in net assets−$500
XI-10 Net assets at end of year$27,903,853

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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