St David's Foundation EIN 74-1356589 Form 990 (PDF) Claim this org

St David's Foundation FY2023 filing

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Provides healthcare services, operates hospitals, and funds community programs to improve health equity and access for underserved residents in Central Texas. For fiscal year 2023 it reported $187.7M in revenue, $97.1M in expenses, and $1.7B in net assets.Pt I

Founded
1924
Type
Hospital · Hospitals
Location
Austin, TX
Website
www.stdavidsfoundation.org
Filings
5 on file (2020–2023)
Revenue
$187.7MFY2023
Expenses
$97.1M
Net assets
$1.7B
People
29
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-1356589 Hospital Austin, TX Founded 1924
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Provides healthcare services, operates hospitals, and funds community programs to improve health equity and access for underserved residents in Central Texas.
Leadership
Edward B Burger · President & CEO · $598K
Money in and out
$187.7M revenue, $97.1M expenses
Bottom line
+48% operating surplus
Financial scale & money flow · FY2023
Total revenue
$187.7M
Pt VIII · Ln 12
Total expenses
$97.1M
Pt IX · Ln 25
Net assets
$1.7B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90.6M
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Operating surplus
+48%
revenue over expenses, this legal entity
Payroll share
14%
of this entity's spending is salaries & benefits
Program spending
91%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$187.7M
FY2023▲ +6%
Expenses
$97.1M
FY2023▲ +7%
Total assets
$1.7B
FY2023▲ +10%
Total liabilities
$43.5M
FY2023▼ -13%
Total revenue
$187.7M
Pt VIII · Ln 12
Total expenses
$97.1M
Pt IX · Ln 25
Net assets
$1.7B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90.6M
Total assetsPt X · Ln 16$1.7B
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSt David's Foundation
EINHdr · item D74-1356589
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.stdavidsfoundation.org
Year of formationHdr · item L1924
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E210)
Ruling yearIRS BMFJan 1964

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$598,281Pt VII · Sec A
EVP & General Counsel
$454,357Pt VII · Sec A
Vice President of Finance
$365,528Pt VII · Sec A
VP of Community Investments
$307,496Pt VII · Sec A
Director of Dental Programs
$270,043Pt VII · Sec A
VP of Community Programs
$265,067Pt VII · Sec A
Vice President of Investments
$249,353Pt VII · Sec A
Director of Human Resources
$235,108Pt VII · Sec A

Edward B Burger’s $598K as President & CEO is at the 27th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Edward B Burger$598,281$595,526$578,066
Edward B Burger$457,823
Fernando X Pena$454,357$430,406$374,158
Amy Vaughan$365,528$343,947$210,986
Fernando X Pena$361,705
Regan Gruber Moffitt$307,496$291,062$69,708
William Buster to 11120$280,252
Shailee Gupta$270,043$252,530$207,637

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $88.2M of program spending, described in the organization's own filed words · FY2023.
01

The foundation is actively involved in meeting the needs of indigent members of the community through grants for indigent primary care, mental health services, services for the elderly and grants for wellness programs. The foundation annually invests more than $70 million in grants to support community health and well-being.

$78.5Mprogram expense
02

The foundation's mobile dental program offers free dental care to children at title 1 elementary schools in central texas, as well as adults referred by area clinics. This is the largest mobile charity dental program in the COUNTRY.FROM august through may, the mobile dental program treats elementary school children who attend title I…

$9.7Mprogram expense
03

The foundation controls hospitals dedicated to serving central texas pursuant to the community benefit standard and the affordable care act. ST. David's healthcare partnership includes hospitals, free-standing emergency rooms, ambulatory care centers, and urgent care centers.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$179.6M · 96%
Investment income$6.5M · 3%
Contributions & grants$1.6M · 1%
Program service revenue96%$179.6M
Investment income3%$6.5M
Contributions & grants1%$1.6M
Other revenue$5K
Total revenueLn 12$187.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$88.2M
Management & general9%$8.9M
Total functional expensesLn 25$97.1M

Balance Sheet

Part X · end of year
CashLn 1$75.1M
Total assetsLn 16$1.7B
Total liabilitiesLn 26$43.5M
Total net assetsLn 32$1.7B
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2B · Operating expenses/yr $97.1M
146.4 months
Where the money goes
Program services
Program services $88.2M · Total expenses $97.1M
91%
Management & General
Management & general $8.9M · Total expenses $97.1M
9%
Fundraising
Fundraising $0 · Total expenses $97.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $187.7M
0.8%
Government reliance
Government grants — · Total revenue $187.7M
Earned-income share
Program service revenue $179.6M · Total revenue $187.7M
96%
Investment reliance
Investment income $6.5M · Total revenue $187.7M
+3%
Program self-sufficiency
Program service revenue $179.6M · Total expenses $97.1M
185%
Growth & trend
Revenue growth (YoY)
This year $187.7M · Prior year $177.6M
+6%
Net-asset trend (YoY)
End of year $1.7B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $187.7M · Expenses $97.1M
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $1.7B
Net-asset ratio
Net assets $1.7B · Total assets $1.7B
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $202.7M · Other securities (Pt X, ln 12) $906.2M · Total assets (Pt X, ln 16) $1.7B
63%
People & payroll
Highest Reported Total Compensation
Individual Edward B Burger · Reported title PRESIDENT & CEO · Highest reported compensation $598K · Total expenses $97.1M
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13.7M · Total expenses $97.1M
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Revenue growth 6%
Investment management fee ratio 0.05%
Legal fee ratio 0.3%
Accounting fee ratio 0.4%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 926 grants · $396.7M · 2020–2023
Lone Star Circle of CareTX · FY2023$11,044,000
Peoples Community Clinic INCTX · FY2023$6,668,344
Foundation Communities INCTX · FY2023$6,080,718
Youth and Family AllianceTX · FY2023$3,126,637
United Way for Greater AustinTX · FY2023$2,243,708
Austin Community Foundation INCTX · FY2023$2,000,000
Meals on Wheels and More INCTX · FY2023$1,879,200
Family Eldercare INCTX · FY2023$1,600,262
Texas Department of AgricultureFY2023$1,499,497
Unitemized GrantFY2023$1,282,950
The Safe AllianceTX · FY2023$1,085,432
Austin Groups for the ElderlyTX · FY2023$992,250
See all 926 grants →

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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
FY2024 (Latest)$217.5M revenue · ⤓ 990 PDF
FY2023$187.7M revenue · viewing · ⤓ 990 PDF
FY2022$177.6M revenue · ⤓ 990 PDF
FY2021$176.7M revenue · ⤓ 990 PDF
FY2020$135.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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