Ascension Seton Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 74-2212968)

Revenue by fiscal year
FY2020	$10.4M
FY2021	$19.0M
FY2022	$7.5M
FY2023	$8.2M
FY2024	$8.9M
FY2024	$17.2M

Expenses by fiscal year
FY2020	$12.4M
FY2021	$4.2M
FY2022	$3.8M
FY2023	$9.8M
FY2024	$6.7M
FY2024	$8.0M

Net assets by fiscal year
FY2020	$66.9M
FY2021	$118.9M
FY2022	$116.2M
FY2023	$113.4M
FY2024	$127.7M
FY2024	$141.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Part of a larger organization · Schedule R

Ascension Seton Foundation files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

Middle Tennessee Imaging LLC · Mymichigan Medical Center Tawas Foundation · Woodbridge Center LLC · St Vincent's Medical Center + 21 more · see all

Combined filings · FY2022 · 17 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 2% of group revenue.

Group revenue

$379.0M

Group expenses

$368.5M

Group net assets

$533.4M

Mymichigan Medical Center Tawas Foundation · $1.1M rev · $6.5M net assets

St Vincent's Medical Center · $0 rev · $1.9M net assets

Ascension Living Our Lady of Peace · $14.8M rev · −$8.9M net assets

Dell Children's Foundation · $20.1M rev · $65.3M net assets

Ascension Living Via Christi Village Hays · $8.6M rev · $1.5M net assets

Henry Ford Health St John Foundation · $19.4M rev · $75.1M net assets

Where the money goes

82 cents of each dollar spent went to programs.

82%

16%

Program services 82% · $3.1M Management & general 2% · $69K Fundraising 16% · $591K

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Andrew Morgan

Chair

$0Pt VII · Sec A

Colin Roberts

Secretary

$0Pt VII · Sec A

Edward Moody

Treasurer

$0Pt VII · Sec A

Miguel Romano JR

Ex-Officio/President

$0Pt VII · Sec A

Pam Giblin

Vice Chair

$0Pt VII · Sec A

Cathy Martinez Kreitz

Director

$0Pt VII · Sec A

Chuck Lispcomb

Director

$0Pt VII · Sec A

Clifford Chiu

Director

$0Pt VII · Sec A

See Ascension Seton 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 Central Austin adult healthcare facilities, medical centers, and nurse scholarships, prioritizing compassionate care for those in need.

Provided by the organization

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1 program · $3.1M · in their own filed words · FY2021

01

The seton fund works with our philanthropic community to support seton's central austin adult facilities, including dell seton medical center at the university of texas, seton medical center austin, seton shoal creek hospital, seton mccarthy community health center, as well as the seton cove and the nurse scholarship endowment.

$3.1Mprogram 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

The Covalent FoundationFY2025$506K

Total grants receivedfrom 1 funder$506K

Grants paid · 22 grants · $39.2M · 2019–2024

Ascension SetonMO · FY2024$5,302,360

Seton Family of DoctorsMO · FY2024$1,332,316

Seton-Ut Austin Dell Medical School University Physicians GroupMO · FY2024$150,608

Twenty-Six Doors INCMO · FY2024$51,337

Ascension SetonMO · FY2023$4,571,589

Seton Family of DoctorsMO · FY2023$829,347

Seton-Ut Austin Dell Medical School University Physicians GroupMO · FY2023$157,700

Ascension SetonMO · FY2022$7,409,546

Twenty-Six Doors INCMO · FY2022$680,174

Seton Family of DoctorsMO · FY2022$373,202

Ascension Providence FoundationMO · FY2022$284,937

Seton-Ut Austin Dell Medical School University Physicians GroupMO · FY2022$115,807

Ascension SetonMO · FY2021$2,299,343

Seton Family of DoctorsMO · FY2021$720,742

Twenty-Six Doors INCMO · FY2021$7,970

Ascension Health AllianceMO · FY2021$7,500

Ascension SetonMO · FY2020$2,981,334

Seton Family of DoctorsMO · FY2020$421,340

See all 22 grants →

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$7.5M

Ln 12

Gifts and grantsLn 1h$5.1M

Investment incomeLn 3$2.6M

Money outPt IX

$3.8M

Ln 25

Programscol B$3.1M

Managementcol C$69K

Fundraisingcol D$591K

Owns and owesPt X

$116.2M

net assets · Ln 32

Cash and savingsLn 1–2$24.5M

Total assetsLn 16$116.9M

LiabilitiesLn 26$730K

PeoplePt VI, VII

19

listed · VII A

PaidVII A0

Voting boardVI 1a18

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.1M

Fundraising eventsLn 1c$297K

Investment incomeLn 3$2.6M

Gains on assetsLn 7$517K

Total revenueLn 12$7.5M

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$24.5M

Cash and savings togetherLn 1–2$24.5M

InvestmentsLn 11–13$90.6M

Land, buildings, equipmentLn 10c$73K

Other assetsLn 15$0

Total assetsLn 16$116.9M

LiabilitiesLn 26$730K

Net assetsLn 32$116.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 6123

Fiscal year endsHeaderJune

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$21.4M	$24.5M
InvestmentsLn 11–13	$97.1M	$90.6M
Land, buildings, equipmentLn 10c	$73K	$73K
Total assetsLn 16	$119.3M	$116.9M
LiabilitiesLn 26	$451K	$730K
Net assetsLn 32	$118.9M	$116.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3.0M	$3.0M
Other fees for servicesLn 11g	$0	$0	$0	$0
Office expensesLn 13	$38K	$113	$35K	$3K
OccupancyLn 16	$8K	$822	$411	$7K
TravelLn 17	$2K			$2K
Conferences, conventions and meetingsLn 19	$2K			$2K
Other expenses (24a–d)Ln 24	$676K	$67K	$33K	$576K
All other expensesLn 24e	$1K	$71	$38	$1K
Total functional expensesLn 25	$3.8M	$3.1M	$69K	$591K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$8.9M	$6.7M	$2.2M	$127.7M	990 PDF
FY2023	$8.2M	$9.8M	−$1.6M	$113.4M	990 PDF
FY2022 Viewing	$7.5M	$3.8M	$3.7M	$116.2M	990 PDF
FY2021	$19.0M	$4.2M	$14.8M	$118.9M	990 PDF
FY2020	$10.4M	$12.4M	−$2.0M	$66.9M	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 FY2022 990 (6 parts)

Part I · Summary $7,512,320 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $16,866,596$5,136,656

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,256,815$2,610,638

I-11 Other revenuePrior year −$122,704−$234,974

I-12 Total revenuePrior year $19,000,707$7,512,320

I-13 Grants and similar amounts paidPrior year $3,462,020$3,040,554

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $691,855$727,446

I-18 Total expensesPrior year $4,153,875$3,768,000

I-19 Revenue less expensesPrior year $14,846,832$3,744,320

Part VI · Governance 17 of 18 board members independent, 1 to look at

VI-1a Voting members of the governing body18

VI-1b Independent voting members17

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $7,512,320 across 9 lines filed

Lines not itemized here account for $35,795 of total revenue; see the IRS return.

VIII-1c Fundraising events$297,157

VIII-1d Related organizations$1,110,744

VIII-1f All other contributions, gifts and grants$3,728,755

VIII-1h Total contributions, gifts and grants$5,136,656

VIII-3 Investment incomeExcluded from tax $2,093,378$2,093,378

VIII-7 Net gain or loss on sales of assetsExcluded from tax $517,260$517,260

VIII-8 Net income from fundraising eventsExcluded from tax −$271,234−$271,234

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $465$465

VIII-12 Total revenueRelated to mission $465 · Unrelated business $0 · Excluded from tax $2,375,199$7,512,320

Part IX · Statement of functional expenses $3,768,000 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $3,040,554$3,040,554

IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0

IX-13 Office expensesPrograms $113 · Management $35,089 · Fundraising $3,052$38,254

IX-16 OccupancyPrograms $822 · Management $411 · Fundraising $6,984$8,217

IX-17 TravelFundraising $1,948$1,948

IX-19 Conferences, conventions and meetingsFundraising $2,095$2,095

IX-24 Other expenses (24a–d)Programs $66,515 · Management $33,258 · Fundraising $575,837$675,610

IX-24e All other expensesPrograms $71 · Management $38 · Fundraising $1,213$1,322

IX-25 Total functional expensesPrograms $3,108,075 · Management $68,796 · Fundraising $591,129$3,768,000

Part X · Balance sheet $116,881,165 assets, 22 lines filed

X-1 Cash, non-interest-bearingStart of year $0$0

X-2 Savings and temporary cash investmentsStart of year $21,366,962$24,508,023

X-3 Pledges and grants receivableStart of year $771,824$1,668,961

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 $0$895

X-10c Land, buildings and equipment, netStart of year $73,000$73,000

X-11 Publicly traded securitiesStart of year $97,099,807$90,630,286

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $119,311,593$116,881,165

X-17 Accounts payable and accrued expensesStart of year $370,300$623,790

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$106,500

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 $80,882$0

X-26 Total liabilitiesStart of year $451,182$730,290

X-27 Net assets without donor restrictionsStart of year $19,724,859$19,982,892

X-28 Net assets with donor restrictionsStart of year $99,135,552$96,167,983

X-32 Total net assets or fund balancesStart of year $118,860,411$116,150,875

X-33 Total liabilities and net assetsStart of year $119,311,593$116,881,165

Part XI · Reconciliation of net assets $116,150,875 net assets at year end

XI-1 Total revenue$7,512,320

XI-2 Total expenses$3,768,000

XI-3 Revenue less expenses$3,744,320

XI-4 Net assets at start of year$118,860,411

XI-5 Net unrealized gains (losses) on investments−$6,569,880

XI-9 Other changes in net assets$116,024

XI-10 Net assets at end of year$116,150,875

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ascension Seton Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Ascension Seton Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV