Bon Secours Kentucky Health System Foundation Inc
THE FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTHCARE MISSION OF OUR LADY OF BELLEFONTE HOSPITAL.
IRS Tax Year 2019
Period ending December 31, 2019
Total Revenue
$328K
Total Expenses
$312K
Net Assets
$0
Employees
0
Volunteers
20
Grants Paid
$134K
Program Expense Ratio
85.3%
Fundraising Efficiency
642.5%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours Kentucky Health System Foundation Inc (EIN: 61-1381952), based on the 2019 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Bon Secours Kentucky Health System Foundation Inc is a 501(c)(3) nonprofit headquartered in Cincinnati, OH, founded in 2000. In its 2019 filing, the organization reported $328K in total revenue, and $312K in total expenses. The organization engaged 20 volunteers. , Former Treasurer/CFO-BSKY, Atlantic Group CFO, is the highest-compensated individual at $856,017. The organization runs 1 program, totaling $266K in program expenses. 4 of 6 recommended governance policies are in place.
Programs(Tax Year 2019)
1 record
Bon Secours Kentucky Health System Foundation Inc operates 1 program, with total program expenses of $266K. Bon Secours Kentucky Health System Foundation Inc's largest program accounts for 100% of total program spending.
BON SECOURS KENTUCKY HEALTH SYSTEM FOUNDATION, INC., ("BSKHSF") IS AN IRC 501(C)(3) ORGANIZATION THAT WAS ESTABLISHED TO SUPPORT BSKHS AND RAISE FUNDS TO ASSIST IN MEETING THE CONSTANT DEMANDS OF THE EVER-EVOLVING FIELD OF HEALTH CARE. THESE FUNDS ALLOW FOR THE CREATION OF NEW SERVICES, THE PURCHASE OF NEW EQUIPMENT, AND THE PROVISION OF CHARITABLE HEALTH CARE SERVICES. BSKHSF IS AN INTEGRAL PART OF BSMH, A CARING COMMUNITY CALLED TOGETHER TO MAKE VISIBLE GOD'S LOVE AND COMPASSION. AS A CATHOLIC MINISTRY, BSKHSF'S AND BSMH'S MISSION IS TO WORK WITH OTHERS EMBRACING THE CHALLENGE OF MAKING WISE AND JUST DECISIONS TO FOSTER AN ENVIRONMENT OF HEALING FOR PATIENTS, STAFF, PARTNERS, AND COMMUNITIES. RECOGNIZING THE DIGNITY OF EACH HUMAN BEING, BSKHSF AND BSMH RELENTLESSLY SEEK HEALING AND WHOLENESS FOR ALL PEOPLES, ESPECIALLY THOSE WHO ARE VULNERABLE, POOR, OR DYING.
Financial Overview(Tax Years 2019–2019)
1 record
Bon Secours Kentucky Health System Foundation Inc derives 78% from contributions and grants, with 17% from investment income.
Revenue is primarily driven by contributions and grants (78%), with investment income at 17%.
Bon Secours Kentucky Health System Foundation Inc allocates 85% to programs, 2% to management and general, 13% to fundraising.
Bon Secours Kentucky Health System Foundation Inc distributed $134K in grants to other organizations and individuals, representing 43% of total expenses.
Bon Secours Kentucky Health System Foundation Inc holds $0 in total assets against $0 in liabilities. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2019 | $328K | $257K | $0 | $0 | $55K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2019 | $312K | $266K | $6K | $40K | $134K |
Program Expense Ratio
85.3%
Admin Expense Ratio
1.8%
Fundraising Efficiency
642.5%
Operating Reserve
0.0 mo
People & Compensation(Tax Year 2019)
31 records
Bon Secours Kentucky Health System Foundation Inc reported compensation for 31 officers and key employees. Total officer compensation was $3.6M, representing 1150.3% of total expenses. 3 individuals received total compensation exceeding $500,000.
Bon Secours Kentucky Health System Foundation Inc's highest-compensated individual received $856K in total compensation. Total officer compensation of $3.6M represents 1150.3% of total expenses. 3 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Former Treasurer/CFO-BSKY, Atlantic Group CFO | Former | — | $0 | $762,900 | $856,017 | |
| Board Member | Director | 0.50 | $0 | $759,982 | $795,881 | |
| Former CEO - BSKY | Former | — | $0 | $511,521 | $555,875 | |
| Former Treasurer/CFO-BSKY | Former | — | $0 | $272,374 | $293,567 | |
| Interim BSKY CEO/President | OfficerDirector | 1.00 | $0 | $223,703 | $250,284 | |
| CFO-BSKY | Officer | 2.00 | $0 | $207,902 | $239,478 | |
| Treasurer | Officer | 0.50 | $0 | $143,001 | $171,716 | |
| Board President, BSKY VP Mission | OfficerDirector | 1.00 | $0 | $122,269 | $159,745 | |
| President, Foundation | Officer | 0.50 | $0 | $86,810 | $108,612 | |
| Board Member | Director | 0.50 | $0 | $84,637 | $94,636 | |
| Secretary | Officer | 0.50 | $0 | $37,429 | $65,989 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Vice Chairman | OfficerDirector | 1.00 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Chairman | OfficerDirector | 1.00 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 | |
| Board Member | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Kevin Halter FACHE
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jason Asic
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Joseph Mazzawi
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Michele Friday MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Laura BUczkowski
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Joe Buchheit
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Tyler Walters
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Robert Lucas
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2019)
Bon Secours Kentucky Health System Foundation Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 24 members, 20 of whom are independent.
Bon Secours Kentucky Health System Foundation Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2019)
2 records
Bon Secours Kentucky Health System Foundation Inc awarded $77K across 1 grant to organizations. Top recipients include Our Lady of Bellefonte Hospital Inc (Cincinnati, OH) — $77K for mission support. The organization also provided grants to individuals (87 recipients) totaling $16K, including patient benevolence.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Our Lady of Bellefonte Hospital Inc611356023 | Cincinnati, OH | $77K | Mission Support |
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PATIENT BENEVOLENCE | 87 | $16K |
Fundraising & Events(Tax Year 2019)
Bon Secours Kentucky Health System Foundation Inc held fundraising events including Halloween bash ($16K).
Named Events
halloween bash
Gross: $15,717
Filing History(Tax Years 2000–2019)
1 record
Showing the 1 Form 990 filing currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2019 | 990 | 2019-09-01 – 2019-12-31 | $328K | $312K | $0 |
| 2000–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours Kentucky Health System Foundation Inc do?
THE FOUNDATION RAISES FUNDS TO SUPPORT THE HEALTHCARE MISSION OF OUR LADY OF BELLEFONTE HOSPITAL.
How much revenue does Bon Secours Kentucky Health System Foundation Inc have?
Bon Secours Kentucky Health System Foundation Inc reported $328,426 in total revenue for tax year 2019.
Who is the highest-paid executive at Bon Secours Kentucky Health System Foundation Inc?
, Former Treasurer/CFO-BSKY, Atlantic Group CFO, received $856,017 in total compensation as of tax year 2019.
Is Bon Secours Kentucky Health System Foundation Inc a 501(c)(3)?
Yes, Bon Secours Kentucky Health System Foundation Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours Kentucky Health System Foundation Inc located?
Bon Secours Kentucky Health System Foundation Inc is headquartered in Cincinnati, OH 45237.
Is Bon Secours Kentucky Health System Foundation Inc audited?
Yes, Bon Secours Kentucky Health System Foundation Inc's financial statements are audited, and the organization has an audit committee.
How much does Bon Secours Kentucky Health System Foundation Inc spend on fundraising?
Bon Secours Kentucky Health System Foundation Inc reported $40,075 in fundraising expenses for tax year 2019, which represents 12.8% of total expenses.
Does Bon Secours Kentucky Health System Foundation Inc give grants?
Yes, Bon Secours Kentucky Health System Foundation Inc distributed $133,925 in grants to other organizations and individuals in tax year 2019. Top recipients include Our Lady of Bellefonte Hospital Inc.
Does Bon Secours Kentucky Health System Foundation Inc hold fundraising events?
Bon Secours Kentucky Health System Foundation Inc reports fundraising event activities.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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