PLATINUM2024

Ascension Seton Foundation Subordinate

aka The Seton Fund   |   Austin, TX   |  https://supportseton.org/

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GuideStar Charity Check

Ascension Seton Foundation

EIN: 74-2212968  Subordinate info


Mission

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. All services are provided without regard to religious beliefs or other discriminating factors. Ascension Seton Foundation works with our philanthropic community to support Ascension Setons Central Austin adult facilities, including Dell Seton Medical Center at The University of Texas, Ascension Seton Medical Center Austin, and Seton Shoal Creek Hospital.

Ruling year info

1946

Executive Director

Mr Joel Rice

Main address

1206 W. 38th Street Suite 4200

Austin, TX 78705 USA

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Formerly known as

SETON FUND OF THE DAUGHTERS OF CHARTITY OF ST VINCENT DE PAUL

EIN

74-2212968

Subject area info

Health

Hospital care

Population served info

Adolescents

Adults

Families

Economically disadvantaged people

People with diseases and illnesses

NTEE code info

Hospitals and Primary Medical Care Facilities (E20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is not required to file an annual return with the IRS because it is a church.

Tax forms

Communication

Blog

Affiliations

See related organizations info

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Ascension Seton Medical Center Austin (ASMCA)

Ascension Seton Medical Center Austin (ASMCA) is the regions first and largest medical/surgical acute care center and is the only hospital in Central Texas that performs heart transplants. Between 5,000-5,500 babies are born each year at ASMCA, including 700+ babies annually who receive care in the neonatal intensive care unit (NICU).

ASMCA offers comprehensive diagnostic and treatment services for both inpatients and outpatients and regional specialty programs including the Seton Heart Specialty Care and Transplant Center, Seton Infusion Center and the Marialice Shivers Regional Neonatal Center.

Ascension Seton Medical Center Austin was also one of the first two hospitals in Texas to receive certification as a Primary Stroke Center. It is a Level 4 maternal high-risk hospital caring for the most complex maternal cases. In 2020, ASMCA earned Magnet Recognition from the American Nurses Credentialing Center (ANCC).

Population(s) Served
Adults
Adolescents
Pregnant people
People with diseases and illnesses

Dell Seton Medical Center at The University of Texas (Dell Seton) serves a vital role in the community as a major teaching hospital and the only adult Level 1 Trauma Center in Central Texas, serving an 11-county area. It is also the Travis County safety net hospital serving our community members with the greatest needs and least resources. Nearly 70% of patients at Dell Seton are un- or under-insured.

Dell Seton is also home to the Adult Abdominal Transplant Center, and the neurocritical care unit. In 2021, Dell Seton achieved the prestigious Magnet designation awarded by the American Nurses Credentialing Center Magnet Recognition Program. To achieve the Magnet vision of excellence, healthcare organizations adhere to rigorous standards that demonstrate excellence in nursing, patient care along with innovation in professional nursing practice.

Population(s) Served
Adults
Economically disadvantaged people

For more than 40 years, Ascension Seton has been caring for adults and seniors who may be experiencing emotional or substance abuse difficulties. Inpatient services at Shoal Creek Hospital include intensive psychiatric stabilization for patients dealing with emotional crises, depression, and drug/alcohol dependence.

Our licensed staff is on call 24 hours a day to address the mental health needs of patients and their families. The hospital also facilitates a wide range of support groups that meet on a regular basis.

Population(s) Served
Adults
Seniors
Substance abusers

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of pregnant women giving birth at a health facility

This metric is no longer tracked.
Totals By Year
Population(s) Served

Pregnant people

Related Program

Ascension Seton Medical Center Austin (ASMCA)

Type of Metric

Context - describing the issue we work on

Direction of Success

Increasing

Context Notes

Birthing patients for each fiscal year

Number of patient visits

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth

Related Program

Ascension Seton Medical Center Austin (ASMCA)

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

Total hospital visits

Total number of client emergency room visits

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth, Adults

Related Program

Dell Seton Medical Center at The University of Texas

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

Total ED visits

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Financials

Ascension Seton Foundation
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 FY22 Consolidated Ascension Financial Audit
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

157.66

Average of 44.70 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

78.1

Average of 15.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 13% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Ascension Seton Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Ascension Seton Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Ascension Seton Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Ascension Seton Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$2,013,366 $1,475,873 $155,186 $22,884,287 $258,033
As % of expenses -11.6% 7.8% 1.3% 550.9% 6.8%
Unrestricted surplus (deficit) after depreciation -$2,013,366 $1,475,873 $155,186 $22,884,287 $258,033
As % of expenses -11.6% 7.8% 1.3% 550.9% 6.8%
Revenue composition info
Total revenue (unrestricted & restricted) $10,019,467 $15,086,819 $10,354,229 $19,000,707 $7,512,320
Total revenue, % change over prior year -14.7% 50.6% -31.4% 83.5% -60.5%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 8.4% 16.0% 20.0% 7.5% 27.9%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 85.5% 82.5% 75.9% 88.1% 64.8%
Other revenue 6.1% 1.5% 4.1% 4.3% 7.4%
Expense composition info
Total expenses before depreciation $17,399,192 $18,847,414 $12,359,658 $4,153,875 $3,768,000
Total expenses, % change over prior year -4.4% 8.3% -34.4% -66.4% -9.3%
Personnel 8.3% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.2% 0.0% 0.0% 0.0% 0.0%
Occupancy 0.0% 0.1% 0.1% 0.2% 0.2%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 85.0% 89.8% 92.4% 83.3% 80.7%
All other expenses 6.6% 10.1% 7.5% 16.4% 19.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $17,399,192 $18,847,414 $12,359,658 $4,153,875 $3,768,000
One month of savings $1,449,933 $1,570,618 $1,029,972 $346,156 $314,000
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $18,849,125 $20,418,032 $13,389,630 $4,500,031 $4,082,000

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.7 0.9 4.8 61.7 78.1
Months of cash and investments 57.8 53.6 80.6 342.2 366.7
Months of estimated liquid unrestricted net assets -3.4 -2.2 -3.1 56.8 63.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $953,985 $1,335,678 $4,898,323 $21,366,962 $24,508,023
Investments $82,828,744 $82,904,335 $78,137,067 $97,099,807 $90,630,286
Receivables $3,437,096 $2,942,846 $1,565,934 $771,824 $1,668,961
Gross land, buildings, equipment (LBE) $73,000 $73,000 $73,000 $73,000 $73,000
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 22.2% 21.0% 20.9% 0.4% 0.6%
Unrestricted net assets -$4,790,487 -$3,314,614 -$3,159,428 $19,724,859 $19,982,892
Temporarily restricted net assets $52,600,711 $51,957,549 N/A N/A N/A
Permanently restricted net assets $20,122,476 $20,246,424 N/A N/A N/A
Total restricted net assets $72,723,187 $72,203,973 $70,095,751 $99,135,552 $96,167,983
Total net assets $67,932,700 $68,889,359 $66,936,323 $118,860,411 $116,150,875

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Mr Joel Rice

Experienced Fundraising Professional with a demonstrated history of working in the non-profit organization management industry. Skilled in Nonprofit Organizations, Conflict Resolution, Event Management, Youth Leadership, and Follow-through Skills.

Number of employees

Source: IRS Form 990

Ascension Seton Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Ascension Seton Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Ascension Seton Foundation

Board of directors
as of 01/20/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Mr. Andrew Morgan

Venture Philanthropy Opportunities


Board co-chair

Ms. Pam Giblin

Vice-Chairman

Edward Moody

Treasurer

Edvin Beasley

Stream Realty Partners, LP

Laura Beuerleain

Heritage Title Company

Clifford Chiu

Vista Equity Partners

Meredith Delk

Magellan Health

Taylor Harper

Community Leader

Chuck Lipscomb

JE Dunn Construction

John Menchaca

Enoch Kever

John Minter

Austin Growth Capital LLC

Timothy A. Mooney

Lead Commercial

Will Matthews

Truist

Cathy Martinez Kreitz

Matts El Rancho

Laura M. Matz

Matz and Company

Tracey Marshall

Community Leader

Genny Hill

Austin INFINITI & Austin Subaru

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 1/5/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.