EIN 57-1183283

Sacred Heart Health Ventures

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2003
Most recent tax filings
2023-06-01
Description
Sacred Heart Health Ventures invests in organizations that provide medical or health-related services to improve the health and well-being of citizens and increase access to specialized treatments. The company is rooted in Jesus' loving ministry as a healer and committed to serving all persons, especially those who are poor and vulnerable. As a member of Ascension Health, the nation's largest Catholic healthcare system, Sacred Heart Health Ventures continues to build sustainable collaborative efforts that benefit individuals, families, and society as a whole while located in St Louis, MO.
Related structure
Sacred Heart Health Ventures is child organization, under the parent exemption from United States Conference of Catholic Bishops (USCCB).
Total revenues
$3,203,489
2023
Total expenses
$1,580
2023
Total assets
$4,099,925
2023
Num. employees
0
2023

Program areas at Sacred Heart Health Ventures

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. AS A MEMBER OF ASCENSION HEALTH, THE NATION'S LARGEST CATHOLIC HEALTHCARE SYSTEM, SACRED HEART HEALTH VENTURES, INC. CONTINUES TO BUILD AND STRENGTHEN SUSTAINABLE COLLABORATIVE EFFORTS THAT BENEFIT THE HEALTH OF INDIVIDUALS, FAMILIES, AND SOCIETY AS A WHOLE. THE GOAL OF SACRED HEART HEALTH VENTURES, INC. IS TO PERPETUATE THE HEALING MISSION OF THE CHURCH. SACRED HEART HEALTH VENTURES, INC., THROUGH ITS OWNERSHIP IN PET LLC, FURTHERS THIS GOAL THROUGH DELIVERY OF PATIENT SERVICES AND CARE TO THE ELDERLY AND INDIGENT. Our concern for all human life and dignity of each person leads the organization to provide medical services to all people in the community without regard to the patient's race, creed, national origin, economic status, or ability to pay. Sacred Heart Health Ventures, Inc. has engaged in the following activities to ensure that our mission is accomplished: Unreimbursed Services Provided to the Elderly and the Poor Through its 51% ownership of PET, LLC, Sacred Heart Health Ventures, Inc. provides a substantial portion of its services to the elderly. During the fiscal year ending June 30, 2023, approximately 61.03% of the value of services rendered were to elderly patients under the Medicare program. In the spirit of principles adopted by Ascension Health, Sacred Heart Health Ventures, Inc. has taken proactive steps to address those issues that will affect accessibility, the financing, and the delivery of healthcare to all persons, especially the uninsured, underinsured, and the underserved. During the fiscal year ending June 30, 2023, the estimated unreimbursed cost of services provided to the uninsured or underinsured totaled $137,783. Patient Services Sacred Heart Health Ventures, Inc. consists of a 51% ownership of PET, LLC which provides out-patient PET scan and CT scan services to the community. During the fiscal year ending June 30, 2023, PET, LLC provided PET scan services to 3,130. Summary Sacred Heart Health Ventures, Inc. furthers its charitable purposes by providing a broad array of services to meet the healthcare needs of patients and organizations in the community. We provide essential medical services to the community, train and recruit healthcare professionals to serve the needs of the broader community, provide appropriate charity services to those patients who are not able to pay for their own healthcare needs, and provide services to other organizations that allow them to provide quality services to their patients or constituents.

Personnel at Sacred Heart Health Ventures

NameTitleCompensation
Thomas J VanosdolAnd Chief Executive Officer , Ministry Market$0
Stephan F QuiriconiChief Financial Officer , Ministry Market$0
Tonya MershonVice President , Tax
Coba Susan CornejoSecretary and Treasurer$0
Kimberly Paige ShrewsburyFormer Officer$0
...and 5 more key personnel

Financials for Sacred Heart Health Ventures

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$3,203,489
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,203,489

Form 990s for Sacred Heart Health Ventures

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-12990View PDF
2021-062022-05-14990View PDF
2020-062021-05-20990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s

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Presence Care Transformation CorporationSt Louis, MO$3,472,314
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St Francis Health Services of MorrisMorris, MN$5,847,534
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 1 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 6, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
HospitalsHealth organizationsChapter / child organizations
Issues
HealthDiseases and disorders
Characteristics
CatholicChristianReligiousTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
C/O Tax Department PO Box 45998
St Louis, MO 63145
Metro area
St. Louis, MO-IL
County
St. Louis County, MO
Website URL
healthcare.ascension.org/ 
Phone
(314) 733-8000
IRS details
EIN
57-1183283
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E21: Community Health Systems
NAICS code, primary
622: Hospitals
Parent/child status
Child within group exemption
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