2024-04-16T13:24:20-05:00 2023-06-30 421539623 KMH LLP 1003 BISHOP STREET SUITE 2400 HONOLULU HI 96813 990 2022-07-01 990240060 ST FRANCIS HEALTHCARE FOUNDATION OF HAWAII STFR 8085478066 PO BOX 29700 HONOLULU HI 968202100 CRAIG SHANER CFO 8085478066 2024-04-16 1 CRAIG SHANER 999009999 0 DUANE AKAMINE P01498021 8085262255 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHLEEN MORIMOTO PO BOX 29700 HONOLULU HI 968202100 2087783 0 0928 X WWW.STFRANCISHAWAII.ORG X 1984 HI SEE SCHEDULE O 11 9 0 9 0 0 1043335 422299 0 0 131703 41965 463033 892458 1638071 1356722 2608873 2287389 0 0 293797 127498 65222 90314 423128 436669 285834 3404561 2791035 -1766490 -1434313 10472712 10130101 1410839 1469934 9061873 8660167 X SEE SCHEDULE O 0 0 2287389 2287389 480000 SEE SCHEDULE O 2287389 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 20 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 HI X X CRAIG SHANER 8085478066 2228 LILIHA STREET SUITE 300 HONOLULU HI 96817 JERRY CORREA PRESIDENT 2.00 X 0 283894 22749 ANNE IW KEAMO CHAIRMAN 2.00 2.00 X 0 0 0 BRADLEY ITAGAKI DIRECTOR 2.00 X 0 0 0 DARIN YOKOYAMA DIRECTOR 2.00 X 0 0 0 GREG MATSUURA DIRECTOR 2.00 X 0 0 0 KEVIN YEN DIRECTOR 2.00 X 0 0 0 LARRY FUJINO DIRECTOR 2.00 X 0 0 0 NELSON K MOKU III DIRECTOR 2.00 X X 0 245265 914 PHIL PARAGOSO DIRECTOR 2.00 X 0 0 0 RICHARD W ORNELLAS DIRECTOR 2.00 X 0 0 0 CATHY KEAULANI VICE PRESIDENT 40.00 X X 0 149896 10462 SR DAVILYN AH CHICK DIRECTOR 2.00 X X 0 0 0 CHRISTINE SAITO DIRECTOR 2.00 X 0 0 0 MELISSA AH HO-MAUGA PRESIDENT 2.00 52.00 X X 0 177741 18250 CRAIG SHANER CFO 2.00 52.00 X 0 99760 9100 KEVIN NISHIDA CFO 2.00 52.00 X 0 94011 2997 0 1050567 64472 0 1 1 0 0 11587 410712 422299 68236 68236 580831 607102 -26271 -26271 -26271 536417 123959 412458 412458 INCOME FROM AFFILIATES 900099 480000 480000 480000 1356722 480000 0 454423 2273789 2273789 13600 13600 103820 103820 1772 1772 12191 12191 9715 9715 20230 20230 90314 90314 209632 5389 204243 38032 38032 1073 1073 16867 16867 2791035 2287389 80518 423128 206801 49373 549150 507763 13350 11589 10699 38356 36075 3354 2281 1 1 9701817 9546634 10472712 10130101 11452 3300 242000 237725 1157387 1228909 1410839 1469934 X 1050438 1117597 8011435 7542570 9061873 8660167 10472712 10130101 X -1434313 163063 869544 X 0 1 X 1 0 X 2332770 6400253 1043576 1043335 422299 11242233 2332770 6400253 1043576 1043335 422299 11242233 4785386 6456847 32705 45411 65024 55499 68236 266875 13 60 73 11509181 3593109 0.56100 0.63940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 13. 2019 AMOUNT: $ 60. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 676890 12109 688999 728690 -51800 676890 674090 54600 728690 680090 -6000 674090 680390 -300 680090 1.00000 1 0 38356 36075 2281 2281 ASSETS RESTRICTED FOR PROGRAMS 6853571 ASSETS RESTRICTED FOR ENDOWMENT 688999 OTHER ASSETS 198670 DUE FROM AFFILIATES 318842 FUNDS HELD BY BANK UNDER ANNUITY AGREEMENT 1486552 9546634 DUE TO AFFILIATES 254662 CHARITABLE GIFT ANNUITY LIABILTIES 70190 OTHER LIABILITIES 904057 1228909 X 2502155 163063 2640009 2803072 -300917 1657639 1657639 1356722 2434995 123959 123959 2311036 480000 480000 2791036 PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED TO PROVIDE SUPPORT FOR THE ACTIVITIES OF ST. FRANCIS HEALTHCARE SYSTEM AND ITS AFFILIATES. PART X, LINE 2: THE FOLLOWING IS THE FIN 48 (ASC 740) FOOTNOTE FROM THE SEPARATE AUDITED FINANCIAL STATEMENTS OF ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII: THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE TAXES ON ITS UNRELATED BUSINESS TAXABLE INCOME. AS OF JUNE 30, 2023, THE FOUNDATION HAS UNRELATED BUSINESS NET OPERATING LOSS CARRYFORWARDS OF APPROXIMATELY $155,000 WHICH EXPIRE FROM 2024 TO 2027. THE FOUNDATION BELIEVES IT IS MORE THAN LIKELY THAT IT WILL NOT REALIZE THE BENEFITS OF THESE UNRELATED BUSINESS NET OPERATING LOSS CARRYFORWARDS. ACCORDINGLY, A VALUATION ALLOWANCE HAS BEEN ESTABLISHED FOR THE ENTIRE AMOUNT. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX EFFECTS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST AMOUNT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. ANY INTEREST OR PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADMINISTRATION AND GENERAL EXPENSES. THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: TEMP RESTRICTED NET ASSETS RELEASED 1,658,613. RECLASS OF FUNDRAISING EXPENSE 123,959. RESTRICTED CONTRIBUTIONS HELD FOR AFFILIATES 857,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF INCOME FROM AFFILIATES 480,000. RESTRICTED CONTRIBUTIONS 1,177,639. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSE 123,959. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF INCOME FROM AFFILIATES 480,000. X X X X X X 1 CREATIVE FUNDRAISING ASSOCIATES 98-891 KUHAO PL AIEA HI 96701 STRATEGY CONSULTING 0 0 62827 -62827 FUND DEVELOPMENT GROUP 4348 WAIALAE AVE 282 HONOLULU HI 96816 STRATEGY CONSULTING 0 0 27487 -27487 90314 -90314 HI WINE & DINNER EVENT 428105 428105 34987 53786 5005 15593 WALK 108312 0 108312 6837 4072 2694 985 536417 536417 41824 57858 7699 16578 123959 412458 1 OUR LADY OF KEA'AU PO BOX 29700 HONOLULU HI 96820 680613210 501(C)(3) 120000 0 GENERAL SUPPORT ST FRANCIS HEALTHCARE SYSTEM OF HAWAII PO BOX 29700 HONOLULU HI 96820 990240059 501(C)(3) 330000 0 GENERAL SUPPORT FRANCISCAN CARE SERVICES PO BOX 29700 HONOLULU HI 96820 274348363 501(C)(3) 200000 0 GENERAL SUPPORT SCHOLARSHIPS 28 13600 PART I, LINE 2: DONATIONS TO ORGANIZATIONS ARE PRIMARILY MADE TO RELATED 501(C)(3) ORGANIZATIONS, WHOSE NON-PROFIT PURPOSES ARE KNOWN BY ST. FRANCIS HEALTHCARE FOUNDATION. NO FURTHER MONITORING IS NECESSARY. TUITION PAYMENTS FOR THE MARIAN MEDEIROS SCHOLARSHIP AWARDEES ARE MADE DIRECTLY TO THE SCHOOLS DESIGNATED BY THE AWARDEES. 0 0 0 0 0 0 0 0 0 JERRY CORREA PRESIDENT 0 283894 0 0 0 0 0 8406 0 14343 0 306643 0 0 NELSON K MOKU III DIRECTOR 0 245265 0 0 0 0 0 0 0 914 0 246179 0 0 MELISSA AH HO-MAUGA PRESIDENT 0 177741 0 0 0 0 0 887 0 17363 0 195991 0 0 CATHY KEAULANI VICE PRESIDENT 0 149896 0 0 0 0 0 3766 0 6696 0 160358 0 0 CRAIG SHANER CFO 0 99760 0 0 0 0 0 0 0 9100 0 108860 0 0 KEVIN NISHIDA CFO 0 94011 0 0 0 0 0 2568 0 429 0 97008 0 0 PART I, LINE 3 JERRY CORREA AND MELISSA AH HO-MAUGA ARE OFFICERS, COMPENSATED BY A RELATED ORGANIZATION, ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII (SFHS), IN THE CURRENT YEAR. THEIR COMPENSATION IS DETERMINED AND APPROVED BY THE GOVERNANCE COMMITTEE, WHICH IS A SUB-COMMITTEE OF SFHS BOARD OF DIRECTORS. FORM 990, PART I, LINE 1 AND PART III, LINE 1 ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII FULFILLS THE FUND DEVELOPMENT FUNCTION TO SUPPORT THE CURRENT OPERATIONS AND LONG-TERM CAPITAL NEEDS OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII. SINCE ITS INCORPORATION IN 1984 AS A SUBSIDIARY OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, THE FOUNDATION HAS TAKEN AN ACTIVE ROLE IN SUPPORTING THE HEALTH CARE MINISTRY OF THE SISTERS OF ST. FRANCIS OF HAWAII. ITS PURPOSE IS TO RAISE FUNDS, ACQUIRE AND HOLD ASSETS, BOTH REAL AND PERSONAL THAT ENHANCES AND SUPPORTS THE ACTIVITIES OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII AND ITS AFFILIATES. FORM 990, PART III, LINE 4A ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII IS CRITICAL TO THE MISSION OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII. ESTABLISHED IN 1984 AS A SUBSIDIARY OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, THE FOUNDATION IS RESPONSIBLE FOR PROVIDING OPERATING AND CAPITAL TO MEET THE SHORT- AND LONG-TERM NEEDS OF THE HEALTHCARE SYSTEM. THE FOUNDATION IS RESPONSIBLE FOR THE FUND DEVELOPMENT FUNCTION, OBTAINING DONATIONS THROUGH FUNDRAISERS, CAPITAL CAMPAIGNS, PLANNED GIVING PROGRAMS, GRANTS, AND SPECIAL EVENTS, WHICH INCLUDE THE WINE AND DINNER GALA AND ANNUAL ST. MARIANNE WALK FUNDRAISING EVENTS IN FY 2021. IN ADDITION, THE FOUNDATION ALSO ACQUIRES REAL ASSETS AND OVERSEES THE MANAGEMENT OF INVESTMENTS. AS PART OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII CARRIES ON THE LEGACY OF ST. MARIANNE COPE AND THE SISTERS OF ST. FRANCIS, WHO CAME TO THE ISLANDS IN 1883 TO CARE FOR THOSE AFFLICTED WITH HANSEN'S DISEASE. ST. FRANCIS HEALTHCARE FOUNDATION RAISES FUNDS TO SUPPORT ALL THOSE IN NEED, INCLUDING THE MOST VULNERABLE, AND UNDERWRITES THE COST OF CHARITY CARE FOR THOSE IN NEED OF FINANCIAL ASSISTANCE TO CARRY ON THE HEALTHCARE SYSTEM'S MISSION OF CREATING HEALTHY COMMUNITIES IN THE SPIRIT OF CHRIST'S HEALING MINISTRY. FORM 990, PART V, LINE 2A; PART VII, SECTION A; AND PART IX ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII DOES NOT HAVE EMPLOYEES BUT SHARES THE COSTS OF PERSONNEL, SERVICES, FACILITIES AND EXPENSES WITH ITS PARENT, ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE CORPORATE MEMBER OF ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII IS ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII. FORM 990, PART VI, SECTION A, LINE 7A ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, AS THE SOLE CORPORATE MEMBER, APPROVES THE APPOINTMENT OF THE BOARD OF DIRECTORS OF ST. FRANCIS HEALTHCARE FOUNDATION OF HAWAII. FORM 990, PART VI, SECTION A, LINE 7B ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII, AS THE SOLE CORPORATE MEMBER, HAS THE FOLLOWING POWERS RESERVED TO APPROVE THE FOLLOWING: A) ANY CHANGE IN THE PHILOSOPHY, MISSION, AND/OR PURPOSE OF THE CORPORATION; B) THE ADOPTION AND/OR AMENDMENT OF THE ARTICLES OF INCORPORATION; C) THE ADOPTION AND/OR AMENDMENT OF THE BYLAWS; D) THE APPOINTMENT OF DIRECTORS OF THE BOARD, AND REMOVAL OF DIRECTORS WITH OR WITHOUT CAUSE; E) APPOINT THE PRESIDENT OF THE CORPORATION; F) APPOINT THE CHIEF EXECUTIVE; G) APPROVE OR DISAPPROVE ANY SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS AND/OR SERVICES, OR ANY MERGER, CONSOLIDATION, REORGANIZATION, DIVESTING TRANSACTION OR ANY SIMILAR TRANSACTION REGARDING THE SAME, PLUS ALL OTHER ANCILLARY TRANSACTIONS NECESSARY OR APPROPRIATE TO CONSUMMATE THE SAME; H) THE DISSOLUTION OF THE CORPORATION AND DISPOSITION OF ASSETS; I) THE PURCHASE, SALE, LEASE OR MORTGAGE OF REAL PROPERTY; TO APPROVE THE PURCHASE, SALE, OR GIFT OF CAPITAL ASSETS; J) THE CORPORATION'S ANNUAL BUDGET, INCLUDING BUDGETS FOR OPERATIONS, CAPITAL EXPENDITURES, AND CASH FLOW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND SUPPORTING WORKPAPERS WERE REVIEWED BY THE CHIEF FINANCIAL OFFICER OF ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII AND THE COMPANY'S TAX ADVISORS, KMH LLP. A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED PRIOR TO EMPLOYMENT FOR ALL EMPLOYEES AND DIRECTORS. CONFLICT OF INTEREST QUESTIONNAIRES ARE REVIEWED BY HR PERSONNEL AND UPDATED ON AN ANNUAL BASIS. AFTER REVIEW BY HR PERSONNEL, POTENTIAL CONCERNS ARE REFERRED TO MANAGEMENT PERSONNEL AND RECOMMENDATIONS FOR RESOLUTIONS OF CONFLICTS ARE REFERRED TO THE CORPORATE COMPLIANCE STEERING COMMITTEE. IF A POTENTIAL OR IDENTIFIED CONFLICT OF INTEREST CANNOT BE RESOLVED BY THE AFOREMENTIONED COMMITTEE, THE MATTER WILL BE REFERRED TO THE ORGANIZATIONAL ETHICS COMMITTEE FOR ADVICE AND RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE TRUST 12,100. DONATIONS HELD BY FOUNDATION ON BEHALF OF OTHER ENTITIES 857,437. ROUNDING 7. FRANCISCAN CARE SERVICES PO BOX 29700 HONOLULU HI 96820 274348363 ADULT DAYCARE HI 501(C)(3) LINE 10 SFHS 0 OUR LADY OF KEA'AU PO BOX 29700 HONOLULU HI 96820 680613210 REL. RETREAT HI 501(C)(3) LINE 7 SFHS 0 PARTNERS IN FRANCISCAN MINISTRIES INC 960 JAMES STREET 2ND FLOOR SYRACUSE NY 13203 452279986 RELIGIOUS ORG NY 501(C)(3) LINE 1 SSFNC 0 SISTERS OF ST FRANCIS OF THE NEUMANN CO 960 JAMES STREET 2ND FLOOR SYRACUSE NY 13203 204292535 RELIGIOUS ORG NY 501(C)(3) LINE 1 N/A 0 ST FRANCIS COMMUNITY HEALTH SERVICES PO BOX 29700 HONOLULU HI 96820 990325194 HEALTHCARE HI 501(C)(3) LINE 10 SFHS 0 ST FRANCIS DEVELOPMENT CORP PO BOX 29700 HONOLULU HI 96820 203154399 SUPPORTING HI 501(C)(3) LINE 12A, I SFRCC 0 ST FRANCIS HEALTHCARE SYSTEM OF HAWAII PO BOX 29700 HONOLULU HI 96820 990240059 HEALTHCARE HI 501(C)(3) LINE 12A, I PFM 0 ST FRANCIS HOSPITALS HAWAII PO BOX 29700 HONOLULU HI 96820 272409865 INACTIVE HI 501(C)(3) LINE 10 SFHS 0 ST FRANCIS MEDICAL CENTER PO BOX 29700 HONOLULU HI 96820 990073526 HEALTHCARE HI 501(C)(3) LINE 12B, II SFHS 0 ST FRANCIS RESIDENTIAL CARE COMMUNITY PO BOX 29700 HONOLULU HI 96820 752986938 HEALTHCARE HI 501(C)(3) LINE 7 SFHS 0 ST FRANCIS KUPUNA COMMUNITIES PO BOX 29700 HONOLULU HI 96820 843134336 SUPPORTING HI 501(C)(3) LINE 12B, II SFHS 0 ST FRANCIS HEALTHCARE ENTERPRISES PO BOX 29700 HONOLULU HI 96820 990244110 HEALTHCARE HI SFHS C 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 FRANCISCAN CARE SERVICES B 200000 CASH OUR LADY OF KEA'AU B 120000 CASH ST FRANCIS HEALTHCARE SYSTEM OF HAWAII S 431184 CASH ST FRANCIS HEALTHCARE SYSTEM OF HAWAII L 480000 CASH ST FRANCIS HEALTHCARE SYSTEM OF HAWAII B 330000 CASH