Overview
What is Commonspirit Health Operating Investment Pool Llc?
Commonspirit Health Operating Investment Pool Llc is a holding entity that manages and invests the operating capital for Commonspirit Health, a Colorado nonprofit corporation, and several of its related entities. By pooling their resources, they aim to increase operational efficiencies, decrease costs, and gain access to sophisticated institutional asset managers. This nonprofit organization, under the umbrella of Catholic Health Care Federation and the Church, operates with religious and healthcare purposes as described in Section 501(C)(3) of the Code and is classified as a public charity under 509(A) of the Code. The organization's mission is to steward and grow the capital through the Operating Pool, enabling Commonspirit and its subsidiaries to effectively carry out their objectives.
What are the reviews and ratings of this charity?
Commonspirit Health Operating Investment Pool LLC currently does not have a rating from Charity Navigator. The organization's absence of a rating is not inherently positive or negative, but instead indicates that it lacks the necessary data to be fully assessed under Charity Navigator's updated criteria, particularly in areas of Impact & Measurement, and Culture & Community.
The data available for Commonspirit highlights the compensation of its highest-paid executives, which reflects a significant financial commitment towards its leadership team, with Daniel J. Morissette, CPA, as the top earner. This transparency in financial disclosures is part of the Accountability and Finance evaluation, though further consecutive fiscal records are needed for a comprehensive rating.
Without user reviews from GreatNonprofits, the wider public feedback on the operational effectiveness and impact of Commonspirit Health Operating Investment Pool LLC remains unexplored. The organization should aim to provide fuller datasets to enrich its visibility into impact metrics and community engagement strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Commonspirit Health Operating Investment Pool Llc legitimate?
Commonspirit Health Operating Investment Pool Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonspirit Health Operating Investment Pool Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Commonspirit Health Operating Investment Pool Llc?
Commonspirit Health Operating Investment Pool, LLC serves as the financial arm for Commonspirit Health and several of its related entities. This nonprofit organization is dedicated to managing the operating capital for Commonspirit Health, a Colorado-based corporation, and its affiliated entities. These entities collectively pursue religious and healthcare objectives in accordance with Section 501(c)(3) of the Internal Revenue Code and are recognized as public charities under Section 509(a) of the Code. The Commonspirit Health Operating Investment Pool indirectly or directly controls various subsidiaries, joint operating companies, or congregations of religious who were the founding sponsors of hospitals within the corporate family, all operating with consistency to the purposes of Catholic Health Care Federation.
Who is the CEO of Commonspirit Health Operating Investment Pool Llc?
Lisa Zuckerman is the Principal Officer of Commonspirit Health Operating Investment Pool Llc.
What is the revenue of Commonspirit Health Operating Investment Pool Llc?
Commonspirit Health Operating Investment Pool Llc's revenue in 2022 was $921,229,161.
Who are the executives of Commonspirit Health Operating Investment Pool Llc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $4,395,351
- Other: $563,544
- Compensation: $0
- Related: $1,669,964
- Other: $149,397
Where can I find the form 990 for Commonspirit Health Operating Investment Pool Llc?
Commonspirit Health Operating Investment Pool Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commonspirit Health Operating Investment Pool Llc
Commonspirit Health Operating Investment Pool, LLC (CSH OIP) serves as the financial backbone of Commonspirit Health, a Colorado-based nonprofit corporation, and numerous related entities. This organization holds and manages the operating capital for this extensive network, enabling them to carry out the religious and healthcare purposes of Catholic Health Care Federation in accordance with Section 501(c)(3) of the Code. As public charities under 509(a) of the Code, CSH OIP's activities are directly or indirectly controlled by Commonspirit and its affiliated subsidiaries, joint operating companies, or founding religious sponsors of various hospitals within the corporate family.
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Impact
October, 2024
Commonspirit Health Operating Investment Pool LLC plays a crucial role in managing and investing the operational capital for Commonspirit Health and its affiliated entities. By pooling the operating funds, the organization enhances operational efficiencies and reduces costs through economies of scale. This strategic management allows for access to sophisticated institutional asset managers who can effectively steward and grow the capital.
The significant funds held within this investment pool are essential to the day-to-day operations of Commonspirit Health and its subsidiaries, enabling them to fulfill their healthcare missions and objectives. In essence, the pool strengthens financial stability, ensuring that resources are available to support high-quality healthcare services aligned with the broader goals of the Catholic Health Care Federation. By focusing on smart investment and capital management, Commonspirit Health Operating Investment Pool LLC empowers the healthcare system to continue delivering on its commitments to the communities it serves.
This information is meant to be a general summary of Commonspirit Health Operating Investment Pool Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $921,229,161
- Gross Receipts: $10,300,348,132
Assets and Liabilities:
- Total Assets: $15,205,466,340
- Total Liabilities: $694,364,551
- Net Assets: $14,511,101,789
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Organization Details
Founding Year
2020
Phone
(415) 438-5500Principal Officer
Lisa Zuckerman
Main Address
185 BERRY STREET SUITE 200, SAN FRANCISCO, CA, 94107
NTEE Category
Code: X22 - Religion related
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