Williamson Medical Foundation Inc
- Assets
- $6.0m
- Revenue
- $3.4m
- Investments
- $2.3m
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 05/2003
- Data as of
- 06/2022
- EIN
- 04-3717044
Organization Overview
Williamson Medical Foundation Inc is located in Franklin, TN. The organization was established in 2003. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamson Medical Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Williamson Medical Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Williamson Medical Foundation Inc has awarded 18 individual grants totaling $8,118,214. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WILLIAMSON MEDICAL CENTER FOUNDATION INC. IS TO SERVE AS A CHARITABLE AND DEVELOPMENT ARM TO SUPPORT WILLIAMSON MEDICAL CENTER IN PROVIDING HEALTH CARE SERVICES. TO FUND CAPITAL PROJECTS AND HEALTH OUTREACH PROGRAMS OF WILLIAMSON MEDICAL CENTER, THE FOUNDATION SEEKS CHARITABLE GIFTS OF ALL TYPES, RESTRICTED AND UNRESTRICTED.DONATIONS TO WILLIAMSON MEDICAL CENTER FOUNDATION SUPPORT PROGRAMS AND SERVICES THAT FALL OUTSIDE THE NORMAL STRUCTURE OF HOSPITAL OPERATING EXPENDITURES.GIFTS MAY BE MADE TO HONOR OR MEMORIALIZE SOMEONE, ESTABLISH OR SUPPORT A PARTICULAR FUND, PURCHASE NEW EQUIPMENT OR EXPAND OR BUILD NEW AREAS.CONTRIBUTIONS MAY COME IN MANY FORMS, INCLUDING CASH, SECURITIES, REAL ESTATE, PERSONAL PROPERTY, LIFE INSURANCE, AND WILLS AND BEQUESTS. GIFTS MAY BE SMALL OR LARGE, ANONYMOUS OR RECOGNIZED, ONE-TIME OR PLANNED OVER TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASED FURNTIURE, EQUIPMENT, AND EDUCATIONAL RESOURCE MATERIALS TO BENEFIT WILLIAMSON MEDICAL CENTER.
PROVIDED SCHOLARSHIPS FOR STUDENTS ENROLLED IN HEALTHCARE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamey Parker Chairman | OfficerTrustee | 8 | $0 |
Larry Westbrook Treasurer | OfficerTrustee | 0.3 | $0 |
Vicki Mcnamara Vice Chair | OfficerTrustee | 0.3 | $0 |
Phillip Mazzuca Secretary | OfficerTrustee | 0.3 | $0 |
Don Webb Secretary | OfficerTrustee | 0.3 | $0 |
R Steve Smith Executive Director | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,254,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,254,107 |
| Total Program Service Revenue | $0 |
| Investment income | $32,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $95,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,381,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,355,235 |
| Grants and other assistance to domestic individuals. | $89,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,079 |
| Advertising and promotion | $0 |
| Office expenses | $80 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,603,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,809 |
| Savings and temporary cash investments | $69,517 |
| Pledges and grants receivable | $2,581,390 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $323,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,340,295 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,969,211 |
| Accounts payable and accrued expenses | $1,003,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,003,628 |
| Net assets without donor restrictions | $4,965,583 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,969,211 |
Grants Awarded
Over the last fiscal year, Williamson Medical Foundation Inc has awarded $1,252,175 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILLIAMSON MEDICAL CENTER PURPOSE: REIMBURSE EDUCATION EXPENSES | $1,001,303 |
WILLIAMSON MEDICAL CENTER PURPOSE: PURCHASE EQUIPMENT | $250,872 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Williamson Medical Foundation Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |