Tennessee Health Foundation Inc
- Assets
- $235.1m
- Revenue
- $5.0m
- Investments
- $231.8m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 20-0298456
Organization Overview
Tennessee Health Foundation Inc is located in Chattanooga, TN. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Health 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 12/2022, Tennessee Health Foundation Inc generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tennessee Health Foundation Inc has awarded 679 individual grants totaling $55,790,131. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE BLUECROSS BLUESHIELD OF TENNESSEE HEALTH FOUNDATION INVESTMENT FOCUS IN 2022 IS THE BLUECROSS HEALTHY PLACE SIGNATURE PROGRAM. THE PROGRAM REQUESTS PROPOSALS FROM COMMUNITIES OF ALL SIZES THROUGHOUT TENNESSEE FOR COMMUNITY PROJECTS THAT WILL BRING CONNECTION AND OPPORTUNITIES FOR ACTIVITY TO THEIR TOWN, COMMUNITY, CITY, ETC. THIS PROGRAM IS ALLOCATED APPROXIMATELY $11.2M RESULTING IN THIS TRULY BEING A SIGNATURE PROGRAM SUPPORT WITH FUNDS AND RESOURCES.
OTHER FUNDS ARE DISTRIBUTED THROUGHOUT THE YEAR/STATE FOR GRANTS SUPPORTING EVENTS OF COMMUNITY NON-PROFITS FOCUSED ON EDUCATION, DIVERSITY AND INCLUSION EFFORTS, DISEASE MANAGEMENT AND CHARITABLE CARE/CLINICS (APPROXIMATELY $2.2M).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wilson VP Corporate Com. - Term. 11/14/2022 | 20 | $0 | |
Chelsea Johnson Director | 20 | $0 | |
James Hobbs Assistant Secretary | 1 | $0 | |
Dennis Culver Treasurer/cro - Term. 9/5/2022 | 1 | $0 | |
Darrell S Freeman Board Member - Term. 6/28/2022 | 1 | $0 | |
Marty G Dickens Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76,358 |
| Dividends & Interest | $1,581,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,377,790 |
| Capital Gain Net Income | $4,409,538 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,035,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $257,096 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,849,747 |
| Total operating and administrative expenses | $10,788,683 |
| Contributions, gifts, grants paid | $3,620,736 |
| Total expenses and disbursements | $14,409,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,564 |
| Savings and temporary cash investments | $3,330,232 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $29,716 |
| Total assets | $235,127,572 |
| Accounts payable and accrued expenses | $181,717 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$5,993 |
| Total liabilities | $175,724 |
Grants Awarded
Over the last fiscal year, Tennessee Health Foundation Inc has awarded $3,630,736 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION PURPOSE: 2:1 MATCH OF MR. HILLIARD'S $2,000 GIFT | $4,000 |
AMERICAN RED CROSS PURPOSE: 2023 MS TORNADOES; MEMPHIS FIRE SUPPORT 2023; HURRICANE IAN AND MEMPHIS ICE STORM 2022 | $50,000 |
BOYS & GIRLS CLUBS OF GREATER MEMPHIS PURPOSE: 2:1 MATCH OF MR. MOORE'S $2,500 GIFT | $5,000 |
CHAMBLISS CENTER FOR CHILDREN PURPOSE: TEAMBLUE PROGRAM FUNDS | $303 |
CHATTANOOGA AREA FOOD BANK PURPOSE: 2:1 MATCH OF MR. MCCALLIE'S $2,000 GIFT | $5,500 |
CHATTANOOGA COMMUNITY KITCHEN PURPOSE: HOMELESS SUPPORT 2022 - CHATTANOOGA | $10,000 |