Tennessee Health Foundation Inc
- Assets
- $243.1m
- Revenue
- $3.3m
- Investments
- $240.1m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 12/2003
- Data as of
- 12/2020
- 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 12/2020, Tennessee Health Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tennessee Health Foundation Inc has awarded 629 individual grants totaling $52,159,395. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLUECROSS BLUESHIELD OF TENNESSEE HEALTH FOUNDATION INVESTMENT FOCUS IN 2021 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 $10M RESULTING IN THIS TRULY BEING A SIGNATURE PROGRAM SUPPORT WITH FUNDS AND RESOURCES.
THE BLUECROSS BLUESHIELD OF TENNESSEE HEALTH FOUNDATION DISTRIBUTED FUNDS THROUGHOUT THE STATE FOR COVID-19 RELIEF EFFORTS (APPROXIMATELY $4M).
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 $2M).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wilson VP Corporate Communications | 20 | $0 | |
Chelsea Johnson Director | 20 | $0 | |
Darrell S Freeman Board Member | 1 | $0 | |
James Hobbs Assistant Secretary | 1 | $0 | |
Marty G Dickens Chairperson | 1 | $0 | |
Reginald W Coopwood Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,377 |
| Dividends & Interest | $2,139,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,078,729 |
| Capital Gain Net Income | $1,368,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,261,329 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,873 |
| Taxes | $84,203 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,048,830 |
| Total operating and administrative expenses | $10,078,475 |
| Contributions, gifts, grants paid | $7,500,219 |
| Total expenses and disbursements | $17,578,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,037 |
| Savings and temporary cash investments | $2,717,060 |
| 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 | $54,072 |
| Total assets | $243,056,353 |
| Accounts payable and accrued expenses | $321,498 |
| 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 | $63,259 |
| Total liabilities | $384,757 |
Grants Awarded
Over the last fiscal year, Tennessee Health Foundation Inc has awarded $5,769,670 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
EAST TN ST UNIV FOUNDATION PURPOSE: TO ESTABLISH THE BLUECROSS BLUESHIELD OF TENNESSEE FOUNDATION COMPUTING SCHOLARSHIP FUND | $600,000 |
FIRST TN DEV DISTRICT FOUNDATION PURPOSE: COVID-19 VACCINE CAMPAIGN GRANT | $541,700 |
Chattanooga, TN PURPOSE: SMARTCITY VENTURE FUND FOR STUDENT CONNECTIVITY PROJECT | $500,000 |
Nashville, TN PURPOSE: 2020 YEAR END GIFT | $450,000 |
Memphis, TN PURPOSE: CONTRIBUTION | $450,000 |
Chattanooga, TN PURPOSE: COVID-19 VACCINE EDUCATION & MESSAGING FUND | $401,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |