Lafollette Medical Foundation Inc
- Assets
- $11.3m
- Revenue
- $940.4k
- Investments
- $10.7m
- Employees
- 0
- Location
- Jacksboro, TN
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-4901729
Organization Overview
Lafollette Medical Foundation Inc is located in Jacksboro, TN. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Lafollette 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 12/2021, Lafollette Medical Foundation Inc generated $940.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $813.2k during the year ending 12/2021. While expenses have increased by 3.3% per year over the past 6 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, Lafollette Medical Foundation Inc has awarded 68 individual grants totaling $2,805,111. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ORGANIZATIONS THAT PROVIDE FOR THE HEALTHCARE OF THE LAFOLLETTE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2016, THE ORGANIZATION CONTINUED TO CARRY-OUT IT'S EXEMPT MISSION BY ALLOCATING $423,825 IN GRANTS TO ORGANIZATIONS TO IMPROVE THE HEALTH AND QUALITY OF LIFE FOR PEOPLE IN THE LAFOLLETTE AREA AND IN THE COMMUNITY OF CAMPBELL COUNTY, TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Farris Director | 1 | $0 | |
Dr Debra Ayers Nelson Director | 1 | $0 | |
Mayor Mike Stanfield President | 1 | $0 | |
Traci Chambers Director | 1 | $0 | |
Dr Richard Burdeaux Director | 1 | $0 | |
Stacey Wood-Heatherly Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $53 |
| Dividends & Interest | $197,589 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $742,788 |
| Capital Gain Net Income | $742,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $38,704 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $940,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,751 |
| Total operating and administrative expenses | $130,105 |
| Contributions, gifts, grants paid | $683,056 |
| Total expenses and disbursements | $813,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $669,412 |
| 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 | $7,962 |
| Total assets | $11,327,732 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,320 |
| Total liabilities | $13,320 |
Grants Awarded
Over the last fiscal year, Lafollette Medical Foundation Inc has awarded $721,760 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGS OF LIFE RECOVERY CENTER PURPOSE: RECOVERY CENTER FOR MEN | $120,000 |
Jacksboro, TN PURPOSE: DRUG COURT PROGRAM, GENERATION X, PATIENT CARE | $79,940 |
CITY OF LAFOLLETTE FIRE DEPARTMENT PURPOSE: FIRE PROTECTION FOR THE CITY OF LAFOLLETTE | $76,055 |
CAMPBELL COUNTY SENIOR CITIZENS PURPOSE: HOME DELIVERED MEALS FOR ELIGIBLE SENIORS | $70,200 |
CAMPBELL COUNTY BOARD OF EDUCATION PURPOSE: INFLUENZA VACCINATION PROGRAM, JELLICO HIGH SCHOOL ATHLETIC PERSONAL TRAINER | $60,850 |
OPEN ARMS MINISTRY PURPOSE: FEEDING THE NEEDIEST OF CAMPBELL COUNTY | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |