Lafollette Medical Foundation Inc
- Assets
- $9.6m
- Revenue
- $512.2k
- Investments
- $9.3m
- Employees
- 0
- Location
- Jacksboro, TN
- Founding
- 04/2007
- Data as of
- 12/2023
- 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 12/2023, Lafollette Medical Foundation Inc generated $512.2k 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 (6.3%) each year. All expenses for the organization totaled $661.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lafollette Medical Foundation Inc has awarded 112 individual grants totaling $4,588,723. 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
2023
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 |
|---|---|---|---|
Stacey Wood-Heatherly President | 1 | $0 | |
Micheal E Walden Treasurer | 1 | $0 | |
Traci Chambers Secretary | 1 | $0 | |
Dr Richard Burdeaux Director | 1 | $0 | |
Wayne Kitts Director | 1 | $0 | |
Jim Farris Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,011 |
| Dividends & Interest | $183,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $288,782 |
| Capital Gain Net Income | $288,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $512,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,241 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,752 |
| Total operating and administrative expenses | $118,464 |
| Contributions, gifts, grants paid | $543,241 |
| Total expenses and disbursements | $661,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $312,286 |
| 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 | $14,708 |
| Total assets | $9,611,102 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lafollette Medical Foundation Inc has awarded $581,575 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPBELL COUNTY BOARD OF EDUCATION PURPOSE: INFLUENZA VACCINATION PROGRAM, JELLICO HIGH SCHOOL ATHLETIC PERSONAL TRAINER | $50,000 |
CAMPBELL COUNTY HEALTH COUNCIL PURPOSE: COMMUNITY HEALTH | $10,000 |
CAMPBELL COUNTY RURAL FIRE SERVICE PURPOSE: FIRE PROTECTION FOR CAMPBELL COUNTY | $25,000 |
CAMPBELL COUNTY CHILDREN'S CENTER PURPOSE: HEALTH EDUCATION/PREVENTION PROGRAM | $40,280 |
CAMPBELL COUNTY SENIOR CITIZENS PURPOSE: HOME DELIVERED MEALS FOR ELIGIBLE SENIORS | $73,500 |
CATHOLIC CHARITIES OF EAST TENNESSEE PURPOSE: PREGNANCY HELP CENTER | $24,000 |