Baptist Health Foundation
- Assets
- $38.8m
- Revenue
- $3.0m
- Investments
- $36.2m
- Employees
- 11
- Location
- Little Rock, AR
- Founding
- 03/1972
- Data as of
- 12/2020
- EIN
- 23-7169407
Organization Overview
Baptist Health Foundation is located in Little Rock, AR. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Baptist Health Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Foundation 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, Baptist Health Foundation generated $3.0m 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 (6.2%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Baptist Health Foundation has awarded 20 individual grants totaling $41,508,725. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS,& SERVICES TO BAPTIST HEALTH AND OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR SCIENTIFIC, LITERARY, & EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS, AND SERVICES TO BAPTIST HEALTH HOSPITALS & OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lena Moore Chief Development Officer | Officer | 40 | $232,477 |
Brent Beaulieu Treasurer | OfficerTrustee | 0.09 | $0 |
Matt Jones Vice Chairman | OfficerTrustee | 0.12 | $0 |
Cathy Owen Chairman | OfficerTrustee | 0.12 | $0 |
Tim Mcmennamy Secretary | OfficerTrustee | 0.21 | $0 |
Troy Wells Trustee | Trustee | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $657,010 |
| Related organizations | $0 |
| Government grants | $27,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,662,543 |
| Noncash contributions included in lines 1a–1f | $81,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,347,090 |
| Total Program Service Revenue | $0 |
| Investment income | $465,340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,331 |
| Net Income from Fundraising Events | -$107,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,963,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $613,889 |
| Grants and other assistance to domestic individuals. | $402,505 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,094 |
| Compensation of current officers, directors, key employees. | $200,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $696,095 |
| Pension plan accruals and contributions | $35,441 |
| Other employee benefits | $62,464 |
| Payroll taxes | $77,813 |
| 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 | $98,622 |
| Advertising and promotion | $56,295 |
| Office expenses | $132,173 |
| Information technology | $37,859 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,817 |
| Insurance | $36,760 |
| All other expenses | $23,337 |
| Total functional expenses | $2,799,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,959 |
| Savings and temporary cash investments | $83,886 |
| Pledges and grants receivable | $1,995,239 |
| 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 | $273,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $36,167,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $234,397 |
| Total assets | $38,756,462 |
| Accounts payable and accrued expenses | $514,903 |
| 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 | $2,580,691 |
| Total liabilities | $3,095,594 |
| Net assets without donor restrictions | $18,133,007 |
| Net assets with donor restrictions | $17,527,861 |
| 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 | $38,756,462 |
Grants Awarded
Over the last fiscal year, Baptist Health Foundation has awarded $2,320,381 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Little Rock, AR PURPOSE: EXEMPT PURPOSE | $2,257,941 |
Little Rock, AR PURPOSE: EXEMPT PURPOSE | $29,032 |
Little Rock, AR PURPOSE: EXEMPT PURPOSE | $25,779 |
Little Rock, AR PURPOSE: EXEMPT PURPOSE | $7,629 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Baptist Health Foundation has recieved totaling $738,165.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $228,902 |
Albert H & Jane D Nahmad Foundation Inc Miami, FL PURPOSE: GENERAL OPERATIONS | $125,000 |
Heflin Family Foundation Tr Ua 10-18-96 Little Rock, AR PURPOSE: HEALTH & EDUCAT | $53,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
Schmieding Foundation Term Springdale, AR PURPOSE: VARIOUS | $36,000 |
Coulson Foundation Little Rock, AR PURPOSE: UNRESTRICTED | $35,000 |
Endowment Analysis
| Beg. Balance | $8,671,841 |
| Earnings | $439,606 |
| Net Contributions | $120,267 |
| Grants | $351,674 |
| Ending Balance | $8,880,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
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 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |