Baptist Health Foundation
- Assets
- $35.9m
- Revenue
- $3.8m
- Investments
- $33.7m
- Employees
- 11
- Location
- Little Rock, AR
- Founding
- 03/1972
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Baptist Health Foundation generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Baptist Health Foundation has awarded 28 individual grants totaling $43,074,501. 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 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:
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 |
|---|---|---|---|
Troy Wells Trustee | Trustee | 0.17 | $0 |
Blake Phillips MD Trustee | Trustee | 0.03 | $0 |
Brent Beaulieu Treasurer | OfficerTrustee | 0.17 | $0 |
Lena Hayes Chief Development Officer | Officer | 40 | $222,134 |
Matt Jones Chair | OfficerTrustee | 0.16 | $0 |
Cathy Owen Trustee | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,234,962 |
| Related organizations | $0 |
| Government grants | $58,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,119,858 |
| Noncash contributions included in lines 1a–1f | $77,919 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,412,870 |
| Total Program Service Revenue | $0 |
| Investment income | $868,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,791 |
| Net Income from Fundraising Events | -$401,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,829,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $953,062 |
| Grants and other assistance to domestic individuals. | $360,816 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $251,741 |
| Compensation of current officers, directors, key employees. | $251,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,405 |
| Pension plan accruals and contributions | $42,457 |
| Other employee benefits | $59,983 |
| Payroll taxes | $52,657 |
| 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 | $164,313 |
| Advertising and promotion | $24,814 |
| Office expenses | $18,555 |
| Information technology | $53,792 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,071 |
| Insurance | $28,882 |
| All other expenses | $0 |
| Total functional expenses | $2,679,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,188 |
| Pledges and grants receivable | $1,696,656 |
| 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 | $94,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,729,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,656 |
| Total assets | $35,899,943 |
| Accounts payable and accrued expenses | $219,596 |
| 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 | $1,594,689 |
| Total liabilities | $1,814,285 |
| Net assets without donor restrictions | $14,694,744 |
| Net assets with donor restrictions | $19,390,914 |
| 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 | $35,899,943 |
Grants Awarded
Over the last fiscal year, Baptist Health Foundation has awarded $953,062 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH PURPOSE: EXEMPT PURPOSE | $621,305 |
PARKWAY VILLAGE PURPOSE: EXEMPT PURPOSE | $17,190 |
BAPTIST HEALTH HOSPITALS PURPOSE: EXEMPT PURPOSE | $121,349 |
BAPTIST HEALTH REGIONAL HOSPITALS PURPOSE: EXEMPT PURPOSE | $19,497 |
COMPLETE HEALTH WITH PACE PURPOSE: EXEMPT PURPOSE | $130,000 |
CONWAY COMMUNITY SERVICES PURPOSE: EXEMPT PURPOSE | $43,721 |