Baptist Health Care Foundation Of Montgomery
- Assets
- $13.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 04/1973
- Data as of
- 06/2024
- EIN
- 23-7281996
Organization Overview
Baptist Health Care Foundation Of Montgomery is located in Montgomery, AL. The organization was established in 1973. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Care Foundation Of Montgomery 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 06/2024, Baptist Health Care Foundation Of Montgomery generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $771.7k during the year ending 06/2024. While expenses have increased by 6.8% per year over the past 8 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 2017, Baptist Health Care Foundation Of Montgomery has awarded 20 individual grants totaling $4,157,286. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST HEALTH CARE FOUNDATION DEVELOPS FINANCIAL RESOURCES TO SUPPORT BAPTIST HEALTH'S MINISTRY IN PROVIDING THE BEST QUALITY HEALTHCARE SERVICES AND PROGRAMS TO THE PEOPLE OF CENTRAL ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEONATAL INTENSIVE CARE UNIT PROJECT PROVIDED CAPITAL FOR THE EXPANSION OF THE NICU AT BAPTIST SOUTH. PURCHASES INCLUDED A NXTGEN TRANSPORT INCUBATOR, ULTRASOUND EQUIPMENT, TWO EEG'S AND OTHER ITEMS.
PROVIDE OPERATING/CAPITAL GRANTS TO BAPTIST HEALTH ENTITIES.EXAMPLES ARE GRANTS TO THE NEONATAL UNIT, HOSPICE FUND, AND PATIENT ASSISTANCE PROGRAM. THE FOUNDATION FURTHERS THE TAX EXEMPT PURPOSE OF BAPTIST HEALTH.
THE TEAM MEMBER EMERGENCY ASSISTANCE FUND EXISTS TO SUPPORT BAPTIST HEALTH TEAM MEMBERS WITH EMERGENCY ASSISTANCE FOR FOOD, HOUSING, UTILITIES AND MEDICAL EXPENSES.
THE SCHOLARSHIP PROGRAM SUPPORTS BAPTIST HEALTH TEAM MEMBERS, THEIR FAMILIES AND THE GENERAL PUBLIC WITH SCHOLARSHIPS FOR HIGHER EDUCATION. SCHOLARSHIPS ARE AWARDED IN THE AREAS OF ALLIED HEALTH, NURSING, MEDICINE AND OTHER GENERAL FIELDS OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Curtis Chair | Trustee | 0.5 | $0 |
Samarria Dunson Vice Chair | Trustee | 0.5 | $0 |
Delbert Madison Secretary/treasurer | Trustee | 0.5 | $0 |
Alex Bumpers Board Member | Trustee | 0.5 | $0 |
Kemba Chambers Board Member | Trustee | 0.5 | $0 |
Craig Clement Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $225,347 |
| Related organizations | $0 |
| Government grants | $76,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $668,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,239 |
| Total Program Service Revenue | $0 |
| Investment income | $309,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$55,582 |
| Net Gain/Loss on Asset Sales | $32,544 |
| Net Income from Fundraising Events | -$67,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,189,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $581,058 |
| Grants and other assistance to domestic individuals. | $156,479 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $5,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $771,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $2,807,717 |
| Investments—publicly traded securities | $11,404,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$282,155 |
| Total assets | $13,929,838 |
| Accounts payable and accrued expenses | $10,597 |
| 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 | $0 |
| Total liabilities | $10,597 |
| Net assets without donor restrictions | $1,545,398 |
| Net assets with donor restrictions | $12,373,843 |
| 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 | $13,929,838 |
Grants Awarded
Over the last fiscal year, Baptist Health Care Foundation Of Montgomery has awarded $581,058 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTH CARE AUTHORITY FOR BAPTIST HEALTH PURPOSE: OPERATIONAL FUNDS & CAPITAL FUNDS | $436,165 |
LIFE ON WHEELS PURPOSE: OPERATIONAL FUNDS | $19,893 |
MEDICAL OUTREACH MINISTRIES PURPOSE: OPERATIONAL FUNDS | $125,000 |