Floyd Memorial Foundation Inc
- Assets
- $17.9m
- Revenue
- $859.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 31-0933781
Organization Overview
Floyd Memorial Foundation Inc is located in New Albany, IN. The organization was established in 1978. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Floyd Memorial 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 12/2022, Floyd Memorial Foundation Inc generated $859.6k 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 (20.7%) each year. All expenses for the organization totaled $765.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Floyd Memorial Foundation Inc has awarded 77 individual grants totaling $3,343,453. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PHILANTHROPIC SUPPORT TO BAPTIST HEALTH FLOYD HOSPITAL TO ENHANCE THE QUALITY OF HEALTH OF THE COMMUNITY THROUGH HEALTHIER COMMUNITY INITIATIVE PROGRAMS, SCHOLARSHIPS, AND SUPPORT OF OTHER HOSPITAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FINANCIALLY SUPPORTS THE HOSPITAL BY FUNDING VARIOUS PROGRAMS RELATED TO THE HOSPITAL'S EXEMPT PURPOSE, INCLUDING FUNDS FOR HCI, EDUCATIONAL PROGRAMS, MEDICAL RESOURCES, TECHNOLOGY AND HEALTH SCREENINGS WHICH ARE PROVIDED TO THE COMMUNITY TO PROMOTE WELLNESS AND A HEALTHIER LIFESTYLE.
THE FOUNDATION FINANCIALLY SUPPORTS THE HOSPITAL BY FUNDING VARIOUS PROGRAMS RELATED TO THE HOSPITAL'S EXEMPT PURPOSE, INCLUDING FUNDS FOR HCI, EDUCATIONAL PROGRAMS, MEDICAL RESOURCES, TECHNOLOGY AND HEALTH SCREENINGS WHICH ARE PROVIDED TO THE COMMUNITY TO PROMOTE WELLNESS AND A HEALTHIER LIFESTYLE.
THE FOUNDATION USES FUNDS TO HELP HOSPITAL EMPLOYEES EXPERIENCING PERSONAL HARDSHIP.
THE FOUNDATION USES FUNDS TO HELP HOSPITAL EMPLOYEES EXPERIENCING PERSONAL HARDSHIP.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO HOSPITAL EMPLOYEES PURSUING CAREERS IN HEALTHCARE.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO HOSPITAL EMPLOYEES PURSUING CAREERS IN HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Smith Secretary | Trustee | 1 | $0 |
Jake Archibald Board Member | Trustee | 1 | $0 |
Joe Dablow Treasurer | Trustee | 1 | $0 |
Dayna Ashley Board Member | Trustee | 1 | $0 |
Michael Schroyer President | Trustee | 1 | $0 |
Amber Banet Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,383 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $359,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,137 |
| Total Program Service Revenue | $0 |
| Investment income | $163,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $245,304 |
| Net Income from Fundraising Events | $18,302 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $859,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $550,120 |
| Grants and other assistance to domestic individuals. | $10,369 |
| 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 | $383 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,120 |
| Fees for services: Other | $18,336 |
| Advertising and promotion | $14,200 |
| Office expenses | $9,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,671 |
| Travel | $2,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,059 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,503 |
| All other expenses | $0 |
| Total functional expenses | $765,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,663,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,761 |
| 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 | $6,155 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,168,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,380 |
| Total assets | $17,885,178 |
| Accounts payable and accrued expenses | $2,194 |
| Grants payable | $529,770 |
| 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 | $531,964 |
| Net assets without donor restrictions | $16,710,769 |
| Net assets with donor restrictions | $642,445 |
| 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 | $17,885,178 |
Grants Awarded
Over the last fiscal year, Floyd Memorial Foundation Inc has awarded $1,125,476 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA PURPOSE: SUPPORT FOR STAFF & PEER LEADER TRAINING & COVER COSTS TO OFFER COOMPLIMENTARY MOOD LIFTERS PROGRAM | $7,470 |
VULNERABLE ADULT CARE ADVOCATES PURPOSE: OPERATIONS, COURT COSTS AND VOLUNTEER TRAINING | $30,000 |
THE BREAKAWAY PURPOSE: PURCHASE SITE RECOVERY DYNAMICS PROGRAM LICENSE AND PROGRAM SUPPLIES AND MATERIALS, "LIFE RECOVERY BIBLE" & "AA BIG BOOK DICTIONARY" FOR RESIDENTS; PURCHASE DRUG TESTING CUPS | $11,000 |
NEW ROOTS INC PURPOSE: PROVIDE MATCHED FUNDING FOR THE SNAP BENEFITS PROGRAM AND THE NEW ALBANY FRESH STOP MARKET TO PAY FARMERS FAIR WAGES | $10,000 |
PERSONAL COUNSELING SERVICES PURPOSE: FREE COUNSELING SERVICES | $15,000 |
LET US LEARN PURPOSE: CONTINUE TO PROVIDE FUNDING FOR VEGGIE RESCUE MARKETING, MARKET GARDEN AND STAFFING TO PROMOTE FOOD SECURITY AMONG DISADVANTAGED COMMUNITY MEMBERS. | $16,000 |