Floyd Memorial Foundation Inc
- Assets
- $21.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 07/1978
- Data as of
- 12/2021
- 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 12/2021, Floyd Memorial Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $788.1k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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, Floyd Memorial Foundation Inc has awarded 41 individual grants totaling $2,217,977. 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
2021
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 USES FUNDS TO HELP HOSPITAL EMPLOYEES EXPERIENCING PERSONAL HARDSHIP.
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 Vice Chairman | Trustee | 2 | $0 |
Jake Archibald Board Member | Trustee | 2 | $0 |
Joe Dablow Treasurer | Trustee | 2 | $0 |
Dayna Ashley Chairwoman | Trustee | 2 | $0 |
Dr Phillip Johnson Board Member | Trustee | 2 | $0 |
Edsel S Reed Jr MD Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,857 |
| Total Program Service Revenue | $0 |
| Investment income | $372,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $696,164 |
| Net Income from Fundraising Events | $56,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,387,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $523,380 |
| Grants and other assistance to domestic individuals. | $11,280 |
| 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 | $247 |
| Fees for services: Accounting | $2,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,928 |
| Fees for services: Other | $28,004 |
| Advertising and promotion | $44,589 |
| Office expenses | $21,252 |
| Information technology | $5,326 |
| Royalties | $0 |
| Occupancy | $6,709 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,742 |
| All other expenses | $0 |
| Total functional expenses | $788,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,271,171 |
| 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 | $5,915 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,818,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,375 |
| Total assets | $21,158,210 |
| Accounts payable and accrued expenses | $18,922 |
| Grants payable | $587,309 |
| 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 | $606,231 |
| Net assets without donor restrictions | $19,888,367 |
| Net assets with donor restrictions | $663,612 |
| 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 | $21,158,210 |
Grants Awarded
Over the last fiscal year, Floyd Memorial Foundation Inc has awarded $513,380 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: MEDICAL EQUIPMENT, TECHNOLOGY, RESOURCES | $373,331 |
New Albany, IN PURPOSE: CREATE AND IMPLEMENT SURVEY FOR HIGHSCHOOL STUDENTS IN 4 COUNTIES TO HELP PREVENT ADDICTION | $30,049 |
Jeffersonville, IN PURPOSE: OPERATIONAL EXPENSES INCLUDING WOMEN'S PROVIDER AND PPE SUPPLIES | $28,000 |
New Albany, IN PURPOSE: OPERATIONS, COURT COSTS AND VOLUNTEER TRAINING | $25,000 |
New Albany, IN PURPOSE: FINANCIAL ASSISTANCE FOR FAMILIES DISPLACED/AFFECTED BY COVID | $20,000 |
Louisville, KY PURPOSE: FORENSIC INTERVIEWS, MEDICAL EVALUATIONS, MENTAL HEALTH SERVICES AND FAMILY ADVOCATE SERVICES | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Floyd Memorial Foundation Inc has recieved totaling $42,430.
| Awarding Organization | Amount |
|---|---|
Whas Crusade For Children Inc Louisville, KY PURPOSE: $42,000.00 FOR ITEMS 1, 2 AND 3 - NEONATAL ZOLL DEFIBRILLATOR, ONE GIRAFFE OMNIBED CARESTATION, ONE GIRAFFE ISOLETTE BED. NO FUNDING ALLOWED FOR THE MEDICAL GRADE REFRIGERATOR/FREEZER. | $42,000 |
Baird Foundation Inc Milwaukee, WI PURPOSE: HEALTH AND HUMAN SERVICES | $314 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Endowment Analysis
| Beg. Balance | $670,861 |
| Net Contributions | $150,144 |
| Other Expense | $66,533 |
| Ending Balance | $754,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |