Baptist Hospitals Foundation Inc
- Assets
- $8.6m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Louisville, KY
- Founding
- 03/1985
- Data as of
- 08/2023
- EIN
- 31-1122867
Organization Overview
Baptist Hospitals Foundation Inc is located in Louisville, KY. The organization was established in 1985. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 08/2023, Baptist Hospitals Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Hospitals 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 08/2023, Baptist Hospitals Foundation Inc generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.9% each year . All expenses for the organization totaled $2.4m during the year ending 08/2023. While expenses have increased by 33.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN INSTRUMENT TO ASSIST, ADVANCE AND STRENGTHEN BAPTIST HEALTHCARE SYSTEM, INC. IN THEIR MINISTRY OF HEALING, IN THEIR SERVICE AS A HEALTH CENTER FOR THEIR COMMUNITIES, AND IN ALL RELATED HEALTH AND HUMANITARIAN ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEALTHCARE FOUNDATION, INC., IS ORGANIZED AND OPERATED TO BENEFIT BAPTIST HEALTHCARE SYSTEM, INC., THE LARGEST NOT-FOR-PROFIT HEALTH SYSTEM IN KENTUCKY IN THEIR MINISTRY OF HEALING AND SERVICE. THE FOUNDATION BUILDS ON THE BAPTIST HEALTH HERITAGE OF LEADERSHIP, HEALING, SERVICE AND COMMITMENT BY FOSTERING PARTNERSHIPS TO ASSIST, ADVANCE AND STRENGTHEN THE EXCEPTIONAL MEDICAL CARE AT OUR HOSPITALS AND THROUGHOUT THE DIVERSE COMMUNITIES WE SERVE. AMOUNTS PAID TO BAPTIST HEALTHCARE FOUNDATION ARE USED TO SUPPORT PATIENT CARE AND CAPITAL NEEDS AT OUR EIGHT MEMBER HOSPITALS. ALL BAPTIST HEALTH FACILITIES PROVIDE MEDICALLY NECESSARY CARE TO ALL PATIENTS REGARDLESS OF RACE, RELIGION, SEX, NATIONAL ORIGIN, DISABILITY, AGE OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Colman President & Director | OfficerTrustee | 1 | $0 |
Alan Rudd Chair & Director | OfficerTrustee | 1 | $0 |
Victoria Buster Vice Chair & Director | OfficerTrustee | 1 | $0 |
R Christion Hutson Director | Trustee | 1 | $0 |
James Rickard Director (through 12/31/22) | Trustee | 1 | $0 |
Janet M Norton Vice President & Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,215,917 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,570,833 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,786,750 |
| Total Program Service Revenue | $0 |
| Investment income | $12,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,786,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,984 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,279,419 |
| Pension plan accruals and contributions | $33,730 |
| Other employee benefits | $127,390 |
| Payroll taxes | $90,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,950 |
| Fees for services: Investment Management | $3,176 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,157 |
| Office expenses | $59,641 |
| Information technology | $164,032 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $117,469 |
| 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 | $1,927 |
| Total functional expenses | $2,375,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $188,398 |
| Pledges and grants receivable | $977,509 |
| 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 | $0 |
| Investments—publicly traded securities | $2,371,800 |
| Investments—other securities | $0 |
| Investments—program-related | $33,781 |
| Intangible assets | $0 |
| Other assets | $5,000,000 |
| Total assets | $8,571,488 |
| Accounts payable and accrued expenses | $7,740 |
| 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 | $91,296 |
| Total liabilities | $99,036 |
| Net assets without donor restrictions | $6,102,309 |
| Net assets with donor restrictions | $2,370,143 |
| 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 | $8,571,488 |