Trinity Health Foundation Of East Tennessee
- Assets
- $35.0m
- Revenue
- $3.2m
- Investments
- $34.1m
- Employees
- 2
- Location
- Knoxville, TN
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-3263428
Organization Overview
Trinity Health Foundation Of East Tennessee is located in Knoxville, TN. The organization was established in 2012. 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 12/2021, Trinity Health Foundation Of East Tennessee employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Health Foundation Of East Tennessee 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, Trinity Health Foundation Of East Tennessee generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trinity Health Foundation Of East Tennessee has awarded 154 individual grants totaling $7,649,058. 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
TRINITY HEALTH FOUNDATION OF EAST TENNESSEE EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO PROVIDE SCHOLARSHIP ASSISTANCE TO 3 NURSING AND MED TECH STUDENTS TO ATTEND LINCOLN MEMORIAL UNIVERSITY OR CARSON NEWMAN UNIVERSITY.
PROVIDED ASSISTANCE TO 21 AREA MEDICAL CENTERS TO PROVIDE SCHOLARSHIPS FOR CONTINUING EDUCATION FOR HEALTHCARE PROFESSIONALS.
HEALTH INITIATIVES PROGRAM PROVIDED 20 PLANNING GRANTS AND 9 IMPLEMENTATION GRANTS TO PROMOTE ACCESS TO PREVENTATIVE CARE, HEALTHY LIFE CHOICES, MENTAL HEALTH AND ADDICTION RECOVERY, AND FAMILY STRENGTHENING.
GENERAL SUPPORT OF THE SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION, THROUGH ADMINISTRATIVE FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Denovo Vice-Chair | OfficerTrustee | 2 | $0 |
Jennifer Little Secretary | OfficerTrustee | 2 | $0 |
Becky Little Chair | OfficerTrustee | 2 | $0 |
Twuanna Munroe Ward Treasurer | OfficerTrustee | 2 | $0 |
Lee Martin President | Officer | 5 | $0 |
Michael Dillon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,040 |
| Total Program Service Revenue | $0 |
| Investment income | $1,152,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,772,793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,179,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,145,772 |
| Grants and other assistance to domestic individuals. | $107,500 |
| 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 | $92,970 |
| Pension plan accruals and contributions | $1,571 |
| Other employee benefits | $28,138 |
| Payroll taxes | $5,899 |
| Fees for services: Management | $54,392 |
| 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 | $171,484 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,391 |
| Information technology | $24,828 |
| Royalties | $0 |
| Occupancy | $7,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,005 |
| Insurance | $0 |
| All other expenses | $10,000 |
| Total functional expenses | $1,663,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,544 |
| Pledges and grants receivable | $139,177 |
| 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 | $17,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,057,209 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $701,424 |
| Total assets | $35,004,210 |
| Accounts payable and accrued expenses | $13,977 |
| Grants payable | $461,211 |
| 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 | $190,300 |
| Total liabilities | $665,488 |
| Net assets without donor restrictions | $34,115,520 |
| Net assets with donor restrictions | $223,202 |
| 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 | $35,004,210 |
Grants Awarded
Over the last fiscal year, Trinity Health Foundation Of East Tennessee has awarded $1,131,272 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Knoxville, TN PURPOSE: URGENT NEEDS/GENERAL | $165,000 |
Knoxville, TN PURPOSE: URGENT NEEDS/GENERAL | $165,000 |
Powell, TN PURPOSE: URGENT NEEDS/GENERAL | $165,000 |
Knoxville, TN PURPOSE: URGENT NEEDS/GENERAL | $165,000 |
Knoxville, TN PURPOSE: URGENT NEEDS/GENERAL | $128,422 |
Knoxville, TN PURPOSE: URGENT NEEDS/GENERAL | $55,000 |
Endowment Analysis
| Beg. Balance | $1,118,866 |
| Earnings | $165,559 |
| Admin Expense | $6,624 |
| Net Contributions | $13,704 |
| Grants | $60,000 |
| Ending Balance | $1,231,505 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |