Baptist Health Foundation Inc
- Assets
- $26.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 01/2016
- Data as of
- 09/2023
- EIN
- 47-3403762
Organization Overview
Baptist Health Foundation Inc is located in Jackson, MS. The organization was established in 2016. 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. Baptist Health 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 09/2023, Baptist Health Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.5m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Baptist Health Foundation Inc has awarded 34 individual grants totaling $8,502,480. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST HEALTH FOUNDATION, INC. RAISES FUNDS TO SUPPORT THE CHARITABLE HEALTH CARE MISSION OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. AND ITS AFFILIATED TAX EXEMPT ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEALTH FOUNDATION, INC., ESTABLISHED IN 1989, IS THE FUNDRAISING ARM OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC., WHICH RAISES MONEY TO BENEFIT VARIOUS MISSISSIPPI BAPTIST MEDICAL CENTER, INC. PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. HELP ACCOMPLISH MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE AND HOSPITAL AND CLINICAL EDUCATION. BAPTIST HEALTH FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. BAPTIST HEALTH FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY MISSISSIPPI BAPTIST MEDICAL CENTER, INC. FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST HEALTH FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS. BAPTIST HEALTH FOUNDATION, INC. SPONSORS SEVERAL FUNDRAISING EVENTS THROUGHOUT THE YEAR. "HEARTS & CLUBS" GOLF TOURNAMENT IS AN ANNUAL EVENT THAT RAISES MONEY FOR BAPTIST HEART AND CARDIOVASCULAR SERVICES. OVER 100 GOLFERS PARTICIPATE IN A SCRAMBLE-STYLE TOURNAMENT HOSTED BY BAPTIST HEALTH FOUNDATION, INC. EVENT PROCEEDS ARE COLLECTED THROUGH CORPORATE SPONSORSHIPS, TEAM ENTRIES, AND IN-KIND DONATIONS."FUND FOR THE GIRLS", MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S BREAST HEALTH INITIATIVE, PROVIDES BREAST SERVICES FREE OF CHARGE TO THOSE IN NEED - INCLUDING SCREENING AND DIAGNOSTIC MAMMOGRAMS, ULTRASOUNDS, BIOPSIES, AND OTHER SERVICES MEDICALLY INDICATED. SUPPORT COMES FROM COMMUNITY DONATIONS INCLUDING INDIVIDUALS, BUSINESSES, SCHOOLS, PHYSICIANS, BAPTIST EMPLOYEES, PATIENTS, AND BOARD MEMBERS. VARIOUS EVENTS ARE HELD THROUGHOUT THE YEAR, ESPECIALLY DURING THE FALL. IF YOU WOULD LIKE MORE INFORMATION ON BAPTIST HEALTH FOUNDATION, INC. PLEASE VISIT OUR WEBSITE AT HTTPS://BAPTISTHEALTH.FOUNDATION/.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary C Anderson Director (thru 08/23) | Trustee | 0.23 | $0 |
Henry C Waterer MD Director | Trustee | 0.23 | $0 |
Bobbie K Ware Director | Trustee | 0.23 | $0 |
James A Grantham Director (as Of 09/23) | Trustee | 0.23 | $0 |
Adolphus B Baker Director | Trustee | 0.23 | $0 |
Arthur Skip Jernigan Director | Trustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,758,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,108 |
| Total Program Service Revenue | $0 |
| Investment income | $230,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,221 |
| Net Income from Fundraising Events | -$16,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,114,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,656,680 |
| Grants and other assistance to domestic individuals. | $115,684 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,257 |
| Compensation of current officers, directors, key employees. | $19,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,987 |
| Pension plan accruals and contributions | $6,521 |
| Other employee benefits | $60,963 |
| Payroll taxes | $30,327 |
| 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 | $37,251 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $27,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,471,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,433,187 |
| 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 | $5,482 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $24,051,688 |
| Intangible assets | $0 |
| Other assets | $18,604 |
| Total assets | $26,508,961 |
| Accounts payable and accrued expenses | $703,104 |
| 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 | $4,911,167 |
| Total liabilities | $5,614,271 |
| Net assets without donor restrictions | $3,512,343 |
| Net assets with donor restrictions | $17,382,347 |
| 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 | $26,508,961 |
Grants Awarded
Over the last fiscal year, Baptist Health Foundation Inc has awarded $1,599,129 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MISSION FIRST INC PURPOSE: HELP COMMUNITY RESIDENTS WITH BOTH PHYSICAL AND SPIRITUAL NEEDS | $30,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: SUPPORT ACTIVITIES RELATED TO THE CAUSES, DIAGNOSIS, PREVENTION, AND TREATMENT OF CARDIOVASCULAR DISEASE AND STROKE | $20,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: SUPPORT PURPOSE OF SAVING LIVES, CELEBRATING LIVES, AND FIGHTING FOR A CURE FOR CANCER | $20,000 |
MISSISSIPPI BAPTIST MEDICAL CENTER INC PURPOSE: CAPITAL SUPPORT FOR HOSPITAL | $1,518,779 |
BAPTIST MEDICAL CENTER - LEAKE INC PURPOSE: CAPITAL SUPPORT FOR HOSPITAL | $10,350 |