Ballad Health Foundation
- Assets
- $62.1m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Johnson City, TN
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 58-1594191
Organization Overview
Ballad Health Foundation is located in Johnson City, TN. The organization was established in 1985. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Ballad Health Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballad Health Foundation 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 06/2022, Ballad Health Foundation generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 6 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 2015, Ballad Health Foundation has awarded 66 individual grants totaling $24,231,754. 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
BALLAD HEALTH FOUNDATION'S PRIMARY PURPOSE IS TO BUILD RELATIONSHIPS WITH OTHERS TO FULFILL THE MISSION AND VISION OF BALLAD HEALTH THROUGH PHILANTHROPY. WORKING TOGETHER AROUND A COMMON SET OF OBJECTIVES, WE CAN TRANSFORM OUR COMMUNITY'S HEALTH AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLAD HEALTH FOUNDATION BUILDS RELATIONSHIPS THAT FULFILL THE MISSION AND VISION OF BALLAD HEALTH THROUGH PHILANTHROPY. DURING THE TWELVE-MONTH PERIOD ENDED JUNE 30, 2022, OVER 3,800 COMMUNITY-MINDED BUSINESSES AND INDIVIDUALS MADE GIFTS THAT ENABLED THE FOUNDATION TO LEVERAGE THE POWER OF PHILANTHROPY TO IMPROVE THE OVERALL HEALTH OF THE REGION. THESE GIFTS ENABLED THE FOUNDATION TO PROVIDE $5,153.289 FOR EQUIPMENT, PROGRAMS, AND SERVICES THROUGHOUT THE REGION. FACILITIES AND PROGRAMS SERVING WOMEN AND CHILDREN RECEIVED $4,091,636, WITH $3,537,500 OF THOSE DOLLARS GOING TOWARD PLANNING AND PRELIMINARY CONSTRUCTION EXPENSES TO CREATE THE NEWEST AND MOST MODERN NICU IN THE STATES OF TENNESSEE OR VIRGINIA. THE FOUNDATION ALSO PROVIDED $934,585 FOR EQUIPMENT THAT INCLUDES: INFANT RADIANT WARMERS, WOUND CARE TREATMENT CHAIRS, EKGS, ACCUVEINS, FETAL MONITORS, PATIENT RECLINERS, BLOOD CELL PROCESSOR, VASCULAR SCANNER, AND A NEW COMPREHENSIVE WOMEN'S HEALTH MOBILE UNIT. THE FOUNDATION PROVIDED $135,607 IN FUNDING FOR ONCOLOGY SERVICES WITH A SPECIAL EMPHASIS ON CANCER SCREENING AND DETECTION FOR WOMEN, AS WELL AS $38,562 FOR PARISH NURSING, AND $25,198 FOR HOSPICE AND HOME HEALTH PROGRAMS. FINALLY, THE FOUNDATION PROVIDED $384,690 IN DIRECT ASSISTANCE THROUGH BALLAD HEALTH'S PATIENT ASSISTANCE AND TEAM MEMBER EMERGENCY FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Fields Chairperson | OfficerTrustee | 1 | $0 |
Lynn Krutak Trustee / Bh Evp & CFO | OfficerTrustee | 0.5 | $0 |
Jack Simpson President / Ex-Officio | OfficerTrustee | 45 | $269,195 |
Greg Cox Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Anthony Keck Trustee | Trustee | 0.5 | $0 |
Michele King Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,412 |
| Related organizations | $1,218,162 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,352,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,715,022 |
| Total Program Service Revenue | $0 |
| Investment income | $1,031,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,002,655 |
| Net Income from Fundraising Events | -$54,381 |
| Net Income from Gaming Activities | $99,975 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,795,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,104,035 |
| Grants and other assistance to domestic individuals. | $93,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $305,929 |
| Compensation of current officers, directors, key employees. | $305,929 |
| Compensation to disqualified persons | $376,321 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,235 |
| Fees for services: Other | $131,148 |
| Advertising and promotion | $19,269 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,040 |
| Travel | $7,120 |
| 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 | $4,691 |
| Total functional expenses | $6,462,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,036,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,571,995 |
| Accounts receivable, net | $164,971 |
| 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 | $79,697 |
| Net Land, buildings, and equipment | $44,345 |
| Investments—publicly traded securities | $34,240,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,955,097 |
| Total assets | $62,092,613 |
| Accounts payable and accrued expenses | $10,099 |
| Grants payable | $0 |
| Deferred revenue | $252,500 |
| 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 | $8,411,336 |
| Total liabilities | $8,673,935 |
| Net assets without donor restrictions | $9,542,223 |
| Net assets with donor restrictions | $43,876,455 |
| 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 | $62,092,613 |
Grants Awarded
Over the last fiscal year, Ballad Health Foundation has awarded $5,085,285 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BALLAD HEALTH PURPOSE: $4,472,085 FOR CAPITAL NEEDS AND $587,200 FOR MISCELLANEOUS OTHER PROJECTS | $5,059,285 |
UNITED WAY OF EAST TN HIGHLANDS PURPOSE: REGION A.H.E.A.D. | $5,000 |
MOUNTAIN EMPIRE COMMUNITY COLLEGE PURPOSE: MECC NURSING PROGRAM AND MECC LPN CLASS | $6,000 |
TYLER FLANARY MEMORIAL PARK PURPOSE: TYLER FLANARY MEMORIAL SKATE PARK | $15,000 |