Ballad Health Foundation
- Assets
- $60.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Johnson City, TN
- Founding
- 03/1985
- Data as of
- 06/2021
- 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 06/2021, Ballad Health Foundation employed 15 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 06/2021, Ballad Health Foundation generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ballad Health Foundation has awarded 74 individual grants totaling $22,103,599. 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
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 AIMS TO LEVERAGE PHILANTHROPIC INVESTMENTS TO IMPROVE HEALTH AND HEALTHCARE IN THE APPALACHIAN HIGHLANDS REGION. DURING THE TWELVE-MONTH PERIOD ENDED JUNE 30,2021, THE FOUNDATION FUNDED $1,278,271 FOR EQUIPMENT, PROGRAMS, AND SERVICES THROUGHOUT THE REGION, $56,400 WAS GRANTED TO UPGRADE THE HEALTH SYSTEM'S COVID-19 TESTING CAPABILITIES. A TOTAL OF $654,454 WAS INVESTED IN WOMEN AND CHILDREN'S SERVICES, WITH $83,917 TO PROVIDE MATCHING FUNDS FOR A SCHOOL-BASED TELEHEALTH PROGRAM. THE FOUNDATION ALSO PROVIDED $177,217 IN FUNDING FOR ONCOLOGY SERVICES WHICH INCLUDED ENHANCED ULTRASOUND EQUIPMENT AT BRISTOL REGIONAL MEDICAL CENTER AND BREAST CANCER SCREENINGS FOR WOMEN WHO COULD NOT AFFORD IT. THE FOUNDATION GRANTED $191,916 TO MEETING BASIC NEEDS FOR PATIENTS IN THROUGH BALLAD HEALTH'S PATIENT ASSISTANCE PROGRAMS. THE FOUNDATION SUPPORTED THE HEALTH SYSTEM'S PARISH NURSING PROGRAM WITH $24,819 AND OUR HOSPICE AND HOME PROGRAM WITH $13,852. FINALLY, THE FOUNDATION PROVIDED $96,623 TO SUPPORT BALLAD HEALTH TEAM MEMBERS WHO HAD EXPERIENCED FINANCIAL TRAUMAS THROUGH NO FAULT OF THEIR OWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Simpson President/ex-Officio | OfficerTrustee | 40 | $234,993 |
Ted Fields Chairperson | OfficerTrustee | 1 | $0 |
Norris Sneed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lynn Krutak Trustee/ Bh Evp & CFO | OfficerTrustee | 0.5 | $0 |
Greg Cox Trustee | Trustee | 0.5 | $0 |
Heidi Dulebohn Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $42,221 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,494,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,536,748 |
| Total Program Service Revenue | $0 |
| Investment income | $951,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,593,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,303,878 |
| Grants and other assistance to domestic individuals. | $83,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $265,764 |
| Compensation of current officers, directors, key employees. | $265,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $276,050 |
| 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 | $43,019 |
| Fees for services: Other | $170,821 |
| Advertising and promotion | $26,712 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,352 |
| Travel | $3,243 |
| 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 | $906 |
| Total functional expenses | $2,795,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,094,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,436,146 |
| Accounts receivable, net | $249,628 |
| 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 | $174,410 |
| Net Land, buildings, and equipment | $17,739 |
| Investments—publicly traded securities | $40,915,004 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,450,966 |
| Total assets | $60,338,294 |
| Accounts payable and accrued expenses | $91,568 |
| Grants payable | $0 |
| Deferred revenue | $117,500 |
| 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 | $5,043,983 |
| Total liabilities | $5,253,051 |
| Net assets without donor restrictions | $16,975,230 |
| Net assets with donor restrictions | $38,110,013 |
| 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 | $60,338,294 |
Grants Awarded
Over the last fiscal year, Ballad Health Foundation has awarded $1,294,888 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Johnson City, TN PURPOSE: $776,613 FOR CAPITAL NEEDS AND $418,581 FOR MISCELLANEOUS OTHER PROJECTS | $1,195,194 |
Abingdon, VA PURPOSE: NET PROCEEDS JMH EVENTS | $73,304 |
Boyes Hot Springs, CA PURPOSE: FITNESS PROGRAM | $15,390 |
MOUNTAIN EMPIRE COMMUNITY COLLEGE PURPOSE: MECC NURSING PROGRAM AND MECC LPN CLASS | $6,000 |
San Francisco, CA PURPOSE: AUTHOR VISIT AND OPIOID PANEL. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Ballad Health Foundation has recieved totaling $1,527,320.
| Awarding Organization | Amount |
|---|---|
Eastman Credit Union Kingsport, TN PURPOSE: BLOODMOBILE SPONSORSHIP, PROJECT SPONSORSHIP, AND EVENT SPONSORSHIP | $1,271,965 |
Ayers Foundation Parsons, TN PURPOSE: GENERAL/OPERATING | $100,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $50,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $22,481 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $22,481 |
Endowment Analysis
| Beg. Balance | $1,326,617 |
| Earnings | $2,070 |
| Ending Balance | $1,328,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentuckyone Health Inc Lexington, KY | $15,206,136 | $12,087,828 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Jackson Medical Mall Foundation Jackson, MS | $71,929,966 | $14,671,190 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |
Louisville Medical Center Development Corporation Louisville, KY | $97,176,335 | $8,068,476 |
Ephraim Mcdowell Health Inc Danville, KY | $193,248,022 | $7,628,237 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |