West Tennessee Healthcare Foundation
- Assets
- $53.4m
- Revenue
- $7.4m
- Investments
- $26.5m
- Employees
- 0
- Location
- Jackson, TN
- Founding
- 08/1986
- Data as of
- 06/2023
- EIN
- 58-1671241
Organization Overview
West Tennessee Healthcare Foundation, operating under the name Community Foundation Of West Tennessee, is located in Jackson, TN. The organization was established in 1986. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), 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. Community Foundation Of West 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 06/2023, Community Foundation Of West Tennessee generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of West Tennessee has awarded 683 individual grants totaling $36,302,173. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND OUTREACH TO SUPPORT THE MINISTRY OF HEALTH AND HEALING THROUGHOUT WEST TENNESSEE
Describe the Organization's Program Activity:
ANNUAL DISTRIBUTIONS OF INCOME PROVIDE A STEADY, BUDGET-ABLE INCOME STREAM FOR THE NONPROFIT CAUSES WHILE THE GROWTH OF THE ENDOWMENT PROVIDES FOR GROWING NEEDS OF THE NONPROFIT OR CAUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Buckley Board Chair | OfficerTrustee | 1 | $0 |
Nancy Nanney Treasurer | OfficerTrustee | 1 | $0 |
Tim Crossett Secretary | OfficerTrustee | 1 | $0 |
Jeb Campbell Vice Chair | OfficerTrustee | 1 | $0 |
Greg Alexander Director | Trustee | 0.5 | $0 |
Harbert Alexander Jr Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $182,676 |
| Related organizations | $0 |
| Government grants | $784,152 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,557,074 |
| Noncash contributions included in lines 1a–1f | $48,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,523,902 |
| Total Program Service Revenue | $0 |
| Investment income | $954,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,173 |
| Net Income from Fundraising Events | -$21,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,381,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,596,592 |
| Grants and other assistance to domestic individuals. | $71,060 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $28,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $230,665 |
| Fees for services: Other | $270,367 |
| Advertising and promotion | $48,725 |
| Office expenses | $8,127 |
| Information technology | $2,142 |
| Royalties | $0 |
| Occupancy | $101,697 |
| Travel | $34,250 |
| 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 | $27,067 |
| Insurance | $4,860 |
| All other expenses | $149,780 |
| Total functional expenses | $6,587,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85 |
| Savings and temporary cash investments | $4,777,244 |
| Pledges and grants receivable | $533,397 |
| 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 | $17,472 |
| Net Land, buildings, and equipment | $513,963 |
| Investments—publicly traded securities | $21,077,270 |
| Investments—other securities | $26,501,172 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,420,603 |
| Accounts payable and accrued expenses | $76,194 |
| Grants payable | $47,772 |
| 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 | $56,896 |
| Total liabilities | $180,862 |
| Net assets without donor restrictions | $14,690,660 |
| Net assets with donor restrictions | $38,549,081 |
| 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 | $53,420,603 |
Grants Awarded
Over the last fiscal year, West Tennessee Healthcare Foundation has awarded $3,653,611 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ASPELL RECOVERY CENTER - T A M B OF JACKSON TENNESSEE INC PURPOSE: $45,200.01 FOR PURCHASE OF LAND IN LEXINGTON, TN FOR NEW RECOVERY CENTER; $3,000 FOR GENERAL SUPPORT. | $48,200 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION TN PURPOSE: $500 FOR JACKSON OUT OF DARKNESS; $5,541 FOR GENERAL SUPPORT | $6,041 |
BAPTIST BIBLE FELLOWSHIP INTERNATIONAL PURPOSE: FOR VALLEY OF PEACE DAN WEAVER MINISTRY | $10,000 |
ALL SAINTS IMMIGRATION SERVIES PURPOSE: FUNDING FOR FULL TIME ACCREDITED LEGAL REPRESENTATIVE | $20,000 |
BEAR VALLEY BIBLE INSTITUTE PURPOSE: GENERAL SUPPORT | $50,000 |
BETHEL UNIVERSITY PURPOSE: STUDENT SCHOLARSHIPS | $9,000 |