Hospital Development Foundation Inc
- Assets
- $20.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 2,196
- Location
- Mountain Home, AR
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 58-1805265
Organization Overview
Hospital Development Foundation Inc, operating under the name Baxter Regional Hospital Foundation, is located in Mountain Home, AR. The organization was established in 1988. 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, Baxter Regional Hospital Foundation employed 2,196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baxter Regional Hospital 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 12/2021, Baxter Regional Hospital Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 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 2014, Baxter Regional Hospital Foundation has awarded 19 individual grants totaling $7,798,838. 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
BAXTER REGIONAL HOSPITAL FOUNDATION'S MISSION IS RAISING MONEY TO KEEP THE COMMUNITY HEALTHY. THE FUND- RAISING EFFORTS OF THE FOUNDATION PROVIDE SUPPORT FOR BRMC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THEIR FUNDRAISING EFFORTS, BAXTER REGIONAL HOSPITAL FOUNDATION PROVIDES FINANCIAL SUPPORT TO BAXTER REGIONAL MEDICAL CENTER (HOSPITAL). THE HOSPITAL PROVIDES HEALTH CARE SERVICES REGARDLESS OF A PERSONS ABILITY TO PAY. THIS LEAVES THE HOSPITAL ABSORBING MORE THAN $10 MILLION IN UNPAID MEDICAL BILLS EACH YEAR. THROUGH CHARITABLE CONTRIBITIONS RECEIVED IN 2021 THE FOUNDATION WAS ABLE TO PROVIDE THE HOSPITAL WITH OVER $1,600,000 IN GENERAL SUPPORT INCLUDING FINANCIAL SUPPORT FOR THE PEITZ CANCER SUPPORT HOUSE, SCHLIEMANN CENTER FOR WOMENS HEALTH EDUCATION, REPPELL DIABETES LEARNING CENTER, AND MRUK FAMILY CENTER ON AGING. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT TO HOSPICE OF THE OZARK OZARKS, BAXTER REGIONAL HEALTH SYSTEM, AND MOUNTAIN HOME CHRISTIAN CLINIC.
THE FOUNDATION MAINTAINS SEVERAL SCHOLARSHIPS, INCLUDING THE ANDERSON DOWNES, BAKER, KERR, AND CAROLINE AUSTINO SCHOLARSHIPS. THESE SCHOLARSHIPS PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS ENTERING THE HEALTH CARE PROFESSION. DURING 2021, THE FOUNDATION AWARDED MORE THAN 346,000 IN SCHOLARSHIPS TO NURSING, EMERGENCY MEDICAL TECHNICIAN, PARAMEDIC, AND MEDICAL DOCTOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Larry - See Sch O Executive Director | OfficerTrustee | 20 | $0 |
Robert Clarke Treasurer | OfficerTrustee | 5 | $0 |
Travis Doshier Board Chairman | OfficerTrustee | 5 | $0 |
Jodie Elizabeth Jeffrey Board Secretary | OfficerTrustee | 5 | $0 |
John Neis MD Board Member | Trustee | 5 | $0 |
Nell Ponder Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,371,537 |
| Noncash contributions included in lines 1a–1f | $86,298 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,581,249 |
| Total Program Service Revenue | $0 |
| Investment income | $422,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $721,124 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,724,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,616,593 |
| Grants and other assistance to domestic individuals. | $360,761 |
| 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 | $159,704 |
| Pension plan accruals and contributions | $3,816 |
| Other employee benefits | $23,877 |
| Payroll taxes | $9,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,190 |
| Advertising and promotion | $22,436 |
| Office expenses | $26,822 |
| Information technology | $19,690 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,049 |
| Interest | $70,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,948 |
| Total functional expenses | $2,360,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $652,611 |
| Savings and temporary cash investments | $310,114 |
| Pledges and grants receivable | $142,986 |
| 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 | $250 |
| Net Land, buildings, and equipment | $120,000 |
| Investments—publicly traded securities | $2,102,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,392,079 |
| Total assets | $20,720,132 |
| Accounts payable and accrued expenses | $495,907 |
| 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 | $45,254 |
| Total liabilities | $541,161 |
| Net assets without donor restrictions | $4,228,613 |
| Net assets with donor restrictions | $15,950,358 |
| 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 | $20,720,132 |
Grants Awarded
Over the last fiscal year, Hospital Development Foundation Inc has awarded $742,225 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain Home, AR PURPOSE: GENERAL SUPPORT | $644,725 |
Mountain Home, AR PURPOSE: GENERAL SUPPORT | $97,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospital Development Foundation Inc has recieved totaling $10,050.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,050 |
Arvest Foundation Bentonville, AR PURPOSE: TO SUPPORT THE PIETZ CANCER SUPPORT INITIATIVES THAT SERVE PEOPLE IN THE TWIN LAKES COMMUNITY WHO HAVE BEEN DIAGNOSED WITH CANCER AND OFFER SUPPORT FOR THEIR FAMILIES AND LOVED ONES. | $5,000 |
Endowment Analysis
| Beg. Balance | $10,205,024 |
| Earnings | $1,194,352 |
| Net Contributions | $20,000 |
| Grants | $322,286 |
| Ending Balance | $11,097,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
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 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |