Baptist Health System Foundation Inc
- Assets
- $307.4m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 06/1989
- Data as of
- 09/2023
- EIN
- 59-2487135
Organization Overview
Baptist Health System Foundation Inc, operating under the name Baptist Health Foundation, is located in Jacksonville, FL. The organization was established in 1989. 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 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 generated $33.1m 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 (3.3%) each year. All expenses for the organization totaled $23.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Baptist Health Foundation has awarded 48 individual grants totaling $67,277,189. 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
CONTINUE THE HEALING MINISTRY OF CHRIST BY PROVIDING ACCESSIBLE, QUALITY HEALTHCARE SERVICES AT A REASONABLE COST IN AN ATMOSPHERE THAT FOSTERS RESPECT AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEATLH SYSTEM FOUNDATION, INC. PLANS, DEVELOPS AND COORDINATES THE FUNDRAISING ACTIVITIES FOR BAPTIST HEALTH SYSTEM, INC. AND ITS LICENSED HOSPITALS IN THE NORTHEAST FLORIDA REGION. THE PROCEEDS ARE USED TO SUPPORT THE EXEMPT CHARITABLE ACTIVITIES OF THESE HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Former Interim Svp/former Director (as Of 01.31.23) | OfficerTrustee | 0.5 | $0 |
Name Not Listed President | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Three Atlanta Llc Advertising Services For Fundraising | 9/29/22 | $144,345 |
Washington Speakers Bureau Inc Public Speaking Firm | 9/29/22 | $181,000 |
Rkd Group Llc Marketing Solutions | 9/29/22 | $184,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,210,176 |
| Related organizations | $7,089,209 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,660,735 |
| Noncash contributions included in lines 1a–1f | $151,655 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,960,120 |
| Total Program Service Revenue | $0 |
| Investment income | $12,528,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $575,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,064,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,325,755 |
| Grants and other assistance to domestic individuals. | $1,239,137 |
| 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 | $2,367,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $725,353 |
| Payroll taxes | $192,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,110,588 |
| Fees for services: Other | $657,943 |
| Advertising and promotion | $222,515 |
| Office expenses | $7,471,357 |
| Information technology | $123,469 |
| Royalties | $0 |
| Occupancy | $191,388 |
| Travel | $156,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,676 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,687 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,024,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,265,811 |
| 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 | $64,971 |
| Net Land, buildings, and equipment | $78,166 |
| Investments—publicly traded securities | $281,988,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,959,245 |
| Total assets | $307,356,316 |
| Accounts payable and accrued expenses | $767,211 |
| 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 | $5,854,563 |
| Total liabilities | $6,621,774 |
| Net assets without donor restrictions | $16,762,721 |
| Net assets with donor restrictions | $283,971,821 |
| 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 | $307,356,316 |
Grants Awarded
Over the last fiscal year, Baptist Health System Foundation Inc has awarded $8,266,936 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN BAPTIST HOSPITAL OF FLORIDA INC PURPOSE: To support the hospital with funding of capital projects and reimbursement of operational expenses. | $7,106,177 |
BAPTIST MEDICAL CENTER NASSAU INC PURPOSE: To support the hospital with funding of capital projects and reimbursement of operational expenses. | $570,095 |
BAPTIST MEDICAL CENTER OF THE BEACHES INC PURPOSE: To support the hospital with funding of capital projects and reimbursement of operational expenses. | $567,164 |
MAYO CLINIC JACKSONVILLE PURPOSE: To inspire hope and contribute to health and well-being by providing the best care to every patient through integrated clinical practice, education and research. | $23,500 |