Baptist Health Foundation Lexington Inc
- Assets
- $2.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Louisville, KY
- Founding
- 01/2005
- Data as of
- 08/2021
- EIN
- 61-1480774
Organization Overview
Baptist Health Foundation Lexington Inc is located in Louisville, KY. The organization was established in 2005. 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 08/2021, Baptist Health Foundation Lexington Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Foundation Lexington Inc 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 08/2021, Baptist Health Foundation Lexington Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $911.8k during the year ending 08/2021. While expenses have increased by 23.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST, ADVANCE & STRENGTHEN BAPTIST HEALTH LEXINGTON HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST HEALTH FOUNDATION LEXINGTON, INC. IS A NON-PROFIT, NON-STOCK CORPORATION WHICH OPERATES TO ENCOURAGE, SOLICIT AND RECEIVE DONATIONS, BEQUESTS, GIFTS AND BENEFACTIONS MADE TO OR FOR THE BENEFIT OF BAPTIST HEALTH LEXINGTON AND ITS OTHER RELATED EXEMPT AFFILIATE CORPORATIONS. BAPTIST HEALTH LEXINGTON IS AN UNINCORPORATED OPERATING DIVISION OF BAPTIST HEALTHCARE SYSTEM, INC., (BHS), WHICH OPERATES EIGHT HOSPITALS IN KENTUCKY AND ONE HOSPITAL IN INDIANA. BHS IS DESCRIBED UNDER SECTION 501(C)(3) AND IS CLASSIFIED UNDER SECTION 509(A)(1) AS A PUBLIC CHARITY. BAPTIST HEALTH FOUNDATION LEXINGTON IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF BHS AND ITS' RELATED AND AFFILIATED CORPORATIONS THAT ARE QUALIFIED UNDER SECTION 509(A)(1) OR 509(A)(2).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Carter Vice Chair (effective 1/1/21) & Dir | OfficerTrustee | 1 | $0 |
Marta S Hayne MD Asst Secr (through 12/31/20) & Dir | OfficerTrustee | 1 | $0 |
Patricia E Takacs DMD Chairman & Director | OfficerTrustee | 1 | $0 |
Randall Vaughn Vice Chair & Dir (through 12/31/20) | OfficerTrustee | 1 | $0 |
William Sisson President & Director | OfficerTrustee | 1 | $0 |
James Borders MD Vice President (effective 4/1/21) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $581,520 |
| Government grants | $134,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,916 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,339,005 |
| Total Program Service Revenue | $0 |
| Investment income | $34,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $404,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,778,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,291 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $459,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,390 |
| Payroll taxes | $34,650 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,471 |
| Office expenses | $6,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,010 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $911,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $468,068 |
| Pledges and grants receivable | $12,460 |
| 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 | $57,236 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,354,081 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,891,845 |
| Accounts payable and accrued expenses | $0 |
| 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 | $308,508 |
| Total liabilities | $308,508 |
| Net assets without donor restrictions | $978,706 |
| Net assets with donor restrictions | $1,604,631 |
| 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 | $2,891,845 |
Grants Awarded
Over the last fiscal year, Baptist Health Foundation Lexington Inc has awarded $270,303 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: General Support | $207,053 |
Lexington, KY PURPOSE: General Support | $63,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Baptist Health Foundation Lexington Inc has recieved totaling $42,200.
| Awarding Organization | Amount |
|---|---|
Childrens Charity Fund Of The Bluegrass Lexington, KY PURPOSE: PROVIDE FUNDS FOR EXEMPT PURPOSE | $34,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,200 |
Endowment Analysis
| Beg. Balance | $1,543,447 |
| Net Contributions | $253,620 |
| Other Expense | $192,436 |
| Ending Balance | $1,604,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somc Medical Care Foundation Inc Portsmouth, OH | $14,653,193 | $44,708,757 |
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Deaconess Health System Inc Evansville, IN | $144,110,992 | $33,405,417 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Associates Health Trust Solon, OH | $8,159,190 | $46,591,493 |