Blount Memorial Foundation Inc
- Assets
- $2.9m
- Revenue
- $424.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Maryville, TN
- Founding
- 12/1992
- Data as of
- 06/2023
- EIN
- 62-1412287
Organization Overview
Blount Memorial Foundation Inc is located in Maryville, TN. The organization was established in 1992. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Blount Memorial Foundation 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 06/2023, Blount Memorial Foundation Inc generated $424.2k 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 (3.1%) each year. All expenses for the organization totaled $470.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Blount Memorial Foundation Inc has awarded 11 individual grants totaling $670,093. 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
TO PROVIDE SUPPORT AND ADVOCACY FOR PROGRAMS THAT PROMOTE THE HEALTH AND WELL-BEING OF THE ENTIRE COMMUNITY, AS WELL AS THE UNINSURED AND UNDERSERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ACCESS TO COMPLETE CARE REGARDLESS OF INSURANCE STATUS
PROVIDING ACCESS TO PEDIATRIC REHABILITATION - THE PROGRAM PROVIDES ACCESS TO PT/OT THERAPIES TO ALICE CHILDREN WHOSE FAMILIES WOULD OTHERWISE REFUSE TREATMENT DUE TO COST. THE PROGRAM REMOVES THE UNEXPECTED MEDICAL BILL ALLOWING FAMILIES TO RECEIVE ACCESS TO NEEDED CARE. THE FACILITY SUPPORTS MORE THAN 2000 CHILDREN AND YOUNG ADULTS PER MONTH. PROJECT SUCCESS IS DETERMINED BASED ON THE NUMBER OF CHILDREN WHO PARTICIPATE IN PRESCRIBED TREATMENT AND ACHIEVE THEIR INDIVIDUALIZED TREATMENT GOAL.
THE FOUNDATION MADE DONATIONS TO THE BLOUNT MEMORIAL CANCER CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lajuana Atkins Board Member | Trustee | 2 | $0 |
Joy Carver Board Member | Trustee | 0.5 | $0 |
Joe Dawson Board Member | Trustee | $0 | |
Tammi Ford Secretary/tr | OfficerTrustee | 1 | $0 |
Mark Green Board Member | Trustee | 0.5 | $0 |
Matt Haralson Board Chairm | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,497 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,375 |
| Noncash contributions included in lines 1a–1f | $10,172 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,872 |
| Total Program Service Revenue | $0 |
| Investment income | $167,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,249 |
| Net Income from Fundraising Events | -$29,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $451,913 |
| 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 | $0 |
| 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 | $11,992 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $6,350 |
| Total functional expenses | $470,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,505 |
| 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 | $5,150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,703,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,929,896 |
| Accounts payable and accrued expenses | $8,804 |
| Grants payable | $0 |
| Deferred revenue | $9,739 |
| 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 | $0 |
| Total liabilities | $18,543 |
| Net assets without donor restrictions | $1,485,798 |
| Net assets with donor restrictions | $1,425,555 |
| 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 | $2,929,896 |
Grants Awarded
Over the last fiscal year, Blount Memorial Foundation Inc has awarded $451,913 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BLOUNT MEMORIAL HOSPITAL PURPOSE: PEDIATRIC REHAB | $60,799 |
BLOUNT MEMORIAL HOSPITAL PURPOSE: TO SUPPORT OPERATION | $84,456 |
BLOUNT MEMORIAL HOSPITAL PURPOSE: CATH LAB | $250,000 |
BLOUNT MEMORIAL HOSPITAL PURPOSE: BREAST BOARD | $17,449 |
BLOUNT MEMORIAL HOSPITAL PURPOSE: FOUNDATION | $39,209 |