Health Care Foundation Of North Mississippi
- Assets
- $9.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Tupelo, MS
- Founding
- 03/2000
- Data as of
- 09/2022
- EIN
- 64-0914704
Organization Overview
Health Care Foundation Of North Mississippi is located in Tupelo, MS. The organization was established in 2000. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Health Care Foundation Of North Mississippi 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 09/2022, Health Care Foundation Of North Mississippi generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE FOUNDATION OF NORTH MISSISSIPPI IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF RAISING, RECEIVING, AND ADMINISTERING FUNDS TO ASSIST HOSPITAL AND NON-PROFIT INSTITUTIONS IN NORTH MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED SEPTEMBER 30, 2022, THE FOUNDATION TRANSFERRED $645,669 TO CERTAIN SUBSIDIARIES OF NORTH MISSISSIPPI HEALTH SERVICES AND OTHER NON-PROFIT INSTITUTIONS, THE MAJORITY OF WHICH WAS USED TO REIMBURSE EXPENSES. THE REMAINING PROGRAM SERVICE EXPENSES WERE COSTS ASSOCIATED WITH THE RAISING AND ADMINISTERING OF FUNDS TO ASSIST THESE NON-PROFIT ENTITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Blaylock President | Officer | 40 | $155,362 |
Dan Rollins Vice Chairman | OfficerTrustee | 1 | $0 |
West Cordell MD Secretary | OfficerTrustee | 1 | $0 |
Sam Pace MD Chairman | OfficerTrustee | 1 | $0 |
Bruce Toppin Asst Secretary | Officer | 1 | $0 |
Sharon Nobles Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,179,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,179,577 |
| Total Program Service Revenue | $0 |
| Investment income | $135,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $319,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,634,276 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $721,432 |
| 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. | $155,362 |
| Compensation of current officers, directors, key employees. | $23,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $99,940 |
| 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 | $38,375 |
| Advertising and promotion | $0 |
| Office expenses | $4,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,313 |
| Travel | $2,606 |
| 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 | $30,984 |
| Total functional expenses | $1,405,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,160 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,924,502 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $587,500 |
| Total assets | $9,822,565 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,462,525 |
| Net assets with donor restrictions | $7,360,040 |
| 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 | $9,822,565 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Health Care Foundation Of North Mississippi has recieved totaling $41,849.
| Awarding Organization | Amount |
|---|---|
United Way Of Northeast Mississippi Inc Tupelo, MS PURPOSE: Help patients & families. | $11,025 |
United Way Of Northeast Mississippi Inc Tupelo, MS PURPOSE: Medical assistance | $10,875 |
United Way Of Northeast Mississippi Inc Tupelo, MS PURPOSE: Provides support to heart patients | $8,125 |
United Way Of Northeast Mississippi Inc Tupelo, MS PURPOSE: Help with terminal illness | $6,199 |
United Way Of Northeast Mississippi Inc Tupelo, MS PURPOSE: Educate & train diabetics. | $5,625 |
Endowment Analysis
| Beg. Balance | $1,650,745 |
| Earnings | -$363,751 |
| Net Contributions | $517 |
| Other Expense | $59,343 |
| Ending Balance | $1,228,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cyberspace Innovation Center Incoporated Bossier City, LA | $14,331,496 | $17,560,867 |
Jackson Medical Mall Foundation Jackson, MS | $71,929,966 | $14,671,190 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Our Lady Of The Lake Foundation Baton Rouge, LA | $22,619,327 | $9,390,002 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Shelby County Community Health Foundation Columbiana, AL | $85,859,544 | $2,816,879 |
Ballad Health Foundation Johnson City, TN | $60,338,294 | $4,593,678 |
The Eyesight Foundation Of Alabama Birmingham, AL | $47,808,269 | $7,613,281 |
The Guardian Foundation Inc Ooltewah, TN | $15,363,299 | $2,524,812 |
The Regional Medical Center At Memphis Foundation Memphis, TN | $7,889,154 | $2,199,515 |
Health Care Foundation Of North Mississippi Tupelo, MS | $9,822,565 | $2,634,276 |
Fort Sanders Foundation Knoxville, TN | $17,490,375 | $1,458,401 |