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Nonprofiteer
← FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC

Form 990 for tax year 2025

Filed by FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$5,105,174
Total expenses
$485,828
Contributions and grants received
$104,445
Grants paid
$88,945
Program service revenue
$0
Investment income
$5,000,729
Other revenue
$0
Total assets, end of year
$115,179,545
Total liabilities, end of year
$36,667
Net assets or fund balances, end of year
$115,142,878
Program services expenses (Part IX)
$387,873
Management and general expenses
$97,955
Fundraising expenses
$0
Program service expenses (Part III)
$387,873

Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $104,445

  • 3 · Investment income

    total $2,480,764 · excluded $2,480,764

  • 7a · Gross sales of assets other than inventory

    securities $28,124,259

  • 7b · Less cost or other basis and sales expenses

    securities $25,604,294

  • 7c · Gain or loss

    securities $2,519,965

  • 7d · Net gain or loss

    total $2,519,965 · excluded $2,519,965

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,945 · program services $88,945

  • 11b · Fees: legal

    total $60,256 · management and general $60,256

  • 11c · Fees: accounting

    total $1,560 · management and general $1,560

  • 11g · Fees: other

    total $12,907 · program services $11,695 · management and general $1,212

  • 13 · Office expenses

    total $275,202 · program services $249,022 · management and general $26,180

  • 17 · Travel

    total $1,283 · program services $1,044 · management and general $239

  • 19 · Conferences, conventions and meetings

    total $41,985 · program services $34,176 · management and general $7,809

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $3,675 · program services $2,991 · management and general $684

  • 24b · Other expenses: FEES & LICENSES

    total $15 · program services $0 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,263 · end of year $81,935

  • 2 · Savings and temporary cash investments

    beginning of year $49,018 · end of year $65,639

  • 11 · Investments: publicly traded securities

    beginning of year $98,854,946 · end of year $115,031,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,687 · end of year $11,320

  • 25 · Other liabilities

    beginning of year $18,064 · end of year $25,347

  • 27 · Net assets without donor restrictions

    beginning of year $99,072,476 · end of year $115,142,878

Mission and programs · 2025

Mission

FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION, INC.'S SPECIFIC PURPOSES SHALL BE TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CUMBERLAND FAMILY MEDICAL CENTER, INC.

  • TO PROMOTE, SUPPORT AND FURTHER THE WORKS OF CUMBERLAND FAMILY MEDICAL CENTER, INC. THERE ARE CURRENTLY NO PAST OR PRESENT ACTIVITIES BEING PERFORMED. PLANNED ACTIVITIES INCLUDE SCHOLARSHIP DISTRIBUTION, PHYSICIAN RECRUITMENT, LONG-TERM INVESTMENTS, AND COMMUNITY OUTREACH.

    Expenses $387,873 · Grants $88,945

As filed on the 2025 return.

Listed in Part VII

  • Jim Flowers

    SECRETARY

    Total calculated
    $1,338
    From this org
    $0
    From related orgs
    $1,338
    Other
    $0
    Hours/week
    1 + 1 related

  • Paula Little

    CHAIRWOMEN

    Total calculated
    $1,460
    From this org
    $0
    From related orgs
    $1,460
    Other
    $0
    Hours/week
    1 + 1 related

  • Bridget Booher

    TREASURER

    Total calculated
    $608
    From this org
    $0
    From related orgs
    $608
    Other
    $0
    Hours/week
    1 + 2 related

  • Eric Loy MD

    CEO OF CFMC/MED DIR/PHYSIC

    Total calculated
    $1,539,659
    From this org
    $0
    From related orgs
    $1,509,222
    Other
    $30,437
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,399,411 related
    Bonus
    $0 + $91,405 related
    Other
    $0 + $18,406 related
    Deferred
    $0 + $12,901 related
    Nontaxable benefits
    $0 + $17,536 related
    Filer's total
    $0 + $1,539,659 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
28 August 2026
IRS schema version
2025v4.2
Source object
202612409349301016

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