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Nonprofiteer
← BAPTIST HEALTH FOUNDATION CORBIN INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTH FOUNDATION CORBIN INC.

Totals

Total revenue
$1,413,516
Total expenses
$1,378,748
Contributions and grants received
$1,409,952
Grants paid
$1,122,546
Program service revenue
$0
Investment income
$2,716
Other revenue
$848
Total assets, end of year
$905,387
Total liabilities, end of year
$142,052
Net assets or fund balances, end of year
$763,335
Program services expenses (Part IX)
$1,122,546
Management and general expenses
$132,797
Fundraising expenses
$123,405
Program service expenses (Part III)
$1,122,546

Program services were 81.4% 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.

  • 1c · Fundraising events

    $8,800

  • 1d · Related organizations

    $269,000

  • 1e · Government grants (contributions)

    $976,537

  • 1f · All other contributions, gifts and grants

    $155,615

  • 3 · Investment income

    total $2,716 · excluded $2,716

  • 8a · Fundraising events: gross income

    $13,567

  • 8a · Fundraising events: contributions included on line 1c

    $8,800

  • 8b · Fundraising events: direct expenses

    $12,719

  • 8c · Net income from fundraising events

    total $848 · excluded $848

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,122,546 · program services $1,122,546

  • 7 · Other salaries and wages

    total $181,353 · management and general $90,677 · fundraising $90,676

  • 9 · Other employee benefits

    total $42,151 · management and general $21,076 · fundraising $21,075

  • 10 · Payroll taxes

    total $13,277 · management and general $6,639 · fundraising $6,638

  • 12 · Advertising and promotion

    total $3,605 · management and general $901 · fundraising $2,704

  • 13 · Office expenses

    total $5,842 · management and general $4,717 · fundraising $1,125

  • 17 · Travel

    total $1,641 · management and general $1,231 · fundraising $410

  • 24a · Other expenses: Bank Fees

    total $3,023 · management and general $3,023

  • 24b · Other expenses: Administrative Expense

    total $2,719 · management and general $2,719

  • 24c · Other expenses: Purchased Services

    total $2,591 · management and general $1,814 · fundraising $777

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $581,756 · end of year $79,804

  • 3 · Pledges and grants receivable

    beginning of year $106,595 · end of year $134,721

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,816 · end of year $68,387

  • 11 · Investments: publicly traded securities

    end of year $622,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,165 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,721 · end of year $142,052

  • 27 · Net assets without donor restrictions

    beginning of year $368,251 · end of year $434,305

  • 28 · Net assets with donor restrictions

    beginning of year $329,030 · end of year $329,030

Mission and programs · 2022

Mission

The mission of Baptist Health Foundation Corbin is to assist, advance, strengthen and support its sole member, Baptist Healthcare System, Inc. in their mission and ministry of continuing our Christian heritage of service by enhancing the health of the people and communities we serve. Baptist Health Foundation Corbin will encourage, solicit and receive donations, bequests, gifts and benefactions made to or for the benefit of Baptist Health Corbin hospital, an unincorporated operating division of Baptist Healthcare System, Inc. (BHS). BHS is described under Section 501(c)(3) and is classified under Section 509(a)(1) as a public charity. The foundation is operated exclusively for the benefit of, to perform the functions of, and to carry out the mission and purposes of Baptist Healthcare System, Inc.

Activities or mission (Part I)

The mission of the foundation is to support BH Corbin hospital in their ministry of healing.

  • The primary purpose of the Baptist Health Foundation Corbin is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Corbin, a hospital owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Corbin provides medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. Donations made to Baptist Health Foundation Corbin are used to support patient care and capital needs of Baptist Health Corbin hospital.

    Expenses $1,122,546 · Grants $1,122,546

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Coppock

    Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Andrew Parks MD

    Director (Effective 1/1/23)

    Total calculated
    $454,163
    From this org
    $0
    From related orgs
    $411,521
    Other
    $42,642
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,794 related
    Bonus
    $0 + $36,761 related
    Other
    $0 + $5,966 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,442 related
    Filer's total
    $0 + $454,163 related

  • Anne Klein Hoskins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Powers

    President & Director

    Total calculated
    $542,849
    From this org
    $0
    From related orgs
    $495,857
    Other
    $46,992
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,783 related
    Bonus
    $0 + $120,219 related
    Other
    $0 + $1,855 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $34,792 related
    Filer's total
    $0 + $542,849 related

  • Bruce Carpenter

    Director

    Total calculated
    $0
    Hours/week
    1

  • C William Briscoe

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carcille Burchette

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Worthy MD

    Director

    Total calculated
    $468,971
    From this org
    $0
    From related orgs
    $423,761
    Other
    $45,210
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,468 related
    Bonus
    $0 + $25,604 related
    Other
    $0 + $5,689 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $33,010 related
    Filer's total
    $0 + $468,971 related

  • Debbie Tipton

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Jeannie Hensley

    Chair & Dir (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Madgel Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Renna Philpot

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Sandy Curd

    Director (Through 5/5/23)

    Total calculated
    $0
    Hours/week
    1

  • Seth Reeves

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stefanie Ebbens-Kingsley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Suzie Barton Razmus

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Terri Daniel-Chumbley MD

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Tim Barnes

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Usha Patil MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wajdi Kfoury MD

    Director

    Total calculated
    $385,472
    From this org
    $0
    From related orgs
    $351,099
    Other
    $34,373
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,940 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $9,159 related
    Deferred
    $0 + $10,436 related
    Nontaxable benefits
    $0 + $23,937 related
    Filer's total
    $0 + $385,472 related

  • Janet Norton

    Secretary

    Total calculated
    $1,082,935
    From this org
    $0
    From related orgs
    $1,039,221
    Other
    $43,714
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $617,783 related
    Bonus
    $0 + $304,599 related
    Other
    $0 + $116,839 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $31,514 related
    Filer's total
    $0 + $1,082,935 related

  • Pamela Jones

    Asst Treasurer

    Total calculated
    $242,601
    From this org
    $0
    From related orgs
    $223,080
    Other
    $19,521
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,555 related
    Bonus
    $0 + $14,294 related
    Other
    $0 + $4,231 related
    Deferred
    $0 + $8,278 related
    Nontaxable benefits
    $0 + $11,243 related
    Filer's total
    $0 + $242,601 related

  • Richard Carrico

    Treasurer (Effective 2/6/23)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Stephen R Oglesby

    Treasurer (Through 1/6/23)

    Total calculated
    $1,488,025
    From this org
    $0
    From related orgs
    $1,445,051
    Other
    $42,974
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,985 related
    Bonus
    $0 + $573,685 related
    Other
    $0 + $134,381 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,774 related
    Filer's total
    $0 + $1,488,025 related

  • Whitley Gatliff

    Asst Secretary

    Total calculated
    $51,728
    From this org
    $0
    From related orgs
    $40,952
    Other
    $10,776
    Hours/week
    1 + 40 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Part I, Line 4b
The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Janet Norton $93,341 Stephen R. Oglesby $116,637
Part I, Line 3:
Baptist Healthcare System, a related organization of Baptist Health Foundation Corbin, Inc., uses the following to establish the compensation of the organization's CEO: - Compensation committee, - Independent compensation consultant, - Form 990 of other organizations, - Written employment contract, - Compensation survey or study, and - Approval by the Board or Compensation committee

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Baptist East Milestone LLC

    Excluded · Fitness Center · KY

    Directly controlled by BHS

  • Baptist Health Cumberland Valley Surgical Center LLC

    Related · Ambulatory Surgery Center · KY

    Directly controlled by BHS

  • Baptist-Physicicans' Surgery Center

    Related · Ambulatory Surgery Center · KY

    Directly controlled by BHS

  • Medical Associates of Middletown

    Related · Medical Office Building · KY

    Directly controlled by BHS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • controlled entity

  • controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202421959349300802

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