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Nonprofiteer
← ARKANSAS METHODIST MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2023

Filed by ARKANSAS METHODIST MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$350,052
Total expenses
$375,943
Contributions and grants received
$84,990
Grants paid
$216,468
Program service revenue
$0
Investment income
$172,279
Other revenue
$92,783
Total assets, end of year
$4,018,373
Total liabilities, end of year
$261,517
Net assets or fund balances, end of year
$3,756,856
Program services expenses (Part IX)
$296,206
Management and general expenses
$39,869
Fundraising expenses
$39,868
Program service expenses (Part III)
$296,206

Program services were 78.8% 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.

  • 1c · Fundraising events

    $13,578

  • 1f · All other contributions, gifts and grants

    $71,412

  • 3 · Investment income

    total $172,279 · excluded $172,279

  • 8a · Fundraising events: gross income

    $88,528

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

    $13,578

  • 8b · Fundraising events: direct expenses

    $23,667

  • 8c · Net income from fundraising events

    total $64,861 · excluded $64,861

  • 9a · Gaming: gross income

    $31,928

  • 9b · Gaming: direct expenses

    $4,006

  • 9c · Net income from gaming

    total $27,922 · excluded $27,922

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $214,518 · program services $214,518

  • 2 · Grants to domestic individuals

    total $1,950 · program services $1,950

  • 7 · Other salaries and wages

    total $101,944 · program services $50,972 · management and general $25,486 · fundraising $25,486

  • 10 · Payroll taxes

    total $7,136 · program services $3,568 · management and general $1,784 · fundraising $1,784

  • 11f · Fees: investment management

    total $19,667 · program services $9,833 · management and general $4,917 · fundraising $4,917

  • 12 · Advertising and promotion

    total $50 · program services $25 · management and general $13 · fundraising $12

  • 22 · Depreciation, depletion and amortization

    total $8,300 · program services $4,150 · management and general $2,075 · fundraising $2,075

  • 24a · Other expenses: SUPPLIES EXPENSE

    total $15,300 · program services $7,650 · management and general $3,825 · fundraising $3,825

  • 24b · Other expenses: PURCHASED SERVICES

    total $4,301 · program services $2,151 · management and general $1,075 · fundraising $1,075

  • 24c · Other expenses: BANK/CREDIT CARD FEES

    total $1,784 · program services $892 · management and general $446 · fundraising $446

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $893 · program services $447 · management and general $223 · fundraising $223

  • 24e · All other expenses

    total $100 · program services $50 · management and general $25 · fundraising $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,650 · end of year $52,796

  • 4 · Accounts receivable

    beginning of year $10,341 · end of year $10,341

  • 7 · Other notes and loans receivable

    beginning of year $397,517 · end of year $397,517

  • 10a · Land, buildings and equipment: cost or other basis

    $332,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,147

  • 10c · Land, buildings and equipment, net

    beginning of year $303,153 · end of year $294,853

  • 12 · Investments: other securities

    beginning of year $2,983,477 · end of year $3,154,459

  • 15 · Other assets

    beginning of year $108,407 · end of year $108,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $190,862 · end of year $261,517

  • 27 · Net assets without donor restrictions

    beginning of year $3,239,747 · end of year $3,280,027

  • 28 · Net assets with donor restrictions

    beginning of year $469,936 · end of year $476,829

Mission and programs · 2023

Mission

TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER AND OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR CHARITABLE AND SCIENTIFIC PURPOSES.

Activities or mission (Part I)

TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER AND OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.

  • PROVISION OF FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER & OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR CHARITABLE AND SCIENTIFIC PURPOSES, FUNDS ADVANCED TO THESE ORGANIZATIONS ASSISTED IN THE PROVISION OF STATE OF THE ART HEALTH CARE IN THE ORGANIZATION'S COMMUNITY.

    Expenses $296,206 · Grants $216,468

As filed on the 2023 return.

Listed in Part VII

  • Mark Rowland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Angela Rice

    BOARD MEMBER-SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Sonia Fonticiella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Ann Marie Guinn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Lora Laubach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Angie Halverson

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    1.5

  • Brigitte McDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Stan Carmack

    BOARD MEMBER - NONVOTING

    Total calculated
    $179,586
    From this org
    $0
    From related orgs
    $160,496
    Other
    $19,090
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,496 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,928 related
    Nontaxable benefits
    $0 + $14,162 related
    Filer's total
    $0 + $179,586 related

  • Christy Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tracy Brengard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Frank Schefano MD

    BOARD MEMBER - PART YEAR

    Total calculated
    $0
    Hours/week
    1.5 + 1 related

  • Rev Dane Womack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 1 related

  • Brad Rogers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5 + 1 related

  • Kelly Roswell

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Barry Davis

    CEO

    Total calculated
    $263,376
    From this org
    $0
    From related orgs
    $249,958
    Other
    $13,418
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,958 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,962 related
    Nontaxable benefits
    $0 + $6,456 related
    Filer's total
    $0 + $263,376 related

  • Tori Thompson

    EXECUTIVE DIRECTOR

    Total calculated
    $61,165
    From this org
    $0
    From related orgs
    $53,078
    Other
    $8,087
    Hours/week
    40

  • Brad Bloemer

    CFO/CEO

    Total calculated
    $222,432
    From this org
    $0
    From related orgs
    $203,707
    Other
    $18,725
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,563 related
    Nontaxable benefits
    $0 + $14,162 related
    Filer's total
    $0 + $222,432 related

  • Staci Williams

    TREASURER

    Total calculated
    $130,550
    From this org
    $0
    From related orgs
    $112,854
    Other
    $17,696
    Hours/week
    1 + 41 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • AMMCSBMC MANAGEMENT LLC

    WOUND CARE SERVICES · AR

  • PARAGOULD MEDICAL PARK LLC

    MEDICAL PARK FOR PHYSICIAN OFFICES/OUTPATIENT SVCS · AR

Provenance

Return type
form_990
Tax year
2023
Filed
4 March 2025
IRS schema version
2023v6.0
Source object
202530649349300433

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