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Nonprofiteer
← BAPTIST MEMORIAL HEALTH CARE FOUNDATION

Form 990 for tax year 2022

Filed by BAPTIST MEMORIAL HEALTH CARE FOUNDATION.

Totals

Total revenue
$67,196,840
Total expenses
$18,934,844
Contributions and grants received
$9,486,745
Grants paid
$16,169,667
Program service revenue
$0
Investment income
$57,951,597
Other revenue
-$241,502
Total assets, end of year
$607,372,537
Total liabilities, end of year
$9,681,785
Net assets or fund balances, end of year
$597,690,752
Program services expenses (Part IX)
$17,103,224
Management and general expenses
$1,421,451
Fundraising expenses
$410,169
Program service expenses (Part III)
$17,103,224

Program services were 90.3% 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

    $1,017,617

  • 1d · Related organizations

    $62,000

  • 1e · Government grants (contributions)

    $4,885,670

  • 1f · All other contributions, gifts and grants

    $3,521,458

  • 1g · Noncash contributions included above

    $621,475

  • 3 · Investment income

    total $18,860,193 · excluded $18,860,193

  • 7a · Gross sales of assets other than inventory

    securities $39,250,785

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

    securities $159,374 · other assets $7

  • 7c · Gain or loss

    securities $39,091,411 · other assets -$7

  • 7d · Net gain or loss

    total $39,091,404 · excluded $39,091,404

  • 8a · Fundraising events: gross income

    $94,106

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

    $1,017,617

  • 8b · Fundraising events: direct expenses

    $335,608

  • 8c · Net income from fundraising events

    total -$241,502 · excluded -$241,502

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,028,381 · program services $16,028,381

  • 2 · Grants to domestic individuals

    total $141,286 · program services $141,286

  • 5 · Compensation of officers, directors and key employees

    total $45,600 · program services $27,360 · management and general $4,560 · fundraising $13,680

  • 7 · Other salaries and wages

    total $1,017,994 · program services $610,797 · management and general $101,799 · fundraising $305,398

  • 8 · Pension plan contributions

    total $29,373 · program services $17,624 · management and general $2,937 · fundraising $8,812

  • 9 · Other employee benefits

    total $135,079 · program services $81,047 · management and general $13,508 · fundraising $40,524

  • 10 · Payroll taxes

    total $70,764 · program services $42,459 · management and general $7,076 · fundraising $21,229

  • 11f · Fees: investment management

    total $1,131,123 · management and general $1,131,123

  • 11g · Fees: other

    total $135,059 · program services $124,595 · management and general $10,464

  • 13 · Office expenses

    total $21,580 · program services $19,323 · management and general $2,257

  • 17 · Travel

    total $20,526 · fundraising $20,526

  • 19 · Conferences, conventions and meetings

    total $883 · management and general $883

  • 20 · Interest

    total $145,611 · management and general $145,611

  • 22 · Depreciation, depletion and amortization

    total $1,233 · management and general $1,233

  • 23 · Insurance

    total $28 · program services $28

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,195 · program services $10,195 · management and general $0 · fundraising $0

  • 24b · Other expenses: LICENSES AND TAXES

    total $129 · program services $129 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350 · end of year $350

  • 2 · Savings and temporary cash investments

    beginning of year $52,763,536 · end of year $103,085,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $231 · end of year $0

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

    $15,182

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

    $15,182

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $492,817,326 · end of year $501,781,495

  • 15 · Other assets

    beginning of year $1,884,735 · end of year $2,504,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,477 · end of year $68,721

  • 18 · Grants payable

    beginning of year $7,971,302 · end of year $9,223,645

  • 25 · Other liabilities

    beginning of year $424,745 · end of year $389,419

  • 27 · Net assets without donor restrictions

    beginning of year $380,593,003 · end of year $415,665,906

  • 28 · Net assets with donor restrictions

    beginning of year $158,428,651 · end of year $182,024,846

Mission and programs · 2022

Mission

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., THE FUNDRAISING ARM OF BAPTIST MEMORIAL HEALTH CARE CORPORATION, RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS.

Activities or mission (Part I)

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S PRIMARY MISSION IS TO SOLICIT AND RECEIVE CONTRIBUTIONS, GIFTS, GRANTS, DEVISES, OR BEQUESTS OF REAL AND/OR PERSONAL PROPERTY FROM INDIVIDUALS, FOUNDATIONS, PARTNERSHIPS, ASSOCIATIONS, GOVERNMENTAL BODIES, PUBLIC AND/OR PRIVATE CORPORATIONS AND TO MAINTAIN, USE, AND APPLY, DIRECTLY OR INDIRECTLY, THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM.

  • BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., ESTABLISHED IN 1983, IS THE FUNDRAISING ARM OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM WHICH RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF BAPTIST MEMORIAL HEALTH CARE CORPORATION. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, PEDIATRIC, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS.BOARD OF DIRECTORS GRANT PROGRAM BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S BOARD OF DIRECTORS GRANT PROGRAM HAS MADE AVAILABLE THE NECESSARY FUNDS TO EXPAND EXISTING SERVICES AND PROGRAMS THROUGHOUT THE SYSTEM CREATING A NUMBER OF NEW AND EXCITING INITIATIVES. THE FUNDS MADE AVAILABLE FOR THE BOARD OF DIRECTORS GRANT PROGRAM HAVE COME THROUGH UNRESTRICTED CONTRIBUTIONS, AS WELL AS, CAREFUL INVESTMENT OF THE BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S ENDOWMENT.THE FOLLOWING PROGRAMS RECEIVED NEW FUNDING DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023:ADVANCEMENTS IN AI FOR NODULE DETECTION: THIS GRANT WILL IDENTIFY AND IMPLEMENT ARTIFICIAL INTELLIGENCE TOOLS THAT WILL WORK SEAMLESSLY WITH CURRENT CANCER DETECTION PROCEDURES AT BAPTIST CANCER CENTER LOCATIONS TO INCREASE THE DETECTION OF NODULES IN EARLY STAGES AT VARIOUS DISEASE SITES. REIMAGINING PATIENT CARE-VIRTUAL SUPPORT RN CARE DELIVERY MODEL: THIS GRANT WILL DEVELOP AND PILOT A UNIT-LEVEL EMBEDDED VIRTUAL SUPPORT NURSE CARE DELIVERY MODEL AT BAPTIST MEMORIAL HOSPITAL-MEMPHIS. EXPANSION OF PEDIATRIC SERVICES: THIS GRANT WILL EXPEDITIOUSLY SERVE MORE PEDIATRIC PATIENTS AND CLOSE THE EXISTING COMMUNITY GAP IN KEY PEDIATRIC SERVICES INCLUDING ENT, ORTHOPEDIC PROCEDURES AND SWALLOW STUDIES. GRANT FUNDS WILL BE USED TO PURCHASE EQUIPMENT AND CREATE A NEW OPERATING ROOM AT SPENCE AND BECKY WILSON BAPTIST CHILDREN'S HOSPITAL.BURN AND HAND AT MISSISSIPPI BAPTIST MEDICAL CENTER, INC.: THIS GRANT WILL PROVIDE EQUIPMENT FOR THE NEW BURN AND HAND PROGRAM AT MISSISSIPPI BAPTIST MEDICAL CENTER, INC. TO ASSIST WITH ACCREDITATION AS MISSISSIPPI'S BURN CENTER. OFFICER GRANTSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S OFFICER GRANT PROGRAM ALLOWS OFFICERS AND BOARD MEMBERS OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. TO FACILITATE SMALLER GRANT REQUESTS ($100,000 AND LESS) WITH A HEALTH-RELATED FOCUS. SOME OF THE INITIATIVES AND ORGANIZATIONS ASSISTED THROUGH THESE GRANT PROGRAMS INCLUDE:SUPPORT FOR COMMUNITY OUTREACH PROJECTS TO INCLUDE EXPANSION OF FREE GRIEF SERVICES AT MILLA'S HOUSE AND THE GRIEF CENTER IN COLLIERVILLE, TENNESSEE, ROOM AND BOARD COSTS FOR INDIGENT PATIENTS AT THE HOSPICE HOUSE, CANCER PATIENT ASSISTANCE EVENTS IN MEMPHIS, OXFORD AND JONESBORO; AND THE BIG BLUE MOBILE CLINIC WHICH PROVIDES FREE AND REDUCED COST HEALTH CARE SERVICES TO RESIDENTS OF NORTHEAST ARKANSAS AND MEETING THE NEEDS OF THE UNDERSERVED. DONOR-RESTRICTED FUNDSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS A NUMBER OF DONOR-RESTRICTED FUNDS WHICH PROVIDE BENEFITS TO PATIENTS OF THE AFFILIATE HOSPITALS AS WELL AS THE COMMUNITY AT LARGE. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PROVIDES SUPPORT FOR BOTH THE CHARITY NEEDS OF PATIENTS AND EMPLOYEES THROUGH CHARITABLE CARE AND EMPLOYEE EMERGENCY ASSISTANCE FUNDS.

    Expenses $17,103,224 · Grants $16,169,667

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

Listed in Part VII

  • STEPHEN C REYNOLDS

    DIRECTOR

    Total calculated
    $90,040
    From this org
    $0
    From related orgs
    $90,027
    Other
    $13
    Hours/week
    0.2 + 39.8 related

  • ANN DUNCAN

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    0.2

  • BRANDON ARRINDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • DOUGLAS EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ERIC BROWN

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • HAL FOGELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • HENRY W MORGAN SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • HOPE DMUCHOWSKI

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • JOHNNIE D AMONETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • JOSEPH WELLER

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    0.23 + 0.2 related

  • KATHLEEN BLAIR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2

  • KEMMONS WILSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • LAUREN WILSON YOUNG

    DIRECTOR (THRU 12/22)

    Total calculated
    $0
    Hours/week
    0.23 + 0.75 related

  • NANCY BENTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • PACE COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • SHANNON BROWN

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • STEVE THRELKELD MD

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • WEBB WILSON

    DIRECTOR (01/23 THRU 02/23)

    Total calculated
    $0
    Hours/week
    0.23

  • JASON M LITTLE

    PRESIDENT

    Total calculated
    $2,456,642
    From this org
    $0
    From related orgs
    $2,357,357
    Other
    $99,285
    Hours/week
    1.33 + 38.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,300,107 related
    Bonus
    $0 + $571,150 related
    Other
    $0 + $486,100 related
    Deferred
    $0 + $63,875 related
    Nontaxable benefits
    $0 + $35,410 related
    Filer's total
    $0 + $2,456,642 related

  • WILLIAM A GRIFFIN

    CFO

    Total calculated
    $1,258,096
    From this org
    $0
    From related orgs
    $1,190,725
    Other
    $67,371
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,950 related
    Bonus
    $0 + $246,770 related
    Other
    $0 + $320,005 related
    Deferred
    $0 + $49,875 related
    Nontaxable benefits
    $0 + $17,496 related
    Filer's total
    $0 + $1,258,096 related

  • GREGORY M DUCKETT

    SECRETARY

    Total calculated
    $1,202,849
    From this org
    $0
    From related orgs
    $1,120,752
    Other
    $82,097
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,324 related
    Bonus
    $0 + $191,182 related
    Other
    $0 + $442,246 related
    Deferred
    $0 + $48,172 related
    Nontaxable benefits
    $0 + $33,925 related
    Filer's total
    $0 + $1,202,849 related

  • ROBBIE JOHNSON

    VP-CHIEF DEV. OFFICER

    Total calculated
    $331,293
    From this org
    $0
    From related orgs
    $293,886
    Other
    $37,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $195,438 related
    Bonus
    $0 + $33,453 related
    Other
    $0 + $64,995 related
    Deferred
    $0 + $8,877 related
    Nontaxable benefits
    $0 + $28,530 related
    Filer's total
    $0 + $331,293 related

  • JENNIFER S NEVELS

    EXEC. FOUNDATION DIR. (THRU 08/22)

    Total calculated
    $258,589
    From this org
    $206,682
    From related orgs
    $0
    Other
    $51,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,698
    Bonus
    $20,391
    Other
    $35,593
    Deferred
    $38,797
    Nontaxable benefits
    $13,110
    Filer's total
    $258,589

  • JAMES S FOUNTAIN

    FORMER SR. VP & CHIEF DEV. OFFICER

    Total calculated
    $136,033
    From this org
    $0
    From related orgs
    $136,033
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $136,008 related
    Other
    $0 + $25 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $136,033 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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
BAPTIST MEMORIAL HEALTH CARE CORPORATION, A RELATED ORGANIZATION OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B:
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: JASON M. LITTLE - $351,138 GREGORY M. DUCKETT - $344,125 WILLIAM A. GRIFFIN - $206,248
PART I, LINE 7:
THE BAPTIST MEMORIAL HEALTH CARE SYSTEM HAS ESTABLISHED A MANAGEMENT ACCOUNTABILITY AND FINANCIAL INCENTIVE PLAN THAT ENCOURAGES MANAGEMENT PARTICIPATION IN THE SIGNIFICANT IMPROVEMENTS OF THE QUALITY, FINANCIAL, GROWTH, AND HUMAN RESOURCE RELATED OPERATIONS OF THE ORGANIZATION. AN INCENTIVE BONUS MAY BE PAID TO APPROVED MEMBERS OF MANAGEMENT BASED ON ATTAINMENT OF GOALS IN THE AREAS OF 1) PATIENT SATISFACTION; 2) EMPLOYEE SATISFACTION; 3) PHYSICIAN SATISFACTION; 4) QUALITY AND SAFETY; 5) OPERATIONAL PERFORMANCE METRICS; AND 6) OPERATING INCOME MARGIN. PARTICIPANTS RECEIVE POINTS UNDER A PLAN SCORING SYSTEM FOR MEETING THEIR PREDETERMINED GOALS. THE POINTS ARE THEN ENTERED INTO THE PLAN FORMULA TO DETERMINE THE INCENTIVE COMPENSATION.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442279349304069

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