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Nonprofiteer
← BAPTIST HOSPITALS FOUNDATION INC

Form 990 for tax year 2022

Filed by BAPTIST HOSPITALS FOUNDATION INC.

Totals

Total revenue
$7,786,742
Total expenses
$2,375,078
Contributions and grants received
$7,786,750
Grants paid
$155,984
Program service revenue
$0
Investment income
-$8
Other revenue
$0
Total assets, end of year
$8,571,488
Total liabilities, end of year
$99,036
Net assets or fund balances, end of year
$8,472,452
Program services expenses (Part IX)
$534,502
Management and general expenses
$931,593
Fundraising expenses
$908,983
Program service expenses (Part III)
$534,502

Program services were 22.5% 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

    $2,215,917

  • 1f · All other contributions, gifts and grants

    $5,570,833

  • 3 · Investment income

    total $12,564 · excluded $12,564

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

    securities $12,572

  • 7c · Gain or loss

    securities -$12,572

  • 7d · Net gain or loss

    total -$12,572 · excluded -$12,572

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $155,984 · program services $155,984

  • 7 · Other salaries and wages

    total $1,279,419 · program services $230,295 · management and general $575,739 · fundraising $473,385

  • 8 · Pension plan contributions

    total $33,730 · program services $6,071 · management and general $15,178 · fundraising $12,481

  • 9 · Other employee benefits

    total $127,390 · program services $22,930 · management and general $57,325 · fundraising $47,135

  • 10 · Payroll taxes

    total $90,294 · program services $16,253 · management and general $40,632 · fundraising $33,409

  • 11e · Fees: professional fundraising services

    total $17,950 · fundraising $17,950

  • 11f · Fees: investment management

    total $3,176 · management and general $3,176

  • 12 · Advertising and promotion

    total $39,157 · management and general $15,578 · fundraising $23,579

  • 13 · Office expenses

    total $59,641 · program services $7,866 · management and general $40,165 · fundraising $11,610

  • 14 · Information technology

    total $164,032 · management and general $88,504 · fundraising $75,528

  • 17 · Travel

    total $117,469 · program services $46,719 · management and general $47,256 · fundraising $23,494

  • 24a · Other expenses: Cultivation & Stewardsh

    total $139,603 · program services $8,751 · fundraising $130,852

  • 24b · Other expenses: Purchased Services

    total $89,767 · program services $15,466 · management and general $14,973 · fundraising $59,328

  • 24c · Other expenses: Dues & Subscriptions

    total $50,670 · program services $22,240 · management and general $28,430

  • 24d · Other expenses: Administrative Expenses

    total $4,869 · management and general $4,637 · fundraising $232

  • 24e · All other expenses

    total $1,927 · program services $1,927

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $891,767 · end of year $188,398

  • 3 · Pledges and grants receivable

    beginning of year $1,276,554 · end of year $977,509

  • 11 · Investments: publicly traded securities

    beginning of year $818,300 · end of year $2,371,800

  • 13 · Investments: program-related

    beginning of year $33,781 · end of year $33,781

  • 15 · Other assets

    beginning of year $8 · end of year $5,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,000 · end of year $7,740

  • 25 · Other liabilities

    beginning of year -$59,373 · end of year $91,296

  • 27 · Net assets without donor restrictions

    beginning of year $645,640 · end of year $6,102,309

  • 28 · Net assets with donor restrictions

    beginning of year $2,370,143 · end of year $2,370,143

Mission and programs · 2022

Mission

To serve as an instrument to assist, advance and strengthen Baptist Healthcare System, Inc. in their ministry of healing, in their service as a health center for their communities, and in all related health and humanitarian endeavors.

  • Baptist Healthcare Foundation, Inc., is organized and operated to benefit Baptist Healthcare System, Inc., the largest not-for-profit health system in Kentucky in their ministry of healing and service. The foundation builds on the Baptist Health heritage of leadership, healing, service and commitment by fostering partnerships to assist, advance and strengthen the exceptional medical care at our hospitals and throughout the diverse communities we serve. Amounts paid to Baptist Healthcare Foundation are used to support patient care and capital needs at our eight member hospitals. All Baptist Health facilities provide medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay.

    Expenses $534,502 · Grants $155,984

As filed on the 2022 return.

Listed in Part VII

  • Gerard Colman

    President & Director

    Total calculated
    $3,305,146
    From this org
    $0
    From related orgs
    $2,928,385
    Other
    $376,761
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,607,435 related
    Bonus
    $0 + $1,301,999 related
    Other
    $0 + $18,951 related
    Deferred
    $0 + $345,027 related
    Nontaxable benefits
    $0 + $31,734 related
    Filer's total
    $0 + $3,305,146 related

  • Alan Rudd

    Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Victoria Buster

    Vice Chair & Director

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1 + 1 related

  • R Christion Hutson

    Director

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1 + 1 related

  • James Rickard

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Janet M Norton

    Vice President & 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

  • Stephen R Oglesby

    VP & 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

  • Richard F Carrico

    VP & Treasurer (Effective 2/6/23)

    Total calculated
    $0
    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 3
Baptist Healthcare System, Inc., a related organization of Baptist Healthcare Foundation, 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, -Approval by the Board of Directors or compensation committee.
Part I, Line 4b
One officer and/or executive of a related organization that is a current officer of Baptist Healthcare Foundation, Inc., participated in the Supplemental Executive Retirement Plan and accrued amounts for 2022 which is a portion of the amount reported as deferred compensation in Schedule J, Column C. Other retirement and deferred compensation reported in Schedule J, Column C include amounts for the Retirement Accumulation Plan and Thrift Plan. The following individual participates in and accrued amounts from the Supplemental Executive Retirement Plan: Gerard Colman $332,827 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'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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202401959349300900

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