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Nonprofiteer
← HOSPITAL DEVELOPMENT FOUNDATION INC

Form 990 for tax year 2023

Filed by HOSPITAL DEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$3,121,859
Total expenses
$3,130,176
Contributions and grants received
$2,515,202
Grants paid
$2,455,546
Program service revenue
$0
Investment income
$606,657
Other revenue
$0
Total assets, end of year
$20,500,581
Total liabilities, end of year
$863,743
Net assets or fund balances, end of year
$19,636,838
Program services expenses (Part IX)
$2,630,981
Management and general expenses
$172,563
Fundraising expenses
$326,632
Program service expenses (Part III)
$2,592,336

Program services were 84.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $443,000

  • 1e · Government grants (contributions)

    $168,101

  • 1f · All other contributions, gifts and grants

    $1,904,101

  • 1g · Noncash contributions included above

    $180,000

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $450,210 · related or exempt $0 · unrelated business $0 · excluded $450,210

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $1,953,693 · other assets $0

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

    securities $1,797,246

  • 7c · Gain or loss

    securities $156,447 · other assets $0

  • 7d · Net gain or loss

    total $156,447 · related or exempt $0 · unrelated business $0 · excluded $156,447

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,863,460 · program services $1,863,460

  • 2 · Grants to domestic individuals

    total $592,086 · program services $592,086

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $329,491 · program services $82,373 · management and general $65,898 · fundraising $181,220

  • 8 · Pension plan contributions

    total $10,013 · program services $2,503 · management and general $2,003 · fundraising $5,507

  • 9 · Other employee benefits

    total $59,375 · program services $14,844 · management and general $11,875 · fundraising $32,656

  • 10 · Payroll taxes

    total $24,740 · program services $6,185 · management and general $4,948 · fundraising $13,607

  • 11a · Fees: management

    total $4,140 · program services $0 · management and general $4,140 · fundraising $0

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $1,764 · program services $0 · management and general $1,764 · fundraising $0

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

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

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $84,598 · program services $0 · management and general $6,577 · fundraising $78,021

  • 13 · Office expenses

    total $11,749 · program services $0 · management and general $11,749 · fundraising $0

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

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

  • 17 · Travel

    total $17,236 · program services $0 · management and general $17,236 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

    total $15,621 · program services $0 · management and general $0 · fundraising $15,621

  • 20 · Interest

    total $69,530 · program services $69,530 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

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

  • 24a · Other expenses: OTHER

    total $22,142 · management and general $22,142

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $14,611 · management and general $14,611

  • 24c · Other expenses: MERCHANT/BANK FEES

    total $3,387 · management and general $3,387

  • 24d · Other expenses: MAINTENANCE

    total $2,781 · management and general $2,781

  • 24e · All other expenses

    total $3,452 · program services $0 · management and general $3,452 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,398 · end of year $791,582

  • 2 · Savings and temporary cash investments

    beginning of year $218,516 · end of year $585,968

  • 3 · Pledges and grants receivable

    beginning of year $689,246 · end of year $433,973

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $123,000

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

    $3,000

  • 10c · Land, buildings and equipment, net

    beginning of year $120,000 · end of year $120,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,276,175 · end of year $1,976,881

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $15,820,444 · end of year $16,592,177

  • 17 · Accounts payable and accrued expenses

    beginning of year $691,342 · end of year $666,640

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $99,197 · end of year $197,103

  • 27 · Net assets without donor restrictions

    beginning of year $4,158,552 · end of year $5,271,507

  • 28 · Net assets with donor restrictions

    beginning of year $14,206,688 · end of year $14,365,331

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

BAXTER HEALTH FOUNDATION IS THE FUNDRAISING ARM FOR BAXTER HEALTH. THE FOUNDATION'S ONGOING FUNDING PROVIDES FINANCIAL SUPPORT FOR THE LATEST MEDICAL TECHNOLOGY, FACILITY UPGRADES, HEALTHCARE SCHOLARSHIPS, AND THE COMMUNITY HEALTH EDUCATION AND SUPPORT HOUSES. BAXTER HEALTH FOUNDATION IS DEVOTED TO THE HEALTHCARE NEEDS OF OUR COMMUNITY.

Activities or mission (Part I)

BAXTER HEALTH FOUNDATION'S MISSION IS RAISING MONEY TO KEEP THE COMMUNITY HEALTHY. THE FUND-RAISING EFFORTS OF THE FOUNDATION PROVIDE SUPPORT FOR BRMC.

  • THROUGH THEIR FUNDRAISING EFFORTS, BAXTER HEALTH FOUNDATION PROVIDES FINANCIAL SUPPORT TO BAXTER HEALTH (HOSPITAL). THE HOSPITAL PROVIDES HEALTH CARE SERVICES REGARDLESS OF A PERSON'S ABILITY TO PAY. THIS LEAVES THE HOSPITAL ABSORBING MORE THAN $10 MILLION IN UNPAID MEDICAL BILLS EACH YEAR. THROUGH CHARITABLE CONTRIBITIONS RECEIVED IN 2023 THE FOUNDATION WAS ABLE TO PROVIDE THE HOSPITAL WITH OVER $1,800,000 IN GENERAL SUPPORT INCLUDING FINANCIAL SUPPORT FOR THE PEITZ CANCER SUPPORT HOUSE, SCHLIEMANN CENTER FOR WOMENS HEALTH EDUCATION, REPPELL DIABETES LEARNING CENTER, AND MRUK FAMILY CENTER ON AGING. THE FOUNDATION ALSO PROVIDES FINANCIAL SUPPORT TO HOSPICE OF THE OZARKS, BAXTER REGIONAL HEALTH SYSTEM, AND MOUNTAIN HOME CHRISTIAN CLINIC.

    Expenses $2,000,250 · Grants $1,863,460

  • THE FOUNDATION MAINTAINS SEVERAL SCHOLARSHIPS, INCLUDING THE ANDERSON DOWNES, BAKER, KERR, AND CAROLINE AUSTINO SCHOLARSHIPS. THESE SCHOLARSHIPS PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS ENTERING THE HEALTH CARE PROFESSION. DURING 2023, THE FOUNDATION AWARDED MORE THAN 522,000 IN SCHOLARSHIPS TO NURSING, EMERGENCY MEDICAL TECHNICIAN, PARAMEDIC, AND MEDICAL DOCTOR STUDENTS.

    Expenses $592,086 · Grants $592,086

As filed on the 2023 return.

Listed in Part VII

  • Jodie Elizabeth Jeffrey

    Board Secretary

    Total calculated
    $0
    Hours/week
    5

  • Judy Loving

    Board Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • Leonard B Larry - See Statement

    Executive Director Through 01/03/2023

    Total calculated
    $0
    Hours/week
    20 + 30 related

  • Sandy Irby

    Board Chairman

    Total calculated
    $0
    Hours/week
    5

  • Sarah Edwards - SEE STATEMENT

    Executive Director Since 04/01/2023

    Total calculated
    $0
    Hours/week
    50

  • Steve Litty

    Board Treasurer

    Total calculated
    $0
    Hours/week
    5

  • April Rosa

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Billy Thompson

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Cynthia Dover

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Eric Lunnen

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Grace Crownover

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Heather Loftis

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Jackson Rhoades

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Jay Wescoat

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Joan Young

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • John Dyess

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • John Neis MD

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Katie King Risk

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Matthew Taylor AuD

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Peter Peitz

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Randall Drake

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Robert Clarke

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Tim Paden MD

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • Travis Doshier

    Board Member

    Total calculated
    $0
    Hours/week
    5

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.

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.

  • BRMC PAIN CENTER

    N/A · RENTAL R/E · AR · share of income $0 · share of assets $0

    Directly controlled by NA

  • BRMC CANCER DIAGNOSTIC CENTER

    N/A · RENTAL R/E · AR · share of income $0 · share of assets $0

    Directly controlled by NA

  • BAXTER REG OTPT SURGERY CENTER

    N/A · SURGERY CENTER · AR · share of income $0 · share of assets $0

    Directly controlled by NA

  • BAXTER REG OTPT SURGERY MGMT

    N/A · SURGERY MANAGEMENT · AR · share of income $0 · share of assets $0

    Directly controlled by NA

  • AR ORTHOPEDIC AND SURGICAL SPECIALIST LL

    N/A · SURGERY CENTER · AR · share of income $0 · share of assets $0

    Directly controlled by NA

  • COAL DUST ENTERPRISES LLC

    N/A · CLINIC RENTAL R/E · AR · share of income $0 · share of assets $0

    Directly controlled by NA

Related corporations and trusts

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

  • FRANCES F LAGERBORG TRUST

    Trust · TRUST · AR · 100% owned · share of income $1,964 · share of assets $1,220,313 · controlled entity

    Directly controlled by FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349303141

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