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Nonprofiteer
← KNOXVILLE ACADEMY OF MEDICINE FOUNDATION

Form 990 for tax year 2022

Filed by KNOXVILLE ACADEMY OF MEDICINE FOUNDATION.

Totals

Total revenue
$2,181,827
Total expenses
$1,663,746
Contributions and grants received
$2,117,807
Grants paid
$0
Program service revenue
$0
Investment income
$535
Other revenue
$63,485
Total assets, end of year
$2,306,293
Total liabilities, end of year
$1,007,244
Net assets or fund balances, end of year
$1,299,049
Program services expenses (Part IX)
$1,663,746
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,663,746

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $2,117,608

  • 1f · All other contributions, gifts and grants

    $199

  • 3 · Investment income

    total $535 · related or exempt $535

  • 6a · Gross rents

    real property $2,364

  • 6c · Rental income or loss

    real property $2,364

  • 6d · Net rental income or loss

    total $2,364 · related or exempt $2,364

  • 8a · Fundraising events: gross income

    $74,011

  • 8b · Fundraising events: direct expenses

    $12,890

  • 8c · Net income from fundraising events

    total $61,121

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $881,626 · program services $881,626

  • 8 · Pension plan contributions

    total $50,051 · program services $50,051

  • 9 · Other employee benefits

    total $129,101 · program services $129,101

  • 10 · Payroll taxes

    total $82,704 · program services $82,704

  • 11b · Fees: legal

    total $20 · program services $20

  • 11c · Fees: accounting

    total $8,140 · program services $8,140

  • 12 · Advertising and promotion

    total $87,229 · program services $87,229

  • 13 · Office expenses

    total $19,508 · program services $19,508

  • 14 · Information technology

    total $8,668 · program services $8,668

  • 16 · Occupancy

    total $28,822 · program services $28,822

  • 17 · Travel

    total $4,934 · program services $4,934

  • 20 · Interest

    total $17,362 · program services $17,362

  • 22 · Depreciation, depletion and amortization

    total $118,162 · program services $118,162

  • 23 · Insurance

    total $1,601 · program services $1,601

  • 24a · Other expenses: GRANTS/ADMIN

    total $200,827 · program services $200,827

  • 24b · Other expenses: MISCELLANEOUS

    total $17,517 · program services $17,517

  • 24c · Other expenses: VIP EXPENSE

    total $4,399 · program services $4,399

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,932 · program services $2,932

  • 24e · All other expenses

    total $143 · program services $143

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,912 · end of year $39,755

  • 2 · Savings and temporary cash investments

    beginning of year $115,046

  • 3 · Pledges and grants receivable

    beginning of year $446,893 · end of year $1,024,687

  • 4 · Accounts receivable

    end of year $5,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,817 · end of year $93,372

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

    $251,929

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

    $171,833

  • 10c · Land, buildings and equipment, net

    beginning of year $70,119 · end of year $80,096

  • 12 · Investments: other securities

    beginning of year $139,356 · end of year $166,557

  • 15 · Other assets

    end of year $895,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,824 · end of year $3,830

  • 25 · Other liabilities

    end of year $1,003,414

  • 27 · Net assets without donor restrictions

    beginning of year $56,094 · end of year $224,702

  • 28 · Net assets with donor restrictions

    beginning of year $815,225 · end of year $1,074,347

Mission and programs · 2022

Mission

TO PROVIDE NO-COST HEALTH CARE TO FAMILIES WHO HAVE NO INSURANCE AND DO NOT QUALIFY FOR THE STATE'S LOW INCOME INSURANCE PROGRAM.

  • THE PURPOSE OF THE FOUNDATION IS TO PROVIDE AN APPROPRIATE ENTITY FOR THE RECEIPT OF INTER VIVOS GIFTS, TESTAMENTARY BEQUESTS, AND OTHER PHILANTHROPIC SUPPORT FROM INTERESTED PERSONS AND/OR ENTITIES FOR THE MAINTENANCE, RESTORATION, PRESERVATION AND / OR FOR SUCH OTHER APPROPRIATE PROFESSIONAL /MEDICAL INITIATIVES AND PROGRAMS AND OTHER LAWFUL PROVISIONS OF THE TENNESSEE NONPROFIT CORPORATION ACT, TCA SECTION 48-51-101 ET SEQ., AND THE PROVISIONS OF SECTION 170(C) (3) AND SECTION 201 (C) (3) OF THE INTERNAL REVENUE CODE. IN THE PAST, THE MOST OF THE FOUNDATION'S EFFORT WAS TO PROVIDE FLU SHOTS TO PEOPLE IN THE KNOXVILLE AREA. THIS WAS MOSTLY FINANCED BY THE MEMBERS OF KAM AND CONTRIBUTIONS RECEIVED AT THE EVENT WENT TO A LOCAL CHARITY. THE WAS DISCONTINUED AND HAS BEEN REPLACED BY A PROGRAM TO PROVIDE NO-COST HEALTH CARE TO FAMILIES WHO HAVE NO INSURANCE AND DO NOT QUALIFY FOR THE STATE'S LOW INCOME INSURANCE PROGRAM. IN THE PAST YEAR THE FOUNDATION HAS ASSISTED MORE THAN 4500 INDIVIDUAL PATIENTS.

    Expenses $1,663,746

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

Listed in Part VII

  • Eric Pennimanm Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Barry Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Shamiyeh MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Rothwell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil Coleman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pat O'Brien MD

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • Patrick McFarland MD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rosalind Cadigan MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Stephen Wheless MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Massaro MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Weaver PhD

    CORPORATE SE

    Total calculated
    $0
    Hours/week
    29

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349326446

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