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Nonprofiteer
← BAPTIST HEALTH FOUNDATION GREATER LOUISVILLE INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTH FOUNDATION GREATER LOUISVILLE INC.

Totals

Total revenue
$4,010,105
Total expenses
$2,047,358
Contributions and grants received
$4,041,794
Grants paid
$1,514,393
Program service revenue
$0
Investment income
-$51,184
Other revenue
$19,495
Total assets, end of year
$18,915,674
Total liabilities, end of year
$129,530
Net assets or fund balances, end of year
$18,786,144
Program services expenses (Part IX)
$1,514,393
Management and general expenses
$274,038
Fundraising expenses
$258,927
Program service expenses (Part III)
$1,514,393

Program services were 74.0% 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.

  • 1c · Fundraising events

    $133,800

  • 1d · Related organizations

    $603,081

  • 1f · All other contributions, gifts and grants

    $3,304,913

  • 3 · Investment income

    total $73,279 · excluded $73,279

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

    securities $124,463

  • 7c · Gain or loss

    securities -$124,463

  • 7d · Net gain or loss

    total -$124,463 · excluded -$124,463

  • 8a · Fundraising events: gross income

    $104,159

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

    $133,800

  • 8b · Fundraising events: direct expenses

    $84,664

  • 8c · Net income from fundraising events

    total $19,495 · excluded $19,495

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,514,393 · program services $1,514,393

  • 7 · Other salaries and wages

    total $392,045 · management and general $196,023 · fundraising $196,022

  • 9 · Other employee benefits

    total $59,012 · management and general $29,506 · fundraising $29,506

  • 10 · Payroll taxes

    total $26,996 · management and general $13,498 · fundraising $13,498

  • 11f · Fees: investment management

    total $6,298 · management and general $6,298

  • 12 · Advertising and promotion

    total $13,708 · management and general $3,427 · fundraising $10,281

  • 13 · Office expenses

    total $12,140 · management and general $9,105 · fundraising $3,035

  • 17 · Travel

    total $8,820 · management and general $6,615 · fundraising $2,205

  • 24a · Other expenses: Administrative Expense

    total $6,262 · management and general $1,882 · fundraising $4,380

  • 24b · Other expenses: Purchased Services

    total $5,929 · management and general $5,929 · fundraising $0

  • 24c · Other expenses: Dues and Subscriptions

    total $1,422 · management and general $1,422

  • 24d · Other expenses: Minor Equipment

    total $333 · management and general $333

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,969,664 · end of year $1,354,764

  • 3 · Pledges and grants receivable

    beginning of year $2,979,561 · end of year $3,686,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,000 · end of year $1,100,298

  • 11 · Investments: publicly traded securities

    beginning of year $10,330,332 · end of year $12,690,123

  • 12 · Investments: other securities

    beginning of year $76,358 · end of year $84,455

  • 25 · Other liabilities

    beginning of year $252,749 · end of year $129,530

  • 27 · Net assets without donor restrictions

    beginning of year $7,971,304 · end of year $11,504,282

  • 28 · Net assets with donor restrictions

    beginning of year $7,281,862 · end of year $7,281,862

Mission and programs · 2022

Mission

Baptist Health Foundation Greater Louisville is a non-profit, non-stock corporation which operates to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Louisville and Baptist Health La Grange hospitals, owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospitals and Baptist Healthcare System, Inc. to provide quality healthcare services to meet the region's health needs. Baptist Healthcare System, Inc. is described under Section 501(c)(3) and is classified under Section 509(a)(1) as a public charity. The foundation is operated exclusively for the benefit of, to perform the functions of, and to carry out the mission and purposes of Baptist Healthcare System, Inc.

Activities or mission (Part I)

To assist, advance & strengthen Baptist Health Louisville & Baptist Health La Grange hospitals.

  • The primary purpose of the Baptist Health Foundation Greater Louisville is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Louisville and Baptist Health La Grange, hospitals owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospitals and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Louisville and La Grange hospitals provide medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. Donations made to Baptist Health Foundation Greater Louisville are used to support patient care and capital needs of Baptist Health Louisville and La Grange hospitals.

    Expenses $1,514,393 · Grants $1,514,393

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

Listed in Part VII

  • Agnes Houseal

    Director (Effective 8/29/23)

    Total calculated
    $0
    Hours/week
    1

  • Andrew Pellino

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Powell

    Vice Chairman & Director

    Total calculated
    $0
    Hours/week
    1

  • Chris O'Bryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clint Kaho

    VP & Director

    Total calculated
    $576,720
    From this org
    $0
    From related orgs
    $534,400
    Other
    $42,320
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,370 related
    Bonus
    $0 + $166,670 related
    Other
    $0 + $2,360 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,120 related
    Filer's total
    $0 + $576,720 related

  • Danny McMahan

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Deborah Reiss

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edith Wells

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Guthrie Zaring

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ideisha Bellamy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Greenwell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Simms

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joan Zink

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • John Crockett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Bunton

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Larry Gray

    Pres & Dir (Through 8/31/2023)

    Total calculated
    $840,448
    From this org
    $0
    From related orgs
    $805,763
    Other
    $34,685
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,655 related
    Bonus
    $0 + $193,268 related
    Other
    $0 + $30,840 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $22,485 related
    Filer's total
    $0 + $840,448 related

  • Maggie Keith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Broecker

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Mary Snook PHD

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Ramsey Nassar MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Robey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert L Hook Jr

    Director

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

  • Sara Lose

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephen Gibson

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Susan Stout Tamme

    Chairman & Director

    Total calculated
    $0
    Hours/week
    1

  • William Roby

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Summers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Woodford Hoagland

    Director (Through 11/9/22)

    Total calculated
    $0
    Hours/week
    1

  • Janet Norton

    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

  • Justin Leighty

    Asst. Secretary

    Total calculated
    $218,757
    From this org
    $0
    From related orgs
    $182,985
    Other
    $35,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $181,413 related
    Bonus
    $0
    Other
    $0 + $1,572 related
    Deferred
    $0 + $5,638 related
    Nontaxable benefits
    $0 + $30,134 related
    Filer's total
    $0 + $218,757 related

  • Richard Carrico

    Treasurer (Effective 2/6/23)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Stephen R Oglesby

    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

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, a related organization of Baptist Health Foundation Greater Louisville, 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, and - Approval by the Board or Compensation committee
Part I, Line 4b
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.

  • Baptist East Milestone LLC

    Excluded · Fitness Center · KY

    Directly controlled by BHS

  • Baptist-Physicicans' Surgery Center

    Related · Ambulatory Surgery Center · KY

    Directly controlled by BHS

  • Medical Associates of Middletown

    Related · Medical Office Building · KY

    Directly controlled by BHS

  • Baptist Health Cumberland Valley Surgical Center LLC

    Related · Ambulatory Surgery Center · KY

    Directly controlled by BHS

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202441959349300704

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