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Nonprofiteer
← BAPTIST HEALTH FOUNDATION FLOYD INC

Form 990 for tax year 2024

Filed by BAPTIST HEALTH FOUNDATION FLOYD INC.

Totals

Total revenue
$602,104
Total expenses
$284,608
Contributions and grants received
$588,426
Grants paid
$107,555
Program service revenue
$0
Investment income
$13,678
Other revenue
$0
Total assets, end of year
$668,159
Total liabilities, end of year
$553
Net assets or fund balances, end of year
$667,606
Program services expenses (Part IX)
$142,329
Management and general expenses
$80,840
Fundraising expenses
$61,439
Program service expenses (Part III)
$142,329

Program services were 50.0% 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.

  • 1d · Related organizations

    $163,722

  • 1f · All other contributions, gifts and grants

    $424,704

  • 3 · Investment income

    total $6,499 · excluded $6,499

  • 7a · Gross sales of assets other than inventory

    securities $7,179

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

    securities $0

  • 7c · Gain or loss

    securities $7,179

  • 7d · Net gain or loss

    total $7,179 · excluded $7,179

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $107,555 · program services $107,555

  • 7 · Other salaries and wages

    total $103,968 · program services $25,992 · management and general $51,984 · fundraising $25,992

  • 9 · Other employee benefits

    total $14,913 · program services $3,728 · management and general $7,457 · fundraising $3,728

  • 10 · Payroll taxes

    total $7,823 · program services $1,956 · management and general $3,911 · fundraising $1,956

  • 11f · Fees: investment management

    total $260 · management and general $260

  • 12 · Advertising and promotion

    total $21,442 · program services $2,144 · management and general $3,216 · fundraising $16,082

  • 13 · Office expenses

    total $9,538 · program services $954 · management and general $7,535 · fundraising $1,049

  • 17 · Travel

    total $2,704 · management and general $2,050 · fundraising $654

  • 24a · Other expenses: Stewardship & Cultivati

    total $15,971 · management and general $3,993 · fundraising $11,978

  • 24b · Other expenses: Administrative Exp

    total $434 · management and general $434

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $44,958 · end of year $5,808

  • 3 · Pledges and grants receivable

    beginning of year $75,707 · end of year $84,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,000 · end of year $50,000

  • 11 · Investments: publicly traded securities

    beginning of year $30,642 · end of year $262,928

  • 12 · Investments: other securities

    beginning of year $30,053 · end of year $222,764

  • 15 · Other assets

    beginning of year $37,743 · end of year $42,508

  • 25 · Other liabilities

    beginning of year $908 · end of year $553

  • 27 · Net assets without donor restrictions

    beginning of year $55,818 · end of year $312,006

  • 28 · Net assets with donor restrictions

    beginning of year $252,377 · end of year $355,600

Mission and programs · 2024

Mission

The mission of Baptist Health Foundation Floyd is to assist, advance, strengthen and support its sole member, Baptist Healthcare System, Inc. in their mission and ministry of continuing our Christian heritage of service by enhancing the health of the people and communities we serve. Baptist Health Foundation Floyd will encourage, solicit and receive donations, bequests, gifts and benefactions made to or for the benefit of Baptist Health Floyd hospital, an unincorporated operating division of Baptist Healthcare System, Inc. (BHS). BHS 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 and strengthen Baptist Health Floyd hospital.

  • The primary purpose of Baptist Health Foundation Floyd is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Floyd, a hospital owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Floyd provides 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 Floyd are used to support patient care and the capital needs of Baptist Health Floyd hospital.

    Expenses $142,329 · Grants $107,555

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Carruthers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Waterson

    Chair (through 12/31/24) & Director

    Total calculated
    $0
    Hours/week
    1

  • Cedric Knight

    Vice Chair (1/1/25) & Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Williamson

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Daniel Wickens

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Barker

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Cassis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kyle Douglas Lanoue

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Schroyer

    President & Director

    Total calculated
    $736,595
    From this org
    $0
    From related orgs
    $695,730
    Other
    $40,865
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,424 related
    Bonus
    $0 + $205,808 related
    Other
    $0 + $14,498 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,065 related
    Filer's total
    $0 + $736,595 related

  • Nicole Dudley

    Chair (1/1/25) & Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Pelaski

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Tyiana Thompson

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Janet M Norton

    Secretary

    Total calculated
    $1,252,551
    From this org
    $0
    From related orgs
    $1,211,941
    Other
    $40,610
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,360 related
    Bonus
    $0 + $425,349 related
    Other
    $0 + $123,232 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $26,810 related
    Filer's total
    $0 + $1,252,551 related

  • Jon Chastain

    Asst Treasurer

    Total calculated
    $274,962
    From this org
    $0
    From related orgs
    $264,066
    Other
    $10,896
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,450 related
    Bonus
    $0 + $27,032 related
    Other
    $0 + $2,584 related
    Deferred
    $0 + $9,378 related
    Nontaxable benefits
    $0 + $1,518 related
    Filer's total
    $0 + $274,962 related

  • Richard F Carrico

    Treasurer

    Total calculated
    $1,666,118
    From this org
    $0
    From related orgs
    $1,615,014
    Other
    $51,104
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $849,088 related
    Bonus
    $0 + $487,888 related
    Other
    $0 + $278,038 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,304 related
    Filer's total
    $0 + $1,666,118 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 Health Foundation Floyd, 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 of Directors or the Compensation Committee.
Part I, Line 4b
The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Janet Norton $99,734 Richard F. Carrico $254,540

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

    N/A · Fitness Center · KY

  • Baptist Physicicans Surgery Center

    N/A · Ambulatory Surgery Center · KY

  • Medical Associates of Middletown

    N/A · Medical Office Building · KY

  • Cumberland Valley Surgical Center LLC

    N/A · Ambulatory Surgery Center · KY

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202641969349303169

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