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Nonprofiteer
← BAPTIST HEALTH FOUNDATION FLOYD INC

Form 990 for tax year 2023

Filed by BAPTIST HEALTH FOUNDATION FLOYD INC.

Totals

Total revenue
$485,098
Total expenses
$185,796
Contributions and grants received
$484,651
Grants paid
$10,901
Program service revenue
$0
Investment income
$447
Other revenue
$0
Total assets, end of year
$309,103
Total liabilities, end of year
$908
Net assets or fund balances, end of year
$308,195
Program services expenses (Part IX)
$47,725
Management and general expenses
$85,344
Fundraising expenses
$52,727
Program service expenses (Part III)
$47,725

Program services were 25.7% 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

    $175,657

  • 1f · All other contributions, gifts and grants

    $308,994

  • 3 · Investment income

    total $267 · excluded $267

  • 7a · Gross sales of assets other than inventory

    securities $180

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

    securities $0

  • 7c · Gain or loss

    securities $180

  • 7d · Net gain or loss

    total $180 · excluded $180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,901 · program services $10,901

  • 7 · Other salaries and wages

    total $118,893 · program services $29,723 · management and general $59,447 · fundraising $29,723

  • 9 · Other employee benefits

    total $10,972 · program services $2,743 · management and general $5,486 · fundraising $2,743

  • 10 · Payroll taxes

    total $8,904 · program services $2,226 · management and general $4,452 · fundraising $2,226

  • 11f · Fees: investment management

    total $10 · management and general $10

  • 12 · Advertising and promotion

    total $21,022 · program services $1,546 · management and general $3,546 · fundraising $15,930

  • 13 · Office expenses

    total $9,102 · program services $586 · management and general $7,839 · fundraising $677

  • 17 · Travel

    total $1,238 · management and general $743 · fundraising $495

  • 24a · Other expenses: Dues & Subscriptions

    total $3,443 · management and general $3,443

  • 24b · Other expenses: Stewardship & Cultivati

    total $1,246 · management and general $313 · fundraising $933

  • 24c · Other expenses: Miscellaneous Expense

    total $65 · management and general $65

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $44,958

  • 3 · Pledges and grants receivable

    end of year $75,707

  • 9 · Prepaid expenses and deferred charges

    end of year $90,000

  • 11 · Investments: publicly traded securities

    end of year $60,695

  • 15 · Other assets

    beginning of year $0 · end of year $37,743

  • 25 · Other liabilities

    beginning of year $0 · end of year $908

  • 27 · Net assets without donor restrictions

    end of year $55,818

  • 28 · Net assets with donor restrictions

    end of year $252,377

Mission and programs · 2023

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 $47,725 · Grants $10,901

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann Carruthers

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Anthony Waterson

    Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Cedric Knight

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Daniel Wickens

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • David Barker

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • John Cassis

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Kyle Douglas Lanoue

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Schroyer

    President & Director

    Total calculated
    $643,666
    From this org
    $0
    From related orgs
    $604,730
    Other
    $38,936
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,182 related
    Bonus
    $0 + $144,604 related
    Other
    $0 + $7,944 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,736 related
    Filer's total
    $0 + $643,666 related

  • Nicole Dudley

    Vice Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Byrd

    Asst Secretary (Through 1/2/24)

    Total calculated
    $75,449
    From this org
    $0
    From related orgs
    $61,984
    Other
    $13,465
    Hours/week
    20 + 20 related

  • Janet M Norton

    Secretary

    Total calculated
    $1,109,535
    From this org
    $0
    From related orgs
    $1,070,881
    Other
    $38,654
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,490 related
    Bonus
    $0 + $307,860 related
    Other
    $0 + $120,531 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,454 related
    Filer's total
    $0 + $1,109,535 related

  • Jon Chastain

    Asst Treasurer

    Total calculated
    $270,326
    From this org
    $0
    From related orgs
    $240,224
    Other
    $30,102
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,788 related
    Bonus
    $0 + $15,898 related
    Other
    $0 + $1,538 related
    Deferred
    $0 + $9,085 related
    Nontaxable benefits
    $0 + $21,017 related
    Filer's total
    $0 + $270,326 related

  • Richard F Carrico

    Treasurer

    Total calculated
    $913,869
    From this org
    $0
    From related orgs
    $883,091
    Other
    $30,778
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,974 related
    Bonus
    $0 + $155,891 related
    Other
    $0 + $15,226 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,778 related
    Filer's total
    $0 + $913,869 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 individual received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as she is fully vested in the plan: Janet Norton $97,033

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

  • Cumberland Valley Surgical Center LLC

    Related · Ambulatory Surgery Center · KY

    Directly controlled by BHS

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202541969349301879

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