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Nonprofiteer
← METHODIST MEDICAL CENTER FOUNDATION

Form 990 for tax year 2024

Filed by METHODIST MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$503,123
Total expenses
$172,486
Contributions and grants received
$474,689
Grants paid
$135,318
Program service revenue
$0
Investment income
$39,443
Other revenue
-$11,009
Total assets, end of year
$2,067,048
Total liabilities, end of year
$13,851
Net assets or fund balances, end of year
$2,053,197
Program services expenses (Part IX)
$135,318
Management and general expenses
$10,408
Fundraising expenses
$26,760
Program service expenses (Part III)
$135,318

Program services were 78.5% 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

    $121,815

  • 1f · All other contributions, gifts and grants

    $352,874

  • 1g · Noncash contributions included above

    $1,571

  • 3 · Investment income

    total $39,443 · excluded $39,443

  • 8a · Fundraising events: gross income

    $6,840

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

    $121,815

  • 8b · Fundraising events: direct expenses

    $17,849

  • 8c · Net income from fundraising events

    total -$11,009 · excluded -$11,009

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,371 · program services $110,371

  • 2 · Grants to domestic individuals

    total $24,947 · program services $24,947

  • 11a · Fees: management

    total $33,023 · management and general $8,256 · fundraising $24,767

  • 12 · Advertising and promotion

    total $162 · fundraising $162

  • 19 · Conferences, conventions and meetings

    total $1,231 · management and general $846 · fundraising $385

  • 24a · Other expenses: Bank Fees

    total $1,078 · management and general $1,078

  • 24b · Other expenses: Meals & Entertainment

    total $904 · fundraising $904

  • 24c · Other expenses: Postage and Shipping

    total $651 · management and general $163 · fundraising $488

  • 24d · Other expenses: Supplies

    total $68 · management and general $14 · fundraising $54

  • 24e · All other expenses

    total $51 · management and general $51

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $424,875 · end of year $294,464

  • 3 · Pledges and grants receivable

    beginning of year $3,500 · end of year $119,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,722 · end of year $98

  • 11 · Investments: publicly traded securities

    beginning of year $1,137,494 · end of year $1,652,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,280 · end of year $0

  • 25 · Other liabilities

    beginning of year $18,066 · end of year $13,851

  • 27 · Net assets without donor restrictions

    beginning of year $581,692 · end of year $801,524

  • 28 · Net assets with donor restrictions

    beginning of year $965,553 · end of year $1,251,673

Mission and programs · 2024

Mission

The Foundation is charged with raising, managing and distributing charitable gift support for Methodist Medical Center of Oak Ridge (MMC) in order to perpetuate and advance the highest quality of health care services at MMC. Donations to the Foundation support health care programs, services, education and equipment at MMC not otherwise funded or reimbursable by public or private insurance. The Foundation's mission is to assist MMC with extending the gift of life to all those in need, regardless of their ability to pay.

Activities or mission (Part I)

To support the programs and services of Methodist Medical Center through charitable gifts.

  • The Hospitality Houses of Methodist Medical Center provide temporary lodging for patients and families who must travel long distances for treatment at Methodist Medical Center or Thompson Cancer Survival Center at MMC. The three homes offer 12 fully furnished apartments; shared kitchen, dining, laundry and family rooms; stocked pantries; transportation assistance as needed; and free parking. The program is supported entirely by charitable contributions.Guests of the Hospitality Houses stay as long as they need, free of charge. Since the first house opened in 1997, thousands of guests have received lodging. In 2024, the houses served 118 guests and provided 4,564 nights of stay for patients and families receiving cancer treatment, ICU/CCU care, and wound care at MMC. Guests traveled from 16 different Tennessee counties, as well as from Delaware, Florida, Georgia, Kentucky, Michigan, Pennsylvania and Texas. Based on standard local hotel rates, the value of the free lodging received by these guests was $547,680.

    Expenses $104,530 · Grants $104,530

  • MMC Foundation provides funding for patients and employees in times of crisis through the Jack Sills MMC Chaplain's Fund. In 2024, assistance was provided to 28 patients and 50 employees to assist with housing, transportation, funeral, food, utilities and medical expenses so that they could push through unexpected crisis situations and resume their productive lives.

    Expenses $24,947 · Grants $24,947

  • MMC Foundation funded continuing education equipment, clinical training and advanced certifications at Methodist Medical Center, including a training materials for nursing education, and advanced cardiovascular life support (ACLS) training for pharmacists.

    Expenses $3,788 · Grants $3,788

  • Additionally, the foundation distributed a gift-in-kind of e-readers to support medical students in the MMC Family Residency program, and funds to support the Imagination Library program for children born in the MMC family birthing unit.

    Expenses $2,053 · Grants $2,053

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

Listed in Part VII

  • Shawn Smith

    Director/Chair

    Total calculated
    $0
    Hours/week
    1

  • Charlotte Cunningham

    Director/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Wilma Brantley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chuck Hope

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Jenks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Ousley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mackenzie Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shannon Potter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wendy West

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeremy H Biggs

    President/CAO - Methodist

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • William R Bryant Jr

    VP and Chief Philanthrophy Officer

    Total calculated
    $0
    Hours/week
    9

  • Patrick J Birmingham IV

    Fmr VP Philanthr. (through Feb 2024)

    Total calculated
    $0
    Hours/week
    8

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

  • Methodist Medical Center

    $108,799

    Operating support for the hospitality houses, family practice medical residency program, staff clinical education and the family birthing unit, as well as capital equiment needs.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543079349301224

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