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Nonprofiteer
← BAPTIST HEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTH FOUNDATION INC.

Totals

Total revenue
$2,114,148
Total expenses
$2,471,153
Contributions and grants received
$1,809,108
Grants paid
$1,772,364
Program service revenue
$0
Investment income
$321,222
Other revenue
-$16,182
Total assets, end of year
$26,508,961
Total liabilities, end of year
$5,614,271
Net assets or fund balances, end of year
$20,894,690
Program services expenses (Part IX)
$2,226,576
Management and general expenses
$69,879
Fundraising expenses
$174,698
Program service expenses (Part III)
$2,226,576

Program services were 90.1% 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

    $50,800

  • 1f · All other contributions, gifts and grants

    $1,758,308

  • 3 · Investment income

    total $230,001 · excluded $230,001

  • 7a · Gross sales of assets other than inventory

    securities $1,111,105

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

    securities $1,019,884

  • 7c · Gain or loss

    securities $91,221

  • 7d · Net gain or loss

    total $91,221 · excluded $91,221

  • 8a · Fundraising events: gross income

    $0

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

    $50,800

  • 8b · Fundraising events: direct expenses

    $16,182

  • 8c · Net income from fundraising events

    total -$16,182 · excluded -$16,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,656,680 · program services $1,656,680

  • 2 · Grants to domestic individuals

    total $115,684 · program services $115,684

  • 5 · Compensation of officers, directors and key employees

    total $190,257 · program services $123,667 · management and general $19,026 · fundraising $47,564

  • 7 · Other salaries and wages

    total $237,987 · program services $154,691 · management and general $23,799 · fundraising $59,497

  • 8 · Pension plan contributions

    total $6,521 · program services $4,239 · management and general $652 · fundraising $1,630

  • 9 · Other employee benefits

    total $60,963 · program services $39,626 · management and general $6,096 · fundraising $15,241

  • 10 · Payroll taxes

    total $30,327 · program services $19,712 · management and general $3,033 · fundraising $7,582

  • 11f · Fees: investment management

    total $37,251 · program services $24,213 · management and general $3,725 · fundraising $9,313

  • 13 · Office expenses

    total $27,760 · program services $18,044 · management and general $2,776 · fundraising $6,940

  • 17 · Travel

    total $1,940 · program services $1,261 · management and general $194 · fundraising $485

  • 19 · Conferences, conventions and meetings

    total $363 · program services $236 · management and general $36 · fundraising $91

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $71,540 · program services $46,501 · management and general $7,154 · fundraising $17,885

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $33,648 · program services $21,871 · management and general $3,365 · fundraising $8,412

  • 24c · Other expenses: EMPLOYEE RECOGNITION

    total $232 · program services $151 · management and general $23 · fundraising $58

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,041,776 · end of year $2,433,187

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,605 · end of year $5,482

  • 13 · Investments: program-related

    beginning of year $21,828,418 · end of year $24,051,688

  • 15 · Other assets

    beginning of year $18,258 · end of year $18,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $849,436 · end of year $703,104

  • 25 · Other liabilities

    beginning of year $3,129,513 · end of year $4,911,167

  • 27 · Net assets without donor restrictions

    beginning of year $3,359,655 · end of year $3,512,343

  • 28 · Net assets with donor restrictions

    beginning of year $15,552,453 · end of year $17,382,347

Mission and programs · 2022

Mission

BAPTIST HEALTH FOUNDATION, INC. RAISES FUNDS TO SUPPORT THE CHARITABLE HEALTH CARE MISSION OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. AND ITS AFFILIATED TAX EXEMPT ENTITIES.

  • BAPTIST HEALTH FOUNDATION, INC., ESTABLISHED IN 1989, IS THE FUNDRAISING ARM OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC., WHICH RAISES MONEY TO BENEFIT VARIOUS MISSISSIPPI BAPTIST MEDICAL CENTER, INC. PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. HELP ACCOMPLISH MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE AND HOSPITAL AND CLINICAL EDUCATION. BAPTIST HEALTH FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. BAPTIST HEALTH FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY MISSISSIPPI BAPTIST MEDICAL CENTER, INC. FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST HEALTH FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS. BAPTIST HEALTH FOUNDATION, INC. SPONSORS SEVERAL FUNDRAISING EVENTS THROUGHOUT THE YEAR. "HEARTS & CLUBS" GOLF TOURNAMENT IS AN ANNUAL EVENT THAT RAISES MONEY FOR BAPTIST HEART AND CARDIOVASCULAR SERVICES. OVER 100 GOLFERS PARTICIPATE IN A SCRAMBLE-STYLE TOURNAMENT HOSTED BY BAPTIST HEALTH FOUNDATION, INC. EVENT PROCEEDS ARE COLLECTED THROUGH CORPORATE SPONSORSHIPS, TEAM ENTRIES, AND IN-KIND DONATIONS."FUND FOR THE GIRLS", MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S BREAST HEALTH INITIATIVE, PROVIDES BREAST SERVICES FREE OF CHARGE TO THOSE IN NEED - INCLUDING SCREENING AND DIAGNOSTIC MAMMOGRAMS, ULTRASOUNDS, BIOPSIES, AND OTHER SERVICES MEDICALLY INDICATED. SUPPORT COMES FROM COMMUNITY DONATIONS INCLUDING INDIVIDUALS, BUSINESSES, SCHOOLS, PHYSICIANS, BAPTIST EMPLOYEES, PATIENTS, AND BOARD MEMBERS. VARIOUS EVENTS ARE HELD THROUGHOUT THE YEAR, ESPECIALLY DURING THE FALL. IF YOU WOULD LIKE MORE INFORMATION ON BAPTIST HEALTH FOUNDATION, INC. PLEASE VISIT OUR WEBSITE AT HTTPS://BAPTISTHEALTH.FOUNDATION/.

    Expenses $2,226,576 · Grants $1,772,364

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

Listed in Part VII

  • Gary C Anderson

    DIRECTOR (THRU 08/23)

    Total calculated
    $1,146,758
    From this org
    $0
    From related orgs
    $1,062,887
    Other
    $83,871
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,848 related
    Bonus
    $0 + $213,044 related
    Other
    $0 + $317,995 related
    Deferred
    $0 + $58,938 related
    Nontaxable benefits
    $0 + $24,933 related
    Filer's total
    $0 + $1,146,758 related

  • Henry C Waterer MD

    DIRECTOR

    Total calculated
    $743,556
    From this org
    $0
    From related orgs
    $653,462
    Other
    $90,094
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,813 related
    Bonus
    $0 + $367,148 related
    Other
    $0 + $501 related
    Deferred
    $0 + $67,000 related
    Nontaxable benefits
    $0 + $23,094 related
    Filer's total
    $0 + $743,556 related

  • Bobbie K Ware

    DIRECTOR

    Total calculated
    $580,041
    From this org
    $0
    From related orgs
    $520,362
    Other
    $59,679
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,216 related
    Bonus
    $0 + $89,030 related
    Other
    $0 + $68,116 related
    Deferred
    $0 + $41,858 related
    Nontaxable benefits
    $0 + $17,821 related
    Filer's total
    $0 + $580,041 related

  • James A Grantham

    DIRECTOR (AS OF 09/23)

    Total calculated
    $347,881
    From this org
    $0
    From related orgs
    $284,693
    Other
    $63,188
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,960 related
    Bonus
    $0 + $59,177 related
    Other
    $0 + $35,556 related
    Deferred
    $0 + $38,155 related
    Nontaxable benefits
    $0 + $25,033 related
    Filer's total
    $0 + $347,881 related

  • Adolphus B Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Arthur Skip Jernigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23 + 3.77 related

  • Bill Lampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Christopher H Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Dudley D Wooley

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.23

  • H Douglas Hederman

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • Harry Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Jason S Greener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Kurt W Metzner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23 + 0.23 related

  • La'Verne Edney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Margaret McLarty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Mary E Shapley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Melissa Hederman

    DIRECTOR (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    0.23

  • Rick J Calhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Roy D Campbell III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Thomas M Underwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Tommy Thames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • William A Andy Wimberly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • William C Ashford MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • Jason M Little

    PRESIDENT

    Total calculated
    $2,456,642
    From this org
    $0
    From related orgs
    $2,357,357
    Other
    $99,285
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,300,107 related
    Bonus
    $0 + $571,150 related
    Other
    $0 + $486,100 related
    Deferred
    $0 + $63,875 related
    Nontaxable benefits
    $0 + $35,410 related
    Filer's total
    $0 + $2,456,642 related

  • Gregory M Duckett

    SECRETARY

    Total calculated
    $1,202,849
    From this org
    $0
    From related orgs
    $1,120,752
    Other
    $82,097
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,324 related
    Bonus
    $0 + $191,182 related
    Other
    $0 + $442,246 related
    Deferred
    $0 + $48,172 related
    Nontaxable benefits
    $0 + $33,925 related
    Filer's total
    $0 + $1,202,849 related

  • William F Thompson

    CFO

    Total calculated
    $501,673
    From this org
    $0
    From related orgs
    $438,640
    Other
    $63,033
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,355 related
    Bonus
    $0 + $57,840 related
    Other
    $0 + $109,445 related
    Deferred
    $0 + $38,377 related
    Nontaxable benefits
    $0 + $24,656 related
    Filer's total
    $0 + $501,673 related

  • Stephen Snead

    EXECUTIVE DIRECTOR

    Total calculated
    $192,432
    From this org
    $0
    From related orgs
    $163,383
    Other
    $29,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $149,593 related
    Bonus
    $0 + $13,528 related
    Other
    $0 + $262 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,049 related
    Filer's total
    $0 + $192,432 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 MEMORIAL HEALTH CARE CORPORATION, A RELATED ORGANIZATION OF BAPTIST HEALTH FOUNDATION, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: JASON M. LITTLE - $351,138 GREGORY M. DUCKETT - $344,125 GARY C. ANDERSON - $216,372 ADDITIONALLY, MISSISSIPPI BAPTIST HEALTH SYSTEMS, INC. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, A NON-QUALIFIED, UNFUNDED DEFERRED COMPENSATION PLAN EFFECTIVE JULY 1, 2010, FOR THE BENEFIT OF CERTAIN MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES OF THE SYSTEM. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ABILITY OF THE SYSTEM TO ATTRACT AND RETAIN QUALIFIED MANAGEMENT PERSONNEL WITH A MARKET-COMPETITIVE SUPPLEMENTAL RETIREMENT BENEFIT ON A TAX-DEFERRED BASIS. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: WILLIAM F. THOMPSON - $109,172

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 - DESOTO SURGERY CENTER LP

    AMBULATORY SURGERY · MS · general or managing partner

  • BAPTIST - EMSC LP

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST - UT INSTITUTE FOR ACADEMIC EXCELLENCE LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BAPTIST-GERMANTOWN SURGERY CENTER LLC

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL GP

    REHABILITATION SERVICES · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL - MADISON LLC

    REHABILITATION SERVICES · MS · general or managing partner

  • BMH NORTH MISSISSIPPI IMAGING SERVICES LLC

    DIAGNOSTIC SERVICES · MS

  • BAPTIST AND PHYSICIANS' OUTPATIENT SURGERY CENTER OF N MISSISSIPPI LP

    AMBULATORY SURGERY · MS

  • BAPTIST STERN CARDIOVASCULAR CO-MANAGEMENT LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BMHSIAEL MICROBIOLOGY LABORATORY GP

    LABORATORY SERVICES · TX · general or managing partner

  • BRAIN AND SPINE NETWORK BAPTIST SEMMES-MURPHEY LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • DOWNTOWN FITNESS LLC

    FITNESS CENTER · MS

  • EAST MEMPHIS UROLOGY CENTER LP

    AMBULATORY UROLOGICAL SERVICES · TN · general or managing partner

  • MADISON HEALTHPLEX PERFORMANCE TRAINING CENTER LLC

    FITNESS CENTER · MS · general or managing partner

  • MAIN STREET FAMILY MEDICAL LLC

    MEDICAL SERVICES · MS · general or managing partner

  • MAYS & SCHNAPP PAIN CLINIC

    PAIN MANAGEMENT SERVICES · TN · general or managing partner

  • MEDICAL ALTERNATIVES

    PROVIDE HOME INFUSION PRODUCTS AND SERVICES TO PATIENTS · TN · general or managing partner

  • MID-SOUTH IMAGING CENTER LLC

    DIAGNOSTIC SERVICES · MS · general or managing partner

  • WEST TENNESSEE IMAGING LLC

    MEDICAL SERVICES · TN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BAPTIST HEALTH SERVICES GROUP OF THE MID-SOUTH INC

    C · HEALTH INSURANCE CONTRACTING · TN · controlled entity

  • GERMANTOWN BUSINESS PARK OWNERS ASSOCIATION

    C · BOOKKEEPING & DATA PROCESSING GERMANTOWN BUS. PARK · TN · controlled entity

  • HEALTH TECH AFFILIATES INC

    C · BUYING & LEASING REAL & PERSONAL PROPERTY · TN · controlled entity

  • MISSISSIPPI BAPTIST MEDICAL ENTERPRISES INC AND SUBS

    C · INVESTMENTS · MS · controlled entity

  • SOUTHCREST PROPERTY OWNERS ASSOCIATION INC

    C · BOOKKEEPING & DATA PROCESSING FOR THE SOUTHCREST DEVELOPMENT · MS · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202422279349304202

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