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Nonprofiteer
← FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$15,356,777
Total expenses
$275,138
Contributions and grants received
$15,134,421
Grants paid
$62,803
Program service revenue
$0
Investment income
$222,356
Other revenue
$0
Total assets, end of year
$76,966,470
Total liabilities, end of year
$92,108
Net assets or fund balances, end of year
$76,874,362
Program services expenses (Part IX)
$196,938
Management and general expenses
$78,200
Fundraising expenses
$0
Program service expenses (Part III)
$196,938

Program services were 71.6% 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

    $15,134,421

  • 3 · Investment income

    total $712,872 · excluded $712,872

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

    securities $490,516

  • 7c · Gain or loss

    securities -$490,516

  • 7d · Net gain or loss

    total -$490,516 · excluded -$490,516

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $62,803 · program services $62,803

  • 11b · Fees: legal

    total $16,553 · management and general $16,553

  • 11c · Fees: accounting

    total $3,639 · management and general $3,639

  • 11g · Fees: other

    total $100,502 · program services $76,934 · management and general $23,568

  • 13 · Office expenses

    total $47,196 · program services $44,342 · management and general $2,854

  • 17 · Travel

    total $527 · program services $152 · management and general $375

  • 19 · Conferences, conventions and meetings

    total $36,698 · program services $10,618 · management and general $26,080

  • 24a · Other expenses: LAUNDRY & UNIFORMS

    total $7,020 · program services $2,031 · management and general $4,989

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $100 · program services $29 · management and general $71

  • 24c · Other expenses: FEES AND LICENSES

    total $100 · program services $29 · management and general $71

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136,343 · end of year $53,747

  • 2 · Savings and temporary cash investments

    beginning of year $61,955,244 · end of year $58,934,691

  • 12 · Investments: other securities

    end of year $17,978,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,310 · end of year $7,370

  • 25 · Other liabilities

    beginning of year $74,229 · end of year $84,738

  • 27 · Net assets without donor restrictions

    beginning of year $62,013,048 · end of year $76,874,362

Mission and programs · 2022

Mission

FAMILY MEDICAL CENTERS COMMUNITY FOUNDATION, INC.'S SPECIFIC PURPOSES SHALL BE TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CUMBERLAND FAMILY MEDICAL CENTER, INC.

  • TO PROMOTE, SUPPORT AND FURTHER THE WORKS OF CUMBERLAND FAMILY MEDICAL CENTER, INC. THERE ARE CURRENTLY NO PAST OR PRESENT ACTIVITIES BEING PERFORMED. PLANNED ACTIVITIES INCLUDE SCHOLARSHIP DISTRIBUTION, PHYSICIAN RECRUITMENT, LONG-TERM INVESTMENTS, AND COMMUNITY OUTREACH.

    Expenses $196,938 · Grants $62,803

As filed on the 2022 return.

Listed in Part VII

  • Eric Loy MD

    CEO OF CFMC/MED DIR/PHYSICIAN

    Total calculated
    $1,212,566
    From this org
    $0
    From related orgs
    $1,168,681
    Other
    $43,885
    Hours/week
    1.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,124,809 related
    Bonus
    $0 + $43,872 related
    Other
    $0
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $25,585 related
    Filer's total
    $0 + $1,212,566 related

  • Paula Little

    CHAIR

    Total calculated
    $1,217
    From this org
    $0
    From related orgs
    $1,217
    Other
    $0
    Hours/week
    1 + 1 related

  • Bridget Booher

    TREASURER

    Total calculated
    $1,338
    From this org
    $0
    From related orgs
    $1,338
    Other
    $0
    Hours/week
    1 + 2 related

  • Jim Flowers

    SECRETARY

    Total calculated
    $1,460
    From this org
    $0
    From related orgs
    $1,460
    Other
    $0
    Hours/week
    1 + 1 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202333049349300028

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