Form 990 for tax year 2022
Filed by METHODIST MEDICAL CENTER FOUNDATION.
Totals
- Total revenue
- $308,847
- Total expenses
- $144,733
- Contributions and grants received
- $271,237
- Grants paid
- $108,385
- Program service revenue
- $0
- Investment income
- $47,940
- Other revenue
- -$10,330
- Total assets, end of year
- $1,316,051
- Total liabilities, end of year
- $22,816
- Net assets or fund balances, end of year
- $1,293,235
- Program services expenses (Part IX)
- $108,385
- Management and general expenses
- $11,313
- Fundraising expenses
- $25,035
- Program service expenses (Part III)
- $108,385
Program services were 74.9% 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
$104,657
-
1f · All other contributions, gifts and grants
$166,580
-
1g · Noncash contributions included above
$20,794
-
3 · Investment income
total $47,940 · excluded $47,940
-
8a · Fundraising events: gross income
$19,584
-
8a · Fundraising events: contributions included on line 1c
$104,657
-
8b · Fundraising events: direct expenses
$29,914
-
8c · Net income from fundraising events
total -$10,330 · excluded -$10,330
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $87,585 · program services $87,585
-
2 · Grants to domestic individuals
total $20,800 · program services $20,800
-
11a · Fees: management
total $31,451 · management and general $7,863 · fundraising $23,588
-
19 · Conferences, conventions and meetings
total $893 · management and general $478 · fundraising $415
-
24a · Other expenses: Bank Fees
total $2,327 · management and general $2,327
-
24b · Other expenses: Postage and Shipping
total $1,323 · management and general $330 · fundraising $993
-
24c · Other expenses: Dues and Licenses
total $305 · management and general $305
-
24d · Other expenses: Supplies
total $49 · management and general $10 · fundraising $39
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $201,134 · end of year $319,092
-
9 · Prepaid expenses and deferred charges
end of year $900
-
11 · Investments: publicly traded securities
beginning of year $1,110,909 · end of year $996,059
-
25 · Other liabilities
beginning of year $19,495 · end of year $22,816
-
27 · Net assets without donor restrictions
beginning of year $408,293 · end of year $376,393
-
28 · Net assets with donor restrictions
beginning of year $884,255 · end of year $916,842
Mission and programs · 2022
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 2022, the houses served 113 guests and provided 1,994 nights of stay for patients and families receiving cancer treatment, ICU/CCU care, and wound care at MMC. Based on standard local hotel rates, the value of the free lodging received by these guests was $239,280.
Expenses $80,946 · Grants $80,946
-
Contributions from the Covenant Health's annual employee giving campaign support the Jack Sills Chaplain's Benevolence Fund at Methodist Medical Center that provides emergency assistance for employees, patients, and patient families in times of crisis. In 2022, the fund assisted 168 patients and 46 employees with emergency aid for food, housing, transportation, medications/medical equipment, funeral expenses, and utilities.
Expenses $20,800 · Grants $20,800
-
MMC Foundation funded continuing education and advanced certifications for staff in the outpatient physical therapy clinic, including dry needling therapy training and lymphedema therapy certification.
Expenses $6,604 · Grants $6,604
-
Other program services include providing funding for the family birthing center.
Expenses $35 · Grants $35
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff Tambornini
Director/Chair
- Total calculated
- $0
- Hours/week
- 1
-
Wilma Brantley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte Cunningham
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Hope
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Ousley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Potter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shawn Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy H Biggs
President/CAO - Methodist Med Ctr
- Total calculated
- $0
- Hours/week
- 1 + 50 related
-
Patrick J Birmingham IV
VP of Philanthropy
- 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
-
$70,768
Hospitality Houses, Chaplaincy program, Family Birthing Center, medical equipment, and other support of various hospital programs and education.
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.
-
501(c)(3) · Acute care hospital · TN
Directly controlled by Covenant Health
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349310763
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