Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $622,901

• 1e · Government grants (contributions)

  $168,571

• 1f · All other contributions, gifts and grants

  $1,755,416

• 3 · Investment income

  total $53,934 · excluded $53,934

• 7a · Gross sales of assets other than inventory

  securities $13,660

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

  securities $0

• 7c · Gain or loss

  securities $13,660

• 7d · Net gain or loss

  total $13,660 · excluded $13,660

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,869,672 · program services $1,869,672

• 7 · Other salaries and wages

  total $395,663 · management and general $296,747 · fundraising $98,916

• 9 · Other employee benefits

  total $94,111 · management and general $70,583 · fundraising $23,528

• 10 · Payroll taxes

  total $27,774 · management and general $20,831 · fundraising $6,943

• 11f · Fees: investment management

  total $1,643 · management and general $1,643

• 12 · Advertising and promotion

  total $37,228 · management and general $18,614 · fundraising $18,614

• 13 · Office expenses

  total $7,750 · management and general $3,875 · fundraising $3,875

• 17 · Travel

  total $10,840 · management and general $5,420 · fundraising $5,420

• 19 · Conferences, conventions and meetings

  total $429 · management and general $429

• 24a · Other expenses: Administrative Expenses

  total $44,939 · management and general $4,494 · fundraising $40,445

• 24b · Other expenses: Miscellaneous

  total $2,693 · management and general $2,693

• 24c · Other expenses: Dues and Subscriptions

  total $1,474 · management and general $737 · fundraising $737

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $12,655 · end of year $34,411

• 3 · Pledges and grants receivable

  beginning of year $2,505,341 · end of year $1,998,380

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,348 · end of year $23,846

• 11 · Investments: publicly traded securities

  beginning of year $3,110,457 · end of year $3,561,314

• 15 · Other assets

  beginning of year $0 · end of year $641,017

• 17 · Accounts payable and accrued expenses

  beginning of year $40,000 · end of year $0

• 25 · Other liabilities

  beginning of year $21,974 · end of year $37,176

• 27 · Net assets without donor restrictions

  beginning of year $861,565 · end of year $2,038,514

• 28 · Net assets with donor restrictions

  beginning of year $4,716,262 · end of year $4,183,278

The filer's explanations (Part III)

Part I, Lines 4a-b

Line 4a: The following individuals, employed by Baptist Healthcare System, Inc., a related organization, received a severance payment: Amanda Henson $108,837 James Borders MD $203,821 Line 4b: The following individuals received a payout from the Baptist Healthcare System, Inc. Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Janet Norton $97,033 Stephen R. Oglesby $6,163

Part I, Line 3

Baptist Healthcare System, Inc., a related organization of Baptist Health Foundation Lexington, 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 -Approval by the Board of Directors or compensation committee

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Baptist East Milestone LLC

  N/A · Fitness Center · KY

• Baptist-Physicicans' Surgery Center

  N/A · Ambulatory Surgery Center · KY

• Medical Associates of Middletown

  N/A · Medical Office Building · KY

• Baptist Health Cumberland Valley Surgical Center LLC

  N/A · Ambulatory Surgery Center · KY