Form 990 for tax year 2023
Filed by WEST TENNESSEE HEALTHCARE FOUNDATION.
Totals
- Total revenue
- $6,555,219
- Total expenses
- $6,729,428
- Contributions and grants received
- $5,377,840
- Grants paid
- $4,112,479
- Program service revenue
- $0
- Investment income
- $1,242,305
- Other revenue
- -$64,926
- Total assets, end of year
- $57,764,370
- Total liabilities, end of year
- $235,008
- Net assets or fund balances, end of year
- $57,529,362
- Program services expenses (Part IX)
- $5,589,868
- Management and general expenses
- $707,374
- Fundraising expenses
- $432,186
- Program service expenses (Part III)
- $5,589,868
Program services were 83.1% 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
$129,672
-
1e · Government grants (contributions)
$107,245
-
1f · All other contributions, gifts and grants
$5,140,923
-
1g · Noncash contributions included above
$250,467
-
3 · Investment income
total $1,010,407 · excluded $1,010,407
-
7a · Gross sales of assets other than inventory
securities $973,577
-
7b · Less cost or other basis and sales expenses
securities $741,679
-
7c · Gain or loss
securities $231,898
-
7d · Net gain or loss
total $231,898 · excluded $231,898
-
8a · Fundraising events: gross income
$49,255
-
8a · Fundraising events: contributions included on line 1c
$129,672
-
8b · Fundraising events: direct expenses
$114,181
-
8c · Net income from fundraising events
total -$64,926 · excluded -$64,926
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,041,904 · program services $4,041,904
-
2 · Grants to domestic individuals
total $70,575 · program services $70,575
-
5 · Compensation of officers, directors and key employees
total $126,848 · program services $29,175 · management and general $63,424 · fundraising $34,249
-
7 · Other salaries and wages
total $212,430 · program services $49,443 · management and general $105,517 · fundraising $57,470
-
9 · Other employee benefits
total $23,770 · program services $8,115 · management and general $6,696 · fundraising $8,959
-
10 · Payroll taxes
total $26,230 · program services $8,806 · management and general $7,682 · fundraising $9,742
-
11b · Fees: legal
total $26,713 · management and general $26,713
-
11c · Fees: accounting
total $66,992 · program services $32,397 · management and general $34,595
-
11f · Fees: investment management
total $242,022 · management and general $242,022
-
11g · Fees: other
total $239,502 · program services $128,738 · management and general $110,764
-
12 · Advertising and promotion
total $49,019 · program services $22,907 · management and general $16,240 · fundraising $9,872
-
13 · Office expenses
total $7,707 · program services $3,854 · fundraising $3,853
-
16 · Occupancy
total $141,157 · program services $114,804 · management and general $26,353
-
17 · Travel
total $23,523 · program services $23,523
-
22 · Depreciation, depletion and amortization
total $27,778 · program services $12,222 · management and general $13,611 · fundraising $1,945
-
23 · Insurance
total $22,917 · program services $6,345 · management and general $16,572
-
24a · Other expenses: SUPPLIES
total $428,187 · program services $415,635 · management and general $5,803 · fundraising $6,749
-
24b · Other expenses: CHARITABLE FUND PROGRAM
total $317,838 · program services $317,838
-
24c · Other expenses: CHARITABLE FUND EVENT E
total $278,078 · program services $0 · management and general $0 · fundraising $278,078
-
24d · Other expenses: CONTRACT PERSONNEL
total $94,807 · program services $78,117 · management and general $1,669 · fundraising $15,021
-
24e · All other expenses
total $261,431 · program services $225,470 · management and general $29,713 · fundraising $6,248
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $85 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $4,777,244 · end of year $2,141,891
-
3 · Pledges and grants receivable
beginning of year $533,397 · end of year $357,106
-
9 · Prepaid expenses and deferred charges
beginning of year $17,472 · end of year $14,668
-
10a · Land, buildings and equipment: cost or other basis
$980,556
-
10b · Land, buildings and equipment: accumulated depreciation
$495,290
-
10c · Land, buildings and equipment, net
beginning of year $513,963 · end of year $485,266
-
11 · Investments: publicly traded securities
beginning of year $21,077,270 · end of year $22,839,096
-
12 · Investments: other securities
beginning of year $26,501,172 · end of year $31,926,343
-
17 · Accounts payable and accrued expenses
beginning of year $76,194 · end of year $172,643
-
18 · Grants payable
beginning of year $47,772 · end of year $0
-
25 · Other liabilities
beginning of year $56,896 · end of year $62,365
-
27 · Net assets without donor restrictions
beginning of year $14,690,660 · end of year $14,618,493
-
28 · Net assets with donor restrictions
beginning of year $38,549,081 · end of year $42,910,869
Mission and programs · 2023
Mission
COMPRISED MAINLY OF RESTRICTED ENDOWMENTS, THE FOUNDATION MANAGES ENDOWMENTS THAT PROVIDE FOR MANY OF THE NEEDS OF RURAL WEST TENNESSEE COMMUNITIES AS WELL AS ENDOWMENT MANAGEMENT SERVICES FOR OTHER NONPROFITS.
Activities or mission (Part I)
EDUCATION AND OUTREACH TO SUPPORT THE MINISTRY OF HEALTH AND HEALING THROUGHOUT WEST TENNESSEE
-
ANNUAL DISTRIBUTIONS OF INCOME PROVIDE A STEADY, BUDGET-ABLE INCOME STREAM FOR THE NONPROFIT CAUSES WHILE THE GROWTH OF THE ENDOWMENT PROVIDES FOR GROWING NEEDS OF THE NONPROFIT OR CAUSE.
Expenses $5,589,868 · Grants $4,112,479
As filed on the 2023 return.
Listed in Part VII
-
Bill BuckleyBILL BUCKLEY
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy NanneyNANCY NANNEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tim CrossettTIM CROSSETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jeb CampbellJEB CAMPBELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Greg AlexanderGREG ALEXANDER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Harbert Alexander JrHARBERT ALEXANDER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna FranklandDONNA FRANKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Young KimYOUNG KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Derrick BrittDERRICK BRITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Darren LykesDARREN LYKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Keli McAlisterKELI MCALISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lee MurrayLEE MURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jay SatterfieldJAY SATTERFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nathan PrideNATHAN PRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Molly RheneyMOLLY RHENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert WaldenROBERT WALDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew LongANDREW LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathy WattsKATHY WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Arthur WoodsARTHUR WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tina MercerTINA MERCER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill WhiteBILL WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandra DeeSANDRA DEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marlon KingMARLON KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Darlette SamuelsDARLETTE SAMUELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Frank McMeenFRANK MCMEEN
PRESIDENT
- Total calculated
- $152,049
- From this org
- $152,049
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,049
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $152,049
-
Landon TaylorLANDON TAYLOR
CFO - END SEPT. 29, 2023
- Total calculated
- $61,978
- From this org
- $60,698
- From related orgs
- $0
- Other
- $1,280
- Hours/week
- 40
-
Gary RothsteinGARY ROTHSTEIN
CFO - START MARCH 2024
- Total calculated
- $0
- Hours/week
- 40
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
-
OLD FRIENDSHIP BAPTIST CHURCH
$1,275,000
FOR BUILDING FUND
-
$709,281
$84,066.06 FOR WEST TN HEART AND VASCULAR RESEARCH;$5,000 FOR THE JSCC ULTRASOUND PROGRAM; $8,450.95 FOR EMS WELLNESS ROOM; $49,945.12 FOR METHODIST LEBONHEUR; $2635 FOR NURSING DEPT; $70,156.19 FOR TLC REINBOW RIDING ACADEMY; $489,028.09 FOR GENERAL SUPPORT
-
$461,896
BALANCE OF FRIENDS OF HEART FUND
-
$120 - TELETHON; $151,000 GENERAL SUPPORT
-
GIBSON COUNTY TENNESSEE
$112,625
$90,000 FOR NEW ELECTRICAL PANELS FOR THE GIBSON COUNTY FAIR; $22.625.37 FOR NEW GRANDSTANDS FOR ARENA AT GIBSON FAIR
-
UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER
$66,024
GENERAL SUPPORT
-
CITY OF GREENFIELD
$60,000
GENERAL SUPPORT
-
$55,300
$600 FOR THE PRESIDENT'S COUNCIL; $1200.00 FOR THE HYMNAL OF THE HEART SPONSORSHIP;$400 FOR THE MCMEEN ENDOWMENT; $100 TO THE JOHN & FREDA HALL ENDOWMENT; $53,000 FOR GENERAL SUPPORT
-
NEW HOME BAPTIST CHURCH
$50,000
GENERAL SUPPORT
-
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
THE FOUNDATION CHARITABLE HOLDINGS LLC
ACCEPT & SELL OR DISPOSE OF REAL ESTATE CONTRIBUTED TO THE FOUNDATION · TN · assets $0
Directly controlled by WEST TN WESTHEALTHCARE FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520989349300327
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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