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Nonprofiteer
← KNOXVILLE AREA COMMUNITY HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by KNOXVILLE AREA COMMUNITY HOSPITAL FOUNDATION.

Totals

Total revenue
$405,175
Total expenses
$81,367
Contributions and grants received
$281,785
Grants paid
$58,300
Program service revenue
$0
Investment income
$122,242
Other revenue
$1,148
Total assets, end of year
$8,123,499
Total liabilities, end of year
$1,110
Net assets or fund balances, end of year
$8,122,389
Program services expenses (Part IX)
$72,999
Management and general expenses
$8,368
Fundraising expenses
$0
Program service expenses (Part III)
$72,999

Program services were 89.7% 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

    $14,626

  • 1d · Related organizations

    $10,000

  • 1f · All other contributions, gifts and grants

    $257,159

  • 3 · Investment income

    total $54,215 · excluded $54,215

  • 7a · Gross sales of assets other than inventory

    securities $813,658

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

    securities $745,631

  • 7c · Gain or loss

    securities $68,027

  • 7d · Net gain or loss

    total $68,027 · excluded $68,027

  • 8a · Fundraising events: gross income

    $7,261

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

    $14,626

  • 8b · Fundraising events: direct expenses

    $6,113

  • 8c · Net income from fundraising events

    total $1,148 · excluded $1,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,300 · program services $48,300

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 13 · Office expenses

    total $12,645 · program services $4,277 · management and general $8,368

  • 24a · Other expenses: BANKING FEES

    total $10,422 · program services $10,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,867 · end of year $71,215

  • 2 · Savings and temporary cash investments

    beginning of year $1,727,557 · end of year $2,823,429

  • 3 · Pledges and grants receivable

    beginning of year $4,928,118 · end of year $3,959,360

  • 11 · Investments: publicly traded securities

    beginning of year $1,089,517 · end of year $1,269,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,110

  • 27 · Net assets without donor restrictions

    beginning of year $1,606,223 · end of year $1,713,983

  • 28 · Net assets with donor restrictions

    beginning of year $6,195,836 · end of year $6,408,406

Mission and programs · 2022

Mission

TO SECURE PHILANTHROPIC SUPPORT FROM INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS FOR THE ADVANCEMENT OF EXCEPTIONAL HEALTH CARE AT KNOXVILLE HOSPITAL & CLINICS THROUGH ADVOCACY, FUNDRAISING, AND STEWARDSHIP OF CONTRIBUTIONS.

Activities or mission (Part I)

TO SUPPORT KNOXVILLE COMMUNITY HOSPITAL, INC. BY PROVIDING NECESSARY FINANCIAL RESOURCES.

  • PROVIDING FINANCIAL SUPPORT FOR THE NEEDS OF KNOXVILLE COMMUNITY HOSPITAL, INC.

    Expenses $72,999 · Grants $58,300

As filed on the 2022 return.

Listed in Part VII

  • Marty Errthum

    MEMBER THRU 1/23

    Total calculated
    $180,439
    From this org
    $0
    From related orgs
    $147,339
    Other
    $33,100
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,839 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $13,087 related
    Nontaxable benefits
    $0 + $20,013 related
    Filer's total
    $0 + $180,439 related

  • Kevin Stittsworth

    FOUNDATION DIRECTOR

    Total calculated
    $96,315
    From this org
    $0
    From related orgs
    $84,281
    Other
    $12,034
    Hours/week
    20 + 20 related

  • Cindi Fuller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lily Maasdam

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Suzanna Huizer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jay Hoch

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carrie Laughlin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dylan Morse

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian McNeill

    MEMBER THRU 8/22

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

PART I, LINE 3:
KNOXVILLE HOSPITAL & CLINICS FOUNDATION DOES NOT COMPENSATE ANY EMPLOYEES. THE BOARD MEMBER LISTED IN PART II IS EMPLOYED AND COMPENSATED BY KNOXVILLE COMMUNITY HOSPITAL, INC. (THE HOSPITAL), A RELATED ORGANIZATION OF KNOXVILLE HOSPITAL & CLINICS FOUNDATION. THE HOSPITAL USES THE IHA WAGE SURVEY AND COMPARATIVE ANALYSIS AND MARKET RATES TO DETERMINE COMPENSATION OF EMPLOYEES. WAGES ARE APPROVED BY THE HOSPITAL BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401359349304650

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