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Nonprofiteer
← BAPTIST HEALTH FOUNDATION LEXINGTON INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTH FOUNDATION LEXINGTON INC.

Totals

Total revenue
$1,749,427
Total expenses
$2,558,123
Contributions and grants received
$1,763,929
Grants paid
$2,014,312
Program service revenue
$0
Investment income
-$14,502
Other revenue
$0
Total assets, end of year
$5,639,801
Total liabilities, end of year
$61,974
Net assets or fund balances, end of year
$5,577,827
Program services expenses (Part IX)
$2,014,312
Management and general expenses
$404,205
Fundraising expenses
$139,606
Program service expenses (Part III)
$2,014,312

Program services were 78.7% 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.

  • 1d · Related organizations

    $606,086

  • 1e · Government grants (contributions)

    $153,914

  • 1f · All other contributions, gifts and grants

    $1,003,929

  • 3 · Investment income

    total $25,313 · excluded $25,313

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

    securities $39,815

  • 7c · Gain or loss

    securities -$39,815

  • 7d · Net gain or loss

    total -$39,815 · excluded -$39,815

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,014,312 · program services $2,014,312

  • 7 · Other salaries and wages

    total $411,536 · management and general $308,652 · fundraising $102,884

  • 9 · Other employee benefits

    total $69,434 · management and general $52,076 · fundraising $17,358

  • 10 · Payroll taxes

    total $28,167 · management and general $21,125 · fundraising $7,042

  • 11f · Fees: investment management

    total $1,960 · management and general $1,960

  • 12 · Advertising and promotion

    total $4,450 · management and general $2,225 · fundraising $2,225

  • 13 · Office expenses

    total $5,595 · management and general $2,798 · fundraising $2,797

  • 17 · Travel

    total $5,475 · management and general $2,737 · fundraising $2,738

  • 19 · Conferences, conventions and meetings

    total $248 · management and general $248

  • 24a · Other expenses: Administrative Expenses

    total $7,308 · management and general $4,165 · fundraising $3,143

  • 24b · Other expenses: Equipment Rental & Repa

    total $6,800 · management and general $6,800

  • 24c · Other expenses: Dues and Subscriptions

    total $2,838 · management and general $1,419 · fundraising $1,419

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $485,177 · end of year $12,655

  • 3 · Pledges and grants receivable

    beginning of year $2,988,556 · end of year $2,505,341

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,230 · end of year $11,348

  • 11 · Investments: publicly traded securities

    beginning of year $2,548,897 · end of year $3,110,457

  • 17 · Accounts payable and accrued expenses

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

  • 25 · Other liabilities

    beginning of year $82,606 · end of year $21,974

  • 27 · Net assets without donor restrictions

    beginning of year $1,231,992 · end of year $861,565

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2022

Mission

Baptist Health Foundation Lexington is a non-profit, non-stock corporation which operates to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Lexington, a hospital owned and operated by Baptist Healthcare System, Inc. in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. to provide quality healthcare services to meet the region's health needs. Baptist Healthcare System, Inc. is described under Section 501(C)(3) and is classified under Section 509(A)(1) as a public charity. The foundation is operated exclusively for the benefit of, to perform the functions of, and to carry out the mission and purposes of Baptist Healthcare System, Inc.

Activities or mission (Part I)

To assist, advance & strengthen Baptist Health Lexington Hospital.

  • The primary purpose of the Baptist Health Foundation Lexington is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Lexington, a hospital owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Lexington provides medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. Donations made to Baptist Health Lexington are used to support patient care and capital needs of Baptist Health Lexington.

    Expenses $2,014,312 · Grants $2,014,312

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Akasha Hira

    Director

    Total calculated
    $0
    Hours/week
    1

  • Becky Reinhold

    Director (Through 4/12/23)

    Total calculated
    $0
    Hours/week
    1

  • Brett Setzer

    Director

    Total calculated
    $0
    Hours/week
    1

  • C Joseph Beavin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christine Stanley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher Roty

    President & Director

    Total calculated
    $856,221
    From this org
    $0
    From related orgs
    $813,276
    Other
    $42,945
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,619 related
    Bonus
    $0 + $179,535 related
    Other
    $0 + $14,122 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,745 related
    Filer's total
    $0 + $856,221 related

  • Debbie Sutherland-Comley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doug Hacker

    Vice Chair & Dir (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Dr James E Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Fraley

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Jim Allison

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Lee Carter

    Chairman & Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Tomassoni

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marc Taylor

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Marta S Hayne MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Towles

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Patricia E Takacs DMD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patty Smith

    Vice Chair & Dir (Effective 1/1/22)

    Total calculated
    $0
    Hours/week
    1

  • Randy Shelley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Turner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sammy Leslie

    Director (Effective 1/1/23)

    Total calculated
    $0
    Hours/week
    1

  • Stephen M Manella

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terri J Jones

    Director (Through 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Janet Norton

    Secretary

    Total calculated
    $1,082,935
    From this org
    $0
    From related orgs
    $1,039,221
    Other
    $43,714
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $617,783 related
    Bonus
    $0 + $304,599 related
    Other
    $0 + $116,839 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $31,514 related
    Filer's total
    $0 + $1,082,935 related

  • Karen Hutson

    Asst Secretary

    Total calculated
    $58,218
    From this org
    $0
    From related orgs
    $38,261
    Other
    $19,957
    Hours/week
    40

  • Richard Carrico

    Treasurer (Effective 2/6/23)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Stephanie Doom

    Asst Treasurer

    Total calculated
    $268,150
    From this org
    $0
    From related orgs
    $246,665
    Other
    $21,485
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,058 related
    Bonus
    $0 + $15,916 related
    Other
    $0 + $3,691 related
    Deferred
    $0 + $9,217 related
    Nontaxable benefits
    $0 + $12,268 related
    Filer's total
    $0 + $268,150 related

  • Stephen R Oglesby

    Treasurer (Through 1/6/23)

    Total calculated
    $1,488,025
    From this org
    $0
    From related orgs
    $1,445,051
    Other
    $42,974
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $736,985 related
    Bonus
    $0 + $573,685 related
    Other
    $0 + $134,381 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $30,774 related
    Filer's total
    $0 + $1,488,025 related

  • Amanda Henson

    Former VP (Through 8/19)

    Total calculated
    $427,004
    From this org
    $0
    From related orgs
    $394,787
    Other
    $32,217
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,977 related
    Bonus
    $0 + $51,450 related
    Other
    $0 + $2,360 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $20,017 related
    Filer's total
    $0 + $427,004 related

  • James Borders MD

    Former VP (Through 1/26/22)

    Total calculated
    $481,914
    From this org
    $0
    From related orgs
    $451,888
    Other
    $30,026
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $281,271 related
    Bonus
    $0
    Other
    $0 + $170,617 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,026 related
    Filer's total
    $0 + $481,914 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 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 $93,341 Stephen R. Oglesby $116,637
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

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.

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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202411959349300801

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