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Nonprofiteer
← BAPTIST HEALTH FOUNDATION LEXINGTON INC

Form 990 for tax year 2024

Filed by BAPTIST HEALTH FOUNDATION LEXINGTON INC.

Totals

Total revenue
$5,029,507
Total expenses
$2,303,637
Contributions and grants received
$4,924,875
Grants paid
$1,791,238
Program service revenue
$0
Investment income
$104,632
Other revenue
$0
Total assets, end of year
$9,316,887
Total liabilities, end of year
$1,087
Net assets or fund balances, end of year
$9,315,800
Program services expenses (Part IX)
$1,791,238
Management and general expenses
$314,643
Fundraising expenses
$197,756
Program service expenses (Part III)
$1,791,238

Program services were 77.8% 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

    $514,837

  • 1e · Government grants (contributions)

    $183,855

  • 1f · All other contributions, gifts and grants

    $4,226,183

  • 3 · Investment income

    total $45,424 · excluded $45,424

  • 7a · Gross sales of assets other than inventory

    securities $59,208

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

    securities $0

  • 7c · Gain or loss

    securities $59,208

  • 7d · Net gain or loss

    total $59,208 · excluded $59,208

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,791,238 · program services $1,791,238

  • 7 · Other salaries and wages

    total $342,903 · management and general $222,887 · fundraising $120,016

  • 9 · Other employee benefits

    total $74,486 · management and general $48,416 · fundraising $26,070

  • 10 · Payroll taxes

    total $24,224 · management and general $15,745 · fundraising $8,479

  • 11f · Fees: investment management

    total $2,528 · management and general $2,528

  • 12 · Advertising and promotion

    total $33,682 · management and general $11,789 · fundraising $21,893

  • 13 · Office expenses

    total $4,975 · management and general $2,487 · fundraising $2,488

  • 17 · Travel

    total $9,007 · management and general $4,503 · fundraising $4,504

  • 24a · Other expenses: General Fundraising Exp

    total $14,614 · management and general $1,461 · fundraising $13,153

  • 24b · Other expenses: Dues and Subscriptions

    total $2,189 · management and general $1,094 · fundraising $1,095

  • 24e · All other expenses

    total $3,791 · management and general $3,733 · fundraising $58

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $34,411 · end of year $38,106

  • 3 · Pledges and grants receivable

    beginning of year $1,998,380 · end of year $2,766,337

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,846 · end of year $15,651

  • 11 · Investments: publicly traded securities

    beginning of year $1,797,947 · end of year $2,559,623

  • 12 · Investments: other securities

    beginning of year $1,763,367 · end of year $2,168,635

  • 15 · Other assets

    beginning of year $641,017 · end of year $1,768,535

  • 25 · Other liabilities

    beginning of year $37,176 · end of year $1,087

  • 27 · Net assets without donor restrictions

    beginning of year $2,038,514 · end of year $1,919,622

  • 28 · Net assets with donor restrictions

    beginning of year $4,183,278 · end of year $7,396,178

Mission and programs · 2024

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 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 Hospital 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 Foundation Lexington are used to support patient care and capital needs of Baptist Health Lexington Hospital.

    Expenses $1,791,238 · Grants $1,791,238

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Akasha Hira

    Director (Through 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Bryan Fuller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christopher Roty

    President & Director

    Total calculated
    $997,879
    From this org
    $0
    From related orgs
    $949,823
    Other
    $48,056
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $641,246 related
    Bonus
    $0 + $291,484 related
    Other
    $0 + $17,093 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $34,256 related
    Filer's total
    $0 + $997,879 related

  • Dave Baker

    Director (Effective 7/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Debbie Sutherland-Comley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Herbert A Miller Jr

    Director (Effective 7/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Jim Allison

    Director (Through 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Kristi Lykins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lee Carter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Tomassoni

    Director (Through 12/31/24)

    Total calculated
    $0
    Hours/week
    1

  • Marc Taylor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Edwards

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Towles

    Vice Chairman & Director

    Total calculated
    $0
    Hours/week
    1

  • Mollie Brennan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patty Smith

    Chairman & Director

    Total calculated
    $0
    Hours/week
    1

  • Randall Vaughn

    Director (Effective 7/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Randy Shelley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Turner

    Director (Through 1/17/25)

    Total calculated
    $0
    Hours/week
    1

  • Rufus Friday

    Director (Effective 7/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Sammy Leslie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephen M Manella

    Director

    Total calculated
    $0
    Hours/week
    1

  • Trish Takacs Golibersuch DMD

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • William Craig Turner

    Director (Effective 7/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Janet Norton

    Secretary

    Total calculated
    $1,252,551
    From this org
    $0
    From related orgs
    $1,211,941
    Other
    $40,610
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,360 related
    Bonus
    $0 + $425,349 related
    Other
    $0 + $123,232 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $26,810 related
    Filer's total
    $0 + $1,252,551 related

  • Karen Hutson

    Asst Secr (Through 1/15/25)

    Total calculated
    $69,016
    From this org
    $0
    From related orgs
    $45,848
    Other
    $23,168
    Hours/week
    40

  • Richard Carrico

    Treasurer

    Total calculated
    $1,666,118
    From this org
    $0
    From related orgs
    $1,615,014
    Other
    $51,104
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $849,088 related
    Bonus
    $0 + $487,888 related
    Other
    $0 + $278,038 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $37,304 related
    Filer's total
    $0 + $1,666,118 related

  • Stephanie Doom

    Asst Treasurer

    Total calculated
    $325,570
    From this org
    $0
    From related orgs
    $301,451
    Other
    $24,119
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,694 related
    Bonus
    $0 + $39,455 related
    Other
    $0 + $5,302 related
    Deferred
    $0 + $10,397 related
    Nontaxable benefits
    $0 + $13,722 related
    Filer's total
    $0 + $325,570 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
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, Lines 4a-b
Line 4b: The following individuals received a payout from the Baptist Healthcare System, Inc. Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Janet Norton $99,734 Richard F. Carrico $254,540

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
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202611969349302691

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