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← COVENANT HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by COVENANT HEALTH FOUNDATION.

Totals

Total revenue
$1,833,770
Total expenses
$1,291,711
Contributions and grants received
$1,140,954
Grants paid
$1,045,527
Program service revenue
$0
Investment income
$695,672
Other revenue
-$2,856
Total assets, end of year
$15,615,561
Total liabilities, end of year
$212,420
Net assets or fund balances, end of year
$15,403,141
Program services expenses (Part IX)
$1,045,527
Management and general expenses
$68,030
Fundraising expenses
$178,154
Program service expenses (Part III)
$1,045,527

Program services were 80.9% 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

    $307,745

  • 1d · Related organizations

    $8,190

  • 1f · All other contributions, gifts and grants

    $825,019

  • 1g · Noncash contributions included above

    $6,320

  • 3 · Investment income

    total $695,672 · excluded $695,672

  • 8a · Fundraising events: gross income

    $178,666

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

    $307,745

  • 8b · Fundraising events: direct expenses

    $181,522

  • 8c · Net income from fundraising events

    total -$2,856 · excluded -$2,856

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $700,599 · program services $700,599

  • 2 · Grants to domestic individuals

    total $344,928 · program services $344,928

  • 11a · Fees: management

    total $206,223 · management and general $33,605 · fundraising $172,618

  • 11g · Fees: other

    total $1,850 · management and general $1,850

  • 12 · Advertising and promotion

    total $977 · fundraising $977

  • 13 · Office expenses

    total $2,599 · management and general $2,599

  • 16 · Occupancy

    total $18,019 · management and general $18,019

  • 17 · Travel

    total $2,070 · management and general $1,366 · fundraising $704

  • 19 · Conferences, conventions and meetings

    total $2,371 · management and general $2,371

  • 22 · Depreciation, depletion and amortization

    total $1,111 · management and general $1,111

  • 24a · Other expenses: Bank Fees

    total $6,979 · management and general $6,979

  • 24b · Other expenses: Meals

    total $2,021 · fundraising $2,021

  • 24c · Other expenses: Fundraising

    total $1,825 · fundraising $1,825

  • 24d · Other expenses: Dues and Licenses

    total $130 · management and general $130

  • 24e · All other expenses

    total $9 · fundraising $9

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $162,067 · end of year $571,313

  • 3 · Pledges and grants receivable

    beginning of year $750 · end of year $750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,100 · end of year $1,232

  • 10a · Land, buildings and equipment: cost or other basis

    $1,614,354

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,409,194

  • 10c · Land, buildings and equipment, net

    beginning of year $132,822 · end of year $205,160

  • 11 · Investments: publicly traded securities

    beginning of year $17,033,544 · end of year $14,814,505

  • 15 · Other assets

    beginning of year $160,092 · end of year $22,601

  • 25 · Other liabilities

    beginning of year $103,671 · end of year $212,420

  • 27 · Net assets without donor restrictions

    beginning of year $11,424,563 · end of year $9,215,240

  • 28 · Net assets with donor restrictions

    beginning of year $5,962,141 · end of year $6,187,901

Mission and programs · 2022

Mission

Fort Sanders Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable support to further Covenant Health's mission to serve the community by improving the quality of life through better health.

Activities or mission (Part I)

To support the programs and services of Covenant Health through charitable contributions.

  • Covenant HomeCare and Hospice:Donors to Fort Sanders Foundation provide funding for a partnership between Covenant HomeCare and Knoxville Area Rescue Mission (KARM) to reduce frequent hospitalizations among the homeless community. In 2022, just over $209,000 was distributed to support that project which provides onsite medical care, clinic facilities, medication management and case management at the KARM shelter. Since opening in 2019, the program has served over 200 patients. Following participation in these services, patients show a more than 40% reduction in emergency department visits and the avoidance of almost 7,000 inpatient hospitalization days. As a result of these shelter-based services, the patients at KARM are leading healthier lives.Another $73,900 was distributed to underwrite professional education opportunities for staff, fund membership in the National Hospice and Palliative Care organization, provide medical/hospice housing for indigent patients, provide patient education materials, fund grief counseling services, and conduct the annual memorial service for families of deceased Hospice patients.Covenant Hospice's annual Katerpillar Kids Camp programming continued to be funded by the Foundation in 2022. Approximately $44,000 was distributed to support free weekend day camp experiences and grief support for 63 children who have experienced the death of a loved one. Approximately 125 parents, guardians, and siblings were also impacted by camp services. The annual camp provides grieving children and teens a safe, understanding environment to express their grief and learn that they are not alone in their grief journey.Just under $6,500 was distributed from the HomeCare Hope fund which assisted 225 patients in crisis with emergency funds for housing, transportation, utilities, meals, medicines/medical supplies, and funeral expenses.

    Expenses $333,240 · Grants $333,240

  • Employee and Patient Emergency Assistance:Each year funds are contributed, primarily through Covenant Health's annual WeCare Employee Giving Campaign, to assist employees and patients in times of crisis. Support includes assistance with housing, transportation, food, clothing, medicines/medical supplies, utilities, childcare, and unexpected funeral expenses. In 2022, assistance was distributed to assist 3,708 individuals at Claiborne Medical Center (11), Covenant parent company (92), Covenant HomeCare (225), Cumberland Medical Center (19), Fort Sanders Regional Medical Center (1,896), Fort Loudoun Medical Center (7), LeConte Medical Center (33), Methodist Medical Center (214), Morristown-Hamblen Healthcare System (19), Parkwest Medical Center (78), Peninsula (42), Roane Medical Center (18), and Thompson Cancer Survival Center (1,054).

    Expenses $261,628 · Grants $261,628

  • Behavioral Health Care at Peninsula:In 2022, funds raised through the annual Artsclamation! fine art sale and other donations supported behavioral health care at Peninsula. Approximately $131,000 supported Peninsula's emergency room diversion project which places a team of behavioral specialists in Covenant Health emergency departments to assess patients who make repeated non-emergency visits to the emergency room. These specialists develop a personalized treatment plan for patients, proposing alternative options to visiting the ED and providing follow-up support and resources to these patients. Another $49,000 provided discharge medications to patients who need a supply of prescriptions when they leave the hospital to maintain their health until they are set up on TennCare or other payer sources for ongoing maintenance medications. Approximately $45,000 supported the placement of behavioral health staff in Covenant HomeCare's onsite clinic at Knoxville Area Rescue Ministries (KARM) to provide counseling and case management services to those clients. Peninsula patients were supported with just over $10,000 in emergency assistance to help with necessary living expenses such as utilities, food, housing, and transportation.

    Expenses $235,964 · Grants $235,964

  • The Foundation supports a variety of other patient care programs throughout Covenant Health. The most significant distributions in 2022, which were directed to Fort Sanders Regional Medical Center, patient care scholarships, and the Fellowship Outpatient Lodging Program, are detailed below:Fort Sanders Foundation's distributions to Fort Sanders Regional Medical Center in 2022 primarily supported the Patricia Neal Rehabilitation Center. Approximately $57,000 was directed to the Center's programs and services, including staff education, upgraded rehabilitation therapy equipment, the annual operating and equipment expenses of the Innovative Recreation Cooperative which provides adaptive sports and recreation opportunities throughout the community, several patient support groups, and community brain injury and concussion education/prevention programs. An additional approximately $9,400 provided for maternal/infant education materials in both English and Spanish which are provided to new parents at discharge. Just over $4,000 was distributed to support the hospital's chaplaincy program, including the annual ethics conference and training for critical care staff.The Fellowship Outpatient Lodging Program, which is supported entirely by contributions, offers free hotel accommodations and transportation to treatment for patients and families coping with serious illnesses. The program primarily serves Thompson Cancer Survival Center patients and their families who live more than 30 miles from Knoxville. In 2022, approximately $22,700 in distributions supported the program. The program housed 62 guests in 2022 providing 223 nights of free lodging. The Foundation raises funds to support scholarships for Patricia Neal Rehabilitation Center patients in need of care who do not have insurance coverage or any other ability to pay for care. Center staff vet patients both clinically and financially before selection for scholarship-funded care. Distributions of approximately $41,000 in 2022 supported patients who were provided with inpatient and outpatient care.The Foundation receives grant funds annually from the Will Rogers Institute to support pulmonary rehabilitation across Covenant Health. The grant funds provide scholarships to assist outpatient pulmonary rehab patients without insurance coverage or the ability to pay. In 2022, approximately $15,200 in funding benefited 72 patients at Roane, Parkwest, Methodist, LeConte, and Fort Sanders Regional outpatient pulmonary rehabilitation clinics.Outpatient cardiac rehabilitation patients with no insurance coverage or ability to pay are provided care through distributions from the Foundation's Lewis S. Howard Memorial Fund. Nineteen patient requests for care at the Parkwest and Fort Sanders Regional outpatient cardiac rehabilitation clinics received almost $12,000 in assistance in 2022.

    Expenses $214,695 · Grants $214,695

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

Listed in Part VII

  • Andy Johnson

    Fmr Director/Chair(through Jan 2022)

    Total calculated
    $0
    Hours/week
    1

  • Kathy May-Martin

    Director/Chair

    Total calculated
    $0
    Hours/week
    1

  • Matt Ballard

    Director/Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Shohreh Nazzy Hashemian

    Director/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jim Atchley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Gay Blanc

    Fmr Director (through Jan 2022)

    Total calculated
    $0
    Hours/week
    1

  • Mary Child

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rob Del Moro

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary E Dillon MD

    Director/FSRMC Medical Dir

    Total calculated
    $0
    Hours/week
    1

  • Marty Gibbs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alan Hill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Hurt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tyler Janow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Swift

    Fmr Director (through Jan 2022)

    Total calculated
    $0
    Hours/week
    1

  • James D VanderSteeg

    President & CEO

    Total calculated
    $2,662,703
    From this org
    $0
    From related orgs
    $2,346,646
    Other
    $316,057
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,425,507 related
    Bonus
    $0 + $742,500 related
    Other
    $0 + $178,639 related
    Deferred
    $0 + $284,975 related
    Nontaxable benefits
    $0 + $31,082 related
    Filer's total
    $0 + $2,662,703 related

  • Patrick J Birmingham IV

    VP of Philanthrophy

    Total calculated
    $303,397
    From this org
    $0
    From related orgs
    $263,688
    Other
    $39,709
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,629 related
    Bonus
    $0 + $41,000 related
    Other
    $0 + $41,059 related
    Deferred
    $0 + $10,260 related
    Nontaxable benefits
    $0 + $29,449 related
    Filer's total
    $0 + $303,397 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 3
Covenant Health, the parent company of Fort Sanders Foundation, used the following methods in establishing the compensation of President/CEO, James D. VanderSteeg: compensation committee, independent compensation consultant, written employment contract, compensation survey or study, and approval by the board or compensation committee. Additional detail is provided in response to Form 990, Part VI, Section B, Lines 15a and 15b within Schedule O.
Part I, Line 4b
Covenant Health maintains a nonqualified deferred compensation ("NQDC") plan intended to support retention of President and CEO, James D. VanderSteeg. Employer contributions of $273,375 are reported as deferred compensation on Schedule J, Part II, Column C. Contributions along with 2022 earnings of $70,560 are subject to a substantial risk of forfeiture. Amounts are combined with other compensation and considered for reasonableness. Compensation procedures are discussed in detail in Schedule O (Form 990, Part VI, Section B, Line 15a).

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202313179349307371

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