Skip to content
Nonprofiteer
← ARKANSAS METHODIST MEDICAL CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by ARKANSAS METHODIST MEDICAL CENTER FOUNDATION INC.

Totals

Total revenue
$276,651
Total expenses
$222,626
Contributions and grants received
$46,366
Grants paid
$61,826
Program service revenue
$0
Investment income
$89,656
Other revenue
$140,629
Total assets, end of year
$3,900,545
Total liabilities, end of year
$190,862
Net assets or fund balances, end of year
$3,709,683
Program services expenses (Part IX)
$142,226
Management and general expenses
$40,200
Fundraising expenses
$40,200
Program service expenses (Part III)
$142,226

Program services were 63.9% 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

    $12,027

  • 1f · All other contributions, gifts and grants

    $34,339

  • 3 · Investment income

    total $89,656 · excluded $89,656

  • 8a · Fundraising events: gross income

    $153,777

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

    $12,027

  • 8b · Fundraising events: direct expenses

    $46,297

  • 8c · Net income from fundraising events

    total $107,480 · excluded $107,480

  • 9a · Gaming: gross income

    $37,369

  • 9b · Gaming: direct expenses

    $4,220

  • 9c · Net income from gaming

    total $33,149 · excluded $33,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,326 · program services $61,326

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 7 · Other salaries and wages

    total $110,716 · program services $55,358 · management and general $27,679 · fundraising $27,679

  • 11f · Fees: investment management

    total $18,747 · program services $9,373 · management and general $4,687 · fundraising $4,687

  • 12 · Advertising and promotion

    total $2,976 · program services $1,488 · management and general $744 · fundraising $744

  • 17 · Travel

    total $24 · program services $12 · management and general $6 · fundraising $6

  • 22 · Depreciation, depletion and amortization

    total $8,300 · program services $4,150 · management and general $2,075 · fundraising $2,075

  • 24a · Other expenses: SUPPLIES EXPENSE

    total $17,664 · program services $8,832 · management and general $4,416 · fundraising $4,416

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $948 · program services $474 · management and general $237 · fundraising $237

  • 24c · Other expenses: PURCHASED SERVICES

    total $896 · program services $448 · management and general $224 · fundraising $224

  • 24d · Other expenses: BANK/CREDIT CARD FEES

    total $293 · program services $147 · management and general $73 · fundraising $73

  • 24e · All other expenses

    total $236 · program services $118 · management and general $59 · fundraising $59

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,867 · end of year $97,650

  • 4 · Accounts receivable

    beginning of year $10,341 · end of year $10,341

  • 7 · Other notes and loans receivable

    beginning of year $397,517 · end of year $397,517

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

    $332,000

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

    $28,847

  • 10c · Land, buildings and equipment, net

    beginning of year $311,453 · end of year $303,153

  • 12 · Investments: other securities

    beginning of year $2,808,809 · end of year $2,983,477

  • 15 · Other assets

    beginning of year $108,407 · end of year $108,407

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,817 · end of year $190,862

  • 27 · Net assets without donor restrictions

    beginning of year $3,077,452 · end of year $3,239,747

  • 28 · Net assets with donor restrictions

    beginning of year $469,125 · end of year $469,936

Mission and programs · 2022

Mission

TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER AND OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR CHARITABLE AND SCIENTIFIC PURPOSES.

Activities or mission (Part I)

TO PROVIDE FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER AND OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.

  • PROVISION OF FUNDS IN THE FORM OF GIFTS, GRANTS AND SERVICES TO ARKANSAS METHODIST MEDICAL CENTER & OTHER CHARITABLE ORGANIZATIONS IN FURTHERANCE OF THEIR CHARITABLE AND SCIENTIFIC PURPOSES, FUNDS ADVANCED TO THESE ORGANIZATIONS ASSISTED IN THE PROVISION OF STATE OF THE ART HEALTH CARE IN THE ORGANIZATION'S COMMUNITY.

    Expenses $142,226 · Grants $61,826

As filed on the 2022 return.

Listed in Part VII

  • Mark Rowland

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Angela Rice

    BOARD MEMBER-SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Sonia Fonticiella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Ann Marie Guinn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Lora Laubach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Angie Halverson

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Brigitte McDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Stan Carmack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Christy Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tracy Brengard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Frank Schefano MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 1 related

  • Rev Dane Womack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5 + 1 related

  • Brad Rogers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5

  • Kelly Roswell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Barry Davis

    CEO

    Total calculated
    $262,947
    From this org
    $0
    From related orgs
    $249,172
    Other
    $13,775
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,172 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,484 related
    Nontaxable benefits
    $0 + $6,291 related
    Filer's total
    $0 + $262,947 related

  • Tori Thompson

    EXECUTIVE DIRECTOR

    Total calculated
    $67,809
    From this org
    $0
    From related orgs
    $52,541
    Other
    $15,268
    Hours/week
    40

  • Brad Bloemer

    CFO

    Total calculated
    $57,841
    From this org
    $0
    From related orgs
    $52,121
    Other
    $5,720
    Hours/week
    1 + 41 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • AMMCSBMC MANAGEMENT LLC

    WOUND CARE SERVICES · AR

  • PARAGOULD MEDICAL PARK LLC

    MEDICAL PARK FOR PHYSICIAN OFFICES/OUTPATIENT SVCS · AR

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202401249349301780

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.