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Nonprofiteer
← COXHEALTH FOUNDATION

Form 990 for tax year 2023

Filed by COXHEALTH FOUNDATION.

Totals

Total revenue
$8,404,379
Total expenses
$6,968,317
Contributions and grants received
$7,597,800
Grants paid
$6,463,355
Program service revenue
$0
Investment income
$824,911
Other revenue
-$18,332
Total assets, end of year
$34,222,304
Total liabilities, end of year
$1,490,432
Net assets or fund balances, end of year
$32,731,872
Program services expenses (Part IX)
$6,463,355
Management and general expenses
$13,074
Fundraising expenses
$491,888
Program service expenses (Part III)
$6,463,355

Program services were 92.8% 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.

  • 1c · Fundraising events

    $417,144

  • 1d · Related organizations

    $54,431

  • 1e · Government grants (contributions)

    $3,117,129

  • 1f · All other contributions, gifts and grants

    $4,009,096

  • 1g · Noncash contributions included above

    $210,754

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $702,121 · excluded $702,121

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $604,064

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

    securities $481,274

  • 7c · Gain or loss

    securities $122,790 · other assets $0

  • 7d · Net gain or loss

    total $122,790 · excluded $122,790

  • 8a · Fundraising events: gross income

    $59,009

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

    $417,144

  • 8b · Fundraising events: direct expenses

    $83,566

  • 8c · Net income from fundraising events

    total -$24,557 · excluded -$24,557

  • 9a · Gaming: gross income

    $6,225

  • 9c · Net income from gaming

    total $6,225 · excluded $6,225

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $757,219 · program services $757,219

  • 2 · Grants to domestic individuals

    total $5,706,136 · program services $5,706,136

  • 11c · Fees: accounting

    total $6,630 · management and general $6,630

  • 11f · Fees: investment management

    total $6,444 · management and general $6,444

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $491,888 · fundraising $491,888

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,509,877 · end of year $1,448,392

  • 3 · Pledges and grants receivable

    beginning of year $2,104,547 · end of year $1,947,047

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $29,462,147 · end of year $30,826,865

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,265 · end of year $0

  • 19 · Deferred revenue

    beginning of year $804,256 · end of year $790,548

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $695,038 · end of year $699,884

  • 27 · Net assets without donor restrictions

    beginning of year $1,941,981 · end of year $2,248,861

  • 28 · Net assets with donor restrictions

    beginning of year $30,618,031 · end of year $30,483,011

Mission and programs · 2023

Mission

THE MISSION OF THE COXHEALTH FOUNDATION IS TO FACILITATE THROUGH PHILANTHROPY THE QUALITY HEALTH CARE, EDUCATION AND RESEARCH PROVIDED BY COXHEALTH. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Activities or mission (Part I)

THE MISSION OF THE COXHEALTH FOUNDATION IS TO FACILITATE THROUGH PHILANTHROPY THE QUALITY HEALTH CARE, EDUCATION AND RESEARCH PROVIDED BY COXHEALTH.

  • THE COXHEALTH FOUNDATION'S LARGEST PROGRAM IS OUR GRANT FUNDED PROGRAM CATEGORY. THE COXHEALTH FOUNDATION ANNUALLY APPLIES FOR LOCAL, STATE AND FEDERAL GRANT FUNDS TO SUPPORT QUALITY, SAFETY AND TECHNOLOGY IMPROVEMENTS, ENHANCED PATIENT CARE AND SERVICES, POPULATION HEALTH INITIATIVES AMONGST OTHER NEEDS. ALL GRANT APPLICATIONS SEEK TO HELP FULFILL THE MISSION OF THE FOUNDATION.

    Expenses $4,455,766 · Grants $4,455,766

  • THE SECOND LARGEST PROGRAM WAS OUR FACILITY PROGRAM. THE COXHEALTH FOUNDATION RAISES FUNDS TO EXPAND AND IMPROVE PATIENT FACILITIES TO ALLOW THE ORGANIZATION TO BETTER SERVE OUR COMMUNITY WITH IMPROVED ACCESS, THROUGH MODERN, TECHNOLOGICALLY ADVANCED LOCATIONS.

    Expenses $757,219 · Grants $757,219

  • THE THIRD LARGEST PROGRAM WAS OUR PATIENT SERVICES. THIS REPRESENTS DIRECT FINANCIAL SUPPORT FOR PATIENT CARE INCLUDING MONTHLY GRANTS FOR INPATIENT CARE, DAILY DISTRIBUTIONS FOR MEDICATIONS, TRAVEL ASSISTANCE, SPECIAL NEEDS, SUPPORT FOR ITEMS LIKE MASTECTOMY SUPPLIES, NUTRITIONAL SUPPLEMENTS, MEAL VOUCHERS WHILE RECEIVING CARE, BREAST PUMPS, PREVENTION SCREENINGS, FREE COLONOSCOPIES, LIFELINE SERVICES FOR THE ELDERLY, SUPPORT FOR HOSPICE PATIENTS, REHAB CARE FOR TRAUMA AND CARDIAC PATIENTS, SUPPORT FOR STROKE CARE AND MORE.

    Expenses $651,204 · Grants $651,204

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Foster

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ken Teague

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Andy Bartholomy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Charles E Woodall III MD

    BOARD MEMBER

    Total calculated
    $2,002,925
    From this org
    $0
    From related orgs
    $1,947,221
    Other
    $55,704
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $1,920,026 related
    Bonus
    $0 + $27,195 related
    Other
    $0
    Deferred
    $0 + $39,191 related
    Nontaxable benefits
    $0 + $16,513 related
    Filer's total
    $0 + $2,002,925 related

  • Cindy Waites

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Tudor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Donna Beckett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeanette Hutcheson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jose M Dominguez

    BOARD MEMBER

    Total calculated
    $743,333
    From this org
    $0
    From related orgs
    $689,612
    Other
    $53,721
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $662,417 related
    Bonus
    $0 + $27,195 related
    Other
    $0
    Deferred
    $0 + $36,000 related
    Nontaxable benefits
    $0 + $17,721 related
    Filer's total
    $0 + $743,333 related

  • Mary Beth Hartman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rick Beaman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Russell Detten

    BOARD MEMBER

    Total calculated
    $282,735
    From this org
    $0
    From related orgs
    $261,091
    Other
    $21,644
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $251,250 related
    Bonus
    $0 + $8,233 related
    Other
    $0 + $1,608 related
    Deferred
    $0 + $13,619 related
    Nontaxable benefits
    $0 + $8,025 related
    Filer's total
    $0 + $282,735 related

  • Sam Clifton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tyler Watskey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Billie Werbeck

    SECRETARY

    Total calculated
    $49,870
    From this org
    $0
    From related orgs
    $39,998
    Other
    $9,872
    Hours/week
    40

  • Jacob M McWay

    EVP, COXHEALTH CFO

    Total calculated
    $1,533,041
    From this org
    $0
    From related orgs
    $1,311,928
    Other
    $221,113
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $769,096 related
    Bonus
    $0 + $354,929 related
    Other
    $0 + $187,903 related
    Deferred
    $0 + $200,249 related
    Nontaxable benefits
    $0 + $20,864 related
    Filer's total
    $0 + $1,533,041 related

  • Lisa Alexander

    PRESIDENT

    Total calculated
    $343,043
    From this org
    $0
    From related orgs
    $317,829
    Other
    $25,214
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $268,308 related
    Bonus
    $0 + $46,271 related
    Other
    $0 + $3,250 related
    Deferred
    $0 + $16,199 related
    Nontaxable benefits
    $0 + $9,015 related
    Filer's total
    $0 + $343,043 related

  • Max D Buetow

    PRESIDENT & CEO

    Total calculated
    $1,922,931
    From this org
    $0
    From related orgs
    $1,617,479
    Other
    $305,452
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,041,070 related
    Bonus
    $0 + $556,570 related
    Other
    $0 + $19,839 related
    Deferred
    $0 + $289,441 related
    Nontaxable benefits
    $0 + $16,011 related
    Filer's total
    $0 + $1,922,931 related

  • Steve Edwards

    FORMER PRESIDENT & CEO

    Total calculated
    $752,528
    From this org
    $0
    From related orgs
    $718,423
    Other
    $34,105
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $218,675 related
    Bonus
    $0 + $205,935 related
    Other
    $0 + $293,813 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $17,605 related
    Filer's total
    $0 + $752,528 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
  • 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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
STEVE EDWARDS, MAX BEUTOW, AND JACOB MCWAY PARTICIPATE IN A 457(F) NONQUALIFIED RETIREMENT PLAN WITH LESTER E. COX MEDICAL CENTERS: -STEVE EDWARDS RECEIVED AN EXECUTIVE 457(F) DISTRIBUTION OF $292,665, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - JACOB MCWAY RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $183.749. - JACOB MCWAY RECEIVED A 457(F) DISTRIBUTION OF $153.057, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990. - MAX BUETOW RECEIVED AN EXECUTIVE 457(F) CONTRIBUTION OF $273,241. - RUSSELL DETTEN RECEIVED A 457(F) DISTRIBUTION OF $53,495, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990.
Schedule J, Part I, Line 1a HEALTH AND SOCIAL CLUB DUES
A RELATED ENTITY, COXHEALTH, INCLUDES MONTHLY SOCIAL CLUB DUES IN THE TAXABLE COMPENSATION OF JAKE MCWAY, CFO.
Schedule J, Part I, Line 3
LESTER E. COX MEDICAL CENTERS, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE COXHEALTH TOP MANAGEMENT OFFICIAL:COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 6b COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION
KEY EMPLOYEES COMPENSATED BY RELATED ORGANIZATIONS HAVE NET EARNINGS AS ONE COMPONENT OF A BALANCED SCORECARD METRIC CONTAINED WITHIN A BONUS PROGRAM. EMPLOYED PHYSICIANS ARE PAID BASED ON A SALARY, A FORMULA USING COLLECTIONS AND EXPENSES, AN AMOUNT PER RVU, OR A COMBINATION OF THESE. EXECUTIVE LEVEL STAFF COMPENSATED BY RELATED ORGANIZATIONS ARE ELIGIBLE FOR ADDITIONAL COMPENSATION BASED ON A VARIETY OF PERFORMANCE INDICATORS IN QUALITY, CUSTOMER AND EMPLOYEE SATISFACTION AND BUSINESS PERFORMANCE MEASURES.
Schedule J, Part II BOARD MEMBER COMPENSATION
NO COMPENSATION WAS PROVIDED FOR RESPONSIBILITIES ASSOCIATED WITH BEING A BOARD DIRECTOR. COMPENSATION REPORTED FOR SEVERAL BOARD MEMBERS LISTED ON SCHEDULE J REPRESENTS EMPLOYEE OR INDEPENDENT CONTRACTOR COMPENSATION UNRELATED TO SERVICE AS A BOARD MEMBER

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 corporations and trusts

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

  • MEDICAL DEVELOPMENTS INC

    C Corporation · PHARMACY · MO

    Directly controlled by LESTER E COX

  • COXHEALTH RISK SOLUTIONS

    C Corporation · CAPTIVE INSURANCE · CJ

    Directly controlled by LESTER E COX

  • COX TAXABLE CLOSE CORPORATION

    C Corporation · MEDICAL CLINIC · MO

    Directly controlled by COX MED GROUP

  • FERRELL-DUNCAN CLINIC INC

    C Corporation · PHYSICIANS · MO

    Directly controlled by CTCC

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512279349301416

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