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Nonprofiteer
← AHS OF GREATER MEMPHIS FOUNDATION INC

Form 990 for tax year 2024

Filed by AHS OF GREATER MEMPHIS FOUNDATION INC.

Totals

Total revenue
$1,782,329
Total expenses
$1,736,417
Contributions and grants received
$1,398,783
Grants paid
$1,400,025
Program service revenue
$0
Investment income
$360,448
Other revenue
$23,098
Total assets, end of year
$9,560,661
Total liabilities, end of year
$727,628
Net assets or fund balances, end of year
$8,833,033
Program services expenses (Part IX)
$1,400,025
Management and general expenses
$59,069
Fundraising expenses
$277,323
Program service expenses (Part III)
$1,400,025

Program services were 80.6% 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.

  • 1e · Government grants (contributions)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $398,783

  • 3 · Investment income

    total $140,961 · excluded $140,961

  • 7a · Gross sales of assets other than inventory

    securities $2,750,331

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

    securities $2,530,844

  • 7c · Gain or loss

    securities $219,487

  • 7d · Net gain or loss

    total $219,487 · excluded $219,487

  • 8a · Fundraising events: gross income

    $38,665

  • 8b · Fundraising events: direct expenses

    $15,567

  • 8c · Net income from fundraising events

    total $23,098 · excluded $23,098

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,400,025 · program services $1,400,025

  • 5 · Compensation of officers, directors and key employees

    total $200,000 · fundraising $200,000

  • 7 · Other salaries and wages

    total $38,936 · fundraising $38,936

  • 8 · Pension plan contributions

    total $9,888 · fundraising $9,888

  • 9 · Other employee benefits

    total $11,287 · fundraising $11,287

  • 10 · Payroll taxes

    total $17,212 · fundraising $17,212

  • 11c · Fees: accounting

    total $2,995 · management and general $2,995

  • 11f · Fees: investment management

    total $34,562 · management and general $34,562

  • 11g · Fees: other

    total $7,613 · management and general $7,613

  • 12 · Advertising and promotion

    total $1,700 · management and general $1,700

  • 13 · Office expenses

    total $1,240 · management and general $1,240

  • 17 · Travel

    total $6,018 · management and general $6,018

  • 23 · Insurance

    total $2,396 · management and general $2,396

  • 24a · Other expenses: TELEPHONE

    total $1,250 · management and general $1,250

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $885 · management and general $885

  • 24c · Other expenses: BANK CHARGES

    total $350 · management and general $350

  • 24d · Other expenses: LICENSES AND FEES

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,757 · end of year $118,906

  • 2 · Savings and temporary cash investments

    beginning of year $1,205,854 · end of year $1,241,396

  • 3 · Pledges and grants receivable

    beginning of year $3,612,061 · end of year $3,628,201

  • 11 · Investments: publicly traded securities

    beginning of year $4,058,272 · end of year $4,572,158

  • 17 · Accounts payable and accrued expenses

    beginning of year $437,363 · end of year $727,628

  • 27 · Net assets without donor restrictions

    beginning of year $8,563,581 · end of year $8,833,033

Mission and programs · 2024

Mission

TO ASSIST, ADVANCE, AND STRENGTHEN ALLIANCE HEALTHCARE SERVICES IN ITS MISSION TO RENDER QUALITY CARE IN DELIVERY OF SERVICES.

  • TO DISCOVER, ENCOURAGE, CULTIVATE, SOLICIT, AND STEWARD PHILANTHROPIC GIFTS, RECEIVE, RECEIPT, AND ADMINISTER GIFTS, BEQUESTS, MEMORIALS AND HONORARIUMS FOR THE ADVANCEMENT OF ALLIANCE HEALTHCARE SERVICES AND ITS MISSION TO RENDER QUALITY CARE IN THE DELIVERY OF SERVICES.

    Expenses $1,400,025 · Grants $1,400,025

As filed on the 2024 return.

Listed in Part VII

  • Mark Billingsley

    EXECUTIVE DIRECTOR

    Total calculated
    $215,465
    From this org
    $186,458
    From related orgs
    $0
    Other
    $29,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,458
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,007
    Filer's total
    $215,465

  • Andy Cook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacey Rokas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Wilke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • M David Rudd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Quinton Robinson

    EX-OFFICIO BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Gaskill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Shorb

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Beverly Robertson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Birch

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Martin J Petrusek

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Laurie Powell

    EX OFFICIO BOARD MEMBER

    Total calculated
    $370,090
    From this org
    $0
    From related orgs
    $335,396
    Other
    $34,694
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,694 related
    Filer's total
    $0 + $370,090 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 · Written employment contract

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

The filer's explanations (Part III)

PART I, LINE 3
A WRITTEN EMPLOYMENT CONTRACT WAS ESTABLISHED APRIL 10, 2023. ANY CHANGES TO THE CONTRACT OR EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349305546

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