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Nonprofiteer
← BAPTIST HEALTH RICHMOND FOUNDATION INC

Form 990 for tax year 2023

Filed by BAPTIST HEALTH RICHMOND FOUNDATION INC.

Totals

Total revenue
$1,822,260
Total expenses
$1,620,491
Contributions and grants received
$1,714,489
Grants paid
$1,356,163
Program service revenue
$0
Investment income
$145,939
Other revenue
-$38,168
Total assets, end of year
$8,945,380
Total liabilities, end of year
$78,941
Net assets or fund balances, end of year
$8,866,439
Program services expenses (Part IX)
$1,468,675
Management and general expenses
$85,699
Fundraising expenses
$66,117
Program service expenses (Part III)
$1,468,675

Program services were 90.6% 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.

  • 1c · Fundraising events

    $101,900

  • 1d · Related organizations

    $268,325

  • 1e · Government grants (contributions)

    $207,756

  • 1f · All other contributions, gifts and grants

    $1,136,508

  • 3 · Investment income

    total $117,762 · excluded $117,762

  • 7a · Gross sales of assets other than inventory

    securities $28,177

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

    securities $0

  • 7c · Gain or loss

    securities $28,177

  • 7d · Net gain or loss

    total $28,177 · excluded $28,177

  • 8a · Fundraising events: gross income

    $55,116

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

    $101,900

  • 8b · Fundraising events: direct expenses

    $93,284

  • 8c · Net income from fundraising events

    total -$38,168 · excluded -$38,168

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,356,163 · program services $1,356,163

  • 7 · Other salaries and wages

    total $168,748 · program services $92,811 · management and general $42,187 · fundraising $33,750

  • 9 · Other employee benefits

    total $23,114 · program services $12,713 · management and general $5,779 · fundraising $4,622

  • 10 · Payroll taxes

    total $12,705 · program services $6,988 · management and general $3,176 · fundraising $2,541

  • 11f · Fees: investment management

    total $3,325 · management and general $3,325

  • 12 · Advertising and promotion

    total $6,363 · management and general $3,818 · fundraising $2,545

  • 13 · Office expenses

    total $13,852 · management and general $13,852

  • 17 · Travel

    total $93 · management and general $93

  • 24a · Other expenses: Stewardship & Cultivati

    total $30,212 · management and general $7,553 · fundraising $22,659

  • 24b · Other expenses: Administrative Expense

    total $4,071 · management and general $4,071

  • 24c · Other expenses: Dues & Subscriptions

    total $1,845 · management and general $1,845

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $92,352 · end of year $24,253

  • 3 · Pledges and grants receivable

    beginning of year $285,119 · end of year $487,065

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,390 · end of year $58,150

  • 11 · Investments: publicly traded securities

    beginning of year $5,036,939 · end of year $5,631,229

  • 15 · Other assets

    beginning of year $2,321,156 · end of year $2,744,683

  • 25 · Other liabilities

    beginning of year $93,742 · end of year $78,941

  • 27 · Net assets without donor restrictions

    beginning of year $6,449,269 · end of year $6,909,690

  • 28 · Net assets with donor restrictions

    beginning of year $1,244,945 · end of year $1,956,749

Mission and programs · 2023

Mission

The mission of Baptist Health Foundation Richmond is to serve as an instrument to assist, advance and strengthen Baptist Health Richmond hospital in its mission and ministry of healing, in its service as a health center for the community, in its mission to provide for the best education possible for students in various health fields, and in all related health and humanitarian endeavors. Baptist Health Foundation Richmond will encourage, solicit, receive and administer gifts, bequests, donations, and benefactions made to or for the benefit of Baptist Health Richmond hospital and Baptist Healthcare System, Inc. and will further the mission and ministry of our Christian heritage of service by enhancing the health of the people and communities we serve.

Activities or mission (Part I)

To assist, advance, support and strengthen Baptist Health Richmond hospital.

  • The primary purpose of Baptist Health Foundation Richmond is to foster philanthropy and charitable giving that will provide resources to assist, advance and strengthen Baptist Health Richmond hospital in fulfilling its mission, and the mission of Baptist Healthcare System, Inc. to address the region's healthcare needs. Baptist Health Foundation Richmond provides greater continuity and uniformity in the control, management, and distributions of gifts, bequests, donations, and benefactions received for the benefit of Baptist Health Richmond hospital and Baptist Healthcare System, Inc. Baptist Health Richmond 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 Richmond are used exclusively to support patient care, education and the capital needs of Baptist Health Richmond hospital.

    Expenses $1,468,675 · Grants $1,356,163

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

Listed in Part VII

  • Catherine Holbrook

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chad Aldridge

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Colleen Chaney

    Director

    Total calculated
    $0
    Hours/week
    1

  • David W Smith

    Director (Through 12/31/23)

    Total calculated
    $0
    Hours/week
    1

  • Douglass Owen MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Gerard

    President & Director

    Total calculated
    $459,071
    From this org
    $0
    From related orgs
    $413,461
    Other
    $45,610
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,026 related
    Bonus
    $0 + $99,068 related
    Other
    $0 + $5,367 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $32,410 related
    Filer's total
    $0 + $459,071 related

  • Jane Clouse

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Stocker Steidle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lee Anne Browder

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Arnold

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mendi Goble

    Director

    Total calculated
    $0
    Hours/week
    1

  • Otis D Ballard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rev Mitch Brown

    Vice Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Ronda Taylor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Schuronda Morton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Switalski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sucheta Mohanty

    Chair & Director

    Total calculated
    $0
    Hours/week
    1

  • Tammy Hill

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Tyler Frazier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vickie Moberly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jackson Davenport

    Asst Secretary (Through 2/20/24)

    Total calculated
    $47,837
    From this org
    $0
    From related orgs
    $46,745
    Other
    $1,092
    Hours/week
    40

  • Janet Norton

    Secretary

    Total calculated
    $1,109,535
    From this org
    $0
    From related orgs
    $1,070,881
    Other
    $38,654
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,490 related
    Bonus
    $0 + $307,860 related
    Other
    $0 + $120,531 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $25,454 related
    Filer's total
    $0 + $1,109,535 related

  • Kari Lyons Martin

    Vice President

    Total calculated
    $108,446
    From this org
    $0
    From related orgs
    $83,503
    Other
    $24,943
    Hours/week
    40

  • Karl Lainhart

    Asst Treasurer

    Total calculated
    $249,520
    From this org
    $0
    From related orgs
    $210,810
    Other
    $38,710
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,490 related
    Bonus
    $0 + $13,444 related
    Other
    $0 + $1,876 related
    Deferred
    $0 + $8,117 related
    Nontaxable benefits
    $0 + $30,593 related
    Filer's total
    $0 + $249,520 related

  • Richard Carrico

    Treasurer

    Total calculated
    $913,869
    From this org
    $0
    From related orgs
    $883,091
    Other
    $30,778
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $711,974 related
    Bonus
    $0 + $155,891 related
    Other
    $0 + $15,226 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,778 related
    Filer's total
    $0 + $913,869 related

  • Stephen R Oglesby

    Former Treasurer (Through 1/6/23)

    Total calculated
    $343,444
    From this org
    $0
    From related orgs
    $336,248
    Other
    $7,196
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $277,805 related
    Bonus
    $0 + $49,875 related
    Other
    $0 + $8,568 related
    Deferred
    $0 + $6,511 related
    Nontaxable benefits
    $0 + $685 related
    Filer's total
    $0 + $343,444 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 4b
The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Janet Norton $97,033 Stephen R. Oglesby $6,163
Part I, Line 3:
Baptist Healthcare System,Inc., a related organization of Baptist Health Foundation Richmond, 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, and - Approval by the Board or Compensation Committee

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.

  • Baptist East Milestone LLC

    N/A · Fitness Center · KY

  • Baptist - Physicicans' Surgery Center

    N/A · Ambulatory Surgery Center · KY

  • Medical Associates of Middletown

    N/A · Medical Office Building · KY

  • Baptist Health Cumberland Valley Surgical Center LLC

    N/A · Ambulatory Surgery Center · KY

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202511969349302171

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