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Nonprofiteer
← BALLAD HEALTH FOUNDATION

Form 990 for tax year 2022

Filed by BALLAD HEALTH FOUNDATION.

Totals

Total revenue
$7,726,360
Total expenses
$18,711,967
Contributions and grants received
$6,316,780
Grants paid
$17,282,947
Program service revenue
$0
Investment income
$1,401,132
Other revenue
$8,448
Total assets, end of year
$67,442,232
Total liabilities, end of year
$22,739,416
Net assets or fund balances, end of year
$44,702,816
Program services expenses (Part IX)
$17,282,947
Management and general expenses
$1,270,207
Fundraising expenses
$158,813
Program service expenses (Part III)
$17,282,947

Program services were 92.4% 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

    $341,567

  • 1d · Related organizations

    $111,783

  • 1f · All other contributions, gifts and grants

    $5,863,430

  • 3 · Investment income

    total $1,115,424 · excluded $1,115,424

  • 7a · Gross sales of assets other than inventory

    securities $285,708

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

    securities $0

  • 7c · Gain or loss

    securities $285,708

  • 7d · Net gain or loss

    total $285,708 · excluded $285,708

  • 8a · Fundraising events: gross income

    $84,290

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

    $341,567

  • 8b · Fundraising events: direct expenses

    $169,874

  • 8c · Net income from fundraising events

    total -$85,584 · excluded -$85,584

  • 9a · Gaming: gross income

    $153,848

  • 9b · Gaming: direct expenses

    $59,816

  • 9c · Net income from gaming

    total $94,032 · excluded $94,032

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,144,616 · program services $17,144,616

  • 2 · Grants to domestic individuals

    total $138,331 · program services $138,331

  • 5 · Compensation of officers, directors and key employees

    total $355,544 · management and general $355,544

  • 6 · Compensation of disqualified persons

    total $479,551 · management and general $479,551

  • 11f · Fees: investment management

    total $41,952 · management and general $41,952

  • 11g · Fees: other

    total $134,858 · management and general $125,983 · fundraising $8,875

  • 12 · Advertising and promotion

    total $34,965 · management and general $20,914 · fundraising $14,051

  • 16 · Occupancy

    total $126,178 · management and general $126,178

  • 17 · Travel

    total $17,451 · management and general $17,451

  • 24a · Other expenses: CHILDREN'S MIRACLE NETW

    total $93,035 · fundraising $93,035

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $63,850 · management and general $63,850

  • 24c · Other expenses: DONOR RECOGNITION

    total $41,567 · fundraising $41,567

  • 24d · Other expenses: OTHER

    total $30,485 · management and general $29,200 · fundraising $1,285

  • 24e · All other expenses

    total $9,584 · management and general $9,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,036,155 · end of year $22,817,216

  • 3 · Pledges and grants receivable

    beginning of year $4,571,995 · end of year $4,377,607

  • 4 · Accounts receivable

    beginning of year $164,971 · end of year $311,243

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,697 · end of year $137,466

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

    $140,526

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

    $133,393

  • 10c · Land, buildings and equipment, net

    beginning of year $44,345 · end of year $7,133

  • 11 · Investments: publicly traded securities

    beginning of year $34,240,353 · end of year $37,697,171

  • 15 · Other assets

    beginning of year $1,955,097 · end of year $2,094,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,099 · end of year $6,183

  • 19 · Deferred revenue

    beginning of year $252,500 · end of year $323,126

  • 25 · Other liabilities

    beginning of year $8,411,336 · end of year $22,410,107

  • 27 · Net assets without donor restrictions

    beginning of year $9,542,223 · end of year $11,774,620

  • 28 · Net assets with donor restrictions

    beginning of year $43,876,455 · end of year $32,928,196

Mission and programs · 2022

Mission

BALLAD HEALTH FOUNDATION'S PRIMARY PURPOSE IS TO BUILD RELATIONSHIPS WITH OTHERS TO FULFILL THE MISSION AND VISION OF BALLAD HEALTH THROUGH PHILANTHROPY. WORKING TOGETHER AROUND A COMMON SET OF OBJECTIVES, WE CAN TRANSFORM OUR COMMUNITY'S HEALTH AND WELL-BEING.

  • DURING THE FISCAL YEAR ENDING JUNE 30, 2023, THE FOUNDATION AWARDED A TOTAL OF $17,257,947 IN GRANTS TO SUPPORT THE CHARITABLE PROGRAMS OF BALLAD HEALTH. $15.1 MILLION WAS DESIGNATED FOR NISWONGER CHILDREN'S HOSPITAL & PEDIATRIC SERVICES, WITH $14.9 MILLION FUNDING THE PLANNING AND CONSTRUCTION OF A NEW NICU AND PEDIATRIC SUBSPECIALTY CLINICS. THE FOUNDATION ALSO PROVIDED GRANTS FOR CARDIOVASCULAR SERVICES ($188,000), CANCER SERVICES AND PATIENT SUPPORT ($176,000), AND HOSPICE CARE, INCLUDING RENOVATIONS TO THE HOSPICE HOUSE ($133,000). ADDITIONALLY, GRANTS SUPPORTED EDUCATIONAL PROGRAMMING FOR STAFF ($125,358), PATIENT ASSISTANCE PROGRAMS ($276,911), AND TEAM MEMBER EMERGENCY SUPPORT ($130,000).

    Expenses $17,282,947 · Grants $17,282,947

As filed on the 2022 return.

Listed in Part VII

  • Ted Fields

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Lynn Krutak

    TRUSTEE / BH EVP & CFO

    Total calculated
    $1,319,206
    From this org
    $0
    From related orgs
    $1,209,478
    Other
    $109,728
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,629 related
    Bonus
    $0 + $520,077 related
    Other
    $0 + $6,772 related
    Deferred
    $0 + $82,332 related
    Nontaxable benefits
    $0 + $27,396 related
    Filer's total
    $0 + $1,319,206 related

  • Jack Simpson

    PRESIDENT / EX-OFFICIO

    Total calculated
    $355,544
    From this org
    $317,625
    From related orgs
    $0
    Other
    $37,919
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $193,559
    Bonus
    $121,434
    Other
    $2,632
    Deferred
    $11,758
    Nontaxable benefits
    $26,161
    Filer's total
    $355,544

  • Greg Cox

    SECRETARY / TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bedard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Cox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Elizabeth Gartner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Joanne Hairston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Carla Karst

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Keck

    TRUSTEE

    Total calculated
    $928,983
    From this org
    $0
    From related orgs
    $837,512
    Other
    $91,471
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $477,287 related
    Bonus
    $0 + $347,573 related
    Other
    $0 + $12,652 related
    Deferred
    $0 + $63,501 related
    Nontaxable benefits
    $0 + $27,970 related
    Filer's total
    $0 + $928,983 related

  • Michele King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Lich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Norris

    TRUSTEE

    Total calculated
    $665,621
    From this org
    $0
    From related orgs
    $595,211
    Other
    $70,410
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,428 related
    Bonus
    $0 + $245,595 related
    Other
    $0 + $5,188 related
    Deferred
    $0 + $46,937 related
    Nontaxable benefits
    $0 + $23,473 related
    Filer's total
    $0 + $665,621 related

  • Dawn Tuell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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.

  • REHAB HOSPITAL OF BRISTOL LLC

    REHAB SERVICES · VA

  • EMMAUS COMMUNITY HEALTHCARE PLLC

    MEDICAL SERVICES · TN

  • MEDICAL SPECIALISTS OF JC LLC

    MEDICAL SERVICES · TN

  • EAST TN AMBULATORY SURGERY CENTER

    MEDICAL SERVICES · TN

Related corporations and trusts

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

  • BLUE RIDGE MEDICAL MANAGEMENT CORP

    C · MEDICAL SERVICES · TN

  • MEDISERVE MEDICAL EQUIPMENT

    C · DURABLE MEDICAL EQUIPMENT CO. · TN

  • MOUNTAIN STATES PROPERTIES

    C · PROPERTY MANAGEMENT · TN

  • MOUNTAIN STATES PHYSICIAN GROUP

    C · MEDICAL SERVICES · TN

  • COMMUNITY HOME CARE INC

    C · DURABLE MEDICAL EQUIPMENT CO. · VA

  • WILSON PHARMACY INC

    C · PHARMACY · TN

  • WELLMONT INC

    C · MEDICAL SERVICES · TN

  • WELLMONT PHYSICIAN SERVICES

    C · MEDICAL SERVICES · TN

  • WPS PROVIDERS INC

    C · MEDICAL SERVICES · TN

  • WELLMONT HEALTH SERVICES INC

    C · MEDICAL SERVICES · TN

  • NOLICHUCKEY MANAGEMENT SVCS INC

    C · MEDICAL SERVICES · TN

  • BALLAD VENTURES LLC

    C · INVESTMENTS · TN

  • WELLMONT INSURANCE CO SPC LT

    C · INSURANCE · CJ

  • BALLAD HEALTH DEVELOPMENT CORPORATION

    C · INVESTMENTS · TN

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202401249349300830

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