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Nonprofiteer
← AHS OF GREATER MEMPHIS FOUNDATION INC

Form 990 for tax year 2022

Filed by AHS OF GREATER MEMPHIS FOUNDATION INC.

Totals

Total revenue
$746,774
Total expenses
$5,136,622
Contributions and grants received
$0
Grants paid
$5,024,857
Program service revenue
$0
Investment income
$745,757
Other revenue
$1,017
Total assets, end of year
$3,940,532
Total liabilities, end of year
$61,701
Net assets or fund balances, end of year
$3,878,831
Program services expenses (Part IX)
$5,024,857
Management and general expenses
$50,729
Fundraising expenses
$61,036
Program service expenses (Part III)
$5,024,857

Program services were 97.8% 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.

  • 3 · Investment income

    total $293,336 · excluded $293,336

  • 7a · Gross sales of assets other than inventory

    securities $6,419,941

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

    securities $5,967,520

  • 7c · Gain or loss

    securities $452,421

  • 7d · Net gain or loss

    total $452,421 · excluded $452,421

  • 11a · Other revenue: MISC INVESTMENT CLAIM

    total $1,017 · excluded $1,017

  • 11e · Other revenue, total

    $1,017

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,024,857 · program services $5,024,857

  • 5 · Compensation of officers, directors and key employees

    total $40,104 · fundraising $40,104

  • 8 · Pension plan contributions

    total $1,604 · fundraising $1,604

  • 10 · Payroll taxes

    total $3,068 · fundraising $3,068

  • 11e · Fees: professional fundraising services

    total $15,000 · fundraising $15,000

  • 11f · Fees: investment management

    total $49,751 · management and general $49,751

  • 14 · Information technology

    total $1,260 · fundraising $1,260

  • 17 · Travel

    total $221 · management and general $221

  • 23 · Insurance

    total $144 · management and general $144

  • 24a · Other expenses: TELEPHONE

    total $313 · management and general $313

  • 24b · Other expenses: BANK CHARGES

    total $300 · management and general $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,452 · end of year $19,157

  • 2 · Savings and temporary cash investments

    beginning of year $200,906 · end of year $152,598

  • 11 · Investments: publicly traded securities

    beginning of year $8,287,774 · end of year $3,768,777

  • 17 · Accounts payable and accrued expenses

    end of year $61,701

  • 27 · Net assets without donor restrictions

    beginning of year $8,507,132 · end of year $3,878,831

Mission and programs · 2022

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 $5,024,857 · Grants $5,024,857

As filed on the 2022 return.

Listed in Part VII

  • Eric Trent McVay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Murphysteen Counts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin J Petrusek

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Norma Lester

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steve Wilke

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Billingsley

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Laurie Powell

    CEO/EX OFFICIO

    Total calculated
    $265,935
    From this org
    $0
    From related orgs
    $234,874
    Other
    $31,061
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,732 related
    Bonus
    $0 + $142 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,061 related
    Filer's total
    $0 + $265,935 related

  • Kyle B Hataway

    CFO

    Total calculated
    $210,315
    From this org
    $0
    From related orgs
    $180,392
    Other
    $29,923
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,250 related
    Bonus
    $0 + $142 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,923 related
    Filer's total
    $0 + $210,315 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349313673

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