West Tennessee Healthcare Foundation
- Assets
- $50.3m
- Revenue
- $8.3m
- Investments
- $28.0m
- Employees
- 0
- Location
- Jackson, TN
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 58-1671241
Organization Overview
West Tennessee Healthcare Foundation is located in Jackson, TN. The organization was established in 1986. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Tennessee Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, West Tennessee Healthcare Foundation generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, West Tennessee Healthcare Foundation has awarded 730 individual grants totaling $39,417,872. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND OUTREACH TO SUPPORT THE MINISTRY OF HEALTH AND HEALING THROUGHOUT WEST TENNESSEE
Describe the Organization's Program Activity:
ANNUAL DISTRIBUTIONS OF INCOME PROVIDE A STEADY, BUDGET-ABLE INCOME STREAM FOR THE NONPROFIT CAUSES WHILE THE GROWTH OF THE ENDOWMENT PROVIDES FOR GROWING NEEDS OF THE NONPROFIT OR CAUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Crossett Secretary | OfficerTrustee | 1 | $0 |
Jeb Campbell Vice Chair | OfficerTrustee | 1 | $0 |
Bill Buckley Board Chair | OfficerTrustee | 1 | $0 |
Nancy Nanney Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Fowler CFO - End Oct 2021 | Officer | 40 | $0 |
Frank Mcmeen President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,750 |
| Related organizations | $0 |
| Government grants | $949,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,689,274 |
| Noncash contributions included in lines 1a–1f | $230,643 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,729,539 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $1,611,616 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,396 |
| Net Income from Fundraising Events | $21,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,274,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,930,667 |
| Grants and other assistance to domestic individuals. | $85,301 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258,813 |
| Fees for services: Other | $285,962 |
| Advertising and promotion | $33,939 |
| Office expenses | $0 |
| Information technology | $109,634 |
| Royalties | $0 |
| Occupancy | $78,724 |
| Travel | $15,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,067 |
| Insurance | $3,563 |
| All other expenses | $122,608 |
| Total functional expenses | $5,956,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,909,714 |
| Pledges and grants receivable | $584,529 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,205 |
| Net Land, buildings, and equipment | $536,555 |
| Investments—publicly traded securities | $17,247,654 |
| Investments—other securities | $28,048,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,344,324 |
| Accounts payable and accrued expenses | $81,390 |
| Grants payable | $81,639 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,578 |
| Total liabilities | $209,607 |
| Net assets without donor restrictions | $13,830,127 |
| Net assets with donor restrictions | $36,304,590 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $50,344,324 |
Grants Awarded
Over the last fiscal year, West Tennessee Healthcare Foundation has awarded $2,874,376 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, TN PURPOSE: $103,082.83 FOR THERAPY AND LEARNING CENTER, $9,493.86 FOR INDIGENT PATIENTS, $328,614.32 FOR THE AYERS CHILDREN'S MEDICAL CENTER, $226,346.04 FOR THE KIRKLAND CANER CENTER, $23,198.84 FOR TEMPERATURE SCREENING KIOSKS, $92,012 FOR GENERAL SUPPORT. | $782,748 |
OLD FRIENDSHIP BAPTIST CHURCH PURPOSE: $300,000 FOR BUILDING FUND FOR THE CHURCH, $200,000 FOR GENERAL SUPPORT. | $500,000 |
Jackson, TN PURPOSE: $193,744.50 FOR CONSTRUCTION OF BUILDING FOR A MOTHER'S LOVE PROGRAM, $1,200 FOR GENERAL SUPPORT. | $121,542 |
New York, NY PURPOSE: GENERAL SUPPORT | $120,000 |
Memphis, TN PURPOSE: LAMBUTH NURSING STUDENT SCHOLARSHIPS | $110,701 |
Jackson, TN PURPOSE: GENERAL SUPPORT | $87,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that West Tennessee Healthcare Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
John And Jane Campbell Family Foundation Bells, TN PURPOSE: SAM BOMAR MEMORIAL FUND | $3,000 |
Endowment Analysis
| Beg. Balance | $34,408,053 |
| Earnings | -$3,853,978 |
| Net Contributions | $169,400 |
| Other Expense | $1,706,656 |
| Ending Balance | $29,016,819 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitfield Healthcare Foundation Inc Dalton, GA | $80,346,613 | $10,956,602 |
Organized Community Action Program Inc Troy, AL | $4,769,877 | $13,210,301 |
Florida Laborers Health Fund Goodlettsville, TN | $21,527,387 | $8,809,889 |
National Organization Of Life And Health Insurance Guaranty Assocs Herndon, VA | $20,054,477 | $6,345,188 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
West Tennessee Healthcare Foundation Jackson, TN | $50,344,324 | $8,274,920 |
Pqa Inc Alexandria, VA | $9,185,809 | $6,455,435 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
National Medical Fellowships Inc alexandria, VA | $7,616,684 | $5,946,697 |
National Automobile Dealers Association Health Benefit Plan Tysons, VA | $274,352 | $3,896,581 |
Life And Health Insurance Foundation For Education Arlington, VA | $4,929,760 | $3,872,608 |
Carolina-Virginia Ufcw & Employers Health Benefit Fund Norfolk, VA | $753,587 | $3,174,906 |