Methodist Medical Center Foundation
- Assets
- $1.3m
- Revenue
- $308.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 62-1414205
Organization Overview
Methodist Medical Center Foundation is located in Knoxville, TN. The organization was established in 1990. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Methodist Medical Center 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 12/2022, Methodist Medical Center Foundation generated $308.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $144.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PROGRAMS AND SERVICES OF METHODIST MEDICAL CENTER THROUGH CHARITABLE GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITALITY HOUSES OF METHODIST MEDICAL CENTER PROVIDE TEMPORARY LODGING FOR PATIENTS AND FAMILIES WHO MUST TRAVEL LONG DISTANCES FOR TREATMENT AT METHODIST MEDICAL CENTER OR THOMPSON CANCER SURVIVAL CENTER AT MMC. THE THREE HOMES OFFER 12 FULLY FURNISHED APARTMENTS; SHARED KITCHEN, DINING, LAUNDRY AND FAMILY ROOMS; STOCKED PANTRIES; TRANSPORTATION ASSISTANCE AS NEEDED; AND FREE PARKING. THE PROGRAM IS SUPPORTED ENTIRELY BY CHARITABLE CONTRIBUTIONS.GUESTS OF THE HOSPITALITY HOUSES STAY AS LONG AS THEY NEED, FREE OF CHARGE. SINCE THE FIRST HOUSE OPENED IN 1997, THOUSANDS OF GUESTS HAVE RECEIVED LODGING. IN 2022, THE HOUSES SERVED 113 GUESTS AND PROVIDED 1,994 NIGHTS OF STAY FOR PATIENTS AND FAMILIES RECEIVING CANCER TREATMENT, ICU/CCU CARE, AND WOUND CARE AT MMC. BASED ON STANDARD LOCAL HOTEL RATES, THE VALUE OF THE FREE LODGING RECEIVED BY THESE GUESTS WAS $239,280.
OTHER PROGRAM SERVICES INCLUDE PROVIDING FUNDING FOR THE FAMILY BIRTHING CENTER.
CONTRIBUTIONS FROM THE COVENANT HEALTH'S ANNUAL EMPLOYEE GIVING CAMPAIGN SUPPORT THE JACK SILLS CHAPLAIN'S BENEVOLENCE FUND AT METHODIST MEDICAL CENTER THAT PROVIDES EMERGENCY ASSISTANCE FOR EMPLOYEES, PATIENTS, AND PATIENT FAMILIES IN TIMES OF CRISIS. IN 2022, THE FUND ASSISTED 168 PATIENTS AND 46 EMPLOYEES WITH EMERGENCY AID FOR FOOD, HOUSING, TRANSPORTATION, MEDICATIONS/MEDICAL EQUIPMENT, FUNERAL EXPENSES, AND UTILITIES.
MMC FOUNDATION FUNDED CONTINUING EDUCATION AND ADVANCED CERTIFICATIONS FOR STAFF IN THE OUTPATIENT PHYSICAL THERAPY CLINIC, INCLUDING DRY NEEDLING THERAPY TRAINING AND LYMPHEDEMA THERAPY CERTIFICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Tambornini Director/chair | OfficerTrustee | 1 | $0 |
Wilma Brantley Director | Trustee | 1 | $0 |
Charlotte Cunningham Director | Trustee | 1 | $0 |
Chuck Hope Director | Trustee | 1 | $0 |
Michael Ousley Director | Trustee | 1 | $0 |
Shannon Potter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,657 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,580 |
| Noncash contributions included in lines 1a–1f | $20,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,237 |
| Total Program Service Revenue | $0 |
| Investment income | $47,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,330 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,585 |
| Grants and other assistance to domestic individuals. | $20,800 |
| 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 | $31,451 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $893 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $144,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $319,092 |
| Pledges and grants receivable | $0 |
| 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 | $900 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $996,059 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,316,051 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $22,816 |
| Total liabilities | $22,816 |
| Net assets without donor restrictions | $376,393 |
| Net assets with donor restrictions | $916,842 |
| 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 | $1,316,051 |
Grants Awarded
Over the last fiscal year, Methodist Medical Center Foundation has awarded $436,219 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METHODIST MEDICAL CENTER PURPOSE: Operating subsidy for clinical trials, Hospitality Houses, clinical staff education, and medical equipment | $436,219 |