2023-10-16T10:32:31-05:00 2022-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2022-01-01 581696660 MEDICAL FOUNDATION OF CHATTANOOGA INC MEDI 4236222872 1917 EAST THIRD STREET CHATTANOOGA TN 374042608 RAE YOUNG BOND EXECUTIVE DIRECTOR 4236222872 2023-09-28 1 RAE YOUNG BOND 999009999 0 KIM HUSKEY CPA P00958962 4237567771 2023-09-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RAE YOUNG BOND 1917 EAST THIRD STREET CHATTANOOGA TN 37404 1409478 0 X N/A X 1986 TN THE MEDICAL FOUNDATION OF CHATTANOOGA EXISTS TO SUPPORT THE COMMUNITY THROUGH HEALTH SERVICES RESEARCH, PROMOTION OF HEALTHY LIFESTYLES, EDUCATION, AND COOPERATION WITH OTHER CHARITABLE ENTITIES TO INCREASE ACCESS TO HEALTH CARE. 16 16 11 1180 0 0 891977 1361451 0 0 44533 48027 -16581 -36895 919929 1372583 0 0 0 0 833014 751077 0 0 62734 232131 521469 1065145 1272546 -145216 100037 4813766 4336253 103392 102887 4710374 4233366 THE MEDICAL FOUNDATION OF CHATTANOOGA EXISTS TO SUPPORT THE COMMUNITY THROUGH HEALTH SERVICES RESEARCH, PROMOTION OF HEALTHY LIFESTYLES, EDUCATION, AND COOPERATION WITH OTHER CHARITABLE ENTITIES TO INCREASE ACCESS TO HEALTH CARE. 0 0 1098384 48027 THE MEDICAL FOUNDATION OF CHATTANOOGA EXISTS TO SUPPORT THE CONTINUAL IMPROVEMENT OF COMMUNITY HEALTH AND STIMULATE PHILANTHROPY AND LEADERSHIP THAT RESPONDS TO HEALTH NEEDS THROUGHOUT THE COMMUNITY. THE FOUNDATION WORKS TO INCREASE ACCESS TO QUALITY HEALTH CARE, EXPAND OPPORTUNITY FOR HEALTH AND MEDICAL EDUCATION, AND ENCOURAGE PHYSICIANS TO ACHIEVE THE HIGHEST IDEALS OF MEDICINE IN THEIR LIVES AND PRACTICES. 1098384 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X RAE YOUNG BOND 4236222872 1917 EAST THIRD STREET CHATTANOOGA TN 37404 MELANIE BLAKE MD SECRETARY-TREASURER 1.00 X 0 0 0 HARISH MANYAM MD PRESIDENT ELECT 1.00 X 0 0 0 STEVEN FOX MD DIRECTOR 1.00 X 0 0 0 ROBERT JEAN DIRECTOR 1.00 X 0 0 0 ROBERT MAGILL MD DIRECTOR 1.00 X 0 0 0 JOHN MCCARLEY MD DIRECTOR 1.00 X 0 0 0 JEFFREY MULLINS MD DIRECTOR 1.00 X 0 0 0 MICHAEL NICHOLS MD DIRECTOR 1.00 X 0 0 0 MUKTA PANDA MD DIRECTOR 1.00 X 0 0 0 EUGENE RYAN MD DIRECTOR 1.00 X 0 0 0 KATE SHUSTER MD DIRECTOR 1.00 X 0 0 0 MARIJKA GREY PAST PRESIDENT 1.00 X 0 0 0 TODD THURSTON MD DIRECTOR 1.00 X 0 0 0 RICHARD MOODY MD PRESIDENT 1.00 X 0 0 0 HARSHA VARDHANA MD DIRECTOR 1.00 X 0 0 0 RAE YOUNG BOND EXECUTIVE DIRECTOR 20.00 40.00 X X 64472 114616 0 HAYLEY EVERETT MD RESIDENT MEMBER 1.00 X 0 0 0 64472 114616 0 0 0 1 0 0 126780 1175899 58772 1361451 48027 48027 0 126780 36895 -36895 -36895 1372583 48027 0 -36895 64132 64132 567140 541889 18938 6313 119805 115013 3594 1198 10306 608 9698 26904 14459 12445 35048 32442 2606 2322 2322 114272 42905 16144 55223 3018 3018 9051 8494 557 MAINTENANCE AND REPAIR 231152 213298 17854 OTHER ADMINISTRATIVE 34490 31241 3249 PRINTING 24536 12869 11667 TELEPHONE 10894 9384 1510 19476 9328 10148 1272546 1098384 111428 62734 1226789 983135 476844 476844 6857 336369 7481 7419 104700 69831 24796 34869 3070999 2497617 4813766 4336253 58801 48296 20450 25450 24141 29141 103392 102887 X 4710374 4233366 4710374 4233366 4813766 4336253 100037 -577045 0 X 0 1 X 1 0 X 836899 772896 751520 891976 1361329 4614620 836899 772896 751520 891976 1361329 4614620 4614620 46164 62773 55403 44533 48027 256900 4871520 0.94730 0.94280 X 26567 26567 78133 69831 8302 34869 SHORT TERM BOND INDEX ADM 178138 F TOTAL STOCK MARKET IDEX ADM 2319479 F 2497617 VICTORY RUN SPONSORSHIPS 29141 29141 X 6814894 -613940 6019356 36895 5442311 1372583 0 1372583 7291902 6019356 6019356 1272546 0 1272546 PART X, LINE 2: THE FOUNDATION IS CONSIDERED AN EXEMPT ORGANIZATION FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, IN THE EVENT THAT THE FOUNDATION PARTAKES IN AN ACTIVITY THAT COULD JEOPARDIZE THIS TAX-EXEMPT STATUS, THE FOUNDATION WOULD BE SUBJECT TO INCOME TAX. THE FOUNDATION FOLLOWS THE GUIDANCE OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBED A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC TOPIC 740 PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE FOUNDATION ADOPTED THE PROVISIONS OF ASC TOPIC 740, AND THE PROVISIONS HAD NO IMPACT ON THE FINANCIAL POSITION, RESULTS OF OPERATIONS, AND CASH FLOWS. BASED ON ITS EVALUATION, THE FOUNDATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE FOUNDATION HAS CONCLUDED THAT IT HAS NOT CONDUCTED ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE FOUNDATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED DECEMBER 31, 2019 THROUGH DECEMBER 31, 2022 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES X DENIM AND DIAMONDS 73110 73110 36895 GOLF FOR GOOD 43884 43884 2 9786 9786 126780 126780 36895 36895 -36895 0 0 0 0 0 0 0 0 0 RAE YOUNG BOND EXECUTIVE DIRECTOR 56336 100152 8136 14464 0 0 0 0 0 0 64472 114616 0 0 FORM 990, PART VI, SECTION A, LINE 7A FOUR MEDICAL SOCIETY OFFICERS SERVE AS VOTING EX-OFFICIO BOARD MEMBERS AND THE MEDICAL ALLIANCE NOMINATES ONE DIRECTOR. THE REMAINDER OF THE DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE AND AFFIRMED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY IS SENT TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. THEY REVIEW THE RETURN BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO FORMALLY DISCLOSE THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE BOARD OF DIRECTORS ARE THEN RESPONSIBLE FOR ANY MAJOR DECISIONS OF THE ORGANIZATION AND THEREFORE, MONITOR THAT NO TRANSACTIONS ARE ENTERED INTO THAT WOULD VIOLATE THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 RAE BOND IS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION AND IS A SHARED EMPLOYEE WITH THE CHATTANOOGA-HAMILTON COUNTY MEDICAL SOCIETY. THE BOARDS ESTABLISH HER ANNUAL COMPENSATION BASED ON PERFORMANCE, AS WELL AS COMPARISONS WITH SALARY SURVEYS OF COMPARABLE ORGANIZATIONS. RAE BOND REVIEWS ALL OF THE STAFF YEARLY AND RATES THEIR PERFORMANCE. THE STAFF'S COMPENSATION IS BASED SOLELY ON THEIR PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHATTANOOGA AND HAMILTON COUNTY MEDICAL SOCIETY 1917 EAST THIRD ST CHATTANOOGA TN 37404 620526054 TO PROMOTE AN OBSERVANCE OF THE CODE OF MEDICAL ETHICS TN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CHATTANOOGA AND HAMILTON COUNTY MEDICAL SOCIETY INC N 19200 CHATTANOOGA AND HAMILTON COUNTY MEDICAL SOCIETY INC O 179096