2025-07-15T12:41:04-05:00 2024-08-31 990 2023-09-01 473033550 Baptist Health Foundation Corbin Inc BAPT 5028965000 1901 Campus Place Louisville KY 40299 Richard F Carrico Treasurer 5028965000 2025-07-15 0 2023 2025-03-06 01:10:19Z Angelia Foster 1 Trillium Way Corbin KY 40701 4437579 0 X www.supportbaptisthealth.org X 2014 KY The mission of the foundation is to support BH Corbin hospital in their ministry of healing. 13 13 2 40 0 0 1409952 4411151 0 0 2716 15078 848 -3600 1413516 4422629 1122546 874784 0 0 236781 150761 0 0 112503 19421 60158 1378748 1085703 34768 3336926 905387 3794475 142052 70259 763335 3724216 X The mission of Baptist Health Foundation Corbin is to assist, advance, strengthen and support its sole member, Baptist Healthcare System, Inc. in their mission and ministry of continuing our Christian heritage of service by enhancing the health of the people and communities we serve. Baptist Health Foundation Corbin will encourage, solicit and receive donations, bequests, gifts and benefactions made to or for the benefit of Baptist Health Corbin hospital, an unincorporated operating division of Baptist Healthcare System, Inc. (BHS). BHS is described under Section 501(c)(3) and is classified under Section 509(a)(1) as a public charity. The foundation is operated exclusively for the benefit of, to perform the functions of, and to carry out the mission and purposes of Baptist Healthcare System, Inc. 0 0 874784 874784 The primary purpose of the Baptist Health Foundation Corbin is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Corbin, a hospital owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Corbin provides medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. Donations made to Baptist Health Foundation Corbin are used to support patient care and capital needs of Baptist Health Corbin hospital. 874784 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 X 0 0 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 KY X Richard Carrico 5028965000 1901 Campus Place Louisville KY 40299 X Alan Coppock Chair & Dir (Through 12/31/23) 1.00 0.00 X X 0 0 0 Allison Moore Director (Effective 1/1/24) 1.00 0.00 X 0 0 0 Andrew Parks MD Director 1.00 40.00 X 0 425692 45280 Anne Klein Hoskins Director (Through 10/27/23) 1.00 0.00 X 0 0 0 Anthony Powers Pres & Dir (Through 2/8/24) 1.00 40.00 X X 0 516074 50262 Bruce Carpenter Director 1.00 0.00 X 0 0 0 C William Briscoe Director 1.00 0.00 X 0 0 0 Carcille Burchette Director (Through 12/31/23) 1.00 0.00 X 0 0 0 David Worthy MD Director (Through 12/31/23) 1.00 40.00 X 0 423437 42627 Debbie Tipton Director 1.00 0.00 X 0 0 0 Madgel Miller Director (Through 12/5/23) 1.00 0.00 X 0 0 0 Mallory Davis Director (Effective 1/1/24) 1.00 0.00 X 0 0 0 Matt Bailey Director (Effective 2/12/24) 1.00 40.00 X 0 0 0 Meghann Chestnut Director (Effective 1/1/24) 1.00 0.00 X 0 0 0 Missy Reid Director (Effective 1/1/24) 1.00 0.00 X 0 0 0 Seth Reeves Director 1.00 0.00 X 0 0 0 Stefanie Ebbens-Kingsley Director (Through 11/8/23) 1.00 0.00 X 0 0 0 Suzie Barton Razmus Director 1.00 0.00 X 0 0 0 Terri Daniel-Chumbley MD Director (Through 5/9/24) 1.00 0.00 X 0 0 0 Tim Barnes Director 1.00 0.00 X 0 0 0 Usha Patil MD Director (Through 12/31/23) 1.00 0.00 X 0 0 0 Wajdi Kfoury MD Director 1.00 40.00 X 0 627543 39179 Janet Norton Secretary 1.00 40.00 X 0 1070881 38654 Pamela Jones Asst Treasurer 1.00 40.00 X 0 231591 20918 Richard Carrico Treasurer 1.00 40.00 X 0 883091 30778 Whitley Gatliff Asst Secr (Through 1/24/24) 1.00 40.00 X 0 46907 11522 Stephen R Oglesby Treasurer (Through 1/6/23) 0.00 0.00 X 0 336248 7196 0 4561464 286416 0 1 1 0 0 6000 210586 663619 3530946 4411151 12153 12153 2925 0 2925 2925 2925 11350 6000 14950 -3600 -3600 4422629 0 0 11478 874784 874784 118068 59034 59034 23890 11945 11945 8803 4402 4401 333 333 27127 6782 20345 8677 6535 2142 4011 3009 1002 Stewardship & Cultivati 17397 4349 13048 Administrative Expense 2613 2027 586 1085703 874784 98416 112503 79804 40431 134721 2387103 68387 48968 622475 716014 0 601959 905387 3794475 142052 70259 142052 70259 X 434305 320649 329030 3403567 763335 3724216 905387 3794475 X 3336926 96578 -472623 X 0 1 X 1 0 X X X 1 Baptist Healthcare System Inc 610444707 3 1 874784 0 1 874784 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part IV, Section B, Line 1 The power to appoint and/or remove directors or trustees rests solely with Baptist Healthcare System, Inc., the sole member of Baptist Health Foundation Corbin, Inc. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 329030 3185757 111220 3403567 329030 168571 168571 329030 240879 204665 116514 329030 209513 87246 55880 240879 196293 80294 67074 209513 1.00000 0 0 0 Other Assets 601959 601959 InterCompany Liabilities 70259 70259 X Part V, Line 4: The endowment funds of the Foundation are used to support and enhance patient care at Baptist Health Corbin Hospital. Part X, Line 2: Baptist Healthcare System, Inc. evaluates its uncertain tax positions on an annual basis in it's consolidated audited financial statements that include this filing entity. A tax benefit from an uncertain position may be recognized when it is more likely than not that the position will be sustained upon examination, including the resolution of any related appeals or litigation processes, based on the technical merit of the position. Baptist has determined that it has no uncertain tax positions that are required to be recorded as of August 31, 2024. Tax years that are open include the years from 2019 to 2022. KY Golf Tournament 17350 6000 11350 3652 11298 None 17350 6000 11350 3652 11298 14950 -3600 0 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 501(C)(3) 874784 0 Capital needs and patient and employee support. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring the use of grants: Baptist Health Foundation Corbin provides only direct contributions and other general support; therefore, no monitoring of charitable contributions is performed. In keeping with the Foundation's mission to support the efforts of Baptist Health Corbin hospital, the Foundation grants funds to the hospital as needed for capital projects, operations support, patient and employee assistance and growth. 0 1 0 0 0 0 0 0 0 Janet Norton Secretary 0 642490 0 307860 0 120531 0 13200 0 25454 0 1109535 0 0 Richard Carrico Treasurer 0 711974 0 155891 0 15226 0 0 0 30778 0 913869 0 0 Wajdi Kfoury MD Director 0 271020 0 337690 0 18833 0 13200 0 25979 0 666722 0 0 Anthony Powers Pres & Dir (Through 2/8/24) 0 387116 0 126603 0 2355 0 13200 0 37062 0 566336 0 0 Andrew Parks MD Director 0 413869 0 10000 0 1823 0 13200 0 32080 0 470972 0 0 David Worthy MD Director (Through 12/31/23) 0 388327 0 29421 0 5689 0 13200 0 29427 0 466064 0 0 Stephen R Oglesby Treasurer (Through 1/6/23) 0 277805 0 49875 0 8568 0 6511 0 685 0 343444 0 0 Pamela Jones Asst Treasurer 0 211428 0 16617 0 3546 0 8576 0 12342 0 252509 0 0 Part I, Line 4b The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan, as they are fully vested in the plan: Janet Norton $97,033 Stephen R. Oglesby $6,163 Part I, Line 3: Baptist Healthcare System, a related organization of Baptist Health Foundation Corbin, Inc., uses the following to establish the compensation of the organization's CEO: - Compensation committee, - Independent compensation consultant, - Form 990 of other organizations, - Written employment contract, - Compensation survey or study, and - Approval by the Board or Compensation committee Form 990, Part V, Line 2b The employment tax returns for the employees reported on Line 2a were reported under a common paymaster. The employment taxes were reported and paid by Baptist Healthcare System, Inc. (EIN:61-0444707). Form 990, Part VI, Section A, line 6 Baptist Healthcare System, Inc. (EIN 61-0444707) is the sole member of the corporation. Form 990, Part VI, Section A, line 7a The sole member, Baptist Healthcare System, Inc. has the authority to appoint all board members for Baptist Health Foundation Corbin, Inc. Form 990, Part VI, Section A, line 7b The consent and approval of the Member shall be required for all major corporate actions including the following: (a) amend, repeal or alter the articles of incorporation or bylaws; (b) merge or consolidate or agree to merge or consolidate the Corporation with or into any other organization; (c) liquidate, reorganize or recapitalize the Corporation; (d) create or incur any indebtedness which exceeds $100,000; (e) make any capital expenditure which exceeds $100,000; (f) execute any contract, agreement or similar instrument by which the Corporation may be obligated to pay more than $50,000 in any year; (g) other than acquiring marketable securities held for investment purposes and accepting gifts of marketable securities, acquire the stock of any corporation or invest in or acquire an interest in any business enterprise; (h) sell or agree to sell or otherwise dispose of all or a substantial part of the assets of the Corporation or any investment or interest in any business enterprise, other than marketable securities disposed of in the ordinary course of the Corporation's activities; (i) approve the Corporation's annual operating budget and capital expenditures budget; (j) accept any gift that requires the Corporation or the Member to match funds, to carry out substantial new activities in connection with the gift, or that is made subject to restrictions that are not clearly consistent with the Corporation's charitable purposes and with the Member's mission; (k) accept any gift of real property; (l) accept any gift that requires the Corporation or the Member to assume indebtedness; (m) make any gift or contribution to any organization other than the Member unless such gift or contribution is approved by the Member or is consistent with guidelines established by the Member; (n) adopt investment guidelines. Form 990, Part VI, Section B, line 11b The IRS Form 990 is internally prepared and reviewed by finance and foundation management. The governing body receives an electronic copy of the Public Disclosure Copy of the Form 990 for review prior to filing with the IRS. Any questions or comments are addressed by explanation or a change to the form. Form 990, Part VI, Section B, line 12c A conflict of interest is any circumstance, relationship, (financial or otherwise), activity or decision made in the course of governance, management or professional responsibilities or otherwise, that adversely influences or appears to adversely influence the ability of a covered person, (any officer, director or other person in a similar position of authority over Baptist Health Foundation Corbin, including executive management) to: 1) make objective decisions on behalf of Baptist Health Foundation Corbin and/or 2) act in the best interests of Baptist Health Foundation Corbin in a manner consistent with the tax-exempt purposes of Baptist Health Foundation Corbin, Inc. Each Director shall be required to complete an annual disclosure statement, in a form established by the Corporation, setting forth businesses or organizations in which such Director has an interest, as well as other pertinent information, and deliver such statement to the Corporation for retention in its records. Form 990, Part VI, Section C, line 19 The organization will provide any documents open to public inspection upon request. Form 990, Part VII Officers of Baptist Health Foundation Corbin provide services to Baptist Healthcare System, Inc. and its subsidiaries. Hours worked are not tracked on an entity by entity basis. Therefore, all officers and directors' hours reported on Form 990, Part VII, Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees and Independent Contractors represent aggregate hours worked per week for all entities. The Directors that received compensation from a related organization, as reported on Form 990, Part VII, were compensated by Baptist Healthcare System, Inc., a related organization, for their role at Baptist Healthcare System, Inc., and not for their role as a Director of Baptist Health Foundation Corbin, Inc. Form 990, Part XI, line 9: Other Adjustment -472,623. Baptist Health Foundation Floyd Inc 1901 Campus Place Louisville KY 40299 922389529 Fundraising IN 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Greater Louisville Inc 1901 Campus Place Louisville KY 40299 200292291 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Lexington Inc 1901 Campus Place Louisville KY 40299 611480774 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Paducah Inc 1901 Campus Place Louisville KY 40299 264057759 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Richmond Inc 1901 Campus Place Louisville KY 40299 311506378 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Medical Group Inc 1901 Campus Place Louisville KY 40299 205497203 Physician Services KY 501(c)(3) Line 3 BHS 1 Baptist Healthcare Foundation Inc 1901 Campus Place Louisville KY 40299 311122867 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 Hospital KY 501(c)(3) Line 3 N/A 0 Mercy Regional Emergency Medical System 3551 Coleman Road Paducah KY 42001 611310466 Ambulance Service KY 501(c)(3) Line 12a, I BHS 1 Pattie A Clay Hospital Auxiliary PO Box 1600 Richmond KY 40476 510172717 Hospital Support KY 501(c)(3) Line 12a, I BHS 0 Baptist East Milestone LLC 750 Cypress Station Road Louisville KY 40207 611355065 Fitness Center KY BHS Excluded 0 0 Baptist Health Cumberland Valley Surgical Center LLC 275 Hwy 770 Corbin KY 40701 611348280 Ambulatory Surgery Center KY BHS Related 0 0 Baptist-Physicicans' Surgery Center 1720 Nicholasville Road Lexington KY 40503 043665929 Ambulatory Surgery Center KY BHS Related 0 0 Medical Associates of Middletown 1901 Campus Place Louisville KY 40299 200399400 Medical Office Building KY BHS Related 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Baptist Healthcare System Inc B 874784 Cost Baptist Healthcare System Inc C 210586 Cost Baptist Healthcare System Inc S 71793 Cost