2025-04-25T15:10:30-07:00 2024-12-31 873277671 Waycaster CPA LLC 139 Fallen Leaf Drive Chickamauga GA 30707 990 2024-01-01 581696660 MEDICAL FOUNDATION OF CHATTANOOGA INC MEDI 4236222872 1917 EAST THIRD STREET CHATTANOOGA TN 374042608 RAE YOUNG BOND EXECUTIVE DIRECTOR 4237567771 2025-04-25 0 1 Jennifer Waycaster P01622020 9312657056 2025-04-25 2024 2025-03-06 01:10:19Z RAE YOUNG BOND 1917 EAST THIRD STREET CHATTANOOGA TN 374042608 2155444 0 X 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. 15 15 13 1150 0 0 1859453 1189122 0 0 80948 759429 -39360 206893 1901041 2155444 0 0 0 0 840343 660752 0 0 73410 344170 625251 1184513 1286003 716528 869441 5665582 6567848 110235 120922 5555347 6446926 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 1126386 0 0 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. 0 0 0 1126386 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 13 1 0 0 0 0 0 0 0 0 X 15 15 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 GENE HUFFSTUTTER PRESIDENT 2 0 X X 0 0 0 JAMES HAYNES DIRECTOR 1 0 X 0 0 0 MELANIE BLAKE SECRETARY-TREASURER 2 0 X X 0 0 0 COLLEEN SCHMITT VICE PRESIDENT 2 0 X X 0 0 0 GLENN NEWMAN DIRECTOR 1 0 X 0 0 0 TRACIE LESAR DIRECTOR 1 0 X 0 0 0 NITA SHUMAKER DIRECTOR 1 0 X 0 0 0 CHRISTIE BURBANK DIRECTOR 1 0 X 0 0 0 VANESSA MCNEIL DIRECTOR 1 0 X 0 0 0 HARSHA VARDHANA DIRECTOR 1 0 X 0 0 0 KAREN AUSTIN DIRECTOR 1 0 X 0 0 0 RICHARD MOODY DIRECTOR 1 0 X 0 0 0 HARISH MANYAM DIRECTOR 1 0 X 0 0 0 MARIJKA GREY DIRECTOR 1 0 X 0 0 0 TODD THURSTON DIRECTOR 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1082738 106384 0 1189122 0 759429 759429 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127236 0 0 127236 0 127236 79657 79657 0 0 79657 2155444 839086 0 127236 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 551026 495924 49592 5510 7587 6828 683 76 60889 54801 5479 609 41250 37125 3713 412 0 0 0 0 0 0 0 0 15283 15283 0 0 0 0 0 0 0 0 0 0 0 0 305043 305043 0 0 23871 23871 0 0 30231 27207 3024 0 23092 20782 2310 0 0 0 0 0 39944 35950 3994 0 8434 7590 844 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5026 5026 0 0 6230 5607 623 0 BANK FEES 4533 0 4533 0 DONATIONS 2300 0 2300 0 DUES AND SUBSCRIPTIONS 3341 3341 0 0 REPAIRS AND MAINTENANCE 13199 11879 1320 0 144724 70129 7792 66803 1286003 1126386 86207 73410 1490194 234678 490909 1026229 0 0 536277 536205 0 0 0 0 0 0 0 0 2600 12563 116266 79035 36064 37231 0 0 3109538 4720942 0 0 0 0 0 0 5665582 6567848 52154 89894 0 0 31819 31028 0 0 0 0 0 0 0 0 0 0 26262 0 110235 120922 X 5541990 6433569 13357 13357 5555347 6446926 5665582 6567848 869441 0 0 0 22138 0 X X 0 1 X 1 0 X 751520 891976 1361329 1858961 1189122 6052908 0 0 0 0 0 0 0 0 0 0 0 0 751520 891976 1361329 1858961 1189122 6052908 0 6052908 55403 44533 48027 80948 106045 334956 0 0 0 0 0 0 0 0 0 0 0 0 6387864 0 0.94756 0.9508 X 0 0 0 0 0 0 0 0 32759 7394 25365 0 67115 63353 3762 0 16392 8288 8104 37231 0 0 CERTIFICATE OF DEPOSITS 711717 F STOCKS, FIXED INCOME, AND SHORT-TERM RESERVES 4009225 F 4720942 0 0 X 10474703 0 8319259 0 0 8319259 2155444 0 0 0 2155444 9605262 8319259 0 0 0 8319259 1286003 0 0 0 1286003 Schedule D, 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, 2021 THROUGH DECEMBER 31, 2024 FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2024. GOLF FOR GOOD 43687 0 43687 0 0 0 0 0 0 ANNUAL FUNDRAISER 78735 0 78735 0 0 0 0 0 0 0 122422 0 122422 0 0 0 0 0 0 0 122422 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. Form 990, Part IX, Line 11g OTHER PROFESSIONAL SERVICES AND CONTRACT LABOR TO CARRY OUT PROGRAM SERVICES. Form 990, Part IX, Line 24e INCLUDES PROGRAM EVENTS AND MEETINGS AND OTHER MISC EXPENSES. Form 990, Part XII, Line 2c PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. CHATTANOOGA AND HAMILTON COUNTY MEDICAL SOCIETY 1917 EAST THIRD STREET CHATTANOOGA TN 37404 620526054 TO PROMOTE AN OBSERVANCE OF THE CODE OF MEDICAL ETHICS TN N/A 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 n 20800 CHATTANOOGA AND HAMILTON COUNTY MEDICAL SOCIETY o 284146