2025-11-03T08:37:28-06:00 2024-12-31 990 2024-01-01 621414205 Methodist Medical Center Foundation METH 8653745329 1420 Centerpoint Blvd Bldg C Knoxville TN 379321960 Jeremy H Biggs President/CAO 8653745329 2025-11-03 1 2024 2025-03-06 01:10:19Z Shawn Smith 990 Oak Ridge Turnpike Oak Ridge TN 37830 520972 0 X covenanthealth.com/methodist/foundation/ X 1989 TN To support the programs and services of Methodist Medical Center through charitable gifts. 9 9 0 17 0 0 217875 474689 0 0 26127 39443 -3062 -11009 240940 503123 67477 135318 0 0 0 0 0 0 26760 34094 37168 101571 172486 139369 330637 1567591 2067048 20346 13851 1547245 2053197 X The Foundation is charged with raising, managing and distributing charitable gift support for Methodist Medical Center of Oak Ridge (MMC) in order to perpetuate and advance the highest quality of health care services at MMC. Donations to the Foundation support health care programs, services, education and equipment at MMC not otherwise funded or reimbursable by public or private insurance. The Foundation's mission is to assist MMC with extending the gift of life to all those in need, regardless of their ability to pay. 0 0 104530 104530 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 2024, the houses served 118 guests and provided 4,564 nights of stay for patients and families receiving cancer treatment, ICU/CCU care, and wound care at MMC. Guests traveled from 16 different Tennessee counties, as well as from Delaware, Florida, Georgia, Kentucky, Michigan, Pennsylvania and Texas. Based on standard local hotel rates, the value of the free lodging received by these guests was $547,680. 24947 24947 MMC Foundation provides funding for patients and employees in times of crisis through the Jack Sills MMC Chaplain's Fund. In 2024, assistance was provided to 28 patients and 50 employees to assist with housing, transportation, funeral, food, utilities and medical expenses so that they could push through unexpected crisis situations and resume their productive lives. 3788 3788 MMC Foundation funded continuing education equipment, clinical training and advanced certifications at Methodist Medical Center, including a training materials for nursing education, and advanced cardiovascular life support (ACLS) training for pharmacists. 2053 2053 Additionally, the foundation distributed a gift-in-kind of e-readers to support medical students in the MMC Family Residency program, and funds to support the Imagination Library program for children born in the MMC family birthing unit. 2053 2053 135318 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 TN X Andrew McCreary 8653745329 1420 Centerpoint Blvd Bldg C Knoxville TN 379321960 X Shawn Smith Director/Chair 1.00 0.00 X X 0 0 0 Charlotte Cunningham Director/Secretary 1.00 0.00 X X 0 0 0 Wilma Brantley Director 1.00 0.00 X 0 0 0 Chuck Hope Director 1.00 0.00 X 0 0 0 Cynthia Jenks Director 1.00 0.00 X 0 0 0 Michael Ousley Director 1.00 0.00 X 0 0 0 Mackenzie Phillips Director 1.00 0.00 X 0 0 0 Shannon Potter Director 1.00 0.00 X 0 0 0 Wendy West Director 1.00 0.00 X 0 0 0 Jeremy H Biggs President/CAO - Methodist 1.00 50.00 X 0 0 0 William R Bryant Jr VP and Chief Philanthrophy Officer 9.00 0.00 X 0 0 0 Patrick J Birmingham IV Fmr VP Philanthr. (through Feb 2024) 8.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 121815 352874 1571 474689 39443 39443 6840 121815 17849 -11009 -11009 503123 0 0 28434 110371 110371 24947 24947 33023 8256 24767 162 162 1231 846 385 Bank Fees 1078 1078 Meals & Entertainment 904 904 Postage and Shipping 651 163 488 Supplies 68 14 54 51 51 172486 135318 10408 26760 424875 294464 3500 119500 1722 98 1137494 1652986 1567591 2067048 2280 0 18066 13851 20346 13851 X 581692 801524 965553 1251673 1547245 2053197 1567591 2067048 330637 175315 0 X 0 1 X 1 0 X X 1 Methodist Medical Center 620636239 3 1 133746 1572 1 133746 1572 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part I, Line 12 (g)(vi) Methodist Medical Center Foundation provided food, household items, and repairs for the hospitality houses to Methodist Medical Center. Part IV, Section B, Line 1: The MMC Foundation exists to meet the patient care needs of Methodist Medical Center ("Hospital"), its supported organization. As such, the Foundation takes its direction from the Hospital's CAO. The CAO utilizes the system budget process for planning for the use of charitable dollars in the year ahead. Once approved, as expenses are incurred by the Hospital, the Foundation reimburses the Hospital for the particular need. If an appropriate Foundation (charitable gift) funding opportunity comes up outside of this process, the CAO approaches Covenant Health's Executive Leadership Team for approval. The Hospital then expends the dollars and is reimbursed from the Foundation. The Foundation does not decide how or where to allocate dollars outside of discussion with and approval by the Hospital's CAO (and Covenant Health leadership). A nominating committee made up of Foundation board members and appropriate administrative staff, and appointed by the chair, identifies and discusses potential new Foundation board members. These names are then reviewed by the Hospital's administration and shared with Covenant Health's senior leadership prior to submission by the committee to the MMC Foundation's full board of directors for official approval. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1139445 361846 28944 133021 708 1396506 1084829 105335 18535 67377 1877 1139445 1040228 119258 38337 111385 1609 1084829 999941 123131 22385 103031 2198 1040228 925503 147043 24276 86008 10873 999941 0.14080 0.46750 0.39170 1 0 0 Due to Affiliates - Net 13780 Other Liabilities 71 13851 X Part V, Line 4: Methodist Medical Center Foundation maintains five permanent endowment funds to support the mission of Methodist Medical Center. The principle of these funds will be kept and invested in perpetuity. The revenue generated by these endowments provides for continuing operations and improvements at the family residency program, the Hospitality Houses, and the Jane Manly Quiet Room. Part X, Line 2: Excerpt from the consolidated audited financial statements of Covenant Health (Covenant), parent company to Methodist Medical Center, the supported organization of Methodist Medical Center Foundation: Covenant and certain of its subsidiaries or controlled entities are exempt from income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes on qualifying activities has been made for these entities in the accompanying consolidated financial statements. However, certain entities and operations are subject to income taxes. Covenant had no unrecognized tax benefits at December 31, 2024 and 2023. As such, no interest or penalties were recognized in the consolidated financial statements related to unrecognized tax benefits. At December 31, 2024 and 2023, tax returns for 2021 through 2024 are subject to examination by the Internal Revenue Service. Covenant has no uncertain tax positions that would require financial statement recognition or disclosure under GAAP at December 31, 2024 and 2023. Acorn Classic 59867 54467 5400 0 863 7500 1691 1948 Health Talk 43250 41810 1440 1200 2995 944 1 25538 25538 708 128655 121815 6840 863 8700 4686 3600 17849 -11009 1 Methodist Medical Center 1420 Centerpoint Blvd Bldg C Knoxville TN 37932 620636239 501 (c)(3) 108799 1572 FMV Items for Hospitality Houses Operating support for the hospitality houses, family practice medical residency program, staff clinical education and the family birthing unit, as well as capital equiment needs. 1 Financial assistance for patients/families/employees of Methodist Medical Center 78 24947 Part I, Line 2: Grants to Methodist Medical Center are reviewed and approved through the hospital's annual budget process for planning for the use of charitable dollars. Once approved, as expenses are incurred by the Hospital, the Foundation reimburses the Hospital for the particular need. If an appropriate Foundation (charitable gift) funding opportunity comes up outside of this process, the CAO approaches Covenant Health's Executive Leadership Team for approval. The Hospital then expends the dollars and is reimbursed from the Foundation. The Foundation does not decide how or where to allocate dollars outside of discussion with and approval by the Hospital's CAO (and Covenant Health leadership). Form 990, Part VI, Section B, line 11b A draft Form 990 was presented to and approved by the board of directors. Management reviews and approves the final version of Form 990 prior to filing. Form 990, Part VI, Section B, line 12c Board members, officers and employees are required to adhere to rules and policies regarding conflicts of interest. The conflict of interest policy is presented before the full board of directors for review on an annual basis. It is part of the orientation process for new Methodist Medical Center Foundation board members. Form 990, Part VI, Section B, line 15 Jeremy H. Biggs, President & CAO of Methodist Medical Center, is compensated by Covenant Health for services rendered to Methodist Medical Center. William R. Bryant Jr., VP of Philanthropy, is also compensated by Covenant Health and serves the System and supporting foundations. Covenant Health is the parent company of Methodist Medical Center, the supported organization of Methodist Medical Center Foundation, and is an unrelated organization with respect to Methodist Medical Center Foundation. Overall compensation policies for Methodist Medical Center, Covenant Health (Parent Company), and affiliates are set by the Covenant Health Chief Executive Officer (CEO) in consultation with appropriate Executive Vice Presidents and the Senior Vice President-Human Resources, after review by and discussion with the executive compensation consultant ("the Consultant") to ensure that total compensation for each executive is reasonable and within a fair market value range. Form 990, Part VI, Section C, line 19 Methodist Medical Center Foundation makes its governing documents and financial statements available to the public upon request. The organization's conflict of interest policy is not made publicly available. Methodist Medical Center 1420 Centerpoint Blvd Bldg C Knoxville TN 379321960 620636239 Acute care hospital TN 501(c)(3) Line 3 Covenant Health 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 Methodist Medical Center B 135318 Cash/FMV