2026-07-15T21:05:01-05:00 2025-08-31 346565596 Ernst & Young US LLP 155 N Wacker Drive Chicago IL 60606 990 2024-09-01 200292291 Baptist Health Foundation Greater Louisville Inc BAPT 5028967495 1901 Campus Place Louisville KY 40299 Richard F Carrico Treasurer 5028965000 2026-07-15 1 0 Katherine E Kurtzman P01236691 3128792183 2024 2025-03-06 01:10:19Z Jonathan Velez MD 4000 Kresge Way Louisville KY 40207 4545586 0 X WWW.SUPPORTBAPTISTHEALTH.ORG X 2003 KY To assist, advance and strengthen Baptist Health Louisville Hospital. 22 21 4 40 0 0 4303035 4156355 0 0 219151 277051 5129 23714 4527315 4457120 2910302 5547352 0 0 567102 451395 0 0 393364 175046 219996 3652450 6218743 874865 -1761623 21594164 20903262 110940 144278 21483224 20758984 X Baptist Health Foundation Greater Louisville is a nonprofit, non-stock corporation that promotes philanthropy and charitable giving to provide resources that assist, advance, and strengthen Baptist Health Louisville, a hospital owned and operated by Baptist Healthcare System, Inc. The Foundation supports Baptist Health's mission and ministry of healing in its role as a trusted community health center, provides educational opportunities for students in health-related fields, and supports other related health and humanitarian endeavors. Baptist Healthcare System, Inc. is recognized as a tax-exempt organization under Section 501(c)(3) and classified as a public charity under Section 509(a)(1). The Foundation operates exclusively for the benefit of Baptist Healthcare System, Inc., to perform its functions and carry out its mission and purposes. 0 1 5547352 5547352 The primary purpose of Baptist Health Foundation Greater Louisville is to encourage, solicit, receive and administer gifts, bequests, donations and benefactions made to the Foundation for the benefit of Baptist Health Louisville Hospital and to provide greater continuity and uniformity in the control, management and distribution of gifts, bequests, donations and benefactions. Baptist Health Foundation Greater Louisville works to further the missions of Baptist Health Louisville Hospital and Baptist Healthcare System, Inc. Baptist Health Louisville Hospital 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 Greater Louisville are used to support patient care, provide educational assistance and fund capital needs of Baptist Health Louisville Hospital. 5547352 1 1 0 0 0 0 0 0 0 1 0 1 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 1 0 0 1 X 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 KY X Richard F Carrico 5028965000 1901 Campus Place Louisville KY 40299 X Agnes Houseal Director (Through 12/31/24) 1.00 0.00 X 0 0 0 Andrew Pellino Vice Chair & Director 1.00 0.00 X X 0 0 0 Andy Powell Chair & Director 1.00 0.00 X X 0 0 0 Bob Stopher Director (Effective 7/1/25) 1.00 0.00 X 0 0 0 Carl Thomas Director (Effective 7/1/25) 1.00 0.00 X 0 0 0 Chris Morris Director 1.00 0.00 X 0 0 0 Chris O'Bryan Director 1.00 0.00 X 0 0 0 Clint Kaho VP & Director (Through 7/1/25) 1.00 40.00 X X 0 581862 47238 Danny McMahan Director 1.00 0.00 X 0 0 0 Deborah Reiss Director 1.00 0.00 X 0 0 0 Edith Wells Director 1.00 0.00 X 0 0 0 Guthrie Zaring Director 1.00 0.00 X 0 0 0 Jerry Greenwell Director (Through 7/1/25) 1.00 0.00 X 0 0 0 Jerry Hall Director (1/1/25 through 7/1/25) 1.00 0.00 X 0 0 0 Jerry Simms Director 1.00 0.00 X 0 0 0 John Crockett Director (Through 12/31/24) 1.00 0.00 X 0 0 0 John Dadds Director 1.00 0.00 X 0 0 0 Jonathan Velez MD President & Director 1.00 40.00 X X 0 719986 41763 Kellie Watson Director (Effective 7/1/25) 1.00 0.00 X 0 0 0 Kimberly Bunton Director 1.00 0.00 X 0 0 0 Maggie Keith Director (Through 12/31/24) 1.00 0.00 X 0 0 0 Mary Broecker Director (Through 7/1/25) 1.00 0.00 X 0 0 0 Nancy Laird Director (Effective 1/1/25) 1.00 0.00 X 0 0 0 Ramsey Nassar MD Director 1.00 0.00 X 0 0 0 Rick Robey Director 1.00 0.00 X 0 0 0 Robert L Hook Jr Director 1.00 1.00 X 0 3000 0 Stephen Gibson Director (Through 7/1/25) 1.00 0.00 X 0 0 0 Susan Stout Tamme Director 1.00 0.00 X 0 0 0 William Roby Jr Director 1.00 0.00 X 0 0 0 William Summers Director 1.00 0.00 X 0 0 0 Janet Norton Secretary 1.00 40.00 X 0 1211941 40610 Richard F Carrico Treasurer 1.00 40.00 X 0 1615014 51104 Larry Gray Pres & Dir (Through 8/31/23) 0.00 0.00 X 0 70067 0 Justin Leighty Asst. Secr (Through 2/14/24) 0.00 40.00 X 0 196785 39698 0 4398655 220413 0 1 1 0 0 132100 660338 3363917 4156355 131245 131245 145806 0 145806 145806 145806 112180 132100 88466 23714 23714 4457120 0 0 300765 5547352 5547352 354617 177309 177308 72949 36475 36474 23829 11915 11914 7488 7488 21122 6337 14785 28697 13547 15150 522 392 130 Admin & Fundraising Exp 115997 11996 104001 Stewardship & Cultivati 42002 8400 33602 Dues & Subscriptions 273 273 3895 3895 6218743 5547352 278027 393364 1614246 1688587 3358693 2880405 796972 425000 7444541 7993885 7218628 6695812 1161084 1219573 21594164 20903262 110940 144278 110940 144278 X 8641812 7800662 12841412 12958322 21483224 20758984 21594164 20903262 X -1761623 1215574 -178191 X 0 1 X 1 0 X X X 1 Baptist Healthcare System Inc 610444707 3 1 5547352 0 1 5547352 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10032520 3081755 55156 4221086 -3593329 12541674 6724389 3469516 2095388 -1934003 10032520 6724389 3308130 3308130 6724389 4466382 2870146 612139 6724389 8434079 3967697 4466382 0.05000 0.95000 0 0 0 17027 F Commingled Funds-Debt 1470086 F Commingled Funds-US Equity 2016184 F Commingled Funds-Intl Equity 1140169 F Private Equity & REIT 2052346 F 6695812 Other Receivables 1219573 1219573 Due To Affiliate 50036 Annuity Obligations 94242 144278 X Part V, Line 4: The endowment funds of the Foundation are used to support and enhance patient care at Baptist Health Louisville Hospital and to provide educational assistance to hospital employees. Part X, Line 2: Baptist Healthcare System, Inc. evaluates its uncertain tax positions on an annual basis in its audited consolidated 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 Health has determined that it has no uncertain tax positions that are required to be recorded as of August 31, 2025. Tax years that are open include the years from 2021 to 2023. Golf Tournament 244280 132100 112180 78400 4883 4160 1023 None 244280 132100 112180 78400 4883 4160 1023 88466 23714 1 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 501(c)(3) 5547352 0 Capital purchases, patient assistance, general support. 1 0 Part I, Line 2: Procedures for monitoring the use of grants: Baptist Health Foundation Greater Louisville 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 Louisville 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 Richard F Carrico Treasurer 0 849088 0 487888 0 278038 0 13800 0 37304 0 1666118 0 0 Janet Norton Secretary 0 663360 0 425349 0 123232 0 13800 0 26810 0 1252551 0 0 Jonathan Velez MD President & Director 0 534692 0 182652 0 2642 0 9195 0 32568 0 761749 0 0 Clint Kaho VP & Director (Through 7/1/25) 0 390926 0 180776 0 10160 0 13800 0 33438 0 629100 0 0 Justin Leighty Asst. Secr (Through 2/14/24) 0 196241 0 0 0 544 0 6030 0 33668 0 236483 0 0 Larry Gray Pres & Dir (Through 8/31/23) 0 0 0 70067 0 0 0 0 0 0 0 70067 0 0 Part I, Line 3 Baptist Healthcare System, a related organization of Baptist Health Foundation Greater Louisville, 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 Part I, Line 4b The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Janet Norton $99,734 Richard F. Carrico $254,540 Form 990, Part III, line 3 In furtherance of its mission, Baptist Healthcare System, Inc. established Baptist Health Foundation Oldham, Inc. to provide support to Baptist Health La Grange Hospital, which was previously supported by Baptist Health Foundation Greater Louisville. The Greater Louisville foundation will continue to support Baptist Health Louisville Hospital and Baptist Healthcare System, Inc. in their mission of healing. 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 2 Three current or former members of the Board of Directors are or were executives of related organizations. The following individuals have or had a business relationship in that they currently serve or previously served on the Board of Directors of the Foundation and are/were an officer and/or director of a related organization: Clint Kaho Jonathan Velez MD Larry Gray Form 990, Part VI, Section A, line 4 Baptist Health Foundation Greater Louisville, Inc. amended and restated its Articles of Incorporation on 3/25/2025. The amendments were administrative in nature and did not alter the management, purpose or governance of the Foundation. Form 990, Part VI, Section A, line 6 Baptist Healthcare System, Inc. (EIN: 61-0444707)is the sole member of Baptist Health Foundation Greater Louisville, Inc. (BHFGL). Form 990, Part VI, Section A, line 7a Baptist Healthcare System, Inc., the sole member, has the authority to appoint board members for Baptist Health Foundation Greater Louisville. Form 990, Part VI, Section A, line 7b Actions Requiring Member Approval: 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 and an outside accounting firm. 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 Greater Louisville, including executive management) to: 1) make objective decisions on behalf of Baptist Health Foundation Greater Louisville and/or 2) act in the best interests of Baptist Health Foundation Greater Louisville in a manner consistent with the tax-exempt purposes of Baptist Health Foundation Greater Louisville, 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 B, line 15 The President of Baptist Health Foundation Greater Louisville, Inc. is not an employee of the Foundation but is an employee of Baptist Healthcare System, Inc., a tax-exempt 501(c)(3) organization which is the sole member of the Foundation. The president is compensated by Baptist Healthcare System, Inc. Annually, the Baptist Healthcare System, Inc. Compensation Committee reviews the compensation, including base compensation and incentive compensation for the president. The Baptist Healthcare System, Inc. Compensation Committee is comprised of independent board members. The committee retains a compensation consultant to advise the committee and who provides data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated healthcare organizations. The committee reviews this information in approving annual base and incentive compensation and other items of reportable compensation described on Schedule J of the IRS Form 990. The decisions of the committee regarding compensation are contemporaneously documented in the minutes of the committee. Annually, the committee chairperson and the compensation consultant provide a report on executive compensation to the full Board of Directors of Baptist Healthcare System, Inc. All other officers of the Foundation are not employees of the Foundation nor are they compensated by the Foundation. 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 Greater Louisville, Inc. 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. Robert L. Hook, Jr. received compensation from a related organization of Baptist Health Foundation Greater Louisville, Inc. The compensation he received was for his role at the related organization and not for his role as a director of Baptist Health Foundation Greater Louisville, Inc. Form 990, Part XI, line 9: Unrestricted Capital -470,208. Balance Sheet Transfer -1,352,000. Other Change 1,644,017. Baptist Health Foundation Corbin Inc 1901 Campus Place Louisville KY 40299 473033550 Fundraising KY 501(c)(3) Line 12a, I BHS 1 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 Lexington Inc 1901 Campus Place Louisville KY 40299 611480774 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Oldham Inc 1901 Campus Place Louisville KY 40299 332666565 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 126 Lone Oak 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 N/A N/A 0 0 Baptist-Physicicans' Surgery Center 1720 Nicholasville Road Lexington KY 40503 043665929 Ambulatory Surgery Center KY N/A N/A 0 0 Medical Associates of Middletown 1901 Campus Place Louisville KY 40299 200399400 Medical Office Building KY N/A N/A 0 0 Baptist Health Cumberland Valley Surgical Center LLC 275 Hwy 770 Corbin KY 40701 611348280 Ambulatory Surgery Center KY N/A N/A 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Baptist Healthcare System Inc C 660338 Cost Baptist Healthcare System Inc B 5547352 Cost