2026-07-15T20:38:05-05:00 2025-08-31 990 2024-09-01 311122867 Baptist Healthcare Foundation Inc BAPT 5028965000 1901 Campus Place Louisville KY 40299 Richard F Carrico VP & Treasurer 5028965000 2026-07-15 0 2024 2025-03-06 01:10:19Z Gerard J Colman PhD 1901 Campus Place Louisville KY 40299 5123497 0 X www.supportbaptisthealth.org X 1983 KY To serve as an instrument to assist, advance and strengthen Baptist Healthcare System, Inc. in their ministry of healing, in their service as a health center for their communities, and in all related health and humanitarian endeavors. 3 2 22 0 0 0 4587426 4988559 0 0 86310 134938 0 0 4673736 5123497 691781 595288 0 0 1857018 2211660 29052 27500 1116492 687875 657246 3265726 3491694 1408010 1631803 10270355 12250159 124923 108465 10145432 12141694 To serve as an instrument to assist, advance and strengthen Baptist Healthcare System, Inc. in their ministry of healing, in their service as a health center for their communities, and in all related health and humanitarian endeavors. 0 0 1143727 595288 Baptist Healthcare Foundation, Inc., is organized and operated to benefit Baptist Healthcare System, Inc., the largest not-for-profit health system in Kentucky in their ministry of healing and service. The foundation builds on the Baptist Health heritage of leadership, healing, service and commitment by fostering partnerships to assist, advance and strengthen the exceptional medical care at our hospitals and throughout the diverse communities we serve. Amounts paid to Baptist Healthcare Foundation are used to support patient care and capital needs at our eight member hospitals. All Baptist Health facilities provide medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. 1143727 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 1 0 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 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 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 Gerard J Colman PhD President & Director 1.00 40.00 X X 0 5671807 166937 Alan Rudd Vice Chair & Director 1.00 0.00 X X 0 0 0 Victoria Buster Chair & Director 1.00 0.00 X X 0 0 0 R Christion Hutson Director (Through 12/31/24) 1.00 0.00 X 0 0 0 Janet M Norton Vice President & Secretary 1.00 40.00 X 0 1211941 40610 Richard F Carrico Vice President & Treasurer 1.00 40.00 X 0 1615014 51104 0 8498762 258651 0 0 1 0 0 4175794 812765 4988559 61272 61272 73666 0 73666 73666 73666 5123497 0 0 134938 595288 595288 1781804 356361 801812 623631 52706 10541 23718 18447 245785 49157 110603 86025 131365 26273 59114 45978 27500 27500 38163 15545 22618 54930 8157 33554 13219 166189 86863 79326 126271 43990 47137 35144 Cultivation & Stewardsh 116975 8773 2262 105940 Purchased Services 80597 8655 15696 56246 Dues & Subscriptions 65155 31256 33899 Administrative Expenses 5442 1752 1272 2418 3524 3524 3491694 1143727 1231475 1116492 16695 26733 1494635 1399225 53567 120904 2265764 3408652 2068594 2695024 33781 33781 4337319 4565840 10270355 12250159 8600 9280 116323 99185 124923 108465 X 1754431 3677837 8391001 8463857 10145432 12141694 10270355 12250159 X 1631803 534759 -170300 X 0 1 X 1 0 X X 1 Baptist Healthcare System Inc 610444707 3 1 3491694 0 1 3491694 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I Baptist Healthcare Foundation provides benefits to Baptist Healthcare System by supporting the purpose of the organization in its ministry of healing through fundraising and management support. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6853 F Commingled Funds-Debt 591701 F Commingled Funds-US Equity 811502 F Commingled Funds-Intl Equity 458911 F Private Equity & REIT 826057 F 2695024 Grant Receivable 1000000 Other Receivable 405334 Other Assets 1999000 Due From Affiliate 1161506 4565840 Annuity Obligations 99185 99185 X Part X, Line 2: Baptist Healthcare System, Inc. evaluates its uncertain tax positions on an annual basis in their audited consolidated financial statements that include this filing organization. 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, 2025. Tax years that are open include the years from 2021 to 2023. X X X X X X X 1 BWF Zuri 7900 Xerxes Avenue South Minneapolis MN 55431 Capital Campaign 0 0 27500 27500 27500 27500 0 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 501(c)(3) 595288 0 Assistance for capital projects, hospital operations and patient and employee support. 1 0 Schedule I, Part I, Line 2 Baptist Healthcare Foundation 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 Healthcare System's hospitals, the Foundation grants funds to Baptist Health hospitals as needed for capital projects, operations support, patient and employee assistance and growth. 0 1 0 0 0 0 0 0 0 Gerard J Colman PhD President & Director 0 1775200 0 3612076 0 284531 0 127579 0 39358 0 5838744 0 0 Richard F Carrico Vice President & Treasurer 0 849088 0 487888 0 278038 0 13800 0 37304 0 1666118 0 0 Janet M Norton Vice President & Secretary 0 663360 0 425349 0 123232 0 13800 0 26810 0 1252551 0 0 Part I, Line 3 Baptist Healthcare System, Inc., a related organization of Baptist Healthcare Foundation, 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, -Approval by the Board of Directors or compensation committee. Part I, Line 4b One officer and/or executive of a related organization that is a current officer of Baptist Healthcare Foundation, Inc., participated in the Supplemental Executive Retirement Plan and accrued amounts for 2024 which is a portion of the amount reported as deferred compensation in Schedule J, Column C. Other retirement and deferred compensation reported in Schedule J, Column C include amounts for the Retirement Accumulation Plan and Thrift Plan. The following individual participates in and accrued amounts from the Supplemental Executive Retirement Plan: Gerard J. Colman PhD $113,779 The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Janet Norton $99,734 Gerard J. Colman PhD $265,974 Richard F. Carrico $254,540 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 Baptist Healthcare Foundation, Inc. Form 990, Part VI, Section A, line 7a Baptist Healthcare System, Inc., the sole member, has the authority to appoint all Board members for Baptist Healthcare Foundation, Inc. Form 990, Part VI, Section A, line 7b The consent & approval of the sole member shall be required for all major corporate actions, and any act the result of which would be to: (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 corporation; (c) liquidate, reorganize or recapitalize the corporation; (d) create or incur any unbudgeted indebtedness which exceeds $50,000; (e) make any capital expenditure which exceeds $50,000; (f) authorize the execution of 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, acquire any stock of any corporation or invest in or acquire any 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 & 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 or with the Member's mission; (k) accept any gift of real property (l) accept any gift that requires the corporation 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 or select a fund manager. 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 director, officer, non-director member of a committee with governing board delegated powers or other person in a similar position of authority over Baptist Healthcare Foundation,(BHF), including executive management)to: 1) make objective decisions on behalf of BHF and/or 2) act in the best interests of BHF in a manner consistent with the tax-exempt purposes of BHF. Annually the Chief Legal Officer and Secretary of Baptist Healthcare System, Inc. (BHS) sends out a conflict of interest questionnaire to each of the directors serving on the Board of Baptist Healthcare Foundation. The completed questionnaires are reviewed by the Board of Directors or the Governance Effectiveness Committee for any potential conflicts. The Board or Committee will determine by a majority vote of disinterested directors whether the disclosed financial or special interest may result in a conflict of interest. If, subsequent to completion of the annual questionnaire, any covered person becomes aware of a financial or special interest that could give rise to a conflict of interest with respect to a proposed contract, transaction, or arrangement involving BHF, the covered person will promptly disclose the interest. Form 990, Part VI, Section B, line 15 Officers of Baptist Healthcare Foundation, Inc. are not employees of Baptist Healthcare Foundation, Inc. but are employees of Baptist Healthcare System, Inc., a tax-exempt 501(c)(3) organization which is the sole member of Baptist Healthcare Foundation, Inc. The officers are 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 for Baptist Healthcare Foundation, 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' 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. Gerard J. Colman received compensation from Baptist Healthcare System, Inc., a related organization of Baptist Healthcare Foundation. The compensation he received is for his role at Baptist Healthcare System, Inc., and not for his role as a Director of Baptist Healthcare Foundation, Inc. Form 990, Part XI, line 9: Other Change -170,300. Baptist Health Foundation Corbin Inc 1901 Campus Place Louisville KY 40299 473033550 Fundraising KY 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Floyd Inc 1901 Campus Place Louisville KY 40299 922389529 Fundraising IN 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Greater Louisville Inc 1901 Campus Place Louisville KY 40299 200292291 Fundraising KY 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Lexington Inc 1901 Campus Place Louisville KY 40299 611480774 Fundraising KY 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Oldham Inc 1901 Campus Place Louisville KY 40299 332666565 Fundraising KY 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Paducah Inc 1901 Campus Place Louisville KY 40299 264057759 Fundraising KY 501(c)(3) Line 12b, II BHS 1 Baptist Health Foundation Richmond Inc 1901 Campus Place Louisville KY 40299 311506378 Fundraising KY 501(c)(3) Line 12b, II 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 System Inc 1901 Campus Place Louisville KY 40299 610444707 Hospital KY 501(c)(3) Line 3 N/A 0 Mercy Regional Emergency Medical System LLC 126 Lone Oak Road Paducah KY 42001 611310466 Ambulance Service KY 501(c)(3) Line 12b, II BHS 1 Pattie A Clay Hospital Auxiliary PO Box 1600 Richmond KY 40476 510172717 Hospital Support KY 501(c)(3) Line 12b, II 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 LLC 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 B 595288 Cost Baptist Healthcare System Inc C 4175794 Cost