2026-07-15T20:36:48-05:00 2025-08-31 990 2024-09-01 264057759 Baptist Health Foundation Paducah Inc BAPT 5028965000 1901 Campus Place Louisville KY 40299 Richard F Carrico Treasurer 5028965000 2026-07-15 0 2024 2025-03-06 01:10:19Z Kenny Boyd 2501 Kentucky Ave Paducah KY 42003 1063194 0 X www.supportbaptisthealth.org/paducah X 2008 KY To assist, advance and strengthen Baptist Health Paducah Hospital. 20 19 2 20 0 0 1000707 822632 0 0 249026 240562 0 0 1249733 1063194 4251246 2713818 0 0 187697 156222 0 0 82269 70748 83873 4509691 2953913 -3259958 -1890719 17924522 17057400 6948 9727 17917574 17047673 X Baptist Health Foundation Paducah is a non-profit, non-stock corporation which operates to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Paducah, a hospital owned and operated by Baptist Healthcare System, Inc. in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. to provide quality healthcare services to meet the region's health needs. Baptist Healthcare System, Inc. 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 2754411 2713818 The primary purpose of the Baptist Health Foundation Paducah is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Paducah, 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 Paducah 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 Paducah are used to support patient care and capital needs of Baptist Health Paducah Hospital. 2754411 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 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 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 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 Allison Rains MD Director 1.00 0.00 X 0 0 0 Ashley Johnson Director 1.00 0.00 X 0 0 0 Brandon Buchanan Director 1.00 0.00 X 0 0 0 Cory Samsil Director 1.00 0.00 X 0 0 0 Daniel Jones Director 1.00 0.00 X 0 0 0 Dawn Arnold Director 1.00 0.00 X 0 0 0 Dina Byers PhD Director (Effective 7/1/25) 1.00 0.00 X 0 0 0 Dorothea Manley-Davis Director 1.00 0.00 X 0 0 0 George Wilson Director 1.00 0.00 X 0 0 0 Heath Bowling Chair & Director 1.00 0.00 X X 0 0 0 J David Bailey Director (Effective 7/1/25) 1.00 0.00 X 0 0 0 Jeff Holland Director 1.00 0.00 X 0 0 0 Jennifer McIntosh-Lasher Director 1.00 0.00 X 0 0 0 Jonathan McGregor Director 1.00 0.00 X 0 0 0 Kenny Boyd President & Director 1.00 40.00 X X 0 681827 38892 Mark Donohoo Director 1.00 0.00 X 0 0 0 Mary Katz Director 1.00 0.00 X 0 0 0 Myrna Redfield Director 1.00 0.00 X 0 0 0 Paul Bradford Director 1.00 0.00 X 0 0 0 Tony Copeland Vice Chair & Director 1.00 0.00 X X 0 0 0 Janet Norton Secretary 1.00 40.00 X 0 1211941 40610 Michelle Hayden Asst Treasurer 1.00 40.00 X 0 279763 12133 Richard F Carrico Treasurer 1.00 40.00 X 0 1615014 51104 Christopher M Roty Former Pres & Dir (Through 12/6/21) 0.00 40.00 X 0 949823 48056 0 4738368 190795 0 1 1 0 0 228610 594022 822632 112326 112326 128236 0 128236 128236 128236 1063194 0 0 240562 X 2713818 2713818 125665 31416 62833 31416 21773 5443 10886 5444 8784 2196 4392 2196 7388 7388 8340 4958 3382 8931 1123 5679 2129 8252 203 7846 203 Stewardship & Cultivati 47212 9713 37499 Administrative Expenses 2901 2901 Dues & Subscriptions 849 212 637 2953913 2754411 117233 82269 149603 149298 453745 454569 540500 713363 6104845 6494598 5881896 5410362 4793933 3835210 17924522 17057400 6948 9727 6948 9727 X 4858729 4969147 13058845 12078526 17917574 17047673 17924522 17057400 X -1890719 1010200 10618 X 0 1 X 1 0 X X X 1 Baptist Healthcare System Inc 610444707 3 1 2713818 0 1 2713818 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 8957118 348188 278739 2216461 7367584 12087676 710371 331022 4171951 8957118 10840618 5596231 288993 4638166 12087676 7312694 3600000 260499 332575 10840618 6455745 921589 147487 212127 7312694 1.00000 0 0 0 13758 F Commingled Funds-Debt 1187862 F Commingled Funds-US Equity 1629121 F Commingled Funds-Intl Equity 921281 F Private Equity & REIT 1658340 F 5410362 Other Assets 3835210 3835210 Due to Affiliate 9727 9727 X Part V, Line 4: The endowment funds of the Foundation are granted to Baptist Health Paducah Hospital as needed to support and enhance patient care through operations support, patient and employee assistance and through support for capital projects and growth. Part X, Line 2: From the Baptist Healthcare System, Inc. consolidated financial statements that include this filing organization: Baptist Healthcare System, Inc. evaluates its uncertain tax positions on an annual basis. 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. 1 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 501(c)(3) 2713818 0 Capital support and equipment purchases for Baptist Health Paducah Hospital. 1 0 Part I, Line 2: Procedures for monitoring the use of grants: Baptist Health Foundation Paducah 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 Paducah Hospital, the Foundation grants funds to the hospital as needed for capital projects, operations support, patient and employee assistance and growth. 1 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 Christopher M Roty Former Pres & Dir (Through 12/6/21) 0 641246 0 291484 0 17093 0 13800 0 34256 0 997879 0 0 Kenny Boyd President & Director 0 468772 0 210413 0 2642 0 13800 0 25092 0 720719 0 0 Michelle Hayden Asst Treasurer 0 241591 0 33356 0 4816 0 9634 0 2499 0 291896 0 0 Part I, Line 3 Baptist Healthcare System, Inc., a related organization of Baptist Health Foundation Paducah, 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 1 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 Part V, Line 2B All employment tax returns are filed by Baptist Healthcare System, Inc., 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 appoints all directors. 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. 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 Annually the Secretary of Baptist Healthcare System, Inc. sends out a Conflict of Interest questionnaire to each of the officers and directors serving on the Board of Baptist Health Foundation Paducah. After completion, they are returned to the secretary and reviewed by the Board or the Governance Effectiveness Committee for any potential conflicts. 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 to: 1) make objective decisions on behalf of Baptist Health Foundation Paducah and/or 2) act in the best interests of Baptist Health Foundation Paducah in a manner consistent with the tax-exempt purposes of Baptist Health Foundation Paducah. 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. Form 990, Part VI, Section B, line 15 The President of Baptist Health Foundation Paducah, 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 in December, the Baptist Healthcare System, Inc. Compensation committee reviews the compensation, including base compensation and incentive compensation for all officers. 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 Paducah 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 that are reported on Form 990, Part VII, Compensation of Officers, Directors, Key Employees, Highest Compensated Employees and Independent Contractors represent aggregate hours worked per week for all entities. Form 990, Part IX, Salaries and Payroll Taxes The salaries reported are from a common paymaster and are an allocation from Baptist Healthcare System, Inc. (EIN 61-0444707), the sole member of Baptist Health Foundation Paducah. Form 990, Part XI, line 9: Other 10,618. 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