BAPTIST HEALTH FOUNDATION GREATER LOUISVILLE INC Charity Report

Public IRS 990 nonprofit record

BAPTIST HEALTH FOUNDATION GREATER LOUISVILLE INC

EIN 20-0292291 · Single Organization Support (E11)

What they do

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 Healths 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

124.46%of revenue went to mission work89.2% of expenses · Program services

8.83%of revenue went to fundraising6.3% of expenses

$139.52spent for every $100 of revenueSpending was higher than revenue this year.

6.24%of revenue went to management and office costs4.5% of expenses

$3.36in assets for every $1 spent this yearSome assets cannot be spent right away.

93.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,761,623 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $51,104 for RICHARD F CARRICO (TREASURER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,457,120

Mission workProgram services$5,547,352124.46% of revenue89.2% of expenses

ManagementOffice and general costs$278,0276.24% of revenue4.5% of expenses

FundraisingAsking for donations$393,3648.83% of revenue6.3% of expenses

Total expenses$6,218,743139.52% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.2% mission · 4.5% management · 6.3% fundraisingTotal expenses: 139.52% of revenue

2023Expense mix: 79.7% mission · 8.8% management · 11.5% fundraisingTotal expenses: 80.68% of revenue

2022Expense mix: 74.0% mission · 13.4% management · 12.6% fundraisingTotal expenses: 51.05% of revenue

2021Expense mix: 48.0% mission · 26.3% management · 25.7% fundraisingTotal expenses: 24.68% of revenue

2020Expense mix: 41.9% mission · 29.6% management · 28.5% fundraisingTotal expenses: 30.58% of revenue

2019Expense mix: 46.5% mission · 27.8% management · 25.7% fundraisingTotal expenses: 51.66% of revenue

2018Expense mix: 36.5% mission · 34.1% management · 29.5% fundraisingTotal expenses: 26.53% of revenue

2017Expense mix: 40.1% mission · 32.4% management · 27.5% fundraisingTotal expenses: 30.01% of revenue

Money in and money out

Revenue$4,457,120

Expenses$6,218,743

Annual shortfall $1,761,623 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,547,352 · 89.2% of expenses

Management and office costs$278,027 · 4.5% of expenses

Fundraising$393,364 · 6.3% of expenses

See all reported dollar amounts

Revenue$4,457,120

Expenses$6,218,743

Assets$20,903,262

Income$4,545,586

Contributions$4,156,355

Mission work (program services)$5,547,352

Fundraising$393,364

Grants given$12,121,903

Average grant$1,515,238

Management and general$278,027

Stocks and bonds$7,993,885

Investing fees$7,488

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD F CARRICOTREASURER · 1 hrs/week $51,104Base · Other $51,104

CLINT KAHOVP & DIRECTOR (THROUGH 7/1/25) · 1 hrs/week $47,238Base · Other $47,238

JONATHAN VELEZ MDPRESIDENT & DIRECTOR · 1 hrs/week $41,763Base · Other $41,763

JANET NORTONSECRETARY · 1 hrs/week $40,610Base · Other $40,610

JUSTIN LEIGHTYASST. SECR (THROUGH 2/14/24) $39,698Base · Other $39,698

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

RICHARD F CARRICOTREASURER

CLINT KAHOVP & DIRECTOR (THROUGH 7/1/25)

JONATHAN VELEZ MDPRESIDENT & DIRECTOR

JANET NORTONSECRETARY

JUSTIN LEIGHTYASST. SECR (THROUGH 2/14/24)

RAMSEY NASSAR MDDIRECTOR

KELLIE WATSONDIRECTOR (EFFECTIVE 7/1/25)

KIMBERLY BUNTONDIRECTOR

LARRY GRAYPRES & DIR (THROUGH 8/31/23)

MAGGIE KEITHDIRECTOR (THROUGH 12/31/24)

MARY BROECKERDIRECTOR (THROUGH 7/1/25)

NANCY LAIRDDIRECTOR (EFFECTIVE 1/1/25)

JOHN DADDSDIRECTOR

RICK ROBEYDIRECTOR

ROBERT L HOOK JRDIRECTOR

STEPHEN GIBSONDIRECTOR (THROUGH 7/1/25)

SUSAN STOUT TAMMEDIRECTOR

WILLIAM SUMMERSDIRECTOR

WILLIAM ROBY JRDIRECTOR

AGNES HOUSEALDIRECTOR (THROUGH 12/31/24)

JOHN CROCKETTDIRECTOR (THROUGH 12/31/24)

JERRY SIMMSDIRECTOR

JERRY HALLDIRECTOR (1/1/25 THROUGH 7/1/25)

JERRY GREENWELLDIRECTOR (THROUGH 7/1/25)

GUTHRIE ZARINGDIRECTOR

EDITH WELLSDIRECTOR

DEBORAH REISSDIRECTOR

DANNY MCMAHANDIRECTOR

CHRIS OBRYANDIRECTOR

CHRIS MORRISDIRECTOR

CARL THOMASDIRECTOR (EFFECTIVE 7/1/25)

BOB STOPHERDIRECTOR (EFFECTIVE 7/1/25)

ANDY POWELLCHAIR & DIRECTOR

ANDREW PELLINOVICE CHAIR & DIRECTOR

About this charity

Recognized since: January 2004
Location: 1901 CAMPUS PL, LOUISVILLE, KY 40299-2308
County: Jefferson
In care of: % JAMES MORRIS
Primary officer: Richard F Carrico, Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(502) 896-7495 Officer phone(502) 896-5000

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
NTEE classification: Single Organization Support (E11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes