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Lafollette Medical Foundation INC EIN 20-4901729

Lafollette Medical Foundation INC

EIN  20-4901729 Private foundation / grantmaker Jacksboro, TN
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Size
$100K–1M
What they do
A private foundation based in Jacksboro, TN. It reported about $555K in revenue for 2024.
Leadership
Stacey Wood-Heatherly · President
Money in and out
$555K revenue, $653K expenses
Bottom line
—

A private foundation based in Jacksboro, TN. It reported about $555K in revenue for 2024. For fiscal year 2024 it reported $555K in revenue, $653K in expenses, and $9.9M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$653K
Pt IX · Ln 25
Net assets
$9.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$98K
Total assets
9.9M
deployed as grants and operations
Grants paid
526K
in FY2024
Grants made
16grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $563K · 2024–2024
City of Lafollette Fire DepartmentFY2024$71,476
Campbell County Senior CitizensFY2024$69,977
Lafollette Police DepartmentFY2024$56,700
Open Arms Ministry Food PantryFY2024$50,000
Springs of Life Recovery CenterFY2024$45,000
Campbell County Children's CenterFY2024$40,076
Campbell County Board of EducationFY2024$40,000
Hol Health CounselingTN · FY2024$36,500
Campbell County Rural Fire ServiceFY2024$36,450
Bridges to RecoveryFY2024$33,000
Casa of Campbell County INCTN · FY2024$25,600
Catholic Charities of East Tennessee INCTN · FY2024$23,000
East Tennessee Human Resources AgencyFY2024$15,000
Campbell County Health CouncilTN · FY2024$10,000
Food Life Services of Cambell CoFY2024$5,000
Community Health of East TennesseeTN · FY2024$5,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$35K
Median grantPart XV$36K
Largest grantPart XV$71K
Top cause focusNTEECrime & Legal (6%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$555K
FY2024▲ +8%
Expenses
$653K
FY2024▼ -1%
Total assets
$9.9M
FY2024▲ +3%
Total liabilities
$557
FY2024
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$653K
Pt IX · Ln 25
Net assets
$9.9M
Pt X · Ln 32
Total assetsPt II$9.9M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLafollette Medical Foundation INC
EINHdr · item D20-4901729
Principal addressHdr · item CJacksboro, TN
WebsiteHdr · item Jwww.lafollettemedicalfoundation.org
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFApr 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wayne Kitts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income100%$555K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.81 Operating & administrative $0.19
Grants & contributions paid81%$526K
Operating & administrative19%$127K
Total functional expensesLn 25$653K

Balance Sheet

Part X · end of year
CashLn 1$373K
Total assetsLn 16$9.9M
Total liabilitiesLn 26$557
Total net assetsLn 32$9.9M
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $9.9M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $555K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $555K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $512K
+8%
Revenue CAGR
FY2020 $549K · FY2024 $555K
0%
Net-asset trend (YoY)
End of year $9.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $653K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $9.9M
—
Net-asset ratio
Net assets $9.9M · Total assets $9.9M
100%
People & payroll
Highest Reported Total Compensation
Individual Stacey Wood-Heatherly · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $653K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$555K revenue · viewing · ⤓ 990 PDF
FY2023$512K revenue · ⤓ 990 PDF
FY2022$274K revenue · ⤓ 990 PDF
FY2021$940K revenue · ⤓ 990 PDF
FY2020$549K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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