Hospital Development Foundation INC

Tax-deductible

Mountain Home, AR501(c)(3)EIN 58-1805265Revenue $3.9M in FY2024

On file with the IRSbaxterregional.org/foundation624 Hospital Dr, 72653-2955 · Mountain Home, ARTax-exempt since Oct 1988Supporting organization — 509(a)(3)

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Baxter regional Hospital foundation's mission is raising money to keep the community healthy. The fund- raising efforts of the Foundation provide support for brmc.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 23 volunteers and 2,196 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $417K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $42K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$668K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 21 voting members
Looks good: 18 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+26% vs prior year
Spent
$3.3M
To programs
85%
Net assets
$21.8M
By yearFY2020–FY2024
Revenue
$3.9M
FY2024▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$3.7M
FY2022$3.1M
FY2023$3.1M
FY2024$3.9M
Expenses
$3.3M
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$2.4M
FY2022$3.7M
FY2023$3.1M
FY2024$3.3M
Net assets
$21.8M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.9M
FY2021$20.2M
FY2022$18.4M
FY2023$19.6M
FY2024$21.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.8M Management & general 5% · $167K Fundraising 10% · $326K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Vice Chairman
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Hospital Development Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises money to support community health and the local hospital.

Questions for Hospital Development Foundation INC

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Provided by the organization

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2 programs · $2.8M · in their own filed words · FY2024
01

Through their fundraising efforts, baxter health foundation provides financial support to baxter health (hospital). The hospital provides health care services regardless of a person's ability to pay. This leaves the hospital absorbing more than $10 million in unpaid medical bills each year.

$2.5Mprogram expense
02

The foundation maintains several scholarships, including the anderson downes, baker, kerr, and caroline austino scholarships. These scholarships provide financial assistance to individuals entering the health care profession.

$338Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$42K
See all 4 funders →
Grants paid · 50 grants · $11.0M · 2020–2024
Unitemized GrantFY2024$200,811
Unitemized GrantFY2024$39,000
Unitemized GrantFY2024$32,216
Unitemized GrantFY2024$30,597
Unitemized GrantFY2024$18,000
Hospice of the Ozarks INCAR · FY2024$10,673
Unitemized GrantFY2024$6,660
Unitemized GrantFY2024$5,278
Unitemized GrantFY2024$3,086
Unitemized GrantFY2024$1,500
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$386,625
Unitemized GrantFY2023$108,000
Unitemized GrantFY2023$35,678
Unitemized GrantFY2023$26,761
Unitemized GrantFY2023$21,500
See all 50 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$956K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.8M
Managementcol C$167K
Fundraisingcol D$326K
Owns and owesPt X
$21.8M
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$22.5M
LiabilitiesLn 26$668K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$160K
Noncash giftsLn 1g$28K
Investment incomeLn 3$956K
Gains on assetsLn 7$516K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$357K
Cash and savings togetherLn 1–2$364K
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$100K
Other assetsLn 15$18.0M
Total assetsLn 16$22.5M
LiabilitiesLn 26$668K
Net assetsLn 32$21.8M
OperationsPt I, VI
EmployeesI 52,196
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$364K
InvestmentsLn 11–13$2.0M$3.5M
Land, buildings, equipmentLn 10c$120K$100K
Total assetsLn 16$20.5M$22.5M
LiabilitiesLn 26$864K$668K
Net assetsLn 32$19.6M$21.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.3M$2.3M
Grants to domestic individualsLn 2$338K$338K
Benefits paid to or for membersLn 4$0$0
Other salaries and wagesLn 7$349K$87K$70K$192K
Pension plan contributionsLn 8$11K$3K$2K$6K
Other employee benefitsLn 9$63K$16K$13K$35K
Payroll taxesLn 10$26K$7K$5K$14K
Management feesLn 11a$2K$2K
Legal feesLn 11b$483$483
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$86K$8K$79K
Office expensesLn 13$11K$11K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$6K$6K
InterestLn 20$46K$46K
Other expenses (24a–d)Ln 24$31K$31K
All other expensesLn 24e$3K$0$3K$0
Total functional expensesLn 25$3.3M$2.8M$167K$326K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.9M$3.3M$584K$21.8M 990 PDF
FY2023 $3.1M$3.1M−$8K$19.6M 990 PDF
FY2022 $3.1M$3.7M−$559K$18.4M 990 PDF
FY2021 $3.7M$2.4M$1.4M$20.2M 990 PDF
FY2020 $2.3M$1.6M$704K$17.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,919,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,515,202$2,963,277
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $606,657$956,441
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,121,859$3,919,718
I-13 Grants and similar amounts paidPrior year $2,455,546$2,685,179
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $423,619$448,915
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $251,011$201,182
I-18 Total expensesPrior year $3,130,176$3,335,276
I-19 Revenue less expensesPrior year −$8,317$584,442
Part VI · Governance 18 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members18
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,919,718 across 8 lines filed
VIII-1d Related organizations$456,152
VIII-1e Government grants$160,185
VIII-1f All other contributions, gifts and grants$2,346,940
VIII-1g Noncash contributions (included above)$27,510
VIII-1h Total contributions, gifts and grants$2,963,277
VIII-3 Investment incomeExcluded from tax $440,478$440,478
VIII-7 Net gain or loss on sales of assetsExcluded from tax $515,963$515,963
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $956,441$3,919,718
Part IX · Statement of functional expenses $3,335,276 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,347,031$2,347,031
IX-2 Grants to domestic individualsPrograms $338,148$338,148
IX-4 Benefits paid to or for membersPrograms $0$0
IX-7 Other salaries and wagesPrograms $87,151 · Management $69,720 · Fundraising $191,731$348,602
IX-8 Pension plan contributionsPrograms $2,660 · Management $2,128 · Fundraising $5,854$10,642
IX-9 Other employee benefitsPrograms $15,844 · Management $12,676 · Fundraising $34,858$63,378
IX-10 Payroll taxesPrograms $6,573 · Management $5,259 · Fundraising $14,461$26,293
IX-11a Management feesManagement $1,940$1,940
IX-11b Legal feesManagement $483$483
IX-11c Accounting feesManagement $4,610$4,610
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionManagement $7,820 · Fundraising $78,631$86,451
IX-13 Office expensesManagement $11,228$11,228
IX-17 TravelManagement $10,715$10,715
IX-19 Conferences, conventions and meetingsManagement $6,397$6,397
IX-20 InterestPrograms $45,640$45,640
IX-24 Other expenses (24a–d)Management $30,917$30,917
IX-24e All other expensesPrograms $0 · Management $2,801 · Fundraising $0$2,801
IX-25 Total functional expensesPrograms $2,843,047 · Management $166,694 · Fundraising $325,535$3,335,276
Part X · Balance sheet $22,469,054 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $791,582$6,791
X-2 Savings and temporary cash investmentsStart of year $585,968$357,460
X-3 Pledges and grants receivableStart of year $433,973$514,966
X-10c Land, buildings and equipment, netStart of year $120,000$100,000
X-11 Publicly traded securitiesStart of year $1,976,881$3,481,881
X-15 Other assetsStart of year $16,592,177$18,007,956
X-16 Total assetsStart of year $20,500,581$22,469,054
X-17 Accounts payable and accrued expensesStart of year $666,640$609,211
X-25 Other liabilitiesStart of year $197,103$59,184
X-26 Total liabilitiesStart of year $863,743$668,395
X-27 Net assets without donor restrictionsStart of year $5,271,507$5,264,635
X-28 Net assets with donor restrictionsStart of year $14,365,331$16,536,024
X-32 Total net assets or fund balancesStart of year $19,636,838$21,800,659
X-33 Total liabilities and net assetsStart of year $20,500,581$22,469,054
Part XI · Reconciliation of net assets $21,800,659 net assets at year end
XI-1 Total revenue$3,919,718
XI-2 Total expenses$3,335,276
XI-3 Revenue less expenses$584,442
XI-4 Net assets at start of year$19,636,838
XI-5 Net unrealized gains (losses) on investments$1,579,379
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,800,659

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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