2026-07-15T20:53:55-05:00 2025-08-31 990 2024-09-01 922389529 Baptist Health Foundation Floyd 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 Michael Schroyer 1850 State Street New Albany IN 47150 602104 0 X www.supportbaptisthealth.org X 2023 IN To assist, advance and strengthen Baptist Health Floyd hospital. 12 11 2 15 0 0 484651 588426 0 0 447 13678 0 0 485098 602104 10901 107555 0 0 138769 126704 0 0 61439 36126 50349 185796 284608 299302 317496 309103 668159 908 553 308195 667606 X The mission of Baptist Health Foundation Floyd is to assist, advance, strengthen and support its sole member, Baptist Healthcare System, Inc. in their mission and ministry of continuing our Christian heritage of service by enhancing the health of the people and communities we serve. Baptist Health Foundation Floyd will encourage, solicit and receive donations, bequests, gifts and benefactions made to or for the benefit of Baptist Health Floyd hospital, an unincorporated operating division of Baptist Healthcare System, Inc. (BHS). BHS 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 142329 107555 The primary purpose of Baptist Health Foundation Floyd is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Floyd, 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 Floyd 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 Floyd are used to support patient care and the capital needs of Baptist Health Floyd hospital. 142329 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 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 12 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 IN X Richard F Carrico 5028965000 1901 Campus Place Louisville KY 40299 X Ann Carruthers Director 1.00 0.00 X 0 0 0 Anthony Waterson Chair (through 12/31/24) & Director 1.00 0.00 X X 0 0 0 Cedric Knight Vice Chair (1/1/25) & Director 1.00 0.00 X X 0 0 0 Dan Williamson Director (Effective 1/1/25) 1.00 0.00 X 0 0 0 Daniel Wickens Director 1.00 0.00 X 0 0 0 David Barker Director 1.00 0.00 X 0 0 0 John Cassis Director 1.00 0.00 X 0 0 0 Kyle Douglas Lanoue Director 1.00 0.00 X 0 0 0 Michael Schroyer President & Director 1.00 40.00 X X 0 695730 40865 Nicole Dudley Chair (1/1/25) & Director 1.00 0.00 X X 0 0 0 Tony Pelaski Director (Effective 1/1/25) 1.00 0.00 X 0 0 0 Tyiana Thompson Director (Effective 1/1/25) 1.00 0.00 X 0 0 0 Janet M Norton Secretary 1.00 40.00 X 0 1211941 40610 Jon Chastain Asst Treasurer 1.00 40.00 X 0 264066 10896 Richard F Carrico Treasurer 1.00 40.00 X 0 1615014 51104 0 3786751 143475 0 0 1 0 0 163722 424704 588426 6499 6499 7179 0 7179 7179 7179 602104 0 0 13678 107555 107555 103968 25992 51984 25992 14913 3728 7457 3728 7823 1956 3911 1956 260 260 21442 2144 3216 16082 9538 954 7535 1049 2704 2050 654 Stewardship & Cultivati 15971 3993 11978 Administrative Exp 434 434 284608 142329 80840 61439 44958 5808 75707 84151 90000 50000 30642 262928 30053 222764 37743 42508 309103 668159 908 553 908 553 X 55818 312006 252377 355600 308195 667606 309103 668159 X 317496 40196 1719 X 0 1 X 1 0 X X X 1 Baptist Healthcare System Inc 610444707 3 1 107555 0 1 107555 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part IV, Section B, Line 1 The power to appoint and/or remove directors or trustees rests solely with Baptist Healthcare System, Inc., the sole member of Baptist Health Foundation Floyd, Inc. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 565 F Commingled Funds-Debt 48909 F Commingled Funds-US Equity 67077 F Commingled Funds-Intl Equity 37933 F Private Equity & REIT 68280 F 222764 Other Asset 42508 42508 Due to Affiliate 553 553 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 the 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. The tax years open for this filing entity are 2022 and 2023. 0 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 501(c)(3) 107555 0 Cost Capital projects, patient and employee assistance. 1 0 Part I, Line 2 Procedures For Monitoring the Use of Grants: Baptist Health Foundation Floyd, Inc. provides only direct contributions and other general support; therefore, no monitoring of charitable donations is performed. In keeping with the Foundation's mission to support the efforts of Baptist Health Floyd hospital, the Foundation grants funds to the hospital as needed for capital projects, operations support, patient and employee assistance and growth. 0 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 M Norton Secretary 0 663360 0 425349 0 123232 0 13800 0 26810 0 1252551 0 0 Michael Schroyer President & Director 0 475424 0 205808 0 14498 0 13800 0 27065 0 736595 0 0 Jon Chastain Asst Treasurer 0 234450 0 27032 0 2584 0 9378 0 1518 0 274962 0 0 Part I, Line 3 Baptist Healthcare System, Inc., a related organization of Baptist Health Foundation Floyd, 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 of Directors or the Compensation Committee. Part I, 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 Form 990, Part V Line 2b The employment tax returns for the employees reported on line 2b 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 Health Foundation Floyd, Inc. Form 990, Part VI, Section A, line 7a Baptist Healthcare System, Inc., the sole member, has the authority to appoint board members for Baptist Health Foundation Floyd, Inc. Form 990, Part VI, Section A, line 7b 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 Floyd. 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 Floyd and/or 2) act in the best interests of Baptist Health Foundation Floyd in a manner consistent with the tax-exempt purposes of Baptist Health Foundation Floyd. 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 Floyd, 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 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 Baptist Health Foundation Floyd, Inc. are not employees of Baptist Health Foundation Floyd, Inc. nor are they compensated by Baptist Health Foundation Floyd, Inc. Form 990, Part VI, Section C, line 19 Baptist Health Foundation Floyd, Inc. will provide any documents open to public inspection upon request. Form 990, Part VII Officers of Baptist Health Foundation Floyd, 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 and directors 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. Form 990, Part XI, line 9: Other Changes 1,719. Baptist Health Foundation Corbin Inc 1901 Campus Place Louisville KY 40299 473033550 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Greater Louisville Inc 1901 Campus Place Louisville KY 40299 200292291 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Lexington Inc 1901 Campus Place Louisville KY 40299 611480774 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Oldham Inc 1901 Campus Place Louisville KY 40299 332666565 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Paducah Inc 1901 Campus Place Louisville KY 40299 264057759 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Health Foundation Richmond Inc 1901 Campus Place Louisville KY 40299 311506378 Fundraising KY 501(c)(3) Line 12a, I 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 Foundation Inc 1901 Campus Place Louisville KY 40299 311122867 Fundraising KY 501(c)(3) Line 12a, I BHS 1 Baptist Healthcare System Inc 1901 Campus Place Louisville KY 40299 610444707 Hospitals KY 501(c)(3) Line 3 N/A 0 Mercy Regional Emergency Medical Systems 126 Lone Oak Road Paducah KY 42001 611310466 Ambulance Service KY 501(c)(3) Line 12a, I BHS 1 Pattie A Clay Hospital Auxiliary PO Box 1600 Richmond KY 40476 510172717 Hospital Support KY 501(c)(3) Line 12a, I 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 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 Cumberland Valley Surgical Center LLC Post Office Box 1620 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 107555 Cash Baptist Healthcare System Inc C 163722 Cash