Winter Haven Hospital Foundation Inc
- Assets
- $21.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Haven, FL
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 03-0406130
Organization Overview
Winter Haven Hospital Foundation Inc is located in Winter Haven, FL. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winter Haven Hospital Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Winter Haven Hospital Foundation Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WINTER HAVEN HOSPITAL FOUNDATION IS TO PROVIDE AN EFFECTIVE CHANNEL FOR INDIVIDUALS AND ORGANIZATIONS THAT WISH TO SUPPORT WINTER HAVEN HOSPITAL IN ITS MISSION TO IMPROVE THE HEALTH OF THE COMMUNITY BY PROVIDING HIGH-QUALITY COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTER HAVEN HOSPITAL FOUNDATION, INC. (THE "FOUNDATION"), IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION WHOSE PRIMARY PURPOSE IS TO RAISE PHILANTHROPIC FUNDS TO SUPPORT WINTER HAVEN HOSPITAL, INC.'S (THE "HOSPITAL") HEALTHCARE MISSION. CURRENTLY, THE FOUNDATION IS ADMINISTERING MAJOR GIFTS PROGRAM DESIGNED TO ACQUIRE FUNDING FOR A NUMBER OF INTIATIVES FOR THE HOSPITAL INCLUDING: SUPPORT FOR VARIOUS HOSPITAL DEPARTMENTS, SUCH AS THE FSU FAMILY MEDICINE RESIDENCY PROGRAM, THE COLLEGE OF PSYCHOLOGY INTERNSHIP PROGRAM WITH THE FL INSTITUTE OF TECHNOLOGY, THE THE BOSTICK HEART CENTER, WINTER HAVEN WOMEN'S HOSPITAL, AS WELL AS SUPPORT FOR HOSPITAL EMPLOYEES AFTER A DEVASTATING LIFE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel L Thomas President/ceo | Officer | 40 | $181,329 |
David Johnson Sec./treasurer | OfficerTrustee | 2 | $0 |
Lance Anastasio Chairman | OfficerTrustee | 2 | $0 |
Brent Parrish 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Nathan P Falk MD 1st Vice Chair | OfficerTrustee | 2 | $0 |
Dr David Evans Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $378,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,956 |
| Total Program Service Revenue | $0 |
| Investment income | $77,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $855,161 |
| Net Income from Fundraising Events | $180,794 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,663,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $722,816 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,329 |
| Compensation of current officers, directors, key employees. | $54,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,796 |
| Pension plan accruals and contributions | $18,315 |
| Other employee benefits | $44,866 |
| Payroll taxes | $24,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,691 |
| Fees for services: Other | $63,316 |
| Advertising and promotion | $2,432 |
| Office expenses | $16,839 |
| Information technology | $18,178 |
| Royalties | $0 |
| Occupancy | $29,761 |
| Travel | $1,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,112 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,520,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,203,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,173 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $250 |
| Net Land, buildings, and equipment | $4,882,251 |
| Investments—publicly traded securities | $15,291,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $299,826 |
| Total assets | $21,681,169 |
| Accounts payable and accrued expenses | $19,465 |
| Grants payable | $2,121,182 |
| Deferred revenue | $18,131 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,462 |
| Total liabilities | $2,260,240 |
| Net assets without donor restrictions | $12,918,994 |
| Net assets with donor restrictions | $6,501,935 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,681,169 |
Grants Awarded
Over the last fiscal year, Winter Haven Hospital Foundation Inc has awarded $641,153 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Winter Haven, FL PURPOSE: SUPPORT OF OTHER PROGRAMS OF THE HOSPITAL INCLUDING: FAMILY MEDICINE RESIDENCY, SWEET CENTER DIGITAL SIGN, MOBILE MEDICAL CLINIC, FIT PSYD TRAINING PROGRAM, COVID FUND AND OTHERS. | $315,489 |
Melbourne, FL PURPOSE: TO ESTABLISH AND MAINTAIN THE INTERNSHIP THROUGH THE COLLEGE OF PSYCHOLOGY PROGRAM AT THE WINTER HAVEN HOSPITAL. | $130,000 |
Winter Haven, FL PURPOSE: ADMINISTRATIVE FEE PAID TO FSU ON BEHALF OF THE HOSPITAL FOR ESTABLISHING AND MAINTAINING THE ACGME PROGRAM | $125,000 |
Winter Haven, FL PURPOSE: TO PROVIDE SUPPORT AND ASSISTANCE TO THE HOSPITALS NICU | $63,327 |
Winter Haven, FL PURPOSE: TO PROVIDE ASSISTANCE TO THE CENTER FOR BEHAVIORAL HEALTH | $7,337 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Winter Haven Hospital Foundation Inc has recieved totaling $25,750.
| Awarding Organization | Amount |
|---|---|
Winter Haven Hospital Inc Winter Haven, FL PURPOSE: Winter Haven Hospital Foundation Gala | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
John Oster Family Foundation Inc Milwaukee, WI PURPOSE: MAINTENANCE OF HEALTH | $2,500 |
Lillian E Bunker Private Foundation Winter Haven, FL PURPOSE: BENEFIT PATIENT CARE PROGRAMS | $2,000 |
The Jahna Foundation Inc Lake Wales, FL PURPOSE: DONATION | $1,250 |
Endowment Analysis
| Beg. Balance | $2,129,672 |
| Earnings | $277,510 |
| Ending Balance | $2,407,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |
Ufcw & Employers Health & Welfare T Rust Fund Pembroke Pines, FL | $22,540,829 | $18,806,803 |
Lakeland Regional Medical Center Foundation Inc Lakeland, FL | $42,454,148 | $10,633,675 |
Alabama Childrens Hospital Foundation Birmingham, AL | $1,336,728,368 | $67,689,862 |
Plumbers & Pipefitters Local 421 Health & Welfare Fund Pembroke Pines, FL | $21,305,656 | $12,681,000 |