Usf Health Professions Conferencing Corporation
- Assets
- $17.8m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Tampa, FL
- Founding
- 02/2007
- Data as of
- 06/2022
- EIN
- 16-1765073
Organization Overview
Usf Health Professions Conferencing Corporation is located in Tampa, FL. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Usf Health Professions Conferencing Corporation employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usf Health Professions Conferencing Corporation 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 06/2022, Usf Health Professions Conferencing Corporation generated $17.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $16.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HEALTH CARE STUDENTS AND PROFESSIONALS WITH SIMULATION TRAINING AND EDUCATION.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES STUDENTS AND HEALTHCARE PROFESSIONALS (PHYSICIANS, NURSES, PHYSICAL THERAPISTS, SOCIAL WORKERS, PSYCHOLOGISTS, MENTAL HEALTH PROFESSIONALS, AND PHARMACISTS) WITH HIGH QUALITY, AFFORDABLE EDUCATIONAL EXPERIENCES THAT RESPOND TO THEIR EDUCATIONAL AND PROFESSIONAL NEEDS AND INTERESTS TO MAINTAIN AND ENHANCE THE KNOWLEDGE, CLINICAL SKILLS, AND PRACTICE BEHAVIORS REQUIRED FOR EXCELLENCE IN PATIENT CARE. DURING THE YEAR ENDED JUNE 30, 2022, THE ORGANIZATION PROVIDED CONTINUING PROFESSIONAL DEVELOPMENT TO 60,945 PARTICIPANTS.(CONTINUED ON SCHEDULE O)HPCC'S PROGRAMMING WAS SEVERELY IMPACTED DUE TO THE GLOBAL COVID-19 CRISIS AND THE ONGOING VARIANTS CONTINUE TO SLOW THE MOVEMENT OF PARTICIPANTS TO LIVE EVENTS AND SUPPLY CHAIN DELIVERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sobieray Secretary/treasurer | Officer | 1 | $0 |
Yasuharu Okuda CEO (11/1/21-6/30/22) | Officer | 40 | $0 |
Carole Wallace Post Interim CEO (7/1/21-10/31/21) | Officer | 5 | $0 |
Gregory Vannette Cfo/controller | Officer | 40 | $0 |
Charles J Lockwood MD Mhcm Director | Trustee | 1 | $0 |
Moez Limayem PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ally Facility Solutions Inc Dba City Wid Housekeeping | 6/29/22 | $123,020 |
Lsq Funding Group Llc Guard Services | 6/29/22 | $115,164 |
Education Management Solutions Llc Maintenance And Support | 6/29/22 | $127,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $884,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,323,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,207,285 |
| Total Program Service Revenue | $7,360,214 |
| Investment income | $17,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $194,451 |
| Net Gain/Loss on Asset Sales | $6,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,025,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $632,250 |
| Compensation of current officers, directors, key employees. | $632,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,290,324 |
| Pension plan accruals and contributions | $187,586 |
| Other employee benefits | $536,135 |
| Payroll taxes | $182,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,972 |
| Fees for services: Accounting | $62,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,500 |
| Advertising and promotion | $42,324 |
| Office expenses | $268,939 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,197,953 |
| Travel | $25,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,433,151 |
| Interest | $288,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $938,286 |
| Insurance | $55,482 |
| All other expenses | $0 |
| Total functional expenses | $16,522,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,640,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,322,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,280 |
| Prepaid expenses and deferred charges | $126,767 |
| Net Land, buildings, and equipment | $14,617,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $98,816 |
| Other assets | $6,650 |
| Total assets | $17,834,474 |
| Accounts payable and accrued expenses | $1,842,727 |
| Grants payable | $0 |
| Deferred revenue | $1,543,293 |
| 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 | $11,466,465 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,852,485 |
| Net assets without donor restrictions | $2,981,989 |
| Net assets with donor restrictions | $0 |
| 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 | $17,834,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usf Health Professions Conferencing Corporation has recieved totaling $262,002.
| Awarding Organization | Amount |
|---|---|
Florida Tourism Industry Marketing Corporation Inc Tallahassee, FL PURPOSE: Tourism Support | $217,002 |
University Community Hospital Inc Tampa, FL PURPOSE: General Support | $45,000 |
Endowment Analysis
| Beg. Balance | $449,105 |
| Net Contributions | $15,186 |
| Other Expense | $345,554 |
| Ending Balance | $118,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
Seminole County Coalition For School Readiness Inc Longwood, FL | $3,997,009 | $35,020,709 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Florida Atlantic University Foundation Inc Boca Raton, FL | $393,420,422 | $44,215,838 |
St Petersburg College Foundation Inc Saint Petersburg, FL | $84,259,588 | $9,116,029 |
Florida Gulf Coast University Foundation Inc Fort Myers, FL | $164,718,359 | $25,895,312 |