Sanford
- Assets
- $328.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 31,855
- Location
- Sioux Falls, SD
- Founding
- 04/2011
- Data as of
- 12/2019
- EIN
- 27-1218956
Organization Overview
Sanford is located in Sioux Falls, SD. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2019, Sanford employed 31,855 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 12/2019, Sanford generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $49.7m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
"DEDICATED TO SHARING GOD'S LOVE THROUGH THE WORK OF HEALTH, HEALING AND COMFORT."
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANFORD IS A NON-PROFIT ORGANIZATION DEVELOPED TO PROMOTE THE HEALTH AND WELL-BEING OF PERSONS IN ITS SERVICE AREA THROUGH PLANNING AND ESTABLISHMENT OF POLICY FOR COORDINATION AND OVERSIGHT OF SANFORD'S CONTROLLED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanford Group Return See Schedule O | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boies Schiller & Flexner Llp Legal Services | 12/30/19 | $1,968,830 |
May 11 1991 Inc Dave Matthews Band Private Concert | 12/30/19 | $1,500,000 |
Deloitte & Touche Llp Audit Fees And Consulting | 12/30/19 | $2,094,222 |
Mintz Levin Cohn Ferris Legal Services | 12/30/19 | $1,371,453 |
Deloitte Consulting Llp Consulting | 12/30/19 | $2,129,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,187,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $873,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,061,439 |
| 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. | $21,174,941 |
| Compensation of current officers, directors, key employees. | $21,174,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $270,136 |
| Other employee benefits | $4,477,344 |
| Payroll taxes | $3,881,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,141,192 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $181,857 |
| Fees for services: Other | $5,284,370 |
| Advertising and promotion | $202,881 |
| Office expenses | $105,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $179,547 |
| Travel | $2,019,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,791,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,838 |
| Insurance | $38,860 |
| All other expenses | $0 |
| Total functional expenses | $49,715,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,669 |
| 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 | $12,292 |
| Net Land, buildings, and equipment | $287,589 |
| Investments—publicly traded securities | $321,248,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,771,712 |
| Other assets | $823,348 |
| Total assets | $328,228,395 |
| Accounts payable and accrued expenses | $143,469,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $421,719,294 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $384,600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,631,998 |
| Total liabilities | $952,420,882 |
| Net assets without donor restrictions | -$624,192,487 |
| 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 | $328,228,395 |
Grants Awarded
Over the last fiscal year, Sanford has awarded $2,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Moorhead, MN PURPOSE: Health Professions scholarship endowment, Sanford Center for Healthcare Leadership, Locker room & training facility | $1,100,000 |
Brookings, SD PURPOSE: Sanford-Jackrabbit Athletic Complex | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sanford has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: EQUIPMENT UPGRADE | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewood Health System Staples, MN | $153,437,720 | $115,022,151 |
Nebraska Methodist Health System Inc Omaha, NE | $973,536,368 | $72,064,192 |
Benefis Health System Inc Great Falls, MT | $1,077,897,926 | $69,706,426 |
Glencoe Regional Health Services Glencoe, MN | $113,597,620 | $66,479,330 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,810,829 | $52,402,111 |
Benedictine Health System Minneapolis, MN | $153,472,496 | $53,035,199 |
Sanford Sioux Falls, SD | $328,228,395 | $2,061,439 |
Mayo Clinic Lake City, MN | $39,703,752 | $42,659,598 |
Centracare Health System-Long Prairie Long Prairie, MN | $61,590,751 | $42,092,408 |
Memorial Community Hospital Corporation Blair, NE | $46,354,480 | $35,076,538 |
Fall River Health Services Hot Springs, SD | $31,896,422 | $22,695,886 |
United Family Practice Health Center St Paul, MN | $22,684,328 | $17,559,787 |