Solaris Foundation Inc

Organization Overview

Solaris Foundation Inc is located in Naples, FL. The organization was established in 2014. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Solaris Foundation Inc employed 4,428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solaris 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, Solaris Foundation Inc generated $263.0m in total revenue. All expenses for the organization totaled $265.6m during the year ending 12/2021. While expenses have increased by 91.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE OVERALL QUALITY OF LIFE OF INDIVIDUALS THROUGHOUT THE SOUTHEASTERN UNITED STATES WITH A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE. THROUGH OUR GROUP OF AFFILIATED ENTITIES AND A NETWORK OF HEALTHCARE PROVIDERS, WE WILL DEVELOP A WELLNESS BASED CONTINUUM OF SERVICES THAT ADDRESS THE MEDICAL, SOCIAL AND WELLNESS NEEDS OF THE ELDERLY, INDIGENT AND CHILDREN IN EACH OF THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN ACCORDANCE WITH OUR LONG TERM PLANS TO PROVIDE A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE, SOLARIS PROVIDED SERVICES IN THE SKILLED NURSING AND ASSISTED LIVING MARKETS. SOLARIS PROVIDED MULTIPLE SERVICES TO FURTHER THE MISSION OF OUR ORGANIZATION IN 2021. THESE SERVICES INCLUDED:CONTINUED SCH O...1. SKILLED NURSING AND ASSISTED LIVING2. CONSULTING SERVICES TO SKILLED NURSING FACILITIES AND ASSISTED LIVING FACILITIES.3. WORKED WITH LOCAL COMMUNITY ORGANIZATIONS TO IDENTIFY OPPORTUNITIES TO REDUCE HOSPITAL READMISSION RATES. 4. THE FOUNDATION'S LONG-TERM GOAL IS TO IMPROVE THE OVERALL QUALITY OF LIFE OF INDIVIDUALS THROUGHOUT THE SOUTHEASTERN UNITED STATES THROUGH A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Select Rehabilitation Inc
Therapy
$18,596,436
Cigna
Medical, Dental, & Vision
$10,068,948
Central Fl Health Care Consulting Llc
Consulting
$7,284,826
Twinmed Llc
Medical Equipment
$4,191,871
Gordon Food Service
Food Service
$6,846,558
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $25,009,570
All other contributions, gifts, grants, and similar amounts not included above$8,574
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,018,144
Total Program Service Revenue$249,894,601
Investment income $85,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,309,502
Net Gain/Loss on Asset Sales -$13,294,878
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $263,013,107

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