Atlantic Coast Asc Gp 1 Inc
- Assets
- $6.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Ft Lauderdale, FL
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-1876304
Organization Overview
Atlantic Coast Asc Gp 1 Inc is located in Ft Lauderdale, FL. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Atlantic Coast Asc Gp 1 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 12/2022, Atlantic Coast Asc Gp 1 Inc generated $1.1m in total revenue. All expenses for the organization totaled $602.6k during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE OBJECTIVES AND PURPOSES OF ITS PARENT, ATLANTIC COAST ASC HOLDING COMPANY, INC. IN SUPPORTING AND BENEFITING THE SOUTH BROWARD HOSPITAL DISTRICT AND ITS RESIDENTS IN FURTHERANCE OF THE HEALTH CARE MISSION OF THE DISTRICT, ENHANCING THE DELIVERY OF HEALTH CARE SERVICES AND BEING RESPONSIVE TO THE HEALTH NEEDS OF THE RESIDENTS OF THE DISTRICT. ACQUIRED AND HOLDING A 51% CONTROLLING GENERAL PARTNER INTEREST IN AMBULATORY SURGICAL FACILITY OF SOUTH FLORIDA LLLP, DBA MEMORIAL SAME DAY SURGERY CENTER (ASFSF). ASFSF OPERATES AMBULATORY SURGICAL FACILITIES IN THE SOUTH BROWARD HOSPITAL DISTRICT, PROVIDING QUALITY HEALTH SERVICES TO THE RESIDENTS OF THE DISTRICT AT REASONABLE COSTS, AND OPERATING IN ACCORDANCE WITH THE COMMUNITY BENEFIT STANDARDS APPLICABLE TO TAX EXEMPT HEALTHCARE ORGANIZATIONS, INCLUDING PROMOTING HEALTH OF THE GENERAL PUBLIC, PROVIDING CHARITY AND INDIGENT CARE AND PARTICIPATING IN GOVERNMENT PAYOR PROGRAMS ON A NONDISCRIMINATORY BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTROLLING INTEREST IN ASFSF, AS DESCRIBED IN DETAIL ON SCHEDULE O, WITH THE MISSION TO PROVIDE EFFICIENT AND REDUCED COST HEALTHCARE SERVICES TO THE COMMUNITY, IN ACCORDANCE WITH THE POLICIES OF THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Einhorn Director | Trustee | 1 | $0 |
Scott Wester Director | Trustee | 1 | $0 |
Paul Sallwasser CEO | Officer | 1 | $0 |
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 | $1,090,547 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,090,547 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,382 |
| Payroll taxes | $68,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,128 |
| Fees for services: Accounting | $13,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,727 |
| Advertising and promotion | $0 |
| Office expenses | $1,151 |
| Information technology | $0 |
| Royalties | $200,000 |
| Occupancy | $14,184 |
| Travel | $718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $392 |
| Insurance | $6,817 |
| All other expenses | $5,054 |
| Total functional expenses | $602,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,692,303 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,692,303 |
| Accounts payable and accrued expenses | $54,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $54,496 |
| Net assets without donor restrictions | $6,637,807 |
| 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 | $6,692,303 |