Beebe Medical Foundation
- Assets
- $36.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lewes, DE
- Founding
- 09/1989
- Data as of
- 06/2021
- EIN
- 51-0319455
Organization Overview
Beebe Medical Foundation is located in Lewes, DE. The organization was established in 1989. 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. Beebe Medical Foundation 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 06/2021, Beebe Medical Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $6.1m during the year ending 06/2021. While expenses have increased by 14.7% 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.
Since 2015, Beebe Medical Foundation has awarded 20 individual grants totaling $42,299,524. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE MISSION OF BEEBE MEDICAL FOUNDATION IS TO IDENTIFY AND SECURE PHILANTHROPHIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEEBE MEDICAL FOUNDATION FUNDED CAPITAL EQUIPMENT PURCHASES FOR BEEBE MEDICAL CENTER AS FOLLOWS: $4,121,716 FOR SOUTH COASTAL HEALTH CAMPUS, $80,140 FOR COVID CEPHEID UPGRADE, $51,567 NEW VEHICLE, $41,622 FOR SCHOOL OF NURSING CAMERAS AND MICROPHONES, $33,870 SABELLA FLEX BREAST SYSTEM, $25,000 TWIAGE SUBSCRIPTION, $13,000 TRAUMA INFORMED INITIATIVE, $12,745 PORTABLE FETAL MONITOR, $12,143 VENTILATOR HEATERS & COMPONENTS, $10,784 FETAL MONITOR UPGRADE, $6,044 PULMONARY BIKE, $5,645 TREADMILL, $2,894 SONICONE HANDPIECE.
BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR OPERATIONAL EXPENSES PAID BY BEEBE MEDICAL CENTER AS FOLLOWS: $143,310 TRAVEL NURSE EXPENSES; $52,329 GULL HOUSE RENT; $43,622 IS SOFTWARE UPDATES; $34,053 CARVAS REGISTRY EXPENSES; $27,095 WOMEN'S HEALTH BIOMED MAINTENANCE; $17,565 MIH 1 SCEMS; $12,427 SCHOOL OF NURSING PROFESSIONAL DEVELOPMENT; $6,736 PALLIATIVE CARE ATHENA EXPENSES; $6,627 WOMEN'S HEALTH SLEEP SACS; $4,487 CONTRAST MEDIA RADIOLOGY; $3,557 ONCOLOGY ARIA 8; $3,150 IPADS FOR PATIENT USE; $1,826 ONCOLOGY INTEGRATIVE HEALTH EXPENSES; $1,791 ONCOLOGY PICNIC TABLES; $1,069 NEPHROLOGY - TESTING KITS; $858 VACCINATE IN 48 EXPENSES; $825 ONCOLOGY BREAST FUND PATIENT EXPENSES; $684 LACTATION - BREAST PUMP & MILK INITIATION KIT; $200 GEORGETOWN BUILDING IMPROVEMENTS; $162 DIABETES MEDICAL WASTE EXPENSES.
BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR PROGRAMS MANAGED BY BEEBE MEDICAL CENTER AS FOLLOWS: $21,202 TUNNEL CANCER CENTER SPECIAL NEEDS PROGRAM; $12,150 MIH 1 SCEMS; $10,095 MOBILE INTEGRATED HEALTH - TRAINING & PARAMEDIC SERVICES; $4,047 REACH OUT AND READ BOOKS; $4,032 POPULATION HEALTH - SENIOR FOOD VOUCHER PROGRAM; $2,473 BOOK BAGS FOR FIRST BOOK INITIATIVE; $804 SCHOOL OF NURSING WALK TO REMEMBER EXPENSES; $793 FOOD FOR COVID WORKERS; $760 POP HEALTH SPECIAL NEEDS PROGRAM
OTHER EXPENSES: $27,200 SCHOOL OF NURSING SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tam MD Director/bmc President & CEO | OfficerTrustee | 2 | $0 |
Cindy Szabo Secretary | OfficerTrustee | 1 | $0 |
Paul Pernice Treasurer/bmc CFO | OfficerTrustee | 1 | $0 |
Charles Burton Vice Chair | OfficerTrustee | 1 | $0 |
Christian Hudson Chair | OfficerTrustee | 1 | $0 |
Thomas Protack President, Beebe Medical Foundation | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,750 |
| Related organizations | $1,163,249 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,002,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,178,486 |
| Total Program Service Revenue | $0 |
| Investment income | $369,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $465,735 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,059,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,783,488 |
| Grants and other assistance to domestic individuals. | $27,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $416,741 |
| Compensation of current officers, directors, key employees. | $75,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,737 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,227 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,289 |
| Office expenses | $40,316 |
| Information technology | $27,064 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668 |
| Insurance | $0 |
| All other expenses | $25,413 |
| Total functional expenses | $6,060,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,021,938 |
| 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 | $11,276 |
| Net Land, buildings, and equipment | $2,130 |
| Investments—publicly traded securities | $32,712,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,267,660 |
| Accounts payable and accrued expenses | $519,865 |
| 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 | $519,865 |
| Net assets without donor restrictions | $6,463,902 |
| Net assets with donor restrictions | $29,283,893 |
| 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 | $36,267,660 |
Grants Awarded
Over the last fiscal year, Beebe Medical Foundation has awarded $4,783,488 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lewes, DE PURPOSE: EQUIPMENT & SERVICES | $4,761,243 |
SUSSEX COUNTY COUNCIL PURPOSE: TRAINING & PARAMEDIC SERVICES | $22,245 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Beebe Medical Foundation has recieved totaling $3,418,098.
| Awarding Organization | Amount |
|---|---|
The Ma-Ran Foundation Atlanta, GA PURPOSE: MARGARET H. ROLLINS LEWIS CAMPUS | $2,000,000 |
The Ma-Ran Foundation Atlanta, GA PURPOSE: SHAW BUILDING RENOVATIONS | $1,000,000 |
Delaware Atlantis Foundation Pennington, NJ PURPOSE: FAMILY RESIDENCY PROGRAM | $157,500 |
Carl M Freeman Foundation Inc Selbyville, DE PURPOSE: HEALTH | $62,925 |
Arthur W Perdue Foundation Inc Wilmington, DE PURPOSE: I BELIEVE IN BEEBE-SPECIALTY SURGICAL HOSPITAL: REHOBOTH CAMPUS (WITH THE NAMING OPPORTUNITY OF THE WAITING AREA) PROJECT | $50,000 |
Ida J Miller Tr Uw Fbo Designated Charities Trust No 4212 Wilmington, DE PURPOSE: GENERAL PURPOSE | $27,475 |
Endowment Analysis
| Beg. Balance | $11,151,747 |
| Earnings | $3,881,526 |
| Net Contributions | $426,602 |
| Grants | $305,782 |
| Ending Balance | $15,154,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |
Concordia Lutheran Ministriesfoundation Cabot, PA | $226,432,111 | $36,499,919 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
The Medical Trust Philadelphia, PA | $200,270,282 | $19,932,215 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |
Meadville Physician Services Meadville, PA | $881,985 | $6,590,657 |
The Rwj University Hospital Foundation Inc Oceanport, NJ | $46,137,023 | $8,736,586 |