Bon Secours Depaul Medical Center Inc
- Assets
- $143.5m
- Revenue
- $186.5m
- Investments
- $0.0
- Employees
- 1,510
- Location
- Suffolk, VA
- Founding
- 03/1946
- Data as of
- 08/2019
- EIN
- 54-1820093
Organization Overview
Bon Secours Depaul Medical Center Inc is located in Suffolk, VA. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2018, Bon Secours Depaul Medical Center Inc employed 1,510 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bon Secours Depaul Medical Center 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 08/2019, Bon Secours Depaul Medical Center Inc generated $186.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $202.8m during the year ending 08/2019. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 4 years. 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
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPAUL MEDICAL CENTER PROVIDES MEDICAL CARE TO PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. AMONG THE MAJOR SERVICES PROVIDED TO THE RESIDENTS OF HAMPTON ROADS, THREE MAJOR AREAS OF FOCUS ARE ORTHOPEDICS, GENERAL SURGERY AND NEUROLOGY. IN ADDITION, DEPAUL PROVIDES SUPPORT FOR COMMUNITY SERVICES. PLEASE SEE SCHEDULE H FOR ADDITIONAL INFORMATION REGARDING PROGRAMS, COMMUNITY BENEFIT PROGRAMS AND CHARITY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Baker MD Neurointerventionalist | 50 | $1,029,206 | |
Bradley Prestidge MD Oncologist | 50 | $754,329 | |
Saumil Patel MD Cardiologist | 50 | $637,176 | |
Gregory Adams MD Surgeon | 50 | $472,762 | |
William Callaghan Physician | 50 | $462,966 | |
John Barrett CEO - Dmc (end 03/18) | Officer | 49.5 | $365,555 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Cts Inc Biomedical Engineering | 8/30/18 | $3,282,913 |
Wm Jordan Co Inc General Contractor | 8/30/18 | $2,366,868 |
Morrison Mgt Specialists Dietary Services | 8/30/18 | $1,561,502 |
Eastern Va Med School Residency Programs | 8/30/18 | $1,596,213 |
Tidewater Phys Multispec Group Professional Medical Services | 8/30/18 | $1,507,608 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,330 |
| Investment income | $164,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $855,973 |
| Net Gain/Loss on Asset Sales | $999,155 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,504,590 |
| Statement of Expenses | |
|---|---|
| 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. | $698,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,345,129 |
| Pension plan accruals and contributions | $2,642,274 |
| Other employee benefits | $6,571,830 |
| Payroll taxes | $4,803,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $8,868 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,241,722 |
| Advertising and promotion | $13,178 |
| Office expenses | $1,715,870 |
| Information technology | $277,930 |
| Royalties | $0 |
| Occupancy | $12,955,512 |
| Travel | $119,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,570 |
| Interest | $2,484,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,882,449 |
| Insurance | $1,571,271 |
| All other expenses | $1,066,163 |
| Total functional expenses | $202,755,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $405,585 |
| Pledges and grants receivable | $2,956 |
| Accounts receivable, net | $18,046,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,188,565 |
| Prepaid expenses and deferred charges | $805,262 |
| Investments—publicly traded securities | $17,467,066 |
| Investments—other securities | $0 |
| Investments—program-related | $36,885,666 |
| Intangible assets | $4,761,727 |
| Other assets | $24,361,187 |
| Total assets | $143,464,644 |
| Accounts payable and accrued expenses | $7,655,616 |
| 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 | $281,910,965 |
| Total liabilities | $289,566,581 |
| Net assets without donor restrictions | -$146,094,845 |
| Net assets with donor restrictions | -$7,092 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$146,101,937 |
Grants Awarded
Over the last fiscal year, Bon Secours Depaul Medical Center Inc has awarded $137,549 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Suffolk, VA PURPOSE: Foundation Administrative Expense | $123,883 |
Suffolk, VA PURPOSE: Gift Shop Proceeds | $9,657 |
Suffolk, VA PURPOSE: Refund Overpaid Capital | $4,009 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bon Secours Depaul Medical Center Inc has recieved totaling $151,403.
| Awarding Organization | Amount |
|---|---|
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Program Support | $151,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Cabell Huntington Hospital Inc Huntington, WV | $1,087,986,142 | $722,910,695 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Franklin Square Hospital Center Inc Baltimore, MD | $352,871,142 | $621,968,540 |
Ashland Hospital Corporation Ashland, KY | $776,253,929 | $734,768,924 |
University Medical Center Inc Louisville, KY | $770,505,785 | $636,566,362 |