South Miami Hospital Inc
- Assets
- $413.4m
- Revenue
- $763.7m
- Investments
- $0.0
- Employees
- 3,202
- Location
- Miami, FL
- Founding
- 10/1964
- Data as of
- 09/2021
- EIN
- 59-0872594
Organization Overview
South Miami Hospital Inc is located in Miami, FL. The organization was established in 1964. 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 09/2023, South Miami Hospital Inc employed 3,202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Miami Hospital 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 09/2021, South Miami Hospital Inc generated $763.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $661.2m during the year ending 09/2021. While expenses have increased by 1.0% 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.
Since 2016, South Miami Hospital Inc has awarded 14 individual grants totaling $201,611. 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 FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director, End 09/2023 | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director - Beg 01/2023 | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Criticare Clinics Inc Physician Services | 9/29/23 | $11,234,693 |
Aya Healthcare Inc Contract Labor | 9/29/23 | $5,645,911 |
South Miami Inpatient Physicians Inc Physician Services | 9/29/23 | $6,154,268 |
Nuwest Group Holdings Llc Contract Labor | 9/29/23 | $5,633,734 |
Management Health System Llc Contract Labor | 9/29/23 | $4,337,085 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,428,730 |
| Investment income | $293,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $423,430 |
| Net Gain/Loss on Asset Sales | $111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,720,505 |
| 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. | $1,121,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,803,507 |
| Pension plan accruals and contributions | $4,886,223 |
| Other employee benefits | $21,480,425 |
| Payroll taxes | $12,788,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,554,922 |
| Fees for services: Accounting | $804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,159,043 |
| Advertising and promotion | $6,067,968 |
| Office expenses | $16,558,704 |
| Information technology | $34,496,741 |
| Royalties | $0 |
| Occupancy | $16,623,585 |
| Travel | $10,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,055,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,992,672 |
| Insurance | $11,755,008 |
| All other expenses | $0 |
| Total functional expenses | $661,246,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,245 |
| Savings and temporary cash investments | $335,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,575,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,039,981 |
| Prepaid expenses and deferred charges | $1,910,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,980,081 |
| Total assets | $413,367,432 |
| Accounts payable and accrued expenses | $72,158,149 |
| Grants payable | $0 |
| Deferred revenue | $19,793,015 |
| Tax-exempt bond liabilities | $130,426,543 |
| 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 | $35,823,086 |
| Total liabilities | $258,200,793 |
| Net assets without donor restrictions | $131,199,903 |
| Net assets with donor restrictions | $23,966,736 |
| 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 | $155,166,639 |
Grants Awarded
Over the last fiscal year, South Miami Hospital Inc has awarded $83,375 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRANCHES INC PURPOSE: Sponsorship of various events in support of underprivileged families. | $7,725 |
CAMILLUS HOUSE INC PURPOSE: Support for the assertive community treatment program. | $21,900 |
CHAMBER SOUTH PURPOSE: Sponsorship for the annual luncheon series. | $6,250 |
THE MARCH OF DIMES PURPOSE: Sponsorship of the Signature Chef event. | $7,500 |
TEAM FOOTWORKS EDUCATIONAL FITNESS CORP PURPOSE: Sponsorship in support of community fitness education. | $40,000 |