Baptist Hospital Of Miami Inc
- Assets
- $1.4b
- Revenue
- $2.3b
- Investments
- $0.0
- Employees
- 6,694
- Location
- Miami, FL
- Founding
- 05/1963
- Data as of
- 09/2023
- EIN
- 59-0910342
Organization Overview
Baptist Hospital Of Miami Inc is located in Miami, FL. The organization was established in 1963. 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, Baptist Hospital Of Miami Inc employed 6,694 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Hospital Of Miami 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 09/2023, Baptist Hospital Of Miami Inc generated $2.3b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.9b during the year ending 09/2023. While expenses have increased by 7.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
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 Chairman | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Contract Labor | 9/29/23 | $11,121,865 |
Vilar-hoynack Construction Co Construction Services | 9/29/23 | $15,349,873 |
Management Health System Llc Contract Labor | 9/29/23 | $12,794,097 |
Urgent Care Physicians Of South Florida Physician Services | 9/29/23 | $8,631,419 |
Robins & Morton Group Construction Services | 9/29/23 | $7,145,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,776,261 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,777,191 |
| Total Program Service Revenue | $2,195,524,688 |
| Investment income | $890,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$174,197 |
| Net Gain/Loss on Asset Sales | $10,697,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,279,643,696 |
| 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. | $3,330,613 |
| Compensation of current officers, directors, key employees. | $3,330,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $427,626,072 |
| Pension plan accruals and contributions | $16,976,740 |
| Other employee benefits | $46,939,562 |
| Payroll taxes | $31,383,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,272,125 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,115,864 |
| Advertising and promotion | $19,966,891 |
| Office expenses | $52,870,964 |
| Information technology | $73,710,406 |
| Royalties | $0 |
| Occupancy | $25,805,218 |
| Travel | $290,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,606 |
| Interest | $14,916,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,888,135 |
| Insurance | $33,713,629 |
| All other expenses | $266,956,649 |
| Total functional expenses | $1,893,361,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,053,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,058,514 |
| Prepaid expenses and deferred charges | $8,921,426 |
| Net Land, buildings, and equipment | $930,056,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,091,592 |
| Total assets | $1,352,227,497 |
| Accounts payable and accrued expenses | $161,329,268 |
| Grants payable | $0 |
| Deferred revenue | $1,566,936 |
| Tax-exempt bond liabilities | $549,511,376 |
| 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 | $82,936,324 |
| Total liabilities | $795,343,904 |
| Net assets without donor restrictions | $496,869,571 |
| Net assets with donor restrictions | $60,014,022 |
| 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 | $1,352,227,497 |