Baptist Hospital Of Miami Inc
- Assets
- $1.3b
- Revenue
- $2.0b
- Investments
- $0.0
- Employees
- 6,103
- Location
- Miami, FL
- Founding
- 05/1963
- Data as of
- 09/2021
- 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 09/2021, Baptist Hospital Of Miami Inc employed 6,103 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 09/2021, Baptist Hospital Of Miami Inc generated $2.0b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.7b during the year ending 09/2021. While expenses have increased by 7.8% 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former CEO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anf Group Inc Construction Services | 9/29/21 | $4,301,057 |
Callisonrtkl Inc Construction Services | 9/29/21 | $4,088,644 |
Philips Electronics North America Corp Construction Services | 9/29/21 | $8,589,420 |
Robins & Morton Group Construction Services | 9/29/21 | $42,728,843 |
Urgent Care Physicians Of South Florida Physician Services | 9/29/21 | $8,298,346 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $676,181 |
| Government grants | $96,258,527 |
| 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 | $96,934,708 |
| Total Program Service Revenue | $1,840,672,798 |
| Investment income | $650,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$589,416 |
| Net Gain/Loss on Asset Sales | -$635,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,048,142 |
| 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. | $1,903,310 |
| Compensation of current officers, directors, key employees. | $1,903,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,769,332 |
| Pension plan accruals and contributions | $10,246,904 |
| Other employee benefits | $42,365,807 |
| Payroll taxes | $29,764,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,613,044 |
| 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 | $218,577,622 |
| Advertising and promotion | $19,359,837 |
| Office expenses | $45,425,819 |
| Information technology | $82,629,204 |
| Royalties | $0 |
| Occupancy | $31,900,202 |
| Travel | $20,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85 |
| Interest | $21,227,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,668,450 |
| Insurance | $34,300,836 |
| All other expenses | $118,205,143 |
| Total functional expenses | $1,690,005,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,202,179 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,184,187 |
| Prepaid expenses and deferred charges | $4,658,492 |
| Net Land, buildings, and equipment | $923,456,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,937,148 |
| Total assets | $1,278,487,143 |
| Accounts payable and accrued expenses | $136,163,734 |
| Grants payable | $0 |
| Deferred revenue | $50,357,370 |
| Tax-exempt bond liabilities | $518,501,063 |
| 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 | $109,557,226 |
| Total liabilities | $814,579,393 |
| Net assets without donor restrictions | $404,056,223 |
| Net assets with donor restrictions | $59,851,527 |
| 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 | $1,278,487,143 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Baptist Hospital Of Miami Inc has recieved totaling $75,030.
| Awarding Organization | Amount |
|---|---|
University Of Miami Coral Gables, FL PURPOSE: RESEARCH | $43,320 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $11,710 |
Endowment Analysis
| Beg. Balance | $2,318,941 |
| Ending Balance | $2,318,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |