Boca Raton Regional Hospital Inc
- Assets
- $780.2m
- Revenue
- $582.3m
- Investments
- $0.0
- Employees
- 3,095
- Location
- Boca Raton, FL
- Founding
- 01/1964
- Data as of
- 09/2020
- EIN
- 59-1006663
Organization Overview
Boca Raton Regional Hospital Inc is located in Boca Raton, 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 09/2021, Boca Raton Regional Hospital Inc employed 3,095 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boca Raton Regional 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 09/2020, Boca Raton Regional Hospital Inc generated $582.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $558.0m during the year ending 09/2020. While expenses have increased by 4.2% 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, Boca Raton Regional Hospital Inc has awarded 110 individual grants totaling $1,763,508. 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
2020
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 - Beg. 07/2021 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fox Rothschild Llp Legal | 9/29/21 | $7,750,000 |
The Center For Hematology - Oncology Pa Med/phys Fees | 9/29/21 | $35,439,114 |
Finfrock Construction Inc Construction | 9/29/21 | $5,990,769 |
Siemens Health Services Construction | 9/29/21 | $3,009,681 |
Oneblood Inc Lab | 9/29/21 | $2,876,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,235,243 |
| Investment income | $157,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$46,798 |
| Net Gain/Loss on Asset Sales | $8,953 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $582,251,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,616,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,327,297 |
| Pension plan accruals and contributions | $5,099,373 |
| Other employee benefits | $17,328,944 |
| Payroll taxes | $12,255,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,037,273 |
| 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 | $63,056,416 |
| Advertising and promotion | $793,069 |
| Office expenses | $11,291,030 |
| Information technology | $10,963,165 |
| Royalties | $0 |
| Occupancy | $1,585,351 |
| Travel | $86,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185,345 |
| Interest | $435,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,324,000 |
| Insurance | $15,514,955 |
| All other expenses | $0 |
| Total functional expenses | $557,980,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,547 |
| Savings and temporary cash investments | $895,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,007,373 |
| Loans from Officers, Directors, or Controlling Persons | $197,338 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,663,819 |
| Prepaid expenses and deferred charges | $4,988,918 |
| Investments—publicly traded securities | $26,615,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,079,177 |
| Total assets | $780,179,658 |
| Accounts payable and accrued expenses | $62,282,678 |
| Grants payable | $0 |
| Deferred revenue | $96,723,621 |
| 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 | $435,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,923,936 |
| Total liabilities | $264,365,516 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $515,814,142 |
Grants Awarded
Over the last fiscal year, Boca Raton Regional Hospital Inc has awarded $570,294 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: SUPPORT FOR MEMORY AND WELLNESS CENTER | $55,000 |
Boca Raton, FL PURPOSE: SUPPORT FOR MEMORY AND WELLNESS CENTER | $55,000 |
Boynton Beach, FL PURPOSE: SUPPORT | $36,547 |
Boynton Beach, FL PURPOSE: SUPPORT | $36,547 |
AMERICAN ASSOCIATION OF CAREGIVING YOUTH PURPOSE: SUPPORT | $25,000 |
AMERICAN ASSOCIATION OF CAREGIVING YOUTH PURPOSE: SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Boca Raton Regional Hospital Inc has recieved totaling $222,900.
| Awarding Organization | Amount |
|---|---|
Seymore And Helen Ann Rubin Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING NO RESTRICTIONS | $100,000 |
Philip J Solondz Family Foundation Millburn, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT ORGANIZATOINS CHARITABLE PURPOSE | $40,000 |
Marlis Foundation Inc Boca Raton, FL PURPOSE: OPERATIONS | $25,000 |
Pinetree Foundation New York, NY PURPOSE: UNRESTRICTED | $14,000 |
Begelman Family Foundation Inc Ocean Ridge, FL PURPOSE: NONRESTRICTED GRANT | $12,500 |
Willens Family Foundation Short Hills, NJ PURPOSE: CHARITABLE GRANT | $10,200 |
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 |