Morton Plant Mease Health Care Foundation Inc
- Assets
- $126.2m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 09/1977
- Data as of
- 12/2020
- EIN
- 59-1751535
Organization Overview
Morton Plant Mease Health Care Foundation Inc is located in Clearwater, FL. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton Plant Mease Health Care Foundation 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 12/2020, Morton Plant Mease Health Care Foundation Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $13.2m during the year ending 12/2020. While expenses have increased by 6.9% 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, Morton Plant Mease Health Care Foundation Inc has awarded 14 individual grants totaling $57,906,667. 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
RAISING PHILANTHROPIC SUPPORT FOR PROGRAMS AT FOUR HOSPITALS OF MORTON PLANT MEASE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT TO ENHANCE THE QUALITY OF CLINICAL CARE FROM MORTON PLANT MEASE NURSES, PHYSICIANS AND VOLUNTEERS, INCLUDING: COVID-19 RESPONSE FUND TO RECOGNIZE OUR HEALTH CARE HEROES TREATING PATIENTS ON THE FRONTLINES DURING THE CORONAVIRUS EMERGENCY; DR. GEORGE MORRIS EARN AS YOU LEARN NURSING SCHOLARSHIP PROGRAM; FAMILY MEDICINE RESIDENCY CLINICAL TRAINING; BEREAVEMENT RESOURCES TO THOSE WHO LOST A LOVED ONE IN OUR HOSPITALS; AND MULTIPLE NURSING EDUCATION AND ADVANCEMENT PROGRAMS. SEE SECTION O FOR A DETAILED DESCRIPTION OF PROGRAMS REQUESTED BY THE HOSPITALS OF MORTON PLANT MEASE.
PROVIDING DISEASE SPECIFIC PROGRAMS TO IMPROVE THE HEALTH OF THE COMMUNITY, INCLUDING: HEALTHY MEALS PROGRAM FOR DISCHARGED CONGESTIVE HEART FAILURE PATIENTS; TARGETED RESOURCES FOR INPATIENT BEHAVIORAL HEALTH PATIENTS; CAMPING RETREAT FOR ADULT CANCER SURVIVORS; CARDIOVASCULAR WELLNESS REHABILITATION; PROSTATE, OVARIAN AND BREAST HEALTH PROGRAMS; MADONNA PTAK CENTER FOR ALZHEIMER'S AND MEMORY LOSS DISORDERS; AND PALLIATIVE CARE OFFERING A HOLISTIC APPROACH TO TREATING PATIENTS WITH CHRONIC ILLNESS. SEE SECTION O FOR A DETAILED DESCRIPTION OF PROGRAMS REQUESTED BY THE HOSPITALS OF MORTON PLANT MEASE.
PROVIDING CAPITAL SUPPORT TO THE HOSPITALS OF MORTON PLANT MEASE, INCLUDING: ION ROBOTIC PLATFORM AT MORTON PLANT HOSPITAL FOR MINIMALLY INVASIVE BIOPSY IN THE LUNG; MAKO ROBOTIC-ARM ASSISTED SYSTEM AT MEASE DUNEDIN HOSPITAL FOR JOINT REPLACEMENT SURGERY; PORTABLE CARDIOLOGY ULTRASOUND AT MORTON PLANT NORTH BAY HOSPITAL WITH ADVANCED IMAGING CAPABILITIES; DA VINCI SURGICAL SYSTEM FOR ROBOTIC ASSISTED SURGERY AT MEASE COUNTRYSIDE HOSPITAL; AND TRU-D ULTRAVIOLET DISINFECTION TECHNOLOGY TO SANITIZE PATIENT CARE ENVIRONMENTS. SEE SECTION O FOR A DETAILED DESCRIPTION OF CAPITAL GRANTS REQUESTED BY THE HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernestine Morgan Cfre President And CEO | Officer | 60 | $343,206 |
William J Fisher Jr Chairman | OfficerTrustee | 6 | $0 |
Darlene D Ferenz Secretary | OfficerTrustee | 6 | $0 |
Sydney Niewierski Vice Chair | OfficerTrustee | 6 | $0 |
Jon M Brethauer Treasurer | OfficerTrustee | 6 | $0 |
Ray Bouchard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,290,245 |
| Investment income | $2,034,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,397,099 |
| Net Income from Fundraising Events | -$88,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,632,525 |
| 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. | $358,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $984,249 |
| Pension plan accruals and contributions | $47,049 |
| Other employee benefits | $109,501 |
| Payroll taxes | $82,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $686 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $439,169 |
| Fees for services: Other | $127,632 |
| Advertising and promotion | $41,650 |
| Office expenses | $51,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,743 |
| Travel | $7,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,531 |
| Interest | $596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,214 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,179,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $661,037 |
| Pledges and grants receivable | $5,824,048 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $315,727 |
| Investments—publicly traded securities | $90,571,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,365,549 |
| Total assets | $126,171,724 |
| Accounts payable and accrued expenses | $487,895 |
| 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 | $5,796,978 |
| Total liabilities | $6,284,873 |
| 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 | $119,886,851 |
Grants Awarded
Over the last fiscal year, Morton Plant Mease Health Care Foundation Inc has awarded $10,226,176 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: SEE SCHEDULE O FOR GRANT DESCRIPTIONS | $6,609,353 |
Dunedin, FL PURPOSE: SEE SCHEDULE O FOR GRANT DESCRIPTIONS | $3,616,823 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Morton Plant Mease Health Care Foundation Inc has recieved totaling $206,000.
| Awarding Organization | Amount |
|---|---|
Robert J And Jennifer J Banks Charitable Tr Wilmington, DE PURPOSE: "THE PATHWAY TO RECOVERY RESOURCE CENTER", HOUSED WITHIN THE BEHAVIORAL HEALTH DEPARTMENT AT THE HOSPITALS OF MORTON PLANT MEASE PROGRAM | $200,000 |
H Foundation Clearwater, FL PURPOSE: HEALTH | $6,000 |
Endowment Analysis
| Beg. Balance | $31,401,520 |
| Earnings | $1,530,723 |
| Ending Balance | $32,932,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capstone Health Services Foundation P C Tuscaloosa, AL | $29,375,344 | $27,823,379 |
St Anthonys Professional Buildings & Services Inc Tampa, FL | $66,592,493 | $24,044,105 |
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |
Ufcw & Employers Health & Welfare T Rust Fund Pembroke Pines, FL | $22,540,829 | $18,806,803 |
Lakeland Regional Medical Center Foundation Inc Lakeland, FL | $42,454,148 | $10,633,675 |