Baptist Health South Florida Foundation Inc
- Assets
- $225.3m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 61
- Location
- Coral Gables, FL
- Founding
- 08/1979
- Data as of
- 09/2020
- EIN
- 59-1923401
Organization Overview
Baptist Health South Florida Foundation Inc is located in Coral Gables, FL. The organization was established in 1979. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Baptist Health South Florida Foundation Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health South Florida 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 09/2020, Baptist Health South Florida Foundation Inc generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $33.0m during the year ending 09/2020. While expenses have increased by 7.3% 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 2014, Baptist Health South Florida Foundation Inc has awarded 75 individual grants totaling $87,749,144. 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 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Art-tech Promotionals Inc Professional Services | 9/29/21 | $173,000 |
Robert G Baal Professional Services | 9/29/21 | $106,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,260,821 |
| Investment income | $1,996,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,436,090 |
| Net Income from Fundraising Events | $765,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,727,207 |
| 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. | $459,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,712,280 |
| Pension plan accruals and contributions | $158,184 |
| Other employee benefits | $657,868 |
| Payroll taxes | $394,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,004 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $511,657 |
| Fees for services: Investment Management | $704,321 |
| Fees for services: Other | $1,831,327 |
| Advertising and promotion | $394,135 |
| Office expenses | $1,573,906 |
| Information technology | $610,383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,138 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $32,976,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,070,092 |
| Pledges and grants receivable | $65,851,699 |
| 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 | $0 |
| Investments—publicly traded securities | $150,006,455 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,349,936 |
| Total assets | $225,281,750 |
| Accounts payable and accrued expenses | $8,480,129 |
| 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 | $55,198,138 |
| Total liabilities | $63,678,267 |
| 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 | $161,603,483 |
Grants Awarded
Over the last fiscal year, Baptist Health South Florida Foundation Inc has awarded $7,817,569 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Coral Gables, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $2,749,840 |
Coral Gables, FL PURPOSE: OPERATIONS | $2,348,134 |
Miami, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $1,345,532 |
Miami, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $676,252 |
Homestead, FL PURPOSE: OPERATIONS | $223,350 |
Miami, FL PURPOSE: OPERATIONS | $172,852 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Health South Florida Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Bahl Family Foundation Cincinnati, OH PURPOSE: DONATION | $20,000 |
Endowment Analysis
| Beg. Balance | $17,011,516 |
| Net Contributions | $1,579,802 |
| Ending Balance | $18,591,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health South Florida Foundation Inc Coral Gables, FL | $225,281,750 | $41,727,207 |
Sunsystem Development Corporation Altamonte Springs, FL | $162,692,831 | $28,088,439 |
Joe Dimaggio Childrens Hospital Foundation Inc Hollywood, FL | $82,320,929 | $14,894,521 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
Avow Foundation Inc Naples, FL | $44,104,234 | $9,594,342 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Buoniconti Fund To Cure Paralysis Inc Miami, FL | $4,267,074 | $4,138,317 |
Community Hospice Of Northeast Florida Foundation For Caring Inc Jacksonville, FL | $23,319,207 | $6,212,516 |
Shelby County Community Health Foundation Columbiana, AL | $85,859,544 | $2,816,879 |
Health First Foundation Inc Rockledge, FL | $8,113,598 | $1,323,822 |