Shands Teaching Hospital And Clinics Inc
- Assets
- $2.8b
- Revenue
- $1.7b
- Investments
- $797.5m
- Employees
- 12,743
- Location
- Gainesville, FL
- Founding
- 07/1980
- Data as of
- 06/2020
- EIN
- 59-1943502
Organization Overview
Shands Teaching Hospital And Clinics Inc, operating under the name UF Health Shands, is located in Gainesville, FL. The organization was established in 1980. 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 06/2020, UF Health Shands employed 12,743 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, UF Health Shands generated $1.7b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.6b during the year ending 06/2020. While expenses have increased by 4.1% per year over the past 5 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, UF Health Shands has awarded 126 individual grants totaling $443,751,284. 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
SHANDS TEACHING HOSPITAL AND CLINICS INC., IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION CONSISTING OF A STATUTORY TEACHING HOSPITAL AND A SPECIALTY HOSPITAL, WHICH SUPPORT THE UNIVERSITY OF FLORIDA'S CLINICAL, EDUCATION AND RESEARCH MISSIONS IN MORE THAN 100 SPECIALTY AND SUBSPECIALTY MEDICAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHANDS TEACHING HOSPITAL AND CLINICS, INC. IS A FLORIDA NOT-FOR-PROFIT CORPORATION AND OPERATES A MULTI-HOSPITAL SYSTEM. INCLUDED IS A TERTIARY CARE TEACHING INSTITUTION OF 1014 BEDS, AN INPATIENT PSYCHIATRIC AND SUBSTANCE ABUSE FACILITY OF 81 BEDS AND A HOSPITAL BASED HOME CARE AGENCY. SHANDS' COMMUNITY BENEFIT IS A PLANNED, MANAGED, ORGANIZED, AND MEASURED APPROACH TO A HEALTH CARE ORGANIZATION'S PARTICIPATION IN MEETING IDENTIFIED COMMUNITY HEALTH NEEDS. IT IS A COLLABORATION TO MEET THE NEEDS OF ITS RESIDENTS - PARTICULARLY THE POOR AND OTHER UNDERSERVED GROUPS - BY IMPROVING HEALTH STATUS AND QUALITY OF LIFE. COMMUNITY BENEFIT PROJECTS AND SERVICES ARE IDENTIFIED AS A RESULT OF A COMMUNITY HEALTH NEEDS ASSESSMENT, STRATEGIC AND/OR CLINICAL PRIORITIES AND PARTNERSHIP AREAS OF ATTENTION. COMMUNITY BENEFIT CATEGORIES INCLUDE FINANCIAL ASSISTANCE, COMMUNITY HEALTH SERVICES, HEALTH PROFESSIONS EDUCATION, RESEARCH AND DONATIONS. UF HEALTH SHANDS HOSPITAL HAS A LONG HISTORY OF PROVIDING COMMUNITY BENEFITS. UF HEALTH SHANDS HOSPITAL HAS POLICIES PROVIDING FINANCIAL ASSISTANCE FOR PATIENTS REQUIRING CARE BUT HAVE LIMITED OR NO MEANS TO PAY FOR THAT CARE. THESE POLICIES PROVIDE FREE OR DISCOUNTED HEALTH AND HEALTH-RELATED SERVICES TO PERSONS WHO QUALIFY UNDER CERTAIN INCOME AND ASSET CRITERIA. COMMUNITY HEALTH SERVICES INCLUDES COMMUNITY HEALTH EDUCATION, COUNSELING AND SUPPORT SERVICES AND HEALTH CARE SCREENINGS. HEALTH PROFESSIONS EDUCATION INCLUDES EDUCATION PROVIDED IN CLINICAL SETTINGS SUCH AS INTERNSHIPS AND PROGRAMS FOR PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS. IT ALSO INCLUDES SCHOLARSHIPS FOR HEALTH PROFESSIONAL EDUCATION RELATED TO PROVIDING COMMUNITY HEALTH IMPROVEMENT SERVICES AND SPECIALTY IN-SERVICE PROGRAMS TO PROFESSIONALS IN THE COMMUNITY. RESEARCH INCLUDES STUDIES ON HEALTH CARE DELIVERY, UNREIMBURSED STUDIES ON THERAPEUTIC PROTOCOLS, EVALUATION OF INNOVATIVE TREATMENTS, AND RESEARCH PAPERS PREPARED FOR PROFESSIONAL JOURNALS. DONATIONS INCLUDE FUNDS AND IN-KIND SERVICES BENEFITING THE COMMUNITY-AT-LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Chairman/president | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Florida Clinical Practice Association Professional Medical Services | 6/29/20 | $115,229,502 |
Kelly Services Inc Contract Labor | 6/29/20 | $14,106,890 |
Aramark Services Environmental Services | 6/29/20 | $6,057,101 |
Arup Laboratories Laboratory Services | 6/29/20 | $4,244,463 |
Angelica Textile Services Linen Services | 6/29/20 | $5,230,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,974 |
| Membership dues | $0 |
| Fundraising events | $3,926,828 |
| Related organizations | $1,938,796 |
| Government grants | $38,345,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,346,465 |
| Noncash contributions included in lines 1a–1f | $145,623 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,559,208 |
| Total Program Service Revenue | $1,552,078,214 |
| Investment income | $18,782,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,059,240 |
| Net Gain/Loss on Asset Sales | $20,677,534 |
| Net Income from Fundraising Events | $654,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,538,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,744,827 |
| Grants and other assistance to domestic individuals. | $3,138,952 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,393,870 |
| Compensation of current officers, directors, key employees. | $8,393,870 |
| Compensation to disqualified persons | $665,517 |
| Other salaries and wages | $517,856,330 |
| Pension plan accruals and contributions | $33,876,101 |
| Other employee benefits | $59,637,141 |
| Payroll taxes | $46,092,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,248,679 |
| Fees for services: Accounting | $570,000 |
| Fees for services: Lobbying | $421,470 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,305,281 |
| Fees for services: Other | $186,702,921 |
| Advertising and promotion | $6,253,262 |
| Office expenses | $42,267,418 |
| Information technology | $21,911,248 |
| Royalties | $0 |
| Occupancy | $64,125,304 |
| Travel | $5,069,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $630,004 |
| Interest | $35,322,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,738,381 |
| Insurance | $4,972,937 |
| All other expenses | $2,282,411 |
| Total functional expenses | $1,607,754,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,208 |
| Savings and temporary cash investments | $104,251,154 |
| Pledges and grants receivable | $1,077,259 |
| Accounts receivable, net | $279,328,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,038,049 |
| Prepaid expenses and deferred charges | $244,210,336 |
| Net Land, buildings, and equipment | $1,108,822,010 |
| Investments—publicly traded securities | $121,938,608 |
| Investments—other securities | $797,549,555 |
| Investments—program-related | $29,876,356 |
| Intangible assets | $0 |
| Other assets | $46,278,755 |
| Total assets | $2,776,385,162 |
| Accounts payable and accrued expenses | $268,523,296 |
| Grants payable | $0 |
| Deferred revenue | $237,361,503 |
| Tax-exempt bond liabilities | $838,395,327 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $135,684,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,501,058 |
| Total liabilities | $1,526,465,990 |
| Net assets without donor restrictions | $1,247,746,286 |
| Net assets with donor restrictions | $2,172,886 |
| 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 | $2,776,385,162 |
Grants Awarded
Over the last fiscal year, Shands Teaching Hospital And Clinics Inc has awarded $77,321,697 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: SUPPORT FOR MEDICAL PROGRAMS | $70,991,119 |
Gainesville, FL PURPOSE: Clinical practice support | $4,616,960 |
Tallahassee, FL PURPOSE: FSU Dance Marathon 2020 | $878,618 |
Gainesville, FL PURPOSE: PROGRAM SUPPORT | $400,000 |
Gainesville, FL PURPOSE: PROGRAM SUPPORT | $300,000 |
Dallas, TX PURPOSE: PROGRAM SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Shands Teaching Hospital And Clinics Inc has recieved totaling $1,116.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $279 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $279 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $179 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $179 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $585,119,271 |
| Earnings | -$16,918,117 |
| Net Contributions | $20,000,000 |
| Ending Balance | $588,201,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $664,920,656 | $872,003,409 |
Lakeland Regional Medical Center Inc Lakeland, FL | $848,882,351 | $905,422,211 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,199,138,244 | $852,052,211 |
Medical Center Of Central Georgia Inc Macon, GA | $1,263,100,131 | $832,091,905 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $1,036,825,508 | $767,922,503 |
University Community Hospital Inc Tampa, FL | $1,125,458,239 | $761,872,885 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $991,316,249 | $705,262,777 |
Holmes Regional Medical Center Rockledge, FL | $836,033,476 | $676,432,078 |
Baptist Hospital Inc Pensacola, FL | $424,581,073 | $637,271,785 |
Cobb Hospital Marietta, GA | $377,533,901 | $772,795,328 |
South Miami Hospital Inc Miami, FL | $328,157,202 | $674,336,307 |