Florida Hospital Waterman Foundation Inc
- Assets
- $37.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Tavares, FL
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 59-2330166
Organization Overview
Florida Hospital Waterman Foundation Inc is located in Tavares, FL. The organization was established in 1984. 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. Florida Hospital Waterman 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 12/2023, Florida Hospital Waterman Foundation Inc generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT FLORIDA HOSPITAL WATERMAN IN HEALTHCARE EXCELLENCE THROUGH CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDA HOSPITAL WATERMAN FOUNDATION SEEKS DONOR CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT AND ENHANCE HEALTHCARE PROGRAMS AND SERVICES AVAILABLE TO OUR COMMUNITY THROUGH FLORIDA HOSPITAL WATERMAN, INC, A 501(C)(3) HOSPITAL IN LAKE COUNTY, FLORIDA. MAJOR AREAS OF FOCUS INCLUDE THE FHW HEART CENTER, EMERGENCY SERVICES, THE FHW COMMUNITY PRIMARY HEALTH CLINIC, FHW CANCER CENTER, AND SCHOLARSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Mazenko Chair | OfficerTrustee | 1 | $0 |
Tracy Belton Vice Chair | OfficerTrustee | 1 | $0 |
Matt Hackler Treasurer | OfficerTrustee | 1 | $0 |
Pat Lannon Secretary | OfficerTrustee | 1 | $0 |
Lindsay Holt Trustee | Trustee | 1 | $0 |
Ted Wicks Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $132,993 |
| Government grants | $216,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,170,875 |
| Noncash contributions included in lines 1a–1f | $1,441,697 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,519,898 |
| Total Program Service Revenue | $0 |
| Investment income | $713,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $838,338 |
| Net Income from Fundraising Events | $106,915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,068 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,277,451 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,083,598 |
| 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. | $222,189 |
| Compensation of current officers, directors, key employees. | $88,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,904 |
| Fees for services: Other | $21,535 |
| Advertising and promotion | $30,843 |
| Office expenses | $8,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,462 |
| Total functional expenses | $3,112,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,404 |
| Savings and temporary cash investments | $29,996 |
| Pledges and grants receivable | $2,571,453 |
| Accounts receivable, net | $142,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $103,402 |
| Prepaid expenses and deferred charges | $15,944 |
| Net Land, buildings, and equipment | $90,000 |
| Investments—publicly traded securities | $34,171,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,683,489 |
| Accounts payable and accrued expenses | $145,473 |
| 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 | $40,597 |
| Total liabilities | $186,070 |
| Net assets without donor restrictions | $31,596,471 |
| Net assets with donor restrictions | $5,900,948 |
| 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 | $37,683,489 |