Bethesda Hospital Foundation Inc
- Assets
- $0.0
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Boynton Beach, FL
- Founding
- 09/1962
- Data as of
- 03/2021
- EIN
- 59-6137805
Organization Overview
Bethesda Hospital Foundation Inc is located in Boynton Beach, FL. The organization was established in 1962. 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 03/2021, Bethesda Hospital Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda Hospital 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 03/2021, Bethesda Hospital Foundation Inc generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $13.1m during the year ending 03/2021. While expenses have increased by 27.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BETHESDA HOSPITAL FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED FOR THE BENEFIT AND SUPPORT OF BETHESDA HOSPITAL. ITS PURPOSE IS TO ASSIST THE HOSPITAL IN ACCOMPLISHING ITS MISSION THROUGH THE ACQUISITION, MANAGEMENT AND DISBURSEMENT OF PHILANTHROPIC ASSETS AND BY BUILDING SUPPORT OF THE HOSPITAL WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BETHESDA HOSPITAL FOUNDATION, CELEBRATING OVER 65 YEARS OF SERVICE RAISES FUNDS TO PROVIDE WORLD-CLASS HEALTHCARE IN OUR COMMUNITY. WITH BETHESDA'S EXPANDING ROLE AS A LEADER IN REGIONAL HEALTHCARE AND THE DRAMATIC GROWTH IN THE COMMUNITY WE SERVE, BETHESDA'S PLANS HAVE RAPIDLY PROGRESSED WITH THE OPENING OF PALM BEACH COUNTY'S NEWEST HOSPITAL IN JANUARY 2013. WITH COMMUNITY SUPPORT, BETHESDA WILL PREPARE FOR THE FUTURE AND ENSURE QUALITY CARE FOR EACH AND EVERY RESIDENT IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $736,203 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,766,228 |
| Noncash contributions included in lines 1a–1f | $714,677 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,502,431 |
| Total Program Service Revenue | $0 |
| Investment income | $547,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,115 |
| Net Gain/Loss on Asset Sales | $2,692,464 |
| Net Income from Fundraising Events | -$81,015 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,727,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,918,351 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,256 |
| Pension plan accruals and contributions | $19,626 |
| Other employee benefits | $39,319 |
| Payroll taxes | $34,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $306 |
| 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 | $288,750 |
| Advertising and promotion | $6,748 |
| Office expenses | $33,901 |
| Information technology | $35,638 |
| Royalties | $0 |
| Occupancy | $7,363 |
| Travel | $0 |
| 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 | $6,563 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,092,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Bethesda Hospital Foundation Inc has awarded $3,010,446 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boynton Beach, FL PURPOSE: TO MEET THE HEALTHCARE NEEDS OF THE COMMUNITY. | $2,562,724 |
Boynton Beach, FL PURPOSE: TO MEET THE HEALTHCARE NEEDS OF THE COMMUNITY. | $447,722 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bethesda Hospital Foundation Inc has recieved totaling $23,392.
| Awarding Organization | Amount |
|---|---|
George T & Joan M Beck Foundation Inc Ocean Ridge, FL PURPOSE: GENERAL | $18,392 |
Ponagansett Foundation Inc Harrison, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $26,826,958 |
| Earnings | $5,366,289 |
| Other Expense | $284,466 |
| Ending Balance | $31,908,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stephens County Hospital Authority Toccoa, GA | $31,750,136 | $50,289,631 |
Bacon County Health Services Inc Alma, GA | $58,017,559 | $55,115,427 |
Donalsonville Hospital Inc Donalsonville, GA | $42,317,264 | $44,552,738 |
Taylor Regional Hospital Hawkinsville, GA | $27,030,419 | $40,495,793 |
Good Samaritan Hospital Inc Greensboro, GA | $59,786,458 | $36,297,937 |
Chatuge Regional Hospital Inc Hiawassee, GA | $18,176,211 | $37,180,775 |
Fishermens Health Inc Marathon, FL | $36,340,894 | $29,680,090 |
Baker County Medical Services Inc Macclenny, FL | $43,060,539 | $33,154,487 |
Russellville Hospital Inc Russellville, AL | $10,029,714 | $26,432,970 |
University Mcduffie County Regional Medical Center Inc Augusta, GA | $54,263,219 | $30,087,839 |
Richmond County Hospital Authority University Hospital Augusta, GA | $132,466,989 | $24,276,028 |
Escambia County Alabama Community Hospitals Inc Atmore, AL | $12,708,319 | $26,804,121 |