Jupiter Medical Center Foundation Inc
- Assets
- $160.9m
- Revenue
- $61.5m
- Investments
- $10.9m
- Employees
- 21
- Location
- Jupiter, FL
- Founding
- 06/2007
- Data as of
- 09/2021
- EIN
- 65-0132406
Organization Overview
Jupiter Medical Center Foundation Inc is located in Jupiter, FL. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Jupiter Medical Center Foundation Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jupiter Medical Center 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 09/2021, Jupiter Medical Center Foundation Inc generated $61.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $48.8m during the year ending 09/2021. 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
TO SECURE THE FINANCIAL RESOURCES REQUIRED TO SUSTAIN CLINICAL EXCELLENCE AND QUALITY OF CARE AT JUPITER MEDICAL CENTER, INC. & ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JUPITER MEDICAL CENTER FOUNDATION, INC. SUPPORTS AND PROMOTES HEALTH CARE BY PROVIDING FINANCIAL AND VOLUNTEER PATIENT ASSISTANCE TO RELATED ORGANIZATIONS INCLUDING JUPITER MEDICAL CENTER, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venue Advertising Inc Printing | 9/29/21 | $252,785 |
Frost Lighting Of Fl Inc Event Design | 9/29/21 | $100,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $382,155 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,415,487 |
| Noncash contributions included in lines 1a–1f | $3,984,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,797,642 |
| Total Program Service Revenue | $0 |
| Investment income | $1,843,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,979,989 |
| Net Income from Fundraising Events | -$141,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,479,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,303,333 |
| 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. | $370,363 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,594,610 |
| Pension plan accruals and contributions | $43,380 |
| Other employee benefits | $75,443 |
| Payroll taxes | $157,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,082 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $236,993 |
| Fees for services: Other | $481,929 |
| Advertising and promotion | $173,742 |
| Office expenses | $53,328 |
| Information technology | $72,390 |
| Royalties | $0 |
| Occupancy | $30,755 |
| Travel | $789 |
| 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 | $13,264 |
| Insurance | $0 |
| All other expenses | $101,038 |
| Total functional expenses | $48,794,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,363,129 |
| Pledges and grants receivable | $39,152,221 |
| 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 | $290,356 |
| Net Land, buildings, and equipment | $73,812 |
| Investments—publicly traded securities | $83,106,099 |
| Investments—other securities | $10,892,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,255 |
| Total assets | $160,882,045 |
| Accounts payable and accrued expenses | $584 |
| 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 | $658,365 |
| Total liabilities | $658,949 |
| Net assets without donor restrictions | $77,607,282 |
| Net assets with donor restrictions | $82,615,814 |
| 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 | $160,882,045 |
Grants Awarded
Over the last fiscal year, Jupiter Medical Center Foundation Inc has awarded $40,139,931 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jupiter, FL PURPOSE: General Program Expense; for additions to property and equipment | $35,355,224 |
Jupiter, FL PURPOSE: General Program Expense | $4,784,707 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Jupiter Medical Center Foundation Inc has recieved totaling $110,500.
| Awarding Organization | Amount |
|---|---|
Caswell F Holloway Jr And Marie B Holloway Foundation Singer Island, FL PURPOSE: TO PROVIDE FUNDS TO FULFILL THE CRITICAL HEALTHCARE NEEDS OF THE LOCAL COMMUNITY | $50,000 |
Martha And Warren Halle Foundationinc Silver Spring, MD PURPOSE: TO BENEFIT SICK CHILDREN | $25,000 |
Ira And Maryjo Sherman Family Foundation Inc Palm Beach Gardens, FL PURPOSE: GENERAL | $15,000 |
Nacchio Foundation Inc Jupiter, FL PURPOSE: GENERAL SUPPORT | $5,500 |
John C And Mary Jane Howard Foundation Richland, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Heichemer Fam Foundation Inc Jupiter, FL PURPOSE: EXEMPT PROGRAMS OF PUBLIC CHARITY | $5,000 |
Endowment Analysis
| Beg. Balance | $12,694,499 |
| Earnings | $2,744,398 |
| Net Contributions | $2,077,774 |
| Other Expense | $88,137 |
| Ending Balance | $17,428,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Miami Foundation Inc Miami, FL | $460,864,709 | $147,324,669 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Jupiter Medical Center Foundation Inc Jupiter, FL | $160,882,045 | $61,479,471 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Trustbridge Global Foundation Usa Inc Clearwater, FL | $68,735,703 | $42,627,282 |
Blue Cross And Blue Shield Of Florida Foundation Inc Jacksonville, FL | $500,668,406 | $165,069,947 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |