Jupiter Medical Center Foundation Inc
- Assets
- $149.7m
- Revenue
- $54.7m
- Investments
- $4.9m
- Employees
- 22
- Location
- Jupiter, FL
- Founding
- 06/2007
- Data as of
- 09/2023
- 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 09/2023, Jupiter Medical Center Foundation Inc employed 22 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 09/2023, Jupiter Medical Center Foundation Inc generated $54.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $37.0m during the year ending 09/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
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 Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Breakers Palm Beach Inc Event Production | 9/29/23 | $206,934 |
Frost Lighting Of Fl Inc Event Production | 9/29/23 | $187,776 |
Lindauer Talent Search | 9/29/23 | $142,553 |
Special Event Resource And Design Group Event Production | 9/29/23 | $168,200 |
Ryan Williams Agency Advertising | 9/29/23 | $124,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,426,710 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,080,106 |
| Noncash contributions included in lines 1a–1f | $3,986,880 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,506,816 |
| Total Program Service Revenue | $0 |
| Investment income | $2,593,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$809,596 |
| Net Income from Fundraising Events | -$584,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,705,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,609,962 |
| 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. | $502,136 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $183,757 |
| Other salaries and wages | $2,231,122 |
| Pension plan accruals and contributions | $66,461 |
| Other employee benefits | $184,876 |
| Payroll taxes | $203,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $219,631 |
| Fees for services: Other | $1,103,609 |
| Advertising and promotion | $81,725 |
| Office expenses | $141,408 |
| Information technology | $118,733 |
| Royalties | $0 |
| Occupancy | $44,522 |
| Travel | $15,354 |
| 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 | $27,819 |
| Insurance | $0 |
| All other expenses | $28,376 |
| Total functional expenses | $36,960,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,267,699 |
| Pledges and grants receivable | $48,151,216 |
| 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 | $1,032,291 |
| Net Land, buildings, and equipment | $206,551 |
| Investments—publicly traded securities | $60,969,969 |
| Investments—other securities | $4,885,121 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $231,068 |
| Total assets | $149,743,915 |
| Accounts payable and accrued expenses | $131,954 |
| 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 | $185,330 |
| Total liabilities | $317,284 |
| Net assets without donor restrictions | $66,811,298 |
| Net assets with donor restrictions | $82,615,333 |
| 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 | $149,743,915 |
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 MEDICAL CENTER INC PURPOSE: General Program Expense; for additions to property and equipment | $35,355,224 |
JUPITER MEDICAL CENTER PHYSICIANS GROUP INC PURPOSE: General Program Expense | $4,784,707 |