Baptist Health Of South Florida Inc
- Assets
- $6.8b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 20,092
- Location
- Coral Gables, FL
- Founding
- 01/1992
- Data as of
- 09/2019
- EIN
- 65-0267668
Organization Overview
Baptist Health Of South Florida Inc is located in Coral Gables, FL. The organization was established in 1992. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2019, Baptist Health Of South Florida Inc employed 20,092 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Baptist Health Of South Florida Inc generated $1.3b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $695.5m during the year ending 09/2019. While expenses have increased by 1.6% 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, Baptist Health Of South Florida Inc has awarded 370 individual grants totaling $38,109,982. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Navigant Consulting Inc Consulting Services | 9/29/19 | $13,586,373 |
Cerner Corporation Software Support | 9/29/19 | $27,242,656 |
Iba Proton Therapy Inc Medical Equipment Support | 9/29/19 | $8,808,750 |
Microsoft Corporation Software Support | 9/29/19 | $8,319,652 |
Presidio Networked Solutions Software Support | 9/29/19 | $9,555,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,462,493 |
| Investment income | $71,666,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,615,825 |
| Net Gain/Loss on Asset Sales | $40,455,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,294,005,107 |
| Statement of Expenses | |
|---|---|
| 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. | $10,209,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,267,044 |
| Pension plan accruals and contributions | $9,335,811 |
| Other employee benefits | $22,164,230 |
| Payroll taxes | $14,352,797 |
| Fees for services: Management | -$7,979,022 |
| Fees for services: Legal | $8,722,356 |
| Fees for services: Accounting | $1,374,943 |
| Fees for services: Lobbying | $446,996 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,527,462 |
| Fees for services: Other | $41,948,266 |
| Advertising and promotion | $27,921,638 |
| Office expenses | $6,888,829 |
| Information technology | $96,958,413 |
| Royalties | $0 |
| Occupancy | $12,304,460 |
| Travel | $1,720,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,276 |
| Interest | $11,175,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,268,323 |
| Insurance | $64,382,240 |
| All other expenses | $0 |
| Total functional expenses | $695,510,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,276,307 |
| 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 | $66,821,597 |
| Inventories for sale or use | $10,489,635 |
| Prepaid expenses and deferred charges | $31,671,356 |
| Investments—publicly traded securities | $3,138,980,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,927,289,515 |
| Total assets | $6,800,060,279 |
| Accounts payable and accrued expenses | $274,295,272 |
| 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 | $1,813,217,257 |
| Total liabilities | $2,087,512,529 |
| Net assets without donor restrictions | $4,633,673,269 |
| Net assets with donor restrictions | $62,048,140 |
| Capital stock or trust principal, or current funds | $16,826,341 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,712,547,750 |
Grants Awarded
Over the last fiscal year, Baptist Health Of South Florida Inc has awarded $4,516,200 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: Contributions | $1,000,000 |
Miami, FL PURPOSE: Contributions | $682,000 |
Homestead, FL PURPOSE: Contributions | $468,000 |
SOUTH MIAMI CHILDRENS CLINIC PURPOSE: Contributions | $250,000 |
Palmetto Bay, FL PURPOSE: Contributions | $185,000 |
Tavernier, FL PURPOSE: Contributions | $178,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Baptist Health Of South Florida Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Huizenga Family Foundation Inc Boca Raton, FL PURPOSE: FINANCIAL ASSISTANCE | $50,000 |
Chester Kitchings Family Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
| Beg. Balance | $1,377,209 |
| Net Contributions | $3,166,230 |
| Ending Balance | $4,543,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Of South Florida Inc Coral Gables, FL | $6,800,060,279 | $1,294,005,107 |
Anc Healthcare Inc Winter Park, FL | $342,432,322 | $16,442,127 |
Baycare Health Systems Inc Clearwater, FL | $6,226,593,311 | $818,608,318 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $174,603,605 | $443,031,050 |
Orlando Health Medical Group Inc Orlando, FL | $56,252,552 | $255,061,880 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Gulf Health Hospitals Inc Mobile, AL | $222,273,291 | $261,562,236 |
Health First Shared Services Inc Rockledge, FL | $1,106,623,021 | $279,445,215 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $33,520,552 | $202,961,239 |
Baptist Health System Inc Jacksonville, FL | $385,417,195 | $182,762,120 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $420,012,464 | $266,376,815 |