Ocean Reef Medical Center Foundation Inc

Organization Overview

Ocean Reef Medical Center Foundation Inc is located in Key Largo, FL. The organization was established in 1994. 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. Ocean Reef 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 06/2021, Ocean Reef Medical Center Foundation Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2021. While expenses have increased by 6.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT CHARITABLE UNDERTAKING OF THE MEDICAL CENTER AT OCEAN REEF, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SERVES AS A SUPPORTING ORGANIZATION TO BENEFIT THE MEDICAL CENTER AT OCEAN REEF, INC. AND OTHER NON PROFIT ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Adelaide Skoglund
Chairman
$0
Dan Harding
Vice Chairman
$0
Christina Fisher
Secretary
$0
Tom Davidson
Vice Chairman
$0
Dominic Di Napoli
Treasurer
$0
Steve Parker
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$144,400
Fundraising events$55,000
Related organizations$0
Government grants $12,209
All other contributions, gifts, grants, and similar amounts not included above$4,873,686
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,085,295
Total Program Service Revenue$0
Investment income $675,491
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,123,514
Net Income from Fundraising Events $456,271
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,344,677

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ocean Reef Medical Center Foundation Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Slattery Family Foundation Inc

Key Largo, FL

PURPOSE: TO PROVIDE CARING AND PROFESSIONAL MEDICAL SERVICES AND HEALTH EDUCATION TO THE OCEAN REEF COMMUNITY.

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$112,469
Earnings$1,007
Ending Balance$113,476

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