Sharp Memorial Hospital
- Assets
- $3.9b
- Revenue
- $1.5b
- Investments
- $0.0
- Employees
- 5,515
- Location
- San Diego, CA
- Founding
- 01/1984
- Data as of
- 09/2021
- EIN
- 95-3782169
Organization Overview
Sharp Memorial Hospital is located in San Diego, CA. The organization was established in 1984. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Sharp Memorial Hospital employed 5,515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Memorial Hospital 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, Sharp Memorial Hospital generated $1.5b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.2b during the year ending 09/2021. While expenses have increased by 3.9% 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.
Since 2015, Sharp Memorial Hospital has awarded 44 individual grants totaling $5,340,487. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SHARP MEMORIAL HOSPITAL PROVIDES COMPREHENSIVE MEDICAL SERVICES TO THE SAN DIEGO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARP MEMORIAL HOSPITAL PROVIDES INPATIENT AND OUTPATIENT HEALTHCARE SERVICES TO THE COMMUNITY. FOR FISCAL YEAR 2021, PATIENT DAYS TOTALED 203,415 AND OUTPATIENT VISITS TOTALED 328,832. SEE COMMUNITY BENEFITS REPORT ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Evp Hospital Ops Shc | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,404,244 |
| Government grants | $21,590,646 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $122,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,994,890 |
| Total Program Service Revenue | $1,375,813,004 |
| Investment income | $31,625,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,752,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,514,036,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $616,534 |
| 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. | $5,072,896 |
| Compensation of current officers, directors, key employees. | $2,689,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $477,201,144 |
| Pension plan accruals and contributions | $20,091,045 |
| Other employee benefits | $61,898,662 |
| Payroll taxes | $34,513,281 |
| Fees for services: Management | $30,541,428 |
| Fees for services: Legal | $1,931,690 |
| Fees for services: Accounting | $12,722,292 |
| Fees for services: Lobbying | $74,779 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,050,753 |
| Fees for services: Other | $86,390,061 |
| Advertising and promotion | $7,801,803 |
| Office expenses | $33,911,408 |
| Information technology | $61,263,230 |
| Royalties | $0 |
| Occupancy | $17,581,385 |
| Travel | $615,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,583,157 |
| Interest | $9,072,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,703,386 |
| Insurance | $5,978,388 |
| All other expenses | $4,355,712 |
| Total functional expenses | $1,232,494,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,141,031 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,548,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,597,679 |
| Prepaid expenses and deferred charges | $7,866,488 |
| Net Land, buildings, and equipment | $422,232,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,130,180,644 |
| Total assets | $3,875,566,851 |
| Accounts payable and accrued expenses | $160,451,948 |
| Grants payable | $0 |
| Deferred revenue | $41,329 |
| 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 | $355,975,619 |
| Total liabilities | $516,468,896 |
| Net assets without donor restrictions | $3,359,097,955 |
| 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 | $3,875,566,851 |
Grants Awarded
Over the last fiscal year, Sharp Memorial Hospital has awarded $603,734 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA HEALTH FOUNDATION & TRUST PURPOSE: Medi-Cal Program | $539,734 |
Chicago, IL PURPOSE: Annual Sponsorship | $32,500 |
San Diego, CA PURPOSE: PROVIDES PRIMARY COMMUNITY MENTAL HEALTH AND MEDICAL CARE | $31,500 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sharp Memorial Hospital has recieved totaling $7,559,311.
| Awarding Organization | Amount |
|---|---|
Sharp Healthcare Foundation San Diego, CA PURPOSE: PROGRAM SUPPORT | $7,245,523 |
University Of Pittsburgh Pittsburgh, PA PURPOSE: RESEARCH- SUBCONTRACT | $86,074 |
Council Of Community Clinics San Diego, CA PURPOSE: COVID PANDEMIC | $61,826 |
Council Of Community Clinics San Diego, CA PURPOSE: COVID PANDEMIC | $61,826 |
Donald N Sharp Memorial Community Hospital Auxiliary San Diego, CA PURPOSE: SMH A DEROSE WEST WING PLEDGE | $50,000 |
Donald N Sharp Memorial Community Hospital Auxiliary San Diego, CA PURPOSE: CAPITAL CAMPAIGN FOR NEW EQUIPMENT | $12,163 |
Endowment Analysis
| Beg. Balance | $7,319,817 |
| Earnings | $744,440 |
| Net Contributions | $70,854 |
| Other Expense | $6,535 |
| Ending Balance | $8,128,576 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Port City Operating Company Llc Rancho Cordova, CA | $716,107,160 | $692,763,447 |
Yuma Regional Medical Center Yuma, AZ | $1,228,382,728 | $741,860,053 |
The Hospital Committee For The Livermore-Pleasanton Areas Livermore, CA | $347,907,183 | $360,769,019 |
Wyoming Medical Center Inc Phoenix, AZ | $279,059,082 | $279,752,645 |
Cfhs Holdings Inc Marina Del Rey, CA | $147,959,387 | $136,116,103 |
Hayward Sisters Hospital Hayward, CA | $71,008,487 | $118,634,519 |
Siskiyou Hospital Inc Yreka, CA | $82,691,725 | $102,051,246 |
Usc Verdugo Hills Hospital Glendale, CA | $165,951,606 | $75,528,918 |
Saint Alphonsus Medical Center- Ontario Inc Ontario, OR | $100,480,171 | $82,404,925 |