Prime Healthcare Foundation Inc
- Assets
- $2.0b
- Revenue
- $878.5m
- Investments
- $146.3m
- Employees
- 6,696
- Location
- Ontario, CA
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 20-8065139
Organization Overview
Prime Healthcare Foundation Inc is located in Ontario, CA. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Prime Healthcare Foundation Inc employed 6,696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prime Healthcare 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 12/2022, Prime Healthcare Foundation Inc generated $878.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $908.5m during the year ending 12/2022. While expenses have increased by 10.0% 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.
Since 2014, Prime Healthcare Foundation Inc has awarded 31 individual grants totaling $30,656,282. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE THROUGH HOSPITAL SERVICES TO COMMUNITIES ACCROSS THE UNITED STATES.
Describe the Organization's Program Activity:
OPERATION OF A 331-BED ACUTE CARE HOSPITAL LOCATED IN RIVERDALE, GEORGIA THROUGH PRIME HEALTHCARE FOUNDATION - SOUTHERN REGIONAL, LLC, A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES.
PRIME HEALTHCARE FOUNDATION - BCICEXPENSES $ 21,871,210. INCLUDING GRANTS OF $ 0. REVENUE $ 30,358,601.PRIME HEALTHCARE FOUNDATION - COSHOCTON, LLCEXPENSES $ 51,786,683. INCLUDING GRANTS OF $ 0. REVENUE $ 54,340,270.PRIME HEALTHCARE SERVICES - ENCINO HOSPITAL, LLCEXPENSES $ 59,863,129. INCLUDING GRANTS OF $ 0. REVENUE $ 62,625,841.PRIME HEALTHCARE FOUNDATION - GRANTSEXPENSES $ -439,964. INCLUDING GRANTS OF $ 5,000. REVENUE $ 236,797.EAST VALLEY GLENDORA HOSPITAL, LLCEXPENSES $ -98,837. INCLUDING GRANTS OF $ 0. REVENUE $ 59,501.PRIME HEALTHCARE HUNTINGTON BEACH, LLCEXPENSES $ 68,234,640. INCLUDING GRANTS OF $ 5,000. REVENUE $ 67,014,243.PRIME HEALTHCARE LA PALMA, LLCEXPENSES $ 59,366,539. INCLUDING GRANTS OF $ 1,550. REVENUE $ 58,672,444.PRIME HEALTHCARE FOUNDATION - LAKE HURON CLINICS, LLCEXPENSES $ 437,895. INCLUDING GRANTS OF $ 0. REVENUE $ -300,625.LANDMARK PHYSICIAN SERVICESEXPENSES $ 4,573,921. INCLUDING GRANTS OF $ 0. REVENUE $ 2,117,804.PRIME HEALTHCARE SERVICES - MONTCLAIR, LLCEXPENSES $ 61,295,902. INCL GRANTS OF $ 4,200. REVENUE $ 64,172,516.PRIME HEALTHCARE SERVICES - PAMPA LLCEXPENSES $ 49,722,842. INCLUDING GRANTS OF $ 500. REVENUE $ 38,653,793.PRIME HEALTHCARE FOUNDATION - REAL ESTATE, LLCEXPENSES $ -11,047,245. INCLUDING GRANTS OF $ 0. REVENUE $ 0.REHABILITATION HOSPITAL OF RHODE ISLANDEXPENSES $ 877,588. INCLUDING GRANTS OF $ 0. REVENUE $ 195,396.RIVER VALLEY PHYSICIANS, LLCEXPENSES $ 9,696,402. INCLUDING GRANTS OF $ 0. REVENUE $ 7,590,543.SAINT MARY'S RENO FOUNDATION, LLCEXPENSES $ 347,084. INCLUDING GRANTS OF $ 27,703. REVENUE $ 15,594.SOUTHERN REGIONAL PHYSICIANS' MANAGEMENT GROUPEXPENSES $ 8,553,504. INCLUDING GRANTS OF $ 0. REVENUE $ 5,336,810.PRIME HEALTHCARE FOUNDATION - SUBURBAN HOSPITAL, LLCEXPENSES $ 66,757,078. INCLUDING GRANTS OF $ 3,300. REVENUE $ 47,800,923.SUBURBAN MEDICAL GROUP, LLCEXPENSES $ 8,053,537. INCLUDING GRANTS OF $ 0. REVENUE $ 4,058,616.
OPERATION OF A 214-BED ACUTE CARE HOSPITAL LOCATED IN WOONSOCKET, RHODE ISLAND THROUGH PRIME HEALTHCARE FOUNDATION - LANDMARK, LLC, A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES.
OPERATION OF A 153-BED ACUTE CARE HOSPITAL LOCATED IN SHERMAN OAKS, CALIFORNIA THROUGH PRIME HEALTHCARE FOUNDATION - SHERMAN OAKS, LLC, A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kavitha Bhatia MD President/chairman | OfficerTrustee | 1 | $0 |
William Ruh Board Member | Trustee | 1 | $4,000 |
Eugene Hernandez Board Member | Trustee | 1 | $4,000 |
David Thorson Board Member | Trustee | 1 | $4,000 |
Catherine Green Board Member | Trustee | 1 | $4,000 |
Steve Aleman CFO | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dpi Management Company Llc Anesthesia Services Provider | 12/30/22 | $2,616,982 |
Hallmark Health Care Solutions Registry Nursing Services | 12/30/22 | $17,953,782 |
Landmark Anesthesia Medical Group Anesthesia Services Provider | 12/30/22 | $2,001,384 |
Cgs Administrators Llc Medicare Services | 12/30/22 | $2,184,700 |
South Pacific Rehabilitation Services Ip, Op, Pt, Ot, And Speech Therapy Servi | 12/30/22 | $1,835,595 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,350,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,041,416 |
| Noncash contributions included in lines 1a–1f | $30,734,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,391,959 |
| Total Program Service Revenue | $807,182,150 |
| Investment income | $13,717,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,396,288 |
| Net Gain/Loss on Asset Sales | $8,145,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $878,520,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,798 |
| 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. | $898,799 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,817,836 |
| Pension plan accruals and contributions | $2,311,169 |
| Other employee benefits | $46,541,672 |
| Payroll taxes | $22,812,274 |
| Fees for services: Management | $41,411,890 |
| Fees for services: Legal | $5,155,367 |
| Fees for services: Accounting | $782,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,584,195 |
| Advertising and promotion | $955,796 |
| Office expenses | $2,013,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,762,305 |
| Travel | $292,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $265,962 |
| Interest | $17,888,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,832,077 |
| Insurance | $26,603,374 |
| All other expenses | $18,312,765 |
| Total functional expenses | $908,472,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,763,917 |
| Pledges and grants receivable | -$96,950 |
| Accounts receivable, net | $199,061,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,773,410 |
| Prepaid expenses and deferred charges | $3,890,075 |
| Net Land, buildings, and equipment | $305,403,662 |
| Investments—publicly traded securities | $571,458,565 |
| Investments—other securities | $146,259,573 |
| Investments—program-related | $0 |
| Intangible assets | $3,560,669 |
| Other assets | $683,474,364 |
| Total assets | $2,028,549,202 |
| Accounts payable and accrued expenses | $110,898,294 |
| Grants payable | $0 |
| Deferred revenue | $2,544,826 |
| Tax-exempt bond liabilities | $246,082,385 |
| 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 | $4,189,242 |
| Other liabilities | $916,469,150 |
| Total liabilities | $1,280,183,897 |
| Net assets without donor restrictions | $745,297,855 |
| Net assets with donor restrictions | $3,067,450 |
| 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 | $2,028,549,202 |
Grants Awarded
Over the last fiscal year, Prime Healthcare Foundation Inc has awarded $183,582 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLAREMONT GRADUATE UNIVERSITY PURPOSE: SUPPORT THE YUHAAVIATAM CENTER FOR HEALTH STUDIES | $150,000 |
RIVER VIEW LOCAL SCHOOLS PURPOSE: BACKPACK WITH SUPPLIES PROGRAM | $33,582 |