Satellite Healthcare Inc
- Assets
- $530.4m
- Revenue
- $183.0m
- Investments
- $14.1m
- Employees
- 2,935
- Location
- San Jose, CA
- Founding
- 11/1973
- Data as of
- 12/2022
- EIN
- 23-7290564
Organization Overview
Satellite Healthcare Inc is located in San Jose, CA. The organization was established in 1973. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Satellite Healthcare Inc employed 2,935 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Satellite Healthcare 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, Satellite Healthcare Inc generated $183.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $304.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Satellite Healthcare Inc has awarded 106 individual grants totaling $21,664,124. 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
SINCE 1973, THE MISSION HAS BEEN TO MAKE LIFE BETTER FOR THOSE WITH KIDNEY DISEASE BY SUPPORTING RESEARCH, PROVIDING EDUCATION, AND ENSURING ACCESS TO CARE FOR THOSE AFFECTED.
Describe the Organization's Program Activity:
KIDNEY DIALYSIS IN-CENTER CHRONIC KIDNEY DISEASE ("CKD") IS A PUBLIC HEALTH PROBLEM IN THE UNITED STATES THAT IMPACTS APPROXIMATELY 37 MILLION AMERICANS. IT IS WELL KNOWN THAT HYPERTENSION AND DIABETES ARE TWO LEADING CAUSES OF KIDNEY FAILURE. THE 2021 UNITED STATES RENAL DATA SYSTEM REPORT SHOWS THAT OVER 808,536 AMERICANS WHO LIVE WITH END STAGE RENAL DISEASE ("ESRD"), CLOSE TO 69.0% ARE TREATED BY DIALYSIS AND 31% WITH A KIDNEY TRANSPLANT. SATELLITE HEALTHCARE OWNS AND OPERATES 94 IN-CENTER HEMODIALYSIS FACILITIES (SATELLITE DIALYSIS) AND HOME DIALYSIS TRAINING CENTERS (WELLBOUND) PROVIDING A VARIETY OF TREATMENT OPTIONS TO OUR PATIENTS. IN 2022, SATELLITE HEALTHCARE PROVIDED OVER 1,527,647 DIALYSIS TREATMENTS AND SERVICES TO OVER 8,538 PATIENTS IN CALIFORNIA, TEXAS, NEW JERSEY, AND TENNESSEE.PERITONEAL DIALYSIS AND HOME HEMO CENTER: WELLBOUND, A SATELLITE HEALTHCARE COMPANY, IS THE FIRST HEALTHCARE SERVICES COMPANY TO SPECIALIZE IN THE DELIVERY AND SUPPORT OF DAILY HOME DIALYSIS THERAPIES THROUGH FREE-STANDING, PATIENT-FRIENDLY CENTERS OF EXCELLENCE. OUR UNIQUE CARE MODEL IS BUILT ON THE PREMISE THAT EARLY-STAGE PATIENT EDUCATION IS THE FIRST STEP IN AN EFFECTIVE TREATMENT PROGRAM. AS SUCH, WE DEDICATE SIGNIFICANT RESOURCES TO REACHING PATIENTS BEFORE THEY REQUIRE DIALYSIS. ONCE DIALYSIS IS REQUIRED, WELLBOUND'S GOAL IS TO ENABLE NEPHROLOGISTS TO EASILY OFFER SELF-CARE (HOME) DIALYSIS THERAPIES TO THEIR PATIENTS. WE STRIVE TO EMPOWER PATIENTS TO TAKE CHARGE OF THEIR HEALTH AND EXPERIENCE THE CLINICAL AND QUALITY OF LIFE BENEFITS ASSOCIATED WITH SELF-CARE DIALYSIS. SEE ALSO COMMUNITY BENEFIT REPORT BELOW:WE REMAINED TRUE TO OUR GOAL OF PROVIDING THE HIGHEST QUALITY, PATIENT-CENTERED CARE AND NEVER RESTED ON ITS LAURELS. AT OUR 94 CENTERS, WE PROVIDED MORE THAN 1.5 MILLION DIALYSIS TREATMENTS IN 2022. OUR PATIENTS AND REGULATORS EXPRESSED HIGH PRAISE FOR OUR EFFORTS. AN ANNUAL PATIENT EXPERIENCE SURVEY CONDUCTED BY THE CENTERS FOR MEDICARE AND MEDICAID (CMS) IN SPRING 2022 SHOWED THAT 87 PERCENT OF SATELLITE CENTERS WERE RATED 4 OR 5 STARS. IN THE 5-STAR RATINGS FOR QUALITY AWARDED BY CMS, 62 PERCENT OF OUR CENTERS ACHIEVED 4 OR 5 STARS. THESE RATINGS ARE NO SMALL FEAT AND REFLECT THE SENTIMENTS OF IMPORTANT AND INFLUENTIAL AUDIENCES.IN 2022, WE OPENED NEW DIALYSIS CENTERS IN HONOLULU, MOUNTAIN VIEW, SAN JOSE AND SACRAMENTO, CALIFORNIA SO MORE KIDNEY PATIENTS CAN EXPERIENCE THE CARE DELIVERED AT SATELLITE. SATELLITE HEALTHCARE ACQUIRED 4 KIDNEY CENTERS IN GEORGIA AND SOUTH CAROLINA. IN THE YEAR 2022, TWO NEW BUSINESS VENTURES NEW DAY NUTRITION AND NATIONAL NEPHROLOGY ALLIANCE WERE ALSO STARTED.WE ALSO LEND OUR EXPERTISE, AND FOR A FEE, MANAGE TWO DIALYSIS CENTERS IN HAWAII AND ONE IN TEXAS, WHILE PERFORMING BILLING SERVICES FOR A DIALYSIS CENTER IN SAN DIEGO AND ONE OTHER IN CALIFORNIA. INTEGRAL TO OUR WORK IS ADVOCATING FOR PATIENTS REGARDING CARE AND COVERAGE. THE DEPARTMENT OF HEALTH AND HUMAN SERVICES AND THE SOCIAL SECURITY ADMINISTRATION IMPLEMENTED INDEFINITE MEDICARE PART B COVERAGE OF IMMUNOSUPPRESSIVE DRUGS FOR KIDNEY TRANSPLANT RECIPIENTS. THIS LEGISLATIVE VICTORY IS THE DIRECT RESULT OF ADVOCACY BY SATELLITE HEALTHCARE, PATIENTS, CAREGIVERS, HEALTHCARE PROFESSIONALS AND THE KIDNEY COMMUNITY AT LARGE. OCTOBER 2022 MARKED THE START OF ENROLLMENT IN THIS NEW BENEFIT.IN 2022, OUR CHARITABLE CONTRIBUTIONS TOTALED $12.4 MILLION. SATELLITE HEALTHCARE SUPPORTED 14 COMMUNITY EVENTS HOSTED BY NOT-FOR-PROFIT ORGANIZATIONS THAT ARE WORKING WONDERS IN THEIR LOCAL COMMUNITIES TO IMPROVE THE HEALTH AND WELL-BEING OF RESIDENTS. THESE ACTIVITIES ALLOWED US TO COLLABORATE WITH LONGTIME COMMUNITY PARTNERS LIKE THE AMERICAN KIDNEY FUND AND THE NATIONAL KIDNEY FOUNDATION ON EDUCATIONAL OPPORTUNITIES AND ADVOCACY EFFORTS, AMONG OTHERS. ADDITIONALLY, WE PROVIDED SCHOLARSHIPS, INTERNSHIPS AND FELLOWSHIPS. WE HOSTED OUR HOME DIALYSIS ACADEMY OF EXCELLENCE, WHICH BRINGS 26 NEPHROLOGY FELLOWS FROM AROUND THE COUNTRY TO SATELLITE TO GARNER TRAINING ON HOME DIALYSIS. ROBUST COLLEGE INTERNSHIPS ALLOWED 59 STUDENTS TO LEARN ABOUT VARIOUS ASPECTS OF SATELLITE FROM NUTRITION TO NURSING. IN FACT, WE HOSTED FOUR NURSING STUDENTS FROM DILLARD UNIVERSITY IN NEW ORLEANS, EXPOSING THEM TO ALL FACETS OF KIDNEY CARE, IN THE HOPE THEY WILL BECOME NEPHROLOGY NURSES. THE STORIES WE HEAR FROM OUR COMMUNITY-BASED EFFORTS ARE AMAZING AND WE SEE THE RIPPLE EFFECT, AS THE PEOPLE WE HELP PASS ON THE BENEFITS OF THAT INVESTMENT BY HELPING OTHERS.
PATIENT AND COMMUNITY PROGRAMS INCLUDED: RESEARCH PROGRAMS: $4,220,768RESEARCH GRANTS: $140,861SEE THE COMMUNITY BENEFIT REPORT IN SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Goffman President & CEO | OfficerTrustee | 40 | $1,532,082 |
Christobel Selecky Chairman | Trustee | 4 | $139,054 |
Luis Alvarez Director | Trustee | 3 | $106,551 |
Glen Chertow Director | Trustee | 3 | $90,000 |
Robert Fahlman Director | Trustee | 3 | $86,688 |
John Panetta Director | Trustee | 3 | $82,656 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Speridian Technologies It Consulting | 12/30/22 | $1,509,173 |
Epstein Becker & Greens Pc Legal | 12/30/22 | $686,200 |
Wyatt Tarrant & Combs Llp Legal | 12/30/22 | $640,005 |
Housekeeping Support Services Llc Janitorial | 12/30/22 | $601,369 |
World Building Service Janitorial | 12/30/22 | $578,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,242,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,242,075 |
| Total Program Service Revenue | $194,042,421 |
| Investment income | $3,249,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,269,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,983,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $651,835 |
| 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. | $5,358,139 |
| Compensation of current officers, directors, key employees. | $5,358,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,836,669 |
| Pension plan accruals and contributions | $5,462,452 |
| Other employee benefits | $25,192,680 |
| Payroll taxes | $8,280,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,443,021 |
| Fees for services: Accounting | $555,477 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,176,081 |
| Advertising and promotion | $1,661,187 |
| Office expenses | $10,438,206 |
| Information technology | $7,882,722 |
| Royalties | $0 |
| Occupancy | $22,217,821 |
| Travel | $3,929,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,154 |
| Interest | $523,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,715,463 |
| Insurance | $1,505,594 |
| All other expenses | $2,144,686 |
| Total functional expenses | $304,278,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,857,681 |
| Savings and temporary cash investments | $2,263,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,944,828 |
| Loans from Officers, Directors, or Controlling Persons | $500,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,857,472 |
| Prepaid expenses and deferred charges | $6,563,854 |
| Net Land, buildings, and equipment | $87,412,396 |
| Investments—publicly traded securities | $84,728,658 |
| Investments—other securities | $14,129,001 |
| Investments—program-related | $179,202,650 |
| Intangible assets | $6,369,999 |
| Other assets | $98,570,592 |
| Total assets | $530,400,810 |
| Accounts payable and accrued expenses | $56,769,389 |
| 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 | $48,615,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,471,669 |
| Total liabilities | $170,856,072 |
| Net assets without donor restrictions | $359,544,738 |
| 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 | $530,400,810 |
Grants Awarded
Over the last fiscal year, Satellite Healthcare Inc has awarded $623,185 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: FELLOWSHIP GRANT | $108,000 |
THE REGENTS OF THE UNIVERSITY OF CA PURPOSE: KIDNEY DISEASE | $30,000 |
BREAST CANCER PREVENTION PARTNERS PURPOSE: IN HONOR OF BCPP'S 30TH BIRTHDAY | $10,000 |
ICABA PURPOSE: GREETER SPONSOR : ICABA SALUTES WOMEN OF IMPACT | $6,000 |
NORTHWEST KIDNEY CENTERS PURPOSE: 2022 BRONZE SPONSORSHIP - HOPE BUILDERS LUNCHEON | $20,000 |
NATIONAL KIDNEY FOUNDATION PURPOSE: ANNUAL MEDICAL SYMPOSIUM, KIDNEY WALK, AUTHORS' LUNCHEON | $238,425 |