Sanford
- Assets
- $665.4m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 33,095
- Location
- Sioux Falls, SD
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-1218956
Organization Overview
Sanford is located in Sioux Falls, SD. The organization was established in 2011. 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 12/2021, Sanford employed 33,095 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sanford 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 12/2021, Sanford generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $60.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
"DEDICATED TO SHARING GOD'S LOVE THROUGH THE WORK OF HEALTH, HEALING AND COMFORT."
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANFORD IS A NON-PROFIT ORGANIZATION DEVELOPED TO PROMOTE THE HEALTH AND WELL-BEING OF PERSONS IN ITS SERVICE AREA THROUGH PLANNING AND ESTABLISHMENT OF POLICY FOR COORDINATION AND OVERSIGHT OF SANFORD'S CONTROLLED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanford Group Return See Schedule O - Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leavitt Partners Llc Consulting | 12/30/21 | $1,060,356 |
Advisory Board Company Consulting | 12/30/21 | $388,587 |
Bravanti Llc Consulting | 12/30/21 | $311,182 |
Ny Life Investment Management | 12/30/21 | $729,802 |
Crowdstrike Inc Software/technology | 12/30/21 | $624,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $9,323,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,950,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,274,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $38,833,017 |
| Compensation of current officers, directors, key employees. | $38,833,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $201,409 |
| Other employee benefits | $2,462,740 |
| Payroll taxes | $4,973,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,023 |
| Fees for services: Accounting | $1,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,840,827 |
| Fees for services: Other | $3,448,733 |
| Advertising and promotion | $210,867 |
| Office expenses | $164,586 |
| Information technology | $698,723 |
| Royalties | $0 |
| Occupancy | $213,110 |
| Travel | $2,078,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,323,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,076 |
| Insurance | $100 |
| All other expenses | $33,450 |
| Total functional expenses | $60,060,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $65 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $218,650 |
| Net Land, buildings, and equipment | $282,895 |
| Investments—publicly traded securities | $542,121,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,418,548 |
| Other assets | $115,096,250 |
| Total assets | $665,368,621 |
| Accounts payable and accrued expenses | $138,740,881 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $761,236,105 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,049,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $249,845,000 |
| Total liabilities | $1,230,871,505 |
| Net assets without donor restrictions | -$565,502,884 |
| 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 | $665,368,621 |
Grants Awarded
Over the last fiscal year, Sanford has awarded $2,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Moorhead, MN PURPOSE: Health Professions scholarship endowment, Sanford Center for Healthcare Leadership, Locker room & training facility | $1,100,000 |
Brookings, SD PURPOSE: Sanford-Jackrabbit Athletic Complex | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sanford has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: EQUIPMENT UPGRADE | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakewood Health System Staples, MN | $153,437,720 | $115,022,151 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
Nebraska Methodist Health System Inc Omaha, NE | $1,257,543,382 | $79,579,701 |
Glencoe Regional Health Services Glencoe, MN | $129,617,347 | $77,673,503 |
Sanford Sioux Falls, SD | $665,368,621 | $12,274,166 |
Benedictine Health System Minneapolis, MN | $153,472,496 | $53,035,199 |
Wheaton Franciscan Healthcare-Iowa Inc Waterloo, IA | $26,954,347 | $50,265,958 |
Centracare Health System-Long Prairie Long Prairie, MN | $62,306,209 | $40,776,847 |
Mayo Clinic Lake City, MN | $39,703,752 | $42,659,598 |
Memorial Community Hospital Corporation Blair, NE | $56,275,818 | $44,044,678 |
Fall River Health Services Hot Springs, SD | $41,959,122 | $31,885,192 |
Northland Pace Program Bismarck, ND | $14,541,053 | $17,955,640 |