Sanford
- Assets
- $430.0m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 33,172
- Location
- Sioux Falls, SD
- Founding
- 04/2011
- Data as of
- 12/2022
- 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 12/2022, Sanford employed 33,172 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 12/2022, Sanford generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $44.3m during the year ending 12/2022. While expenses have increased by 15.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
Sanford Group Return See Schedule O - Officer | Officer | 10 | $4,214,120 |
Sanford Group Return See Schedule O - Key Employee | Officer | 5 | $12,787,183 |
Sanford Group Return See Schedule O - Hce | 0 | $0 | |
Sanford Group Return See Schedule O - Former | 0 | $4,044,860 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leavitt Partners Llc Consulting | 12/30/22 | $877,241 |
Mckinsey & Company Inc Us Professional Services | 12/30/22 | $875,000 |
New York Life Insurance Premiums | 12/30/22 | $731,849 |
Edelman Consulting | 12/30/22 | $728,121 |
First Premier Bank Investment Management | 12/30/22 | $420,539 |
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 | $14,753,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,066,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,687,193 |
| 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. | $23,643,628 |
| Compensation of current officers, directors, key employees. | $23,643,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $207,076 |
| Other employee benefits | $2,136,624 |
| Payroll taxes | -$834,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$14,991 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,940,680 |
| Fees for services: Other | $11,414,876 |
| Advertising and promotion | $133,690 |
| Office expenses | $139,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,503 |
| Travel | $2,340,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $650,748 |
| Interest | $5,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,300 |
| Insurance | $275 |
| All other expenses | $6,378 |
| Total functional expenses | $44,302,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,026 |
| 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 | $124,900 |
| Net Land, buildings, and equipment | $434,411 |
| Investments—publicly traded securities | $342,786,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,912,312 |
| Other assets | $79,431,187 |
| Total assets | $429,967,937 |
| Accounts payable and accrued expenses | $202,622,407 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $375,433,642 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $71,469,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $605,820,000 |
| Total liabilities | $1,255,345,781 |
| Net assets without donor restrictions | -$825,377,844 |
| 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 | $429,967,937 |
Grants Awarded
Over the last fiscal year, Sanford has awarded $2,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA COLLEGE CORPORATION PURPOSE: Health Professions scholarship endowment, Sanford Center for Healthcare Leadership, Locker room & training facility | $1,100,000 |
SOUTH DAKOTA STATE UNIVERSITY FOUNDATION PURPOSE: Sanford-Jackrabbit Athletic Complex | $1,000,000 |