Grossmont Hospital Corporation
- Assets
- $1.4b
- Revenue
- $963.8m
- Investments
- $933.2k
- Employees
- 4,308
- Location
- San Diego, CA
- Founding
- 04/1991
- Data as of
- 09/2021
- EIN
- 33-0449527
Organization Overview
Grossmont Hospital Corporation, operating under the name Sharp Grossmont Hospital, is located in San Diego, CA. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Sharp Grossmont Hospital employed 4,308 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Grossmont 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 Grossmont Hospital generated $963.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $880.1m during the year ending 09/2021. While expenses have increased by 4.6% 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 Grossmont Hospital has awarded 22 individual grants totaling $3,808,840. 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
GROSSMONT HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROSSMONT HOSPITAL PROVIDES INPATIENT AND OUTPATIENT SERVICES TO THE COMMUNITY. PATIENT DAYS WERE 142,231 AND OUTPATIENT VISITS WERE 290,086 FOR THE TWELVE MONTHS ENDED 9/30/21. SEE COMMUNITY BENEFIT REPORT ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Cmo Ghc | 55 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,004,547 |
| Government grants | $17,560,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,849 |
| Noncash contributions included in lines 1a–1f | $618,712 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,780,716 |
| Total Program Service Revenue | $897,873,805 |
| Investment income | $8,491,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,568,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,761,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $461,722 |
| 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. | $2,964,741 |
| Compensation of current officers, directors, key employees. | $1,572,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,766,927 |
| Pension plan accruals and contributions | $13,140,511 |
| Other employee benefits | $44,348,956 |
| Payroll taxes | $24,954,113 |
| Fees for services: Management | $26,638,184 |
| Fees for services: Legal | $856,772 |
| Fees for services: Accounting | $9,875,335 |
| Fees for services: Lobbying | $42,282 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $356,389 |
| Fees for services: Other | $61,483,897 |
| Advertising and promotion | $5,083,955 |
| Office expenses | $23,520,893 |
| Information technology | $36,978,748 |
| Royalties | $0 |
| Occupancy | $17,622,709 |
| Travel | $528,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $652,713 |
| Interest | $2,868,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,909,589 |
| Insurance | $3,469,790 |
| All other expenses | $4,231,153 |
| Total functional expenses | $880,097,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,137,106 |
| Savings and temporary cash investments | $62,884,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,130,592 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,372,720 |
| Prepaid expenses and deferred charges | $6,100,888 |
| Net Land, buildings, and equipment | $422,527,513 |
| Investments—publicly traded securities | $603,759,381 |
| Investments—other securities | $933,167 |
| Investments—program-related | $43,789,020 |
| Intangible assets | $0 |
| Other assets | $19,431,696 |
| Total assets | $1,425,066,151 |
| Accounts payable and accrued expenses | $124,197,353 |
| Grants payable | $0 |
| Deferred revenue | $5,959,047 |
| 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 | $103,346,069 |
| Total liabilities | $233,502,469 |
| Net assets without donor restrictions | $1,164,237,920 |
| Net assets with donor restrictions | $27,325,762 |
| 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 | $1,425,066,151 |
Grants Awarded
Over the last fiscal year, Grossmont Hospital Corporation has awarded $432,799 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: MEDI-CAL PROGRAM | $377,299 |
San Diego, CA PURPOSE: SPONSORSHIP - CONTINUING MEDICAL EDUCATION, GOLF TOURNAMENT, REGATTA | $55,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grossmont Hospital Corporation has recieved totaling $3,837,008.
| Awarding Organization | Amount |
|---|---|
Grossmont Hospital Foundation San Diego, CA PURPOSE: PROGRAM SERVICE SUPPORT | $3,811,680 |
Sharp Healthcare Foundation San Diego, CA PURPOSE: PROGRAM SUPPORT | $25,328 |
Endowment Analysis
| Beg. Balance | $6,960,496 |
| Earnings | $1,792,448 |
| Net Contributions | $1,000 |
| Other Expense | $227,019 |
| Ending Balance | $8,526,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |