Sharp Health Plan
- Assets
- $261.3m
- Revenue
- $875.4m
- Investments
- $341.5k
- Employees
- 273
- Location
- San Diego, CA
- Founding
- 11/1995
- Data as of
- 09/2021
- EIN
- 33-0519730
Organization Overview
Sharp Health Plan is located in San Diego, CA. The organization was established in 1995. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 09/2021, Sharp Health Plan employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Health Plan is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Sharp Health Plan generated $875.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $852.9m during the year ending 09/2021. While expenses have increased by 5.7% 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 Health Plan has awarded 42 individual grants totaling $6,476,348. 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
TO PROMOTE THE HEALTH AND TO SERVE THE COMMUNITY INTERESTS OF THE RESIDENTS OF CALIFORNIA, BY OPERATION OF THE HEALTH MAINTENANCE ORGANIZATION AND BY THE PROVISION OF OTHER MANAGED HEALTH CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARP HEALTH PLAN (SHP) OFFERS A WIDE VARIETY OF COMMERCIAL BENEFIT PLANS TO BUSINESSES IN SAN DIEGO AND SOUTHERN RIVERSIDE COUNTIES. SHP IS A SAN DIEGO BASED COMMERCIAL HEALTH PLAN AND AS A NOT-FOR-PROFIT ENTERPRISE, WE ARE HERE FOR ONE SIMPLE REASON: TO SERVE OUR MEMBERS SINCE 1992. SHARP HEALTH PLAN OFFERS A VARIETY OF HEALTH INSURANCE OPTIONS FOR INDIVIDUALS, FAMILIES AND BUSINESSES THAT COMBINE AFFORDABILITY AND CHOICE, WHILE DELIVERING HIGH QUALITY HEALTH CARE AND PERSONAL SERVICE. MEMBERS HAVE ACCESS TO VALUABLE PLAN ENHANCEMENTS, SUCH AS INTERACTIVE WELLNESS RESOURCES, DENTAL DISCOUNTS, SHARP NURSE CONNECTION AND OUR EXCLUSIVE GLOBAL EMERGENCY SERVICES PROGRAM. IN 2013, SHARP HEALTH PLAN WAS SELECTED AS ONE OF 13 HEALTH PLANS TO PARTICIPATE IN COVERED CALIFORNIA'S INDIVIDUAL MARKETPLACE AND ONE OF SIX HEALTH PLANS TO PARTICIPATE IN COVERED CALIFORNIA'S SMALL BUSINESS HEALTH OPTIONS PROGRAM ("SHOP") MARKETPLACE FOR SMALL BUSINESSES. SEE COMMUNITY BENEFITS REPORT SUMMARY ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, SVP Ciio Shc | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sharp Memorial Hospital Medical Services | 9/29/21 | $238,834,835 |
Sharp Rees Stealy Medical Group Medical Services | 9/29/21 | $180,705,627 |
Sharp Community Medical Group Sd Medical Services | 9/29/21 | $112,585,782 |
Palomar Health Medical Services | 9/29/21 | $29,218,029 |
Rady Children's Hospital Sd Medical Services | 9/29/21 | $22,752,475 |
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 | $867,941,753 |
| Investment income | $1,982,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,429,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $875,353,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,092,850 |
| 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. | $2,767,328 |
| Compensation of current officers, directors, key employees. | $2,087,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,241,878 |
| Pension plan accruals and contributions | $805,192 |
| Other employee benefits | $3,351,694 |
| Payroll taxes | $1,879,623 |
| Fees for services: Management | $4,350,021 |
| Fees for services: Legal | $418,076 |
| Fees for services: Accounting | $600,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $779,056,976 |
| Advertising and promotion | $2,309,179 |
| Office expenses | $3,527,293 |
| Information technology | $2,615,364 |
| Royalties | $0 |
| Occupancy | $1,331,085 |
| Travel | $16,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,389 |
| Interest | $20,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $482,210 |
| Insurance | $220,965 |
| All other expenses | $3,718,596 |
| Total functional expenses | $852,850,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,087,110 |
| Savings and temporary cash investments | $113,833,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,545,935 |
| 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 | $1,376,185 |
| Net Land, buildings, and equipment | $435,322 |
| Investments—publicly traded securities | $104,853,553 |
| Investments—other securities | $341,531 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $816,277 |
| Total assets | $261,289,169 |
| Accounts payable and accrued expenses | $70,162,205 |
| Grants payable | $0 |
| Deferred revenue | $24,165,720 |
| 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 | $2,391,155 |
| Total liabilities | $96,719,080 |
| Net assets without donor restrictions | $164,570,089 |
| 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 | $261,289,169 |
Grants Awarded
Over the last fiscal year, Sharp Health Plan has awarded $4,052,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: Foundation Funding | $4,005,000 |
San Diego, CA PURPOSE: Broker/Employer Holiday Card Contribution | $15,000 |
San Diego, CA PURPOSE: Sponsorship | $15,000 |
Truckee, CA PURPOSE: Annual Contribution for 2021 ICE Operating Budget | $10,000 |
San Diego, CA PURPOSE: Sponsorship - Women's Week Presenting Partner | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sharp Health Plan has recieved totaling $1,200,000.
| Awarding Organization | Amount |
|---|---|
Sharp Healthcare Foundation San Diego, CA PURPOSE: PROGRAM SUPPORT | $1,200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Health Plan San Diego, CA | $261,289,169 | $875,353,493 |
Oregon Dental Service Portland, OR | $420,288,845 | $628,137,445 |
Intercommunity Health Network Corvallis, OR | $141,416,717 | $441,454,363 |
Inter Valley Health Plan Inc Pomona, CA | $30,003,416 | $260,570,555 |
Hometown Health Plan Inc Reno, NV | $105,254,347 | $238,268,510 |
Hawaii Dental Service Honolulu, HI | $358,953,785 | $255,479,645 |
Ochin Inc Portland, OR | $111,041,907 | $150,535,533 |
Arizona Dental Insurance Service Inc Glendale, AZ | $142,905,114 | $150,253,256 |
Community Health Group Chula Vista, CA | $101,362,340 | $146,687,559 |
Asante Physician Partners Medford, OR | $27,184,469 | $68,506,445 |
Greater Oregon Behavioral Health Inc The Dalles, OR | $40,204,483 | $75,610,299 |
St Francis Community Health Services Honolulu, HI | $12,606,099 | $25,329,395 |