Hoag Clinic Inc
- Assets
- $124.8m
- Revenue
- $211.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 33-0676831
Organization Overview
Hoag Clinic Inc is located in Newport Beach, CA. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoag Clinic 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 12/2021, Hoag Clinic Inc generated $211.6m in total revenue. All expenses for the organization totaled $303.9m during the year ending 12/2021. While expenses have increased by 181.1% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Braithwaite President | OfficerTrustee | 2 | $0 |
Jennifer Mitzner CEO (thru 05/11/2021) | OfficerTrustee | 2 | $0 |
Andrew Guarni Evp/secretary & Interim CEO | Officer | 4 | $0 |
James Boyle VP Hoag Clinic Mso | Officer | 50 | $0 |
Michael Gam VP & CFO | Officer | 50 | $0 |
Sheila Porter VP Hoag Clinic Practice Ops. | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hoag Medical Group Medical Services | 12/30/21 | $34,474,770 |
Orange Coast Women's Medical Group Medical Services | 12/30/21 | $15,154,863 |
Hoag Specialty Clinic Medical Services | 12/30/21 | $10,582,527 |
Newport Family Medicine Medical Services | 12/30/21 | $4,732,519 |
Newport Cardiac Thoracic Medical Services | 12/30/21 | $4,532,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,534,403 |
| 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 | $1,534,403 |
| Total Program Service Revenue | $200,827,158 |
| Investment income | $11,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,626,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $1,583,579 |
| Compensation of current officers, directors, key employees. | $1,583,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,720,093 |
| Pension plan accruals and contributions | $2,349,303 |
| Other employee benefits | $6,029,139 |
| Payroll taxes | $4,145,581 |
| Fees for services: Management | $3,181,421 |
| Fees for services: Legal | $1,088,541 |
| Fees for services: Accounting | $1,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,191,773 |
| Advertising and promotion | $3,804,716 |
| Office expenses | $2,665,145 |
| Information technology | $1,622,784 |
| Royalties | $0 |
| Occupancy | $20,126,100 |
| Travel | $141,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,893,539 |
| Insurance | $124,213 |
| All other expenses | $4,032,125 |
| Total functional expenses | $303,933,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,439,611 |
| Savings and temporary cash investments | $604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,541,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $426,384 |
| Prepaid expenses and deferred charges | $3,877,359 |
| Net Land, buildings, and equipment | $39,918,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,958,542 |
| Other assets | $7,650,612 |
| Total assets | $124,813,423 |
| Accounts payable and accrued expenses | $23,717,973 |
| Grants payable | $0 |
| Deferred revenue | $867,007 |
| 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 | $8,949,396 |
| Total liabilities | $33,534,376 |
| Net assets without donor restrictions | $91,279,047 |
| 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 | $124,813,423 |
Grants Awarded
Over the last fiscal year, Hoag Clinic Inc has awarded $66,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: PROGRAM SUPPORT PROGRAM SUPPORT | $60,000 |
Irvine, CA | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hoag Clinic Inc has recieved totaling $1,534,403.
| Awarding Organization | Amount |
|---|---|
Hoag Hospital Foundation Newport Beach, CA PURPOSE: PROGRAMS PROGRAM SUPPORT TEEN BRAIN PROGRAM SUPPORT RESEARCH ORTHOPEDIC CARE | $1,534,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner-University Medical Group Phoenix, AZ | $97,355,267 | $467,538,007 |
Usc Care Medical Group Inc Los Angeles, CA | $62,184,923 | $406,914,000 |
Hoag Clinic Inc Newport Beach, CA | $124,813,423 | $211,626,917 |
Satellite Healthcare Inc San Jose, CA | $555,073,330 | $281,086,278 |
Family Health Centers Of San Diego Inc San Diego, CA | $437,320,216 | $305,619,808 |
On Lok Senior Health Service San Francisco, CA | $192,120,006 | $211,805,666 |
Golden Valley Health Center Merced, CA | $178,530,255 | $163,166,361 |
Clinicas Del Camino Real Inc Ventura, CA | $207,265,824 | $142,076,134 |
Prima Medical Foundation Novato, CA | $59,866,922 | $134,953,752 |
North East Medical Services Daly City, CA | $311,978,932 | $167,783,663 |
Packard Childrens Health Alliance Palo Alto, CA | $36,765,810 | $119,394,567 |
La Clinica De La Raza Inc Oakland, CA | $148,316,145 | $121,956,055 |