Beebe Medical Center Inc
- Assets
- $712.8m
- Revenue
- $565.1m
- Investments
- $0.0
- Employees
- 2,984
- Location
- Lewes, DE
- Founding
- 08/1938
- Data as of
- 06/2022
- EIN
- 51-0067938
Organization Overview
Beebe Medical Center Inc, operating under the name Beebe Healthcare Inc, is located in Lewes, DE. The organization was established in 1938. 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 06/2022, Beebe Healthcare Inc employed 2,984 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beebe Healthcare 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 06/2022, Beebe Healthcare Inc generated $565.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $488.1m during the year ending 06/2022. While expenses have increased by 5.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MEDICAL CENTER IN LEWES IS A 210-LICENSED-BED, NOT-FOR-PROFIT SEASIDE COMMUNITY HOSPITAL.
Describe the Organization's Program Activity:
GENERAL MEDICAL SURGICAL PATIENT CARE. BEEBE MEDICAL CENTER EXPERIENCED 9,599 DISCHARGES IN 2022 RESULTING IN 51,183 PATIENT DAYS OF WHICH 6,152 DISCHARGES AND 35,053 PATIENT DAYS WERE COVERED UNDER THE MEDICARE PROGRAM. THE MEDICAID PROGRAM COVERED 1,334 DISCHARGES AND 6,727 PATIENT DAYS. ADDITIONAL VOLUMES ACHIEVED IN 2022 INCLUDE 56,991 EMERGENCY VISITS; 15,116 OPERATING ROOM CASES OF WHICH 80 WERE OPEN HEART SURGERIES; 4,490 CARDIAC CATHETERIZATION PROCEDURES; AND 205,397 OUTPATIENT IMAGING PROCEDURES. TOTAL SELF-PAY INPATIENT DAYS WERE 660 AND SELF-PAY DISCHARGES WERE 143 IN 2022.
COMMUNITY OUTREACH PROGRAM EXPENSES OF $594,812 AND DELMARVA HEALTH NETWORK, LLC EXPENSES OF $198,220
BEEBE HOME HEALTH (BHHA) PROGRAM COVERS EASTERN SUSSEX COUNTY. IN 2022, BHHA ADMITTED 3,603 NEW PATIENTS AND HAD AN ACTIVE CASELOAD OF 6,560 PATIENTS. THERE WERE A TOTAL OF 56,300 VISITS DURING THE YEAR.
THE MARGARET D ROLLINS SCHOOL OF NURSING CONTINUES TO BE FULLY CERTIFIED. THE SCHOOL HAD A TOTAL OF 69 STUDENT ENROLLED IN FY22, 35 SENIORS AND 34 FIRST YEAR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Tam MD Secretary/ceo | OfficerTrustee | 40 | $1,042,422 |
David A Herbert Chairman (thru Oct 2021) | OfficerTrustee | 2 | $0 |
Terry A Megee Chairman (as Of Oct 2021) | OfficerTrustee | 2 | $0 |
Michael A Meoli Vice Chairperson | OfficerTrustee | 2 | $0 |
Christopher J Weeks Treasurer | OfficerTrustee | 2 | $0 |
Pamela Baker Director (start Dec. 2021) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whiting-turner Contracting Co General Contractor | 6/29/22 | $20,690,078 |
Medical Solutions Nursing Contract Labor | 6/29/22 | $15,213,354 |
Delaware Anesthesia Associates Anesthesia Services | 6/29/22 | $3,332,115 |
Info Solutions Llc Computer Consulting | 6/29/22 | $2,638,165 |
Renovo Solutions Llc Asset Mgmt Service | 6/29/22 | $2,599,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,500,715 |
| Government grants | $13,726,461 |
| 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 | $24,227,176 |
| Total Program Service Revenue | $525,990,645 |
| Investment income | $2,484,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $428,286 |
| Net Gain/Loss on Asset Sales | $6,298,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,095,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,447,614 |
| 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. | $7,523,919 |
| Compensation of current officers, directors, key employees. | $6,727,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,911,961 |
| Pension plan accruals and contributions | $4,431,757 |
| Other employee benefits | $30,162,655 |
| Payroll taxes | $11,916,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $254,322 |
| Fees for services: Accounting | $162,732 |
| Fees for services: Lobbying | $18,719 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $199,682 |
| Fees for services: Other | $52,805,032 |
| Advertising and promotion | $1,449,134 |
| Office expenses | $9,829,445 |
| Information technology | $14,827,864 |
| Royalties | $0 |
| Occupancy | $8,510,107 |
| Travel | $264,981 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,160 |
| Interest | $4,412,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,142,392 |
| Insurance | $4,023,897 |
| All other expenses | $1,481,645 |
| Total functional expenses | $488,143,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,626,938 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,748,382 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,269,191 |
| Prepaid expenses and deferred charges | $15,912,959 |
| Net Land, buildings, and equipment | $333,400,019 |
| Investments—publicly traded securities | $114,482,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,104,085 |
| Other assets | $44,278,749 |
| Total assets | $712,823,294 |
| Accounts payable and accrued expenses | $87,559,640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $211,084,843 |
| 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 | $60,687,744 |
| Total liabilities | $359,332,227 |
| Net assets without donor restrictions | $329,341,620 |
| Net assets with donor restrictions | $24,149,447 |
| 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 | $712,823,294 |