Beebe Medical Foundation
- Assets
- $31.9m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lewes, DE
- Founding
- 09/1989
- Data as of
- 06/2022
- EIN
- 51-0319455
Organization Overview
Beebe Medical Foundation is located in Lewes, DE. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Beebe Medical Foundation 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 Medical Foundation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $12.4m during the year ending 06/2022. While expenses have increased by 24.6% 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.
Since 2015, Beebe Medical Foundation has awarded 23 individual grants totaling $42,619,830. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE MISSION OF BEEBE MEDICAL FOUNDATION IS TO IDENTIFY AND SECURE PHILANTHROPHIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEEBE MEDICAL FOUNDATION FUNDED CAPITAL EQUIPMENT PURCHASES FOR BEEBE MEDICAL CENTER AS FOLLOWS: $4,958,878 CAPITAL EXPENSES FOR SOUTH COASTAL HEALTH CAMPUS; $2,476,246 BEEBE MEDICAL CENTER CAPITAL IMPROVEMENTS; $1,981,900 SCHOOL OF NURSING CAPITAL IMPROVEMENTS; $709,431 POPULATION HEALTH PROGRAMS; $310,815 TUNNELL CANCER CENTER.
OTHER EXPENSES: $38,700 SCHOOL OF NURSING SCHOLARSHIPS
BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR OPERATIONAL EXPENSES PAID BY BEEBE MEDICAL CENTER AS FOLLOWS: $16,421 FOR FACULTY TUITION AWARDS, $2,543 FOR PORTABLE FETAL MONITOR BOOKS & PACKETS, $1.400 EMPLOYEE NURSING EDUCATION SUMMIT, $1.362 WALK TO REMEMBER, $22,667 MISCELLANEOUS.
BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR PROGRAMS MANAGED BY BEEBE MEDICAL CENTER AS FOLLOWS: $31,659 POPULATION HEALTH & TUNNELL CANCER CENTER SPECIAL NEEDS PROGRAM; $23,379 MISCELLANEOUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tam MD Director/bmc President & CEO | OfficerTrustee | 1 | $0 |
Jeffrey Fried Former Director/ Former Bmc Pres. & | 0 | $0 | |
Paul Pernice Treasurer/bmc CFO | OfficerTrustee | 1 | $0 |
Thomas Protack President, Beebe Medical Foundation | Officer | 40 | $0 |
Alicia Young Executive Director - Foundation | 40 | $0 | |
Christian Hudson Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,521 |
| Related organizations | $1,447,614 |
| Government grants | $641,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,142,449 |
| Noncash contributions included in lines 1a–1f | $456,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,272,015 |
| Total Program Service Revenue | $0 |
| Investment income | $335,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $612,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,280,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,536,703 |
| Grants and other assistance to domestic individuals. | $38,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $523,827 |
| Compensation of current officers, directors, key employees. | $94,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $319,327 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,211 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126,643 |
| Office expenses | $39,754 |
| Information technology | $24,957 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $43,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526 |
| Insurance | $0 |
| All other expenses | $39,927 |
| Total functional expenses | $12,354,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,814,993 |
| Accounts receivable, net | $0 |
| 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 | $12,044 |
| Net Land, buildings, and equipment | $1,604 |
| Investments—publicly traded securities | $28,588,176 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,857,607 |
| Accounts payable and accrued expenses | $440,790 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $440,790 |
| Net assets without donor restrictions | $6,276,195 |
| Net assets with donor restrictions | $25,140,622 |
| 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 | $31,857,607 |
Grants Awarded
Over the last fiscal year, Beebe Medical Foundation has awarded $10,516,465 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEEBE MEDICAL CENTER INC PURPOSE: EQUIPMENT & SERVICES | $10,500,715 |
SUSSEX COUNTY COUNCIL PURPOSE: MOBILE INTEGRATIVE HEALTH | $15,750 |