Sentara Health
- Assets
- $7.4b
- Revenue
- $1.0b
- Investments
- $4.4b
- Employees
- 829
- Location
- Virginia Beach, VA
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 52-1271901
Organization Overview
Sentara Health is located in Virginia Beach, VA. The organization was established in 1983. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Sentara Health employed 829 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Health 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, Sentara Health generated $1.0b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $212.9m during the year ending 12/2021. While expenses have increased by 4.5% 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 2014, Sentara Health has awarded 929 individual grants totaling $110,152,523. 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
AT SENTARA, WE IMPROVE HEALTH EVERY DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard P Kern Pres/ceo/ex-Effic Dir (thru 9/22) | OfficerTrustee | 40 | $10,168,793 |
J Les Hall Director | Trustee | 3.8 | $0 |
John Agola Director | Trustee | 2.4 | $0 |
Gilbert Bland Director | Trustee | 3.8 | $40,000 |
Joseph K Funkhouser II Director | Trustee | 2.7 | $40,000 |
Ann E C Homan Director (thru 11/22) | Trustee | 2.4 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Korn Ferry Recruiting Services | 12/30/22 | $6,081,680 |
Ernst And Young Llp Professional Services | 12/30/22 | $3,158,830 |
Pma Companies Commercial Insurance Underwriter | 12/30/22 | $2,959,699 |
Kpmg Llp Professional Services | 12/30/22 | $2,718,463 |
Lewis Media Partners Llc Media And Marketing Services | 12/30/22 | $2,470,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,066,117 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $35,632,585 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $718,966,448 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,614,538 |
| Statement of Expenses | |
|---|---|
| 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. | $20,466,448 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,306,891 |
| Pension plan accruals and contributions | $10,092,604 |
| Other employee benefits | $2,965,555 |
| Payroll taxes | $5,879,433 |
| Fees for services: Management | $4,549,731 |
| Fees for services: Legal | $6,890,405 |
| Fees for services: Accounting | $1,369,427 |
| Fees for services: Lobbying | $71,598 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,362,888 |
| Fees for services: Other | $24,645,483 |
| Advertising and promotion | $11,336,037 |
| Office expenses | -$738,448 |
| Information technology | $2,562,688 |
| Royalties | $0 |
| Occupancy | $2,870,720 |
| Travel | $203,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,230 |
| Interest | $5,709,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $724,038 |
| Insurance | $2,929,136 |
| All other expenses | $0 |
| Total functional expenses | $212,895,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $911,914,724 |
| Pledges and grants receivable | $3,712,621 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,478,822 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,060,650 |
| Investments—publicly traded securities | $1,408,822,670 |
| Investments—other securities | $4,402,144,825 |
| Investments—program-related | $0 |
| Intangible assets | $5,658,633 |
| Other assets | $472,691,651 |
| Total assets | $7,353,677,948 |
| Accounts payable and accrued expenses | $438,741,104 |
| Grants payable | $14,305,554 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,544,795,701 |
| 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 | $400,575,684 |
| Total liabilities | $2,398,418,043 |
| Net assets without donor restrictions | $4,939,353,019 |
| Net assets with donor restrictions | $15,906,886 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,955,259,905 |
Grants Awarded
Over the last fiscal year, Sentara Health has awarded $19,818,806 in support to 314 organizations.
| Grant Recipient | Amount |
|---|---|
3E RESTORATION INC PURPOSE: EMPLOYEE SURVEY YEAR END GIFT | $10,000 |
AAPI OF HAMPTON ROADS INC PURPOSE: AAPI HAMPTON ROADS 11TH ANNUAL CHARITY GALA | $9,000 |
ACCESS COLLEGE FOUNDATION PURPOSE: SENTARA SCHOLARS PROGRAM PARTNERSHIP WITH ACCESS COLLEGE FOUNDATION | $110,000 |
ADAGIO HOUSE PURPOSE: ACCESSIBILITY AND SAFETY CAPITAL CAMPAIGN | $20,000 |
ACTION IN COMMUNITY THROUGH SERVICE - ACTS PURPOSE: HOUSING STABILIZATION | $210,000 |
ALBEMARLE AREA UNITED WAY INC PURPOSE: COMMUNITY CARE COLLABORATIVE | $15,000 |