Sentara Enterprises
- Assets
- $45.2m
- Revenue
- $129.5m
- Investments
- $0.0
- Employees
- 745
- Location
- Virginia Beach, VA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 54-1917649
Organization Overview
Sentara Enterprises is located in Virginia Beach, VA. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Sentara Enterprises employed 745 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sentara Enterprises 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 Enterprises generated $129.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $138.0m during the year ending 12/2021. While expenses have increased by 0.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS PART OF SENTARA HEALTH'S INTEGRATED HEALTH CARE ORGANIZATION, WE IMPROVE HEALTH EVERYDAY.
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 Director (through 9/22) | Trustee | 1 | $0 |
Michael V Gentry Director/chairman | OfficerTrustee | 1 | $0 |
Robert A Broermann Director/treasurer | OfficerTrustee | 1 | $0 |
Paul A Gaden Director/president | OfficerTrustee | 1 | $0 |
Dennis A Matheis Director (eff 9/22) | Trustee | 1 | $0 |
Earl J Barnes II Secretary (eff 6/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wellsky Financial Services Healthcare Management Consulting | 12/30/22 | $1,128,908 |
Amn Healthcare Inc Healthcare Staffing Solutions | 12/30/22 | $427,004 |
Dexcomm Communication Services | 12/30/22 | $179,300 |
Strategic Healthcare Programs Llc Software Management Services | 12/30/22 | $175,861 |
Wellsky Corporation Software Management Services | 12/30/22 | $148,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,446 |
| Investment income | $28,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,097,783 |
| Net Gain/Loss on Asset Sales | -$22,804 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,516,859 |
| 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. | $681,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,646,837 |
| Pension plan accruals and contributions | $5,741,935 |
| Other employee benefits | $6,606,928 |
| Payroll taxes | $4,285,310 |
| Fees for services: Management | $29,259 |
| Fees for services: Legal | $759 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,051,198 |
| Advertising and promotion | $30,152 |
| Office expenses | $3,789,359 |
| Information technology | $508,229 |
| Royalties | $0 |
| Occupancy | $2,780,549 |
| Travel | $1,513,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,361,263 |
| Insurance | $1,671,329 |
| All other expenses | $0 |
| Total functional expenses | $137,987,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $704,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,532,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $765,665 |
| Prepaid expenses and deferred charges | $148,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,984,726 |
| Other assets | $1,244,303 |
| Total assets | $45,248,628 |
| Accounts payable and accrued expenses | $2,580,791 |
| Grants payable | $0 |
| Deferred revenue | $1,957,628 |
| 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 | $14,338,264 |
| Total liabilities | $18,876,683 |
| Net assets without donor restrictions | $26,106,920 |
| Net assets with donor restrictions | $265,025 |
| 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 | $26,371,945 |
Grants Awarded
Over the last fiscal year, Sentara Enterprises has awarded $1,476,171 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SENTARA HEALTHCARE PURPOSE: CORPORATE ALLOCATION TO PARENT | $1,466,171 |
BEYOND BOOBS PURPOSE: WEBSITE REDESIGN | $10,000 |