Southeast Georgia Health System Inc
- Assets
- $693.0m
- Revenue
- $450.9m
- Investments
- $0.0
- Employees
- 3,075
- Location
- Brunswick, GA
- Founding
- 04/1993
- Data as of
- 04/2022
- EIN
- 58-1911751
Organization Overview
Southeast Georgia Health System Inc is located in Brunswick, GA. The organization was established in 1993. 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 04/2022, Southeast Georgia Health System Inc employed 3,075 individuals. This organization is the central organization for a national or regional group of organizations. Southeast Georgia Health System 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 04/2022, Southeast Georgia Health System Inc generated $450.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $404.5m during the year ending 04/2022. While expenses have increased by 5.0% 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 2016, Southeast Georgia Health System Inc has awarded 74 individual grants totaling $4,131,200. 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
SOUTHEAST GEORGIA HEALTH SYSTEM,INC., WILL PROVIDE SAFE, QUALITY, ACCESSIBLE, AND COST-EFFECTIVE CARE TO MEET THE HEALTH NEEDS OF THE PEOPLE AND COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFECTIVE MAY 1, 2015, THE AUTHORITY UNDERTOOK A CORPORATE RESTRUCTURING AND EXECUTED A LEASE AND TRANSFER AGREEMENT WITH SOUTHEAST GEORGIA HEALTH SYSTEM, INC. (THE SYSTEM), A GEORGIA NOT-FOR-PROFIT CORPORATION, (FORMERLY KINGS BAY COMMUNITY HOSPITAL, INC.58-1911751), WHICH ASSUMED SUBSTANTIALLY ALL OF THE OPERATIONS, ASSETS AND LIABILITIES OF THE AUTHORITY AND AGREED TO OPERATE THE FACILITIES THEREOF AS A COMMUNITY HEALTHCARE PROVIDER AND TO PERFORM AND ABIDE BY ALL COVENANTS, AGREEMENTS, AND RESTRICTIONS THEREOF FOR AN INITIAL PERIOD OF FORTY YEARS. UNDER THE AGREEMENT, THE SYSTEM MAKES NOMINAL LEASE PAYMENTS TO THE AUTHORITY PLUS AMOUNTS SUFFICIENT TO MAKE DEBT SERVICE PAYMENTS ON AUTHORITY CONDUIT DEBT OBLIGATIONS AS THEY COME DUE AND ASSUMES ALL OPERATIONAL, FINANCIAL, INDIGENT CARE, AND COMMUNITY RESPONSIBILITIES. IN CONNECTION WITH THE RESTRUCTURING, THE AUTHORITY AND THE SYSTEM ENTERED INTO AN EMPLOYEE LEASE AGREEMENT WHEREBY THE AUTHORITY LEASED ALL OF ITS EMPLOYEES TO THE SYSTEM FROM JANUARY 1, 2016 THROUGH DECEMBER 31, 2016, AT COST. ALL LEASED AUTHORITY EMPLOYEES WERE CONVERTED TO SYSTEM EMPLOYMENT EFFECTIVE JANUARY 1, 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Scherneck010922 Former Pres/ceo | Officer | 40 | $861,974 |
Stephen Chitty MD Board Member | Trustee | 40 | $836,106 |
Mitchell T Jones Board Member | Trustee | 40 | $768,354 |
Alan K Brown MD Vice President & Cmo | 40 | $543,830 | |
Shirley Wilson MD Board Member | Trustee | 40 | $445,754 |
Christy D Jordan ESQ Vp-Gen Counsel | Officer | 40 | $418,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stability Healthcare Inc Contract Nursing | 4/29/22 | $21,984,133 |
Medical Solutions Llc Contract Nursing | 4/29/22 | $6,855,276 |
Hhs Llc Housekeeping Services | 4/29/22 | $3,806,988 |
Aya Healthcare Inc Contract Nursing | 4/29/22 | $3,658,378 |
Morrison Healthcare Dietary Services | 4/29/22 | $3,226,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,355,219 |
| Government grants | $18,607,702 |
| All other contributions, gifts, grants, and similar amounts not included above | $978,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,941,605 |
| Total Program Service Revenue | $398,324,989 |
| Investment income | $4,869,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,944,407 |
| Net Gain/Loss on Asset Sales | $21,810,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,936,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,034,928 |
| Grants and other assistance to domestic individuals. | $16,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,834,526 |
| Compensation of current officers, directors, key employees. | $3,834,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,186,358 |
| Pension plan accruals and contributions | $5,082,024 |
| Other employee benefits | $16,772,151 |
| Payroll taxes | $7,826,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,746,003 |
| Fees for services: Accounting | $245,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,368,773 |
| Advertising and promotion | $1,821,606 |
| Office expenses | $89,982,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,418,804 |
| Travel | $187,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,389,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,802,452 |
| Insurance | $2,521,830 |
| All other expenses | $315,478 |
| Total functional expenses | $404,460,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,944,192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,463,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,305,123 |
| Prepaid expenses and deferred charges | $5,173,493 |
| Net Land, buildings, and equipment | $357,166,813 |
| Investments—publicly traded securities | $195,475,441 |
| Investments—other securities | $0 |
| Investments—program-related | $9,570,599 |
| Intangible assets | $39,523 |
| Other assets | $39,819,207 |
| Total assets | $692,957,725 |
| Accounts payable and accrued expenses | $78,597,755 |
| Grants payable | $0 |
| Deferred revenue | $20,398,986 |
| Tax-exempt bond liabilities | $239,570,320 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,569,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $347,136,136 |
| Net assets without donor restrictions | $345,821,589 |
| 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 | $692,957,725 |
Grants Awarded
Over the last fiscal year, Southeast Georgia Health System Inc has awarded $544,462 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Brunswick, GA PURPOSE: Operation Expense of Foundation | $393,353 |
St Simons Island, GA PURPOSE: Primary Exempt Activity | $75,000 |
Brunswick, GA PURPOSE: Primary Exempt Activity | $22,500 |
Irving, TX PURPOSE: Primary Exempt Activity | $11,000 |
Brunswick, GA PURPOSE: Primary Exempt Activity | $10,000 |
Saint Simons Island, GA PURPOSE: Primary Exempt Activity | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Southeast Georgia Health System Inc has recieved totaling $68,026.
| Awarding Organization | Amount |
|---|---|
Whitehall Foundation Inc Pittsford, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Davis Love Iii Foundation St Simons Island, GA PURPOSE: COMMUNITY ASSISTANCE | $20,026 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $10,000 |
John W Robinson Fam Foundation Inc Sea Island, GA PURPOSE: MEDICAL RESEARCH | $5,000 |
Saxe Foundation Inc New Canaan, CT PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Birchrock Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |