The Nemours Foundation
- Assets
- $2.6b
- Revenue
- $1.7b
- Investments
- $148.2m
- Employees
- 9,908
- Location
- Jacksonville, FL
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 59-0634433
Organization Overview
The Nemours Foundation is located in Jacksonville, FL. The organization was established in 1981. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Nemours Foundation employed 9,908 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nemours 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 12/2021, Nemours Foundation generated $1.7b 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 $1.5b during the year ending 12/2021. While expenses have increased by 4.4% 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, Nemours Foundation has awarded 329 individual grants totaling $24,319,957. 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
NEMOURS MISSION IS TO PROVIDE LEADERSHIP, INSTITUTIONS, AND SERVICES TO RESTORE AND IMPROVE THE HEALTH OF CHILDREN THROUGH CARE AND PROGRAMS NOT READILY AVAILABLE, WITH ONE HIGH STANDARD OF QUALITY AND DISTINCTION REGARDLESS OF THE RECIPIENT'S FINANCIAL STATUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE H, PART VI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Lawrence Moss MD President And CEO | Officer | 40 | $2,192,225 |
Christian Pizarro MD Chair, Dept Of Cardiac Services, Dv | 40 | $2,253,738 | |
Peter D Wearden MD Chair, Cardiovascular Svcs Fl, Dir Of Early Autism | 40 | $1,714,777 | |
Robert D Bridges Evp, Chief Exec Fl Operations | Officer | 40 | $1,304,834 |
Mark Mumford Evp, Enterprise Chief Operating Officer | Officer | 40 | $1,279,594 |
Rodney A Mckendree Evp, CFO And Business Svcs Officer | Officer | 40 | $1,167,653 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Temp Staffing | 12/30/22 | $24,015,839 |
Thomas Jefferson University Residency Program Expense | 12/30/22 | $6,912,562 |
Crothall Health Care Inc Housekeeping & Laundry Sv | 12/30/22 | $12,234,388 |
Hsc Builders And Construction Manager Building & Construction | 12/30/22 | $16,166,738 |
Marsh And Mclennan Agency J Smith Lanier Insurance Agency | 12/30/22 | $6,936,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $834,655 |
| Related organizations | $245,110,252 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,943,262 |
| Noncash contributions included in lines 1a–1f | $318,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,888,169 |
| Total Program Service Revenue | $1,363,450,992 |
| Investment income | $5,758,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,254,253 |
| Net Rental Income | $656,514 |
| Net Gain/Loss on Asset Sales | $22,241,651 |
| Net Income from Fundraising Events | -$81,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,727,136,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,083,200 |
| Grants and other assistance to domestic individuals. | $370,568 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,965,450 |
| Compensation of current officers, directors, key employees. | $18,965,450 |
| Compensation to disqualified persons | $531,774 |
| Other salaries and wages | $753,146,872 |
| Pension plan accruals and contributions | $45,058,558 |
| Other employee benefits | $91,089,271 |
| Payroll taxes | $48,695,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,054,595 |
| Fees for services: Accounting | $520,566 |
| Fees for services: Lobbying | $538,468 |
| Fees for services: Fundraising | $1,699,975 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,873,663 |
| Advertising and promotion | $10,870,812 |
| Office expenses | $156,058,963 |
| Information technology | $26,807,148 |
| Royalties | $0 |
| Occupancy | $45,994,267 |
| Travel | $2,788,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,556,281 |
| Interest | $7,305,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,346,300 |
| Insurance | $22,027,438 |
| All other expenses | $15,069,021 |
| Total functional expenses | $1,480,686,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,316,192 |
| Savings and temporary cash investments | $49,353,052 |
| Pledges and grants receivable | $22,134,620 |
| Accounts receivable, net | $270,396,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,897,706 |
| Prepaid expenses and deferred charges | $23,262,122 |
| Net Land, buildings, and equipment | $1,041,062,493 |
| Investments—publicly traded securities | $482,587,667 |
| Investments—other securities | $148,178,722 |
| Investments—program-related | $0 |
| Intangible assets | $3,312,397 |
| Other assets | $77,148,629 |
| Total assets | $2,613,649,761 |
| Accounts payable and accrued expenses | $199,361,684 |
| Grants payable | $0 |
| Deferred revenue | $7,688,443 |
| Tax-exempt bond liabilities | $251,139,683 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $91,880,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $427,678,371 |
| Total liabilities | $977,748,181 |
| Net assets without donor restrictions | $1,326,388,130 |
| Net assets with donor restrictions | $309,513,450 |
| 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 | $2,613,649,761 |
Grants Awarded
Over the last fiscal year, The Nemours Foundation has awarded $15,485,983 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT HEALTH SYSTEM-SUNBELT INC PURPOSE: Donation | $14,500,000 |
RONALD MCDONALD HOUSE CHARITIES OF JACKSONVILLE INC PURPOSE: Donation | $133,670 |
LATIN AM COM CTR PURPOSE: Donation | $83,000 |
AM HEART ASSOCIATION PURPOSE: Donation | $78,750 |
RONALD MCDONALD HOUSE OF DELAWARE PURPOSE: Donation | $88,060 |
BLESSINGS IN A BACKPACK PURPOSE: Donation | $39,286 |