Baptist Hospital Inc
- Assets
- $1.0b
- Revenue
- $758.1m
- Investments
- $21.7m
- Employees
- 4,314
- Location
- Pensacola, FL
- Founding
- 04/1953
- Data as of
- 09/2021
- EIN
- 59-0657322
Organization Overview
Baptist Hospital Inc is located in Pensacola, FL. The organization was established in 1953. 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 09/2021, Baptist Hospital Inc employed 4,314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Hospital 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 09/2021, Baptist Hospital Inc generated $758.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $736.3m during the year ending 09/2021. While expenses have increased by 7.2% per year over the past 6 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, Baptist Hospital Inc has awarded 55 individual grants totaling $6,134,414. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO MEET THE HEALTH CARE NEEDS IN THE REGION. IT OPERATES TWO ACUTE CARE HOSPITALS THAT PROVIDE INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES.
Describe the Organization's Program Activity:
GENERAL AND SPECIALIZED HEALTH CARE SERVICES INCLUDING INPATIENT, PRIMARY CARE, LONG TERM AND OUTPATIENT SERVICES. BAPTIST HOSPITAL IS A 492-BED TERTIARY CARE HOSPITAL, THE LARGEST IN THE BAPTIST HEALTH CARE NETWORK, THAT PROVIDES SPECIALIZED CARE FOR ONCOLOGY, HEART AND VASCULAR, BARIATRICS, ORTHOPAEDICS, NEUROLOGY, TRAUMA, SURGERY, DIAGNOSTIC IMAGING, AND PSYCHIATRIC SERVICES. IN ADDITION, BAPTIST HOSPITAL OFFERS DIAGNOSTIC, TREATMENT AND REHABILITATION SERVICES. GULF BREEZE HOSPITAL IS A 77-BED GENERAL HOSPITAL PROVIDING ACUTE AND EMERGENCY CARE. SERVICES INCLUDE DIAGNOSTIC IMAGING, SURGERY, LABORATORY AND ORTHOPAEDICS.
COMMUNITY BENEFIT ACTIVITIES INCLUDING FREE HEALTH SCREENINGS, DONATIONS TO NOT-FOR-PROFIT COMMUNITY ORGANIZATIONS, COMMUNITY HEALTH EDUCATION, MENTORING/SUPPORT GROUPS, CONTINUING MEDICAL EDUCATION, AND OTHER COMMUNITY OUTREACH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Reichwage Physician | 40 | $1,683,065 | |
James F Adams MD Physician | 40 | $1,298,410 | |
Sherif Ibrahim MD Physician | 40 | $1,183,877 | |
Safwan Jaalouk Physician | 40 | $1,063,721 | |
Verma Sumit Physician | 40 | $1,061,819 | |
Bryon Scott Raynes President-Bhi/exec Vp-Bhc | Officer | 30 | $745,806 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beggs Lane Legal Services | 9/29/21 | $797,628 |
Ams Baptist Llc Anesthesia Services | 9/29/21 | $4,240,002 |
Gresham Smith Architectural | 9/29/21 | $7,105,847 |
Meadows Ohly Consulting | 9/29/21 | $977,943 |
The Mcr Group Consulting | 9/29/21 | $1,072,466 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $832,165 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,453 |
| Noncash contributions included in lines 1a–1f | $243,344 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $971,618 |
| Total Program Service Revenue | $740,699,753 |
| Investment income | $1,786,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $200,000 |
| Net Rental Income | $2,022,709 |
| Net Gain/Loss on Asset Sales | $5,877,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $758,112,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $854,791 |
| Grants and other assistance to domestic individuals. | $51,211 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,158,129 |
| Compensation of current officers, directors, key employees. | $431,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,315,033 |
| Pension plan accruals and contributions | $3,779,229 |
| Other employee benefits | $16,419,966 |
| Payroll taxes | $15,125,722 |
| Fees for services: Management | $62,735,605 |
| Fees for services: Legal | $228,505 |
| Fees for services: Accounting | $445,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,803 |
| Fees for services: Other | $65,407,128 |
| Advertising and promotion | $310,007 |
| Office expenses | $9,813,276 |
| Information technology | $2,044,554 |
| Royalties | $0 |
| Occupancy | $17,118,731 |
| Travel | $698,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,919 |
| Interest | $6,289,942 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,538,583 |
| Insurance | $4,028,150 |
| All other expenses | $9,185,999 |
| Total functional expenses | $736,324,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,064,336 |
| Savings and temporary cash investments | $156,749,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,955,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,272,762 |
| Prepaid expenses and deferred charges | $4,514,382 |
| Net Land, buildings, and equipment | $325,755,000 |
| Investments—publicly traded securities | $27,876,356 |
| Investments—other securities | $21,657,460 |
| Investments—program-related | $0 |
| Intangible assets | $6,836,174 |
| Other assets | $395,116,717 |
| Total assets | $1,048,797,666 |
| Accounts payable and accrued expenses | $105,132,717 |
| Grants payable | $635,642 |
| Deferred revenue | $515,626 |
| Tax-exempt bond liabilities | $785,982,409 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,740,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,712,675 |
| Total liabilities | $976,719,654 |
| Net assets without donor restrictions | $70,865,364 |
| Net assets with donor restrictions | $1,212,648 |
| 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 | $1,048,797,666 |
Grants Awarded
Over the last fiscal year, Baptist Hospital Inc has awarded $779,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Pensacola, FL PURPOSE: Healthcare | $537,500 |
Pensacola, FL PURPOSE: Health & Wellness | $72,500 |
Pensacola, FL PURPOSE: UWF ATHLETICS | $50,750 |
Kennesaw, GA PURPOSE: CANCER RESEARCH | $50,000 |
Pensacola, FL PURPOSE: COMMUNITY SERVICES | $25,000 |
Pensacola, FL PURPOSE: HEALTH & WELLNESS | $14,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Baptist Hospital Inc has recieved totaling $1,538,010.
| Awarding Organization | Amount |
|---|---|
| $1,512,010 | |
D W Mcmillan Foundation Brewton, AL PURPOSE: TO PROMOTE THE GENERAL WELFARE OF THE POOR OR NEEDY INHABITANTS OF ESCAMBIA COUNTY, ALABAMA AND ESCAMBIA COUNTY, FLORIDA WITHOUT REGARD TO RACE, CREED OR COLOR. | $26,000 |
Endowment Analysis
| Beg. Balance | $1,924,813 |
| Earnings | $192,274 |
| Net Contributions | $241,685 |
| Other Expense | $218,274 |
| Ending Balance | $2,140,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |